Pakistan stalls inking of SAARC connectivity agreements

November 26, 2014

Kathmandu, Nov 26: Pakistan today stalled the inking of SAARC connectivity agreements, including motor vehicle pact, saying it was yet to complete its "internal process", notwithstanding other countries, including India and Sri Lanka, who have been strongly pitching for strengthening the people-to-people contact and movement of goods in the region.saarc summit

While Pakistan's blocking has created "disappointment" among the Indian side, which had initiated these proposals, sources maintain that India has already initiated bilateral connectivity pacts with countries within SAARC and yesterday's Motor Vehicle Agreement with Nepal was an example of that.

Stressing the need for better connectivity in the region, Prime Minister Narendra Modi, in his speech at the 18th SAARC Summit said, "Our relations become stronger when we connect the lives of the ordinary citizens of our countries. That is why connectivity and services by rail and road are so important. We should also connect ourselves more by air."

He further said that, "for India, our vision for the region rests on five pillars – trade, investment, assistance, cooperation in every area, contacts between our people and, all through seamless connectivity."

Sri Lanka President Mahinda Rajapaksa said better connectivity will help economic integration and will boost people-to-people contact in the region.

In her speech at the Summit, Bangladesh Prime Minister Sheikh Hasina said her country was in favour of early signing of the regional motor vehicle and railway agreements and said the pacts will help trade.

On the connectivity pacts, External Affairs Ministry Spokesperson Syed Akbaruddin said these agreements were discussed at various senior levels and there was no objection from any country but one state has indicated that they need approvals of their internal processes. However, he did not divulge the name of the county."

Noting that SAARC works on the consensus which was smart and efficient way of working, Akbaruddin said India hopes some "tangible" outcomes as the eight-member bloc has often being accused of not moving fast.

Ahead of the visit by Prime Minister Modi to attend the summit, the cabinet had cleared the signing and ratifying of the SAARC Motor Vehicles Agreement and SAARC Regional Railways Agreement by India, as a member state of SAARC.

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News Network
June 11,2020

New Delhi, Jun 11: Petrol and diesel prices on Thursday were hiked by 60 paise per litre each - the fifth straight daily increase in rates since oil PSUs ended an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 74 per litre from Rs 73.40 while diesel rates were increased to Rs 72.22 a litre from Rs 71.62, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fifth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In five hikes, petrol price has gone up by Rs 2.74 per litre and diesel by Rs 2.83.

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Agencies
May 4,2020

Mumbai, May 4: Days after Facebook, private equity firm Silver Lake said it will invest 56.56 billion rupees ($746.74 million) in Reliance Industries's digital arm, giving it a valuation of 4.90 trillion rupees. Silver Lake on Monday agreed to pay Rs 5,655.75 crore to buy 1.15 per cent stake in the firm that houses billionaire Mukesh Ambani's telecom arm Jio.

The investment in Jio Platforms comes within days of Facebook investing USD 5.7 billion to buy a 9.99 per cent stake in Jio Platforms. The investment is at a premium of 12.5 per cent to the Facebook deal.

"This investment values Jio Platforms at an equity value of Rs 4.90 lakh crore and an enterprise value of Rs 5.15 lakh crore and represents a 12.5 per cent premium to the equity valuation of the Facebook investment announced on April 22, 2020," Reliance said in a statement.

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News Network
May 11,2020

Kolkata, May 11: Murshidabad district, one of the biggest contributors to the army of migrant workers from West Bengal, received news of unnatural deaths of three of these people since Saturday. While two died in Kerala, one was found dead in a rented house in Odisha.

Residents of Baliaghati village in Murshidabad’s Suti police station area said Safikul Sheikh (31) was killed in a road accident in Kerala. Sheikh’s associates called up his family on Sunday morning and said he had gone to a local market, violating lockdown orders, when the accident took place. Sheikh wanted to return home before Eid but got stranded.

Mohammad Hafijul, one of Sheikh’s relatives, said, “A few days ago a special train from Kerala carried migrant workers to Murshidabad but Safikul did not have the money to buy a ticket. We do not know how his body will be brought back.”

In another incident, a 24-year-old resident of Domkal allegedly hanged himself in Kerala on Saturday. He used to work in a brick kiln. His mother said, “My son was depressed as he could not buy a ticket to board the special train that came to Murshidabad. We have appealed to the local administration to bring back his body.”

In the third incident, Bakul Sheikh (24) died under mysterious circumstances at Sonepur in Odisha where he went five months ago to work as a mason. Sheikh hails from Kohetpur village in Shamserganj. His relatives told the local police that his associates called up and said he was found dead inside the toilet of the house where he was living with other migrant workers.

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