Tharoor seeks apology from UK for atrocities during colonial rule

November 5, 2016

New Delhi, Nov 5: An atonement or an apology by the British Prime Minister or the Queen will "wash away a lot" of the atrocities committed by Britain on India during its colonial rule, Congress leader Shashi Tharoor today said.

tharror"I would prefer instead an active atonement. An apology would go a long way. I am not expecting it today, tomorrow or anytime soon and certainly not during the visit of the new (Britain) Prime Minister (Theresa May)," Tharoor said, referring to May's visit to India next week.

He said an immediate step towards it would be to teach the realities of colonialism to British school children.

The Lok Sabha MP from Thiruvananthapuram was speaking at a book launch 'An Era of Darkness: The British Empire in India', which was launched by Vice President Hamid Ansari here.

Tharoor said, in the past German Chancellor and leader of the Social Democratic Party Willy Brandt visited the Warsaw ghetto and apologised to the Jews for the acts of the Nazis.

He also referred to Canadian Prime Minister Justin Trudeau, who in May this year, apologised for the Komagata Maru, a Japanese steamship, that arrived in Vancouver after leaving Hong Kong in early April. On board were 376 passengers, most of whom were Sikh migrants from what was then British India. The ship was not allowed to dock.

"It shows how required it is for a British leader of some significance either a Queen or the PM to simply say sorry. It will wash away a lot. You can't count value the loss of lives during the famine, of the massacres, the rapes, the loot that took place.

"Another thing that could happen would be if the British can make up by teaching their young generation about what happened in the past. After all the beauties of London were built from the resources extracted from the Common Wealth," the Congress leader said.

Speaking about the colonial legacy in Indian laws related to aspects like Freedom of Press and a one-day ban on a leading Hindi channel 'NTDV India', Tharoor said he was not happy about the "unusual punishment" meted out to the channel for its reporting of Pathankot terror attack.

He said all these are "troubling issues for the Indian democracy". Tharoor also hit out at the government for not repealing Section 377 of the Indian Penal Code. He had introduced a legislation in Lok Sabha, seeking repealing of the section.

"I find it somewhat ironic that a party of Hindutva, actually claiming to speak for a religion that has 2000 years of recorded tolerance for various kinds of sexual practises...

A religion where there is no recorded instances of persecution or prosecution of such practices, but people speaking for such a party have instead abandoned the option of being true to their own cultural traditions and instead accepted and embraced a Victorian moral code written by T B Macaulay in 1837, enacted in 1861 and abandoned by the British in late 1960s," he said.

Ansari said economic deprivation was one aspect of the colonial rule, but more serious was its impact on the minds of the subjugated and on the totality of their existence.

"The encroachment by the East India Company was piecemeal, and resentment or resistance was per force local. "It often took the shape of peasant uprisings motivated by economic deprivation of severe character often inflicted through physical brutality or ethnic prosecution. It was at times led by local landlords.

"Some of these conflicts involved large numbers but organized military confrontations, of the type with Tipu Sultan of Mysore, were the exception. Nevertheless, these popular resistance movements continued for almost a century," the Vice-President said.

Comments

Hyda
 - 
Saturday, 5 Nov 2016

Tharoor hurts feeling of some who hate Bhagat Singh, Tippu Sultan and other Freedom fighters of India since they fought against forefathers of \Some\"."

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 4,2020

New Delhi, May 4: The country's manufacturing sector activity witnessed unprecedented contraction in April amid national lockdown restrictions, following which new business orders collapsed at a record pace and firms sharply reduced their staff numbers, a monthly survey said on Monday.

The headline seasonally adjusted IHS Markit India Manufacturing Purchasing Managers' Index (PMI) fell to 27.4 in April, from 51.8 in March, reflecting the sharpest deterioration in business conditions across the sector since data collection began over 15 years ago.
The index slipped into contraction mode, after remaining in the growth territory for 32 consecutive months.

In PMI parlance, a print above 50 means expansion, while a score below that denotes contraction.

Amid widespread business closures, demand conditions were severely hampered in April. New orders fell for the first time in two-and-a-half years and at the sharpest rate in the survey's history, far outpacing that seen during the global financial crisis, the survey said.

"After making it through March relatively unscathed, the Indian manufacturing sector felt the full force of the coronavirus pandemic in April," said Eliot Kerr, Economist at IHS Markit.
Panellists attributed lower production to temporary factory closures that were triggered by restrictive measures to limit the spread of COVID-19.

Export orders also witnessed a sharp decline. Following the first reduction since October 2017 during March, foreign sales fell at a quicker rate in April. "In fact, the rate of decline accelerated to the fastest since the series began over 15 years ago," the survey said.

On the employment front, deteriorating demand conditions saw manufacturers drastically cut back staff numbers in April. The reduction in employment was the quickest in the survey's history.

