US decision to freeze Palestinian refugee funding to have devastating impact

Agencies
January 17, 2018

The international community has condemned the US government’s ruthless decision to cut more than half of its planned funding to the United Nations agency for Palestinian refugees.

The Arab League on Wednesday warned of the devastating consequences of a US decision to freeze $65 million of Palestinian refugee funding. On the  other hand Kenneth Roth, executive director of Human Rights Watch, said in a Twitter post late on Tuesday that Washington was "holding Palestinian kids' humanitarian needs hostage to political agendas".

The outcry came as the Palestinian president Mahmoud Abbas again blasted Donald Trump’s “sinful” decision to recognise Jerusalem as Israel’s capital.

Washington said on Tuesday it would provide $60 million to the UN Relief and Welfare Agency but would hold back a further $65 million. The US State Department said UNRWA needed to make unspecified reforms.

Both the head of the Arab League and the chief of the UN agency warned that holding back the money would exacerbate hardship, and effect education and health for some of the region’s most vulnerable people.

More than half a million boys and girls in 700 UNRWA schools could be affected by the fund cut, as well as Palestinian access to primary health care.

The cut in funding will effect Gaza in particular, where UNRWA helps much of its population of 2 million.

Jan Egeland, secretary-general of the Norwegian Refugee Council, urged the US government to reverse its decision.  "The move will have devastating consequences for vulnerable Palestinian refugees across the Middle East, including hundreds of thousands of refugee children in the West Bank and Gaza, Lebanon, Jordan and Syria who depend on the agency for their education," he said in a statement on Tuesday.

"It will also deny their parents a social safety net that helps them to survive, and undermine the UN agency's ability to respond in the event of another flare-up in the [Israeli-Palestinian] conflict."

On Twitter, Egeland said: "Cutting aid to innocent refugee children due to political disagreements among well-fed grown men and women is a really bad politization of humanitarian aid. US holds back $65m aid to Palestinians."

The Turkish Mnistry of Foreign Affairs said cuts to UNRWA would "hamper the efforts towards a two-state political solution and regional stability". It also said that Ankara would increase its contributions to the agency.

Yazan Muhammad Sabri, an 18-year-old Palestinian refugee in Dheisheh camp in the occupied West Bank town of Bethlehem, told Al Jazeera last week that "if the wakala [UNRWA] goes away, there will be no education, no healthcare, no sanitation". "There will be nothing - everything will disappear," he said.

Salah Ajarmeh, a 44-year-old refugee living in West Bank's Aida camp, told Al Jazeera that "if the services stop, there will be a revolution". "Palestinian uprisings began in the refugee camps in Jordan and Syria, and this will happen again."

‘International obligation’

Husam Zomlot, head of the Palestine Liberation Organisation's delegation to the US, said in a statement on Wednesday that Palestinian refugees and children's access to basic humanitarian services was "not a bargaining chip but a US and international obligation".

"Taking away food and education from vulnerable refugees does not bring a lasting and comprehensive peace," the statement said.

"Heeding Israeli Prime Minister [Benjamin] Netanyahu's zero-sum game to take Jerusalem off the table and now attempting to dismantle UNRWA, thinking that it would relinquish the rights of Palestinian refugees is a fallacy."

Zomlot was referring to the earlier US decision to recognise Jerusalem as Israel's capital, a move that prompted widespread international condemnation and led Palestinian leaders to say that they would "no longer" accept any peace plan put forward by the US.

Tuesday's announcement on UNRWA came after US President Donald Trump had threatened on January 2 to cut aid to Palestinians.

In a series of tweets, Trump had said: "... We pay the Palestinians HUNDRED OF MILLIONS OF DOLLARS a year and get no appreciation or respect. "... With the Palestinians no longer willing to talk peace, why should we make any of these massive future payments to them?"

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News Network
February 13,2020

New Delhi, Feb 13: Arvind Kejriwal wrote to Delhi Lieutenant Governor Anil Baijal on Wednesday, staking claim to form the government in the national capital, sources said, while hinting that the AAP might not invite senior leaders and chief ministers of other parties for the oath-taking ceremony.

The sources said it was the formal process by the AAP chief, who was elected as the legislature party leader earlier in the day, to stake claim for forming the new government.

Kejriwal, who returned to power in Delhi with a stunning poll victory on Tuesday, will take oath as chief minister for the third consecutive time on February 16.

While the oath-taking ceremony will be open to the public, the Aam Aadmi Party (AAP) was considering not inviting leaders and chief ministers of other parties as it did not wish to be seen as a "confrontationist" against the BJP-led Centre, the sources said.

They, however, added that the party was yet to take a decision on it.

The AAP has planned mobilisation of people for the mega event and all the newly-elected MLAs of the party have been asked to ensure huge participation from their constituencies.

"I request the people of Delhi to attend the oath-taking ceremony of the chief minister at the Ramlila Maidan in large numbers," senior AAP leader Manish Sisodia told reporters, adding that the ceremony will start at 10 am.

