Omar Abdullah, Mehbooba out under house arrest; internet snapped in Kashmir

News Network
August 5, 2019

Srinagar/New Delhi, Aug 5: Three of Jammu and Kashmir's most prominent politicians Mehbooba Mufti, Omar Abdullah and Sajad Lone were put under house arrest late Sunday night amid a massive security-built up in the state.

Internet services and mobile services were suspended in several places and all public gatherings were banned in Srinagar district as section 144 was imposed from midnight.

Jammu and Kashmir National Conference Vice President Omar Abdullah had on Sunday evening tweeted saying that he has been informed that an "unofficial curfew" was about to begin in Kashmir and mainstream leaders were going to be detained or kept under house arrest.

"If officers in the state government are to be believed mobile internet is going down now, an unofficial curfew is going to start and mainstream leaders are going to be detained. No idea who to believe and where this is heading," he tweeted.

"I believe I’m being placed under house arrest from midnight tonight & the process has already started for other mainstream leaders. No way of knowing if this is true but if it is then I’ll see all of you on the other side of whatever is in store. Allah save us," the NC leader said.

Abdullah had further said that government's decision to stop Amarnath Yatra, citing security concerns and intelligence inputs about the possibility of terror attacks, was exposed. "So we can debunk the stories that were being fed to the channels about everything that's been happening in Kashmir over the last few days, including the yatra stoppage, happening because of Pakistan," he added.

Earlier on Sunday, leaders of the mainstream political parties in Kashmir held an all-party meeting in Srinagar to discuss the prevailing situation in the Valley.

Kashmir remained on edge as authorities stepped up security deployment at vital installations and sensitive areas amid heightened terror threat and flare up of hostilities with Pakistan along the Line of Control (LoC).

After the Jammu and Kashmir administration curtailed the Amarnath Yatra and asked pilgrims and tourists to leave the valley at the earliest on Friday, anxious residents continue to throng markets to stock on essentials and serpentine queues have been visible outside shops and fuel stations.

Former India all-rounder Irfan Pathan, the mentor of Jammu and Kashmir state teams who was in Srinagar to oversee the trials for the U-16 (Vijay Merchant Trophy) and U-19 (Cooch Behar Trophy) squads, has left Srinagar, along with the young players. "We have for the time being postponed the second phase of junior team trials...since there has been a government advisory, I had a meeting with Jammu and Kashmir Cricket Association...Accordingly, it was decided that boys need to be sent back home," Pathan was quoted as saying by news agency PTI.

Various educational institutions also directed their students to vacate hostels.

Additional paramilitary forces, which arrived here last week, have been deployed across the city and in other vulnerable areas of Kashmir Valley, the officials said.

The strength of the security personnel has been increased around vital installations such as the civil secretariat, police headquarters, airport and various central government establishments in the city, they said. Barricades have been erected on many arterial roads, including the entry and exit points to Srinagar, the summer capital of the state. Riot control vehicles have also been kept on standby in some areas where apprehension of law and order disturbances is more, the officials added.

Meanwhile, Pakistan Prime Minister Imran Khan said that it was the right time for US President Donald Trump to mediate on Kashmir turmoil.

Pakistan further warned India that it is ready to respond to any "misadventure or aggression" by the Indian forces, as the country's top civil and military leadership discussed the sudden spike in tensions with New Delhi during a meeting of the National Security Committee.

The meeting criticised "Indian actions which would have adverse implications for regional and international peace." Pakistan reiterates that Kashmir is a long standing unresolved international dispute which needs peaceful resolution. Pakistan therefore urges India to come forth to resolve the issue in accordance with the aspirations of the Kashmiri people, it said. It said that the recent "buildup of forces" is adding "fuel to fire".

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News Network
January 10,2020

Mumbai, Jan 10: India’s oil demand growth is set to overtake China by mid-2020s, priming the country for more refinery investment but making it more vulnerable to supply disruption in the Middle East, the International Energy Agency (IEA) said on Friday.

