Stop state-sponsored terrorism, India and UAE tell the world

February 13, 2016

New Delhi, Feb 13: India and the UAE have strongly condemned state sponsors of terrorism and use of terrorism as a state policy, according to a joint issued on Friday, the concluding day of the three-day visit to India of Crown Prince of Abu Dhabi and Deputy Commander of the USE Armed Force Sheikh Mohamed bin Zayed Al Nahyan.

UAE copy

The statement said that both Prime Minister Narendra Modi and Sheikh Mohamed “strongly condemned extremism and terrorism in all of their forms and manifestations, irrespective of who the perpetrators are and of their motivations”.

“They reiterated that any justification for terrorism and any link between extremism or terrorism and religion should be strongly rejected by the international community,” it stated.

“They reiterated their condemnation for efforts, including by states, to use religion to justify, support and sponsor terrorism against other countries, or to use terrorism as instrument of state policy.”

The statement also deplored efforts by countries to give religious and sectarian colour to political issues and pointed out the responsibility of all states to control the activities of the so-called “non-state actors”, and to cut all support to terrorists operating and perpetrating terrorism from their territories against other states.

“The two sides deplored the use of double standards in addressing the menace of international terrorism and agreed to strengthen cooperation in combating terrorism both at the bilateral level and within the multilateral system,” it stated.

“In the context of the growing phenomenon of religious intolerance and radicalisation being witnessed worldwide, the two leaders commended each other on their efforts to build pluralistic societies based on universal values of humanity and peaceful co-existence among different faiths and communities.”

On the business and economic front, the Gulf nation expressed its interest in investing in infrastructure development in India, especially in priority areas such as railways, roads, ports, and shipping.

During the visit of Modi to the UAE in August last year, the first by an Indian prime minister in 34 years, the Gulf nation committed $75 billion in investments in India’s infrastructure sector.

In Friday’s statement, the two leaders welcomed the signing of a framework memorandum of understanding (MoU) between which would serve to facilitate and expand the participation of UAE investors in infrastructure projects in India.

“The two sides described these developments as important steps towards reaching the USD 75 billion target for UAE investments in India’s infrastructure development plans,” it said.

India also thanked the UAE for showing interest in the proposal for establishing a semiconductor fabrication facility in India.

“The two sides agreed to further business-to-business cooperation in information technology (IT), information technology-enabled services (ITeS), and electronics system design and manufacturing (ESDM),” the statement said.

Both countries also agreed to enhance cooperation in space science and space technology and to explore a long-term plan to identify cooperation projects in areas of mutual interest.

With energy being the central pillar of the economic relationship between the two countries, the Modi and Sheikh Mohamed expressed satisfaction at their growing bilateral trade in the energy sector.

“They welcomed the intention of the Abu Dhabi National Oil Company (Adnoc) and the Indian Strategic Petroleum Reserves Ltd. (ISPRL) to sign a memorandum of understanding on the establishment of a strategic petroleum eeserve in India, and agreed to conclude negotiations in the near future,” the statement said.

“The two sides looked forward to increased cooperation in the crude oil sector, including through training, and human resources development. The Indian side conveyed the keen interest of Indian oil companies in forming joint ventures with and offering equity participation to UAE companies, as well as in seeking participation in prospective exploration rounds in the UAE and in opportunities for joint exploration in third countries.”

On climate change, the two leaders noted that the development of sustainable sources of energy was a shared strategic priority.

In the area of defence cooperation, the two sides renewed their commitment to strengthening the existing cooperation in training, and joint exercises as well as identifying opportunities to cooperate on the production of defence equipment in India.

“The two leaders agreed to enhance cooperation to strengthen maritime security in the Gulf and the Indian Ocean region, which is vital for the security and prosperity of both countries,” the statement said.

The Abu Dhabi also appreciated the role and contribution that the Indian community has made to the UAE’s development, noting that Indian citizens in the UAE were highly respected for their peaceful and hard-working ethics.

There are around 2.6 million expatriate Indians in the UAE, around 60 percent of whom are blue collar workers.

