Ceasefire violation: Pakistan security council meeting today, decline in firing reported

October 10, 2014

Srinagar, Oct 10: Pakistan is set to hold security council meeting on Friday after India had yesterday sent out a strong warning saying that its neighbouring country will have to bear an "unaffordable" cost if it persists with its "adventurism"

After the Centre gave the India Army orders to retaliate to the Pakistani firing, there are reports that there has been a sharp decline in shelling from across the International Border.

Ceasefire violationIn the week-long violence in Jammu and Kashmir, eight people have lost their lives and over 60 have been injured.

Modi, while addressing an election rally in Maharashtra's Baramati, the turf of NCP chief and former Defence Minister Sharad Pawar, slammed those targeting the government on the issue through a public discourse, saying it demoralised the jawans fighting on the border.

"Such an issue should not be part of a political debate... Elections will come and go, governments will come and go, but please don't demoralise those fighting on the border by debating these things for political gains," said Modi who had been attacking the previous UPA government over its dealing with Pakistan in the run-up to Lok Sabha elections.

In Delhi, Defence Minister Arun Jaitley said, "Pakistan in these attacks has clearly been the aggressor but it must realise that our deterrence will be credible. If Pakistan persists with this adventurism, our forces will make the cost of this adventurism unafforable."

India's message has reached Pakistan, he said, adding the strong Indian response will continue if Pakistan persists with firing and shelling.

Pakistan Rangers shelled almost the entire 192-km border

overnight. Nearly 30,000 people have been displaced following one of the worst violations of the 2003 ceasefire by Pakistan which has left eight people dead and 80 others, including nine security men, injured since October 1.

"Pakistani Rangers continued with unprovoked mortar shelling and heavy automatic weapon firing on BSF posts all along International Border (IB) since 2045 hours last night," a BSF spokesman said in Jammu.

Jaitley said if Pakistan wants peace on the borders, it should stop what it is doing.

"Pakistan has to stop this unprovoked firing and shelling. As long as that continues how can there be peace."

Asked about chances of talks between leaders of the two countries, he shot back, "how can you talk when firing is on?"

Underlining that India is a responsible country which is not an aggressor but is responsible for fully protecting its people and land, the Defence Minister said, "Our forces are taking all steps they can to protect our people and land."

Both Modi and Jaitley attacked the opposition leaders who have been criticising the government over its handling of the border situation.

Targeting Pawar, who had slammed him for holding poll rallies in Maharashtra when there was tension on the border, Modi said, "When you were the defence minister, there were problems with Pakistan and China on the border. Did you ever bother to go to the border then?"

"There have been terror strikes in Maharashtra during your tenure...Mumbai, Malegaon, Pune. You could not even reach the terrorists, leave alone catching them. In the spirit of patriotism, we never politicised the issue," he said.

Jaitley also attacked opposition leaders for their "ill-informed" criticism of the government over ceasefire violations.

"They should at least know this much as to what extent our forces are going to protect the borders," he said.

Congress Vice-President Rahul Gandhi has attacked the government over ceasefire violations and Chinese incursion, questioning its policies.

Jaitley singled out Pawar, saying he should have been more informed as a former defence minister.

Asked about Pakistan's motives behind the escalation, Jaitley said he would not like to speculate but firing could be a cover for infiltration and also an effort by it to precipitate tension where none existed.

"Our forces have only one option which is to respond adequately," the Defence Minister said.

He said many militants have been killed in firing since floods hit Jammu and Kashmir, an evidence of Pakistan's attempts to push more militants into Indian territory.

Asked why Pakistan is doing it now, he said the question should be put to those across the border.

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News Network
April 7,2020

New Delhi, Apr 7: The death toll due to novel coronavirus rose to 114 and the number of cases in the country climbed to 4,421 on Tuesday, according to the Union Health Ministry.

While the number of active COVID-19 cases stood at 3,981, as many as 325 people were cured and discharged, and one had migrated, it stated. The total number of cases include 66 foreign nationals.

According to the ministry's data updated at 9 am, three new deaths were reported from Rajasthan, while Tripura recorded its first coronavirus case.

Maharashtra has reported the most coronavirus deaths at 45, followed by Gujarat at 12, Madhya Pradesh nine, Telangana and Delhi seven each, Punjab six and Tamil Nadu five fatalities.

Karnataka registered four deaths, while West Bengal, Uttar Pradesh, Andhra Pradesh and Rajasthan have recorded three fatalities each. Two deaths each have been reported from Jammu and Kashmir and Kerala. Bihar, Himachal Pradesh and Haryana have reported one fatality each, according to the health ministry data.

However, a PTI tally based on figures reported by states directly on Monday night showed at least 138 deaths across the country, while the confirmed cases reached 4,683. Of them, 359 have been cured and discharged.

There has been a lag in the Union Health Ministry figures, compared to the numbers announced by different states, which officials attribute to procedural delays in assigning the cases to individual states.

