No problem talking to Pak but 'Terroristan': Jaishankar

Agencies
September 25, 2019

New York, Sept 25: India has no problem talking to Pakistan but it has a problem talking to “Terroristan”, External Affairs Minister S Jaishankar said here, asserting that Islamabad has created an entire industry of terrorism to deal with the Kashmir issue.

Jaishankar, addressing a New York audience at cultural organization Asia Society Tuesday, said when India decided to revoke Article 370 and bifurcate the state of Jammu and Kashmir into two union territories of Jammu and Kashmir and Ladakh, it drew a reaction from Pakistan and China.

Pakistan downgraded diplomatic relations with India and also expelled Indian High Commissioner after New Delhi revoked the special status given to Jammu and Kashmir on Aug 5.

China had voiced "serious concern" over the situation in Kashmir, saying "the parties concerned should exercise restraint and act with caution, especially to avoid actions that unilaterally change the status quo and exacerbate tension."

Jaishankar emphasized that India has no problem talking to Pakistan.

“But we have a problem talking to Terroristan. And they have to be one and not be the other,” he said.

Jaishankar underlined that revoking Article 370 has no implications for India's external boundaries.

“We are sort of reformatting this within our existing boundaries. It obviously drew a reaction from Pakistan, it drew a reaction from China. These are two very different reactions. I think, for Pakistan, it was a country which has really created an entire industry of terrorism to deal with the Kashmir issue. In my view, it's actually bigger than Kashmir, I think they have created it for India,” Jaishankar said.

He added that in the aftermath of India's decision to scrap Jammu and Kashmir's special status, Pakistan now sees its “investment” of 70 years undercut if this policy succeeds.

“So theirs is today a reaction of anger, of frustration in many ways, because you have built an entire industry over a long period of time,” he said.

When asked that Pakistan has said a lot and what does he think it would do, Jaishankar said this is not a Kashmir issue but a bigger issue than that and Pakistan has to accept that the “model which they have built for themselves, no longer works. That you cannot, in this day and age, conduct policy using terrorism as a legitimate instrument of statecraft. I think that's at the heart of the issue.”

Jaishankar recalled that over the years in Jammu and Kashmir, the lack of development, lack of opportunity, “actually created a sense of alienation, alienation to separatism, separatism used for terrorism.”

When asked what does Pakistan need to do as a precondition for Kashmir talks, Jaishankar said, “I think we are getting this wrong. First of all Pakistan has to do something for its own good and if it does that, it would enable a normal neighbourly relationship with India.”

He added that it is not like India and Pakistan agree on everything else and the two countries have wonderful relationships and there is a Kashmir issue.

“We had an attack on Mumbai city. The last time I checked, Mumbai city was not a part of Kashmir. So if Pakistani terrorists can attack states and regions which are far removed from Kashmir, we have got to recognize that there is a bigger problem out there,” the minister said.

The problem is really the “mindset,” he said adding that every time there is a change of government in Pakistan, "somebody says its new and nothing to do with the earlier guys" and blames the previous government.

Second, they say, "it has nothing to do with us as a country, it's all the Americans. The Americans taught us the bad habits by doing the Afghan jihad. We were good people till you came along,” he said, taking a strong jibe at Pakistan.

“There is a fundamental issue there which they need to understand and we need to encourage them to do - that is to move away from terrorism,” he said, adding that at one level it's a huge issue and another level it's a very obvious issue.

“These are not activities which are subterranean. These are activities in broad daylight. They know where the camps are, anybody knows where the camps are, just google them. You’ll find them,” he said.

Jaishankar emphasized that the provision in the Indian Constitution which gave Kashmir a different status was a temporary provision. “Now, here's the funny thing. We rarely read that in the international press.”

“We agree on what the word temporary means, it means something comes to an end. After 70 years, it came to an end. And 70 years is a decent definition of the word temporary,” he said.

He said when the Narendra Modi government was voted back into power, it took a long hard look at what its options are about Article 370 in Jammu and Kashmir.

“And the options were either we do more of the same knowing it doesn't work, or we do something different. So I think the choice was ok, we will do something different. And that something different, by the way, has no implications for the external boundaries of India,” he said.

On China, he said Beijing misread what was happening in Jammu and Kashmir after the revocation of Article 370.

“Now, I don't know why they believe that it impacted on them,” he said, adding that he went to Beijing a few days after the Constitutional change and explained to them that “as far as they were concerned, nothing had changed. India's boundaries had not changed, the line of actual control has not changed. So that was the conversation we had with them.”

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News Network
April 4,2020

Aurangabad, Apr 4: A marriage was solemnised on a video call, the unique method which was adopted due to coronavirus lockdown.

A Muslim man named Mohammad Minhajudd, based in Aurangabad exchanged marriage vows with a Muslim woman based in Beed via video call on Friday.

The entire country is witnessing a 21-day lockdown due to which there is a limitation on the movement of people from one place to another and gatherings have been banned to prevent the spread of the coronavirus that has wreaked havoc across the globe.

The marriage halls are also closed during the lockdown period.

The bridegroom's father Mohammad Gayaz said that the marriage was fixed between the two persons six months ago when there was no fear about coronavirus. We got the elders of the family assembled at our home and conducted the marriage on phone.

Mufti Anis ur Rehman, the Qazi who performed the rituals for the marriage, said that both the families are happy as the marriage got conducted with the minimal cost incurred and the ceremony was a simple one. 

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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Agencies
June 14,2020

New Delhi, Jun 14: Petrol price on Sunday was hiked by a record 62 paise per litre and that of diesel by 64 paise as oil companies for the eighth day in a row adjusted retail rates in line with cost since ending an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 75.78 per litre from Rs 75.16 while diesel rates were increased to Rs 74.03 a litre from Rs 73.39, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The 62 paise a litre increase in petrol and 64 paise hike in diesel price is the highest surge in rates since the daily price revision was started in June 2017.

This is the eighth daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus.

In eight hikes, petrol price has gone up by Rs 4.52 per litre and diesel by Rs 4.64 -- a record increase in rates in any eight days since the daily price revision was introduced.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in the retail rates that was warranted because of international oil prices falling to two-decade lows.

The government had first raised excise duty on petrol and diesel by Rs 3 per litre each on March 14 and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenues.

State-owned fuel retailers IOC, BPCL and HPCL had frozen petrol and diesel prices since March 16, as if anticipating the government move and set off gains they accrued from continuing drop in international oil prices against the excise duty hike.

They, however, promptly passed the increase in local sales tax or VAT by state governments such as Rs 1.67 increase in VAT on petrol and Rs 7.10 in diesel by the Delhi government on May 4.

The total incidence of excise duty on petrol has risen to Rs 32.98 per litre and that on diesel to Rs 31.83. The excise tax on petrol was Rs 9.48 per litre when the Narendra Modi government took office in 2014 and that on diesel was Rs 3.56 a litre.

The government had between November 2014 and January 2016 raised excise duty on petrol and diesel on nine occasions to take away gains arising from plummeting global oil prices.

In all, duty on petrol rate was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months that helped government's excise mop up more than double to Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.

It cut excise duty by Rs 2 in October 2017 and by Rs 1.50 a year later. But it raised excise duty by Rs 2 per litre in July 2019.

It again raised excise duty on March 14 by Rs 3 per litre.

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