Terrorism one of the foremost threats to global peace, says Sushma

Agencies
April 5, 2018

Baku, Apr 5: Terrorism is one of the foremost threats to international peace and security as it maims and kills "our citizens", and undermines the ability to attain development goals, External Affairs Minister Sushma Swaraj said on Thursday.

Addressing the 18th mid-term ministerial meeting of the Non-Aligned Movement (NAM) here, Sushma also pushed for reforms of the United Nations Security Council.

She said that no effort to reform the UN will be complete without reforms of the United Nations Security Council.

India had been strongly pushing for completing the long-pending reforms of the powerful Security Council.

Sushma said that terrorism is one of the foremost threats to international peace and security.

"It maims and kills our citizens and undermines our ability to attain our development goals.

"Unfortunately, the talks about combating terrorism have not been matched by our actions. The strengthening and implementation, without double standards of existing international laws and mechanisms to fight the menace of terrorism is an imperative," the minister said.

The meeting was chaired by Jorge Arreaza, Foreign Minister of the Bolivarian Republic of Venezuela.

In 1996, India proposed a Comprehensive Convention on International Terrorism (CCIT) as a way to strengthen the existing legal framework. Yet after more than two decades, discussions have made little progress even while terrorists continue to operate with greater impunity and inhumanity, the minister said.

"As a first step, let us renew our commitment to finalise the CCIT. NAM countries must galvanise the international community towards this goal," Sushma said.

At the last UN General Assembly High Level segment, a strong desire was voiced by the international community for change and reforms at the United Nations, she said.

"To date, the Inter-Governmental Negotiation process, has been carefully nurtured into a credible collective process for negotiation on this important subject.

"The time has come to move to the next phase and commence text-based negotiations a demand made by an overwhelming majority of UN members including most NAM members," she said.

"India's support to the Palestinian cause has been a reference point of our foreign policy. At this juncture, this would be a good way for NAM to manifest its solidarity with the Palestinian people," Sushma said.

At the recent meeting in Rome to deal with the financial crisis faced by the United Nations Relief and Works Agency (UNRWA), India decided to increase its contribution to the UNRWA budget from $1 million to $ 5 million, on a multiple year basis, in view of the dire financial crisis that this body now faces.

"The challenges we face today such as nuclear escalation, armed conflict, refugee flows, terrorism, poverty and worsening environmental degradation all require more effective multilateralism. The fundamental values and principles on which the Non Aligned Movement is based are, therefore, even more relevant today.

"In 2015, we adopted the Sustainable Development Goals (SDGs) to find solutions of the developmental challenges we face. We also promised that no one will be left behind. Genuine global partnerships have to be forged if the SDGs are to be achieved. Financing for Development is, therefore, of utmost importance to NAM countries," Sushma said.

Protecting the environment of the planet is a moral responsibility. Global action on the basis of the principle of common but differentiated responsibilities and respective capabilities is now an even greater imperative, she said.

India along with France launched the International Solar Alliance through which more than 60 countries have joined to promote greater use of solar energy, she said.

"Finding energy sources that are cost-effective, environmentally sustainable will be vital for achieving our SDGs, while ensuring that we protect mother Earth for future generations," Sushma said.

NAM has been a votary of universal, non-discriminatory and verifiable nuclear disarmament and of pursuit of that goal through multilateralism.

India remains committed to the shared goal of the global elimination of nuclear weapons, Sushma added.

Comments

Abdullah
 - 
Thursday, 5 Apr 2018

Modi & RSS Terrprists are the Threat to Indian peace.

Wellwisher
 - 
Thursday, 5 Apr 2018

Mr.Sushma you are correct,  Please  brief your opinion and knowledge about terroris.

1. What is th meaning of terrorism

2. To whom you will call a terrorist

3. What to call the groups, which always ignite communal clash and attacke one inncoents

Hope you will give a respectful  explanation.

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News Network
March 18,2020

Washington, Mar 18: Hundreds of distressed Indian students, stuck in the Philippines, are seeking help through video messages as they are unable to fly back home due to the travel restrictions imposed by India to contain the spread of the deadly novel coronavirus, according to friends and relatives of some of these students in the US.

The Indian government on Tuesday banned the entry of passengers from Afghanistan, Philippines and Malaysia to India with immediate effect amid stepped up efforts against the spread of COVID-19.

In a video message by one of these students Akhil Bala Nair, around 200 Indian students had booked their flight tickets for India in the next few days. But all of them have been cancelled due to the new policy.

Most of the students, she said, had booked their flights for March 17 and rest were schedule to travel to India on March 19 and 20. But the flights were cancelled and scores of Indian students are now stuck at the airport in Manila, Nair said in the video message sent to Prem Bhandari, head of the Jaipur Foot USA.

“It is need of the hour that the Indian government send a plane to bring these Indian students back home,” Bhandari, who in the past has worked for the cause of the Indian diaspora, and who was approached by these students told PTI.

According to these students, some 100 of them have been at the airport since Tuesday.

They all have confirmed tickets but the airport authorities are not allowing them to check in because of the new travel regulations.

While the airport authorities have asked them to go back to their respective place of residence, the students said they were unable to travel because of the absence of local taxi or shared ride services.

The students said that they are running out of time as the Philippines government has given them 72 hours time to exit the country, which started from March 16, after which the country will go into lockdown.

“This means we would not be able to travel anywhere outside Philippines after March 20,” Nair said in her message.

The students said that there are many of them who have applied for renewal of their visas and are unable to travel to India.

There are nearly 1,000 Indian students presently in Manila who are willing to travel back home, they said.

Meanwhile, the Indian Embassy in Manila, in a tweet, said that they, along with the Ministry of External Affairs, are trying to work out a solution.

“It is requested to all to kindly have patience,” the embassy said.

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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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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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