Terrorism one of the foremost threats to global peace, says Sushma

Agencies
April 5, 2018

Baku, Apr 5: Terrorism is one of the foremost threats to international peace and security as it maims and kills "our citizens", and undermines the ability to attain development goals, External Affairs Minister Sushma Swaraj said on Thursday.

Addressing the 18th mid-term ministerial meeting of the Non-Aligned Movement (NAM) here, Sushma also pushed for reforms of the United Nations Security Council.

She said that no effort to reform the UN will be complete without reforms of the United Nations Security Council.

India had been strongly pushing for completing the long-pending reforms of the powerful Security Council.

Sushma said that terrorism is one of the foremost threats to international peace and security.

"It maims and kills our citizens and undermines our ability to attain our development goals.

"Unfortunately, the talks about combating terrorism have not been matched by our actions. The strengthening and implementation, without double standards of existing international laws and mechanisms to fight the menace of terrorism is an imperative," the minister said.

The meeting was chaired by Jorge Arreaza, Foreign Minister of the Bolivarian Republic of Venezuela.

In 1996, India proposed a Comprehensive Convention on International Terrorism (CCIT) as a way to strengthen the existing legal framework. Yet after more than two decades, discussions have made little progress even while terrorists continue to operate with greater impunity and inhumanity, the minister said.

"As a first step, let us renew our commitment to finalise the CCIT. NAM countries must galvanise the international community towards this goal," Sushma said.

At the last UN General Assembly High Level segment, a strong desire was voiced by the international community for change and reforms at the United Nations, she said.

"To date, the Inter-Governmental Negotiation process, has been carefully nurtured into a credible collective process for negotiation on this important subject.

"The time has come to move to the next phase and commence text-based negotiations a demand made by an overwhelming majority of UN members including most NAM members," she said.

"India's support to the Palestinian cause has been a reference point of our foreign policy. At this juncture, this would be a good way for NAM to manifest its solidarity with the Palestinian people," Sushma said.

At the recent meeting in Rome to deal with the financial crisis faced by the United Nations Relief and Works Agency (UNRWA), India decided to increase its contribution to the UNRWA budget from $1 million to $ 5 million, on a multiple year basis, in view of the dire financial crisis that this body now faces.

"The challenges we face today such as nuclear escalation, armed conflict, refugee flows, terrorism, poverty and worsening environmental degradation all require more effective multilateralism. The fundamental values and principles on which the Non Aligned Movement is based are, therefore, even more relevant today.

"In 2015, we adopted the Sustainable Development Goals (SDGs) to find solutions of the developmental challenges we face. We also promised that no one will be left behind. Genuine global partnerships have to be forged if the SDGs are to be achieved. Financing for Development is, therefore, of utmost importance to NAM countries," Sushma said.

Protecting the environment of the planet is a moral responsibility. Global action on the basis of the principle of common but differentiated responsibilities and respective capabilities is now an even greater imperative, she said.

India along with France launched the International Solar Alliance through which more than 60 countries have joined to promote greater use of solar energy, she said.

"Finding energy sources that are cost-effective, environmentally sustainable will be vital for achieving our SDGs, while ensuring that we protect mother Earth for future generations," Sushma said.

NAM has been a votary of universal, non-discriminatory and verifiable nuclear disarmament and of pursuit of that goal through multilateralism.

India remains committed to the shared goal of the global elimination of nuclear weapons, Sushma added.

Comments

Abdullah
 - 
Thursday, 5 Apr 2018

Modi & RSS Terrprists are the Threat to Indian peace.

Wellwisher
 - 
Thursday, 5 Apr 2018

Mr.Sushma you are correct,  Please  brief your opinion and knowledge about terroris.

1. What is th meaning of terrorism

2. To whom you will call a terrorist

3. What to call the groups, which always ignite communal clash and attacke one inncoents

Hope you will give a respectful  explanation.

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Agencies
January 16,2020

New Delhi, Jan 16: The Arvind Kejriwal-led Delhi government on Thursday rejected the mercy plea of Mukesh, one of the convicts in the 2012 Nirbhaya case.

The mercy plea was then forwarded to Lieutenant Governor, who has now sent it to Union Ministry of Home Affairs.

The convicts were sentenced to death for raping a 23-year-old woman in a moving bus in the national capital on the intervening night of December 16-17, 2012.

The victim, who was later given the name Nirbhaya, had succumbed to injuries at a hospital in Singapore where she had been airlifted for medical treatment.

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News Network
January 27,2020

Jan 27: Bidders for Air India Ltd. will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier.

The entire company will be sold but effective control needs to stay with Indian nationals, according to preliminary terms published Monday. Bids are invited by March 17 with Ernst & Young LLP India as transaction adviser.

Air India, which started in 1932 as a mail carrier before winning commercial popularity, saw its fortunes fade with the emergence of cutthroat low-cost competition. The state-run airline has been unprofitable for over a decade and is saddled with more than $8 billion in debt.

Indian regulations allow a foreign airline to buy as much as 49% of a local carrier, while overseas investors other than airlines can buy an entire carrier. The government didn’t find a single bidder when it tried to sell Air India in 2018.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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