India-Pak relations to improve with Imran as PM: Navjot Sidhu

Agencies
August 2, 2018

Chandigarh, Aug 2: Cricketer-turned-politician Navjot Singh Sidhu today hoped relations between India and Pakistan would improve with Imran Khan becoming his country's prime minister, saying he was keen to attend the swearing-in.

"If I am allowed, then I will definitely go. It is a huge honour," Punjab's Local Bodies Minister said, while making clear that his participation would depend on permission from the Centre.

Sidhu said Khan's elevation could make real his dream of seeing the celebrations for the 550th birth anniversary of Guru Nanak Dev next year begin from Nankana Sahib in Pakistan.

BJP MP Subramanian Swamy slammed him for accepting the invitation, saying Sidhu's decision to go was treacherous as the new Imran Khan-led government will be a front for terrorists.

Sidhu heaped praises on the former Pakistan cricket captain, referring to him as a pure soul and someone who was seen as a Greek god .

"My personal opinion is that sportsmen break barriers. They unite people. I see a sportsman in great Imran khan and I see someone who will always do good for the mankind. I have great hopes that relations will improve," the minister told reporters.

I believe this could be a new era. This could be a new dawn and this could usher in an era of hope," he said.

Sidhu figures in the list of Indian celebrities who have reportedly been invited for Khan's swearing-in ceremony.

These include actor Aamir Khan and former cricketers Kapil Dev and Sunil Gavaskar.

Imran Khan's Pakistan Tehreek-e-Insaf has emerged as the single largest party in Pakistan's National Assembly after the July 25 general election, but lacks the numbers to form the government on its own.

Khan had reportedly said he would take oath as Pakistan's prime minister on August 11.

Asked whether Prime Minister Narendra Modi should attend the ceremony if he gets an an invitation, Sidhu said he was nobody to comment.

He is the prime minister of India and he is mature enough. I will mind my own business. It will be his prerogative. I am nobody. I respect him as prime minister of India," he said.

Thanking Khan for extending him the invitation, Sidhu said he has "personal relations" with the former cricketer.

"It is a great honour and wonderful gesture, he said.

Sidhu recalled how he first met Khan at Faridabad in 1983 during a cricket match, and they developed mutual respect.

"I saw him as a pure soul. I saw him as a selfless man who always worked for the team," said Sidhu.

"He was regarded as a Greek god. When I saw him from closer, I found him more than that," said Sidhu.

He also shared his experience of facing Khan's bowling attacks.

At a time when politics has become a profession, he said one could always trust Khan.

"He has been empowered to change the system," Sidhu said.

"He set up a world-class cancer hospital, and a free-of-cost service is provided to the patients," he said.

Sidhu said he wanted to take Punjab Chief Minister Amarinder Singh to Nankana Sahib in Pakistan to start the 550th birth anniversary celebrations of Guru Nanak Dev from his birthplace.

It appears that it could be a possibility with this honour. Now a lot could change," he said.

He also talked about the Kartarpur corridor to give access to Sikh devotees to another shrine in Pakistan, and about opening up the Hussainiwala border crossing.

"If a route between Karachi and Mumbai is open for the rich people, then why someone from Amritsar cannot have a biryani in Lahore and return the same day?"he said.

He batted for starting sports between Indian and Pakistani Punjabs.

"If the government says there are certain issues then they should be resolved," he added.

"The thaw must begin and the ice must melt. Someone must make a beginning. I see infinite possibilities with Khan Sahib," Sidhu said.

On drug smuggling from Pakistan, he said every issue which is connected with Punjab will be taken up.

Asked about the reported decision of Aamir Khan to not attend the swearing-in ceremony, Sidhu said he respected the actor's opinion.

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News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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Agencies
January 21,2020

Pune, Jan 21: The Pune session court on Tuesday rejected the bail application of accused Vikram Bhave in the Dabholkar murder case.
Last year, Pune Sessions Court had granted an extension of 90 days to the Central Bureau of Investigation (CBI) to file a charge-sheet against Bhave.

On August 17, 2019, the court had rejected Bhave's bail plea.

During the course of hearing, Special Public Prosecutor (SPP) Prakash Suryavanshi, appearing for the CBI, had in June last year contended that Bhave helped the assailants to escape.

The CBI had arrested Bhave and another accused Sanjeev Punalekar from Mumbai on May 25, 2019 in connection with the matter.

Founder of the Maharashtra Andhashraddha Nirmoolan Samiti (MANS), Dabholkar was shot dead by bike-borne assailants while returning home from a morning walk on August 20, 2013. 

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