‘Big moment in India-Pak relationship’: Manmohan Singh on Kartarpur corridor

News Network
November 10, 2019

Kartarpur, Nov 10: Former Prime Minister Manmohan Singh and Shiromani Akali Dal leader Prakash Singh Badal were among the Indian leaders who described the inauguration of the Kartarpur Corridor as momentous occasion in ties between India and Pakistan.

"It is a big moment in India-Pakistan relationship. It is good for both the countries that the corridor has been opened. The ties will improve significantly as a result of this new beginning,” Singh told reporters.

Union Minister Harsimrat Kaur Badal said those expressing apprehension that the corridor may be used to encourage separatism in Punjab do not have faith in the “great” Guru Nanak Devji, the founder of Sikhism.

The Kartarpur corridor facilitating Indian pilgrims to visit one of Sikhism's holiest shrines in Pakistani town of Narowal was thrown open by Prime Minister Imran Khan amid fanfare and presence of several thousands Sikhs.

The corridor links Dera Baba Nanak shrine in Gurdaspur in India to Gurdwara Kartarpur Sahib in Pakistan, the final resting place of Sikh faith's founder Guru Nanak. “The apprehensions are by those people who do not have faith in the great Guru Nanak,” Badal said on the sidelines of the inauguration of the corridor while replying to a question.

Earlier this week, Indian government sources said the Pakistan Army was pushing for the Kartarpur corridor with an aim to encourage Khalistani elements in Punjab.

SAD leader and former Punjab Chief Minister Parkash Singh Badal also hailed the initiative of setting up of the corridor and said it will result in better people-to-people ties between the two countries. “Today is the happiest day in my life,” Singh told news agency.

Harsimrat said the entire Sikh community is grateful to both the Indian and Pakistani governments for implementing the Kartarpur Corridor project. “It is a very positive beginning which I am sure with the grace of Guru Nanak Devji will lead to better relations between the two countries. It is a corridor of peace,” she said.

"We have been praying for this for last 72 years. Many governments have come and gone. It has taken Pakistan Prime Minister Imran Khan-ji and our Prime Minister Narendra Modiji to make this a reality,” she said.

Union Urban Development Minister Hardeep Puri also hoped that the initiative will lead to better ties between the two neighbours. “Hope it will provide an opening for mature counsels to prevail so that peace and brotherhood can be facilitated,” he said.

Member of the European Parliament Neena Gill lauded both India and Pakistan for the initiative. “It is a very auspicious occasion today,” the first woman Sikh MEP said.

Several Indian pilgrims who were part of the first jatha to visit Gurdwara Kartarpur Sahib using the corridor said USD 20 facilitation fee was taken from each of them and that passport had to be shown to enter Pakistan.

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News Network
May 11,2020

May 11: Saudi Arabia will triple its value-added tax rate and suspend a cost of living allowance for state workers, it said on Monday, seeking to shield finances hit by low oil prices and a slump in demand for its lifeline export worsened by the new coronavirus.

Historic oil output cuts agreed by Riyadh and other major producers have given only limited support to prices after they sank on oversupply caused by a war for petroleum market share between the kingdom and its fellow oil titan Russia.

Saudi Arabia, the world's largest oil exporter, is also being hit hard by measures to fight the new coronavirus, which are likely to curb the pace and scale of economic reforms launched by Crown Prince Mohammed bin Salman.

"The cost of living allowance will be suspended as of June 1, and the value added tax will be increased to 15% from 5% as of July 1," Finance Minister Mohammed al-Jadaan said in a statement reported by the state news agency. "These measures are painful but necessary to maintain financial and economic stability over the medium to long term...and to overcome the unprecedented coronavirus crisis with the least damage possible."

The austerity measures come after the kingdom posted a $9 billion budget deficit in the first quarter.

The minister said non-oil revenues were affected by the suspension and decline in economic activity, while spending had risen due to unplanned strains on the healthcare sector and the initiatives taken to support the economy.

"All these challenges have cut state revenues, pressured public finances to a level that is hard to deal with going forward without affecting the overall economy in the medium to long term, which requires more spending cuts and measures to support non-oil revenues stability," he added.

