US to begin process to move embassy to Jerusalem: Tillerson

Agencies
December 7, 2017

Washington, Dec 7: The US will immediately begin the process to move its embassy from Tel Aviv to Jerusalem, Secretary of State Rex Tillerson has said, hours after President Donald Trump recognised the holy city as Israel's capital.

In a major announcement, Trump recognised Jerusalem as Israel's capital yesterday despite warnings from the Arab leaders, reversing decades of US and international policy on the holy city.

"The State Department will immediately begin the process to implement this decision by starting the preparations to move the US Embassy from Tel Aviv to Jerusalem," Tillerson said.

The President Trump's decision to recognise Jerusalem as Israel's capital aligns the US presence with the reality that Jerusalem is home to Israel's legislature, Supreme Court, president's office, and prime minister's office, Tillerson said in a statement.

"We have consulted with many friends, partners, and allies in advance of the President making his decision. We firmly believe there is an opportunity for a lasting peace," he said.

Tillerson said the the safety of Americans was the State Department's highest priority, and with other federal agencies, it has implemented robust security plans to protect its citizens in affected regions.

In his landmark announcement, Trump said consistent with the Jerusalem Embassy Act, he was directing the State Department to begin preparation to move the American Embassy from Tel Aviv to Jerusalem.

"This will immediately begin the process of hiring architects, engineers and planners, so that a new embassy, when completed, will be a magnificent tribute to peace," he said.

The controversial decision received mixed reactions.

"I have long believed that Jerusalem is the true capital of Israel. However, issues surrounding the final and permanent status of Jerusalem must ultimately be resolved by Israelis and Palestinians as part of an internationally supported peace process," Senator John McCain said.

"That is why today's policy announcement, as well as any future relocation of the US Embassy in Israel from Tel Aviv to Jerusalem, should be part of a comprehensive diplomatic strategy in coordination with regional partners to achieve peace and security between Israelis and Palestinians," he said.

Democratic Senator Tim Kaine, member of the Senate Foreign Relations Committee, said the reaction from across the world is "troubling", including from important allies of Israel, and asserted that the announcement could have "destabilising consequences" for a region already rife with tensions.

"I am worried about the impact of this decision on the safety of US personnel overseas and have raised my concerns with the State Department to ensure sufficient security measures are in place at all US embassies and consulates," he said.

Another Democratic leader Nancy Pelosi rued that in the absence of a negotiated settlement between Israel and the Palestinians, moving the US embassy to Jerusalem now may "needlessly spark mass protests, fuel tensions, and make it more difficult to reach a durable peace".

Senator Marco Rubio said, "Today's announcement is an important step in the right direction. Unequivocal recognition of Jerusalem as Israel's capital will be complete when the US embassy is officially relocated there".

Following the Trump's decision, many Arab leaders warned that it could trigger an upheaval in the already volatile Middle East.

Comments

M Parson
 - 
Friday, 8 Dec 2017

This is outmost blunder by USA & Israel. Palestinian gave Israel people to live on their land. Today they acquired the place & now they say its their. Trump will never have natural death. Its known fact that USA admin call Israeli as their father before they any decision. One day inn sha Allah these Israel people will be paid for the things which they have done to Palestinian people. USA being such big country is afraid of Israel. Hum kisi se kum nahii Hamare Dash mein dum nahii

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News Network
April 17,2020

Paris, Apr 17: The number of coronavirus-related deaths in France has increased by 753 to 17,920 over the past 24 hours, with the total case count now standing at 108,847, Jerome Salomon, the head of the state health agency, said on Thursday.

On Wednesday, the country reported a total of 106,206 cases, including a record 1,438 new fatalities. Salomon specified that it was not the daily death toll, as the data had been compiled over the last three-day weekend.

"The total number of victims since March 1 is 17,920," Salomon said at a briefing on Thursday.
He noted that 11,060 of them had died in hospitals, and 6,860 others in social and medical-social facilities.

President Emmanuel Macron on Monday extended nationwide movement restrictions, which had been introduced due to the epidemic, until May 11. Afterwards, the country is set to gradually reopen kindergartens, schools and universities.

