Rouhani lauds India's diversity, peaceful co-existence of religions

Agencies
February 16, 2018

Hyderabad, Feb 16: Iranian president Hassan Rouhani on Thursday lauded India's cultural diversity, saying multiple faiths and schools of thought co-exist peacefully in the country.

Speaking at a meeting with Muslim intellectuals, scholars and clerics in Hyderabad on Thursday night, Rouhani, who arrived in Hyderabad on a three-day India visit, said Islam is not a religion of violence, but one of moderation.

"Iran wants unity, independence and support for the East. Iran wants fraternity with India. We do not want to have any differences with other countries as well," said Rouhani who is on his first India visit since assuming charge as president in 2013.

The Iranian president lauded India's culture and traditions, and said the country was a "living museum" of religions and schools of thought.

"We see a lot of temples, other places of worship, and they are living in peace. They are having peaceful co-existence," he said.

Muslims, non-Muslims, Hindus, Sikhs are coexisting in peace in India, he said.

However, the West has created fissures between nations, he said.

"The enemies of Islam want to represent Islam as a religion of violence. Islam is not a religion of violence. Islam is a religion of moderation, Islam is a religion of kindness," he said.

Iran believes that there is no military solution to problems which are diplomatic in nature, Rouhani said.

"When a war is imposed, people have no other option but to defend themselves, and those who defend are the true companions and true followers of the almighty God," he said.

"The Western world oppressed and exploited the Eastern world and its resources" and caused tensions and differences to arise between oriental countries, he said.

"When we Muslims (in the past centuries) possessed universities and technologies, and others did not possess (them), we...transferred our teachings and science to them."

"However, when they (West) reached the (same level of progress), they did not (give) the same treatment. They did not provide us with technology fairly and justly," he said.

Calling for unity among Muslims, Rouhani said his country wants to clear the "hurdles" faced by the people of war-torn countries such as Afghanistan, Syria, Iraq and Yemen are facing.

"We want to clear the hurdles for the people of Afghanistan, Syria, Iraq, Yemen. The solution is unity and brotherhood in joint effort," he said.

Despite tight security, Rouhani allowed some of those present to click selfies with him after the speech.

Iran Foreign Minister Mohammed Javad Zarif also spoke at the event.

The Iranian president is scheduled to visit the famous Mecca Masjid in Hyderabad and offer prayers on Friday. Later, he would be leaving for New Delhi.

Earlier, he arrived in Hyderabad on a special flight from Tehran and was received by Union Minister of State for Power RK Singh and Telangana and Andhra Pradesh Governor ESL Narasimhan along with senior officials of Telanaga government.

Comments

Rashid
 - 
Friday, 16 Feb 2018

It is well known fact , by western interference into Iraq,syria, Afghanistan , Iran is benefitted more than any country , Iranian influence either directly or indirectly involved on sectarian voilence in these countries , utilized yeman also to target KSA ... I don't think Iran is serious to solve problems of these regions...

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
February 11,2020

New Delhi, Feb 11: AAP leader Sanjay Singh on Tuesday said his party will register a "massive win" in the high-stakes Delhi Assembly election, counting for which began amid tight security at various centres set up to carry out the exercise.

Initial trends suggested the ruling Aam Aadmi Party marching ahead, but the Bharatiya Janata Party leaders maintained that their party would win.

The counting began at 8 am and will be held in multiple rounds, Delhi Chief Electoral Officer Ranbir Singh said.

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Agencies
January 21,2020

New Delhi, Jan 21: With the IMF lowering India's economic growth estimate for the current fiscal to 4.8 per cent, senior Congress leader P Chidambaram on Tuesday claimed an attack on the world body and its chief economist Gita Gopinath by government ministers was imminent.

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.

Listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like positive impact of corporate tax rate reduction.

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