Stable Afghanistan, Iran critical to India's energy security: Khurshid

June 29, 2013

Khurshid_StableSrinagar, Jun 29: A stable Afghanistan and Iran are critical to India's energy security as these two countries can provide greater access to Central Asian region which has abundance of hydrocarbon wealth, External Affairs Minister Salman Khurshid said today.

"We are looking at re-energising the national North-South Corridor to connect India with Central Asia and Russia through Iran, we are looking at trans-Afghan routes using Iranian port of Chahabar particularly to get access to Afghanistan, Uzbekistan and Tajikistan. We are looking at a rail link from Kazakhstan to Turkmenistan into Iran.

"Of course, it does make Iran very critical. On the other hand, it makes Afghanistan very critical. Therefore, we hope that within our philosophical approach of being friends, we get Afghanistan back to a stable situation. Afghanistan will then become a bridge for us to Central Asia and Iran as well," Khurshid said addressing a three-day conference on Central Asia at the Kashmir University here.

The Minister also expressed hope that Iran will be able to resolve its nuclear energy issues with the European Union.

Khurshid said India has been closely watching the development related to the peace process in Afghanistan.

"We have been watching with care and close scrutiny the developments in Doha (Qatar) about the possibility of a conversation and dialogue between the 'willing' Taliban and High Peace Council of Afghanistan.

"We feel and we have said this to our friends, in the US and the European Union, that our collective decision which is very very strongly endorsed in Afghanistan that the peace talks must be Afghan led and Afghan controlled," he said.

Khurshid said although the carbon emissions in India are a fraction of those of the developed world like the US and the European Union, but it will grow "if we continue to rely on conventional forms of energy and we continue to aspire to grow at eight per cent or 10 per cent."

He said the government is working on several things, including a liberalised visa regime with Central Asian countries, to enable "more convenient and liberal access to people on both sides to travel".

On the development partnership with Central Asian countries, Khurshid said India has "done reasonably well in food processing, data processing, renovation and upgradation of hydroelectric power plants, computerisation of post offices and IT centres of excellence in Tajikistan, Turkmenistan, Kyrgyzstan, Uzbekistan and Kazakhstan."

He said India is looking at setting up of Central Asian Universities in near future.

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Agencies
January 21,2020

Kochi, Jan 21: A special court here on Tuesday sent two students, who were arrested under the Unlawful Activities Prevention Act (UAPA) case in Kozhikode last November, to the custody of National Investigation Agency (NIA) for a day.

The NIA court ordered that the duo, who were in judicial custody till now, to be produced before it tomorrow.

In its application, the NIA had said that the accused must be interrogated on the basis of digital records and sought custody of the duo for a week.

However, the defendant argued that no new evidence had been found against the accused and therefore no custody should be granted.

During an earlier hearing, the two had told the court, "We are not Maoists. We are CPI (M) activists. The Chief Minister, who says we are Maoists, should bring proof of whom we killed and where we bombed. In the last election, we have served as CPI (M), booth agents. We are the ones who went out to vote and pasted posters for the party."

The two were charged under Sections 20 (punishment for being a member of terrorist gang or organisation), 38 (offence relating to membership of a terrorist organisation) and 39 (offence relating to support given to a terrorist organisation) of the UAPA.

Allen and Thaha, students of law and journalism respectively of Kannur University, were taken into custody by the police from Pantheerankavu in Kozhikode on November 1 last year.

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News Network
March 30,2020

New Delhi, Mar 30: The government on Monday said there was no plan to extend the 21-day lockdown which came intro force on Tuesday midnight.

The Press Information Bureau (PIB) of the Ministry of Information and Broadcasting tweeted, saying Cabinet Secretary Rajiv Gauba has denied media reports claiming that the government will extend the lockdown.

"There are rumours & media reports, claiming that the Government will extend the #Lockdown21 when it expires. The Cabinet Secretary has denied these reports, and stated that they are baseless," it said.

The 21-day lockdown is aimed at checking the spread of the coronavirus.

Following the lockdown, there has been a massive exodus of migrant workers from big cities to their villages after being rendered jobless.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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