PM Modi says, India will always support Palestine; bats for dialogue with Israel

Agencies
February 10, 2018

Ramallah (West Bank), Feb 10: Prime Minister Narendra Modi today met Mahmoud Abbas on a historic visit to Palestine during which the Palestinian President sought India's role in achieving a "just and desired peace" with Israel in accordance with the two-state solution.

President Abbas received Modi, the first Indian Prime Minister to make an official visit to Palestine, in an official ceremony at the presidential compound, also known as Muqata'a, in Ramallah - the Palestinian seat of government.

They discussed the full range of India-Palestine ties following which the two sides signed six agreements worth around USD 50 million that includes setting up of a USD 30 million super speciality hospital in Beit Sahur.

Three agreements in the education sector worth USD 5 million, one MoU for procurement of equipment and machinery for the National Printing Press and one for construction of a centre for empowering women were also signed.

At a joint press statement with Modi, President Abbas acknowledged that the Indian leadership has always stood by peace in Palestine.

Abbas said he had "fruitfull and constructive" talks with Prime Minister Modi and he updated the Indian leader on the overall developing situation in Palestine and in the region.

He said Palestine is always ready to engage in negotiations to achieve freedom and independence in accordance with the two-state solution along the lines of 1967 and internationally legitimate resolutions so that both Palestine and Israel can co-exist in peace and security, provided that East Jerusalem is the Capital of the state of Palestine.

He said the formation of a multi-lateral mechanism that is produced by an international peace convention is the most ideal way to broker such negotiations with Israel.

"We rely on India's role as an international voice of great standing and weigh through its historical role in the Non-Aligned Movement and in all international forum and its increasingly growing power on the strategic and economic levels, in a way that is conducive to just and desired peace in our region," President Abbas said.

The two-state solution envisions independent Israeli and Palestinian states coexisting side by side peacefully. The Palestinians see East Jerusalem as their future capital.

Prime Minister Modi assured President Abbas that India is committed to the Palestinian people's interests.

"Friendship between India and Palestine has stood the test of time. The people of Palestine have shown remarkable courage in the face of several challenges. India will always support Palestines development journey," Modi said.

The Prime Minister said India hopes for return of peace in the West Asian region.

"We hope for peace and stability in Palestine, we believe a permanent solution is possible with dialogue. Only diplomacy and farsightedness can set free from violence and baggage of the past. We know it is not easy but we need to keep trying as a lot is at stake," Modi said.

Though India has shied away from becoming a party in the Israel-Palestinian conflict, the Palestinian leader on several occasions has stressed on a possible role for New Delhi in the Middle East peace process.

India believes in a two-state solution in which both Israel and a future Palestinian state coexist peacefully.

Modi's visit to Palestine comes amid heightened tensions in the region after US President Donald Trump recognised Jerusalem as the capital of Israel.

The unilateral US decision to declare Jerusalem as the capital of Israel was challenged at the UN General Assembly where 128 nations, including India, voted to turn down the move as "null and void".

Trump's decision to declare Jerusalem as Israel's capital angered the Palestinians, sparked protests in the Middle East and raised concern that it could further destabilise the region, marred by decades of the Israeli-Palestinian conflict.

During his maiden visit to Israel last year, Modi did not travel to Ramallah. His standalone visit to Israel had led to many analysts questioning the future of the Indo-Palestine ties. This time Modi skipped Israel in a clear message that India is de-hyphenating its ties with Israel and Palestine.

President Abbas also conferred the 'Grand Collar of the State of Palestine' on Prime Minister Modi, recognising his key contribution to promote ties between India and Palestine.

The Grand Collar is Highest order given to foreign dignitaries - Kings, Heads of State/Government and persons of similar rank.

Modi thanked Abbas, saying "this is a matter of proud for India. This is also the reflective of the friendship between India and Palestine."

Earlier, the two leaders exchanged hugs and stood for the national anthem of the two countries and then inspected the guard of honour before their bilateral talks.

Archbishop of Catholic Church, Poulos Marcuzzo, and religious leaders of the Al-Aqsa mosque were also at the Muqata'a to greet Modi.

Modi flew in a Jordanian army helicopter straight from Amman to Ramallah, where he was received by his Palestinian counterpart Rami Hamdallah. Prime Minister Modi's chopper was escorted by choppers from Israel Air Force.

Soon after his arrival, Prime Minister Modi visited the Mausoleum of Yasser Arafat in Ramallah and laid a wreath at the grave of the iconic Palestinian leader. He was accompanied by his Palestinian counterpart Hamdallah.

After paying homage to Arafat, Modi took a short tour of the Arafat Museum located adjacent to the mausoleum.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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Agencies
February 20,2020

Tirupur, Feb 20: Nineteen people died in a collision between a Kerala State Road Transport Corporation bus and a truck near Avinashi town of Tirupur district on Thursday morning here.

The bus was on its way to Ernakulam in Kerala from Bengaluru in Karnataka when the mishap occurred.

Deputy Tehsildar of Avinashi Town informed, "19 people that include 14 men and 5 women, died in the collision between the bus and the truck near Avinashi town."

The bodies have been taken to Tirupur government hospital.
Further details are awaited.

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News Network
May 11,2020

May 11: Congress leader Rahul Gandhi on Monday said many states were amending labour laws, but the fight against the novel coronavirus pandemic cannot be an excuse to exploit workers, suppress their voice and crush their human rights.

Gandhi said there cannot be any compromise on the basic principles by allowing unsafe workplaces.

"Many states are amending labour laws. We are together fighting against corona, but this cannot be an excuse to crush human rights, allow unsafe workplaces, exploit workers and suppress their voice," he said.

"There cannot be any compromise on these basic principles," he added.

Congress leader Jairam Ramesh also said it would be dangerous and disastrous to loosen labour, land and environment laws in the name of economic revival and stimulus.

"In the name of economic revival and stimulus, it will be dangerous and disastrous to loosen labour, land and environmental laws and regulations as the Modi govt is planning.

"The first steps have already been taken. This is a quack remedy like demonetisation," Ramesh tweeted.

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