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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News Network
May 30,2020

May 30: A total of 513 domestic flights carrying 39,969 passengers were operated in India on Friday, Civil Aviation Minister Hardeep Singh Puri said on Saturday.

Domestic services resumed in India after a gap of two months due to the coronavirus lockdown. Indian carriers have operated a total of 1,827 flights till Thursday -- 428 on Monday, 445 on Tuesday, 460 on Wednesday and 494 on Thursday.

Puri said on Twitter on Saturday: "Day 5. 29th May till 2359 hrs. Departures 513. 39,969 passengers handled. Arrivals 512. 39,972 passengers handled." A departure is counted as a flight during the day.

During the pre-lockdown period, Indian airports handled around 3,000 daily domestic flights, aviation industry sources said.

In February, when the lockdown was not imposed, around 4.12 lakh passengers travelled daily through domestic flights in India, according to Directorate General of Civil Aviation (DGCA) data.

Airports in West Bengal, Andhra Pradesh, Maharashtra, Telangana and Tamil Nadu have been allowed to handle a restricted number of daily flights as these states do not want a huge influx of flyers amid the rising number of COVID-19 cases.

While domestic services resumed in Andhra Pradesh on Tuesday, they restarted in West Bengal on Thursday.

Though domestic flight operations across the country began on May 25, they could not be restarted in Kolkata and Bagdogra as the West Bengal machinery was involved in relief and restoration work after cyclone Amphan's devastation.

A total of 16 asymptomatic passengers on seven different flights, including 13 who travelled by IndiGo, have tested positive for COVID-19 since the resumption of domestic air services.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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Agencies
March 6,2020

New Delhi, Mar 6: After Yes Bank was placed under moratorium, digital payments were impacted as PhonePe, which depends on the cash-strapped lender for its transactions, could not operate.

It can be noted that the bank's own net banking facilities have not been operational since last evening. Other fintech operators who rely on Yes Bank to settle their transactions are also down.  “We sincerely regret the long outage. Our partner bank (Yes Bank) was placed under moratorium by RBI. Entire team's been working all night to get services back up asap (as soon as possible),” the app's chief executive Sameer Nigam tweeted early in the morning.

PhonePe, one of the country's largest digital payment platforms, is dependent on Yes Bank to process its transactions.

He added that the app hopes to be live in a “few hours”.

Yes Bank placed under a moratorium Thursday evening, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board.

Yes Bank will not be able to grant or renew any loan or advance, make any investment, incur any liability or agree to disburse any payment.

For the next month, Yes Bank will led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

He added that the app - one of the most popular interfaces for UPI transactions - hopes to be live in a “few hours”.

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