Petrol price hike: Bandh may hit normal life today

May 31, 2012

national_Wide_Bundh

New Delhi/MumbaI/Chennai, May 31: The BJP and the CPM will come together in a nationwide protest against hike in petrol prices on Thursday. Markets may remain shut and autos and taxis might go off the roads.

Delhi: Traders decide to support BJP's call

Residents of the Delhi may find many markets shut and fewer autos and taxis on the road today, with BJP workers staging demonstrations on arterial roads against the steep hike in fuel prices. The party claims it has the support of over 300 traders' associations and several taxi and auto unions.

While the bandh has been called across India, the introduction of 5% VAT on CNG in Delhi budget is also an issue in the capital. On Wednesday, Delhi BJP president Vijender Gupta held a padyatra in Connaught Place asking traders to support the bandh.

On Wednesday, Delhi BJP president Vijender Gupta held a padyatra in Connaught Place asking traders to support the bandh. BJP has also decided to disrupt the ongoing budget session in the assembly. Police said that besides 35 extra companies of security personnel, another 50,000 cops would be out on the roads.

"We want to ensure that every major road has police presence. We are aware of a few protest spots and have the resources to rush in to control any situation. We warn people not to flout the law; those found rioting will be charged with destruction of public property," said a senior officer. Despite poor footfalls in the market due to rise in temperature, traders' associations have decided to support the bandh. "We have to stand together. This government has become arrogant and is not concerned about the people, who are suffering. Everything — from food items to gadgets— has become expensive. Still there is no stopping the government from increasing the prices of petrol and CNG. In Delhi, CNG is going to be the main issue," said Praveen Khandelwal, secretary general of Confederation of All India Traders.

While most traders have decided to support BJP's bandh call, some are said to be doing so out of fear. "We fear that the protestors might get violent if the markets are open. Not wanting to take chances, we have decided to close the market," said a trader from Khan Market. With more than 50,000 BJP workers expected to stage demonstrations at 100-odd locations, BJP is hopeful the government will be forced to rollback petrol and CNG prices. While BJP workers will protest outside, party MLAs are planning a stormy session in the assembly on Thursday.

Senas back bandh, Maharashtra talks tough

Undeterred by the Shiv Sena and MNS lending their political muscle to the BJP-called Bharat bandh over the steep hike in petrol price last week, the state government announced that it would be business as usual in Mumbai on Thursday. Nevertheless, local politicians expect trouble in saffron strongholds and the police have been deployed in full force.

Train services will run as usual and BEST has promised additional services if required. The same cannot be said for autos and taxis. While the bigger unions led by Sharad Rao and A L Quadros said their autos and taxis will ply, Sena-led unions have threatened to enforce the bandh.

"As long as the bandh is peaceful we have no objection. But if politicians indulge in violence and enforce it, we will not tolerate it," home minister R R Patil told TOI. On Wednesday, Patil held a marathon meeting with top police officials even as the saffron alliance charted their strategy to ensure that their bandh is a success.

Bandh expected to evoke poor response in Tamil Nadu

The nation-wide strike called by the NDA and Left parties on Thursday to condemn the hike in petrol price is unlikely to have much impact in Tamil Nadu with the state government taking steps to ensure maintenance of all essential supplies and services to the people.

However, autorickshaws might go off the roads as most of the drivers are affiliated to leftist trade unions.

Though a few milk dealers have supported the strike, sources in the state-owned Aavin said that measures have been taken to ensure uninterrupted milk supply.

"We have made all arrangements to have enough stock of milk in our parlours and outlets to ensure that the public will not be affected," a senior Aavin official said. Government sources assured that all hospitals and public transport will function as usual.

"The full fleet will be pressed into service in the city as well as across the state," an official from transport department said.

Police sources said additional personnel have been deployed at sensitive areas across the state to curb any untoward incidents.

Meanwhile, BJP state unit president Pon Radhakrishnan has appealed to all the political parties, commercial establishments and people of the state to support the bandh.

In a release, he said that since the hike in petrol price will test the patience of the people reeling under high inflation, the party had called for a nation-wide strike to condemn the UPA government move.

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March 27,2020

Mumbai, Mar 27: The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind.

The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve ratio maintained by the banks for the first time in over seven years. CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system.

The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune.

It all depends how India responds to the situation, he said.

Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.

Aggregate demand may weaken and ease core inflation further, he noted.

