Army mum as ghost of 1995 western tourists' killing returns

August 6, 2012

army_mum

New Delhi, August 6: More than three months after the release of an explosive book on the 1995 abduction of six western backpackers by militants in Kashmir, neither the Army nor the Centre has responded to the authors' allegations that the government did not rescue the hostages despite having intelligence on the movement of the captors. TOI's attempts over a period of two weeks to get a reaction from the Army were met with silence.

The events date back to July 1995, when a terror outfit called al-Faran, an offshoot of the Harkat ul-Ansar, is believed to have abducted the tourists to negotiate the release of 21 comrades locked up in Indian prisons. These included Jaish-e-Muhammad ideologue Maulana Masood Azhar (who was released in 1999 in exchange for IC814 passengers) and British national Omar Sheikh (who would later kill journalist Daniel Pearl).

One of the abducted tourists, American John Childs, escaped; but four others — Keith Mangan (British), Paul Wells (British), Donald Hutchings (American) and Dirk Hasert (German) — vanished without a trace. A fifth, Hans Christian Ostro ( Norway), was found dead with his head 40 feet from the torso.

Now, 17 years later, those horrific events have been revisited in the book, The Meadow, written by British journalists Adrian Levy and Cathy Scott-Clark. It hit the stores in April this year.

The book does not just hint that the government wasn't keen on mounting a rescue, quoting crime branch sources, it claims it wasn't al-Faran but forces loyal to the government that had bumped off the tourists with the connivance of the special task force and the Army.

The then Narasimha Rao government, the book alleges, wanted to use the hostage crisis as a tool to build international pressure on Pakistan. It says the government had intelligence about the movement of the terrorists and the hostages, including high-resolution images taken by an armed forces helicopter.

'Raped for telling truth'

In another fantastic claim, the book says when a woman foreign tourist who had seen five hostages being taken away to Aru on July 5, 1995, reported the matter to the nearest Rashtriya Rifles (RR) camp, a major raped her.

It says the RR ran informer networks of surrendered militants (or renegades) and had put in place a cash-for-corpses incentive scheme. The renegades used to be paid between Rs 10,000 and Rs 20,000 per corpse depending on the seniority of the slain militant; but the RR never conducted any physical verification of the bodies, the book says.

In the face of such serious charges, TOI decided to elicit an Army reply. We tried to speak to Major General SL Narasimhan, additional director general public information (ADGPI), Indian Army. We called him up at his office at South Block in New Delhi on July 10 and asked for his reaction on the book. He expressed ignorance about the book and instead asked TOI for details.

After being briefly told about the book's contents, the Major General said, "Many people will say many things about a lot of issues. That doesn't mean any of it is true." He then promised to revert with a specific response after reading the book. We called Maj Gen Narasimhan again on July 12 but his PA said he was busy and asked us to call up after 5pm. When we did, we were told the general had left for the day. We asked for the general's email ID, which the PA said he didn't have.

Next, we tried to reach military secretary Lt Gen Syed Ata Hasnain, who was, until June, the general officer commanding of 15 Corps based in Srinagar. The RR — a crack counter-insurgency force — is under the operational command of 15 Corps. Gen Hasnain was unavailable on July 12 and the next day.

We then asked for Gen Hasnain's staff officer, Colonel Anupam Singh Randhawa. He was available. "I have read the book; but, I am afraid, I cannot say anything about it. You see, I can fix up an interview with Gen Hasnain only if the ADGPI permits. You will have to speak to him about it," Randhawa said. We turned to the ADGPI and again found him "busy".

Once again, we asked for his email ID; but this time, the PA asked us to speak to Colonel H Sawhney, director, media. He gave us an email ID and told us he would pass on the message to Gen Narasimhan. So, on Friday, July 13, we sent the email. The reply never came. We contacted the ADGPI again on July 25 to find out if he had read the book and was willing to comment. This time he was "busy having lunch".


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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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Agencies
May 17,2020

New Delhi, May 17: The HRD Ministry on Saturday postponed announcement of the exam schedule for pending class 10 and 12 board exams, saying the CBSE is still considering certain technical aspects before finalising the datesheet.

The ministry had earlier announced that it would notify the schedule at 5 pm on Saturday.

"CBSE is taking into consideration some additional technical aspects before finalizing the datesheets of the board exams of classes 10th and 12th, due to which, the datesheets will now be released by Monday i.e. 18-05-2020. Inconvenience caused is sincerely regretted (sic)," Union HRD Minister Ramesh Pokhriyal 'Nishank' tweeted.

The ministry had last week announced that the pending class 10 and 12 CBSE exams, which were postponed due to the COVID-19-induced lockdown, would be conducted from July 1 to 15.

However, the schedule as well as the modalities and guidelines have not been announced yet.

While class 12 exams will be conducted across the country, the class 10 exams are only pending in North East Delhi where they were affected due to the law and order situation.

Universities and schools across the country have been closed and exams postponed since March 16 when the Centre announced a countrywide classroom shutdown as one of the measures to contain the COVID-19 outbreak.

Later, a nationwide lockdown was announced on March 24, which has now been extended till May 17.

The board was not able to conduct class 10 and 12 exams on eight examination days due to the coronavirus outbreak.

Further, due to the law and order situation in North East Delhi, the board was not able to conduct exams on four examination days, while a very small number of students from and around this district were not able to appear in exams on six days.

The board had last month announced that it will only conduct pending exams in 29 subjects which are crucial for promotion and admission to higher educational institutions.

The modalities of assessment for the subjects for which exams are not being conducted will be announced soon by the board.

The schedule has been decided in order to ensure that the board exams are completed before competitive examinations such as engineering entrance JEE-Mains, which is scheduled from July 18-23, and medical entrance exam NEET, which is scheduled on July 26.

The University Grants Commission (UGC) has issued guidelines to universities that the new academic session for freshers will begin from September while for the existing students from August.

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News Network
May 19,2020

New Delhi, May 19: Spitting at workplace will be punishable with fine, the Personnel Ministry has said, citing the national directives for COVID-19 management.

In an order issued to all central government departments, it has asked their heads to ensure strict compliance of this and other directives in this regard.

This order is likely to bring about changes in and around government and private work places, where one can easily spot stains of 'pan' and 'gutka' spitted at some of the corners of walls or areas not frequented by many employees/public.

"Spitting in public and work places shall be punishable with fine, as may be prescribed in accordance with its laws, rules and regulations by the state/union territory local authority," said the national directives issued by the Home Ministry and shared by the Personnel Ministry with all central government departments.

It said wearing 'face cover' is compulsory in all public and work places.

In additional directives for the work places, the ministry said as far as possible, the practice from work from home should be followed.

"Staggering of work/business hours shall be followed in offices, work places, shops, markets and industrial and commercial establishments. Provision for thermal scanning, hand wash and sanitiser will be made at all entry and exit points and common areas," the directives said.

Frequent sanitization of the entire workplace, common facilities and all points which come into human contact e.g. door handles etc., shall be ensured, including between shifts, it said.

"All persons in charge of work places shall ensure social distancing through adequate distance between workers, adequate gaps between shifts, staggering the lunch breaks of staff, etc," the directive said.

The Centre on Monday asked 50 per cent of its junior employees, below the level of deputy secretary, to join work in office.

Till now, only 33 per cent of such employees were asked to attend office due to the novel coronavirus lockdown.

Central government employees were asked to work from home due to the lockdown that came into force from March 25.

All officers of the level of deputy secretary and above have already been asked to attend office on all working days.

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