Desi rocket launcher, explosives recovered from terror module: NIA

Agencies
December 26, 2018

New Delhi, Dec 26: A country-made rocket launcher, 12 pistols, 100 alarm clocks, 100 mobile phones, 135 SIM cards and laptops were among the other things recovered by the National Investigation Agency after busting an ISIS-inspired terror module on Wednesday.

Inspector General of Police (NIA) Alok Mittal said the module was planning attacks on important political and security offices in Delhi.

The agency said the "highly-radicalised module" was completely self-funded and no criminal antecedent of its members had surfaced so far.

"It was a self-funded group. They stole gold ornaments from their homes and sold it to fund their activities. They were planning to detonate a remote-controlled bomb or a fidayeen kind of attack," Mittal said.

Mittal said that questioning of those nabbed would reveal vital information about the module, their plans and handlers.

The arrested suspects also tried to make bullet-proof fidayeen vest. It was recovered from Amroha.

Those arrested include the alleged mastermind, 29-year-old Mohammed Sohail, a 'mufti', or a Muslim legal expert empowered to give rulings on religious matters, from Amroha in western Uttar Pradesh, an engineering student of a private university in Noida and a third-year graduation student in humanities as well as two welders, he said.

Mittal added that the agency found a video where Sohail is demonstrating how to complete a bomb circuit.

During the searches, conducted across 17 locations, the agency recovered a huge cache of handmade weapons, including a yet to be tested rocket launcher, material for suicide vests, 12 locally made pistols, hundreds of live rounds of bullets, 100 mobiles and 135 SIM cards, he disclosed.

The agency also recovered Rs 7.5 lakh in cash and 25 kilograms of bomb making ingredients - potassium nitrate, potassium chlorate, sugar paste and sulphur.

Giving details of the initial investigation by the agency, Mittal said the suspects had done a reconnaissance of vital government installations and planned to target political personalities and other important people.

"The level of preparation showed they were planning to carry out fidayeen attacks in near future," he said.

According to investigations, the module was founded about three-four months ago by Sohail who brought all its members together. They remained in touch through data-based messaging applications WhatsApp and Telegram.

Surveillance of suspected members of the group started after the agency got inputs about their plans.

Seeing their alarming pace of progress, the agency decided to bust the group with help from Delhi Police's Special Cell and Uttar Pradesh Police's Anti-Terrorist Squad.

The NIA believes the module has foreign-based handler(s) but their identity and location are still being probed.

"So far, no criminal record of any of the arrested members of the module has surfaced. It looks like they were self-trained and self-motivated through internet," Mittal said.

The officials refused to comment on media reports quoting other agencies involved in the operation that RSS headquarters and Delhi Police headquarters were also on the hit list.

"They (other agencies) can say whatever they feel like. But being the investigating agency of this case... we cannot make any such claim unless we have some corroborative material to support it," a senior NIA officer said requesting anonymity.

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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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News Nerwork
June 7,2020

New Delhi, Jun 7: Rain lashed some parts of the Delhi-NCR on Sunday morning.

The India Meteorological Department (IMD) has predicted partly cloudy sky with possibility of development of thunder lightning for three days from June 10 onwards with minimum and maximum temperature will hover around 29° Celcius and 42° Celcius respectively.

Strong surface winds during day time have been predicted for today by IMD.

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News Network
March 18,2020

Washington, Mar 18: Hundreds of distressed Indian students, stuck in the Philippines, are seeking help through video messages as they are unable to fly back home due to the travel restrictions imposed by India to contain the spread of the deadly novel coronavirus, according to friends and relatives of some of these students in the US.

The Indian government on Tuesday banned the entry of passengers from Afghanistan, Philippines and Malaysia to India with immediate effect amid stepped up efforts against the spread of COVID-19.

In a video message by one of these students Akhil Bala Nair, around 200 Indian students had booked their flight tickets for India in the next few days. But all of them have been cancelled due to the new policy.

Most of the students, she said, had booked their flights for March 17 and rest were schedule to travel to India on March 19 and 20. But the flights were cancelled and scores of Indian students are now stuck at the airport in Manila, Nair said in the video message sent to Prem Bhandari, head of the Jaipur Foot USA.

“It is need of the hour that the Indian government send a plane to bring these Indian students back home,” Bhandari, who in the past has worked for the cause of the Indian diaspora, and who was approached by these students told PTI.

According to these students, some 100 of them have been at the airport since Tuesday.

They all have confirmed tickets but the airport authorities are not allowing them to check in because of the new travel regulations.

While the airport authorities have asked them to go back to their respective place of residence, the students said they were unable to travel because of the absence of local taxi or shared ride services.

The students said that they are running out of time as the Philippines government has given them 72 hours time to exit the country, which started from March 16, after which the country will go into lockdown.

“This means we would not be able to travel anywhere outside Philippines after March 20,” Nair said in her message.

The students said that there are many of them who have applied for renewal of their visas and are unable to travel to India.

There are nearly 1,000 Indian students presently in Manila who are willing to travel back home, they said.

Meanwhile, the Indian Embassy in Manila, in a tweet, said that they, along with the Ministry of External Affairs, are trying to work out a solution.

“It is requested to all to kindly have patience,” the embassy said.

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