PM Modi compares Indo-Bangla LBA with fall of Berlin Wall, accuses Pak of creating 'nuisance'

June 8, 2015

Dhaka, Jun 8: Prime Minister Narendra Modi said that the Land Boundary Agreement ratified between India and Bangladesh was an agreement to join hearts and lessen the distances between the two nations that are not just "paas-paas" but also "saath saath".

PM Modi

Addressing intellectuals in Dhaka University at the end of his two-day visit on Sunday, Modi said if in one sentence he is to describe ties: "People think that we are 'paas-paas' but now the world will have to accept that we are not just 'paas paas' but 'saath-saath'," he said to loud applause.

On the LBA, Modi also quoted a newspaper editorial that said that the agreement was equivalent to the fall of the Berlin Wall. He asserted that the world will have to acknowledge that "we are people who find ways to move ahead."

Prime Minister also attacked Pakistan accusing it of creating "nuisance" and "constantly" troubling India by promoting terrorism.

The Prime Minister's sharp criticism came during the course of his address at the Bangabandhu International Convention Centre here when he vowed to jointly combat with Bangladesh terrorism in the region.

"Pakistan aaye din (constantly) disturbs India, jo naako dum la deta hai (creates nuisance), terrorism ko badhawa (deta hai)...Ki ghatnaayein ghatthi rehti hain (promotes terrorism and such incidents keep recurring)," Modi said in his address to Dhaka University.

Recalling that 90,000 Pakistani prisoners of war were in India's captivity during the 1971 Bangladesh Liberation War, Modi said, "if we had a diabolic mindset, we don't know then what decision we would have taken."

"Terrorism has no boundaries. India has been troubled by it for the last 40 years. So many innocent people have died and what did those associated with terrorism gain and what have they given to the world...Terrorism has no values, no principles, no traditions and it has only one motive and that is enmity against humanity," he said.

A Joint Declaration issued on the last day of Modi's maiden two-day visit to Bangladesh reaffirmed the two countries' "unequivocal and uncompromising position against extremism and terrorism in all forms and manifestations."

The two sides also committed to cooperate with each other by sharing information about groups and persons indulging in terrorism.

"They reiterated their commitment that their respective territories would not be allowed to be used for any activity inimical to the other," the declaration said.

In his address, the Prime Minister came out strongly against expansionism, saying there is no place for it in today's world.

"The World has changed, there was a time when may be expansionism was used to be the symbol of a country's power as to which one is expanding how much and reaching which place...But times have changed. Now in this era there is no place for expansionism and the world wants development not expansionism and this is the basic vision.

Making a strong pitch for reforms of the UN and its Security Council, Modi said India has still not got a permanent seat in the UNSC.

"India is a country which never fought to gain land. 75,000 Indian soldiers had sacrificed their lives for others in the First World War, and 90,000 in the Second World War," he said.

The Prime Minister also referred to India's role in peacekeeping operations across the world, noting that Indian soldiers had fought alongside 'Mukti Jodhas' (freedom fighters) as well for Bangladesh.

"Yet India has still not got a permanent seat on the UN Security Council," Modi said.

The Prime Minister said that the return of Pakistani PoWs itself should have been enough to convince the world that India should get a permanent seat in the UNSC.

On the settlement of the 41-year-old land boundary dispute by swapping of documents regarding the Land Boundary Agreement (LBA), he said, "If people feel LBA is a pact of few kilometres of the land it is not true, it is a meeting of hearts rather than just an agreement in the world where all battles were fought for land.

On the long-pending Teesta water-sharing deal, Modi said the issue has to be solved with a humanitarian perspective.

"Water issues need to be resolved from humanitarian perspective. I am confident we will be able to do so," he said, adding that, "It is the responsibility of both sides to ensure that a solution is found."

The Prime Minister, who held bilateral talks with his Bangladeshi counterpart Sheikh Hasina after which 22 pacts were signed on Saturday, said, "while people thought we were just near (paas-paas) to each other, now the world would have to acknowledge that we are not just paas-paas but also saath-saath (together)."

Winding up his two-day visit, Modi said though his present trip has ended, he felt the "real journey begins now."

His hour-long address, heard with rapt attention by members of the Indian community, eminent Bangladeshis including political personalities, cultural personalities, business persons, academicians and Dhaka University students here, was repeatedly applauded.

Modi said he was happy that Prime Minister Hasina had declared zero tolerance for terrorism. He said terrorism is an enemy of humanity and therefore all humanitarian forces had to unite to fight it.

The Prime Minister said his vision and Premier Hasina's vision matched perfectly -- that of development.

Modi said many states in India could learn from Bangladesh on several social indicators, such as infant mortality rate.

Modi also congratulated Hasina for her "single-minded focus on economic development." He said a firm foundation is being laid for Bangladesh's economic progress.

The Prime Minister said SAARC countries were keen to establish connectivity at the last SAARC summit -- but then -- not every country is Bangladesh. He said India, Bangladesh, Nepal and Bhutan had now decided to move ahead in this direction.

