Remain calm and do not believe in rumours: J&K governor to people

Agencies
February 24, 2019

Jammu, Feb 24: In a bid to end the simmering 'war hysteria' in Jammu and Kashmir, especially in the valley, g overnor Satya Pal Malik on Sunday appealed that people should remain calm and not believe in rumours "circulating widely" to vitiate the atmosphere.

He also clarified that the induction of paramilitary forces should only be seen in the context of conducting elections and should not be attributed to any other cause.

"People should not believe in rumours, which are of extreme nature and circulating widely in some quarters. They should remain calm. These rumours are unnecessarily creating an atmosphere of fear in the minds of people, leading to stress and disruption to normal life. Rumours about curfews and other actions should not be believed," the governor said in his appeal.

He said "some security-related actions" were being taken after the February 14 Pulwama attack in which 40 CRPF personnel lost their lives when a terrorist of Jaish-e-Mohammed terror group blew himself next to a convoy.

"This attack was an unprecedented one. The response of security forces is guided solely by the need to counter both the impact and any further action that may be taken by terrorist groups who are still out to disrupt our country and its democratic processes," he said.

The statement from the governor came after the state administration issued many orders including supplying ration at the earliest, cancelling leave of doctors and policemen, rationing of petrol to the general public, leading to a war hysteria. The widespread arrests of Jamaat-e-Islami cadres and separatists contributed to these rumours.

The flying of IAF jets in dead hours of the night in Kashmir valley also added to these fears despite the IAF maintaining it was a routine exercise.

The governor also addressed the issue of safety and security of Kashmiris residing outside the state. He said Prime Minister Narendra Modi has given clear directions to the country on Saturday that there is no fight against Kashmiris but that it is a fight for Kashmir.

This is a clear signal that the people of Jammu and Kashmir are not only integral part of India but it is the responsibility of the country to take care of their safety wherever they may be, he said.

"Over 22,000 Kashmiri students are studying outside the state and the number of students who have actually been injured or hurt in incidents is not even in single digits ... the exaggerated reporting has led to unnecessary excessive reactions in the Kashmir valley," he said.

The governor said it was necessary for everyone to avoid fear-mongering and not to worsen matters.

He also re-assured all government employees and their families, who stay in Jammu, that their safety and security was of primary importance.

Ahead of the appeal, the governor chaired an informal meeting of the State Administrative Council (SAC) here to review the current situation in the state, particularly in the context of the terror attack in Pulwama on February 14 and the subsequent developments, an official spokesman said.

In the meeting, Malik was briefed about the current security situation in Jammu city after the lifting of the curfew a few days ago and also the restoration of normalcy in the place.

After the Pulwama incident, an official spokesman said, security concerns are much higher with the possibility of terrorist organisations increasing their activities against candidates and voters on a much larger scale.

"Normally, forces are inducted a month before elections so that they settle down and familiarise with the ground situation. It is in this context that 100 companies of central forces are being inducted into the state at the moment. This is less than the actual additional forces required and more would be inducted in the coming weeks," he said.

The spokesman said the SAC was also informed that the supply situation of petroleum and other products in the Kashmir valley is critically low.

"The availability of petrol in the Kashmir valley is adequate to meet the needs for just one day and that of diesel for four days. There is no stock of LPG in the Kashmir valley. This is a result of the earlier blockage of the national highway for seven days and the ongoing blockage for the past four days, leading to disruption of supplies from Jammu to Srinagar," he said.

As a precautionary measure, the Kashmir divisional commissioner has rationed petrol and diesel supply to conserve whatever is available for emergency purposes.

"Steps are being taken to increase the availability of stocks in the Kashmir valley. People of the state should not read anything more into this but see it only as an administrative measure in a shortage situation," the spokesman said.

"On the medicine front also, the instructions to hospitals to increase availability of medicines is also to be seen in the context of shortage of supplies as a result of the prolonged disruption in transport," he said.

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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News Network
April 23,2020

Riyadh, Apr 22: In an extraordinary initiative, the government of the Kingdom of Saudi Arabia has decided to facilitate the travel of expatriates who have an exit and reentry visa or final exit visa to return to their countries.

This is in line with the order of Custodian of the Two Holy Mosques King Salman, according to the Saudi Press Agency.

