India prepared for US pullout from Afghanistan: Govt

February 7, 2013

Indian_army

Bangalore, Feb 7: India is taking steps to face any eventuality that may arise after the US begins to pull out its troops from Afghanistan next year, defence minister AK Antony said here on Wednesday.

"We are taking steps to safeguard our country from any eventuality that may arise after the US withdraws all its combat troops from Afghanistan," Antony told reporters at an aerospace event here on Wednesday.

Terming the geo-political situation in the region "very critical", Antony said the complete withdrawal of the US troops from Afghanistan would be a matter of concern for India as hostile forces could pose a threat to the country from across the border.

"Nobody can threaten our country as our armed forces are fully prepared to take on any threat to our national security. We are equipping all the three services with the latest warfare equipment from within the country and overseas," Antony said.

Concerned about Gwadar

Noting that the transfer of the Gwadar port to China by Pakistan was also a matter of concern for India, the defence minister said though the Chinese were building the port on Pakistan's request, their presence would be assessed from security interest.

The Pakistan government January 30 transferred the management of the strategic Gwadar deep sea port in the Arabian Sea from Singapore to China Overseas Port Holdings Ltd, which played a key role in its construction.

"As the Chinese constructed that port, Pakistan handed it over to China in mutual interest. It (presence of China) is a matter of concern us. My answer is simple and straightforward: We will keep an eye on it," Antony said.

Located between the apex of the Arabian sea and the mouth of the Persian Gulf, Gwadar port is 400 km away from the Strait of Horumuz, through which global oil supplying tankers pass.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
June 12,2020

New Delhi, Jun 12: India's COVID-19 tally on Friday witnessed its highest-ever spike of 10,956 cases, according to the Union Ministry of Health and Family Welfare (MoHFW).

396 deaths have been reported due to the infection during the last 24 hours.

The total number of coronavirus cases in the country now stands at 2,97,535 including 1,41,842 active cases, 1,47,195 cured/discharged/migrated and 8,498 deaths.

COVID-19 cases in Maharashtra continue to soar with the number reaching 97,648. Tamil Nadu's coronavirus count stands at 38,716 while cases in Delhi reached 34,687.

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News Network
March 2,2020

Feb 2: The Supreme court on Monday decided to hear on March 4 a plea seeking registration of FIRs against politicians for hate speeches which allegedly led to violence in the national capital.

A bench headed by Chief Justice S A Bobde agreed to hear the plea filed by riots victims.

The petition was mentioned for urgent listing by senior advocate Colin Gonsalves, appearing for the riots victims.

Gonsalves said that the Delhi High Court has deferred for four weeks the matters related to riots in the national capital despite the fact that people are still dying due to the recent violence.

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