Noting that no country could work alone as the whole world had become interdependent, Modi said the European Union had developed a lot because of better connectivity.

He said India and Bangladesh had recognised this fact, and this was reflected in the 22 agreements that had been signed during his visit here.

The Prime Minister, in his address, also spoke of shared potential in sectors such as solar energy and space.

Talking about cooperation in SAARC, the Prime Minister said on the first day itself, his government had invited SAARC leaders and indicated his intention to progress.

"The dream I have for India is the same I have for Bangladesh. I will return to Bangladesh," Modi said, concluding his speech.

After the address, Modi left for India after the two-day hectic visit.

"Dhonnobad Bangladesh. History has been created. Now onwards to the future!" Ministry of External Affairs Spokesperson Vikas Swarup tweeted along with a picture of Modi waving before emplaning for Delhi.

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News Network
April 17,2020

New Delhi, Apr 17: With 1,076 new cases of COVID-19 in the last 24 hours and 32 deaths, India's total count of coronavirus cases has surged to 13,835, said the Union Ministry of Health and Family Welfare on Friday.

The total cases are inclusive of 1,766 cured and discharged patients, one migrated and 452 deaths. At present, there are 11,616 active COVID-19 cases in the country.

Before the lockdown, the doubling rate of COVID-19 cases was about three days, but according to the data of the past 7 days, the doubling rate of cases now stands at 6.2 days, said Lav Aggarwal, Joint Secretary, Health and Family Welfare.

"Before the lockdown, doubling rate of COVID-19 cases was about three days but according to the data of past 7 days, the doubling rate of cases now stands at 6.2 days," Aggarwal said during the daily briefing on COVID-19.

Aggarwal said that as many as 5 lakh rapid antibody testing kits are being distributed to States and Districts where a high case burden has been observed.

"A total of 1,919 dedicated COVID-19 hospitals with 1.73 lakh isolation beds, 21,800 ICU beds readied in India," he added. 

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News Network
February 1,2020

Feb 1: The Congress on Saturday expressed hope that the Union Budget would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation.

Congress chief spokesperson Randeep Surjewala said the last budget led to crashing consumption levels, soaring unemployment and falling GDP. “Budget 2019= Consumption crashed, Unemployment soared, Farm distress surged, Incomes declined, Investments slumped, Public spending fell, GDP nose dived!,” Surjewala tweeted. “Yet, Modiji gave Corporate Tax Cuts of Rs 1,45,000 crore. Let Budget 2020 give tax cuts to Salaried Class and invest in Rural India,” he said

Rajasthan Chief Minister Ashok Gehlot hoped the budget fulfils expectations of the common people. “Budget 2020 is the time for NDA government to provide a healing touch to common people and industries facing hardships since noteban. Hope the budget fulfils expectations of common people and provide relief across sections,” Gehlot said.

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News Network
July 16,2020

New Delhi, Jul 16: With India's economic growth sputtering, the Reserve Bank of India was expected to maintain a rate-cutting cycle, but an uptick in near-term inflation could give the central bank's Monetary Policy Committee reason to pause for now.

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of lockdowns across India.

Some economists and market insiders argue it may be prudent for the MPC, the policy committee, to hold its fire when it meets early next month.

"It's probably too early to administer a demand stimulus. The RBI still has room to cut rates, but we probably want to be more cautious of the timing," said Venkat Pasupuleti, portfolio manager at Dalton Investments.

"Maybe they should wait a quarter to see how things pan out once the lockdown situation is eased further."

Market participants have factored in at least a 25 bps rate cut by the MPC on August 6 while analysts are predicting a total 50-75 bps cuts over the rest of the fiscal year that runs to March 31.

The spike in the retail inflation rate above the RBI's mandated 2%-4% target range is another reason for the central bank to take a breather, analysts say.

Annual retail inflation rose to 6.09% in June, compared to 5.84% in March and sharply above a 5.30% median forecast in a Reuters poll of economists.

Rahul Bajoria, an economist at Barclays, said the spike in both consumer and wholesale prices "could lead to a tempering in enthusiasm for material front-loaded policy support from here on."

Almost all economists however agreed the RBI cannot move away from its accommodative stance or call an end to the rate cutting cycle just yet.

India's economy grew at 3.1% in the March quarter - an eight year low - and some economists have predicted a contraction of more than 20% in the June quarter and a contraction of up to 5% in the fiscal year.

"Even in the event of a pause, we think the RBI and MPC would want to hold out the promise of more cuts," said A. Prasanna, economist with ICICI Securities.

RBI Governor Shaktikanta Das said in a recent speech the need of the hour is to restore confidence, preserve financial stability, revive growth and recover stronger, suggesting inflation concerns are unlikely to deter the downward trajectory for rates too soon.

"The August policy decision would boil down to a judgment call over whether RBI can maintain easy monetary and financial conditions without the aid of a token rate cut," Prasanna said. 

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