Pak regurgitating failed approach on Kashmir: India

Agencies
August 30, 2018

United Nations, Aug 30: Pakistan's new government must not indulge in "polemics" but work to build a South Asian region free of terror and violence, India has said after Pakistan raked up the Kashmir issue at the UN Security Council.

India's Permanent Representative to the UN Ambassador Syed Akbaruddin's remarks came during the UNSC debate on Mediation and Settlement of Disputes.

"…I take this opportunity to remind - Pakistan - the one isolated delegation that made unwarranted references to an integral part of India, that pacific settlement requires pacific intent in thinking and pacific content in action," Akbaruddin said at the debate yesterday.

Pakistan's Ambassador Maleeha Lodhi raked up the Kashmir issue during the debate, drawing a sharp reaction from Akbaruddin who said Pakistan is "regurgitating a failed approach, which has long been rejected, is neither reflective of pacific intent nor a display of pacific content.

"We hope that the new government of Pakistan will, rather than indulge in polemics, work constructively to build a safe, stable, secure and developed South Asian region, free of terror and violence," Akbaruddin said, a reference to the government in Pakistan under newly-elected Prime Minister Imran Khan.

In her remarks, Lodhi said the "Jammu and Kashmir dispute remains a long-standing issue" on the agenda of the Council. She said through its various resolutions, the Security Council has provided that the final disposition of the State of Jammu and Kashmir will be made in accordance with the will of the people "expressed through the democratic method of a free and impartial plebiscite" conducted under the auspices of the United Nations.

She said the Security Council also instituted several mechanisms including the UN Commission on India and Pakistan (UNCIP), the deployment of the UN Military Observer Group in India and Pakistan (UNMOGIP) and the appointment of UN representatives.

"Sadly, these resolutions remain unimplemented to date. The international community cannot succeed in its efforts to strengthen conflict prevention and promote pacific dispute settlement if the Security Council’s own resolutions are held in abeyance, by some.

"What is, at stake is both the Council's credibility as well as the objective of durable peace in our region. We must not fail these tests," she said.

Akbaruddin said as recognized by the UN Charter, pacific settlement of disputes can be through a variety of mechanisms and today, there are numerous actors and many forms of pacific settlement that may be better suited to address different issues.

"Instead of putting the United Nations at the center of mediation efforts and exhorting States to support them, perhaps, the international community should lend encouragement to those most motivated and having the capacity to do so to settle these, as appropriate," he said."

"Of course, there could be many forms of division of tasks of pacific settlement of disputes between the United Nations and other concerned actors that can undoubtedly be devised. It is important, however, not to charge the United Nations with responsibilities that it maybe ill-suited to perform. Mediation, in every circumstance, is one such task, it is not geared to fulfil," he said.

Mediation, on the face of it, is based on the interest, consent and commitment by all parties for a peaceful settlement. He stressed that the issue is not whether mediation is a useful tool for peaceful settlement.

"Where acceptable to all parties, it is, in a manner of speaking, settled international law," he said.

Akbaruddin said the questions to be addressed are whether the apparatus of the United Nations, as currently constituted, can perform many of the basic functions required for effective mediation and are the mechanisms at the disposal of the United Nations coherent and flexible to guide dynamic negotiations with an effective strategy.

He pointed out that the United Nations, and in particular the Security Council, does not come to mediation unencumbered. The problems of the United Nations apparatus as a mediator are ingrained in the nature of inter-governmental organisations.

"Inter-governmental organisations are hindered by complex decision-making procedures. Add to it the specificities of the U.N. Charter, that is premised on cooperation amongst the permanent members. That cooperation is clearly not evident. Where it does manifest, it invariably takes the form of the lowest common denominator," he said.

Further, policy-making within an international organisation adds another layer of bargaining and trade-offs, he said adding that it requires a time-consuming and uncertain process of consultation and coordination among a multiplicity of actors.

"Such tortuous decision-making process, imbued with political trade-offs, saps the United Nations of necessary dynamism and flexibility in pursuing mediation. Once the UN authorised entities agree on a mediating proposal or framework, it cannot easily be modified in response to changing circumstances. Modification requires renegotiation," he said.

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Agencies
July 19,2020

New Delhi, Jul 19: Three of the 10 most valued companies added a total of Rs 98,622.89 crore to their market valuation last week, led by stellar gains in IT major Infosys.

Seven companies from the coveted list witnessed a decline in their market valuation last week, but their cumulative loss of Rs 37,701.1 crore was less than the total gain made by three firms -- Reliance Industries Limited, Hindustan Unilever Limited and Infosys.

The market capitalisation of Infosys zoomed Rs 52,046.87 crore to Rs 3,85,027.58 crore. Shares of Infosys had rallied over 9 per cent on Thursday after the company posted a stronger-than-expected 12.4 per cent rise in the first quarter consolidated net profit.

