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
May 12,2020

New Delhi, May 12: Former Prime Minister Manmohan Singh, who was admitted to the AIIMS here after suffering reaction to a new medication, was discharged on Tuesday.

The 87-year-old Congress leader was discharged around 12:30 pm, hospital sources said.

Manmohan Singh was shifted to a private ward in the Cardio-Neuro tower on Monday night. He was also tested for Covid-19 and his results had come out negative, the sources said. The Congress leader was admitted to the hospital on Sunday evening after he complained of uneasiness.

The sources said that Singh had developed a reaction to a new medication and was admitted to AIIMS for observation and investigation.

Manmohan Singh is currently a Member of Rajya Sabha from Rajasthan. He was the prime minister between 2004 and 2014.

In 2009, Singh underwent a successful coronary bypass surgery at the AIIMS.

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Agencies
June 16,2020

Mumbai, Jun 16: Saudi Arabia’s sovereign wealth fund, PIF, is all set to pick up a stake in Jio Platforms, which would complete 25% of Jio’s equity dilution to the investors, said a report by the Gulf News.

Jio Platforms is part of the Reliance Industries empire owned by Mukesh Ambani. The Public Investment Fund (PIF) will acquire 2.33% for an estimated $1.5 billion, the report said.

So far, Jio Platforms has raised investment from 10 different global investors in seven weeks, the latest being TPG Capital buying 0.93% equity for Rs 4,547 crore and private equity firm L Catterton picking up a 0.39% stake for Rs 1894.50 crore.

Jio Platforms has raised a total of Rs 1.04 lakh crore so far from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton since April 22.

With PIF coming on board, Jio Platforms would have diluted 25% of its equity. That's the maximum they intend to dilute to financial investors, which includes Mark Zukerberg's Facebook.

Any new investors coming on board in future will have to be "strategic investors, a tech giant, for instance," said a source who was part of the deal-making process, the report said.

In recent days, Jio Platforms, which will merge telecom, content streaming, gaming and ecommerce features into its app, has seen Abu Dhabi's Mubadala and ADIA pick up significant stakes amounting to $1.2 billion and $750 million, respectively.

Reliance Industries' owner, Ambani, Asia's richest man, has been on an investor acquisition spree, with the likes of Facebook and private equity majors such as KKR and Silver Lake Capital investing in Jio Platforms.

The contours of the deal with Saudi Arabia's PIF was finalised during Ramadan. "It was always Mukesh Ambani's wish to have a special relationship with Saudi Arabia and the UAE," said Anshuman Mishra, a London-based confidante and family friend of the Ambani family of longstanding, Gulf News quoted as saying.

He has also worked extensively with Gulf sovereign wealth funds over the years.

"Saudi Arabia's coming in to close the financial investor round in Jio is indicative of the special nature of the relationship. This is also indicative of the multi-billion-dollar partnership announced last year with Saudi Aramco.

"This is a major success for the present Indian government's foreign policy initiative in the gulf and symbolic of India's significance in the GCC," it said.

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News Network
July 20,2020

New Delhi, Jul 20: Alleging that 2,426 companies have "looted" people's savings to the tune of Rs 1.47 lakh crore from banks, Congress leader Rahul Gandhi has asked if the Prime Minister Narendra Modi led government will conduct a probe into it to punish those guilty.

"2,426 companies looted 1.47 lakh crore rupees of people's savings from banks. Will this government investigate this loot and punish the culprits?" Gandhi said on Twitter, without elaborating.

"Or will it allow them to flee like Nirav and Lalit Modi?" he asked.

Gandhi's attack came after media reports claimed that the All India Bank Employees Association (AIBEA) had released a list of 2,426 borrower accounts that have been categorised as “wilful defaulters” with dues amounting to Rs 1,47,350 crore to the banking system.

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