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News Network
March 6,2020

New Delhi, Mar 6: As panicky depositors rushed to withdraw money from Yes Bank whose control was seized by the RBI in a dramatic late-night move, Finance Minister Nirmala Sitharaman on Friday assured depositors that their money is safe and said the central bank was working for an early resolution of the crisis.

The Reserve Bank of India (RBI) on Thursday evening capped withdrawals at Rs 50,000 for the next one month and imposed strict limits on operations at the country's fourth-largest private lender that faced "regular outflow of liquidity" after an effort to raise new capital failed.

"I am in continuous interaction with the RBI. The RBI is fully seized of the matter and has assured they will give a quick resolution," Sitharaman said here.

She said no depositor will lose his or her money and insisted that the immediate priority is to ensure Yes Bank customers are able to withdraw money within the stipulated cap.

"I want to assure every depositor that their money shall be safe. Their monies are safe," she said. "I am constantly in contact with the RBI and the steps that are taken are taken in the interest of depositors, banks and economy. We are fully seized of the development."

She was talking to reporters after meeting State Bank of India (SBI) Chairman Rajnish Kumar. On Thursday, the SBI board gave its "in-principle" approval to exploring investment opportunities in Yes Bank.

"So I repeat, the depositors can be assured that their money is safe," she said.

Soon after the RBI takeover, depositors thronged Yes Bank ATMs to withdraw money and police had to be deployed in some places to control the crowds.

Yes Bank has 1,000 branches across the country.

Refusing to elaborate on her meeting with the SBI chairman, the minister said that "was on a completely different matter".

"RBI governor has given me assurance that there will be an appropriate resolution soon. No depositor will lose (money)," she said. "Reserve Bank has taken cognizance of the problem."

The central bank, she said, has gone through the "process over and over again to find out an amicable solution".

"And that has been over the last couple of months. So it is not as if they have come in suddenly now. We have been monitoring the situation," she said adding the RBI has appointed an administrator who previously was with the SBI.

"Both the RBI and the government are looking at this with all the details before them, not just today. I have personally monitored the situation over the last couple of months with the RBI. Therefore we have taken a course which will be in everybody's interest," she added.

Yes Bank had been seeking new capital since last year to bolster its ratios and quell questions about its stability due to its exposure to the non-banking finance industry entangled in a prolonged crunch in the local credit market.

The SBI chairman said the resolution to the Yes Bank crisis will come "very shortly".

"This is not a sectoral problem. It is a bank-specific problem," he said. "The RBI will take all steps to ensure financial stability."

On SBI picking up a stake in Yes Bank, he said the lender already has an in-principle approval for doing so.

"If SBI has to pick up a stake in Yes Bank, we have an in-principle approval for that," he said.

Commenting on the crisis at Yes Bank, Alka Anbarasu, Vice President – Senior Credit Officer, Financial Institutions, Moody's Investors Service, said: "RBI's moratorium on Yes Bank is credit negative as it affects timely repayment of bank depositors and creditors."

"While Moody's expects Indian authorities will take steps to prevent the weakness in the bank's viability from significantly impacting its depositors and senior creditors, the lack of a coordinated and timely action highlights continued uncertainty around bank resolutions in India," she said.

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News Network
July 15,2020

New Delhi, Jul 14: India's COVID-19 tally has reached 9,36,181 as 29,429 new coronavirus cases were reported in the last 24 hours, informed the Union Ministry of Health and Family Welfare on Wednesday.

The death toll went up to 24,309, including 582 fatalities in the last 24 hours.

Out of the total cases, 3,19,840 are currently active and 5,92,032 are cured/discharged/migrated.

As per the Ministry, Maharashtra -- the worst-affected state from the infection -- has a total of 2,67,665 COVID-19 cases and 10,695 fatalities. While Tamil Nadu has a tally of 1,47,324 cases and 2,099 deaths due to COVID-19.

Delhi has reported a total of 1,15,346 cases and 3,446 deaths due to COVID-19.

As per the information provided by the Indian Council of Medical Research (ICMR) 3,20,161 samples have been tested for COVID-19 till July 14, of these 1,24,12,664 samples were tested on Tuesday.

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