Maruti Eeco used in Pulwama terror attack, owner on the run: NIA

Agencies
February 26, 2019

New Delhi, Feb 26: A Maruti Eeco minivan was used in the Pulwama terror attack and it was bought by a Jaish-e-Mohammed operative just 10 days before the February 14 strike that claimed the lives of 40 CRPF personnel, the National Investigation Agency (NIA) said Monday.

The JeM operative, identified as Sajjad Bhat, a resident of Bijbehara in south Kashmir, has since been on the run and is believed to have become an active militant now, an NIA spokesman said.

The spokesman termed this as a "significant breakthrough" in the investigation into the terror attack.

Piecing together remnants of the vehicle recovered from the scene of the blast, the NIA investigators, with the support of forensic and automobile experts, have been able to identify the vehicle as a Maruti Eeco having chassis number MA3ERLF1SOO183735 and engine number G12BN164140, the spokesman said.

The vehicle was sold to Mohammed Jaleel Ahmed Haqani, a resident of Heaven Colony in Anantnag in 2011, and subsequently it changed hands seven times and finally reached Sajjad Bhat, a student of Siraj-ul-Uloom, Shopian.

The vehicle was purchased by Sajjad Bhat on February 4, the spokesman said.

Raids were conducted by a team of NIA and police at his house on Saturday but Sajjad was not present.

He has reportedly joined Jaish-e-Mohammed and his photograph also appeared on social media where he is seen holding weapons.

The NIA, a central agency established by the government to combat terror, took over the probe into the Pulwama attack from the Jammu and Kashmir Police on February 20 and re-registered the case.

NIA Director General Y C Modi, accompanied by senior officers of the agency, has visited the site of the attack, 33 km from Srinagar, where he was briefed by the police and the Central Reserve Police Force (CRPF).

The state police had registered a case at the Awantipora police station on February 14 after a suicide bomber rammed his explosive-laden vehicle into a CRPF bus, which was part of a 78-vehicle convoy carrying over 2,500 personnel from Jammu to Srinagar.

The NIA has already gathered crucial material from the blast site in Lethpora in Pulwama district of south Kashmir and has been involved in the questioning of around a dozen people detained by the police following the blast, officials said.

The NIA is probing planning and execution of the terror attack, the second such strike in three decades of militancy in the state. In 2000, a 17-year-old Kashmiri boy had blown himself outside the Srinagar-based army cantonment, killing two Army men.

Comments

Ansar balli
 - 
Tuesday, 26 Feb 2019

One man killed 47 army,.. this is very very insult to our country, in abroad people are laughing on our capability.
and some hindutva activists who put big big poster of lion and say they are lion but in reallity thet are the cowards, they dont have courage to go to border and face the real terror but they attack innocent indian muslim who is weak..
Jai Hind

 

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News Network
March 21,2020

Mar 21: India’s economy, already in the grip of a slowdown, is in for more pain after Prime Minister Narendra Modi appealed to citizens to stay at and work from home to curb the coronavirus outbreak.

The services sector, which accounts for about 55% of India’s gross domestic product, is poised to be the worst hit after Modi, in a late evening address on Thursday, urged citizens to go on a self-imposed curfew for a day and private companies to allow employees to work from home for longer. In the country’s vast informal sector, social-distancing measures could mean a dent to productivity and consumption because of job or pay losses.

“The impact of a partial lock-down or social distancing will be significant,” said Rahul Bajoria, a senior economist at Barclays Plc in Mumbai. “If there’s a widespread community outbreak, GDP could fall as low as 3.5% in the year starting April 1.”

Shrinking output may limit growth in an economy that’s already set to expand at an 11-year low of 5% in the current year to March 31. Before the virus outbreak, India had forecast growth to recover to 6%-6.5% in the next fiscal year. S&P Global Ratings and Fitch Ratings have already slashed their growth forecast by 50 basis points.

“The current social-distancing measures will severely impact airlines, hotels, malls, multiplexes, restaurants and retailers,” according to analysts at Crisil Ltd., the local unit of S&P Global. “Lower footfalls and occupancies, decline in business volume and sub-optimal operating efficiencies will impact cash flows of companies in these sectors,” wrote the analysts led by Chief Economist Dharmakirti Joshi.

The government will try to announce a relief package for virus-affected sectors as early as possible, Finance Minister Nirmala Sitharaman said Friday.

In a televised address, Modi advised all citizens to stay at home for a day on March 22, as he sought to stem the spread of the coronavirus -- cases of which are relatively low in India at about 200, compared with more than 200,000 infected people globally. His government also barred incoming flights for a week from that day, joining a growing list of countries effectively sealing their borders.

What Bloomberg’s Economists Say

We had only earlier this week lowered our GDP outlook to consider the direct impact of the local outbreak as confirmed virus cases exceeded 100 as of March 15 and the federal and state governments announced social distancing measures that have already started to crimp economic activity. We are now revising down our GDP estimate for 4Q fiscal 2020 to 3.3%, from our 3.5%.

-- Abhishek Gupta, India economist

For more, click here

“Consumption being the biggest component of GDP, a lock-down is bound to have a big impact on the economy,” said Devendra Kumar Pant, chief economist at India Ratings and Research, the local unit of Fitch. “Modeling uncertainty in any system will be very difficult, but one can say the slowdown could deepen or prolong further.”

Work From Home

While companies, including billionaire Mukesh Ambani-controlled Reliance Industries Ltd., are asking employees to work from home, the option isn’t feasible in India’s vast informal sector.

“The option to work remotely simply won’t exist for most,” said Shilan Shah, an economist with Capital Economics Pte. in Singapore.

As many households don’t have savings buffers, the government would probably have to back this up with large-scale cash handouts that reach the poorest, he said.

Work from home is posing implementation challenges for the manufacturing sector where workers are required to be physically present at the production sites. The services sector, such as banking and information technology, also needs employees to be present in offices as confidential data is used, according to industry group Federation of Indian Chambers of Commerce and Industry.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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News Network
July 24,2020

New Delhi, Jul 24: India reported the highest single-day spike of 49,310 coronavirus cases on Friday, according to the Union Ministry of Health and Family Welfare.

The total COVID-19 positive cases stand at 12,87,945 including 4,40,135 active cases, 8,17,209 cured/discharged/migrated.
With 740 deaths in the last 24 hours, the cumulative toll reached 30,601.

Maharashtra has reported 3,47,502 coronavirus cases, the highest among states and Union Territories in the country. A total of 1,92,964 cases have been reported from Tamil Nadu till now, while Delhi has recorded 1,27,364 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 3,52,801 samples were tested for coronavirus on Thursday and overall 1,54,28,170 samples have been tested so far. 

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