UAE ups profile at Indian Ocean group

[email protected] (Khaleej Times)
November 3, 2012

indianocean

New Delhi, November 3: The UAE is taking its green responsibility seriously and has offered to host the Indian Ocean Rim renewable energy forum next year. Minister of State for Foreign Affairs Dr Anwar Mohammed Gargash, speaking at the 12th ministerial meeting of the association in Gurgaon on Friday, said UAE officials will discuss with the IOR-ARC secretariat on how to take the proposal forward.

The UAE is home to the International Energy Agency and much can be gained by the group in developing and promoting alternative forms of energy.

Dr Gargash also announced the UAE’s contribution of $500,000 to a special fund of the association. He said the country is committed to the group of 20 nations, with Comoros joining as a full member on Friday. “The IOR-ARC must show will and determination for tangible results,” said the minister. He said the organisation needs to be energised through improved coordination, and new projects in member countries.

He warned of the dangers of the eurozone financial crisis spreading to the region and said the group must shield itself with further investments and press ahead through sustainable growth. He mentioned the Abu Dhabi Sustainable Energy Week in January next year and said the UAE is taking the lead in tapping environment-friendly, sustainable sources of energy.

“We must promote cultural understanding and tolerance in this association with its diverse interests and rates of growth,” Dr Gargash said, and added the UAE’s efforts to host Expo 2020 will bring people and businesses together. He said the Indian Ocean Rim group of countries must interact more to grow and expand.

On maritime security, he said the UAE would continue to combat piracy and has been instrumental in bringing warring factions in Somalia together to tackle the problem at source. Pirate attacks off the coast of Somalia have fallen by 50 per cent since that meeting in June and with the formation of a new Somali government.

“There’s a lot more we can do. We must invest time and effort to further the interests of the group,’’ he said.

Growing together

Earlier, the meeting of ministers was inaugurated by Indian External Affairs Minister Salman Khurshid, who echoed Dr Gargash’s call for the 15-year-old grouping to show tangible benefits for the two billion people of these countries.

“There must be greater structure for people in the IOR-ARC countries to grow together,” said Khurshid. Job creation and security are important for the region to prosper, he said. He laid emphasis on economic cooperation, technology exchange, education and development of fisheries in the region. The minister even mooted a university for the Indian Ocean Rim.

India has contributed $1 million for projects being carried out by the association. China, which is a dialogue partner, chipped in with $100,000.

The Indian External Affairs minister said he is committed to maintaining the momentum of the grouping, but suggested a pragmatic approach for holistic development.

The IOR-ARC, which was formed in 1997, is an apolitical body with interests in maritime security, trade and investment, fisheries management, disaster risk reduction, academics, science and tourism. It has three projects in Iran and Oman on fisheries, science and technology and maritime transport.


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News Network
May 6,2020

New Delhi, May 6: Taking a cue from states, the Centre announced one of the steepest hikes in duties on petrol and diesel in the recent past, by raising it by Rs 10 and Rs 13 per litre, respectively, in a notification issued late on Tuesday.

Retail prices, however, will see no change as the price hike will be absorbed by oil marketing companies against the fall in crude prices.

Road and infrastructure cess was hiked by Rs 8 for petrol and diesel and the special additional excise duty (SAED) was hiked by Rs 2 per litre and Rs 5 per litre, respectively. While the road cess will only go into the Centre’s coffers, the hike on account of SAED will be passed on to states via devolution at 42 per cent. Hence, the states will get only Rs 0.84 per litre in case of petrol and Rs 2.1 in case of diesel.

The decision comes after several states increased the value added tax (VAT) on petrol and diesel making use of the lower price regime. The Delhi government on Tuesday increased VAT on petrol and diesel to 30 per cent each, from 27 and 16.75, respectively. As a result, the price of petrol in Delhi increased by Rs 1.67 to Rs 71.26 a litre and diesel by Rs 7.10 to Rs 69.29 in Delhi on Tuesday.