Hindustan Unilever Limited added Rs 25,751.07 crore in its market valuation which stood at Rs 5,48,232.26 crore at close on Friday. Reliance Industries' m-cap jumped Rs 20,824.95 crore to Rs 12,11,682.08 crore.

In contrast, HDFC's valuation plunged Rs 13,920.21 crore to Rs 3,13,269.70 crore and that of Tata Consultancy Services (TCS) declined Rs 7,617.34 crore to Rs 8,26,031.21 crore.

The valuation of ICICI Bank tumbled Rs 4,205.71 crore to Rs 2,29,156.24 crore and that of Kotak Mahindra Bank by Rs 4,175.28 crore to Rs 2,62,864.37 crore.

Bharti Airtel's m-cap dipped Rs 4,009.83 crore to Rs 3,09,521.05 crore and HDFC Bank's by Rs 3,403.97 crore to Rs 6,03,463.97 crore.

The valuation of ITC declined by Rs 368.76 crore to Rs 2,38,469.29 crore.

In the ranking of top-10 firms, RIL was at the number one rank followed by TCS, HDFC Bank, HUL, Infosys, HDFC, Bharti Airtel, Kotak Mahindra Bank, ITC and ICICI Bank.

During the last week, the 30-share BSE index advanced 425.81 points or 1.16 per cent.

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Agencies
June 16,2020

Paris, Jun 16: Increasing numbers of readers are paying for online news around the world even if the level of trust in the media, in general, remains very low, according to a report published Tuesday.

Around 20 percent of Americans questioned said they subscribed to an online news provider (up to four points over the previous year) and 42 percent of Norwegians (up eight points), along with 13 percent of the Dutch (up to three points), compared with 10 percent in France and Germany.

But between a third and a half of all news subscriptions go to just a few major media organisations, such as the New York Times, according to the annual Digital News Report by the Reuters Institute.

Some readers, however, are also beginning to take out more than one subscription, paying for a local or specialist title in addition to a national news source, the study's authors said.

But a large proportion of internet users say nothing could convince them to pay for online news, around 40 percent in the United States and 50 percent in Britain.

YouGov conducted the online surveys of 40 countries for the Reuters Institute in January, with 2,000 respondents in each.

Further surveys were carried out in six countries in April to analyse the initial effects of COVID-19.

The health crisis brought a revival of interest in television news -- with the audience rising five percent on average -- establishing itself as the main source of information along with online media.

Conversely, newspaper circulation was hard-hit by coronavirus lockdown measures.

The survey found trust in the news had fallen to its lowest level since the first report in 2012, with just 38 percent saying they trusted most news most of the time.

However, confidence in the news media varied considerably by country, ranging from 56 percent in Finland and Portugal to 23 percent in France and 21 percent in South Korea.

In Hong Kong, which has been hit by months of sometimes violent street protests against an extradition law, trust in the news fell 16 points to 30 percent over the year.

Chile, which has had regular demonstrations against inequality, saw trust in the media fall 15 percent while in Britain, where society has been polarised by issues such as Brexit, it was down 12 points.

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Agencies
May 14,2020

Social media platform WhatsApp assured the Supreme Court on Wednesday that it will not roll out its payment services without complying with all payment regulations and norms in the country.

A bench headed by Chief Justice S.A. Bobde and comprising Justices Indu Malhotra and Hrishikesh Roy took up the matter through video conferencing. Senior advocate Kapil Sibal, representing the social media platform, said "WhatsApp Inc makes a statement on behalf of his client that they will not go ahead with the payments' scheme without complying with all the regulations in force."

The statement was made during the hearing of a petition seeking a ban on payment through WhatsApp, as it does not conform to the data localization norms. The top court took the assurance made by WhatsApp on record.

WhatsApp made the statement during the hearing of a plea seeking a ban on its payment service, for not being in line with data localization norms.

In 2018, WhatsApp was granted a beta licence to launch its payment service, but a dedicated and separate app is yet to be launched. A petition was moved in the apex court that WhatsApp's existing model for its payments service should be declared inconsistent with the Unified Payment Interface (UPI) Scheme, as a separate dedicated app has not been offered by the company.

The petitioner NGO, Good Governance Chambers, argued that the National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) must change its model on the lines of the UPI payment scheme, and its operations may be suspended until these conditions are met.

The apex court today asked the Centre, Facebook and WhatsApp to file their replies within three weeks and it will take up the matter thereafter. The court noted that the government may process the applications filed by WhatsApp in accordance with the law and there is no stay on the same. Facebook was represented by senior advocate Arvind Datar.

The petitioner argued that lapses have been found in relation to WhatsApp's claims of having a secure and safe technological interface for securing sensitive user data.

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