The liquidity measures announced include auction of targeted long-term repo operation of 3 year tenor for total amount of Rs 1 lakh crore at floating rate and accommodation under Marginal Standing Facility to be increased from 2 per cent to 3 per cent of Statutory Liquidity Ratio (SLR) with immediate effect till June 30.

Combined, these three measures will make available a total Rs 3,74,000 crore to the country's financial system.

After cutting policy rates five times in 2019, the RBI had been on a pause since December in view of high inflation.

The measures announced come a day after the government unveiled a Rs 1.7 lakh crore package of free foodgrains and cash doles to the poor to deal with the economic impact of the unprecedented 21-day nationwide lockdown.

While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, it was advanced by a week to meet the challenge of coronavirus.

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News Network
June 3,2020

New Delhi, Jun 3: Seasoned diplomat and former spokesperson of the External Affairs Ministry Raveesh Kumar has been appointed as India's next Ambassador to Finland, the government announced on Wednesday.

Raveesh Kumar, a 1995-batch Indian Foreign Service officer, served as the spokesperson of the MEA from July 2017 to April 2020 during which he deftly articulated India's position on a number of sensitive issues including last year's Balakot strike, reorganisation of Jammu and Kashmir and the controversy surrounding the National Register of Citizens.

"He is expected to take up the assignment shortly," the MEA said.

Before becoming the MEA spokesperson, Kumar was serving as Consul General of India in Frankfurt.

Kumar started his career at the Indian Mission in Jakarta and it was followed by his postings in Thimpu and London.

In his nearly 25-year career, Kumar also looked after the East Asia desk in the headquarters of the MEA in Delhi and served as Deputy Chief of Mission in Jakarta followed by his posting as Consul General in Frankfurt from August 2013 to July 2017.

In Finland, he succeeds Vani Rao.

Finland is an important country for India in Europe, and bilateral trade has been on an upswing in the last few years.

Around 35 Indian companies have invested in Finland in IT, healthcare, hospitality and automotive sectors while over 100 Finnish companies have operations in India in energy, textiles, power plants and electronics sectors.

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News Network
February 24,2020

New Delhi, Feb 24: India and the US are committed to defend their people from radical islamic terrorism, resolved to significantly expand defence ties and are working on a "fantastic" trade deal, said US President Donald Trump on Monday while asserting that his country "loves" and is "loyal" to India.

Addressing a huge crowd at 'Namaste Trump' event at the Motera stadium here, the US president, accompanied by his wife Melania and Prime Minister Narendra Modi, talked about India's great tradition of embracing individual freedom, rule of law, dignity of every human being and where people worship side-by-side in harmony.

On his maiden visit, Trump, who was welcomed by Modi on his arrival here, said his country will remain a "loyal" friend of India and called the Prime Minister an "exceptional leader" who works day and night for the country.

"India and the US are committed to fight terrorists and their ideology; that is why my government is working with Pakistan to crack down on terror groups," Trump said in the presence of his family -- daughter Ivanka, son-in-law Jared Kushner-- and top brass of his administration.

"The US will always be faithful and loyal friend of India. Thank you for the spectacular welcome," he added.

He also announced that the two countries will firm up defence deals worth USD 3 billion on Tuesday and that the US will become India's premier defence partner.

"India and US have natural and enduring friendship," Trump said to a cheering crowd.

"We are quickly revitalising our alliances all around world," he said.

Trump said both countries are working on a "fantastic trade" deal, and observed that Modi is a "tough negotiator".

The US president also heaped praises on Modi, saying the Prime Minister is a "living proof" of what an Indian can achieve with hard work as Trump referred to his humble background as a tea-seller, who had a landslide win in the 2019 Lok Sabha polls.

On his part, Modi welcomed Trump to "world's largest democracy" and said a "new history" was being created.

Modi also praised Trump's leadership in containing terrorism.

Trump said as the world's largest economy, India gives hope to all humanity and has become an economic giant.

"There is a difference between a nation that rises by coercion and one that rises by setting its people free -- that is India. India and the US have natural and enduring friendship," he said.

He also touched on India's cultural diversity and riches as he highlighted the success of its blockbuster movies like DDLJ (Dilwale Dulhania Le Jayenge) and Sholay, and its sporting icons like Sachin Tedulkar and Virat Kohli.

He highlighted the boom in the US economy under his presidency and added that India will soon be home to the biggest middle class as it will eliminate extreme poverty in in next 10 years.

On his part, Modi said ties between India and the US are no longer just another partnership but have touched far greater heights.

Welcoming Trump, he said a "new history" is being created.

Visit of President Trump to India with his family shows strong ties between India and the US, said Modi.

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