Pak never arrested Saeed for 26/11 attacks: Shinde

December 17, 2012

shinde

New Delhi, December 17: Calling Pakistan’s bluff, India on Monday said JuD chief Hafiz Saeed had never been arrested in connection with Mumbai terror attacks even though its Interior Minister Rehman Malik claimed so.

Making a statement in both Houses of Parliament, Home Minister Sushilkumar Shinde said Malik, who just concluded his visit here, was “misinformed” about the actual reasons for the arrest of Saeed whom India blames as the main conspirator in the 26/11 attacks.

“From the papers given to us, it is clear that the detentions of Hafiz Saeed in the aforesaid cases were for other reasons and not for his role as a conspirator in the 26/11 Mumbai terror attacks.

“Therefore, I can only say that Rehman Malik appears to have been misinformed in the matter,” Mr. Shinde said in Rajya Sabha, where BJP sought to corner the government, alleging that it had not responded strongly to controversial comments made by the Pakistan minister.

Mr. Shinde noted that Mr. Malik “has been telling us repeatedly that he had arrested Saeed thrice and that, on each occasion, he was let off by the courts for lack of evidence.

“We had been given to understand by the Interior Minister of Pakistan that Hafiz Saeed had been arrested on charges of being a part of the conspiracy for the 26/11 Mumbai terror attacks,” he said.

He said when India pursued the matter, Pakistan had given the papers pertaining to the detention of Saeed in 2002 and 2009.

During his talks with Mr. Malik, Mr. Shinde said Pakistan has been told that it was of “paramount importance” to bring those guilty of the terror strikes to justice to ensure that the Indo-Pak peace process proceeds in an atmosphere free of terrorism and violence.

“On a larger plane, it was stated that terrorism is affecting all aspects of the relationship and that we must deal with this menace effectively,” he said.

In the Lok Sabha, senior BJP leader Yashwant Sinha demanded that no talks should be held with Pakistan till the culprits of Mumbai terror attacks and the prime conspirator Saeed were handed over to India by Islamabad.

Maintaining that Mr. Malik’s statements during the visit had “hurt the prestige of the country”, he attacked Mr. Shinde for not countering his Pakistani counterpart and remaining “silent” during the entire period.

In the Rajya Sabha, BJP Deputy Leader Ravi Shankar Prasad said it was “a deliberate design” by Pakistan not to take action against Saeed as he enjoyed “the protection of the Pakistan government”, adding that this was “very disturbing”.

He charged Mr. Shinde with being “conspicuously silent” on many contentious issues raised by Mr. Malik during his visit, including that of the Babri Masjid demolition which he termed as “interference in the internal affairs of India.”

“If this was to be done, then why was he called,” Mr. Prasad posed. Later, members in the Upper House sought a discussion on the issue and Rajya Sabha Deputy Chairman P J Kurien agreed to the demand on the “serious” issue.

In his statement, Mr. Shinde said he especially mentioned to Pakistan the fact that “our investigations have shown that Hafiz Saeed was one of the masterminds of the 26/11 attack conspiracy and Pakistan has yet to take effective action to charge him.”

“I reiterated the value of the voice samples for establishing the identity of those who were audacious to be caught on tape while directing the attackers,” he said, adding he also emphasised the need to respond to the Letters Rogatory sent to Islamabad following the investigation by the National Investigation Agency.

Referring to the cases of non-compliance of Red Corner Notices against the absconders of 1993 Mumbai blasts case in which 400 people were killed, the Home Minister said this was “a blot on our bilateral cooperation in bringing fugitives from law to justice.”

“The D-company operatives, led by Dawood Ibrahim, still evade arrest,” Mr. Shinde said, adding that the US had recently designated Ibrahim has a “specially designated global terrorist” and another person of his group as “a drug kingpin.”

Shinde said that during Malik’s visit, he commended to Pakistan the mercy petition by the family of Sarabjeet Singh, who has been imprisoned there for more than 20 years.

The Pakistan side raised the issue of progress in investigation in the Samjhauta Express blast, he said, adding that it was clearly told to Islamabad that the progress of the probe could not be equated with the Mumbai terror attacks.

Shinde said New Delhi has already conveyed its approval to Pakistan Judicial Commission’s visit to India to complete the“cross examination” of four witnesses.

India also emphasised to the Pakistan side the need to ensure that the revised terms of Reference/Agreement needed to be worked out carefully in consultation with the senior law officers of both sides so that this time there are no legal lacunae.

“Accordingly, it was agreed that a team from India will visit Pakistan this week to settle this document so that the Judicial Commission may come at the earliest” when the courts open here in January, he said.

The Home Minister said that the visiting Minister was also told that this year India has seen concerted attempts by terrorists to infiltrate across the Line of Control in J&K and these have occurred across several sectors of the LoC.

Noting that there have been a large number of cases of unprovoked violation of the ceasefire, he said, “Our inputs indicate that the number of terrorist camps and launching pads in PoK remain intact. Thus, we are yet to see effective action on ground.”


