Pak "Created Entire Industry of Terror", Now Frustrated: India on J&K Move

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 in New York today, asserting that Islamabad has created an entire industry of terrorism to deal with the Kashmir issue.

Mr Jaishankar, addressing a New York audience at cultural organization Asia Society, 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.

Pakistan downgraded diplomatic relations with India and also sent back Indian High Commissioner after New Delhi revoked the 'temporary special status' given to Jammu and Kashmir on August 5.

Mr Jaishankar emphasised 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.

Mr 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," Mr Jaishankar said.

He added that in the aftermath of India's decision to scrap Jammu and Kashmir's 'temporary 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, Mr 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."

Mr 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, Mr 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 on the side. "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 recognise 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 day light. They know where the camps are, anybody knows where the camps are, just google them. You'll find them," he said.

Mr Jaishankar emphasised that the provision in the Indian Constitution which gave Kashmir a special status was only 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 okay, 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
February 28,2020

Feb 28: National oil marketer Indian Oil Corporation (IOC) on Friday said it is ready to supply low emission BS-VI fuels from April 1 and that there will be a marginal increase in retail prices.

The largest oil supplier has spent over Rs 17,000 crore to upgrade its refineries to produce the low-sulfur diesel and petrol, the company's chairman Sanjiv Singh told reporters here.

Without disclosing the quantum of price increase, Singh said, “there will definitely be a marginal increase in retail prices of the fuels from April 1 when the whole country will be run on new fuels, which will have a sulphur content of only 10 parts per million (ppm) as against the present 50 ppm.

“But let me assure you, we will not be burdening the consumers with a steep hike,” Singh said.

He said, state-run oil marketing companies (OMCs) have invested Rs 35,000 crore to upgrade their refineries, of which Rs 17,000 crore have been spent by IOC alone.

Earlier this week, the sell-off bound BPCL said it had invested around Rs 7,000 crore for the same. ONGC-run HPCL has not so far disclosed its readiness for BS-VI supplies or its capex on the same.

HPCL had said from February 26-27 it was ready with BS-VI fuels and that it would sell only the new fuels from March 1.

IOC switched to BS-VI fuel production a fortnight ago and all its depots and containers are ready now, Singh said.

However, he said some remote locations, where the intake is very low, will take some more time to switch. But the company is planning to drain out the entire BS-IV stock and replenish the new fuels at such locations, he added.

Further, it has been reported that the companies will have to increase prices by 70-120 paise a litre, but Singh said, to arrive such a weighted average is not possible given the complexities of each refinery.

He, however, asserted that the price hike will not be a burden on consumers.

We are not looking at this investment from a pure return on investment basis, but this is a national mandate and we have done it.

Having said that, all those countries that moved to low emission fuels are charging higher prices; and from April 1, our prices will also be benchmarked against Euro VI prices as against the present practice of the cost-plus model, Singh concluded.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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News Network
March 10,2020

Thiruvananthapuram, Mar 10: Senior Congress leader Shashi Tharoor on monday thanked PM Narendra Modi  for extending birthday wishes to him in malayalam.

"Thank you, Prime Minister Narendra Modi, for this elaborate birthday greeting in shudh sahitya Malayalam! Am touched by your thoughtfulness," Tharoor tweeted with a picture of the letter from Modi.

In another tweet, the Congress MP also posted its translation, that reads,

Tharoor, who is an MP from Thiruvananthapuram, turned 64 on march 9.

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SmR
 - 
Tuesday, 10 Mar 2020

Is he next Scindia waiting to board the BJP ship?

 

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