NSG indicates no exception will be made in the case of India

June 24, 2016

Seoul, Jun 24: At the end of its two-day plenary here, the NSG today declared its "firm support" for the "full, complete and effective" implementation of the NPT as the cornerstone of the international non-proliferation regime, a clear indication that no exception will be made in the case of India.

nsg1The statement by the 48-nation grouping, however, said that it will continue to have discussions on participation of countries which have not signed the Nuclear non-Proliferation Treaty (NPT).

Confirming that the India's application was discussed during the two-day deliberations, the statement, under a sub-heading 'Outreach', said it shared information on all aspects of the 2008 Statement on Civil Nuclear Cooperation with India and discussed the NSG relationship with India.

"Participating Governments reiterated their firm support for the full, complete and effective implementation of the NPT as the cornerstone of the international non-proliferation regime," it said.

The NSG had discussions on the issue of 'Technical, Legal and Political Aspects of the Participation of non-NPT States in the NSG' and decided to continue its discussion, the statement said.

A special meeting last night had discussed India's application where China and a number of other countries opposed its entry into NSG saying it was not a signatory of the NPT.

The members also expressed concerns regarding continued global proliferation activities and reaffirmed its determination to continue to cooperate closely in order to deter, hinder and prevent the transfer of controlled items or technology that could contribute to nuclear weapons or other nuclear explosive devices.

In the NSG plenary, chaired by Ambassador Song Young-wan of South Korea, the participating governments also called upon all states to exercise vigilance and to ensure effective implementation of all United Nations Security Council Resolutions relevant to the work and purposes of the NSG.

The NSG decided that Switzerland will assume the Chairmanship of the NSG from 2017 to 2018 and will host the next plenary. The NSG also welcomed the growing number of states that have harmonised their national export control systems with the NSG guidelines and control lists. It also discussed options for enhancing outreach such as dedicated briefings for and meetings with interested non-NSG partners on the work of the group.

It also decided to have a dedicated response to non-NSG partners seeking assistance and practical experience in developing, updating, strengthening and implementing national export control systems.

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News Network
January 27,2020

New Delhi, Jan 27: The government on Monday issued the preliminary information memorandum for 100 per cent stake sale in national carrier Air India. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per the bid document issued on Monday.

Management control of the airline would also be transferred to the successful bidder.

The government has set March 17 as the deadline for submitting the Expression of Interest (EoI).

EY is the transaction adviser for Air India disinvestment process.

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News Network
February 14,2020

Feb 14: India will never forget the martyrdom of the security personnel killed in last year's Pulwama attack, Prime Minister Narendra Modi said on Friday.

He termed the slain security personnel were "exceptional individuals" who devoted their lives to serving and protecting the nation.

On February 14 last year, a convoy of vehicles carrying security personnel on the Jammu-Srinagar National Highway was attacked by a vehicle-borne suicide bomber at Lethpora in Pulwama district of Jammu and Kashmir. Forty Central Reserve Police Force (CRPF) personnel were killed in the attack.

"Tributes to the brave martyrs who lost their lives in the gruesome Pulwama Attack last year. They were exceptional individuals who devoted their lives to serving and protecting our nation. India will never forget their martyrdom," tweets PM Modi one year since the Pulwama attack.

"I pay homage to the martyrs of Pulwama Attack. India will forever be grateful of our bravehearts and their families who made supreme sacrifice for the sovereignty and integrity of our motherland," tweets Union Home Minister Amit Shah.

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Agencies
March 6,2020

Mumbai, Mar 6; The Indian equity indices slumped on Friday morning, with the BSE Sensex falling over 1,450 points

The slump across the sectoral indices was led by the finance and banking stocks as the Reserve Bank of India on Thursday superseded the board of directors of Yes Bank and placed it under moratorium.

Persistent fears of the coronavirus outbreak severely impacting global economy also weighed on the investor sentiments, analysts said.

At 9.36 a.m., the BSE Sensex trimmed some losses and was trading at 37,376.66, lower by 1,093.95 points or 2.84 per cent from the previous close of 38,470.61

So far, the index has touched an intra-day low of 37,011.09, falling by 1,459.52 points.

It had opened at the intra-day high of 37,613.96.

The Nifty50 on the National Stock Exchange was trading at 10,938.75, lower by 330.25 or 2.93 per cent from its previous close.

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