Imran Khan's party wants Modi at oath-taking ceremony

Agencies
August 1, 2018

Islamabad, Aug 1: A top leader of the Pakistan Tehreek-e-Insaf said that the party has asked the Foreign Office to apprise it on whether foreign heads of state, including Indian Prime Minister Narendra Modi, could be invited to Imran Khan's oath-taking ceremony, a media report said on Wednesday.

The PTI, led by 65-year-old Khan, has emerged as the single largest party in the National Assembly after the July 25 elections and it is likely to form the government with the support of its allies and independents.

Khan has said that he would take oath as prime minister on August 11.

The PTI had asked the Foreign Office if it would be possible to invite foreign dignitaries, including Prime Minister Modi, given the short period of time before the ceremony takes place, Dawn reported quoting PTI spokesperson Fawad Chaudhry.

Chaudhry said that the party was awaiting a response from the FO.

On Monday, Prime Minister Modi telephoned Khan to congratulate him on his party's victory in the general elections and hoped that "Pakistan and India will work to open a new chapter in bilateral ties".

Khan thanked Modi for his wishes and emphasised that disputes should be resolved through dialogue.

Indian celebrities like Bollywood star Amir Khan and cricketers Kapil Dev and Sunil Gavaskar have been invited by the party for the ceremony, he said while talking to the media outside the Supreme Court, where he had gone to meet Chief Justice Saqib Nisar.

The then prime minister Nawaz Sharif had travelled to New Delhi to attend Modi's oath taking ceremony in 2014 and the Indian premier had in December 2015 made a brief stopover in Lahore to greet his counterpart on his birthday.

The India-Pakistan ties nose-dived in recent years with no bilateral talks taking place.

The ties between the two countries had strained after the terror attacks by Pakistan-based groups in 2016 and India's surgical strikes inside Pakistan-occupied Kashmir. The sentencing of alleged Indian spy Kulbhushan Jadhav to death by a military court in April last year further deteriorated bilateral ties.

The two sides often accuse each other of ceasefire violations along the Line of Control, resulting in civilian casualties.

In his victory speech, Khan had said that better relations between Pakistan and India would be "good for all of us".

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coastaldigest.com web desk
June 27,2020

New Delhi, June 27: The Prime Minister Narendra Modi-led union government of India is not ready to stop all imports from aggressive China in spite of mount calls to boycott Chinese products in India.

The Centre is reportedly considering to stop only non-essential imports from the neighbouring country.

However, the Inward shipment in sectors such as automobiles, pharmaceuticals, certain electronics and others will continue until a domestic alternative is found.

“India will gradually move towards import substitution. It will not happen overnight. In the meantime, attention has to be paid on production and job creation. We cannot throttle our industry. There are certain absolutely essential imports. Needless to say, those will keep going,” official sources said.

Sources said that both the government and the industry are in the process of identifying products that can be domestically manufactured in the medium term. There are certain chemicals, automotive components, handicrafts, cosmetics, agriculture items and certain consumer electronics, which can be manufactured domestically in the short to medium term. The government is doing all it can to raise the capacity of domestic industries.

However, there are certain other imports in the automobile and the pharmaceutical sectors which cannot be done away within the short to medium term. Their domestic production at the moment may not be that cost-effective.

The six-crore strong traders’ body CAIT has been at the forefront of such a demand and has launched a campaign to celebrate Indian Diwali this year with a total absence of Chinese goods.

“Ease of doing business, capital availability at lower rates and globally competitive logistics and energy costs are some of the prerequisites that the government should look into to ensure the growth of the domestic auto component industry,” according to Automotive Component Manufacturers Association of India (ACMA) Director General Vinnie Mehta.

Maruti Suzuki Chairman R C Bhargava said, “People who are boycotting Chinese goods have to remember that in some cases it may lead to their being asked to pay more for the same product."

Meanwhile, domestic rating agency Acuite Ratings & Research has analysed the current import portfolio from China and found 40 sub-sectors have the potential to lower their import dependency on China. These sectors contribute to $33.6 billion worth of imports from China and about 25% of these imports can be substituted by local manufacturing without any significant additional investments.

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News Network
March 19,2020

Mar 19: Amidst spiralling cases of COVID-19 in the country, Union Minister of State for Health and Family Welfare Ashwini Kumar Choubey on Thursday advocated "absorbing sunlight" as a possible precaution against coronavirus that has claimed over 8,000 lives globally.

Speaking to reporters outside parliament, Choubey said 10-15 minutes in the sun would build immunity as sunlight provides Vitamin D.

"From 11 am to 2 pm the sun is shining brightly. We should spend at least 10-15 minutes to absorb sunlight so that we get vitamin D which improves the immunity of our body and also kills such viruses. All should be aware of (this fact)," he said when asked about the spread of coronavirus.

COVID-19 cases in India climbed to 169 on Thursday after 18 fresh cases were reported from various parts of the country, according to the Union health ministry.

The cases include 25 foreign nationals -- 17 from Italy, 3 from the Philippines, two from the UK, one each belonging to Canada, Indonesia and Singapore.

The figure also includes three deaths reported from Delhi, Karnataka and Maharashtra so far.

According to the World Health Organisation, the novel coronavirus has killed over 8,000 people globally and infected more than two lakh.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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