Dialogue with Pak after new govt. settles down: Khurshid

June 28, 2013

Khurshid

Srinagar, Jun 28: India on Friday said the composite dialogue with Pakistan will be resumed after the new government in the neighbouring country settles down, and pending confidence building measures between the two countries are implemented.

“It is not good that we say everything right at the outset. The atmosphere is good at the moment. Let it improve further to be conducive for talks,” External Affairs Minister Salman Khurshid told reporters in Srinagar.

“Let them (the new government in Pakistan) settle down and understand their job, then we can resume it. However, there are some issues on which both the government and people expect some progress, and we will get some satisfaction from it. Then things can move on smoothly from there,” he said.

The focus of the government, at present, is to resume sectoral dialogue, whereby progress can be made on certain issues, Mr. Khurshid said after addressing Congress workers at the PCC office in Srinagar.

“Our formulation at the moment is to start a sectoral dialogue. The issues on which we can make forward movement, we will do that. There are some issues on which expecting some quick progress is not possible,” he said.

The External Affairs Minister said there are some confidence building measures which are to be implemented by both the countries to further improve the atmosphere.

“There are confidence building measures like the most favoured nation status (to India) which they had decided earlier, but has not been implemented yet and the new visa regime which we have announced and will enable travel of more people across the border is to be implemented. We can move forward one step at a time,” he said.

Mr. Khurshid said the composite dialogue with Pakistan made good progress and was successful, but some “unfortunate incidents” dealt a setback to the process.

“Talks with Pakistan had progressed a long way and were successful. The composite dialogue that we had started had made good progress. Unfortunately, some incidents took place which became a setback to our efforts and under compulsion, the process stopped,” he added.

The Minister said the government has positively viewed the statements made by Pakistan Prime Minister Nawaz Sharif about relations with India during his election campaign, which he reiterated after assuming office.

“Elections have taken place there under a democratic system and Prime Minister Nawaz Sharif, during his election campaign gave statements and hints, and reiterated them after assuming office. We seen them in positive light and we have responded accordingly,” he said.

On the fallout of the U.S. withdrawal next year from Afghanistan on India, Mr. Khurshid said Washington has assured assured that the talks with Taliban will stay within the “red lines” drawn for the purpose.

“When (U.S. Secretary of State John) Kerry was in New Delhi, he told us that as far as our reservations are concerned, no step will be taken that will harm our interests. Red lines have been drawn and we agree with them. Those (Taliban) who come to talk will believe in the constitution, they will down their arms and snap ties with al-Qaeda, if they have any.

“If they remain within these lines -- the U.S. has time and again said they will -- we think the talks can progress.

The basic thing which we have all agreed upon is that the talks should remain in control of Afghanistan as it is their internal matter,” he added.

Mr. Khurshid said the government has had detailed discussion with the U.S. and Afghan President Hamid Karzai on the issue of talks with Taliban.

“We have had a detailed discussion with the U.S. on the issue. We also talked about it with Mr. Karzai when he was here.We have spoken to other countries as well, like Saudi Arabia and the U.K.

“Right now, nobody knows whether the talks (between the US and Taliban) will succeed. Even the US has not expressed confidence that these talks will move forward. It is an attempt,” he said.

Mr. Khurshid said some things happened during the inaugurating of the Taliban office in Qatar, which were not liked by some people.

“We are (now) told these have been rectified,” he said.

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Agencies
July 2,2020

New Delhi, Jul 2: In the midst of India's tense border standoff with China, the defence ministry on Thursday approved procurement of a number of frontline fighter jets, missile systems and other platforms at a cost of Rs 38,900 crore to bolster the combat capability of the armed forces, officials said.

They said 21 MiG-29 fighter jets are being bought from Russia while 12 Su-30 MKI aircraft will be procured from Russia. The ministry has also approved a separate proposal to upgrade existing 59 MiG-29 aircraft.

The decisions were taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.

The procurement of 21 MiG-29 and upgrading of the existing fleet of MiG-29 are estimated to cost the government Rs 7,418 crore while purchase of 12 new Su-30 MKI from the Hindustan Aeronautics Ltd will be made at a cost of Rs 10,730 crore, the officials said.

The DAC also approved procurement of long-range land-attack cruise missile systems with a range of 1,000 KM and Astra Missiles for Navy and Air Force.

The officials said cost of these design and development proposals is in the range of Rs 20,400 crore.

"While acquisition of Pinaka missile systems will enable raising additional regiments over and above the ones already inducted, addition of long-range land attack missile systems having a firing range of 1000 KM to the existing arsenal will bolster the attack capabilities of the Navy and the Air Force," said a defence ministry official.

"Similarly induction of Astra Missiles having beyond visual range capability will serve as a force multiplier and immensely add to the strike capability of the Indian Navy and the Indian Air Force," he said.

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News Network
January 7,2020

Jan 7: India’s monetary authority allowed banks to offer foreign-currency transactions outside of local market hours, a move aimed at boosting trading volumes at home.

Interbank deals, as well as those with customers in and outside India, can be undertaken by banks or their overseas branches and units at all times, the Reserve Bank of India said in a statement late Monday. It stopped short of saying whether the timing of the onshore over-the-counter market has been extended from the current 9 a.m. to 5 p.m.

The move is in line with recent recommendations to reverse the trend of the partially convertible rupee being traded more abroad than in India. London has overtaken Mumbai to become the top center for trading the rupee, adding to a sense of urgency among local authorities to deepen the onshore market.

Average daily volumes for rupee in the U.K. soared to $46.8 billion in April, a more than fivefold jump from $8.8 billion in 2016, according to a survey from the Bank for International Settlements published in September. That exceeded the $34.5 billion recorded in India.

Analysts say more trading abroad could amplify volatility in the domestic market and reduce the effectiveness of policy actions.

India’s decision comes as the London Stock Exchange Group Plc has started asking market participants if they want the bourse to function fewer hours, signaling it’s open to an argument driven by changing trading patterns and calls for a better work-life balance.

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News Network
March 23,2020

New Delhi, Mar 23: The total number of COVID-19 cases in the country rose to 390 on Monday after 30 fresh cases were reported.

The figure includes 41 foreign nationals and the seven deaths reported so far.

Gujarat, Bihar and Maharahstra reported a death each on Sunday, while four fatalities were reported earlier from Karnataka, Delhi, Maharashtra and Punjab, the Union Health Ministry said.

The total number of active COVID-19 cases across the country now stands at 359, while 24 people have been cured/discharged/migrated.

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