India 'absolutely needed' as permanent UN Security Council members: France

Agencies
May 7, 2019

United Nations, May 7: India and nations like Germany, Brazil and Japan are "absolutely needed" as permanent members of a reformed and enlarged UN Security Council to better reflect contemporary realities and the addition of these key members to the UN high-table is among France's "strategic" priorities, the French envoy to the UN has said.

"In terms of policy, France and Germany have strong policy which is to work together to enlarge the Security Council and to succeed in terms of the negotiations that should lead to the enlargement of the Security Council that we consider absolutely needed to better reflect the world as it is. There is no question about it," France's Permanent Representative to the UN Francois Delattre told reporters here last week.

Speaking along side German envoy to the UN Christoph Heusgen at the end of Germany's Presidency of the Council for April, Delattre emphasised that France considers that "Germany, Japan, India, Brazil and a fair representation of Africa in particular are absolutely needed at the table to get towards a fairer representation of the Security Council. This is for us a matter of priority."

He underlined that Paris believes the enlargement of the Security Council with the addition of a few key members is "one of our strategic priorities."

Noting that when France and Germany launched their alliance for multi-materialism, he said it signifies that the two nations strongly believe in the UN as the core of today's global governance and that they strongly believe in "multi-lateralism and means that we are actively working to reform and in some respects to refound, reinvent multi-lateralism so that it is really efficient for the decades to come."

India is at the forefront of efforts at the UN to push for the long-pending reform of the Security Council, emphasising that it rightly deserves a place at the UN high table as a permanent member.

India's Permanent Representative to the UN Ambassador Syed Akbaruddin, speaking at the informal meeting of the Plenary on the Intergovernmental negotiations on the question of equitable representation on and increase in the membership of the Security Council earlier this year, had said that on the issue of 'Categories of Membership', a total of 113 Member States, out of 122 who submitted their positions in the Framework Document, support expansion in both of the existing categories specified in the Charter.

"In short, more than 90 per cent of the written submissions in the document are in favour of expansion in both categories of membership specified in the Charter," he had said.

Akbaruddin had said that while reform at the UN is a process rather than an event, "there is no process known to us here that has traversed winding pathways in the manner as this process of the Reform of the Security Council."

"In terms of inertia too, it has no peer. While the world is not what it was when we began the process, the objections to moving forward remain the same. While the global challenges of the 21st century have multiplied, we remain divided even about the process to adopt in order to move forward," he had said.

France has maintained that if the crises of recent times have confirmed the centrality of the UN, they have also reinforced the need to make the organisation more effective and more representative of the current balances in the world.

"That is why France pushes for the expansion of the Security Council by supporting the accession to a permanent seat of Germany, Brazil, India, Japan, as well as a greater presence of African countries," according to the Permanent Mission of France.

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News Network
May 21,2020

Srinagar, May 21: Two Border Security Force (BSF) personnel were killed and their weapons snatched by militants in the Pandach area on the outskirts of Srinagar yesterday.

According to IGP Kashmir Vijay Kumar, the two BSF jawans, who were on road surveillance deployment, were fired upon by two of the three terrorists on a motorcycle around 5:15 pm on the 90-Ft Road at Pandach, near Soura. 

They were critically injured and later succumbed to injuries. The terrorists escaped after taking away one AK rifle and one INSAS. Efforts were underway to trace the terrorists.

He said that two jawans, Constable Rana Mandol and Constable Ziaul Haque of ‘C’ company of 37th battalion, were injured and they later succumbed.

“The terrorists managed to take away the weapons of the martyrs. Area has been cordoned off and the search for the terrorists is on”, he said.

Residents around the spot said that the two soldiers were buying chicken for Iftar from a mutton dealer, around 300 meters away from their deployment location when three militants on a motorcycle stopped and opened fire on them.

Medical Superintendent SKIMS Dr Farooq Jan said that both the jawans were brought dead to the tertiary care hospital.

Senior Police officials said it was a “clear case of security lapse” as the two jawans had left their spot of deployment on Srinagar-Kargil-Leh road and gone to a shop 500 metres away on a different road.

They said that possibility of terror attacks and subsequently claims by the new outfit TRF had been flashed to all forces earlier this week.

The terror strike in the capital city has occurred a day after an encounter in downtown Srinagar, where two Hizbul Mujahideen militants, including the top wanted Junaid Sehrai, had been killed on Tuesday.

In the last one month, five Army and Police personnel and two militants had got killed in an encounter in Handwara area of Kupwara, a day before three CRPF men were killed in another attack.

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News Network
July 9,2020

New Delhi, Jul 9: India reported the highest single-day spike of 24,879 new positive cases and 487 deaths in the last 24 hours, taking the total number of COVID-19 cases in the country to 7,67,296, according to the Union Ministry of Health and Family Welfare.

Out of the total number of cases, 2,69,789 are active, 4,76,378 have been cured/discharged/migrated and 21,129 have died.

Maharashtra remains the worst-affected state due to COVID-19 with as many as 2,23,724 cases, including 91,084 active, 1,23,192 cured/discharged and 9,448 deaths.

It is followed by Tamil Nadu (1,22,350) and Delhi (1,04,864).

Meanwhile, a total of 1,07,40,832 samples have been tested for COVID-19 till July 8. Of these, 2,67,061 samples were tested yesterday, stated Indian Council of Medical Research (ICMR).

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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