Russia will help if Syria is attacked: Putin

September 6, 2013

vladimir_putin

Moscow, Sep 6: Russia will help Syria if it comes under attack, President Vladimir Putin said, stressing that a majority of world leaders attending a G20 summit in St. Petersburg came out against military intervention in the Arab nation.

Asked at a post-summit press conference if Russia will continue to support the Syrian government in the event of a U.S. military strike Mr. Putin said: “Will we help Syria? We will. We are already helping, we’re sending arms [and] cooperating in the economic sphere. I hope we will expand our cooperation in the humanitarian sphere, including relief aid to support civilians who have found themselves in a very dire situation in that country.”

The Russian leader said G20 was divided on the Syrian crisis but a great majority of the world leaders gathered in St. Petersburg clearly opposed unilateral military intervention in Syria.

“I can tell you who favoured military action. It is the U.S., Turkey, Canada, Saudi Arabia and France, while British Prime Minister’s support for the U.S. was not shared by his citizens,” Mr. Putin said. “Now, who were categorically against: Russia, China, India, Indonesia, Argentina, Brazil, South Africa and Italy.”

Mr. Putin said he took note of “unexpectedly” strong stand taken by Prime Minister Manmohan Singh against unilateral military action.

Dr. Singh was quoted as telling the G20 that whatever action is required in Syria should be under the auspices of the U.N. and not outside its framework.

China’s President Xi Jinping also opposed military strike in Syria.

“Political solution is the only right way out for the Syrian crisis, and a military strike cannot solve the problem from the root,” Xinhua news agency quoted Mr. Xi as saying. “We expect certain countries to have a second thought before action.”

Syria was not on official agenda of the G20 summit, but the world leaders spent the “entire” Thursday evening discussing the Syrian crisis over dinner which stretched late into the night, Mr. Putin said.

The Russian President said he had a “substantive, constructive” 20-minute meeting with U.S. President Barack Obama on the sidelines of the G20 summit, but failed to bridge their differences over Syria.

“He doesn't agree with me, I don't agree with him. But we listened to each other,” Mr. Putin said adding that the two leaders agreed to have the Foreign Ministers of the two countries “get in contact and discuss this painful subject.”

Mr. Putin stressed that chemical weapons attacks in Syria were “provocations” staged by rebels in order to get help from their Western backers and that any outside intervention in Syria must be approved by the U.N., otherwise it would be “aggression.”

At a separate press conference in St. Petersburg Mr. Obama defended his intention to attack Syria and claimed growing support from other nations, but did say if any other country apart from France was ready to join in his move.

He said it's “clear that many countries agree with us that international norms must be upheld”.

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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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Agencies
February 11,2020

New Delhi, Feb 11: With Election Commission">Election Commission's trends indicating a landslide victory for the Aam Aadmi Party (AAP), party chief Arvind Kejriwal expressed his gratitude towards the people of the national capital and said that this is the victory of the people who consider him as their son.

Making his first public appearance after the day's results, Kejriwal made a brief address to supporters in which, AAP chief thanked supporters, outlined his personal connection with citizens and party workers as well as credited his family for their continued support.

"I thank people of Delhi for reposing their faith in AAP for the third time. This is not my personal victory, this is the victory of Delhiites. This the victory of the people who consider me as their son and voted for us," Kejriwal said at party office here.

He also referred to the trends of the assembly polls, as the beginning of a new kind of politics.

"This is the beginning of a new kind of politics. This is a new sign. Only the party will get vote who will built mohalla clinics and good schools... This is the victory of mother India and India. Today is Tuesday, Hanuman-ji's day. Hanumanji ji blessed Delhi today, I thank him. We pray that Hanuman Ji keeps showing the right path to us so that we continue to serve people for the next five years," he said.

According to Election Commission", AAP won 5 seats while the party is leading on 58 seats in 70-member Delhi Assembly. 

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News Network
May 7,2020

Visakhapatnam, May 7: Unconscious children being carried by parents in their arms, people laying on roads, health workers scrambling to attend to those affected by the styrene vapour leak and residents fleeing were some of the scenes that played out near here on Thursday, bringing back grim memories of the 1984 Bhopal gas tragedy.

The leak of styrene, a chemical used to make synthetic rubber and resins, among others, occurred in the wee hours of Thursday while people were still fast asleep.

Women and children were seen lying on roads struggling to breath, reminiscent of the infamous Bhopal gas tragedy when a leak from the Union Carbide plant left around 3,500 dead and many maimed.

The worst-hit Gopalapatnam village reverberated with cries of people for help.

Many people fell unconscious during their sleep, a villager said.

Affected people, suffering writ large on their faces, were rushed to hospitals in autorickshaws and on two wheelers.

Visakhapatnam Collector Vinay Chand said 20 ambulances were pressed into service as soon information about the gas leak was received.

Exposure to styrene, also known as ethenylbenzene, vinylbenzene can affect the central nervous system (CNS), causing headache, fatigue, weakness, and depression.

It is primarily used in the production of polystyrene plastics and resins.

The gas leak took place at LG Polymers chemical plant.

LG Polymers was established in 1961 as "Hindustan Polymers" for manufacturing Polystyrene and its co-polymers at Visakhapatnam. It merged with McDowell & Co. Ltd of UB Group in 1978, according to the company's website.

Taken over by LG Chem (South Korea), Hindustan Polymers was renamed LG Polymers India Private Limited (LGPI) in July, 1997.

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