Pakistanis, Kashmiris, Sikhs target Indians celebrating I-Day in London; 4 arrested

Agencies
August 16, 2019

London: Scotland Yard has arrested four persons after thousands of agitators converged outside the Indian High Commission in London for planned protests and counter-demonstrations to mark Independence Day on Thursday, resulting in an extremely tense face-off between different groups.

The anti-India protest, organised by Pakistani groups and Sikh and Kashmiri separatist outfits, was demarcated with metal barriers from a pro-India demonstration outside India House, during which placard-waving crowds disrupted the flow of traffic and chanted slogans.

As the clashes progressed through the day, there were instances of stone-pelting and bottle-throwing, with Scotland Yard officers on duty seen tackling some of the protesters to restrain them.

The protests, which according to the Metropolitan Police resulted in one injury, was described as largely peaceful involving a small number of incidents.

"The event was largely peaceful but officers did have to react and deal with a small number of incidents as they happened. In total there were four arrests for Section 4 of the Public Order Act, affray, obstruction of police and possession of an offensive weapon," the Metropolitan Police said in a statement.

"Public order trained officers were policing today's demonstration as part of a planned operation. One person was injured during the demonstrations," it said.

Earlier, the Met Police had confirmed that it had been aware of the protests and had therefore made appropriate policing arrangements, which included considerable number of officers on foot as well as officers mounted on horses.

While the anti-India protesters chanted slogans, the counter-protesters waved the Tricolour during the face off. The anti-India crowd included the pro-Khalistan Referendum 2020 group, a regular feature outside India House during Independence Day protests over the years.

However, the turnout this year was expected to be much larger in the wake of the Indian government's move to revoke the special status to Jammu and Kashmir.

Earlier in the day, the Indian High Commission hosted its annual Independence Day celebrations with a flag-hoisting ceremony, with the Indian High Commissioner to the UK, Ruchi Ghanashyam, felicitating members of the World Peace Rally, which concluded in London this week after covering 105 cities and a distance of 17,000-km.

Ghanashyam also greeted the Indian Cricket Association for the Physically Challenged team, which recently beat England to win the Physical Disability World Cricket Series 2019 at Worcester in the West Midlands region of England.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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Agencies
February 25,2020

New Delhi, Feb 25: Union Home Minister Amit Shah on Tuesday called a meeting to discuss the prevailing situation in the national capital after violence in Northeast Delhi over the amended citizenship law left four people dead.

Delhi's Lieutenant Governor Anil Baijal, Chief Minister Arvind Kejriwal and representatives of different political parties were invited for the meeting.

Follow live updates of clashes among CAA protesters in Delhi here

The home minister has convened a meeting to discuss the current situation in Delhi, a Home Ministry official said.

The move came after the home minister reviewed the law and order situation in the national capital on Monday night as violence rocked Northeast Delhi.

Frenzied protesters torched houses, shops, vehicles and a petrol pump, besides hurling stones.

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News Network
March 4,2020

New Delhi, Mar 4: The government on Wednesday permitted NRIs to own up to 100 per cent stake in disinvestment-bound Air India.

The decision comes at a time when the government is looking to sell 100 per cent stake sale in the national carrier.

Union minister Prakash Javadekar said the Cabinet has approved allowing Non-Residents Indians (NRIs) to hold up to 100 per cent stake in Air India.

Allowing 100 per cent investment by Non-Resident Indians (NRIs) in the carrier would also not be in violation of SOEC norms. NRI investments would be treated as domestic investments.

Under the Substantial Ownership and Effective Control (SOEC) framework, which is followed in the airline industry globally, a carrier that flies overseas from a particular country should be substantially owned by that country's government or its nationals.

Currently, NRIs can acquire only 49 per cent in Air India. Foreign Direct Investment (FDI) in the airline is also 49 per cent through the government approval route.

As per the existing norms, 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines.

In the case of scheduled airlines, 49 per cent FDI is permitted through automatic approval route and any such investment beyond that level requires government nod.

On January 27, the government came out witha Preliminary Information Memorandum (PIM) for Air India disinvestment. It has proposed selling 100 per cent stake in Air India along with budget airline Air India Express and the national carrier's 50 per cent stake in AISATS, an equal joint venture with Singapore Airlines.

Under the latest disinvestment plan, the successful bidder would have to take over only debt worth Rs 23,286.5 crore while the liabilities would be decided depending on current assets at the time of closing of the transaction.

This is the second attempt by the government in as many years to divest Air India, which has been in the red for long.

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