'Azhar designation proof of commitment against terror'

Agencies
May 2, 2019

Washington, May 2: The designation of Pakistan-based JeM chief Masood Azhar as a global terrorist by the UN demonstrates the international commitment to rooting out terrorism in Pakistan and bringing security and stability to South Asia, the White House has said.

The UN sanctions committee on the Islamic State and Al-Qaeda on Wednesday announced the designation of Azhar, leader of Jaish-e-Mohammed (JeM), over its ties to Al-Qaeda.

The JeM has claimed responsibility for the Pulwama suicide attack that killed 40 CRPF soldiers and led to a spike in military tensions between India and Pakistan.

Reacting to the development, Garrett Marquis, spokesperson of the National Security Council, White House said: "Designating Azhar demonstrates the international commitment to rooting out terrorism in Pakistan and bringing security and stability to South Asia".

The US commends the United Nations Security Council 1267 Sanctions Committee for the designation of Azhar, the leader of JeM, a UN-designated terrorist group that was responsible for the February 14 terrorist attack in Kashmir that killed over 40 Indian security personnel, Marquis said in a statement.

Secretary of State Mike Pompeo also welcomed the move and said that it is a victory for American diplomacy and the international community against terrorism.

Pompeo also congratulated the US mission in the UN which took the lead in America's diplomatic effort to designate Azhar as a global terrorist, after China finally lifted its nearly 10-year technical hold on such an effort by India, the United States and other permanent members of the Security Council including Britain and France.

"Congrats to our team @USUN for their work in negotiating JEM's Masood Azhar's #UN designation as a terrorist," Pompeo tweeted.

"This long-awaited action is a victory for American diplomacy and the international community against terrorism, and an important step towards peace in South Asia," Pompeo said.

Meanwhile, State Department spokesperson Morgan Ortagus said that the JeM has been responsible for numerous terrorist attacks and is a serious threat to regional stability and peace in South Asia.

"The JeM was designated by the United States as a Foreign Terrorist Organization and Specially Designated Global Terrorist (SDGT) in 2001 and has been listed by the UN since 2001," she said.

The US also designated Azhar as an SDGT in 2010.

"As JEM's founder and leader, Azhar clearly met the criteria for designation by the UN. This listing requires all the UN member states to implement an asset freeze, a travel ban, and an arms embargo against Azhar. We expect all countries to uphold these obligations," Ortagus said.

Today's designation is an important step in promoting a peaceful and stable South Asia, she said.

"In line with this vision, we appreciate Pakistani Prime Minister Khan's stated commitment that Pakistan, for the sake of its own future, will not allow militant and terrorist groups to operate from its territory," Ortagus said.

The spokesperson said that the US looks forward to further and sustained actions from Pakistan as outlined in its National Action Plan consistent with its international obligations.

The US, France along with the UK had moved the proposal to designate Azhar as a "global terrorist" in the UN Security Council's 1267 Al Qaeda Sanctions Committee in February, just days after the deadly Pulwama terror attack.

A veto-wielding permanent member of the UNSC, China was the sole hold-out in the 15-nation body on the bid to blacklist Azhar, blocking attempts by placing a "technical hold" and asking for "more time to examine" the proposal.

Comments

Khasai Khane
 - 
Thursday, 2 May 2019

Dear CD.

 

First of all, the man in picture of your news is Hafeez Saeed, another terrorist.

 

 

As for UNSC branding masood Azhar as terrorist, that too after 18 years since Kandahar plane hijack, please note :

 

1] Hafiz Saeed, was branded a terrorist by UNSC atleast 10 years ago. What happened - Nothing.

 

2] Masood Azhar was branded terrorist by UNSC, which even CHina accepted was because there was a condition put by China and Pakistan to India to accept that this terrorist Masood Azhar was not involved in Pulwama attack. India accepted, Pakistan happy, China Happy, and we Indians are made a fool of.

Ok, now that India said to th UNSC that Masood Azhar was not involved in Pulwama attack, who is really is responsible.? In anycase it was intelligence failure, or it could even be a treachery by our politicians against our country. 

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News Network
March 18,2020

New Delhi, Mar 18: As many as 276 Indians have been infected with coronavirus abroad, including 255 in Iran, 12 in UAE and five in Italy, the government informed the Lok Sabha on Wednesday.

In a written reply to a question in the Lok Sabha, Minister of State for External Affairs V Muraleedharan said the total number of Indians infected by coronavirus is 276 — 255 in Iran, 12 in UAE, five in Italy, and one each in Hong Kong, Kuwait, Rwanda and Sri Lanka.

A fourth batch of 53 Indians returned to India from Iran on Monday, taking the total number of people evacuated from the coronavirus-hit country to 389.

Iran is one of the worst-affected countries by the coronavirus outbreak and the government has been working to bring back Indians stranded there. Over 700 people have died from the disease in Iran and nearly 14,000 cases detected.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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Agencies
July 30,2020

Mumbai, Jul 30: Counterfeiting incidents have increased 24 per cent in the country in 2019 over the previous year, creating an over Rs 1 lakh crore hole in the economy, according to a report.

The report also said counterfeiters are having a free run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand.

According to the report by ASPA, a self-regulated industry body of anti-counterfeiting and traceability solutions providers, counterfeiting has risen steadily in the last few years, and exploiting the pandemic as a cover for their activities.

Between February and April 2020, over 150 incidents of counterfeiting cases were reported, mostly about fake PPE kits, sanitisers and masks taking advantage of the high demand for these products, it noted.

"There was a 24 per cent increase in counterfeiting in 2019 over 2018, leading to the loss of more than Rs 1 lakh crore to the overall economy," said Nakul Pasricha, president of Authentication Solution Providers Association.

The association works with global authorities like the International Hologram Manufacturers Association, Counterfeit Intelligence Bureau of the Interpol, and domestic industry lobbies like Ficci, he said.

Counterfeiting is a universal issue and is 3.3 per cent of global trade, according to the OECD data, impacting social and economic development across the world.

The report lists the currency, FMCG, alcohol, pharma, documents, agriculture, infrastructure, automotive, tobacco, lifestyle and apparel, as the 10 sectors impacted most by counterfeiting.

Among these, currency, alcohol and FMCG continue to be the top three sectors with the highest counterfeiting in the last two years. The FMCG sector is most vulnerable, as counterfeit incidents rose 63 per cent between 2018 (79) and 2019 when the reported cases jumped to 129.

Within the states, the fakers have a free run in Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Bengal, Punjab, Jharkhand, Delhi, Gujarat, and Uttarakhand, calling for urgent actions to frame anti-counterfeiting policy measures.

According to the report, UP continues to be on top followed by Bihar, Rajasthan, and together these three states represent almost 45 per cent of all counterfeiting reported in the last two years.

What is more alarming is that counterfeiting is not limited to high-end luxury items today, as common everyday items as fake cumin seeds, mustard cooking oil, ghee, hair oils, soaps, baby care vaccines and medicines are aplenty in the markets.

"There is an urgent need for building and nurturing authentication ecosystems in the country with the active involvement and active participation of all stakeholders," said Pasricha.

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