Uproar in Lok Sabha over communal incidents

March 17, 2015

New Delhi, Mar 17: The Lok Sabha witnessed noisy scenes during Zero Hour on Tuesday when the Congress and the AIADMK raised the issue of desecration of a church in Hisar, the rape of a nun in West Bengal and a communally objectionable statement made by senior BJP leader Subramanian Swamy in Assam.

Raising the issue, Congress MP Gaurav Gogoi said, “I want to draw the attention of my colleagues to the growing fear among people and rising incidents of religious intolerance. A church was desecrated in Hisar in Haryana, and the state government said legal papers were not available. Can that be a reason (for destroying a church)?”

Lok Sabha

Mr. Gogoi also pointed out that a national executive member from the BJP had visited Assam and made objectionable statements. “Does God only reside in temples, not in mosques and churches,” he asked.

He was referring to a statement made by senior BJP leader Subramanian Swamy in Assam: he reportedly said mosques and churches are mere “buildings” to offer prayers, and therefore there was “no problem in demolishing them.”

The AIADMK’s P.B. Venugopal, echoing Mr. Gogoi on the issue, said, “India is a secular country and all politicians must avoid glorifying any one religion.”

Immediately, after that, as chaos continued in the Lok Sabha, the Congress’ Adhir Ranjan Choudhury and the CPI(M)’s Mohammad Salim raised the issue of the rape of a nun in West Bengal’s Ranaghat district. Mr. Salim stressed that communal incidents was not confined to one state or one religion, hitting out at the BJP, the ruling party, accusing it of “creating a communal situation in the country.”

Immediately, the BJP’s S.S. Ahluwalia who represents West Bengal’s Darjeeling constituency, jumped to his feet at this point and addressed the house in Bengali, attacked the Trinamool Congress government in the state. This saw the Trinamool’s Saugata Roy joining issue with Mr. Ahluwalia, stressing that Chief Minister Mamata Bannerjee had visited the traumatised nun in Ranaghat and promised stern action against the culprits.

Union Parliamentary Affairs Minister M. Venkaiah Naidu, then rose to his feet to support the Trinamool Congress, but went on to dissociate his government from the communal episodes in Haryana and West Bengal, and his party from Dr. Swamy’s statement in Assam.

Having done that, Mr. Naidu went on to attack the opposition, accusing them of playing vote bank politics. Later, as agitated MPs continued to highlight the issue, he delivered his final lines: “This government under the leadership of Narendra Modi believes in justice for all, appeasement of none. This government is perfect.”

Rajya Sabha uproar too

There was uproar in the Rajya Sabha over comments by Mr. Swamy in Assam where he reportedly said mosques are not religious places.

“Secularism is the biggest strength of a democracy. If there is no secular character, there will be no democracy,” Congress leader Pramod Tiwari said, raising the issue soon after the house met.

“They are talking about breaking mosques,” Mr. Tiwari said as several opposition members joined him and created uproar.

The members remained unrelenting even as Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi said the members could discuss the issue.

Amid the commotion, the house was adjourned for ten minutes. According to reports, Mr. Swamy, at a function in Guwahati, said mosques are not religious places but just buildings, and it can be demolished any time.

He also cited the example of mosques demolished for construction of roads in Saudi Arabia.

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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
July 17,2020

Thiruvananthapuram, Jul 17: A gunman posted at the United Arab Emirates (UAE) Consulate in Thiruvananthapuram allegedly attempted suicide on Friday, the police said.

"A gunman who was working at the United Arab Emirates (UAE) Consulate in Thiruvananthapuram allegedly attempted to commit suicide today. He is currently admitted to a hospital. 

The police were searching for him after his relatives had filed a missing complaint on Thursday night. A case has been registered and a probe is underway," said Police.

The person is identified as Jayagosh. He is attached to the police Armed Reserve (AR) camp and was reported missing since last night. Later, his relatives had filed a missing complaint with the police.

Jayagosh was later found lying in a pool of blood near his house in Akkulam and was taken to the hospital.

A police investigation is underway and more details are awaited.

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Agencies
June 25,2020

Patna, Jun 25: At least 83 people died due to thunderstorms in Bihar in the last 24 hours, according to Chief Minister's Office.

Bihar Chief Minister Nitish Kumar announced Rs 4 lakhs each for the families of deceased.

Thirteen people died in Gopalganj, 8 each in Madhubani and Nawada, 6 each in Baghalpur and Siwan, 5 each in Darbhanga, Banka, East Champaran and 3 each in Khagaria and Aurangabad.

Due to thunderstorms, two people each lost their lives in West Champaran, Kishanganj, Jamui, Jahanabad, Purnia, Supaul, Buxar, Kaimur while one death each was reported in Samastipur, Shivhar, Saran, Sitamarhi and Madhepura.

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