Israel bars entry to US congresswomen Rashida Tlaib, Ilhan Omar

Agencies
August 16, 2019

Jerusalem, Aug 16: Israel said on Thursday that it will bar two Democratic congresswomen from entering the country ahead of a planned visit over their support for a Palestinian-led boycott movement, a decision announced shortly after President Donald Trump tweeted that it would “show great weakness” to allow them in.

The move to bar Reps. Rashida Tlaib of Michigan and Ilhan Omar of Minnesota from visiting appeared to be unprecedented. It marked a deep foray by Israel into America’s bitterly polarized politics and a sharp escalation of Israel’s campaign against the international boycott movement.

The two newly-elected Muslim members of Congress are outspoken critics of Israel’s treatment of the Palestinians and have repeatedly sparred with Mr. Trump over a range of issues. Ms. Tlaib’s family immigrated to the United States from the West Bank, where she still has close relatives.

They had planned to visit Jerusalem and the West Bank on a tour organized by a Palestinian organization aimed at highlighting the plight of the Palestinians. It was not immediately clear if they had planned to meet with Israeli officials, and spokespeople for the two congresswomen did not immediately respond to a request for comment.

Prime Minister Benjamin Netanyahu said Israel is “open to critics and criticism,” except for those who advocate boycotts against it.

“Congresswomen Tlaib and Omar are leading activists in promoting the legislation of boycotts against Israel in the American Congress,” Mr. Netanyahu charged. He said their itinerary “revealed that they planned a visit whose sole objective is to strengthen the boycott against us and deny Israel’s legitimacy.”

Ms. Omar denounced the decision as “an affront” and “an insult to democratic values.”

“This is not a surprise given the public positions of Prime Minister Netanyahu, who has consistently resisted peace efforts, restricted the freedom of movement of Palestinians, limited public knowledge of the brutal realities of the occupation and aligned himself with Islamophobes like Donald Trump,” Ms. Omar said in a statement.

Shortly before the decision was announced, Mr. Trump had tweeted that “it would show great weakness” if Israel allowed them to visit. “They hate Israel & all Jewish people, & there is nothing that can be said or done to change their minds.” He went on to call the two congresswomen “a disgrace.”

The U.S. ambassador to Israel, David Friedman, endorsed the decision after it was made, saying Israel “has every right to protect its borders” against promoters of boycotts “in the same manner as it would bar entrants with more conventional weapons.”

Mr. Trump’s decision to urge a foreign country to deny entry to elected U.S. officials was a striking departure from the long-held practice of politicians from both parties of leaving their disputes at the water’s edge.

Democratic lawmakers unhappy

Democratic lawmakers in the U.S. Congress denounced Israel’s decision.

Top ranking Senate Democrat Chuck Schumer of New York said it was a sign of weakness instead of strength and “will only hurt the U.S.-Israeli relationship and support for Israel in America.” A close freshman colleague of the two lawmakers, Ayanna Pressley of Massachusetts, said Israel’s move is “bigoted, short sighted and cruel.”

Israel has sought to combat the BDS movement, which advocates boycotts, divestment and sanctions against Israeli businesses, universities and cultural institutions. The country passed a law permitting a ban on entry to any activist who “knowingly issues a call for boycotting Israel.”

Last month, Israeli ambassador to the U.S. Ron Dermer had said Israel would not deny entry to any member of Congress.

The interior ministry said in statement Thursday that “the state of Israel respects the American Congress, in the framework of the close alliance between the two countries, but it’s unacceptable to allow the entrance to the country of those who wish to harm the state of Israel, especially during their visit.”

Israel said it would consider any request from Ms. Tlaib to visit relatives on humanitarian grounds.

Supporters of the boycott movement say it is a non-violent way to protest Israeli policies and call for Palestinian rights. Critics say the boycott movement aims to delegitimize Israel and ultimately erase it from the map, replacing it with a binational state.

Israel often hosts delegations of U.S. representatives and senators, who usually meet with senior Israeli officials as well as Palestinian officials in the occupied West Bank. Israel controls entry and exit points to the West Bank, which it seized along with east Jerusalem and the Gaza Strip in the 1967 Mideast war. The Palestinians seek these territories for their future state.

MIFTAH, the Palestinian organization that was set to host Tlaib and Omar in the West Bank, issued a statement saying that Israel’s decision was “an affront to the American people and their representatives” and “an assault on the Palestinian people’s right to reach out to decision-makers and other actors from around the world.”

The move could further sharpen divisions among Democrats over Israel ahead of the 2020 elections. Republicans have amplified the views of left-wing Democrats like Tlaib and Omar to present the party as deeply divided and at odds with Israel. Democratic leaders have pushed back, reiterating the party’s strong support for Israel, in part to protect representatives from more conservative districts.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 2,2020

Feb 2: Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped as a proposal to scrap the dividend distribution tax for companies failed to impress investors.

"Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary."

India has gone from being the world’s fastest-growing major economy three years ago, expanding at 8%, to posting its weakest performance in more than a decade this fiscal year, estimated at 5%.

While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of spurring demand in the consumption-driven economy. Saturday’s budget just added to the glum sentiment.

Okay Budget

“It’s an okay budget but not firing on all cylinders that the market was hoping for,” said Andrew Holland, chief executive officer at Avendus Capital Alternate Strategies in Mumbai.

The government had limited scope for a large stimulus given a huge shortfall in revenues in the current year. The slippage induced Sitharaman to invoke a never-used provision in fiscal laws, allowing the government to exceed the budget gap by 0.5 percentage points. The result: the deficit for the year ending March was widened to 3.8% of gross domestic product from a planned 3.3%.