According to the initiative, called “Auda” (return), expatriates can apply seeking permission for travel to their countries through the Absher portal of the ministry.

Announcing this, Saudi's Ministry of Interior said that the initiative will be implemented in cooperation with a number of relevant government agencies.

Requests for travel from expatriates will be received and approved in coordination with the relevant authorities to complete their travel procedures on board international flights.

As per the initiative, a text message will be sent to the beneficiary stating the travel date, ticket number and reservation details, and by which the beneficiary can obtain his travel ticket and complete the travel procedures.

Clarifying the procedures for the travel, the ministry said that the applicant shall select the icon (Auda) after visiting the Absher portal and fill the following fields: iqama (residency permit) number, date of birth, mobile number, departure city and airport of arrival.

It is not mandatory for the expatriate to have his own Absher account for availing of the service, the ministry said, adding that this facility is to enable expatriates to benefit from this initiative.

The departure will be through the following airports: King Khalid International Airport in Riyadh, King Abdulaziz International Airport in Jeddah, Prince Muhammad International Airport in Madinah, and King Fahd International Airport in Dammam.

Those expatriates who are outside these cities can benefit from the service through entering airport of departure after completion of their travel procedures in sufficient period of time.

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Agencies
January 9,2020

The World Bank says that a lack of credit and drop in private consumption have led to a gloomy growth outlook for India with a steep cut in growth rate for the current fiscal year and only a modest gain projected for the next year.

India's growth rate is forecast to be only 5 per cent for the current fiscal year, weighed down by a growth of only 4.5 per cent in the July-September quarter, according to the 2020 Global Economic Prospects report released on Wednesday.

"In India, [economic] activity was constrained by insufficient credit availability, as well as by subdued private consumption," the Bank said.

The growth rate is forecast by the Bank to pick up to 5.8 per cent in the next fiscal year and to 6.1 per cent in 2021-22.

India's growth rate was 6.8 per cent in 2018-19.

The 5 per cent growth rate projection for the current financial year is a sharp cut of 2.5 per cent from the 7.5 per cent forecast made by the Bank in January last year, toppling it from the rank of the world's fastest growing economy.

India's performance follows a global trend of lowered growth weighed down by developed economies.

The report estimated world economic growth rate to be only 2.4 per cent last year and forecast it to edge up 0.1 per cent to 2.5 per cent in the current year.

Even with the lower growth rate of 5 per cent in the current fiscal year and 5.8 per cent forecast for the next, India holds the second rank among large economies, behind only China with an estimated growth rate of 6.1 per cent for 2019 and 5.9 per cent this year.

The report blamed "weak confidence, liquidity issues in the financial sector" and "weakness in credit from non-bank financial companies" for India's slowdown.

The Bank predicated India's recovery to 5.8 per cent in the coming financial year for India but "on the monetary policy stance remaining accommodative" and the assumption that "the stimulative fiscal and structural measures already taken will begin to pay off."

It also warned that sharper-than-expected slowdown in major external markets such as United States and Europe, would affect South Asia through trade, financial, and confidence channels, especially for countries with strong trade links to these economies."

The Bank said that the growth of advanced economies was 1.6 per cent last year and "is anticipated to slip to 1.4 per cent in 2020 in part due to continued softness in manufacturing."

In contrast the growth of emerging market and developing countries is expected to accelerate from 3.5 per cent last year to 4.1 per cent this year, the report said.

In South Asia, Bangladesh is estimated to have the highest growth rate of 7.2 per cent in the current fiscal year, although down from 8.1 per cent last fiscal year.

But its higher regional growth rates are coming off a lower base with a per capital gross domestic product of $1,698 compared to $2,010 for India.

Bangladesh is expected to grow by 7.3 per cent in the next financial year.

Pakistan's growth rate is estimated at only 2.4 per cent in the current fiscal year and is projected to rise to 3 per cent in the next, according to the Bank.

The Bank blamed monetary tightening in Pakistan for a sharp deceleration in fixed investment and a considerable softening in private consumption for the fall in growth rate from 3.3 per cent in the 2018-19 fiscal year.

Sri Lanka's growth rate was estimated to be 2.7 per cent last year and forecast to grow to 3.3 per cent this year.

Nepal grew by an estimated 6.4 per cent in the current fiscal year and will rise to 6.5 per cent in the next.

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