Peace at borders must for development, harmony: Mukherjee

October 6, 2013
Istanbul, Oct 6: A country cannot achieve development and harmony if there is no peace at its borders, President Pranab Mukherjee has said, days after he rejected Pakistan's contention that "non-state actors" were behind terror attacks in India.

"We have learnt the difficult way that unless there is peace at our borders, development and harmony cannot be achieved," he said while accepting an honorary degree from prestigious Istanbul University here yesterday, soon after arriving from Belgium.

The University honoured Mukherjee by conferring the 'Doctorate, Honoris Causa, in Political Science' for his achievements political life and contributions to governance and democracy in India.

"India and Turkey live in extremely difficult geographies, and both of us are aware of the grave challenges to our security, internal as well as external. However, I am sure you would agree that India's commitment to peace is unfailing. We continue to sustain moderation, pluralism and tolerance in our society," Mukherjee said.pranabdaa

Talking about commonality in India and Turkey's political structures, he said, "The success of our (India and Turkey) democratic institutions lies in responding to the challenges of our time and the hopes and aspirations of our people. They have to usher in the change and achieve the progress that we desire in our two countries."

Before leaving for the two-nation trip, Mukherjee had rejected Pakistan's contention that "non-state actors" were behind terror attacks in India, saying such elements were not coming from heaven but from territory under its control.

"...non-state actors, that is the phrase they used, then I responded by saying that non-state actors are not coming from heaven. Non-state actors are coming from territory under your (Pakistan's) control," he had told Euronews.

Mukherjee, who is on a three-day visit to Turkey, also emphasised on the absence of good governance as the root cause of many of the serious deficiencies in societies.

He identified good governance to be the essential, the most basic philosophy with the rule of law and justice being the most important tenets of good governance.

Mukherjee said, "It (absence of good governance) robs the citizenry of their security, and of their social and economic rights, ironically established for their welfare and collective good. Good governance is critically dependent on the existence of some fundamental pre-requisites."

"At the core is the inviolable adherence to rule of law and delivery of justice. From these principles would emanate the existence of participatory decision-making structure, transparency, responsiveness, accountability, equity and inclusiveness," said Mukherjee.

"This would particularly imply the existence of a corruption free society and the presence of adequate avenues especially for the marginalised sections to have a definitive role in decision-making. In brief, good governance means the existence of an elaborate architecture that has the good of the people as their only foci," he said.

Mukherjee, while talking about his vision of India in the year 2047, said, "I certainly hope that with all this, in 2047—after one hundred years of independence—my vision of an India fully transformed into a democratically mature, stable and peaceful nation with freedom and opportunity for all will become a reality. It will be an India that is economically prosperous at all levels of society."

He also said India is no longer defined by her problems but by her achievements and the opportunities it offers. However, achieving equitable economic growth is still a challenge.

While accepting the Doctorate, the President said, "While I am humbled by this honour, this recognition, in my view, is due to the Indian nation and its people. India is a developing economy. It has pursued a democratic model of governance to provide opportunity for the development of every individual.

"India's democracy is an inspiration to the forces of liberty around the world. When we started our journey of democracy in 1947, we were a new nation with a handful of challenges. We have overcome trials and tribulations and grown in strength to be a vibrant democracy today," he said.

Dwelling on democracy, the President India and Turkey share a deep commonality in respective political structures and the success of lies in the democratic institutions in responding to the challenges.

"They have to usher in the change and achieve the progress that we desire in our two countries. A key factor that can contribute to its achievement is Good Governance," he said.

"Good governance is critically dependent on the existence of some fundamental pre-requisites. At the core is the inviolable adherence to rule of law and delivery of justice. From these principles would emanate the existence of participatory decision-making structure, transparency, responsiveness, accountability, equity and inclusiveness," he said.

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News Network
July 18,2020

Washington, Jul 18: The government of India has agreed to allow US air carriers to resume passenger services in the US-India market starting July 23, the US Transportation Department said on Friday.

The Indian government, citing the coronavirus, had banned all scheduled services, prompting the US Transportation Department in June to accuse India of engaging in "unfair and discriminatory practices" on charter air carriers serving India.

The Transportation Department said it was withdrawing an order it had issued requiring Indian air carriers to apply for authorization prior to conducting charter flights, and said it had approved an Air India application for passenger charter flights between the United States and India.

A group representing major US airlines and the Indian Embassy in Washington did not immediately comment on Friday.

India's Ministry of Civil Aviation said on Twitter it was moving to "further expand our international civil aviation operations" and arrangements from some flights "with US, UAE, France & Germany are being put in place while similar arrangements are also being worked out with several other countries."

"Under this arrangement," it added, "airlines from the concerned countries will be able to operate flights from & to India along with Indian carriers."

The US Transportation Department order was set to take effect next week. The Trump administration said in June it wanted "to restore a level playing field for US airlines" under the US-India Air Transport Agreement. The Indian government had banned all scheduled services and failed to approve US carriers for charter operations, it added.

The US government said in June that Air India had been operating "repatriation" charter flights between India and the United States in both directions since May 7.

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July 5,2020

Ahmedabad, Jul 5: A woman police sub-inspector (PSI) with Ahmedabad Police was arrested and sent to three-day police remand, on Saturday, for allegedly accepting a bribe of Rs 20 lakh from an Ahmedabad-based businessman — accused in two rape cases — in exchange for not applying a stringent act against him.