Comments

awadh kham mohammed
 - 
Saturday, 13 Feb 2016

US asks Pak to stop state sponsored terrorism. But sells it latest fighter-planes. It just means: You can beat your donkey & feed it too

kumaraswamy aikal
 - 
Saturday, 13 Feb 2016

India welcomes Pak's pledge to fight militants, but does not believe state sponsored Terrorism via Taliban will stop

wahid baig
 - 
Saturday, 13 Feb 2016

If u want to defeat terrorism fight state sponsored first . Stop arming .identify terror groups & expose warmongers .make peace strategic option

manish machado
 - 
Saturday, 13 Feb 2016

Indians are already a victims of similar attack bcoz of state sponsored terrorism by Pakistan, cowardly act must stop, saddening

mehafuz
 - 
Saturday, 13 Feb 2016

You have to stop state sponsored terrorism before any peace is viable-you have to get off your backside & fight for it.

mehafuz
 - 
Saturday, 13 Feb 2016

India stop state sponsored terrorism in Nepal.

karan johar
 - 
Saturday, 13 Feb 2016

won't stop until state sponsored terrorism stops which won't happen anytime soon.

shaid kahan
 - 
Saturday, 13 Feb 2016

All countries of the world must oppose the terrorism in one voice.It is time to stop state sponsored all types of terrorism too
0 retweets 0 likes

shainy shah
 - 
Saturday, 13 Feb 2016

we must demand that our government stop the state sponsored terrorism in order to achieve political goals

shainy shah
 - 
Saturday, 13 Feb 2016

No one who ever cites the UN resolution ever calls for one to stop state sponsored terrorism, which begs the question who started what & when

ayesha
 - 
Saturday, 13 Feb 2016

how is that feasible to stop when terrorism is state sponsored option & actors have been getting away with it 4 decades

mohammed bin t…
 - 
Saturday, 13 Feb 2016

First stop state-sponsored #terrorism and human rights abuses in SaudiArabia

Mohammed shah
 - 
Saturday, 13 Feb 2016

Let's seriously STOP funding State-Sponsored Terrorism Israel lobbies to cut ICC funding

jeevan
 - 
Saturday, 13 Feb 2016

Stop state sponsored terrorism & corruption. Live and let live.

prakash
 - 
Saturday, 13 Feb 2016

Remember that: For the first time a country asked India to stop state sponsored terrorism. Bangladesh pointed out at WB Gov.

Divya
 - 
Saturday, 13 Feb 2016

U.S must stop repeating this rotten statement n pressurize Pakistan to end state sponsored cross border terrorism

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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Agencies
July 24,2020

Mumbai, Jul 24: Reliance India Limited (RIL) on Friday overtook ExxonMobil to become the world's second most valuable energy company and 46th among the world's largest companies by market capitalisation.

RIL's market capitalisation stood at Rs 14.16 lakh crore (USD 189.3 billion) at market close on Friday. ExxonMobil's current market value is USD 184.77 billion.

"Reliance Industries, with a market capitalisation of USD 189.3 billion now is the second-most valuable energy company in the world. Reliance Industries now stands at 46th among the world's largest companies by market capitalisation ahead of well-known names like ExxonMobil, Abbott Laboratories, Oracle Corp, Chevron and Unilever Plc, and just below PepsiCo," RIL said in an official release.

RIL continued its rally on Friday, notwithstanding overall weak market conditions.

RIL shares made a new all-time high of Rs 2,163 and were last traded at Rs 2,148.8 on NSE with a gain of 4.4 per cent. The market capitalisation of fully paid-up shares stands at Rs 13.62 lakh crore (USD 182.06 billion), the release said.

Reliance partly paid-up shares gained 9.33 per cent on NSE today to last trade at Rs 1289.95. The partly paid-up shares now have a market capitalisation of Rs 0.55 lakh crore (USD 7.29 billion).

"Reliance's share price had touched a bottom of Rs 867 on March 23, 2020, when the total market value of the company stood at Rs 5.5 lakh crore or $73.5 billion. Thus, RIL has added $115.9 billion to shareholder wealth within just four months - one of the highest value creation feats in the world in such a short time," the release said.

Reliance had earlier raised Rs 212,809 crore through Rights Issue, combined investments in Jio Platforms and investment by bp.

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Agencies
August 4,2020

Lucknow, Aug 4: Rashtriya Swayamsewak Sangh (RSS) Chief Mohan Bhagwat on Tuesday left for Ayodhya to attend foundation laying ceremony of Ram Temple tomorrow.

The Prime Minister is scheduled to lay the foundation stone of the Ram temple in Ayodhya on August 5. The construction of Ram temple will begin in Ayodhya after the said ceremony in which various dignitaries from political and religious fields are scheduled to participate.

Bhagwat, along with PM Modi, Uttar Pradesh Chief Minister Yogi Adityanath, Governor Anandiben Patel and President of Ram Mandir Trust, Nitya Gopal Das will be present on stage for the event.

Supreme Court, on November 9 last year, had directed the Central government to hand over the site at Ayodhya for the construction of a Ram temple.

The formation of Shri Ram Janmabhoomi Teertha Kshetra Trust was announced on February 5 for the construction of Ram temple at Ayodhya. The Trust has been mandated by the Central government to oversee the construction of Ram temple in Ayodhya.

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