The government has cancelled and put on hold some operating and capital expenditures for some government agencies, and cut allocations for some reform initiatives and projects worth a total 100 billion riyals ($26.6 billion), the statement said.

Central bank foreign reserves fell in March at their fastest rate in at least 20 years and to their lowest since 2011, while oil revenues in the first three months of the year fell 24% from a year earlier to $34 billion, pulling total revenues down 22%.

"The reforms are positive from a fiscal side as greater adjustment is essential. However, the tripling of VAT is unlikely to help that much in 2020 revenue wise with the expected fall in consumption," said Monica Malik, chief economist at Abu Dhabi Commercial Bank.

She said she kept unchanged her deficit forecast of 16.3% of GDP for this year, which already factors in a greater than previously announced spending cut.

About 1.5 million Saudis are employed in the government sector, according to official figures released in December.

In 2018, Saudi Arabia's King Salman ordered a monthly payment of 1,000 riyals ($267) to every state employee to compensate them for the rising living costs after the government hiked domestic gas prices and introduced value-added tax.

DIFFICULT TIMES

A committee has been formed to study all financial benefits paid to public sector employees and contractors, and will submit recommendations within 30 days, the statement said.

In late 2015, when oil prices fell from record highs, the kingdom slashed lavish bonuses, overtime payments and other benefits once considered routine perks in the public sector.

In a country without elections and with political legitimacy resting partly on distribution of oil revenue, the ability of citizens to adapt to such reforms is crucial for stability.

"Tripling the VAT will test the limits of the balance between revenues and consumption as the economy dives into a deep recession. The move will impact consumption and could also lower the expected revenues," said John Sfakianakis, a Gulf expert at the University of Cambridge.

"These are pro-austerity and pro-revenue moves rather than pro-growth ones," he said.

Hasnain Malik, head of equity strategy at Tellimer, said the VAT rise could bring about $24-$26.5 billion in additional non-oil fiscal revenue. The rise would hit consumer spending further but was a needed step towards fiscal sustainability, he said.

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News Network
January 12,2020

Kolkata, Jan 12: Prime Minister Narendra Modi on Sunday said a section of the youth is being misguided about the Citizenship Amendment Act and asserted that it will not take away anybody's citizenship.

Modi also said whoever has faith in India and believes in its Constitution can become an Indian citizen.

“There are a lot of questions among the youth about the new citizenship law, and some are being misled by rumours around it... it is our duty to clear their doubts,” the PM said during an address at Belur Math in Howrah district.

“I want to make this clear again that the CAA is not about taking away anybody's citizenship, but about granting citizenship,” he added.

Modi said that some people with political interests are deliberately spreading rumours about the new citizenship law.

Lauding the youth for speaking against religious persecution of minorities, the prime minister said the energy of the country's young will form the basis of change in the 21st century. The PM is on a two-day visit to the city.

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News Network
March 4,2020

New Delhi, Mar 4: A court in Delhi on Wednesday convicted expelled BJP MLA Kuldeep Singh Sengar of culpable homicide not amounting to murder in the death of the Unnao rape victim's father.

District judge Dharmesh Sharma said Sengar had no intention of killing the victim's father. “He was beaten in a brutal manner that led to his death,” the judge said.

The court had sent Sengar to jail on December 20 for the “remainder of his natural biological life” for raping the woman in 2017, when she was a minor.

The Central Bureau of Investigation (CBI) had examined 55 witnesses in support of the case and the defence examined nine witnesses.

The court had recorded the statements of the rape survivor's uncle, mother, sister and one of her father's colleague who claimed to be an eyewitness to the incident.

Charges were framed against Sengar, his brother Atul, Bhadauria, sub-inspector Kamta Prasad, constable Amir Khan and six others in the case.

The case was transferred to Delhi from a trial court in Uttar Pradesh on the directions of the Supreme Court on August 1 last year.

In July, 2019 a truck rammed into the car the rape victim was travelling in with some family members and her lawyer.

Two of her aunts died in the incident. She was airlifted from a hospital in Lucknow and to AIIMS in Delhi.

The victim has been provided accommodation in Delhi and is under CRPF protection.

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