Pak puts the onus back on India

August 22, 2015

Islamabad/New Delhi, Aug 22: Putting the onus back on India, Pakistan today said it was prepared for NSA-level talks without any pre-conditions amid continuing signs that the meeting was unlikely to take place.

PakNational Security Adviser Sartaj Aziz, who is scheduled to travel to New Delhi tomorrow for talks with his Indian counterpart Ajit Doval, told a press conference in Islamabad that he is ready to travel to India as per schedule but without any pre-conditions.

He was sharply critical of the Indian government for its insistence that he should not meet Kashmiri separatist leaders while in New Delhi and said this was akin to controlling the guest list for a reception being held for him at the Pakistan High Commission tomorrow.

"Cancellation (of the talks) is yet to be confirmed from either side. Therefore, we are ready to go as per schedule without any pre-condition," Aziz said.

Given that there is no likelihood of India changing its stand that separatist Hurriyat had no role in Indo-Pak talks, the possibility of NSAs meeting is remote.

The Indian position will be clear later this afternoon when External Affairs Minister Sushma Swaraj meets media at 4 PM in New Delhi.

Aziz termed as nothing "further from the truth" the Indian External Affairs Ministry statement that Pakistan was trying to distort the agenda agreed at Ufa and imposing new conditions for the talks.

"The statement of Indian External ministry that Pakistan has imposed new conditions totally ignores the last sentence in the note handed over to the Indian High Commission that Pakistan is ready to hold NSA-level talks without any pre-conditions," he said while addressing the press conference at the Foreign Office.

"In fact, it is India that has imposed new conditions that Pakistan cannot meet Hurriyat leaders, assuming the right to determine the guest list of for the High Commissioner's reception," he said. Both sides have refused to budge from their positions on the agenda of the talks and the invitation to Hurriyat leaders for a meeting with Aziz.

Responding to a question, Aziz said, "Pakistan wishes to resolve all issues with India on the negotiating table, but no serious talks with India are possible without discussion on the core issue of Kashmir."

He said Pakistan has prepared three-point agenda which included terrorism, progress on decision made at Ufa and discussion on all outstanding issues that includes Kashmir.

"Is it conceivable that India would cancel first ministerial meeting on such a flimsy grounds relating to meeting with Hurriyat leaders," he said.

In provocative remarks, Aziz said he will be carrying three dossiers on India's RAW activities in Pakistan.

"If I don't get opportunity to hand over the dossiers to Indian NSA in New Delhi, I hope to give it to him in New York next month if he comes with PM Narendra Modi" for the UN General Assembly session.

He was asked about reports in the Indian media that Doval will hand over dossiers to Aziz stating that underworld don Dawood Ibrahim, whose presence in Pakistan has been denied by Islamabad, is very much in that country.

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News Network
January 17,2020

New Delhi, Jan 17: A Delhi court Friday issued fresh death warrants for February 1, 6 am against the four convicts in the Nirbhaya gang rape and murder case.

Additional Sessions Judge Satish Kumar Arora was hearing a plea by one of the four death row convicts in the case, Mukesh Kumar Singh, seeking postponement of the date of his execution scheduled for January 22.

Earlier in the day, the Tihar jail authorities sought issuance of fresh death warrants against the four convicts.

Public Prosecutor Irfan Ahmed told the court that Mukesh's mercy plea was rejected by President Ram Nath Kovind on Friday.

The 23-year-old paramedic student, referred to as Nirbhaya, was gang-raped and brutally assaulted on the intervening night of December 16-17, 2012 inside a moving bus in south Delhi by six persons before being thrown out on the road.

She died on December 29, 2012, at Mount Elizabeth Hospital in Singapore.

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News Network
July 14,2020

Kathmandu, Jul 14: After staking claim to Indian territories of Lipulekh-Kalapani in  a new controversial map,  Nepal Prime Minister KP Sharma Oli on Monday claimed that Ayodhya, the birthplace of Lord Rama, is in Nepal and Lord Rama was Nepali.

“Although real Ayodhya lies at Thori, city in the west of Birgunj, India has claimed that Lord Rama was born there. Due to these continuous claims, even we have believed that deity Sita got married to Prince Rama of India. However, in reality, Ayodhya is a village lying west of Birgunj,” Oli claimed at an event organised at Prime Minister's residence in Kathmandu.

The Prime Minister also blamed India of cultural encroachment by “creating a fake Ayodhya.”

“Balmiki Ashram is in Nepal and the holy place where King Dashrath had executed the rites to get the son is in Ridi. Dashrath’s son Ram was not an Indian and Ayodhya is also in Nepal,” he claimed.

In an attempt to save self from criticism, Oli questioned how Lord Rama could come to Janakpur to marry Sita when there were "no means" of communication. He further said that it to be impossible for Lord Rama to come to Janakpur from present Ayodhya that lies in India.

“Janakpur lies here and Ayodhya there and there is talk of marriage. There was neither telephone nor mobile then how could he know about Janakpur,” Oli said.

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Ahmed Ali Kulai
 - 
Tuesday, 14 Jul 2020

New controversy

 
BJP got next election Muddah

Farhan
 - 
Tuesday, 14 Jul 2020

Ab Ram Mandir Kaha Banega???

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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