'Rising Kashmir' hits stands with black pic of Shujaat Bukhari

Agencies
June 15, 2018

Srinagar, Jun 15: English newspaper 'Rising Kashmir' published its daily edition today even after losing its editor-in-chief Shujaat Bukhari yesterday in an assassination which also left two of his two personal security officers (PSOs) dead.

Bukhari and his two PSOs were shot dead by unidentified gunmen outside Rising Kashmir office in Press Enclave near the city centre Lal Chowk here in Srinagar shortly before the 'Iftaar' yesterday evening.

Bukhari is survived by his wife and one son and a daughter.

Rising Kashmir hit the stands this morning with its front page carrying the full-page photograph of its late editor-in-chief in black background.

The page also carried the message that the paper would not be cowed down.

“You left all too sudden but you will always be our leading light with your professional conviction and exemplary courage. We won't be cowed down by the cowards who snatched you from us. We will uphold your principle of telling the truth howsoever unpleasant it may be...Rest in peace!” the paper said.

Former Jammu and Kashmir chief minister Omar Abdullah said publishing the daily despite Bukhari's killing is the most fitting tribute to him as it was what the late journalist would have wanted to.

“The show must go on. As Shujaat would have wanted it to. This is today's @RisingKashmir issue. That Shujaat's colleagues were able to bring out the paper in the face of insurmountable grief is a testament to their professionalism & the most fitting tribute to their late boss,” Omar wrote on Twitter while sharing a picture of the front page of the paper.

Bukhari's killing has evoked widespread condemnations in Jammu and Kashmir and from across the country.

Jammu and Kashmir Governor N N Vohra has conveyed shock and grief on the gruesome killing of  Bukhari. Recalling Bukhari's standing as a veteran journalist, the Governor described his murder as a big loss to the media fraternity.

In a message, Vohra has prayed for peace to the departed soul and strength to the bereaved family to bear this irreparable loss. The Governor also called Bukhari's brother and Cabinet Minister Basharat Ahmed Bukhari to convey his heartfelt sympathy.

Chief Minister Mehbooba Mufti has also strongly condemned the killing of the veteran journalist. In a condolence message, the chief minister described the killing of Bukhari as highly barbaric, deplorable and condemnable.

“His killing has only established that violence cannot stand the scrutiny of logic and rationality. The whole state stands in unanimity in condemning this inhuman act of savagery,” Mehbooba said in the statement.

She said the role and contribution rendered by Bukhari in the institutionalisation of the media here has become part of the journalistic history of the state.

“One would always see him raising issues of common cause concerning people. He would often fight for the issues of people through his columns and various discussions but alas this voice of people stands silenced today brutally,” Mehbooba said.

The chief minister visited the hospital where Bukhari was taken after the attack and paid her respects to the departed soul. She also conveyed her heartfelt sympathies with the bereaved family particularly his parents, wife and two kids.

The separatists have also condemned his killing terming it barbaric and unpardonable.

Bukhari will be laid to rest in his ancestral village in Kreeri in north Kashmir's Baramulla district today. His funeral prayers will be held at 11 am.

Bukhari is the fourth journalist to be killed by militants in the nearly three-decade-long violence in Kashmir. In 1991, the editor of 'Alsafa', Mohammed Shaban Vakil, was killed by militants of Hizbul Mujahideen.

Former BBC correspondent Yussuf Jameel escaped with injuries when a bomb exploded in his office in 1995, but ANI cameramen Mushtaq Ali lost his life in the incident.

Later, on January 31, 2003, Parvaz Mohammed Sultan, editor of NAFA, was shot dead by Hizbul Mujahideen at his Press Enclave office.

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News Network
March 9,2020

New Delhi, Mar 9: Petrol and diesel prices registered a drop across the country on Monday as global oil prices plummeted around 30 per cent after Saudi Arabia slashed prices and set plans for a dramatic increase in crude production in April.

In New Delhi, petrol price fell by 24 paise intra-day and stood at Rs 70.59 per litre. Diesel in the national capital was retailed at Rs 63.26 per litre on Monday as against Rs 63.51 on Sunday.

The retail price of petrol in Kolkata saw a drop of 23 paise to Rs 73.28 per litre. The diesel price fell by 25 paise in the eastern metropolitan city to retail at Rs 65.59 per litre.

In Mumbai, petrol price was Rs 76.29 per litre as against Rs 76.53 a day earlier. Diesel was retailed at Rs 66.24 per litre, 26 paise lower than on Sunday.

In Chennai, petrol was retailed at Rs 73.33 per litre, 25 paise lower than a day earlier. Diesel price saw a fall of 26 paise to retail at Rs 66.75 per litre in the southern metropolitan.

Global crude oil prices fell by as much as a third following Saudi Arabia's move to start a price war with Russia amid worries over the spread of coronavirus.

Brent crude futures were down 13.29 dollars or 29 per cent at 31.98 dollars a barrel by 04:33 hrs GMT after earlier dropping to 31.02 dollars, their lowest since February 12, 2016.

Brent futures were on track for their biggest daily decline since January 17, 1991 at the start of the first Gulf War.

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News Network
March 21,2020

Mar 21: India’s economy, already in the grip of a slowdown, is in for more pain after Prime Minister Narendra Modi appealed to citizens to stay at and work from home to curb the coronavirus outbreak.

