Iran: Protesters killed in anti-govt rallies

Al Jazeera
December 31, 2017

At least two protesters have been killed in rare anti-government protests in Iran, according to a semi-official Iranian news agency. 

The Mehr news agency said on Sunday that at least two people died on Saturday night in Dorud, a city in western Iran.

Habibollah Khojastepour, security deputy of the governor of Lorestan province, said the presence of "agitators" prevented a peaceful end to the protest, according to Mehr.

Khojastepour said neither police nor security forces fired at the protesters. He did not provide a reason for their deaths.

News of the fatalities came as Interior Minister Abdolrahman Rahmani Fazli warned demonstrators against disruptive behavior.

"Those who damage public property, disrupt order and break the law must be responsible for their behaviour and pay the price," Abdolrahman Rahmani Fazli said on state television early on Sunday.

Iranians began protesting on Thursday in the second city of Masshad, rallying against high prices.

The rallies have since gained momentum, spread to other cities, and are described as the largest in nearly a decade.

Saturday marked the third day of anti-government protests across Iran, when students and police clashed in Tehran.

Videos posted on Twitter by the New-York based Center for Human Rights in Iran appeared to show police in riot gear clashing with protesters outside the gates to the Tehran University.

A second video showed smoke-shrouded streets, purportedly from tear gas, in the same area.

Al Jazeera could not authenticate the footage, but semi-state news agency Fars also reported confrontations between police and protesters at Tehran University.

Meanwhile, tens of thousands of people across Iran attended preplanned pro-government rallies on Saturday to mark the end of unrest following the country's 2009 election.

State TV aired footage showing people in several cities waving flags and carrying banners bearing the image of Supreme Leader Ayatollah Ali Khamenei.

The large demonstrations, which were organised weeks ago, are held every year.

'They no longer fear security forces'

Potkin Azarmehr, a blogger who focuses on the secular pro-democracy struggle in Iran, told Al Jazeera that several groups have been protesting for some time "and now their slogans have become more radical". 

"They no longer seem to have that fear from security forces," he said.

Mahan Abedin, an Iran analyst at Middle East Eye, said the protests reflect the gap between ordinary Iranians and the political elite.

The protests appeared to be "articulated by people who ostensibly have purely economic motives", he said.

"I think in keeping with longstanding culture, inevitably these protests have become political.

"[President Hassan] Rouhani has the right attitude but his government riles people. This is a very elitist government, they are bureaucratic elites, technocratic elites - they are very distant from grievances of ordinary people."

Reports said activists on social media have called for a fourth day of protests on Sunday.

Meanwhile, the US has been quick to respond to developments, warning Tehran against arresting peaceful protesters.

US President Donald Trump has posted a series of tweets on Iran, most recently writing: "Oppressive regimes cannot endure forever. The world is watching!"

Under Trump's administration, Washington and Tehran have grown further apart, clashing on foreign policy issues such as the wars in Syria and Yemen and over the 2015 nuclear deal with world powers.

In response to Trump, Bahram Qassemi, spokesman for Iran's foreign ministry, called the US president's warnings "cheap, worthless and invalid", according to the semi-state news agency Fars.

"Iranian people feel no value for the opportunistic claims of the US officials and Mr. Trump, himself", Qassemi was quoted as saying.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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News Network
August 6,2020

New Delhi Aug 6: In a new twist in the Vijay Mallya case, a certain document connected with the case in the Supreme Court has gone missing from the apex court files. 

A bench comprising Justices U.U. Lalit and Ashok Bhushan adjourned the hearing to August 20.

It was hearing the review plea filed by Mallya against a July 14, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9,000 crore dues to banks despite repeated directions, although he had transferred $40 million to his children.

The bench was looking for a reply on an intervention application, which it seemed has gone missing from the case papers.Parties involved in the case sought more time to file fresh copies.

On June 19, the Supreme Court sought explanation from its registry regarding Mallya's appeal against the May 2017 conviction in the contempt case for not repaying Rs 9,000 crore dues to banks not listed for the last 3 years.

A bench comprising Justices Lalit and Bhushan had asked the Registry to furnish all the details including names of the officials who had dealt with the file concerning the Review Petition for last three years.

The bench said according to the record, placed before it, the review petition was not listed before the court for last three years. "Before we deal with the submissions raised in the Review Petition, we direct the Registry to explain why the Review Petition was not listed before the concerned Court for last three years," said the bench.In May 2017, the apex court held him guilty of contempt of court for transferring $40 million to his children, and ordered him to appear on July 10 to argue on the quantum of punishment.

The bench said let the explanation be furnished within two weeks. "The Review Petition shall, thereafter, be considered on merits," it added.In 2017, the apex court passed the order on a contempt petition against Mallya by a consortium of banks led by the SBI. 

The banks claimed Mallya transferred $40 million from Daigeo to his children's accounts, and did not use this money to clear his debt. Banks cited this as violation of judicial orders.

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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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