'Legacy & sanctions made Rao decide against nuke tests'

February 23, 2013

Narasimha_RaoWashington, Feb 23: The prospect of a crippling economic sanctions, "improving" electoral chances and his "desire" to be noted as the architect of India's economic revolution might have prevented the then Prime Minister Narasimha Rao from going for nuclear tests in the winter of 1995-96.

This was the conclusion that the Clinton Administration had arrived which for weeks in December and then in January mounted pressure on India by itself and through its allies warning New Delhi against going ahead with nuclear tests in Pokharan, in support of which it provided satellite imageries to the Indian Government.

According to the classified American cables released yesterday by the National Security Archive, which it obtained from the federal government under the freedom of information act, it was by December 10, 1995 that US intelligence agencies informed the Clinton administration about an impending Indian nuclear tests at Pokharan resulting in a flurry of activities by the US. And it was by January 24, 1996, the Clinton Administration concluded that Rao has decided against conducting the nuclear tests.

"Prime Minister Rao probably will not authorise a nuclear test in the near future despite indications that a site in western India is being upgraded for that purpose," a State Department cable concluded on January 24, 1996.

"Though a nuclear test might boost his re-election prospects in April, it would almost certainly provoke international sanctions against India and further jeopardise his government's economic liberalisation program," the cable said.

The Clinton Administration, it said, first became aware of the increased activity at Pokhran in November 1995, adding that the activities included improved perimeter security, other infrastructural upgrades and placement of a large amount of dirt – believed to be stemming material to cover a device once it has been lowered down a test hole – next to drill shafts.

The cable explains why Rao apparently decided against the nuclear test. "Even without a nuclear test, there are indications that Rao's electoral prospects are beginning to improve. Recent allegations that many of Rao's opponents, both inside and outside the Congress party, may have been involved in a major corruption scandal, have given him a tactical advantage as the campaign commences," the secret document said.

According to the cables, the analysts then predicted that Congress party will win sufficient seats in the new parliament to cobble together a coalition government designed to exclude the BJP from power.

"His last hurrah. As he prepares to fight an aggressive election campaign, Rao probably has one eye on posterity. A reluctant Prime Minister even in 1991, Rao is nearly 75 years old and in indifferent health. He almost certainly hopes he will be remembered for his most important contribution, the liberalisation of India's economy.

"For the economy to continue and grow and attract foreign investment, Rao must avoid provoking the west in particular the United States – which would seek to restrict international aid and investment to India in the event of a test. These hard realities, coupled with his natural caution, probably will constrain him from approving a test," the secret US document concluded.

In another classified US document, which was prepared to respond to the questions from US lawmakers on this issues, Narasimha Rao is described as someone who does not take rash actions. "PM Rao is by temperament and character a cautious and practical man not given to rash action. There is no direct evidence he has made a decision to test," said the document.

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News Network
June 5,2020

New Delhi, Jun 5: India registered its highest spike in COVID-19 cases with 9,851 more cases and 273 deaths reported in the last 24 hours. The total number of cases in India reached 2,26,770 including 1,10,960 active cases, said the Union Ministry of Health and Family Welfare.

The Ministry informed that 1,09,462 persons have been cured/discharged/migrated while 6,348 people have succumbed to the disease so far.

Maharashtra has so far reported 77,793 cases, more than any other state in the country, while the total number of active cases in the state stands at 41,402.

In Tamil Nadu, 27,256 cases have been detected so far while Delhi has reported 25,004 coronavirus cases.

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News Network
February 9,2020

Mumbai, Feb 9: Given the slow progress on the ongoing Rs 38,000-crore capacity expansion at the four largest metro airports, and also the surging traffic, the snaky queues will continue at least till 2023, warns a report.

The four largest airports -- New Delhi, Mumbai, Bengaluru and Hyderabad -- handle more than half of the traffic and are operating at 130 per cent of their installed capacity. These airports are under a record Rs 38,000-crore capex but the capacity will not come up before end-2023, says a Crisil report.

