Govt ready to address 'grievances': PM on Kashmir

August 12, 2016

New Delhi, Aug 12: Prime Minister Narendra Modi today said the government was ready to address "grievances" of all sections of people in Jammu and Kashmir as per the Constitution but made it clear that there cannot be any compromise with the nation's integrity.narendra-modi

Modi, who chaired an all-party meeting on Kashmir attended by its ruling ally PDP and opposition parties, also termed cross-border terrorism supported by Pakistan as the root casue of turbulence in the valley.

During the marathon four-hour-long meeting, which comes in the wake of continued unrest in Kashmir after the killing of Hizbul commander Burhan Wani on July 8, some opposition parties asked the government to take a few immidiate confidence-building measures like putting an end to the use of pallet guns and relaxing AFSPA in some parts of the valley.

It was also suggested that an all-party delegation should visit Kashmir to assess the situation but the government did not make commitments regarding any of their demands.

Asserting that the Centre was committed to finding a permanent and peaceful solution as per the basic principles of the Constitution, Modi said "we all are committed to this national sentiment that there cannot be any compromise with the country's regional integrity."

"We are ready to address the grievances of all sections under the Constitution," the Prime Minister said.

This is the second time in less than a week Modi has reached out to the people of the state and shown willingness towards dialogue with all stake-holders there.

He also used the platform to hit out at Pakistan for its screwed human rights violations in Pakistan-occupied-Kashmir and Balochistan and said it will have to answer to international community for the atrocities it was committing there.

Sharing the main points of his government's Kashmir policy, Modi asked the External Affairs Ministry to try to contact citizens of Pakistan-occupied Kashmir, living in different parts of the world, to get details of the area's pitiable condition and share them with the international community.

The government's efforts include reaching out to the civil society and speed up measures to integrate Kashmir's youth with the state's economic activities.

Seeking support of all political parties, the Prime Minister said, "When terrorism is on the rise across the world and when we are encircled by terrorism sponsored by the neighbouring country, then we will have to be united in this fight. The government expects constructive support from all opposition parties on this."

"I have complete confidence that with the dedication of the state government and with your total cooperation we will soon restore normal life in Jammu and Kashmir again," he said as he praised Chief Minister Mehbooba Mufti's government, in which BJP is a partner, for its "careful handling" of the issue despite odds.

Like every Indian, he also felt "deep pain" over the events in the state, he said, adding it was painful that students were unable to study, apples produced in large quantity in the valley were not reaching markets and government offices were unable to carry out public welfare works.

"Whoever be killed, whether civilians or security forces, we all feel the pain. I have full sympathies with their families. We are committed to providing good health care to the injured and also towards restoring peace in the valley so that people could live their normal lives..." he said in his concluding remarks.

Invoking former Prime Minister Atal Bihari Vajpayee again, he said his government would follow the path shown by him, a reference to the former Prime Minister's offer to hold dialogue under the framework of 'insaniyat (humanity), jamhuriyat (democracy) and Kashmiriyat'.

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News Network
April 3,2020

New Delhi, April 3: The total number of coronavirus cases in India on Friday climbed to 2301, including 156 cured and discharged and 56 deaths, said the Ministry of Health and Family Welfare.

At present, there are 2088 COVID-19 active cases in the country.

"A total number of COVID-19 positive cases rises to 2301 in India, including 156 cured/discharged, 56 deaths and 1 migrated," said the Health Department.

The highest number of positive cases of coronavirus was reported from Maharashtra at 335, including 16 deaths, followed by Tamil Nadu (309 and 6 deaths) and Kerala (286 and 2 deaths).

There are 219 coronavirus positive cases in the national capital, including 8 cured and discharged and 4 deaths.

The states which have crossed 100-mark for COVID-19 positive cases also include Andhra Pradesh (132), Karnataka (124), Rajasthan (133) and Telangana (107).

While 18 people were detected positive for coronavirus in Chandigarh, 70 cases were confirmed from Jammu and Kashmir and 14 from Ladakh.

In North-East, one COVID-19 case each has been confirmed from Mizoram and Assam, and two in Manipur.

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News Network
February 9,2020

Srinagar, Feb 9: Authorities on Sunday snapped mobile internet services in Kashmir as a precautionary measure to prevent any law and order disturbance on the seventh death anniversary of Parliament attack convict Mohammad Afzal Guru, officials said.

The mobile internet services were suspended early in the morning as the authorities apprehended violence in the valley in view of the bandh call given by separatist outfits, the officials said.

The authorities had restored 2G internet services in Kashmir on January 25, more than five months after snapping all communication facilities in the valley following abrogation of Article 370 on August 5 last year.

Police on Saturday lodged an FIR against the banned Jammu Kashmir Liberation Front (JKLF) for calling a strike on Afzal Guru's death anniversary.

Guru was hanged in 2013 inside Tihar jail for his role in the Parliament attack in December 2001.

Two journalists were summoned by police for reporting the JKLF press release, which had called for strike on Sunday and Tuesday -- the death anniversary of the outfit founder Mohammad Maqbool Bhat.

They were let off after five hours of questioning. Bhat was hanged in 1984 and is buried inside Tihar jail.

Meanwhile, normal life in Kashmir was affected due to the strike, the officials said.

Markets and business establishments remained closed, while public transport was largely off the roads, they said.

There have been no reports of any untoward incident from anywhere in the valley so far, the officials added.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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