Sri Lanka can be India's strongest economic partner: Modi

March 13, 2015

Colombo, March 13: Prime Minister Narendra Modi on Friday said Sri Lanka has the potential to be India's strongest economic partner and it will have the first claim on India in its economic development.Modi Sirisena

Addressing the Sri Lankan parliament, Modi said: "My vision of an ideal neighbourhood is one in which trade, investment and technology flow easily across the border, where partnerships are formed with ease of routine."

India, Modi pointed out, was one the fastest growing major economies.

He said neighbours should have the first claim on India.

"I will be happy if India serves as a catalyst in the progress of our neighbours." He quickly added to loud thumping of desks by the MPs: "First claim (among) neighbours will be Sri Lanka."

Modi said Sri Lanka had the potential to be the strongest economic partner of India and assured that New Delhi would work to address various concerns to boost trade and make it more balanced.

He spoke of harnessing the potential of the Indian Ocean and increasing cooperation in South Asia and boosting connectivity.

He promised India's commitment to development partnership with Sri Lanka.

"We see it as the responsibility of a friend and a neighbour," he said, and added that India had committed $1.6 billion to Sri Lanka and today had committed $318 million to the railway sector.

In a tacit reference to devolving more powers to Tamil-majority Northern province, Modi said all countries in South Asia have to deal with the "issues of identities and inclusion, of rights and claims, of dignity and opportunity for different sections of our societies".

He said such issues have sometimes had tragic consequences in brutal terrorism and violence. But there have also been successful examples of peaceful settlements.

"Each of us has sought to address these complex issues in our own ways. However, we choose to reconcile them.

"To me something is obvious: Diversity can be a source of strength for nations," he said.

The Indian leader said a country became stronger when the aspirations of all its sections were accommodated.

"And when we empower states, districts and villages, we make our country stronger. You can call this my bias," he said, and added that he was a firm believer in cooperative federalism.

He said Sri Lanka had successfully defeated terrorism and brought the conflict to an end.

"You now stand at a moment of historic opportunity to win the hearts and heal the wounds across all sections of society," he said.

He referred to the Sri Lankan presidential election of January which led to the defeat of long-time president Mahinda Rajapaksa and catapulted Maithripala Sirisena to power.

The Sri Lankan elections were a reflection of the "collective voice of the nation - the hope for change, reconciliation and unity", he said.

"I am confident of a future of Sri Lanka, defined by unity and integrity; peace and harmony; and opportunity and dignity for everyone.

"I believe in Sri Lanka's ability to achieve it. It is rooted in our common civilizational heritage. The path ahead is a choice that Sri Lanka has to make.

"It is a collective responsibility of all sections of the society; and, of all political streams in the country. But I can assure you this: For India, the unity and integrity of Sri Lanka are paramount," he said.

Modi pushed for an ambitious Comprehensive Economic Partnership Agreement and said India can be a natural source of investment.

He said both can work together to harness the vast potential of the Ocean Economy and take the lead in increasing cooperation in South Asia.

"The security of our two countries is indivisible. Equally, our shared responsibility for our maritime neighbourhood is clear.

"India and Sri Lanka are too close to look away from each other. Nor can we be insulated from one another," he said.

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News Network
January 29,2020

New Delhi, Jan 29: The Supreme Court on Wednesday dismissed the plea by Mukesh Kumar Singh, one of the four death row convicts in the Nirbhaya gang rape and murder case, challenging the rejection of his mercy petition by the President.

A three-judge bench headed by Justice R Banumathi said that expeditious disposal of mercy plea by the President doesn't mean non-application of mind by him.

The court also said that alleged sufferings in prison can't be grounds to challenge the rejection of mercy petition.

The bench said all relevant material including judgments pronounced by trial court, high court and Supreme Court were placed before the President when he was considering the mercy plea of the convict.

The bench also comprising justices Ashok Bhushan and A S Bopanna rejected the contentions of the counsel appearing for Singh that entire materials of the case were not placed before the President when he was considering his mercy plea.

The bench, while referring to two files placed before it by the Centre on Tuesday, said that as per the January 15 covering letter which was sent by the Delhi government to the Ministry of Home Affairs, all relevant documents were sent.