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News Network
May 25,2020

New Delhi, May 25: Realtors' apex body CREDAI has written a letter to Prime Minister Narendra Modi, seeking immediate relief measures to tide over the crisis caused by the COVID-19 pandemic.

The association, which has around 15,000 developer members, has sought one-time debt restructuring, lower interest rate on home loans and tax sops to boost liquidity and demand in the sector.

In an open letter to the prime minister, the Confederation of Real Estate Developers' Associations of India (CREDAI) said, "In this distressful situation arising out of the COVID-19 calamity, we in the real estate sector seek immediate relief for our survival."

Stating that the sector contributes substantially to the country's GDP and has backward and forward linkages with almost 250 industries, CREDAI said, "Our survival, therefore, is not just desirable, it is rather crucial for the economy."

Liquidity crunch, stagnant demand and cartelization of raw materials are major impediments for the industry to kickstart, it added.

CREDAI made seven recommendations to revive the sector and sought immediate intervention from the prime minister.

Pointing out that the situation is "much worse" than global financial crisis in 2008, CREDAI said "a one-time restructuring scheme as was permitted by RBI in 2008 may be quickly instituted by all lending institutions."

Since real estate was already reeling under a cyclical downturn before COVID-19, debt restructuring needs to be allowed for all accounts which were standard as on December 31, 2019, it added.

CREDAI demanded that all banks, non-banking financial companies (NBFCs) and housing finance companies (HFCs) should be directed to provide additional credit equal to 20 per cent of the existing real estate project related advances with no additional security and without the classification of project as NPA.

The penal interest charged by banks and financial institutions should be suspended for a period of one year or until such time as it takes for the pandemic to abate.

To revive housing demand, CREDAI suggested that "government should reduce the maximum rate of interest on new home loans to 5 per cent by subsidizing the interest component of EMIs for next five years."

The limit of principal deduction on housing loan under Section 80C should be increased to 2.5 lakh.

Interest deduction under Section 24 on housing loan for homebuyers may be increased to Rs 10 lakh, it said.

There should be no capital gains for residential properties held for a period longer than one year.

CREDAI also demanded that the subvention scheme be allowed again by National Housing Bank (NHB) and the Reserve Bank.

Under the scheme, builders used to pay EMIs on behalf of homebuyers during construction of projects.

"The economic uncertainty and job insecurity at the moment would not allow purchase of residential property at this time. A scheme whereby a homebuyer would need to pay only margin money with no EMI for 24 months will address this insecurity," the letter said.

The association pointed out that prices of cement and steel have been increased during the lockdown period, and asked for crackdown on cartelisation by manufacturers.

On the GST front, CREDAI said that the current regime of GST provides a rate of 1 per cent  for affordable housing.

"The limit of Rs 45 lakh serves as a criterion of affordability for the purpose of GST. On all other housing, GST is applied at the rate of 5 per cent without input tax credit. It has been felt that the criterion of Rs 45 lakh is too low an index of affordability anywhere across the country, and especially so in the metros," the letter said.

It will serve as an inducement to buyers in the metros if the benefit of GST at the rate of 1 per cent is extended to units costing up to Rs 75 lakh, the association said.

CREDAI pointed out that the flat rate of 5 per cent GST for under construction residential housing is causing cost build up and is acting as a deterrent for sale of under construction projects since there is no GST on completed units.

It suggested that GST rate of 1 per cent and 5 per cent, without input tax credit, should continue.

"However, an option of GST @12 per cent for normal housing/ 8 per cent for affordable housing (with 1/3rd deduction for land i.e. effective GST rate of 8 per cent for normal housing and effective GST rate of 5 per cent for affordable housing) with input tax credit (ITC) benefits in line with the scheme applicable for the works contracts for government may be revived and made applicable to the real estate," the letter said.

Lastly, CREDAI demanded that a Rs 25,000 crore stress fund for completing stalled housing projects should be deployed at the earliest.

"We shall be grateful for your much-needed intervention for the above mentioned measures required to revive the real estate sector," CREDAI said in the letter to the PM.

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News Network
April 23,2020

Apr 23: Mukesh Ambani is again Asia's richest person after a deal with Mark Zuckerberg's Facebook Inc. sent his conglomerate's stock surging.

Ambani's fortune rose about $4.7 billion to $49.2 billion on Wednesday, after Reliance Industries Ltd. gained 10%. The jump put Ambani about $3.2 billion ahead of China's Jack Ma, according to the Bloomberg Billionaires Index. The ranking updates after the close of each trading day in the U.S.

Facebook Inc. will invest $5.7 billion in the U.S. social-networking giant's biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market. The U.S. company will buy about 10% of Jio Platforms, which brings together digital apps and a wireless platform under one umbrella, the Mumbai-based company said in a statement Wednesday.

Before Wednesday, Ambani -- who owns the world's largest oil refinery -- had declined by $14 billion on the index in 2020, the biggest dollar fall of anyone in Asia. Alibaba Group Holding Ltd.'s Ma, whose foundation this week donated 100 million masks to the World Health Organization to fight the Covid-19 pandemic, had lost almost $1 billion through Tuesday.

