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
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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News Network
February 1,2020

New Delhi, Feb 1: India on Friday banned the export of personal protection equipment such as masks and clothing amid a global coronavirus outbreak.

It did not give a reason for the ban but it reported its first case of the new coronavirus on Thursday, a woman in Kerala who was a student of Wuhan University in China.

The central Chinese city of Wuhan is the epicentre of the outbreak, and the virus has since spread to more than 9,800 people globally and killed 213 people in China.

Several Indian citizens living in Wuhan will arrive in India by plane on Saturday and be taken to a quarantine centre on the outskirts of the capital New Delhi.

India, the world’s second most heavily populated country after China, has taken measures to ensure that all people arriving from China report to health authorities.

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News Network
May 11,2020

New Delhi, May 11: With an increase of 4,213 cases in the past 24 hours, India's COVID-19 count reached 67,152 on Monday, according to the Union Ministry of Health and Family Welfare.

The number of active cases in the country rose to 44,029, while 20,916 patients have been cured and discharged and one has migrated, according to the Ministry.

The number of deaths in the country due to the infection reached 2,206 on Sunday.

Maharashtra, with 22,171 confirmed cases is the worst-affected due to the infection so far and is followed by Gujarat with 8,194 cases.

However, Tamil Nadu surpassed the national capital in total coronavirus cases numbers. Delhi has 6,923 reported cases while Tamil Nadu has 7,204 confirmed cases.

Maximum deaths due to coronavirus have so far been recorded in Maharashtra (832), followed by Gujarat which has toll of 493.

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