Amid falling international crude oil prices, the Centre introduced an enabling provision in March to raise excise duty on petrol and diesel by Rs 8 per litre in the Finance Act. The government had on March 14 raised excise duty on petrol and diesel by? 3 per litre each, which was to help raise an additional ?39,000 crore in revenue annually.

This duty hike included Rs 2 a litre increase in SAED and Rs 1 in road and infrastructure cess. It raised SAED to Rs 10 for petrol and Rs 4 for diesel. The limit has now been increased to Rs 18 a litre in case of petrol and Rs 12 in case of diesel by way of amendment of the Eighth Schedule of the Finance Act.

Economists said the move would impact retail inflation by over half a percentage point at least. “With lower consumption, there was loss of revenue for Centre and states, who earn Rs 6 trillion annually or Rs 50,000 crore monthly from fuel. Amid lockdown in April, the collection must have come down to just Rs 5,000 crore, and this will hold for May.

This means that Centre and states have lost 20 per cent of annual revenue from fuel. Hence, they have hiked duties to recover losses,” said Madan Sabnavis, chief economist, CARE Ratings. He added that the hike will impact inflation by at least 0.6-0.7 percentage points.

According to industry experts, an estimate of the additional government revenue cannot be made as the consumption of petrol and diesel has dropped to 40 per cent of what it was before the lockdown. The duty hike comes following a drop in international crude oil prices in April, owing to lower consumption figures globally. At 11.50 pm on Tuesday, Brent was priced at $30.67 a barrel, while West Texas Intermediate (WTI) crude was seen at $24.36 a barrel. On Monday, the Indian basket of crude oil was priced at $23.38 a barrel, after touching a 15-year low last month.

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News Network
February 1,2020

New Delhi, Feb 1: India on Friday banned the export of personal protection equipment such as masks and clothing amid a global coronavirus outbreak.

It did not give a reason for the ban but it reported its first case of the new coronavirus on Thursday, a woman in Kerala who was a student of Wuhan University in China.

The central Chinese city of Wuhan is the epicentre of the outbreak, and the virus has since spread to more than 9,800 people globally and killed 213 people in China.

Several Indian citizens living in Wuhan will arrive in India by plane on Saturday and be taken to a quarantine centre on the outskirts of the capital New Delhi.

India, the world’s second most heavily populated country after China, has taken measures to ensure that all people arriving from China report to health authorities.

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Agencies
August 8,2020

New Delhi, Aug 8: Former Union Minister Rajiv Pratap Rudy on Saturday said that it is unfair and unfortunate to blame the pilots or the Airports Authority of India (AAI) for the Kerala place crash which took place on Friday evening.

"It is very unfortunate and unfair when experts come under television channel and they try to put blame on the Airports Authority of India or the pilots. Airport authority in an institution which has had survived various tests of time for the last 65 to 70 years, or pre-independence, so it is unfair to blame them," he said.

While speaking to news agency, Rajiv Pratap Rudy said that the 737 Boeing aircraft is reliable and the pilots were experienced, and it was wrong to blame them.

He further said that there are many possibilities on what could have happened, and said, "It is an accident and we need to find the facts."
Rajiv Pratap Rudy also expressed his deepest condolences to the family members of those who lost their lives in the plane crash. "This accident is terrible and heart-rending. 

I offer my deepest condolences to the family members of the captain and first officer, and the families of passengers who died and were injured," he said.

At least 18 people died when a plane carrying 190 passengers came from Dubai met with an accident at Karipur airport in Kozhikode on Friday evening, as per the Directorate General of Civil Aviation (DGCA).

"Eighteen people, including two pilots, have lost their lives. It is unfortunate. 127 people are at hospitals, others have been released," said Puri on the Air India Express flight that crash-landed on Friday evening.

Air India Express Dubai-Kozhikode IX-1344 flight, carrying 190 people on board from Dubai under the Vande Bharat Mission, skidded off the runway at Karipur Airport in Kozhikode at 7.41 pm on Friday in which several people sustained injuries.

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