Thackeray shared strong bond with his Muslim physician

November 18, 2012

Jalil-Parkar

Mumbai, November 18: He was considered a right-wing Hindu leader -- but Shiv Sena patriarch Bal Thackeray, who died Saturday, had full faith in a Muslim doctor, who was treating him for the last four years.

One might never to able to solve the mystery as to why Thackeray trusted his family's health on Jalil Parkar, but the meticulous chest physician ensured that the trust was never broken.

In 2009, when Thackeray had severe breathing difficulty, it was this doctor, trained in the United States, who came to his aid and over a period of time became a permanent visitor to Matoshri -- the Thackeray residence.

Even as Thackeray headed a party known for its right-wing Hindu nationalist views, Parkar never complained of any religious biases. He in fact said Thackeray was one of the kindest souls he had interacted with.

It was evident from the fact that Parkar was choked up and had visibly damp eyes while he, and not a party member, announced the death of the 86-year-old Shiv Sena founder.

Party workers also acknowledged Parkar's required presence at Matoshri. He was even seen sitting behind a frail Thackeray as he addressed the party's signature Dussehra rally at Shivaji Park in central Mumbai last year.

Such was the faith Thackeray had in Parkar that even party spokesperson Sanjay Raut publicly acknowledged it and praised Thackeray and Parkar for the bond that they shared.

Raut had said Thackeray never had any problems with a Muslim doctor leading a team of doctors treating him. "He had immense faith in Dr. Parkar," Raut had said earlier.

After all, it was Parkar's constant care and perfect prescription that helped bring under control Thackeray's chronic obstructive pulmonary disease, a lung disease that makes breathing difficult.

And it did not stop at that.

Parkar was right there when Thackeray's son Uddhav fell ill in July. Like his father, who has had two heart interventions - the first in 1996 and the second in 2009 done by Parker - Uddhav too underwent two angioplasty procedures in July and October. Parkar was at Uddhav's side then too.

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News Network
June 27,2020

New Delhi, Jun 27: Prime Minister Narendra Modi on Saturday said that India fared much better compared to some other countries in the fight against the COVID-19 pandemic. The PM made this observation while delivering the inaugural address to mark the 90th birth anniversary celebrations of Reverend Dr Joseph Mar Thoma Metropolitan.

"Earlier this year, some people had predicted that the impact of the virus in India would be very severe. Due to lockdown, many initiatives have been taken by the Government and in this people-driven fight, India is much better placed than many other nations. India's recovery rate is rising," Modi said in his virtual address.

He further warned that the time was not apt to "let our guard down".

The prime minister greeted the Mar Thoma Metropolitan and wished him a "long life and best health."

"Dr Joseph Mar Thoma has devoted his life for the betterment of our society and nation. He has been particularly passionate about the removal of poverty and women empowerment," the prime minister said.

Praising the Mar Thoma Church for its contributions to the country the Prime Minister added that it has worked to bring a positive difference in the lives of people in the country in areas of healthcare and education.

"The Mar Thoma Church is closely linked with the noble ideals of Saint Thomas, the Apostle of Lord Christ. India has always been open to spiritual influences from many sources. It is with this spirit of humility that the Mar Thoma Church has worked to bring a positive difference in the lives of our fellow Indians," Modi said.

Followers of the Mar Thoma Church from India and abroad participated in the programme through video conference.

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News Network
March 30,2020

New Delhi, Mar 30: Prime Minister Narendra Modi on Monday interacted with Indian ambassadors and high commissioners abroad and urged them to remain alert to developments in global efforts against COVID-19 including breakthroughs to help the country's fight against the coronavirus.

External Affairs Minister S Jaishankar and Foreign Secretary Harsh Vardhan Shringla were also present during the interaction through video-conferencing.

"Coming together for India PM interacted with Indian Ambassadors/High Commissioners abroad and urged them to remain alert to developments in global efforts against COVID-19 including breakthroughs to help our national efforts to fight COVID19," External Affairs Ministry spokesperson Raveesh Kumar said in a tweet.

"PM appreciated the efforts of our missions in helping Indians abroad, in particular, students and workers," he added.

The number of positive coronavirus cases in the country stood at 1,071 on Monday. It includes 29 deaths and 99 people, who have been cured of the highly contagious virus.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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