Modi-Mahmoud Abbas meet raises hope for captives’ kin

September 30, 2015

New Delhi, Sep 30: Prime Minister Narendra Modi met Palestine President Mahmoud Abbas in New York before leaving for India on Tuesday.modi mahmoud abbas

External Affairs Ministry spokesperson Vikas Swarup said the leaders discussed the issue of Indians being held hostage in Iraq. The meeting has raised the hopes of family members of the 39 Indians kidnapped by the Islamic State (IS) in Iraq.

The government had kept the family members informed of the Modi-Abbas meeting as External Affairs Minister Sushma Swaraj herself briefed a delegation of the relatives on September 18 before the Prime Minister left for New York.

Ms. Swaraj had told the families that the Palestinian Authority provided her irrefutable proof that the hostages had not been physically harmed by the IS.

“Ms. Swaraj told us that the Indians are being held by the IS in the northern part of the city of Mosul and the IS is using them to move heavy loads across the city,” said Gurpinder Kaur, whose 24-year-old brother, Harjinder Singh, is among the captives.

Silence for long

Mr. Harjinder spoke to his family like others in his group on June 15, 2014, informing them of the kidnapping. Neither he nor others have contacted their families since. One of the kidnapped men, Harkit Singh, emerged last December to claim that the rest of the 39 were massacred by the terrorists in Iraq a few days after the ordeal began.

Ms. Kaur and other family members have formed a group which has been kept informed of the progress of the investigation by the Ministry.

She said Ms. Swaraj had promised them that Mr. Abbas would provide some proof of life to Mr. Modi. “We are therefore waiting to hear what the Palestinian President told the Indian Prime Minister.”

A high-level official in the Ministry told The Hindu that the meeting had not thrown up anything substantial. Reportedly, Mr. Modi reiterated India’s request for help from the Palestinians to bring the men back home. “We have asked them for help in locating the captives as we have asked Qatar, the UAE, Egypt, Turkey, Jordan and a host of other countries.”

“The President said the hostages were alive and will update us as and when there is more information,” Mr. Swarup said.

The meeting between Mr. Modi and Mr. Abbas comes in the wake of India’s increasing proximity to Israel and ahead of President Pranab Mukherjee’s visit to Israel next month.In an apparent effort to underscore India’s historical association with Palestine, Mr. Swarup tweeted pictures of the two leaders together, with the caption, ‘bonding with Palestine.’

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News Network
May 6,2020

New Delhi, May 6: Taking a cue from states, the Centre announced one of the steepest hikes in duties on petrol and diesel in the recent past, by raising it by Rs 10 and Rs 13 per litre, respectively, in a notification issued late on Tuesday.

Retail prices, however, will see no change as the price hike will be absorbed by oil marketing companies against the fall in crude prices.

Road and infrastructure cess was hiked by Rs 8 for petrol and diesel and the special additional excise duty (SAED) was hiked by Rs 2 per litre and Rs 5 per litre, respectively. While the road cess will only go into the Centre’s coffers, the hike on account of SAED will be passed on to states via devolution at 42 per cent. Hence, the states will get only Rs 0.84 per litre in case of petrol and Rs 2.1 in case of diesel.

The decision comes after several states increased the value added tax (VAT) on petrol and diesel making use of the lower price regime. The Delhi government on Tuesday increased VAT on petrol and diesel to 30 per cent each, from 27 and 16.75, respectively. As a result, the price of petrol in Delhi increased by Rs 1.67 to Rs 71.26 a litre and diesel by Rs 7.10 to Rs 69.29 in Delhi on Tuesday.

Amid falling international crude oil prices, the Centre introduced an enabling provision in March to raise excise duty on petrol and diesel by Rs 8 per litre in the Finance Act. The government had on March 14 raised excise duty on petrol and diesel by? 3 per litre each, which was to help raise an additional ?39,000 crore in revenue annually.

This duty hike included Rs 2 a litre increase in SAED and Rs 1 in road and infrastructure cess. It raised SAED to Rs 10 for petrol and Rs 4 for diesel. The limit has now been increased to Rs 18 a litre in case of petrol and Rs 12 in case of diesel by way of amendment of the Eighth Schedule of the Finance Act.

Economists said the move would impact retail inflation by over half a percentage point at least. “With lower consumption, there was loss of revenue for Centre and states, who earn Rs 6 trillion annually or Rs 50,000 crore monthly from fuel. Amid lockdown in April, the collection must have come down to just Rs 5,000 crore, and this will hold for May.

This means that Centre and states have lost 20 per cent of annual revenue from fuel. Hence, they have hiked duties to recover losses,” said Madan Sabnavis, chief economist, CARE Ratings. He added that the hike will impact inflation by at least 0.6-0.7 percentage points.

According to industry experts, an estimate of the additional government revenue cannot be made as the consumption of petrol and diesel has dropped to 40 per cent of what it was before the lockdown. The duty hike comes following a drop in international crude oil prices in April, owing to lower consumption figures globally. At 11.50 pm on Tuesday, Brent was priced at $30.67 a barrel, while West Texas Intermediate (WTI) crude was seen at $24.36 a barrel. On Monday, the Indian basket of crude oil was priced at $23.38 a barrel, after touching a 15-year low last month.

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Agencies
March 22,2020

Mumbai, Mar 22: The total number of coronavirus positive patients in Maharashtra has risen to 74 with 10 more positive cases reported in the last 24 hours, officials said.

Of the 10 new cases, 6 are in Mumbai and 4 in Pune, they said on Sunday.

Earlier this week, a Covid-19 patient died in Mumbai.

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News Network
June 17,2020

New Delhi, Jun 17: Petrol and diesel prices were increased in metros on Wednesday, marking the eleventh straight day of increase since state-owned oil companies returned to the normal practice of daily reviews following a 12-week pause. With effect from 6 am, the price of petrol was increased by 55 paise per litre, and diesel by 69 paise per litre in Delhi, compared to the previous day. While the price of petrol was revised to Rs 77.28 per litre in the national capital from Rs 76.73 per litre the previous day, the diesel rate was increased to Rs 75.79 per litre from Rs 75.19 per litre, according to notifications from state-run Indian Oil Corporation, the country's largest fuel retailer. In the 11-day period, the price of petrol has been increased by a cumulative Rs 6.02 per litre, and diesel by Rs 6.49 per litre.

International crude oil prices retreated on Wednesday, weighed down by an increase in US crude inventories and worries about a potential second wave of the coronavirus pandemic. Brent crude futures - the global benchmark for crude oil - were last seen trading 1.0 per cent lower at $40.56 per barrel.

State-run oil marketing companies revise the prices of petrol and diesel from time to time, besides aviation turbine fuel (ATF) - or jet fuel - and liquefied petroleum gas (LPG). However, since March 16, the oil companies had kept petrol and diesel prices on hold, possibly due to the volatility in global oil markets.

Fuel retailing in the country is dominated by state refiners - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. The three own about 90 per cent of the retail fuel outlets in the country.

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