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US to begin process to move embassy to Jerusalem: Tillerson

Agencies
December 7, 2017

Washington, Dec 7: The US will immediately begin the process to move its embassy from Tel Aviv to Jerusalem, Secretary of State Rex Tillerson has said, hours after President Donald Trump recognised the holy city as Israel's capital.

In a major announcement, Trump recognised Jerusalem as Israel's capital yesterday despite warnings from the Arab leaders, reversing decades of US and international policy on the holy city.

"The State Department will immediately begin the process to implement this decision by starting the preparations to move the US Embassy from Tel Aviv to Jerusalem," Tillerson said.

The President Trump's decision to recognise Jerusalem as Israel's capital aligns the US presence with the reality that Jerusalem is home to Israel's legislature, Supreme Court, president's office, and prime minister's office, Tillerson said in a statement.

"We have consulted with many friends, partners, and allies in advance of the President making his decision. We firmly believe there is an opportunity for a lasting peace," he said.

Tillerson said the the safety of Americans was the State Department's highest priority, and with other federal agencies, it has implemented robust security plans to protect its citizens in affected regions.

In his landmark announcement, Trump said consistent with the Jerusalem Embassy Act, he was directing the State Department to begin preparation to move the American Embassy from Tel Aviv to Jerusalem.

"This will immediately begin the process of hiring architects, engineers and planners, so that a new embassy, when completed, will be a magnificent tribute to peace," he said.

The controversial decision received mixed reactions.

"I have long believed that Jerusalem is the true capital of Israel. However, issues surrounding the final and permanent status of Jerusalem must ultimately be resolved by Israelis and Palestinians as part of an internationally supported peace process," Senator John McCain said.

"That is why today's policy announcement, as well as any future relocation of the US Embassy in Israel from Tel Aviv to Jerusalem, should be part of a comprehensive diplomatic strategy in coordination with regional partners to achieve peace and security between Israelis and Palestinians," he said.

Democratic Senator Tim Kaine, member of the Senate Foreign Relations Committee, said the reaction from across the world is "troubling", including from important allies of Israel, and asserted that the announcement could have "destabilising consequences" for a region already rife with tensions.

"I am worried about the impact of this decision on the safety of US personnel overseas and have raised my concerns with the State Department to ensure sufficient security measures are in place at all US embassies and consulates," he said.

Another Democratic leader Nancy Pelosi rued that in the absence of a negotiated settlement between Israel and the Palestinians, moving the US embassy to Jerusalem now may "needlessly spark mass protests, fuel tensions, and make it more difficult to reach a durable peace".

Senator Marco Rubio said, "Today's announcement is an important step in the right direction. Unequivocal recognition of Jerusalem as Israel's capital will be complete when the US embassy is officially relocated there".

Following the Trump's decision, many Arab leaders warned that it could trigger an upheaval in the already volatile Middle East.

Comments

M Parson
 - 
Friday, 8 Dec 2017

This is outmost blunder by USA & Israel. Palestinian gave Israel people to live on their land. Today they acquired the place & now they say its their. Trump will never have natural death. Its known fact that USA admin call Israeli as their father before they any decision. One day inn sha Allah these Israel people will be paid for the things which they have done to Palestinian people. USA being such big country is afraid of Israel. Hum kisi se kum nahii Hamare Dash mein dum nahii

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News Network
April 27,2020

Riyadh, Apr 27: The government of Saudi Arabia has signed a SR995 million (approx. Dh972m) contract with China to provide Covid-19 tests for nine million people in the Kingdom.

The Saudi Press Agency, SPA, reported that the decision came "as a result of a phone call made today (Sunday) between the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Chinese President Xi Jinping."

The contract includes providing necessary equipment and supplies, making available of 500 Chinese specialists and technicians who are specialised in performing tests, establishing six large regional laboratories throughout the Kingdom; including a mobile laboratory with a capacity of performing 10,000 tests per day. Saudi cadres will also be trained to conduct daily tests and comprehensive field tests, under the new agreement

The contract was co-signed by the National Unified Procurement Company and Chinese company Huo-yan Laboratories by Dr. Abdullah Al Rabeeah, Advisor at the Royal Court, on behalf of the Government of Saudi Arabia, and Chinese Ambassador to the Kingdom Chen Weiqing, as a representative of the Chinese Government.

The contract is one of the largest contracts that will provide diagnostic tests for the novel Coronavirus.

Tests were also purchased from several other companies from the United States, Switzerland and South Korea, bringing the number of available tests to 14.5 million, covering around 40 percent of Saudi Arabia's population, SPA added.

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Agencies
July 30,2020

Mumbai, Jul 30: Counterfeiting incidents have increased 24 per cent in the country in 2019 over the previous year, creating an over Rs 1 lakh crore hole in the economy, according to a report.

The report also said counterfeiters are having a free run due to the pandemic-driven disruptions to organised supply chains and the resultant spike in consumer demand.

According to the report by ASPA, a self-regulated industry body of anti-counterfeiting and traceability solutions providers, counterfeiting has risen steadily in the last few years, and exploiting the pandemic as a cover for their activities.

Between February and April 2020, over 150 incidents of counterfeiting cases were reported, mostly about fake PPE kits, sanitisers and masks taking advantage of the high demand for these products, it noted.

"There was a 24 per cent increase in counterfeiting in 2019 over 2018, leading to the loss of more than Rs 1 lakh crore to the overall economy," said Nakul Pasricha, president of Authentication Solution Providers Association.

The association works with global authorities like the International Hologram Manufacturers Association, Counterfeit Intelligence Bureau of the Interpol, and domestic industry lobbies like Ficci, he said.

Counterfeiting is a universal issue and is 3.3 per cent of global trade, according to the OECD data, impacting social and economic development across the world.

The report lists the currency, FMCG, alcohol, pharma, documents, agriculture, infrastructure, automotive, tobacco, lifestyle and apparel, as the 10 sectors impacted most by counterfeiting.

Among these, currency, alcohol and FMCG continue to be the top three sectors with the highest counterfeiting in the last two years. The FMCG sector is most vulnerable, as counterfeit incidents rose 63 per cent between 2018 (79) and 2019 when the reported cases jumped to 129.

Within the states, the fakers have a free run in Uttar Pradesh, Bihar, Rajasthan, Madhya Pradesh, Bengal, Punjab, Jharkhand, Delhi, Gujarat, and Uttarakhand, calling for urgent actions to frame anti-counterfeiting policy measures.

According to the report, UP continues to be on top followed by Bihar, Rajasthan, and together these three states represent almost 45 per cent of all counterfeiting reported in the last two years.

What is more alarming is that counterfeiting is not limited to high-end luxury items today, as common everyday items as fake cumin seeds, mustard cooking oil, ghee, hair oils, soaps, baby care vaccines and medicines are aplenty in the markets.

"There is an urgent need for building and nurturing authentication ecosystems in the country with the active involvement and active participation of all stakeholders," said Pasricha.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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