Need to teach lessons to the rogue: Parrikar on Pakistan

December 12, 2014

New Delhi, Dec 12: Even as India will try to use diplomatic steps to avoid a confrontation with Pakistan, one needs to teach lessons to "those who are rogue", Defence Minister Manohar Parrikar said Friday.Defence Minister Manohar Parrikar

Asked at the Aaj Tak-2014 conclave about the disturbances created by Pakistan along the border, he said India was not closing any options for "harsh measures".

"We are always prepared with counter measures. Eye for eye or 'eent ka jawab pathhar se' (befitting reply) appears to be an offensive statement. But ultimately, you have to teach a lesson to those who are rouge. "How do we do it is a part of strategy, and I won't reveal it here. But I am definitely not closing any ... harsh measures," Parrikar said. He, however, added that this was not the only option and India would also try diplomatic measures like exerting political and diplomatic pressure. "I know some people will say these have failed, have not yielded results, with a state like Pakistan where there is hardly any control by the political leadership. "These might have some meaning but I think there are some effective measures that can be preventive.

"There cannot be always defensive measures. We can have preventive measures. We need not wait for someone to attack," the minister said. Parrikar said the response from India had been strong and terrorists have been neutralised. "This year the number of neutralised terrorists is 102 compared to 66 last year. You can understand the level of engagements." He was asked about the risks of a nuclear conflict between India and Pakistan."Nuclear doctrine (advocates) restraint. I don't think any state can resort to it. A full-scale war can be linked to the nuclear aspect of it, but if there are places where you get terrorists across, there are people who do it. Those people will have to be pressurised," he said. "I am not talking about going across the border. Why not use the same people who attack us, as we say 'gun ka barrel ghuma do' (turn the barrel of the gun around)," he said.

The minister added that increasing the morale of the security forces and providing them better equipment was a priority. "The soldiers who neutralise terrorists at a height of 14,000 feet... Equip them properly. If we can give good boots to soldiers in Siachen, why not to these soldiers? "When they go on vacation after two years, are you aware there is not enough space to get them back in the aircraft available? "When you expect them to fight (at the border), their battle at home should be taken care of by the ministry," he said.

Observing that blacklisting was not the only solution, the Defence Minister said Italian defence multinational Finmeccanica, which was blacklisted, has so many subsidiaries and wondered was it viable not to buy arms from any one of them.

Expressing concern over death of army personnel in various accidents, Parrikar said he will not allow any carelessness.

"Give me sometime I will establish accountability. I cannot lose soldiers while loading the gun. Definitely no."

Asked whether the last 10 years were a lost decade in terms of modernisation of armed forces, he said, "It was a lost decade for defence forces but it was gain decade for many others."

On his predecessor A K Antony, Parrikar, who is an IIT graduate, said, "There is no solution only by remaining honest.

"I agree that Antony may have a clean image that does mean the reflection of cleanliness in the actual procurement.

"To remove dirt, you have to step into it," Parrikar said, adding he reads all the files and his engineering background at times helps him in understanding technical issues.

"I do not know how many ministers read files. I read files and raise many queries. I have been habitual reader. I can isolate the good part of it. I think once you have clean intentions or proper reasoning for all judgements, there can be no question of quality of the judgement," he added.

On implementation of the 'One Rank, One Pension' policy, Parrikar said an announcement will be made within next 4-8 weeks.

"I will not drag the issue for long. I will sort it out at the earliest. If I could take the satisfaction level (of the former armed personnel) to 80-90 per cent, that should be a good enough solution," he said.

'One Rank, One Pension' has been a long-standing demand of the over two million ex-servicemen of India. It seeks to ensure that a uniform pension is paid to the defence personnel retiring at the same rank with the same length of service, irrespective of their date of retirement.

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News Network
March 25,2020

New Delhi, Mar 25: The government is likely to agree an economic stimulus package of more than Rs 1.5 lakh crore ($19.6 billion) to fight a downturn in the country that is currently locked down to stem the spread of coronavirus, two sources familiar with the matter told news agency.
The government has not yet finalised the package and discussions are ongoing between Prime Minister Narendra Modi's office, the finance ministry, and Reserve Bank of India (RBI), said both the sources, who asked not to be named as the matter was still under discussion.

One of the sources, a senior government official, said the stimulus plan could be as large as Rs 2.3 lakh crore, but final numbers were still in discussion.

The package could be announced by the end of the week, both sources added.

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News Network
March 13,2020

Mumbai, Mar 13:  Investor wealth worth nearly Rs 12 lakh crore was wiped out in less than 15 minutes of trading on the stock exchanges on Friday, with the two benchmarks, the BSE Sensex and the NSE Nifty, crashing over 10 per cent.

The 30-share BSE Sensex plummeted 3,380.59 points, or 10.31 per cent, to 29,397.55. It hit an intra-day low of 29,388.97, falling up to 3,389.17 points.

Trading was halted for 45 minutes in the early session after the index hit its lower circuit limit.

The BSE and NSE benchmark indices, however, pared most losses with the Sensex trading 835.40 points, or 2.55 per cent, lower at 31,942.74, and the Nifty was down 253.25 points or 2.64 per cent at 9,336.90 at 10.40 am.

The mayhem on Dalal Street eroded investor wealth worth Rs 12,92,479.88 crore, taking the total m-cap to Rs 1,12,78,172.75 crore on the BSE at 1020 hours.

The m-cap of BSE-listed companies stood at Rs 1,25,70,652.63 crore at the end of trading on Thursday.

Traders said besides global selloff, incessant foreign fund outflows also weighed on investor sentiments.

On a net basis, foreign institutional investors sold equities worth Rs 3,475.29 crore on Thursday, data available with stock exchanges showed.

On the BSE, 1,279 scrips declined, while 193 advanced and 40 remained unchanged.

Volatility heightened in global markets as benchmarks world over went into panic mode, insinuating a freakish selloff.

Bourses in Shanghai dropped over 3.32 per cent, Hong Kong 5.61 per cent, Seoul 7.58 per cent and Tokyo cracked up to 7.97 per cent.

Wall Street lost 10 per cent in overnight trade.

More than 1,30,000 cases of the novel coronavirus have been recorded in 116 countries and territories, killing at least 4,900 people.

The number of coronavirus patients in India has risen to 74, as per the health ministry.

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News Network
June 4,2020

New Delhi, Jun 4: India on Thursday witnessed a record single-day spike of 9,304 coronavirus cases taking the country's tally to 2,16,919, according to the Union Ministry of Health and Family Welfare.

The ministry informed that 260 more deaths due to coronavirus were reported in the last 24 hours.

The total number of cases in the country now stands at 2,16,919 including 1,06,737 active cases, 1,04,107 cured/discharged/migrated and 6,075 deaths.

Maharashtra has so far reported 74,860 cases, more than any other state in the country.

In Tamil Nadu, 25,872 cases have been detected so far while Delhi has reported 23,645 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 1,39,485 samples were tested in the last 24 hours whereas 42,42,718 samples have been tested till date.

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