Indian government, NSCN(IM) sign 'historic' Naga peace accord

August 4, 2015

New Delhi, Aug 4: In a bid to end insurgency in the northeastern state of Nagaland, the Government of India on Monday inked a historic peace accord with Naga militant group NSCN(IM).

NSCN

The landmark peace treaty was signed in the presence of Prime Minister Narendra Modi at his official 7, Race Course Road residence.

Home Minister Rajnath Singh, National Security Advisor Ajit Doval and government's interlocutor RN Ravi were also among those present on the occasion.

Thuingaleng Muivah signed the peace

accord with the Indian government on behalf of the Nationalist Socialist Council of Nagaland (Isaac-Muivah).

The signing of the peace pact is the culmination of over 80 rounds of negotiations that spanned 16 years with first breakthrough in 1997 when ceasefire agreement was sealed.

While the NSCN(IM) is the biggest Naga rebel group which has been maintaining the ceasefire, another faction led by SS Khaplang continues to indulge in violence and was believed to be behind the deadly attack on Army convoy in Manipur in June that left 18 soldiers dead and 18 injured.

It was not immediately clear whether the agreement meets the main demand of NSCN(IM) for integration of all Naga-inhabited areas in the Northeast across Manipur, Arunachal Pradesh and Assam.

Details and execution plan within this framework agreement will be released soon, official sources said.

“I thank god for this momentous occasion,” T Muivah said after signing the peace agreement.

“Under the leadership of PM Narendra Modi, we have come close to understanding each other and worked out a new relationship between the two parties,” the NSCN(IM) leader said further, and added, “let me assure you that Nagas can be trustworthy”.

T Muivah, general secretary of the NSCN(IM), was one of the key leaders who had spearheaded the rebel movement in Nagaland.

Speaking after the signing of the accord, PM Modi said that the Naga political issue, which lingered for six decades, took a huge toll on generations of Naga people.

Thanking T Muivah for his cooperation in signing the “historic” accord, the PM said, “I have the deepest admiration for the great Naga people for their extraordinary support to the peace efforts.”

“I sincerely thank Shri Isaac Swu, Shri Muivah and other Naga leaders for their wisdom and courage,” he added.

Modi rued that it took so long for the peace deal to be reached.

“Unfortunately, the Naga problem has taken so long to resolve, because we did not understand each other. It's a legacy of the British rule,” the PM said.

He said there were not many like Mahatma Gandhi, "who loved the Naga people and were sensitive to their sentiments. We have continued to look at each other through the prism of false perceptions and old prejudices."

“Today we mark not merely the end of a problem but the beginning of a new future. Today, to the people of Nagaland I want to say that your talents, tradition and efforts will make the nation stronger,” the PM added.

He said further, "We will not only try to heal wounds and resolve problems, but also be your partner as you restore your pride and prestige."

"Today's agreement is a shining example of what we can achieve when we deal with each other in a spirit of equality and respect, trust and confidence; when we seek to understand concerns and try to address aspirations; when we leave the path of dispute and take the high road of dialogue. It is a lesson and an inspiration in our troubled world," the Prime Minister said.

Stating that violence has never solved any problem, PM Modi said, “Since becoming Prime Minister last year, peace, security and economic transformation of the Northeast has been amongst my highest priorities.”

Before the agreement was signed in the evening, Modi spoke to leaders of various parties including former PM Manmohan Singh, Congress' Mallikarjun Kharge, SP chief Mulayam Singh Yadav, BSP's Mayawati, NCP supremo Sharad Pawar and CPI(M) general secretary Sitaram Yechury.

He also spoke to West Bengal Chief Minister Mamata Banerjee, her Tamil Nadu counterpart J Jayalalithaa besides the Nagaland Governor Padmanabha Acharya and Chief Minister TR Zeliang. He also called up DMK leader M Karunanidhi and JD(S) leader HD Deve Gowda.

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News Network
June 15,2020

New Delhi, Jun 15: A total of 1,15,519 samples of COVID-19 have been tested in the last 24 hours taking the total samples tested to 57,74,133 in the country, the Indian Council of Medical Research (ICMR) said.

"Total sample tested 57,74,133 and samples tested in the last 24 hours is 1,15,519," said ICMR.

With an increase of 11,502 cases in the past 24 hours, the COVID-19 count in India reached 3,32,424 on Monday, according to the Union Health and Family Welfare Ministry.

The COVID-19 count includes 1,53,106 active cases while 1,69,798 patients have been cured and discharged or migrated so far, and the toll due to COVID-19 has now reached 9,520.

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News Network
February 17,2020

Mumbai, Feb 17: The Shiv Sena on Monday said the ongoing preparation for the much awaited visit of US President Donald Trump is a reflection of the "slave mentality" of Indians.

Trump's India trip is like the visit of a "Badshah" (emperor), an editorial in Sena mouthpiece 'Saamana' said.

Taking a dig at the construction of a wall on a plot having several slum structures in Ahmedabad ahead of Trump's visit there, the Sena said the US president's trip would neither stop the fall of rupee's value in forex market nor offer betterment to those (slum dwellers) behind the wall.

"Before Independence, British King or Queen used to visit one of their slave nations like India. The kind of preparations going on from taxpayers' money for the arrival of Trump is similar to it. This reflects the slave mentality of Indians," it said.

The Sena also took a swipe at Prime Minister Narendra Modi over the Ahmedabad Municipal Corporation's (AMC) move to build wall on a plot to "hide the slums" on the route through which Trump's convoy would pass.

"Former prime minister Indira Gandhi had once given the slogan 'Garibi Hatao', which was ridiculed for a long time. It seems now Modi's plan is 'Garibi chupao' (hide poverty)," the Marathi publication said.

Is there any financial allocation for such a wall being built in Ahmedabad? Is the US going to offer loan to India to build such walls across the country? it wondered.

"We have heard Trump is going to be in Ahmedabad for only three hours but the wall construction is costing almost Rs 100 crore to the state exchequer," it said.

It is basically a political arrangement between Prime Minister Modi and US President Trump, the Sena claimed.

Last year, 'Howdy, Modi!' (a mega event jointly addressed by the Indian prime minister and Trump) was organised in the US, it noted.

A similar programme, "Kem Chho Trump" (Gujarati expression for how are you Trump), has been now organised (in Ahmedabad) ahead of the US elections, chiefly because of a sizable number of Gujarati people living in America, the Shiv Sena claimed.

"But this visit of President Trump is neither going to stop further fall of rupee in the forex market nor offer betterment to those behind the wall (being built in front of slums in Ahmedabad)," it said.

The Sena said Trump is "not someone very wise or a statesman or someone who cares for the whole world", but he has to be treated with respect as he represents the mighty US.

"Sometimes you have to treat someone with respect to get your things done," it quipped.

The AMC on Friday said the construction of the wall, around four feet in height, was approved much before Trump's Gujarat visit was finalised.

Trump is scheduled to visit Modi's home state Gujarat on February 24.

He will visit the famous Sabarmati Ashram in Ahmedabad and take part in a roadshow with Modi. After that, the two leaders will inaugurate a new cricket stadium in Motera and address a gathering there, with an expected audience of over a lakh people.

While it was earlier speculated that the programme would be called 'Kem Chho Trump', the Ahmedabad Municipal Corporation on Sunday tweeted a series of posters confirming that the event is now christened as 'Namaste Trump', apparently to give it a pan-India appeal.

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Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

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