India, US should go for pre-emptive strikes, destroy Pak's N-assets: Ex-US senator

News Network
September 26, 2017

Mumbai, Sept 26: Suggesting that each India and the US conduct pre-emptive strikes inside Pakistan to destroy its nuclear websites (the place weapons have both already been saved or are being made), former US Senator Larry Pressler informed on Monday that Donald Trump might turn into one of the best American president but for India as he had lately put Pakistan on discover for harbouring terrorists.

However for this to occur, Trump must get across the Pentagon, which at all times inspired Pakistan, he stated. Such encouragement emboldened Pakistan to assault India as “the mom of terrorism” and “predator” on the UN common meeting session on Sunday, he added. Trump’s description of the Pentagon as “a swamp” was a very good signal, he famous, hoping the US president would drain it quickly (as he’d promised).

A 3-term Senator and twice a member of the Home of Representatives, Pressler (75) authored the well-known Pressler Modification which in 1990 blocked US navy assist to Pakistan when the then US President George H W Bush couldn’t certify Pakistan was not creating nukes.

Because the supply of near 30 F-16 plane to Islamabad was barred, Pressler, then a Republican and head of the Senate’s arms management subcommittee, grew to become one thing of a hero in India and, in his personal phrases, “a satan in Pakistan.” His new e-book, Neighbours in Arms, engagingly tells the story of the modification and of the US overseas coverage that enabled Pakistan to develop nuclear weapons and casts a extreme highlight on the tradition of lobbying in Washington and the grip of the military-industrial state (“the Octopus”) contained in the US.

Pressler has lengthy distanced himself from the Republican Celebration — he contested Senate polls as an Impartial in 2014 and backed Hillary Clinton within the 2016 Presidential polls — however regardless of variations with Trump, he feels the president just isn’t doing half as badly as US media suggests.

Trump’s warning to Pakistan on its sheltering and export of terror, linking of US assist to “motion on terror” and his request to India to “assist us extra with Afghanistan” signalled a recasting of relations.

The ex-Senator hopes Trump will act on the discover.

“US should declare Pakistan a terrorist state, minimize off all assist and should not deal with India and Pakistan as equals. India is a democracy, Pakistan is not. And Pakistan and particularly the ISI have lied to us for many years,” he stated.

All reward for PM Modi, the Vietnam veteran stated it was good the Modi authorities was robust with Pakistan.

He referred to as the denial of a US visa to Modi when the latter was Gujarat CM “a stain” on the US. He was crucial of India, nonetheless, for allegedly handing out hundreds of thousands to lobbyists in Washington. “Pakistan began this lobbying. India does not have to do it,” he stated. He stated Pakistan could not have developed nuclear weapons if US had stopped assist.

Having labored carefully with many US presidents, he felt Ronald Reagan had been very receptive to his concepts on nuclear non-proliferation and his views on Pakistan’s duplicity however had been hemmed in by “Octopus” mandarins. And Invoice Clinton had, on his 2001 journey to India (Pressler was a part of that delegation), given the impression that he beloved the nation and its folks however had, in actuality, repealed the Pressler Modification and inspired navy provides to India’s hostile neighbour.

Pressler was criticised when, within the 1990s, he had expressed issues about an “Islamic bomb.” He stated he stood vindicated in the present day and that the expansion of ISIS and related teams led him to worry that fundamentalist organisations – and never particular person states – might create a “Caliphate.”

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Agencies
February 11,2020

New Delhi, Feb 11 Congress's performance touched a record low in the Delhi Assembly election as the party bagged less than 5 per cent of the total votes polled and 63 of its candidates lost their deposits.

The party, which ruled Delhi for 15 years on the trot under former Chief Minister Sheila Dikshit, failed to open its account for the second consecutive assembly election in Delhi.

Only three of its candidates Arvinder Singh Lovely from Gandhi Nagar, Devender Yadav from Badli and Abhishek Dutt from Kasturba Nagar managed to save their deposits.

Security deposit of a candidate is forfeited if he/she fails to secure one-sixth of the total valid votes cast in a constituency.

Most of Congress candidates got less than 5 per cent of the total votes polled in their respective constituencies.

Delhi Congress chief Shubhash Chopra's daughter Shivani Chopra, who was the party candidate from Kalkaji, also could not save her deposit.

Former Delhi Assembly Speaker Yoganand Shastri's daughter Priyanka Singh also forfeited her deposit.

The party's campaign committee chairman Kirti Azad's wife, Poonam Azad, lost badly and stood fourth, polling only 2,604 (2.23) votes.

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Agencies
July 15,2020

New Delhi, Jul 15: Air India has started the process of identifying employees, based on various factors like efficiency, health and redundancy, who will be sent on compulsory leave without pay (LWP) for up to five years, according to an official order.

The airline's board of directors have authorised its Chairman and Managing Director Rajiv Bansal to send employees on LWP "for six months or for a period of two years extendable upto five years, depending upon the following factors - suitability, efficiency, competence, quality of performance, health of the employee, instance of non-availability of the employee for duty in the past as a result of ill health or otherwise and redundancy", the order said on Tuesday.

The departmental heads in the headquarter as well as regional directors are required to assess each employee "on the above mentioned factors and identify the cases where option of compulsory LWP can be exercised", stated the order dated July 14.

"Names of such employees need to be forwarded to the General Manager (Personnel) in headquarter for obtaining necessary approval of CMD," the order added.

In response to queries regarding this matter, Air India spokesperson said,"We would not like to make any comment on the issue."

Aviation sector has been significantly impacted due to the travel restrictions imposed in India and other countries due to the coronavirus pandemic. All airlines in India have taken cost-cutting measures such as pay cuts, LWP and firings of employees in order to conserve cash flow.

For example, GoAir has put most of its employees on compulsory LWP since April.

India resumed domestic passenger flights from May 25 after a gap of two months due to the coronavirus pandemic.

However, the airlines have been allowed to operate only a maximum of 45 per cent of their pre-COVID domestic flights. Occupancy rate in Indian domestic flights has been around 50-60 per cent since May 25.

Scheduled international passenger flights continue to remain suspended in India since March 23.

The passenger demand for air travel will contract by 49 per cent in 2020 for Indian carriers in comparison to 2019 due to COVID-19 crisis, said global airlines body IATA on Monday.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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