Modi,Sharif finally greet after cold vibes

November 28, 2014

modi shariefKathmandu, Nov 28: On the last day of the 18th South Asian Association for Regional Cooperation (Saarc) summit here, Prime Minister Narendra Modi and his Pakistani counterpart Nawaz Sharif shook hands and exchanged pleasantries.

New Delhi, however, was quick to point out that Modi’s handshake with Sharif should not be construed as a signal of India’s willingness for an early restart of the stalled bilateral dialogue with Pakistan. “India is for peaceful and cooperative relation with Pakistan. We are interested in meaningful dialogue. If this interaction today (Thursday) or this handshake leads to that, we would welcome that,” Ministry of External Affairs spokesperson Syed Akbaruddin told journalists in Kathmandu shortly after the summit concluded. “The emphasis, however, is on meaningful dialogue,” he added.

Nepal Prime Minister Sushil Koirala and leaders of other south Asian nations looked on smilingly, as Modi and Sharif, who completely avoided each other during the inaugural ceremony on Wednesday, not only greeted each other, but also chatted briefly and shook hands. The day also saw signing of the Saarc Framework Agreement for Energy (Electricity) Cooperation.

Even before the public display of cordiality, Modi and Sharif warmed up to each other at a retreat in the backdrop of the majestic Himalayas in Dhulikhel, a hill town nearly 30 km south-east of Kathmandu.

As Koirala led other Saarc leaders to the terrace to enjoy the picturesque landscape, Modi and Sharif were seen standing close to each other, soaking in the pristine environs. Modi and Sharif also shook hands and exchanged greetings at an informal meeting and chatted while having lunch with leaders of the six other south Asian nations.

The retreat also provided an opportunity to the leaders to have a candid discussion, which succeeded in ending the impasse over one of the three agreements proposed to be signed during the summit.

Modi and other leaders succeeded in persuading Sharif to approve the Saarc Framework Agreement for Energy (Electricity) Cooperation.

Later, as Koirala declared the summit closed, Modi found himself surrounded by President Mahinda Rajapaksa of Sri Lanka, President Ashraf Ghani of Afghanistan, President Abdulla Yameen Abdul Gayoom of Maldives, Prime Minister Tshering Tobgay of Bhutan and Prime Minister Sheikh Hasina of Bangladesh, as they all came to greet him.

Sharif, who was on the other end of the podium, too, joined later and extended his hand to Modi.

On Modi’s invitation, Sharif had attended the swearing-in ceremony of the new government at Rashtrapati Bhavan on May 26. They also had a meeting the next day and decided to explore possibilities of restarting the dialogue that New Delhi had suspended in January 2013.

The foreign secretary-level dialogue with Islamabad was later called of to protest Pakistan’s consultation with Kashmiri separatist leaders before holding official parleys with India.

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News Network
April 3,2020

New Delhi, April 3: With 478 cases reported in the last 24 hours, the highest spike so far, India's tally of positive coronavirus cases on Friday rose to 2,547 including 162 cured/discharged and 62 deaths, as per the latest data of the Ministry of Health and Family Welfare.

As many as 647 positive coronavirus cases have been reported so far from across 14 States whose linkage can be traced to the Tablighi Jamaat cluster at Nizamuddin, the Centre said on Friday.

"A total of 647 cases of positive coronavirus cases have been reported from across 14 States whose linkage can be traced to the Tablighi Jamaat cluster at Nizamuddin," Lav Aggarwal, Joint Secretary, Ministry of Health and Family Welfare said.

"The cases can be traced in Andaman and Nicobar, Assam, Delhi, Himachal, Haryana, Jammu and Kashmir, Jharkhand, Karnataka, Maharashtra, Rajasthan, Tamil Nadu, Telangana, Uttarakhand and Uttar Pradesh," added Aggarwal.

The Tablighi Jamaat event in Delhi has emerged as a hotspot for COVID-19 after several positive cases from across India were linked to the gathering including deaths in Maharashtra, Karnataka, and Telangana.

An FIR was earlier registered against Tablighi Jamaat head Maulana Saad and others under the Epidemic Disease Act 1897, in the national capital.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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News Network
May 15,2020

New Delhi, May 15: The World Bank on Friday approved $1 billion 'Accelerating India's COVID-19 Social Protection Response Program' to support the country's efforts for providing social assistance to the poor and vulnerable households, severely impacted by the pandemic.

This takes the total commitment from the World Bank towards emergency COVID-19 response in India to $2 billion.

A $1 billion support was announced last month to support India's health sector.

The response to the COVID-19 pandemic around the world has required governments around the world to introduce social distancing and lockdowns in unprecedented ways, said Junaid Ahmad, World Bank Country Director in India in a webinar interaction with the media.

These measures, intended to contain the spread of the virus have, however, impacted economies and jobs – especially in the informal sector. India with the world's largest lockdown has not been an exception to this trend, he said.

Of the $1 billion commitment, $550 million will be financed by a credit from the International Development Association (IDA) – the World Bank's concessionary lending arm and $200 million will be a loan from the International Bank for Reconstruction and Development (IBRD), with a final maturity of 18.5 years including a grace period of five years.

The remaining USD 250 million will be made available after June 30, 2020.

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