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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Agencies
August 7,2020

Kottayam, Aug 7: A trial court in Kottayam on Friday granted bail to Bishop Franco Mulakkal, accused of raping a nun in Kerala, with stringent conditions and directed him to be present on the dates of hearing of the case.

The Additional Sessions Court had cancelled the bail granted to the Bishop on July 13 for failing to appear for the trial and issued a Non Bailable Warrant against him.

Mulakkal was present in the Court on Friday when it considered the matter.

Granting bail, the court directed him not to leave the state till the chargesheet is read out to him on August 13 and to be present in court on the dates of hearing of the case.

The Court also directed him to offer fresh sureties and bail bonds.

On July 13, Mulakkal’s counsel had informed the court that his client could not appear as he had been in self quarantine due to his primary contact with a COVID-19 infected person.

The next day, the former Jalandhar Bishop had tested positive for coronavirus.

The prosecution informed the Court that Mulakkal had not produced the COVID negative certificate, to which the Court observed that the state Health Department can take necessary action on this issue.

The Supreme Court on Wednesday had directed Mulakkal to face trial as it dismissed his plea seeking discharge in the rape case lodged against him by the nun belonging to a congregation under Jalandhar diocese, saying there was no merit in his petition.

A bench of Chief Justice S A Bobde, A S Bopanna and V Ramasubramanian had told the counsel for Bishop that the court is not saying anything on merit, but is dismissing the plea on the issue of discharge from the case.

Mulakkal, in his plea had challenged the July 7 Kerala High Court order, dismissing his discharge plea in the rape case filed by the nun.

The High Court had asked the deposed Bishop of Jalandhar diocese to stand for trial in the rape case, which was registered on the basis of a complaint filed by the nun.

The senior priest of the Roman Catholic Church had filed the revision petition following the dismissal of his discharge plea by a trial court in March this year.

The rape case against the Bishop was registered by police in Kottayam district.

In her complaint to the police in June, 2018, the nun had alleged that she was subjected to sexual abuse by the bishop during the period between 2014 and 2016.

The bishop, who was arrested by the Special Investigation team, which probed the case, charged him with wrongful confinement, rape, unnatural sex and criminal intimidation.

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News Network
June 19,2020

Jun 19: Billionaire Mukesh Ambani on Friday announced that his oil-to-telecom conglomerate Reliance Industries is now net debt-free after raising a record Rs 1.69 lakh crore from global investors and a rights issue in under two months.

Reliance raised Rs 1.15 lakh crore from global tech investors by selling a little less than a quarter of the firm's digital arm, Jio Platforms Ltd, and another Rs 53,124.20 crore through a rights issue in the past 58 days.

Taken together with last year's sale of 49 per cent stake in fuel retailing venture to BP Plc of UK for Rs 7,000 crore, the total fund raised is in excess of Rs 1.75 lakh crore, the company said in a statement.

Reliance had a net debt of Rs 1,61,035 crore as on March 31, 2020. "With these investments, RIL has become net debt-free," it said.

"I have fulfilled my promise to the shareholders by making Reliance net debt-free much before our original schedule of March 31, 2021," Ambani said.

Jio Platforms - which houses the country's youngest but largest telecom firm Reliance Jio, raised Rs 1,15,693.95 crore from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG, L Catterton and PIF since April 22, 2020.

Saudi Arabian sovereign wealth fund PIF buying 2.32 per cent stake in the unit for Rs 11,367 crore on June 18 "marks the end of Jio Platforms' current phase of induction of financial partners," the statement said.

Alongside, Reliance launched India's biggest right issue, which was subscribed to 1.59 times.

Though the rights issue size was Rs 53,124 crore, the company has got only 25 per cent of the money as the remaining is to be paid only next fiscal.

Ambani had at the company's annual general meeting on August 12, 2019, announced a roadmap for Reliance to become a net debt-free company before March 31, 2021.

"We have a very clear roadmap to becoming a zero net-debt company within the next 18 months that is by March 31, 202," he had said last year highlighting strong interest from strategic and financial investors in consumer businesses, Jio and Reliance Retail.

In the statement on Friday, he said he was both delighted and humbled to announce the fulfillment of the promise.

"Exceeding the expectations of our shareholders and all other stakeholders, again and yet again, is in the very DNA of Reliance," he said.

"Therefore, on the proud occasion of becoming a net debt-free company, I wish to assure them that Reliance in its Golden Decade will set even more ambitious growth goals, and achieve them," he added.

He said over the past few weeks, phenomenal interest was received from the global financial investor community in partnering with Jio.

"As our fundraising milestone from financial investors is achieved, we sincerely thank the marquee group of financial partners and warmly welcome them into Jio Platforms," he said.

"I also express my heartfelt gratitude to all the retail and institutional investors, both domestic and foreign, for their overwhelming participation in our record-setting Rights Issue," he added.

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News Network
April 20,2020

New Delhi, Apr 20: With 1,553 more COVID-19 cases, India's total number of coronavirus cases has reached 17,265, the Ministry of Health and Family Welfare said on Monday.

Out of the total cases, 14,175 cases are active, while 2,547 people have been cured/discharged/migrated and 543 deaths have been reported, as per the ministry.

As many as 36 deaths have been reported in the last 24 hours.

According to the Ministry of Health and Family Welfare, Maharashtra continues to be the worst-affected state with a total of 4,203 cases. While 507 patients have recovered, 223 deaths have been reported.

Delhi comes next with 2,003 cases, out of which 72 patients have recovered while 45 patients have died.

Rajasthan has confirmed 1,478 cases, out of which 183 people have recovered while 14 patients are dead.

Tamil Nadu has reported 1,477 cases, out of which 411 have recovered and 15 have succumbed to the virus.

Madhya Pradesh has reported 1,407 cases, including 127 patients recovered and 70 patients dead. On the other hand, Uttar Pradesh has 1,084 COVID-19 positive cases.

In Kerala, which reported the country's first COVID-19 case, 402 people have been detected positive for coronavirus.

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