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 9,2020

New Delhi, Apr 9: With an increase of 540 positive COVID-19 cases reported in the last 24 hours, India's tally of coronavirus cases has risen to 5,734, said the Ministry of Health and Family Welfare on Thursday.

Out of the 5,734 cases; 5,095 are active COVID-19 cases and 472 cases have been recovered/discharged and one case migrated.
The death toll has also risen to 166 after 17 new deaths were reported in the last 24 hours.

Maharashtra is the worst-hit state 1,135 positive cases so far and while Tamil Nadu is second with 738 positive cases. Delhi's tally has risen to 669 cases. 

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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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News Network
May 27,2020

May 27: At a time when India is struggling with the deadly coronavirus, huge swarms of locusts in many states has bought nightmares to the farmers.

Experts warn of extensive crop losses if authorities fail to curb the fast-spreading swarms by June when monsoon rains spur rice, cane, corn, cotton, and soybean sowing.

Locusts entered India after traveling from Africa through Yemen, Iran and Pakistan.

After massive devastation in Pakistan, t swarms of locusts entered India through Rajasthan and Gujarat. The number is so large that the farmers and authorities are feeling helpless in tackling the threat.

The situation has become more alarming as the locusts is spreading across the country at an extremely fast rate. After badly affecting the crops in Rajasthan, Gujarat, Maharashtra, and Madhya Pradesh, the swarm of locust have now entered Uttar Pradesh.

In Rajasthan alone, the locust attack has damaged 5 lakh hectares of crop and nearly 17 districts of Madhya Pradesh have also seen their terror. Earlier from May 2019 to February 2020, too, the locust swarms entered India several times.

Speaking on the current situation, Dr Ram Pravesh, District Agricultural Officer, Agra, Uttar Pradesh said the Department of Agriculture is working with farmers in dealing with the situation. He urged the farmers to inform their Mandal Krishi Adhikari if they require any help.

India's largest-ever locust attack was in 1993 when more than three lakh hectares of cultivated land were completely destroyed.

Earlier in 2020, farmers salvaged their wheat and oilseed crops from a previous locust scourge.

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