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
June 25,2020

New Delhi, Jun 25: Diesel price in the national capital crossed the Rs 80 per litre-mark for the first time ever on Thursday as oil companies raised prices for the 19th day, taking the cumulative rate to Rs 10.63 a litre.

Petrol price, after a day's hiatus, was hiked by 16 paise and the increase in less than three weeks now totals Rs 8.66 per litre.

Petrol price in Delhi was hiked to Rs 79.92 per litre from Rs 79.76, while diesel rates were increased to Rs 80.02 a litre from Rs 79.88, according to a price notification of state oil marketing companies.

Diesel had for the first time become costlier than petrol in Delhi on Wednesday and has now crossed the Rs 80 per litre-mark.

Rates differ from state to state depending on the incidence of value-added tax (VAT).

However, diesel is costlier than petrol only in the national capital where the state government had raised local sales tax or VAT on the fuel sharply last month. It costs less than petrol in other cities.

The 19th daily increase in rates since oil companies on June 7 restarted revising prices in line with costs after ending an 82-day hiatus in rate revision, has taken diesel prices to fresh highs.

In 19 straight days, diesel price has gone up by Rs 10.63 per litre. Petrol price has been hiked on 18 occasions since June 7 and now totals to Rs 8.66 a litre.

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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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News Network
January 30,2020

Baharampore, Jan 30: Two persons were killed and one was injured in a clash over a protest programme against the CAA and the proposed NRC in West Bengal's Murshidabad district on Wednesday, police said.

The incident occured after an argument broke out between the two sides at Jalangi over a protest programme opposing Citizenship Amendment Act.

According to the police, a scuffle broke out between the local TMC leaders and residents' forum 'Nagarik Mancha', which was observing a shutdown in the area against the amended citizenship act and the proposed country-wide NRC.

The residents' forum was asked to withdraw the shutdown and the situation turned violent as both sides came to blows and hurled bombs at each other. Several two-wheelers and cars were damaged and set on fire during the clash.

Local TMC MP Abu Taher, denied that the party was involved in the clash and alleged that the violence was by Congress and CPI(M) supporters.

"I have requested the police to look into the incident. The culprits should be immediately arrested," he said.

Senior Congress leader and MLA Manoj Chakraborty said that the party was not involved in the incident and demanded judicial inquiry into it.

The injured have been rushed to Murshidabad Medical College and Hospital here, the police said.

The Muslim-majority district had witnessed violence and arson during the anti-CAA protests across the state in December last year.

West Bengal became the fourth state after Left-ruled Kerala, and Punjab and Rajasthan, where the Congress is in power, to have passed a resolution on January 27 against the Citizenship (Amendment) Act. The state assembly had on September 6, 2019, passed a resolution against NRC.

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