The bench noted that detailed judgements of trial court, high court and the Supreme Court, curative petition filed by Singh, his past criminal history and his family background were sent to the Home Ministry by the Delhi government.

"All the documents were taken into consideration by the President while rejecting the mercy petition," the bench said.

The bench also dealt with submissions advanced by the convict's counsel, who had argued that the mercy plea was rejected at "lightning speed".

The bench said that if a mercy petition is expeditiously dealt with, it cannot be assumed that it has been adjudicated upon in a pre-conceived mind.

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News Network
February 11,2020

New Delhi, Feb 11: Celebrations broke out at the AAP headquarters here as early vote-counting trends for the Delhi Assembly polls on Tuesday showed a comfortable victory for the Chief Minister Arvind Kejriwal-led party.

The headquarters were decorated with blue and white balloons and big cut-outs of Kejriwal were placed in different parts of the party office.

"We knew it. We have changed the politics of this country. Now it is Delhi, next is India," said Sanjeev Singh, a party volunteer from Hari Nagar.

Another volunteer Fareen Khan said, "We hope we get such a clear majority that a message goes out that doing Hindu-Muslim politics will not work anymore."

The Aam Aadmi Party (AAP) is leading in 26 seats while the BJP is leading in 14 seats, according to early trends by the Election Commission.

According to the EC's website, AAP convenor Kejriwal is leading in his New Delhi constituency.

Kejriwal reached the party office as the counting of votes got underway.

Counting centres are spread across 21 locations, spanning 70 constituencies.

Polling for the 70-member Delhi Assembly was held on Saturday.

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Agencies
June 14,2020

New Delhi, Jun 14: Petrol price on Sunday was hiked by a record 62 paise per litre and that of diesel by 64 paise as oil companies for the eighth day in a row adjusted retail rates in line with cost since ending an 82-day hiatus in rate revision.

Petrol price in Delhi was hiked to Rs 75.78 per litre from Rs 75.16 while diesel rates were increased to Rs 74.03 a litre from Rs 73.39, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

The 62 paise a litre increase in petrol and 64 paise hike in diesel price is the highest surge in rates since the daily price revision was started in June 2017.

This is the eighth daily increase in rates in a row since oil companies on June 7 restarted revising prices in line with costs, after ending an 82-day hiatus.

In eight hikes, petrol price has gone up by Rs 4.52 per litre and diesel by Rs 4.64 -- a record increase in rates in any eight days since the daily price revision was introduced.

The freeze in rates was imposed in mid-March soon after the government hiked excise duty on petrol and diesel to shore up additional finances.

Oil PSUs Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL), instead of passing on the excise duty hikes to customers, adjusted them against the fall in the retail rates that was warranted because of international oil prices falling to two-decade lows.

The government had first raised excise duty on petrol and diesel by Rs 3 per litre each on March 14 and then again on May 5 by a record Rs 10 per litre in case of petrol and Rs 13 on diesel. The two hikes gave the government Rs 2 lakh crore in additional tax revenues.

State-owned fuel retailers IOC, BPCL and HPCL had frozen petrol and diesel prices since March 16, as if anticipating the government move and set off gains they accrued from continuing drop in international oil prices against the excise duty hike.

They, however, promptly passed the increase in local sales tax or VAT by state governments such as Rs 1.67 increase in VAT on petrol and Rs 7.10 in diesel by the Delhi government on May 4.

The total incidence of excise duty on petrol has risen to Rs 32.98 per litre and that on diesel to Rs 31.83. The excise tax on petrol was Rs 9.48 per litre when the Narendra Modi government took office in 2014 and that on diesel was Rs 3.56 a litre.

The government had between November 2014 and January 2016 raised excise duty on petrol and diesel on nine occasions to take away gains arising from plummeting global oil prices.

In all, duty on petrol rate was hiked by Rs 11.77 per litre and that on diesel by 13.47 a litre in those 15 months that helped government's excise mop up more than double to Rs 2,42,000 crore in 2016-17 from Rs 99,000 crore in 2014-15.

It cut excise duty by Rs 2 in October 2017 and by Rs 1.50 a year later. But it raised excise duty by Rs 2 per litre in July 2019.

It again raised excise duty on March 14 by Rs 3 per litre.

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