The AAP won 62 seats in the 70-member Delhi Assembly, while the Bharatiya Janata Party (BJP) bagged the remaining eight seats. The Congress drew a blank for the second consecutive time in the Delhi polls.

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News Network
January 29,2020

Mumbai, Jan 29: Unfazed by his suspension from flying on Tuesday, stand-up comedian Kunal Kamra on Wednesday claimed that he once again approached television journalist Arnab Goswami, who he said was his co-passenger on a flight from Lucknow, for an "honest discussion" but was turned away.

Kamra tweeted in the morning that "Arnab Goswami was again travelling in his flight while returning from Lucknow". "I again asked him politely if he wants to have a honest discussion he with his verbal arrogant hand jester he asked me to move away & I did that (sic)," he tweeted.

The comedian was suspended from flying by IndiGo and Air India on Tuesday after he allegedly heckled Goswami aboard a Mumbai-Lucknow plane and posted a video clip on his Twitter handle.

While IndiGo suspended Kamra from flying with it for a period of six months, Air India banned him until further notice.

In a statement released on Twitter after he posted the video, Kamra said he did "exactly what Republic TV journalists do to people in their private/public spaces". Kamra stated he had not done anything criminal by allegedly heckling Goswami.

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Agencies
June 18,2020

New Delhi, Jun 18: Reliance Industries Ltd on Thursday said it has sold a 2.32 per cent stake in its digital unit to Saudi Arabia's Public Investment Fund (PIF) for Rs 11,367 crore, taking the cumulative fund raising to about Rs 1.16 lakh crore in two months.

Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms - the maximum reports suggest the company intends to dilute to financial investors.

The investment by Saudi sovereign wealth fund is "at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore", the company said in a statement.

With this investment, Jio Platforms has raised Rs 115,693.95 crore from some of the leading global investment powerhouses at a time when the world is deeply impacted by the coronavirus pandemic, resulting in a recession kind of environment for the global economy.

"With the addition of PIF's investment, Jio Platforms has established partnerships with a marquee set of global financial investors, who will contribute to establishing the Digital Society vision for India," the statement said.

Jio Platforms houses India's biggest telecom firm by subscribers, Reliance Jio. With more than 388 million users, Jio has forced out several rivals and driven consolidation in the sector since entering the market in 2016 with free voice services and cut-price data.

Over the past two months, billionaire Mukesh Ambani's oil-to-telecom conglomerate has announced the sale of about $14 billion of assets, completed a Rs 53,124 crore rights issue and slowed the run rate of new investment by a quarter.

These will help Reliance meet its target of paying off Rs 1.61 lakh crore of net debt by the end of the year.
This is PIF's largest investment into the Indian economy to date.

Ambani, chairman and managing director of Reliance Industries, said, "We at Reliance have enjoyed a long and fruitful relationship with the Kingdom of Saudi Arabia for many decades. From oil economy, this relationship is now moving to strengthen India's New oil (data-driven) economy, as is evident from PIF's investment into Jio Platforms."

Yasir Al-Rumayyan, governor of PIF, commented: "We are delighted to be investing in an innovative business which is at the forefront of the transformation of the technology sector in India. We believe that the potential of the Indian digital economy is very exciting and that Jio Platforms provides us with an excellent opportunity to gain access to that growth."

"This investment will also enable us to generate significant long-term commercial returns for the benefit of Saudi Arabia's economy and our country's citizens, in line with our mandate to safeguard and grow the national wealth of the Kingdom," he said.

The transaction is subject to Indian regulatory and other customary approvals.

Morgan Stanley acted as financial advisor to Reliance Industries and AZB & Partners and Davis Polk & Wardwell acted as legal counsels.

Prior to this deal, Reliance had sold 22.38 per cent of Jio Platforms to investors including Facebook Inc, securing Rs 104,326.95 crore in eight weeks.

Facebook kicked off the party, investing Rs 43,573.62 crore for a 9.99 per cent stake on April 22. This was closely followed by a further Rs 60,753.33 crore in investment.

Silver Lake - the world's largest tech investor - bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore on May 4. It invested another Rs 4,546.80 crore for additional 0.93 per cent stake on June 5, taking its total holding to 2.08 per cent
Private equity KKR and Vista Equity Partners have taken 2.32 per cent stake each for Rs 11,367 crore apiece. KKR invested in Jio Platforms on May 22 while Vista invested on May 8.

Abu Dhabi sovereign wealth fund Mubadala Investment Co picked up 1.85 per cent in Jio Platforms for Rs 9,093.60 crore on June 5. Abu Dhabi Investment Authority on June 7 invested Rs 5,683.50 crore for a 1.16 per cent stake in Jio Platforms.

On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.

Global investment firm TPG on June 13 picked up 0.93 per cent for Rs 4,546.80 crore while L Catterton bought 0.39 per cent for Rs 1,894.50 crore.

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