Nepal plane crash: Over 50 killed, PM Modi, US offer condolences

Agencies
March 13, 2018

Kathmandu/Dhaka, Mar 13: A Bangladeshi passenger aircraft crashed and burst into flames while landing at the Tribhuvan International Airport (TIA) here, killing at least 50 people, in Nepal’s worst aviation disaster in more than 25 years. The Dhaka to Kathmandu US-Bangla Airlines flight, with 67 passengers and four crew members on board, caught fire after it careened off the runway and ploughed into a football ground near the airport, TIA spokesperson Prem Nath Thakur said. Nepal army spokesman Brigadier General Gokul Bhandari said 50 people had died in the crash. There were 33 Nepalese nationals on board flight UBG 211, a Bombardier Dash 8 Q400. Others include 32 Bangladeshis, one Chinese and one Maldivian.

Bombardier is a twin-engine, medium-range and turboprop aircraft. “We are carrying out rescue work. We are collecting details,” TIA General Manager Raj Kumar Chhetri said. The black box of the aircraft was recovered from the spot, Chhetri said. The condition of over two dozen people who were admitted to the hospital in Kathmandu is said to be serious.

According to SSP Bishwaraj Pokharel, spokesperson at Kathmandu Metropolitan Police Range Office, 49 were confirmed dead in the crash. Plumes of black smoke could be seen rising from the football ground where the plane crashed. Several bodies that lay on the tarmac, covered with yellow cloth, were charred. The aircraft took off from Dhaka and landed at the airport at 2:20 pm (local time). “The plane shoot off the runway while it was about to crash into the hanger and immediately caught fire,” an airport official was quoted as saying by the Himalayan Times.

The officials, however, have said a technical glitch could be the cause of the accident. “The aircraft was permitted to land from the Southern side of the runway over Koteshwor but it landed from the Northern side,” Director General of Civil Aviation Authority of Nepal (Caan) Sanjiv Gautam was quoted as saying by the Kathmandu Post. He said the plane was “out of control” when it attempted to land on the runway. “We are yet to ascertain the reason behind the unusual landing,” he said suspecting the aircraft might have sustained some technical glitches.

In Dhaka, US-Bangla Airlines CEO Imran Asif said a conversation between the pilot, Abid Sultan, and the air traffic control or ATC of the airport indicated that the ATC sent “wrong signals’ to the pilot. “We are not accusing anyone now. We suspect it might have led to the crash,” he was quoted as saying by the bdnewss24. Basanta Bohora, a Nepalese and one of the few passengers to escape with injuries in the deadly plane crash, said he is lucky to be alive. “All of a sudden the plane shook violently and there was a loud bang afterwards,” he said. “I was seated near the window and was able to break out of the window,” he said. “I have received injuries to my head and legs but I am fortunate that I survived the ordeal.” All the flights to and from TIA have been halted after the crash.

Prime Minister KP Sharma Oli, Home Minister Ram Bahadur Thapa and Defense Minister Ishwar Pokharel visited the airport to oversee the rescue operation. The Dhaka-based US-Bangla Airlines is a private carrier that launched in July 2014 with the motto “Fly Fast Fly Safe”. The airlines is a unit of the US-Bangla Group, a US Bangladeshi joint venture company.

Prime Minister Narendra Modi extended his condolences to the families of those who lost their lives in the Theni forest fire in Tamil Nadu and expressed anguished over loss of lives in a plane crash in Kathmandu and prayed for early recovery of the injured. Ten people, who were part of a trekking expedition, have been killed in a forest fire in the Western Ghats, the Tamil Nadu government said today. “My condolences to the families of those who lost their lives in the Theni forest fire. I hope that those who are injured recover soon,” Modi said in a tweet. A 36-member team – 24 people from Chennai and 12 from Tiruppur and Erode districts – on a trekking expedition reached Kurangani hills on March 10. The team included 25 women and three children. The prime minister also expressed anguish over loss of lives in Kathmandu plane crash. “Deeply anguished by the loss of lives due to the plane crash in Kathmandu. My thoughts are with the families of the deceased and I pray that those injured recover at the earliest,” he said in another tweet.

The Bangladeshi passenger aircraft crashed and burst into flames today while landing at the Tribhuvan International Airport (TIA) here, killing at least 50 people, in Nepal’s worst aviation disaster in more than 25 years. The Dhaka to Kathmandu US-Bangla Airlines flight, with 67 passengers and four crew members on board, caught fire after it careened off the runway and ploughed into a football ground near the airport, TIA spokesperson Prem Nath Thakur said. Nepal army spokesman Brigadier General Gokul Bhandari said 50 people had died in the crash. More than 20 injured were reportedly taken to Kathmandu Medical College for treatment of which seven were brought dead at the hospital. The remaining were undergoing treatment for serious burn injuries.

The US offered its sincere condolences to the families and loved ones of the victims who were killed in a plane crash at the Tribhuvan International Airport. A Bangladeshi passenger aircraft crashed and burst into flames today while landing at the Tribhuvan International Airport (TIA) here, killing at least 50 people, in Nepal’s worst aviation disaster in more than 25 years. The Dhaka to Kathmandu US-Bangla Airlines flight, with 67 passengers and four crew members on board, caught fire after it careened off the runway and ploughed into a football ground near the airport, TIA spokesperson Prem Nath Thakur said. “We offer our sincere condolences to the families and loved ones of the victims,” a State Department Spokesperson said. “We are not aware of any request for US assistance at this time,” the spokesperson said. Nepal army spokesman Brigadier General Gokul Bhandari said 50 people had died in the crash. There were 33 Nepalese nationals on board flight UBG 211, a Bombardier Dash 8 Q400. Others include 32 Bangladeshis, one Chinese and one Maldivian.