The services sector, which accounts for about 55% of India’s gross domestic product, is poised to be the worst hit after Modi, in a late evening address on Thursday, urged citizens to go on a self-imposed curfew for a day and private companies to allow employees to work from home for longer. In the country’s vast informal sector, social-distancing measures could mean a dent to productivity and consumption because of job or pay losses.

“The impact of a partial lock-down or social distancing will be significant,” said Rahul Bajoria, a senior economist at Barclays Plc in Mumbai. “If there’s a widespread community outbreak, GDP could fall as low as 3.5% in the year starting April 1.”

Shrinking output may limit growth in an economy that’s already set to expand at an 11-year low of 5% in the current year to March 31. Before the virus outbreak, India had forecast growth to recover to 6%-6.5% in the next fiscal year. S&P Global Ratings and Fitch Ratings have already slashed their growth forecast by 50 basis points.

“The current social-distancing measures will severely impact airlines, hotels, malls, multiplexes, restaurants and retailers,” according to analysts at Crisil Ltd., the local unit of S&P Global. “Lower footfalls and occupancies, decline in business volume and sub-optimal operating efficiencies will impact cash flows of companies in these sectors,” wrote the analysts led by Chief Economist Dharmakirti Joshi.

The government will try to announce a relief package for virus-affected sectors as early as possible, Finance Minister Nirmala Sitharaman said Friday.

In a televised address, Modi advised all citizens to stay at home for a day on March 22, as he sought to stem the spread of the coronavirus -- cases of which are relatively low in India at about 200, compared with more than 200,000 infected people globally. His government also barred incoming flights for a week from that day, joining a growing list of countries effectively sealing their borders.

What Bloomberg’s Economists Say

We had only earlier this week lowered our GDP outlook to consider the direct impact of the local outbreak as confirmed virus cases exceeded 100 as of March 15 and the federal and state governments announced social distancing measures that have already started to crimp economic activity. We are now revising down our GDP estimate for 4Q fiscal 2020 to 3.3%, from our 3.5%.

-- Abhishek Gupta, India economist

For more, click here

“Consumption being the biggest component of GDP, a lock-down is bound to have a big impact on the economy,” said Devendra Kumar Pant, chief economist at India Ratings and Research, the local unit of Fitch. “Modeling uncertainty in any system will be very difficult, but one can say the slowdown could deepen or prolong further.”

Work From Home

While companies, including billionaire Mukesh Ambani-controlled Reliance Industries Ltd., are asking employees to work from home, the option isn’t feasible in India’s vast informal sector.

“The option to work remotely simply won’t exist for most,” said Shilan Shah, an economist with Capital Economics Pte. in Singapore.

As many households don’t have savings buffers, the government would probably have to back this up with large-scale cash handouts that reach the poorest, he said.

Work from home is posing implementation challenges for the manufacturing sector where workers are required to be physically present at the production sites. The services sector, such as banking and information technology, also needs employees to be present in offices as confidential data is used, according to industry group Federation of Indian Chambers of Commerce and Industry.

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News Network
February 21,2020

Washington, Feb 21: Days ahead of his India visit, US President Donald Trump on Thursday said the two countries could make a "tremendous" trade deal.

"We're going to India, and we may make a tremendous deal there," Trump said in his commencement address at the Hope for Prisoners Graduation Ceremony in Las Vegas.

Trump, accompanied by First Lady Melania Trump, is scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Ahead of the visit, there have been talks about India and the United States agreeing on a trade package as a precursor to a major trade deal.

During his commencement address, Trump indicated that the talks on this might slowdown if he did not get a good deal.

"Maybe we'll slow down. We'll do it after the election. I think that could happen too. So, we'll see what happens," he said.

"But we're only making deals if they're good deals because we're putting America first. Whether people like it or not, we're putting America first," Trump said.

Bilateral India-US trade in goods and services is about three per cent of the US' world trade.

In a recent report, the Congressional Research Service (CRS) said the trading relationship is more consequential for India -- in 2018 the United States was its second largest goods export market (16.0 per cent share) after the European Union (EU, 17.8 per cent), and third largest goods import supplier (6.3 per cent) after China (14.6 per cent) and the EU 28 (10.2 per cent).

"The Trump Administration takes issue with the US trade deficit with India, and has criticised India for a range of 'unfair' trading practices," the CRS said.

"Indian Prime Minister Modi's first term fell short of many observers' expectations, as India did not move forward with anticipated market opening reforms, and instead increased tariffs and trade restrictions," it said.

"Modi's strong electoral mandate may embolden the Indian government to press ahead with its reform agenda with greater vigour. Slowing economic growth in India raises concerns about its business environment," CRS said.

As per a fact sheet issued by the Council on Foreign Relations (CFR), trade in goods and services between the two countries from 1999 to 2018 surged from $16 billion to $142 billion.

India is now the United States' eighth-largest trading partner in goods and services and is among the world's largest economies.

India's trade with the United States now resembles, in terms of volume, the US' trade with South Korea ($167 billion in 2018) or France ($129 billion), said Alyssa Ayres from CFR.

"The United States for two years now has set out in stone pretty clearly the things that they wanted to see to try to get an agreement, and it's basically then on India's doorstep on whether they want to take those steps," Rick Rossow, Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies think-tank told reporters during a conference call.

"The list of US asks has been pretty static all throughout. Not to say that any of these things are easy for India to do, but the United States to my knowledge didn't change the goalposts just because we now consider India to be a middle-income country. The things that we wanted to see happen to get this trade agreement have been pretty static all throughout, no matter how difficult they are," he said in response to a question.

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