India won't remain passive if attacked: Army chief

January 14, 2013

army_chiefNew Delhi, Jan 14: Terming as "unpardonable" the beheading of a soldier by Pakistan on the Line of Control, Army chief Gen Bikram Singh on Monday warned that India's military will retaliate aggressively in case of any further provocation.

Talking tough, he said the killing of two Indian soldiers on the LoC in Mendhar area of Jammu and Kashmir on January 6 was a pre-planned and pre-meditated action by Pakistani troops and India reserves the right to retaliate at "time and place of its choice".

Addressing a press conference here on the eve of Army Day, Gen Singh said India's response to Pakistani firing at its posts in LoC in J and K is measured and perfect.

He said the ceasefire, in place since November 2003, has been holding except for "some aberrations" for which he squarely blamed Pakistan.

"Beheading (of Lance Naik Hemraj) is unacceptable and unpardonable," the Army chief said about the incident in which Pakistan soldiers crossed into the Indian territory to attack Indian Army patrol party.

"It (the attack) was stage-managed and pre-planned (by Pakistan). They (Pakistan) have planted lies to justify what they have done," he said.

He said the attack was carried out by Pakistan army personnel but did not rule out the possibility of Lashkar-e-Taiba terrorists being associated with it.

Gen Singh said while the issue is being taken up with Pakistan at government and military levels, directions have been given to Army commanders to respond immediately if provoked.

"India reserves its right to retaliate at the time and place of its choice. We won't remain passive when attacked," he said, adding he expected "commanders to be aggressive and offensive."

Hitting out that the Pakistan army, Gen Singh said beheading is against all rules of engagement.

At the same time, he said there were some "tactical errors" on part of the local unit which will be looked into later as an inquiry at the moment will affect the morale of the forces.

"Our teams should be balanced to take on the onslaught of the enemy," the Army chief said.

Putting the onus of maintaining the ceasefire on Pakistan, the Army chief said India will uphold it as long as the "adversary" does.

He applauded the Indian Army Commanders at the LoC, saying they did a "great job". Gen Singh discounted the possibility of the skirmish leading to a full-fledged war and was dismissive of Pakistan's nuclear blackmail, saying it had no relation to the local conflict. "Indicators does not show upping the ante," he said.

On any response to the Pakistani action, he said it has to be the decision of the government.

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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
July 14,2020

New Delhi, Jul 14: India's COVID-19 tally breached the 9 lakh mark as 28,498 new coronavirus cases were reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Tuesday.

As per the Health Ministry, there are a total of 9,06,752 coronavirus cases in the country of which 3,11,565 patients are active cases.

5,71,459 patients have been cured/discharged while one patient has been migrated, the Ministry informed further.

553 more deaths due to COVID-19 were reported in the last 24 hours in the country, taking the number of patients succumbing to the virus to 23,727.

The Centre further informed that India's recovery rate from COVID-19 stands at 63.02 per cent while the recoveries and deaths ratio stood at 96.01 per cent and 3.99 per cent respectively.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,60,924 COVID-19 cases and 10,482 fatalities. While Tamil Nadu has a tally of 1,42,798 cases and 2,032 deaths due to COVID-19.

Delhi has reported a total of 1,13,740 cases and 3,411 deaths due to COVID-19.

As per the information provided by the Indian Council of Medical Research (ICMR) 1,20,92,503 samples have been tested for COVID-19 till July 13, of these 2,86,247 samples were tested on Monday.

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News Network
January 28,2020

New Delhi, Jan 28: Kolkata Metro Rail Corp expects to complete its East-West project, which runs partly under the city’s iconic Hooghly river, by March 2022 after a delay of several years doubled costs.

The authority is awaiting a final installment of Rs 20 crore ($2.8 million) over the next two years from the Indian Railway Board, said Manas Sarkar, managing director at KMRC. A soft loan of Rs 4,160 crore from Japan International Cooperation Agency helps fund 48.5% of the project.

India’s oldest metro, which started in 1984 with a North-South service, was due to expand by 2014 but faced problems including squatters on the planned route. These issues have contributed to the total project cost rising to about Rs 8,600 crore for some 17 kilometers from Rs 4,900 crore for 14 km.

“About 40% of total transport demand will be tackled by these two metro services,” Sarkar said in an interview at his office in Kolkata. “It will be a relief for environmental pollution and the city should be much more decongested.”

The new line is expected to carry about 900,000 people daily, -- roughly 20% of the city’s population -- and will take less than a minute to cross a 520-meter underwater tunnel. Depending on the time of day, it takes some 20 minutes to use the ferry and anywhere upward of an hour to cross the Howrah bridge.

KMRC will repay the JICA loan over 30 years after an initial six-year moratorium. The interest rate is between 1.2% to 1.6%. The East-West metro project is 74% owned by the railway ministry and 26% by the ministry of housing and urban affairs.

“We don’t anticipate any further cost escalation now,” Sarkar said.

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