On Friday, India’s chief economic adviser Krishnamurthy Subramanian said reviving economic growth was an “urgent priority” and deficit goals could be relaxed to achieve that. The adviser’s Economic Survey estimated growth will rebound to 6%-6.5% in the year starting April.

The fiscal gap will narrow to 3.5% next year, as the government budgeted for gross market borrowing to rise marginally to 7.8 trillion rupees from 7.1 trillion rupees in the current year. A plan to earn 2.1 trillion rupees by selling state-owned assets in the year starting April will also help plug the deficit.

Total spending in the coming fiscal year will increase to 30.4 trillion rupees, representing a 13% increase from the current year’s budget, according to latest data.

Key highlights from the budget:

* Tax on annual income up to 1.25 million rupees pared, with riders

* Dividend distribution tax to be levied on investors, instead of companies

* Farm sector budget raised 28%, transport infrastructure gets 7% more

* Spending on education raised 5%

* Fertilizer subsidy cut 10%

Analysts said the muted spending plan to keep the deficit in check will lead to more downside risks to growth in the coming months.

“It is very doubtful that the increase in expenditure will push demand much,” Chakravarthy Rangarajan, former governor at the Reserve Bank of India told BloombergQuint, adding that achieving next year’s budget deficit goal of 3.5% of GDP was doubtful.

With the government sticking to a conservative fiscal path, the focus will now turn to central bank, which is set to review monetary policy on Feb. 6. Given inflation has surged to a five-year high of 7.35%, the RBI is unlikely to lower interest rates.

What Bloomberg’s Economists Say:

The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.

-- Abhishek Gupta, India economist

Governor Shaktikanta Das may instead focus on unconventional policy tools such as the Federal Reserve-style Operation Twist -- buying long-end debt while selling short-tenor bonds -- to keep borrowing costs down.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
February 10,2020

New Delhi, Feb 10: The government is set to privatise Central Electronics Ltd, a CPSE under the Department of Science and Technology, by selling its 100% stake with management control and has invited the Expression of Interest for the same by March 16.

The selected bidder will be required to lock in its shares for a period of three years during which it cannot undertake the sale of its stake in CEL, the PIM (Preliminary Information Memorandum) said.

"The government of India has 'in-principle' decided to disinvest 100 per cent of its equity shareholding in CEL (which is equivalent to 100 per cent of the total paid up equity share capital of CEL) through Strategic Disinvestment with transfer of management control (Strategic Disinvestment or Transaction)," DIPAM, the Disinvestment Department, said.

The process for the transaction has been divided into two stages, namely, Stage I and Stage II.

After BPCL and Air India, this is yet another CPSE which government is slated to privatise if it gets offers from bidders.

The government has set a challenging target of Rs 2.1 lakh crore disinvestment proceeds from CPSE sell-offs and IPOs, OFSs (Offer for sale) in the next fiscal and it going out all guns blazing to meet that target after revising this fiscal target of Rs 1.05 lakh crore to Rs 65,000 crore.

The Interested Bidders (which can also include employees of CEL) must have a minimum net worth of Rs 50 crore as on March 2019. DIPAM has released complete invitation Preliminary Information Memorandum (PIM) of CEL. Resurgent India Limited is the advisor to the Transaction.

CEL is a pioneer in the country in the field of Solar Photovoltaic (SPV) with the distinction of having developed India's first Solar cell in 1977 and first Solar panel in 1978 as well as commissioning India's first solar plant in 1992.

More recently, it has developed and manufactured the first crystalline flexible solar panel especially for use on the passenger train roofs in 2015.

Its solar products have been qualified to International Standards IEC 61215/61730. CEL is further working on development of a range of new and upgraded products for signaling and telecommunication in the railway sector.

In the SWOT analysis of the CPSE, DIPAM has stated under weakness that "the company has weak financial loss due to past losses, high manufacturing cost and non payment of dues by state nodal agencies affecting the financial position of the company".

The CPSE has adequate land for expansion, the SWOT analysis said adding "the CPSE faces threat of dumping of solar cells at very low rates which makes solar PV manufacturing industry unviable".

Entry of new players in the market for solar products and railway signalling systems also is cited as a threat.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Gulf News
April 12,2020

Dubai, Apr 12: Saudi Arabia reported 429 new cases of coronavirus, bringing the total number of infections in the country to 4462, the Ministry of Health announced on Sunday.

The ministry also confirmed 7 deaths bringing the total number of deaths in the kingdom to 59.

According to the ministry of health the number of recoveries are 41 cases, making total of recoveries 761.

Ministry also said that 40,000 have been quarantined since the beginning of the epidemic, and only 7,000 remain in quarantine, including those who recently returned from abroad.

Extension of curfew

Early on Sunday, King Salman approved the extension of curfew until further notice due to current rates of coronavirus spread, the official news agency SPA announced.

Earlier last week, Saudi Arabia imposed a 24-hour curfew and lockdown on the cities of Riyadh, Tabuk, Dammam, Dhahran and Hofuf and throughout the governorates of Jeddah, Taif, Qatif and Khobar.

Authorities had already sealed off the holy cities of Makkah and Medina along with Riyadh and Jeddah, barring people from entering and exiting as well as prohibiting movement between all provinces.

Total lockdown on Medina neighbourhoods

The Ministry of Interior also announced a total lockdown on five neighbourhoods in Medina on thursday until further notice. The neighborhoods include Al Sherbat; Bani Dhafar; Qurban, Al Jumuah; and parts of Al Iskan district and Bani Khudrah. No one is allowed to enter or exit these areas.

An official source from the ministry highlighted that the Ministry of Labor and Social Development will provide residents of these neighbourhoods with food baskets and will follow up on their needs while the ministry of health will provide them with necessary medications.

Saudi Arabia, which has reported the highest number of infections in the Gulf, is making every possible effort to limit the spread of the disease at home.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.