According to police officials, Shweta Jadeja, PSI and incharge of Mahila police station (West) in the city, was arrested by a team of Detection of Crime Branch (DCB) officials in Ahmedabad on Friday after the complainant in the case, the rape accused, approached the Crime Branch and stated that Jadeja had allegedly demanded Rs 35 lakh form him, in exchange for not booking him under the Prevention of Anti-Social Activities (PASA) Act.

The PASA Act in Gujarat gives power to the police to detain an accused and send them to a prison away from their native district. The complainant claimed that he already paid Rs 20 lakh of the total amount to Jadeja on February 3.

On Saturday, a sessions court awarded Jadeja a three-day remand with the Crime Branch, which will end at 11:30 am on July 7. Following this, the PSI will undergo a medical check-up and be presented before the magistrate again.

“We had originally demanded a seven-day remand. The accused officer has been sent to three-day remand for further investigation in the case,” said a senior police official in Ahmedabad.

According to police, complainant Kenal Shah — managing director of GSP Crop Science Private Limited, a crop solution-based company in Ahmedabad — is allegedly facing two separate rape cases under IPC section 376.

PSI Jadeja was first entrusted with the investigation of a rape case against Shah in January this year, lodged at Mahila police station (West).

The rape case complaint is of 2019. Another rape case against Shah was being probed by Assistant Commissioner of Police (Crimes Against Women), Mini Josef, wherein the investigation was reportedly completed.

As per the remand application report filed by the police, Jadeja had allegedly threatened Shah through his brother Bhavesh Shah — a joint managing director at GSP Crop Science Private Limited — and initially demanded Rs 25 lakh for not applying the PASA Act against the accused. The bribe amount was then settled at Rs 20 lakh and in February, the accused allegedly paid the amount via an office accountant to one Jayubha, allegedly a representative of Jadeja, from a finance office in Jamjodhpur area of Ahmedabad.

The report further stated that after the initial amount was paid, a third complaint was allegedly made against Kenal by a security officer at his office, Yograjsinh, for criminal intimidation. After the third complaint, PSI Jadeja had contacted Bhavesh again and demanded an additional sum of Rs 15 lakh for not applying the PASA Act against Kenal. The complaint from the security officer was not converted into an FIR and Shah has not been jailed yet.

However, It was after the demand of Rs 15 lakh that complainant Kenal approached the Crime Branch on June 27. An FIR was lodged against Jadeja at Ahmedabad DCB police station under sections seven and twelve of the Prevention of Corruption Act, charging her for “public servant taking gratification other than legal remuneration in respect of an official act”.

“Now that we have received the remand of the accused officer from the court, we will try to trace and recover the alleged Rs 20 lakh amount she received in this case,” said Deepan Bhadran, Deputy Commissioner of Police, Ahmedabad.

Shweta Jadeja is a PSI of the 2016-’17 batch and a resident of Vastrapur in Ahmedabad, while her native place is in Keshod of Junagadh district. The police have not recovered the bribe amount she allegedly accepted as of late Saturday.

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News Network
February 2,2020

Feb 2: Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped as a proposal to scrap the dividend distribution tax for companies failed to impress investors.

"Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary."

India has gone from being the world’s fastest-growing major economy three years ago, expanding at 8%, to posting its weakest performance in more than a decade this fiscal year, estimated at 5%.

While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of spurring demand in the consumption-driven economy. Saturday’s budget just added to the glum sentiment.

Okay Budget

“It’s an okay budget but not firing on all cylinders that the market was hoping for,” said Andrew Holland, chief executive officer at Avendus Capital Alternate Strategies in Mumbai.

The government had limited scope for a large stimulus given a huge shortfall in revenues in the current year. The slippage induced Sitharaman to invoke a never-used provision in fiscal laws, allowing the government to exceed the budget gap by 0.5 percentage points. The result: the deficit for the year ending March was widened to 3.8% of gross domestic product from a planned 3.3%.

On Friday, India’s chief economic adviser Krishnamurthy Subramanian said reviving economic growth was an “urgent priority” and deficit goals could be relaxed to achieve that. The adviser’s Economic Survey estimated growth will rebound to 6%-6.5% in the year starting April.

The fiscal gap will narrow to 3.5% next year, as the government budgeted for gross market borrowing to rise marginally to 7.8 trillion rupees from 7.1 trillion rupees in the current year. A plan to earn 2.1 trillion rupees by selling state-owned assets in the year starting April will also help plug the deficit.

Total spending in the coming fiscal year will increase to 30.4 trillion rupees, representing a 13% increase from the current year’s budget, according to latest data.

Key highlights from the budget:

* Tax on annual income up to 1.25 million rupees pared, with riders

* Dividend distribution tax to be levied on investors, instead of companies

* Farm sector budget raised 28%, transport infrastructure gets 7% more

* Spending on education raised 5%

* Fertilizer subsidy cut 10%

Analysts said the muted spending plan to keep the deficit in check will lead to more downside risks to growth in the coming months.

“It is very doubtful that the increase in expenditure will push demand much,” Chakravarthy Rangarajan, former governor at the Reserve Bank of India told BloombergQuint, adding that achieving next year’s budget deficit goal of 3.5% of GDP was doubtful.

With the government sticking to a conservative fiscal path, the focus will now turn to central bank, which is set to review monetary policy on Feb. 6. Given inflation has surged to a five-year high of 7.35%, the RBI is unlikely to lower interest rates.

What Bloomberg’s Economists Say:

The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.

-- Abhishek Gupta, India economist

Governor Shaktikanta Das may instead focus on unconventional policy tools such as the Federal Reserve-style Operation Twist -- buying long-end debt while selling short-tenor bonds -- to keep borrowing costs down.

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