Police storm Jamia Islamia campus as anti-CAA protest turns violent

Agencies
December 15, 2019

New Delhi, Dec 15: Hours after violence rocked south Delhi on December 15, police said the situation was under control and they have detained some of the people who had allegedly indulged in arson and vandalism during a protest against the amended citizenship law.

They said police entered the Jamia university campus to only control the situation, after protesters indulged in violence near New Friends’ Colony area in south Delhi on Sunday afternoon.

Deputy Commissioner of Police (Southeast) Chinmoy Biswal said four buses and two police vehicles were torched during the protest, adding six policemen were also injured. He said stones were pelted from inside the varsity at police personnel, forcing them to use teargas to disperse the “violent mob“. Mr. Biswal said some people have been detained but did not give details.

Both the Jamia Millia Islamia students’ community as well as the Teachers’ Association have disassociated themselves with the violence and arson that took place near the university on December 15 afternoon.

Escorted by police, youths could be seen coming out of their hostels with their hands raised. Some of them claimed the police also entered the library and “harassed” the students.

Jamia Chief Proctor Waseem Ahmed Khan claimed that Delhi Police personnel entered the university by force without any permission and beat up staff members and students who were forced to leave the campus.

University vice-chancellor Najma Akhtar said students who were inside the library have been taken out and are safe. Ms. Akhtar condemned the police action.

“The Delhi Police has gheraoed Jamia students in the library. We do not subscribe to the bus burning incident which happened but those who did it were not from the varsity but outsiders. Innocent students are being targeted,” claimed a student who did not wish to be named.

Some others alleged that students have been detained by the police, but there was no confirmation from the Delhi Police, which said they were focusing on bringing the situation under control.

Three state-run buses and a fire tending vehicle were set afire by the protesters during the violence and arson in New Friends’ Colony.

Delhi Chief Minister Arvind Kejriwal spoke to Lt. Governor Anil Baijal and urged him to take all steps to restore normalcy.

Mr. Kejriwal said the Delhi government is doing everything possible at its end to restore peace. “Spoke to Hon’ble LG and urged him to take all steps to restore normalcy and peace. We are also doing everything possible at our end. Real miscreants who caused violence shud be identified and punished (sic),” Mr. Kejriwal tweeted.

In an earlier tweet, he said any sort of violence is unacceptable. “No one shud indulge in violence. Any kind of violence is unacceptable. Protests shud remain peaceful,” he said.

Schools in southeast Delhi to remain closed on December 16

All schools in southeast Delhi area will be closed on December 16 in view of the situation, Delhi Deputy Chief Minister Manish Sisodia announced.

“In Delhi’s south east district areas including Jamia, Okhla, New Friend's Colony and Madanpur Khadar, all government and private schools will remain closed tomorrow. Delhi government has taken the decision in view of the current situation,” Mr. Sisodia tweeted in Hindi.

Earlier, students claimed that “certain” local elements had “disrupted” their protest and indulged in violence.

Sources said that as police tried to disperse the protesters by using baton change and firing teargas shells, some of the “outsiders” ran towards the campus and tried to hide there.

The Jamia Millia Islamia students’ body issued a statement said they had nothing to do with the arson and violence.

"We have time and again maintained that our protests are peaceful and non-violent. We stand by this approach and condemn any party involved in the violence. We have maintained calm even when students have been lathicharged and some women protesters badly beaten up. Media personnel are a witness to these events. Violence by certain elements is an attempt to vilify and discredit genuine protests" said the statement.

In an official statement, the university said that the protest was not organised by Jamia Mllia students. "The violent incidents ocurred during the protest organised by the people of nearby areas and not by JMI students," it said.

Jamia Millia has already declared winter vacation and postponed semester examination after the December 13 incident. A large number of students staying in hostels have left and Vice Chancellor Najma Akhtar appealed to the students to maintain peace.

Meanwhile, Jamia Teachers Association appealed to students to keep away from “direction-less” protest led by local political leaders. It said an emergency meeting of extended Executive Committee has been called in the JTA office on Monday to “discuss the misuse of Jamia’s name in the protests,” it said.

DMRC closes stations, roads blockaded

The Delhi Metro Rail Corporation (DMRC) closed the entry and exit gates of the Sukhdev Vihar Metro station in view of the violent protests.

Entry and exit gates of Jamia Millia Islamia, Okhla Vihar and Jasola Vihar Shaheen Bagh have also been closed with no trains halting at these stations.

The clash disrupted traffic in the area with several vehicles stranded on roads for hours.

The Delhi Traffic Police said in a tweet that the vehicular movement was closed from Okhla Underpass to Sarita Vihar due to the agitation. Vehicles coming from Badarpur and Ashram Chowk were diverted to alternative routes due to the blockade.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
June 2,2020

New Delhi, Jun 2: Prime Minister Narendra Modi on Tuesday said India will definitely get its economic growth back as the government continues to pursue various reforms.

Speaking at industry association CII's annual session, he said the government has taken tough steps to fight the coronavirus pandemic and has also taken care of the economy.

"On the one hand we have to safe lives of our people and on the other hand we have to stabilise the economy and speed up the economy," he said.

He said he gets the confidence from farmers, small businesses and entrepreneurs for getting the economic growth back.

"Corona may have slowed our speed (of growth) but India has now moved ahead from lockdown with the phase one of unlock. Unlock Phase-1 has reopened a large part of the economy," he said.

He said intent, inclusion, investment, infrastructure and innovation are crucial for India to revert back to a high-growth trajectory.

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March 27,2020

Mumbai, Mar 27: The RBI on Friday put on hold EMI payments on all term loans for three months and cut interest rate by steepest in more than 11 years as it joined the government effort to rescue a slowing economy that has now got caught in coronavirus whirlwind.

The Reserve Bank of India (RBI) cut repo to 4.4 per cent, the lowest in at least 15 years. Also, it reduced the cash reserve ratio maintained by the banks for the first time in over seven years. CRR for all banks was cut by 100 basis points to release Rs 1.37 lakh crore across banking system.

The reverse repo rate was cut by 90 bps to 4 per cent, creating an asymmetrical corridor.

RBI Governor Shaktikanta Das predicted a big global recession and said India will not be immune.

It all depends how India responds to the situation, he said.

Global slowdown could make things difficult for India too, despite some help from falling crude prices, Das said, adding food prices may soften even further on record crop production.

Aggregate demand may weaken and ease core inflation further, he noted.

The liquidity measures announced include auction of targeted long-term repo operation of 3 year tenor for total amount of Rs 1 lakh crore at floating rate and accommodation under Marginal Standing Facility to be increased from 2 per cent to 3 per cent of Statutory Liquidity Ratio (SLR) with immediate effect till June 30.

Combined, these three measures will make available a total Rs 3,74,000 crore to the country's financial system.

After cutting policy rates five times in 2019, the RBI had been on a pause since December in view of high inflation.

The measures announced come a day after the government unveiled a Rs 1.7 lakh crore package of free foodgrains and cash doles to the poor to deal with the economic impact of the unprecedented 21-day nationwide lockdown.

While the Monetary Policy Committee (MPC) of the RBI originally was slated to meet in the first week of April, it was advanced by a week to meet the challenge of coronavirus.

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