IS propoganda has not affected Indian social fabric, says Rajnath Singh

Agencies
March 15, 2018

Gurgaon, Mar 15: Home Minister Rajnath Singh has said Indian social fabric has not been affected by the emergence of the Islamic State.

"I am, however, happy that Indian social fabric has not been affected by the emergence of the Islamic State and I am sure this will not have any further impact in our country," he said.

Addressing the fourth counter-terrorism conference -- 'Changing Contours of Global Terror' -- Singh, without taking Pakistan's name, said some countries are providing sponsorship and safe havens to terrorists and this has further played a major role in the phenomenal growth of terrorism globally.

"Radicalisation of populace, particularly youths, is another trend and one of the most challenging problems being faced the world over.

"Several countries in the world have identified the problem and have taken measures to check and control the process of radicalisation and I am happy to state that India has timely busted some modules that were planning to orchestrate terrorist attacks on her soil," he said.

The home minister said providing sponsorship and safe havens have further played a major role in the phenomenal growth of global terrorism.

In addition, state support has granted terrorist groups access to resources, guidance and logistics, which would normally be beyond their capabilities, Singh said.

"Any effort to counter the activities of terrorist groups carries the danger of placing the victim nation in direct confrontation with the host nation and its resources," he said.

Singh said in the recent years, the perception of global terrorism has undergone a massive makeover with the rise of armed terror groups especially in the Middle East, South Asia and Africa.

"This phenomenon could be attributed to the diminishing control in the terror space of the Al-Qaeda leadership, which just a decade ago was the face of terrorism. The shift of AQ Network from the Middle East to South Asia is a phenomenon, which is of serious concern to India," he said.

The home minister said a new dimension of terrorism is the networking of terrorist groups with the criminal underworld including organised crime gangs, gunrunners, smugglers, drug peddlers, with hawala and parallel banking channels being used for global flows of finance.

"It has enabled global terrorist groups to use the infrastructure and terrain knowledge of local outfits for launching attacks in countries, despite having no presence in the area," he said.

The home minister said the government has kept a keen watch on the growth of IS and their ways of using social media as a key tool for ideological indoctrination, recruitment and networking by targeting young generation and intellectual Muslims.

"The potential threat posed by the ISIS are large-scale radicalisation of Muslim youths throughout the world, the rise in 'lone-wolf' and terror attacks by returnee foreign fighters to their home countries. The terror attacks in Australia and France are telling examples of such threat," he said.

Singh said IS propaganda has significantly altered jihadi discourse in India, which, so far, was rooted in grievances against the Indian state and society.

"I am, however, happy that Indian social fabric has not been affected by the emergence of the Islamic State and I am sure this will not have any further impact in our country," he said.

The home minister said India has consistently taken steps to intensify and strengthen international cooperation through various means.

Terrorism, in all forms, including, Left Wing Extremism and Insurgency, poses a challenge on the sovereignty of India and the country already faces a serious challenge due to relentless efforts of Pakistan-sponsored anti-India Islamist groups like the LeT, JeM, HUJI and Hizbul Mujahideen, he said.

Singh said the emergence of India at the global level is also being challenged by the terrorist groups, due to its vibrant economy and plural character.

Comments

Abu Muhammad
 - 
Thursday, 15 Mar 2018

Rajnathji, it is because Muslim scholars exposed IS as anti-muslim, unislamic and US-Israel sponsored international terrorist group whose leader is a Jew with a muslim name.

 

Sirji, why did you left out RSS, BD, VHP, Gou Rakshas, Vahinis, Senas, brigades etc. affiliated to BJP from Radicalisation, Terrorism, extremism, communalism ?? World wants to know your answer???

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News Network
March 21,2020

Rome, Mar 21: Italy on Friday reported a record 627 new deaths from the novel coronavirus, taking its overall toll past 4,000 as the pandemic gathered pace despite government efforts to halt its spread.

The total number of deaths was 4,032, with the number of infections reaching 47,021.

Italy's previous one-day record death toll was 475 on Wednesday.

The nation of 60 million now accounts for 36.6 percent of the world's coronavirus deaths.

Italy has seen more than 1,500 deaths from COVID-19 in the past three days alone.

Its current daily death rate is higher than that officially reported by China at the peak of its outbreak around Wuhan's Hubei province.

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Agencies
June 13,2020

New Delhi, Jun 13: In a bid to provide relief to small businesses amid the coronavirus pandemic, the GST Council on Friday decided to halve the interest rate on late filing of GSTR-3B returns for the period of February, March and April 2020.

The interest rate on late return filing will be 9% from the usual 18% till September 30, 2020. The benefit will be available for small taxpayers with aggregate turnover of up to Rs 5 crore.

For the three months, small taxpayers will not be charged any interest till the notified dates for relief and thereafter 9% interest will be charged till September 30, a Finance Ministry statement said.

"For small taxpayers (aggregate turnover upto Rs 5 crore), for the supplies effected in the month of February, March and April 2020, the rate of interest for late furnishing of return for the said months beyond specified dates (staggered upto 6th July 2020) is reduced from 18 per cent per annum to 9 per cent per annum till 30.09.2020," said the statement.

The Council has also extended relief to small taxpayers for subsequent period of 2020 through waiver of late fees and interest if the returns in Form GSTR-3B for the supplies effected in the months of May, June and July are furnished by September 2020.

It has also decided to reduce the late fee on the filing of GSTR-3B returns for the period between July 2017 and January 2020. The late fee has been capped at Rs 500, but interest will be charged at the existing rate on the due tax liability.

Speaking to the media in New Delhi after a GST Council meet through videoconference, Union Finance Minister Nirmala Sitharaman said that those entities with no tax liability will not have to submit the late fee for the period.

For entities with tax liability but which have not filed returns or have filed returns late, the late fee has been capped at Rs 500 without interest. Interest will, however, be payable on the tax component at the applicable rate for delays.

To facilitate taxpayers who could not get their cancelled GST registrations restored in time, the Council has provided an opportunity for filing of application for revocation of cancellation of registration up to September 30, 2020, in all cases where registrations have been cancelled till June 12, 2020.

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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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