India’s oil demand is expected to reach 6 million barrels per day (bpd) by 2024 from 4.4 million bpd in 2017, but its domestic production is expected to rise only marginally, making the country more reliant on crude imports and more vulnerable to supply disruption in the Middle East, the agency said.

China’s demand growth is likely to be slightly lower than that of India by the mid-2020s, as per IEA’s China estimates given in November, but the gap would slowly become bigger thereafter.

“Indian economy is and will become even more exposed to risks of supply disruptions, geopolitical uncertainties and the volatility of oil prices,” the IEA said in a report on India’s energy policies.

Brent crude prices topped USD 70 a barrel on rising geopolitical tensions in the Middle East, putting pressure on emerging markets such as India. Like the rest of Asia, India is highly dependent on Middle East oil supplies with Iraq being its largest crude supplier.

India, which ranks No 3 in terms of global oil consumption after China and the United States, ships in over 80 per cent of its oil needs, of which 65 per cent is from the Middle East through the Strait of Hormuz, the IEA said.

The IEA, which coordinates release of strategic petroleum reserves (SPR) among developed countries in times of emergency, said it is important for India to expand its reserves.

REFINERY INVESTMENTS

India is the world’s fourth largest oil refiner and a net exporter of refined fuel, mainly gasoline and diesel.

India has drawn plans to lift its refining capacity to about 8 million bpd by 2025 from the current about 5 million bpd.

The IEA, however, forecasts India’s refining capacity to rise to 5.7 million bpd by 2024.

This would make “India a very attractive market for refinery investment,” IEA said.

Drawn to India’s higher fuel demand potential, global oil majors like Saudi Aramco, BP, Abu Dhabi National Oil Co and Total are looking at investing in India’s oil sector.

Saudi Aramco and ADNOC aim to own a 50 per cent stake in a planned 1.2-million bpd refinery in western Maharashtra state, for which land is yet to be acquired.

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News Network
May 21,2020

New Delhi, May 21: As many as 5,609 new COVID-19 cases were reported in India in the last 24 hours, taking the total number of cases in the country to 1,12,359 according to the Union Ministry of Health and Family Welfare.

Out of the total cases, 63,624 are active cases, 45,300 patients have been cured/discharged or have migrated and 3,435 deaths have been reported.

With 39,297 cases in total, Maharashtra remains the worst affected state in the country, followed by Tamil Nadu (13,191 cases), Gujarat (12,537 cases), and Delhi (11,088 cases).

The nationwide lockdown imposed as a precautionary measure to contain the spread of coronavirus has been extended till May 31.

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Agencies
January 15,2020

Mumbai, Jan 15: The Reserve Bank of India (RBI) on Wednesday redistributed portfolios of Deputy Governors following the appointment of Michael Debabrata Patra to the post.

An official release said that NS Vishwanathan will handle co-ordination, Department of Regulation (DOR), Department of Communication (DoC), Enforcement Department, Inspection Department (ID), Risk Monitoring Department (RMD), and Secretary's Department.

BP Kanungo will look after Department of Currency Management (DCM), Department of External Investments and Operations (DEIO), Department of Government and Bank Accounts (DGBA), Department of Information Technology (DIT), Department of Payment and Settlement Systems (DPSS), Deposit Insurance and Credit Guarantee Corporation (DICGC), Foreign Exchange Department (FED), Internal Debt Management Department (IDMD), Legal Department (LD) and Right to Information (RIA) Division.

The release said that MK Jain will handle the Department of Supervision (DOS), Consumer Education and Protection Department (CEPD), Financial Inclusion and Development Department (FIDD), Human Resource Management Department (HRMD), HR Operations Unit (HR-OU), Premises Department (PD), Central Security Cell (CSC), and Rajbhasha Department.

Patra will look after the Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department including Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics & Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

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