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Modi takes on Pakistan at BRICS, terms it mothership of terror

October 16, 2016

Benaulim (Goa), Oct 16: Talking tough on Pakistan at the BRICS Summit, Prime Minister Narendra Modi today said the "most serious" direct threat to regional security was terrorism, whose "mothership" was a country in India's neighbourhood.

modiThe Prime Minister also said that country nurtures a mindset that loudly proclaims that terrorism is justified for political gains.

Addressing Russian President Vladimir Putin, Chinese President Xi Jinping, Brazilian President Jacob Zuma and South African leader Michel Temer at the BRICS Summit's "restricted" segment, Modi said terror modules around the world are linked to this "mothership".

"In our own region, terrorism poses a grave threat to peace, security and development. Tragically its mothership is a country in India's neighbourhood. Terror modules around the world are linked to this mothership," he said.

"This country shelters not just terrorists. It nurtures a mindset. A mindset that loudly proclaims that terrorism is justified for political gains. It is a mindset that we strongly condemn.

"And, against which we as BRICS need to stand and act together. BRICS must speak in one voice against this threat," Modi said, without naming Pakistan directly.

During his bilaterals with Putin and Xi yesterday, Modi had strongly articulated India's concerns over terrorism emanating from Pakistan.

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The Prime Minister stressed that those supporting terror should be punished.

"We are united in our belief that terrorism and its supporters have to be punished, not rewarded," he said.

The Prime Minister also asked BRICS countries to work together for early adoption of the Comprehensive Convention on International Terrorism (CCIT) by the UN to tackle the menace and step up practical cooperation against terrorism.

Observing that BRICS nations have been a voice for peace, reform, reason and purposeful action, he said, "If new drivers of growth have to take root, there must be unhindered flow of skilled talent, ideas, technology and capital across borders

.

Talking about critical challenges that the world is confronted with, he said there was a need for a clear roadmap to revive the global economy.

"We have built new global institutions to complement the existing architecture. The NDB & Contingency Reserve Arrangement stand out," he added.

Referring to India recently ratifying the Paris Climate Agreement, he said, "We are committed to a harmonious balance between development and climate change. The path laid down by the SDGs or agenda 2030 is a valuable blueprint of hope. India's own development priorities are aligned with them."

Modi concluded his remarks by mentioning non-conventional security challenges, from threats on cyberspace and piracy on high seas to human trafficking.

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Correction
 - 
Sunday, 16 Oct 2016

Dear CD,

Please correct, President of South Africa is Jacob Zuma and Brazilian President is Michel Temer.

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News Network
March 24,2020

New Delhi, Mar 24: The total number of active COVID-19 cases reported so far in the country stands at 446 while the number of people who have been cured or discharged stands at 36, according to the Ministry of Health and Family Welfare.

Nine people have died from the disease while one case has migrated, the Ministry further informed.
The Central government has taken several steps to contain the rapid spread of the virus, including stoppage of all incoming passenger traffic on 107 immigration check posts at all airports, seaports, land ports, rail ports, and river ports.
There is a complete lockdown in as many as 548 districts of the country affecting several hundred million people.
The Indian Railways has also cancelled all passenger train operations till March 31.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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News Network
June 22,2020

New Delhi, Jun 22: Defence Minister Rajnath Singh on Monday left for a three-day visit to Russia. Singh is likely to discuss the India-Russia defence and strategic partnership during the visit and also attend a military parade in Moscow to mark the 75th anniversary of the Soviet victory over Nazi Germany in the Second World War.

The visit comes days after the violent face-off with China in which 20 Indian Armymen were killed in Galwan valley in Ladakh.

"Leaving for Moscow on a three day visit. The visit to Russia will give me an opportunity to hold talks on ways to further deepen the India-Russia defence and strategic partnership. I shall also be attending the 75th Victory Day Parade in Moscow," the Defence Minister tweeted.

Defence Secretary Ajay Kumar is also accompanying the minister.

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