Afghans vote amid chaos, corruption and threats

Agencies
October 20, 2018

Kabul, Oct 20: Afghans began voting on Saturday in parliamentary elections overshadowed by chaotic organisation, allegations of corruption and violence that has forced a postponement of the vote in the strategic southern province of Kandahar.

The United Nations, which has been supporting the process, has urged Afghans to "use this opportunity to exercise their constitutional right to vote" and called for the election to take place in a safe and secure environment.

Officials worry that violence will keep voters away from polling stations, particularly following the assassination of the police chief of Kandahar on Thursday, which forced authorities to delay the election in the province by a week.

Taliban militants have issued a series of statements telling people not to take part in what they consider a foreign-imposed process and warning election centres may be attacked.

Thousands of police and soldiers have been deployed across the country but already nine candidates have been assassinated and hundreds of people killed and wounded in election-related attacks.

Polls opened at 7.00 a.m. (0230 GMT) and voting is due to continue until 4.00 p.m. Due to the difficulty of collecting and collating results across Afghanistan, the overall results will not be known for at least two weeks.

Election authorities originally planned 7,355 polling centres but only 5,100 will be able to open due to security concerns, according to the Independent Election Commission, overseeing the vote.

Voting has also been delayed in Ghazni province, by arguments about the representation of different ethnic groups.

Fraud Fears

Widespread allegations of voter fraud present a challenge to the legitimacy of the process, seen by Afghanistan's international partners as a vital step ahead of the more important presidential election next year.

Afghan politics is still poisoned by the aftermath of a disputed presidential vote in 2014 that forced the two main rival groupings to form an unstable partnership. Both sides were accused of massive electoral cheating.

Political sleaze has put Afghanistan near the bottom of Transparency International's world corruption index.

"Fraud, the abuse of power and corruption are going to be the main challenge, much more than security," said Aziz Rafiee, a political analyst and executive director of the Afghan Civil Society Forum.

Some 8.8 million voters have been registered but an unknown number, by some estimates as many as 50 percent or more, are believed to be fraudulently or incorrectly registered.

About 2,450 candidates are competing for places in the lower house, which has 250 seats, including one reserved for a candidate from the Sikh minority. Under the constitution, parliament reviews and ratifies laws but has little real power.

In a bid to ensure the vote is fair, biometric voter registration technology has been rushed in at the last minute.

But many fear the untried technology, which was still being distributed to provincial voting centres as recently as Thursday, will add to the confusion without eliminating fraud.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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Agencies
June 7,2020

New Delhi, Jun 7: A day after India and China military commanders held "cordial and positive" talks at Chushul-Moldo point along the Line of Actual Control in Eastern Ladakh, Ministry of External Affairs said the two countries have agreed to "peacefully" resolve the situation in the border areas by continuing the military and diplomatic engagements.

The Indian delegation led by 14 Corps Commander Lt Gen Harinder Singh on Saturday met his Chinese equivalent Maj Gen Liu Lin, who is the commander of South Xinjiang Military Region of the Chinese People's Liberation Army, to address the ongoing tussle in Eastern Ladakh.

In a statement on Sunday, the MEA said that the meeting between the Corps Commander based in Leh and the Chinese Commander took place in a "cordial and positive atmosphere".

"Both sides agreed to peacefully resolve the situation in the border areas in accordance with various bilateral agreements and keeping in view the agreement between the leaders that peace and tranquillity in the India-China border regions is essential for the overall development of bilateral relations," the statement read.

They also noted that this year marked the 70th anniversary of the establishment of diplomatic relations between the two countries and agreed that an early resolution would contribute to the further development of the relationship.

"Accordingly, the two sides will continue the military and diplomatic engagements to resolve the situation and to ensure peace and tranquillity in the border areas," it further read.

China has moved its troops along the Line of Actual Control (LAC) in the Eastern Ladakh areas including the Finger area, Pangong Tso Lake, and Galwan Nala area.

The meeting between military commanders was to discuss and resolve the stand-off in Eastern Ladakh.

Following the meeting, the Army Headquarters' Directorate General of Military Operations also briefed the Ministry of External Affairs and other concerned government officials about the discussions.

On Friday, officials of India and China interacted through video-conferencing with the two sides agreeing that they should handle "their differences through peaceful discussion" while respecting each other's sensitivities and concerns and not allowing them to become disputes in accordance with the guidance provided by the leadership.

In the last few days, there has not been any major movement of the PLA troops at the multiple sites where it has stationed itself along the LAC opposite Indian forces.

The Chinese Army's intent to carry out deeper incursions was checked by the Indian security forces by quick deployment.

The Chinese have also brought in heavy vehicles with artillery guns and infantry combat vehicles in their rear positions close to the Indian territory.

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

Comments

Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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