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 5,2020

New Delhi, May 5: India registered the biggest jump in numbers of COVID-19 cases and deaths, with 3,900 new cases and 195 deaths being reported in the last 24 hours, according to the Ministry of Health and Family Welfare on Tuesday.

"3,900 COVID-19 cases and 195 deaths have been reported in the last 24 hours, the largest spike till now in both," according to the Ministry of Health and Family Welfare.

The total number of confirmed coronavirus cases in India reached 46,433, including 1,568 deaths, according to the Union Ministry of Health and Family Welfare on Tuesday.

According to the latest update by the MoHFW, 12,727 patients in the country have been cured and discharged, or have migrated, as of today morning. At present, there are 32,138 active cases in the country.

Maharashtra with 14,541 cases is the worst-affected state by the disease, while Gujarat with 5,804 cases is second on the list.

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News Network
April 21,2020

New Delhi, Apr 21: The historic rout in oil markets that sent US crude prices plummeting to as much as minus USD 40 a barrel is unlikely to translate into any big reduction in petrol and diesel prices in India as domestic pricing is based on different benchmark, and refineries are already filled up to brim and cannot buy US crude just yet.

With storage capacity already overflowing amid coronavirus-induced demand collapse, traders rushed to to get rid of unwanted stocks triggering the collapse of US West Texas Intermediate (WTI) crude for May delivery.

Indian Oil Corp (IOC) Chairman Sanjiv Singh said the collapse was triggered by traders unable to take deliveries of crude they had previously booked because of a demand collapse. And so they paid the seller to keep oil in their storage.

"If you look at June futures, it is trading in positive territory... around USD 20 per barrel," he said.

Low oil prices may seem good in short-term but in the long run it will hurt the oil economy as producers will have no surplus to invest in exploration and production which will lead to a drop in production, he said.

He did not comment on retail fuel prices that have been static since March 16.

Oil companies have not changed rates despite a fall in international prices as they first adjusted them against the increase that was warranted from a Rs 3 per litre hike in excise duty and close to Re 1 per litre additional cost of switching over to cleaner BS-VI grade fuel from April 1.

Petrol in Delhi is priced at Rs 69.59 a litre and diesel comes for Rs 62.29 per litre.

"The negative price has no direct impact on India or Indian oil prices, as this has taken place due to crude oil produced and traded within the US. India's prices are driven partly by another benchmark, the Brent, which is still trading at USD 25/barrel. Therefore, the retail price of fuels in India are unlikely to fall," said Amit Bhandari, Fellow, Energy and Environment Studies, Gateway House.

Also, Indian refineries are already overflowing as fuel demand has evaporated due to the unprecedented nationwide lockdown imposed to curb spread of COVID-19. So, they can't rush to buy US crude.

The refineries have already cut operating rate to half because the fuel they produce has not been sold yet.

India imports 4 million barrels/day (1.4 billion barrels/year) of oil. The country has been benefitting from the falling prices of oil for the last five years, when oil dropped from a peak of USD 110/barrel to USD 50-60/barrel last year, enabling India to invest in public service programmes.

"However, the additional USD 30 fall of this week is good for India - but there is also a downside. If oil prices are too low, the economies of oil-rich gulf countries will be hurt, threatening the job prospects of the 8 million Indians working in the Gulf countries. India is the largest recipient of foreign remittances due to these workers – very low oil prices will hurt this cash stream," Bhandari said.

He said the negative price of oil shows how much oil oversupply exists in international markets today. "Global oil consumption has fallen due to the COVID-19 pandemic that traders are willing to pay customers to get rid of the barrels they can't store. The world does not have enough storage capacity, and dumping the oil is an environmental crime."

The first half of April saw Brent crude oil prices plummet 63.6 per cent to USD 26.9 per barrel. Prices of Western Texas Intermediate (WTI), the American oil, had also fallen similarly by 63.1 per cent.

But on April 20, WTI prices turned rapidly negative because traders on the Nymex exchange rushed to offload their May futures positions a day before expiry of contracts (on April 21).

Such WTI futures are traded on the Nymex exchange with contracts settled in physical crude oil. Problem is, those who had gone long are unable to find storage facilities for the oil and had to liquidate their contracts before expiry. This caused the plunge in WTI prices.

Contrast to this, June WTI Nymex futures prices is hovering around USD 21, while Brent for June delivery is at USD 25.

Miren Lodha, Director, CRISIL Research said the demand for crude oil was declining already because of economic slowdown when the COVID-19 pandemic-driven lockdowns crushed it further.

Consequently, oil demand is expected to contract by 8-10 million barrels per day (mbpd) in 2020 assuming demand recovery begins from the third quarter of the year, he said, adding if recovery doesn't happen by then, further demand destruction could occur.

On the supply side, producers reining in output following a strategic deal between OPEC members, Russia and the US.

Under this agreement, OPEC+ would reduce oil production by 9.7 mbpd for May and June, but gradually ease the curb to 7.7 mbpd between July and December 2020, and to 5.8 mbpd till April 2022 to stabilise prices.

"This is expected to reduce some surplus in the market by the end of 2020," Lodha said.

Crude oil demand is expected to decline by over 20 mbpd in April alone. Typically, monthly global demand is about 100 mbpd. Given this scenario, supply curbs would have limited influence.

Consequently, Brent oil prices is expected to be in the USD 25-30 range for the second quarter while increasing marginally in the last 2 quarters of 2020.

"The gigantic inventory build-ups and lack of storage facilities would also put pressure on prices," he said, adding overall Brent could average USD 30-35 in 2020, with a strong downward bias.

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News Network
March 10,2020

Thiruvananthapuram, Mar 10: Senior Congress leader Shashi Tharoor on monday thanked PM Narendra Modi  for extending birthday wishes to him in malayalam.

"Thank you, Prime Minister Narendra Modi, for this elaborate birthday greeting in shudh sahitya Malayalam! Am touched by your thoughtfulness," Tharoor tweeted with a picture of the letter from Modi.

In another tweet, the Congress MP also posted its translation, that reads,

Tharoor, who is an MP from Thiruvananthapuram, turned 64 on march 9.

Comments

SmR
 - 
Tuesday, 10 Mar 2020

Is he next Scindia waiting to board the BJP ship?

 

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