"At the core of our partnership is the commitment that Mark Zuckerberg, founder of Facebook, and I share for the all-around digital transformation of India," Ambani said in a web video posted on Jio's Facebook page, adding that Facebook's brands have become household names in India. "WhatsApp in particular, has entered our people's daily vocabulary in all the 23 official languages of India."

The partnership with Jio would allow Zuckerberg to step up his expansion in a country that is rapidly embracing online payment and e-commerce as more people get smartphones. Jio Infocomm quickly moved into a position of dominance by offering free plans and undercutting wireless market rivals.

With its half-billion internet users, the South Asian country is a key market for the world's largest technology companies, including Amazon.com Inc., Apple Inc., Microsoft Corp. and Alphabet Inc.'s Google. In India, Facebook has about 250 million users, while WhatsApp has more than 400 million.

That should help Jio bolster its reach, according to James Crabtree, author of 'The Billionaire Raj,' a book on the country's wealthiest people. But the transaction also shows the extent of Ambani's own influence, he said.

"This deal clearly shows that if you want to play big in Indian tech, you need to play nice with Mukesh Ambani."

Ambani's fortune rose about $4.7 billion to $49.2 billion on Wednesday, after Reliance Industries Ltd. gained 10%. The jump put Ambani about $3.2 billion ahead of China's Jack Ma, according to the Bloomberg Billionaires Index. The ranking updates after the close of each trading day in the U.S.

Facebook Inc. will invest $5.7 billion in the U.S. social-networking giant's biggest deal since the 2014 purchase of WhatsApp as it seeks a broader foothold in its biggest global market. The U.S. company will buy about 10% of Jio Platforms, which brings together digital apps and a wireless platform under one umbrella, the Mumbai-based company said in a statement Wednesday.

Before Wednesday, Ambani -- who owns the world's largest oil refinery -- had declined by $14 billion on the index in 2020, the biggest dollar fall of anyone in Asia. Alibaba Group Holding Ltd.'s Ma, whose foundation this week donated 100 million masks to the World Health Organization to fight the Covid-19 pandemic, had lost almost $1 billion through Tuesday.

"At the core of our partnership is the commitment that Mark Zuckerberg, founder of Facebook, and I share for the all-around digital transformation of India," Ambani said in a web video posted on Jio's Facebook page, adding that Facebook's brands have become household names in India. "WhatsApp in particular, has entered our people's daily vocabulary in all the 23 official languages of India."

The partnership with Jio would allow Zuckerberg to step up his expansion in a country that is rapidly embracing online payment and e-commerce as more people get smartphones. Jio Infocomm quickly moved into a position of dominance by offering free plans and undercutting wireless market rivals.

With its half-billion internet users, the South Asian country is a key market for the world's largest technology companies, including Amazon.com Inc., Apple Inc., Microsoft Corp. and Alphabet Inc.'s Google. In India, Facebook has about 250 million users, while WhatsApp has more than 400 million.

That should help Jio bolster its reach, according to James Crabtree, author of 'The Billionaire Raj,' a book on the country's wealthiest people. But the transaction also shows the extent of Ambani's own influence, he said.

"This deal clearly shows that if you want to play big in Indian tech, you need to play nice with Mukesh Ambani."

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Agencies
April 23,2020

More and more Indians have become better prepared in the last one month, as far as stocking of their ration, medicine or money is concerned, according to the IANS-CVoter COVID-19 Tracker.

With the second leg of the lockdown half way through and Prime Minister Narendra Modi saying it's a long haul, 57.2% respondents said they have less than three weeks of stock while 43.3% said they have a stock that will last beyond that

However, if one breaks into weeks, most respondents said they are prepared for a week's time. 24.5% respondents said they have ration, medicine or money to last a week. This is closely followed by 21.9 % respondents saying they are ready for a month.

Meanwhile, 20.4 % said they are ready for a couple of weeks. There are 15.8 % who said they are ready for more than a month with food, ration and medicine. A tiny 5.6 % said they are ready with three weeks of stock.

However, there is 12.3% who still seem to live on the edge with less than a week's preparation.

But, the biggest takeaway from the IANS-CVoter COVID-19 Tracker is that in the last one month, a massive segment of society realised that the fight is long and the preparation should also be to last that long.

o put things into context, on March 16 when the tracker started, a whopping 77.1% said they have stock to last for less than a week. More than a month later on April 21, that number jumped to just 12.3%, which essentially means, people have become better prepared for a long-hauled lockdown period.

Similarly, on April 21, a sizable 21.9% respondents claimed they are ready with ration and medicine that will last them a month. On March 16, not even one respondent could claim they have a month's stock. In fact till March 22, just ahead of the announcement of the first lockdown, no respondent the IANS-CVoter tracker said that they have a month's preparation.

Similarly, when the tracker started, 9.9% said they simply ‘don't know'. As on April 21, that number is a big zero.

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