Stop state-sponsored terrorism, India and UAE tell the world

February 13, 2016

New Delhi, Feb 13: India and the UAE have strongly condemned state sponsors of terrorism and use of terrorism as a state policy, according to a joint issued on Friday, the concluding day of the three-day visit to India of Crown Prince of Abu Dhabi and Deputy Commander of the USE Armed Force Sheikh Mohamed bin Zayed Al Nahyan.

UAE copy

The statement said that both Prime Minister Narendra Modi and Sheikh Mohamed “strongly condemned extremism and terrorism in all of their forms and manifestations, irrespective of who the perpetrators are and of their motivations”.

“They reiterated that any justification for terrorism and any link between extremism or terrorism and religion should be strongly rejected by the international community,” it stated.

“They reiterated their condemnation for efforts, including by states, to use religion to justify, support and sponsor terrorism against other countries, or to use terrorism as instrument of state policy.”

The statement also deplored efforts by countries to give religious and sectarian colour to political issues and pointed out the responsibility of all states to control the activities of the so-called “non-state actors”, and to cut all support to terrorists operating and perpetrating terrorism from their territories against other states.

“The two sides deplored the use of double standards in addressing the menace of international terrorism and agreed to strengthen cooperation in combating terrorism both at the bilateral level and within the multilateral system,” it stated.

“In the context of the growing phenomenon of religious intolerance and radicalisation being witnessed worldwide, the two leaders commended each other on their efforts to build pluralistic societies based on universal values of humanity and peaceful co-existence among different faiths and communities.”

On the business and economic front, the Gulf nation expressed its interest in investing in infrastructure development in India, especially in priority areas such as railways, roads, ports, and shipping.

During the visit of Modi to the UAE in August last year, the first by an Indian prime minister in 34 years, the Gulf nation committed $75 billion in investments in India’s infrastructure sector.

In Friday’s statement, the two leaders welcomed the signing of a framework memorandum of understanding (MoU) between which would serve to facilitate and expand the participation of UAE investors in infrastructure projects in India.

“The two sides described these developments as important steps towards reaching the USD 75 billion target for UAE investments in India’s infrastructure development plans,” it said.

India also thanked the UAE for showing interest in the proposal for establishing a semiconductor fabrication facility in India.

“The two sides agreed to further business-to-business cooperation in information technology (IT), information technology-enabled services (ITeS), and electronics system design and manufacturing (ESDM),” the statement said.

Both countries also agreed to enhance cooperation in space science and space technology and to explore a long-term plan to identify cooperation projects in areas of mutual interest.

With energy being the central pillar of the economic relationship between the two countries, the Modi and Sheikh Mohamed expressed satisfaction at their growing bilateral trade in the energy sector.

“They welcomed the intention of the Abu Dhabi National Oil Company (Adnoc) and the Indian Strategic Petroleum Reserves Ltd. (ISPRL) to sign a memorandum of understanding on the establishment of a strategic petroleum eeserve in India, and agreed to conclude negotiations in the near future,” the statement said.

“The two sides looked forward to increased cooperation in the crude oil sector, including through training, and human resources development. The Indian side conveyed the keen interest of Indian oil companies in forming joint ventures with and offering equity participation to UAE companies, as well as in seeking participation in prospective exploration rounds in the UAE and in opportunities for joint exploration in third countries.”

On climate change, the two leaders noted that the development of sustainable sources of energy was a shared strategic priority.

In the area of defence cooperation, the two sides renewed their commitment to strengthening the existing cooperation in training, and joint exercises as well as identifying opportunities to cooperate on the production of defence equipment in India.

“The two leaders agreed to enhance cooperation to strengthen maritime security in the Gulf and the Indian Ocean region, which is vital for the security and prosperity of both countries,” the statement said.

The Abu Dhabi also appreciated the role and contribution that the Indian community has made to the UAE’s development, noting that Indian citizens in the UAE were highly respected for their peaceful and hard-working ethics.

There are around 2.6 million expatriate Indians in the UAE, around 60 percent of whom are blue collar workers.

