China moving ahead, talking about temples and mosques will waste our time: Ex-Navy chief

Agencies
August 12, 2019

New Delhi, Aug 12: China is moving ahead in areas like artificial intelligence (AI) and robotics and it would be a waste of time if India distracts itself by talking about temples and mosques, former Navy chief Arun Prakash said on Sunday.

However, Arun Prakash expressed hope that the abrogation provision of Article 370 and the change in the status of Jammu and Kashmir will bring peace and help foster integration and economic development in the region.

"For our whole existence as an independent nation, we have seen and suffered from these fissures - linguistic, religious, caste, etc. These conflicts have continued throughout our independent existence," Admiral Arun Prakash (Retd), while delivering Prem Bhatia Memorial Lecture in New Delhi, said.

"What we need to do is to try and tamp them rather than to exploit them. China is talking about artificial intelligence, robotics and machine learning and all that. And if we are going to talk about temples and mosques and so on, then obviously we are going to waste time," Arun Prakash added.

Curious to know whether anyone from the 'Raghuvansha' (descendants of Lord Ram) was still residing in Ayodhya, the Supreme Court on Friday had put this query to 'Ram Lalla Virajman', the deity and one of the parties in the politically sensitive Ram Janmabhoomi-Babri Masjid land dispute case.

Fourteen appeals have been filed in the apex court against the 2010 Allahabad High Court judgment, delivered in four civil suits, that the 2.77-acre land in Ayodhya be partitioned equally among the three parties -- the Sunni Waqf Board, the Nirmohi Akhara and Ram Lalla.

Arun Prakash, who served as the chief of Naval staff from July 2004 to October 2006, said on Sunday, "It is in key interest of national security to ensure peace and tranquillity domestically before even looking outside."

"So to take away the half front, which the Army Chief [Bipin Rawat] mentions, we need to ensure domestic peace, harmony, etc. Therefore, the issues that are of a divisive nature need to be minimised rather than exploited," Arun Prakash added.

In June this year, Army Chief Bipin Rawat said that Indian armed forces are ready for a "two-and-a-half-front war". Bipin Rawat was referring to Pakistan and China as two fronts and internal security threats as the half front.

Arun Prakash said Sunday, "Our actual preparation should have been to ward off Chinese pressure. They don't have to fire a bullet. There are many other ways of pushing India. And if we prepare to counter China, then Pakistan would automatically be taken care of."

Talking about recent situation in Jammu and Kashmir, Arun Prakash said, "One hopes that the recent abrogation of Article 370 and the changes in the status of erstwhile J&K [Jammu and Kashmir] will bring peace and help foster integration and economic development."

Earlier this week, the government revoked provisions of Article 370 of the Constitution, withdrawing special status to Jammu and Kashmir, and split the state into two Union Territories -- Jammu and Kashmir, and Ladakh.

"If we are to debunk Jinnah's two-nation theory and convince the Muslim majority Union Territory (UT) of J&K that they made the right choice in 1947, then we need to reflect seriously on some larger issues," Arun Prakash said.

"One, whether the pursuit of majoritarianism of any kind is a good idea for a multi-religious, multi-ethnic and multi-lingual country like India. Two, whether in generating insecurity amongst any section of our people will enhance India's security or undermine it," Arun Prakash added.

Comments

Mr Frank
 - 
Tuesday, 13 Aug 2019

When china products in every field available globally India is lagging far behind filled with hate crime and polarisation and rapings..development remains only a slogan.

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News Network
March 26,2020

Jaipur, Mar 26: Two new COVID-19 positive cases were registered in Rajasthan taking the total number of coronavirus cases to 38 in the state.
The Union Health Ministry had on Wednesday reported 606 positive COVID-19 cases in India including 43 foreign nationals.

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Agencies
May 26,2020

New Delhi, May 26: As India ranked 10th in the global infection list, overtaking Iran, which was an early hotspot of coronavirus, India's top medical body has said the human trials of COVID-19 vaccine may begin at least in six months.

Dr. Rajni Kant, Director Regional Medical Research Centre and Head at the Indian Council of Medical Research (ICMR) said, "The virus strain isolated at the National Institute of Virology (NIV) laboratory in Pune will be used to develop the vaccine, and this strain has been successfully transferred to the Bharat Biotech International Ltd. (BBIL). It is expected that the human trials of the vaccine will begin in at least six months."

Queried on the focus areas as India inches closer to 1.4 lakh COVID-19 cases, Kant said we should not get anxious about the rapid increase in numbers, especially in the past week, which saw 5,000 Covid-19 cases daily, instead focus on protecting the most vulnerable group.

"We should not fear from increasing Covid-19 cases. The elderly and people with comorbidities need protection. This is the highly vulnerable group, and we need to deploy resources and develop strategies to keep the mortality rate as low as possible in this group," said Kant.

Initially, it was assumed that the country would require thousands of ventilators, but last week, the health ministry said only 0.45 per cent of COVID-19 cases need ventilator support.

Kant insisted the focus should be on five per cent to 10 per cent serious patients. "We are testing more than one lakh daily and our case fatality rate is already one of the lowest in the world. In absence of vaccine, people should follow social distancing guidelines," he added

On the significance of the recovery rate, Kant said the increasing recovery rate of the COVID-19 patients, which is at 41 per cent, is a bright spot in India's fight against deadly viral infection.

Queried on large scale COVID-19 cases in Mumbai, Delhi and Ahmedabad, Kant said the population density in these regions is very high, which proves to be the just right environment for the viral infection.

He insisted on developing robust cluster management strategies in the hard-hit coronavirus spots, and the movement of people should be curtailed in these areas.

"Currently, a lot of people are moving around easily and avoiding social distancing norms. The first phase of the lockdown was very effective, but now things have changed," added Kant.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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