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News Network
February 4,2020

New Delhi, Feb 4: Uttar Pradesh Chief Minister Yogi Adityanath on Monday accused Arvind Kejriwal of having a "partnership" with Pakistan and appealed to the people in Delhi to not vote for the AAP chief as it will make Pakistan happy.

Ramping up his attack on the Shaheen Bagh protest, Adityanath said that the protest against the Citizenship Amendment Act (CAA) is merely an excuse for people to vent their anger against the scrapping of Article 370.

"You must have seen their partnership on 370. Arvind Kejriwal used to speak in the same voice as Imran Khan on Article 370. You must have heard it.

"Now when elections are taking place in Delhi, who is speaking in favour of Arvind Kejriwal? It is the ministers of Pakistan. They are aware that Kejriwal is feeding 'biryani to protesters at Shaheen Bagh'," he said, referring to Pakistan minister Fawad Chaudhry's tweet asking Indians to defeat Prime Minister Narendra Modi.

Adityanath addressed three rallies on Monday in the national capital ahead of assembly elections.

"Will Pakistan decide who Indians should vote for. If voting for Kejriwal will make Pakistan happy, should it be done," he asked at a rally in Mehrauli.

Adityanath said his Delhi counterpart Kejriwal has become a "toy in the hands of anti-social and anti-India elements".

Addressing a rally in Vikaspuri in west Delhi, he said that Kejriwal is not bothered about key issues such as providing clean drinking water but is concerned about Shaheen Bagh, the anti-citizenship amendment act protest site.

At another rally in Uttam Nagar in west Delhi, Adityanath said Kejriwal has played with the emotions of the people of Delhi for the last five years.

"He obstructed the development of Delhi. And knowingly and unknowingly, he became a toy in the hands of anti-social and anti-India elements," Adityanath said.

The protest at Shaheen Bagh, he said, has disrupted traffic across the capital.

"A guest with an appointment to meet him at 9.30 am could only reach at 11. He told me he had left as early as 7 am but got stuck because of the traffic in Shaheen Bagh," he said.

The Uttar Pradesh chief minister also slammed Kejriwal for "sympathising" with elements who he said gave anti-India slogans in Jawaharlal Nehru University.

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News Network
June 23,2020

New Delhi, Jun 23: In an unexpected development, the pump price of diesel is all set to surpass the petrol price in the capital, making it the most expensive transport fuel for the first time in a long time.

Globally, diesel is priced slightly above petrol prices due to the very nature of the product that has a higher cost of production. But in India, due to the lopsided taxation structure, diesel attracts lesser of the tax between the two auto fuels keeping its prices lower than petrol for last several years.

Diesel is currently priced at Rs 79.40 a litre in the Capital, just 36 paise short of petrol price that is being retailed at Rs 79.76 a litre. Going by the trend of price movement in the two products for the last few days where diesel prices have consistently increased by 50-60 paise per litre while the daily increase in petrol prices have fallen to just 20 paise on Tuesday, it is set to surpass petrol prices in next few days.

"Diesel price movement is sharper in international market and if oil companies follow the global price trend, diesel prices will surpass that of petrol later this week. It will be after many years that this would happen and is expected to sustain for some time unless government changes the tax structure of the petroleum products again," said an oil sector expert from one of the big four audit and advisory firms asking not to be named.

Interestingly, even in India the base price of diesel is expensive than petrol. According to the Indian Oil Corporation (IOC), while the base price of petrol in Delhi currently comes to Rs 22.11 per litre, the same for diesel is higher at Rs 22.93 per litre (effective from June 16, 2020). This has been the case for a long time, but retail price of petrol can be higher than diesel due to central and state taxes.

What has now brought diesel prices to a whisker of petrol prices in the capital is the Delhi government's decision early May to increase the Value Added Tax on diesel from 16.75 per cent to 30 per cent and on petrol from 27 per cent to 30 per cent. This increased the retail price of diesel and petrol in Delhi by Rs 7.10 and Rs 1.67 a litre respectively. With Central taxes on the two products already reaching identical levels, the Delhi governments move hastened price parity between petrol and diesel.

Currently, the Central excise on petrol is Rs 32.98 a litre while that on diesel it is Rs 31.83 a litre. The VAT on petrol in Delhi is Rs 17.71 a litre and that on diesel is Rs 17.60 a litre.

While the movement of retail pricing is being seen with a sigh of relief by vehicle owners whose cars run on petrol, those buying the relatively expensive diesel cars are now repenting on their decision. The development is also being seen with caution by automobile companies who have spent millions to ramp up their facilities for diesel run vehicles. The expectation is that demand for such cars will now fall, causing more damage to companies where sales are already impacted due to persistent economic slowdown and now the spread of COVID-19 pandemic.

"The pricing development would push automobile companies to strategies being followed by companies in the western markets where diesel run cars are not sold on fuel pricing differential, but on overall make and quality that puts them ahead of petrol run cars," the expert quoted earlier.

Yes, but for commercial vehicle sector the rising price of diesel had not been welcomed. In fact, the commercial transport sector had time an again threatened strike against the move to raise fuel prices.

With petrol and diesel retail prices closing, the case for adultering fuel has also gone down much to the relief of vehicle owners.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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