Comments

awadh kham mohammed
 - 
Saturday, 13 Feb 2016

US asks Pak to stop state sponsored terrorism. But sells it latest fighter-planes. It just means: You can beat your donkey & feed it too

kumaraswamy aikal
 - 
Saturday, 13 Feb 2016

India welcomes Pak's pledge to fight militants, but does not believe state sponsored Terrorism via Taliban will stop

wahid baig
 - 
Saturday, 13 Feb 2016

If u want to defeat terrorism fight state sponsored first . Stop arming .identify terror groups & expose warmongers .make peace strategic option

manish machado
 - 
Saturday, 13 Feb 2016

Indians are already a victims of similar attack bcoz of state sponsored terrorism by Pakistan, cowardly act must stop, saddening

mehafuz
 - 
Saturday, 13 Feb 2016

You have to stop state sponsored terrorism before any peace is viable-you have to get off your backside & fight for it.

mehafuz
 - 
Saturday, 13 Feb 2016

India stop state sponsored terrorism in Nepal.

karan johar
 - 
Saturday, 13 Feb 2016

won't stop until state sponsored terrorism stops which won't happen anytime soon.

shaid kahan
 - 
Saturday, 13 Feb 2016

All countries of the world must oppose the terrorism in one voice.It is time to stop state sponsored all types of terrorism too
0 retweets 0 likes

shainy shah
 - 
Saturday, 13 Feb 2016

we must demand that our government stop the state sponsored terrorism in order to achieve political goals

shainy shah
 - 
Saturday, 13 Feb 2016

No one who ever cites the UN resolution ever calls for one to stop state sponsored terrorism, which begs the question who started what & when

ayesha
 - 
Saturday, 13 Feb 2016

how is that feasible to stop when terrorism is state sponsored option & actors have been getting away with it 4 decades

mohammed bin t…
 - 
Saturday, 13 Feb 2016

First stop state-sponsored #terrorism and human rights abuses in SaudiArabia

Mohammed shah
 - 
Saturday, 13 Feb 2016

Let's seriously STOP funding State-Sponsored Terrorism Israel lobbies to cut ICC funding

jeevan
 - 
Saturday, 13 Feb 2016

Stop state sponsored terrorism & corruption. Live and let live.

prakash
 - 
Saturday, 13 Feb 2016

Remember that: For the first time a country asked India to stop state sponsored terrorism. Bangladesh pointed out at WB Gov.

Divya
 - 
Saturday, 13 Feb 2016

U.S must stop repeating this rotten statement n pressurize Pakistan to end state sponsored cross border terrorism

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News Network
August 6,2020

New Delhi Aug 6: In a new twist in the Vijay Mallya case, a certain document connected with the case in the Supreme Court has gone missing from the apex court files. 

A bench comprising Justices U.U. Lalit and Ashok Bhushan adjourned the hearing to August 20.

It was hearing the review plea filed by Mallya against a July 14, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9,000 crore dues to banks despite repeated directions, although he had transferred $40 million to his children.

The bench was looking for a reply on an intervention application, which it seemed has gone missing from the case papers.Parties involved in the case sought more time to file fresh copies.

On June 19, the Supreme Court sought explanation from its registry regarding Mallya's appeal against the May 2017 conviction in the contempt case for not repaying Rs 9,000 crore dues to banks not listed for the last 3 years.

A bench comprising Justices Lalit and Bhushan had asked the Registry to furnish all the details including names of the officials who had dealt with the file concerning the Review Petition for last three years.

The bench said according to the record, placed before it, the review petition was not listed before the court for last three years. "Before we deal with the submissions raised in the Review Petition, we direct the Registry to explain why the Review Petition was not listed before the concerned Court for last three years," said the bench.In May 2017, the apex court held him guilty of contempt of court for transferring $40 million to his children, and ordered him to appear on July 10 to argue on the quantum of punishment.

The bench said let the explanation be furnished within two weeks. "The Review Petition shall, thereafter, be considered on merits," it added.In 2017, the apex court passed the order on a contempt petition against Mallya by a consortium of banks led by the SBI. 

The banks claimed Mallya transferred $40 million from Daigeo to his children's accounts, and did not use this money to clear his debt. Banks cited this as violation of judicial orders.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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News Network
June 5,2020

New Delhi, Jun 5: India registered its highest spike in COVID-19 cases with 9,851 more cases and 273 deaths reported in the last 24 hours. The total number of cases in India reached 2,26,770 including 1,10,960 active cases, said the Union Ministry of Health and Family Welfare.

The Ministry informed that 1,09,462 persons have been cured/discharged/migrated while 6,348 people have succumbed to the disease so far.

Maharashtra has so far reported 77,793 cases, more than any other state in the country, while the total number of active cases in the state stands at 41,402.

In Tamil Nadu, 27,256 cases have been detected so far while Delhi has reported 25,004 coronavirus cases.

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