"In the latest survey period, record contractions in output, new orders and employment pointed to a severe deterioration in demand conditions.
“Meanwhile, there was evidence of unprecedented supply-side disruption, with input delivery times lengthening to the greatest extent since data collection began in March 2005," Kerr said.

On the prices front, both input costs and output prices were lowered markedly as suppliers and manufacturers themselves offered discounts in an attempt to secure orders.

Going ahead, sentiment regarding the 12-month outlook for production ticked up from March's recent low on hopes that demand will rebound once the COVID-19 threat has diminished and lockdown restrictions eased.

"There was a hint of positivity when looking at firms' 12-month outlooks, with sentiment towards future activity rebounding from March's record low. That said, the degree of optimism remained well below the historical average," Kerr said.

In India, the death toll due to COVID-19 rose to 1,373 and the number of cases climbed to 42,533 as on Monday, according to the health ministry.

Meanwhile, the coronavirus-induced lockdown has been extended beyond May 4, for another two weeks in the country.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
March 15,2020

Financially troubled Yes Bank on Saturday reported a standalone net loss of ₹ 18,560.31 crore for the third quarter of the financial year 2019-20. This is amongst the biggest losses reported by the India Inc.

At present, the private lender is under a moratorium and is controlled by the office of the administrator appointed by the RBI.

The bank had reported a net profit of ₹1,001.85 crore during the corresponding period of the previous financial year.

Besides, the bank's total income fell to Rs 6,268.50 crore from Rs 8,849.81 crore earned during the October-December quarter of the previous fiscal.

On consolidated basis, Yes Bank reported a net loss of ₹18,564.24 crore for the December quarter from a net profit of Rs 1,000.57 crore in the corresponding period of the previous fiscal.

The independent auditor's review report on the consolidated results pointed out that there is a "material uncertainty related to going concern" of the bank.

"The said assumption of going concern is dependent upon the degree of success of the final reconstruction scheme, the quantum of capital infused into the bank and the bank's ability to stabalise its deposit balances post withdrawal of the moratorium by the RBI. Our conclusion is not modified in respect of this matter," the auditor said.

Furthermore, the bank recognised additional loans of ₹ 5,150.2 crore as NPAs and related provisioning requirements of ₹772.5 crore for the quarter ended December 31, 2019.

The bank has recognised an additional provisions of ₹15,422.0 crore in the quarter ended December 31, 2019.

Last week, the RBI placed Yes Bank under moratorium and capped the withdrawal limit at ₹50,000 till next Wednesday.

Additionally, the central bank also superseded Yes Bank's board of directors and appointed former SBI CFO Prashant Kumar as its administrator.

Meanwhile, Kumar has been appointed as the new Chief Executive Officer of the financially troubled lender. He will take over his new responsibilities once the moratorium on the stressed lender is lifted on Wednesday.

Apart from Kumar, Sunil Mehta, former non-executive Chairman of Punjab National Bank, will take over as the non-executive Chairman of Yes Bank.

Other board members include Mahesh Krishnamurthy and Atul Bheda, both as non-executive Directors.

Additionally, six private lenders have joined the SBI to rescue Yes Bank with Federal Bank committing ₹300 crore by subscribing to 30 crore shares of ₹2 each at a premium of ₹8 per equity share.

The six private lenders have now committed an investment of ₹3,700 crore in the cash-strapped private sector bank.

On Friday, ICICI Bank and Housing Development Finance Corporation (HDFC) Ltd had announced that they will be investing ₹1,000 crore each in Yes Bank's equity. Axis Bank and Kotak Mahindra Bank will be investing ₹ 600 crore and ₹500 crore, respectively, while Bandhan Bank will invest ₹300 crore.

The SBI board has already approved up to 49 per cent stake purchase in Yes Bank, as per the RBI's reconstruction scheme for the lender. It had said on Thursday that an investment of ₹7,250 crore would be made in Yes Bank to pick up₹ 725 crore equity shares.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
July 31,2020

New Delhi, Jul 31: Air India has operated more than 2800 flights and flown over 3 lakh passengers worldwide till now under the Vande Bharat Mission.

"Air India under Vande Bharat Mission Operated more than 2800 flights and flown more than 3 lakh, 80 thousand passengers worldwide till now," Air India said in a tweet on Thursday.

The fifth phase of the Government of India's 'Vande Bharat' mission, aimed at evacuating Indian nationals stranded in various foreign countries owing to restrictions on air travel, will begin early next month, August 1.

"Under Vande Bharat Mission, we have already brought back more than 2.5 lakh stranded Indians from 53 commies," Air India had earlier said in a statement.

Over 7.88 lakh Indians stranded abroad due to coronavirus pandemic have returned under Vande Bharat Mission till July 22, Ministry of External Affairs had said.

The government started Vande Bharat Mission on May 7.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.