Haven’t become PM of India to redraw border: Manmohan Singh to Nawaz Sharif

October 26, 2013

Manmohan_SinghNew Delhi, Oct 26: Prime Minister Manmohan Singh's displeasure with Pakistani PM Nawaz Sharif's on failing to restore ceasefire on the border followed a blunt message he delivered to Sharif in New York about a month ago when he said, "I have not become prime minister of India to redraw the boundary."

The PM's September 29 meeting with Sharif, which took place amid escalating firing on the Line of Control and the international border, began with Singh making no bones about his resolve to protect India's territorial integrity.

In fact, Singh's "Churchillian moment", reminiscent of the British leader's declaration in 1942 that he had not become the King's first minister to "preside over the liquidation of the British Empire", even surprised his senior aides as the PM brushed aside Sharif's arguments.

Singh responded to Sharif's attempt to raise India's "role" in Baluchistan, saying the matter had been raised by previous Pakistani PMs as well without an iota of proof being offered. The firmness must have struck Sharif, considering that it was Singh who heeded Islamabad's insistence to put Pakistan's allegation of Indian meddling in Baluchistan on the bilateral agenda.

Sources said Singh's unusually sharp words expressing his "big disappointment" with Sharif on Friday indicate his annoyance over the Pakistani PM not heeding an unambiguous signal that firing on the LoC and the border must stop.

On his way back from Beijing, Singh told the media, "Let me say that I am disappointed, because in the New York meeting, there was a general agreement on both the sides that peace and tranquility should be maintained on the border, on the Line of Control as well as on the international border and this has not happened."

In the New York meeting, Singh had also categorically rejected the Pakistani suggestion that restoration of the 2003 ceasefire agreement could be discussed by a politico-military committee, insisting the matter be sorted out at the military level.

The PM made it plain that Indian and Pakistani directors general of military operations must sort out the ceasefire violations and restore peace and tranquillity on the LoC and the international border.

Singh's insistence on the DGMO mechanism stemmed from India's view that Pakistan's civilian government could not be less accountable than the military. "The government in Pakistan is expected to implement the agreement arrived at in New York," said sources.

Singh's tough talk on Friday signals his waning patience as the political calendar in India begins to rapidly move towards the 2014 elections and Congress wards off the opposition charge of being soft on Pakistan's aggression on the borders.

Sources said the PM junked his moderate approach — even when being critical of Pakistan — as he felt nothing short of an unequivocal comment would work, given the rising tensions on the J&K border and LoC.

On Friday, the PM did express the hope that Sharif would "even at this late hour" recognize that the developments on the border do not augur well for both nations, but this time around he made it clear that the onus was on Pakistan to mend fences.

In the past, Singh has laboured hard to convince Pakistani leaders that combating terrorism and preventing hostile behaviour on the border was in Pakistan's interest. For him to give vent to his frustration would mean that he feels the scope for a middle ground with Pakistan is shrinking.

The episode and subsequent lack of action on the part of Pakistan has strengthened the assessment in India that Sharif remains a somewhat tricky customer who might say one thing at a meeting only to go ahead to do just what he wants.

The Pakistani PM is seen as neither willing nor capable of reining in the army, but the Indian government — at least in the current situation — has decided that it cannot continue to receive political flak at home without holding Sharif to account.

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News Network
February 18,2020

New Delhi, Feb 18: A Delhi court today sent Sharjeel Imam, who has been named as an "instigator" by the Delhi Police in its chargesheet on violent protests against the amended citizenship act at New Friends Colony near Jamia in Delhi last year, to judicial custody till March 3.

Sharjeel Imam was arrested on sedition charges last month.

The Delhi Police has filed a chargesheet before Chief Metropolitan Magistrate Gurmohina Kaur, naming Sharjeel Imam as an instigator of the violence.

It said it has attached CCTV footage, call detail records and statements of over 100 witnesses as evidence in the chargesheet.

The court had on Monday sent Sharjeel Imam to one-day custody of Delhi Police in the case.

Protestors had torched four public buses and two police vehicles as they clashed with police in New Friends Colony near Jamia Millia Islamia in Delhi during the demonstration against the CAA on December 15, leaving nearly 60 people including students, cops and fire fighters injured.

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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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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