The highest number of confirmed cases are from Maharashtra at 748, followed by Tamil Nadu at 621 and Delhi with 523 cases. Kerala reported 327 COVID-19 cases, Telangana 321, Uttar Pradesh 305 and Rajasthan 288 cases. Andhra Pradesh reported 226 coronavirus cases.

Novel coronavirus cases have risen to 165 in Madhya Pradesh, 151 in Karnataka and 144 in Gujarat. Jammu and Kashmir has 109 cases, West Bengal has 91, Haryana 90 and Punjab 76 cases of the infection.

Thirty-two people were infected with the virus in Bihar while Uttarakhand has 31 patients and Assam 26. Odisha reported 21 coronavirus cases, Chandigarh 18, Ladakh 14 and Himachal Pradesh 13 cases.

Ten cases each have been reported from the Andaman and Nicobar Islands and Chhattisgarh. Goa has reported seven COVID-19 infections, followed by Puducherry with five cases. Jharkhand has reported four cases and Manipur two. Tripura, Mizoram and Arunachal Pradesh have reported one case of the infection each.

"State-wise distribution is subject to further verification and reconciliation," the ministry said on its website.

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News Network
June 24,2020

New Delhi, Jun 24: Over 1,500 urban and multi-state cooperative banks will be brought under the supervisory power of the Reserve Bank of India (RBI), said Union Minister Prakash Javadekar on Wednesday.

"Government banks, including 1,482 urban cooperative banks and 58 multi-state cooperative banks, are now being brought under supervisory powers of Reserve Bank of India (RBI); RBI's powers as they apply to scheduled banks will apply for cooperative banks as well," Javadekar said at a press conference, through video conferencing.

"The decision to bring 1,540 cooperative banks under RBI's supervision will give an assurance to more than 8.6 crore depositors in these banks that their money amounting to Rs 4.84 lakh crore will stay safe," he added.

The Minister of Information and Broadcasting further said that the Union Cabinet has approved a scheme "for interest subvention of 2 per cent to Shishu loan category borrowers under Pradhan Mantri Mudra Yojana, outstanding as on March 31, 2020, for one year to eligible borrowers."

The Minister also said that the Union Cabinet has approved the declaration of Kushinagar Airport in Uttar Pradesh as an international airport.

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News Network
February 29,2020

New Delhi, Feb 29: India’s economy expanded at its slowest pace in more than six years in the last three months of 2019, with analysts predicting further deceleration as the global Covid 19 coronavirus outbreak stifles growth in Asia’s third-largest economy.

The gross domestic product (GDP) data released yesterday showed government spending, private investment and exports slowing down, while there is a slight upturn in consumer spending and improvement in rural demand lent support.

The quarterly figure of 4.7% growth matched the consensus in a Reuters poll of analysts but was below a revised - and greatly increased - 5.1% rate for the previous quarter.

The central bank has warned that downside risks to global growth have increased as a result of the coronavirus epidemic, the full effects of which are still unfolding.

Prime minister Narendra Modi’s government has taken several steps to bolster economic growth, including a privatisation push and increased state spending, after cutting corporate tax rates last September.

In its annual budget presented this month, the government estimated that annual economic growth in the financial year to March 31 would be 5%, its lowest for last 11 years.

Modi’s government is targeting a slight recovery in growth to 6% for 2020/21, still far below the level needed to generate jobs for millions of young Indians entering the labour market each month.

The annual GDP figure for the September quarter was ramped up from an earlier estimate of 4.5%, while the April-June reading was similarly lifted to 5.6% from 5%, data released by the Ministry of Statistics showed on Friday.

Capital Investment Drop

In the December quarter, private investment grew 5.9%, up from 5.6% in the previous quarter, while government spending rose by 11.8%, against 13.2% in the previous three months.

However, corporate capital investment contracted by 5.2% after a 4.1% decline in the previous quarter, indicating that interest rate cuts by the central bank have failed to encourage new investment. Manufacturing, meanwhile, contracted by 0.2%.

“It appears growth slowdown is not just cyclical but more entrenched with consumption secularly joining the slowdown bandwagon even as the investment story continues to languish,” said Madhavi Arora of Edelweiss Securities in Mumbai.

Many economists said that the government stimulus could take four to six quarters of time before lifting the economy and the impact of those efforts could be outweighed by the global fallout from the coronavirus epidemic that began in China.

“The coronavirus remains the critical risk as India depends on China for both demand and supply of inputs,” said Abheek Barua, chief economist at HDFC Bank.

Indian shares sank on Friday for a sixth session running, capping their worst week in more than a decade. The NSE Nifty 50 index shed 7.3% over the week, while the Sensex dropped 6.8%, the worst weekly declines since the 2008-09 financial crisis.

Separately, India’s infrastructure output rose 2.2% year on year in January, data showed on Friday.

A spike in inflation to a more than 5-1/2 year high of 7.59% in January is expected to make the RBI hold off from further cuts to interest rates for now, while keeping its monetary stance accommodative.

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