“With the dip in traffic growth largely behind, we expect congestion at the top four airports of New Delhi, Mumbai, Bengaluru and Hyderabad, which handle more than half of the load, to continue till about FY23,” says the report.

Already these airports are operating at over 130 percent of installed capacity, and the ongoing healthy traffic growth this operating rate is expected to rise further in the next 12 months.

“Operationalising of capacities in the following two fiscals will bring down utilisation levels albeit still high at over 90 per cent by fiscal 2023 and that is despite an unprecedented Rs 38,000 crore capex being undertaken by the operators of these airports over five fiscals 2020-24,” says the report.

Despite this unprecedented capex that is debt-funded, ratings are likely to be stable given the strong cash flows expected due to healthy traffic growth, low project risks associated with the capex and improving regulatory environment, notes the report.

“Capacity at these four airports will increase a cumulative 65 per cent to 228 million annually (from 138 million now) by fiscal 2023. However, traffic is expected to grow strong at up to 10 per cent per annum over the same period. Since additional capacities will become operational in phases only by fiscal 2023, high passenger growth will add to congestion till then,” warn the report.

High utilisation will ride on pent-up demand (accumulated in 2019 as traffic was impacted with the grounding of Jet Airways) and one-off issues with new aircraft of certain airlines.

Further impetus will also come from improving connectivity to lower-tier cities and reducing fare difference between air and rail. Increasing footfalls at airports provide a leg-up to non-aero streams such as advertising, rentals, food and beverage and parking, which comprise around half of the revenue of airports already.

These are expected to grow strongly at over 10-12 per cent, also supported by higher monetisation avenue coming along with current capex. The other half of revenue (aero revenue) is an entitlement approved by the regulator, providing a pre-determined, fixed return over the asset base and a pass-through of costs.

Aero revenue is also expected to get a bump up during fiscals 2022-24, when a new tariff order for airports is likely. Overall aggregate cash flows are likely to double by fiscal 2024 and provide a healthy cushion against servicing of debt contracted for capex, the report concludes.

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News Network
January 28,2020

Jehanabad, Jan 28: Anti-CAA activist Sharjeel Imam, who was on the run after sedition charges were slapped against him for allegedly making inflammatory statements, was arrested from Bihar's Jehanabad district on Tuesday, the state's police chief Gupteshwar Pandey said.

The JNU scholar was wanted by police of several states, including Uttar Pradesh, Assam, Manipur, Arunachal Pradesh and Delhi.

"Sharjeel Imam has been arrested from his native Kako village in Jehanabad," Bihar's director-general of police Gupteshwar Pandey said.

Earlier in the day, Sharjeel Imam’s brother was picked up by police in a fresh attempt to trace the anti-CAA activist.

Police had raided his ancestral home on Sunday as it went hunting for him but Imam eluded the dragnet.

He is likely to be produced in a Bihar court where police will seek his remand for questioning. It is not yet clear whether he will be questioned in Bihar or taken to the national capital.

A graduate in computer science from IIT-Mumbai, Imam had shifted to Delhi to pursue research at the Centre for Historical Studies at Jawaharlal Nehru University.

He was slapped with a sedition case after a video of his purported speech went viral on social media in which he was heard speaking about "cutting off" Assam and the Northeast from the rest of India.

"If five lakh people are organised, we can cut off the Northeast and India permanently. If not, at least for a month or half a month. Throw as much 'mawad' (variously described as pus or rubbish) on rail tracks and roads that it takes the Air Force one month to clear it.

"Cutting off Assam (from India) is our responsibility, only then they (the government) will listen to us. We know the condition of Muslims in Assam....they are being put into detention camps," he was shown in the video as saying.

Meanwhile, reacting to Imam's arrest, Bihar chief minister Nitish Kumar said people have the right to protest but nobody can talk about the country's disintegration.

Kumar told reporters that police must have acted in accordance with law in arresting Imam and now the courts will take appropriate action.

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