US sticks to its guns, demands restoration of diplomatic security

December 18, 2013

US_sticks

Washington, Dec 18: Amid rising tensions over the arrest and "barbaric" treatment of an Indian diplomat in New York, the US stuck to its guns saying it acted "appropriately" and demanded restoration of security for its missions in India.

Even as it spoke of a "broad and deep friendship" and an "important relationship" with India, US officials Tuesday expressed no regret, leave aside an "unconditional apology" demanded by India over the arrest and alleged strip search of Devyani Khobragade.

Reacting to a slew of retaliatory measures taken by India in response to the treatment of Khobragade, India's deputy consul general in New York, the State Department spokesperson Marie Harf said "an isolated episode" should not "impact the bilateral relationship."

According to Indian officials, Khobragade, 39, was strip-searched, cavity-searched and swabbed for DNA after her arrest in New York on charges of visa fraud last Thursday, then confined with hardened drug criminals before being released on a $250,000 bail. India's national security adviser Shiv Shankar Menon has called the treatment "despicable and barbaric."

"We understand that this is a sensitive issue for many in India," Harf said. "Accordingly, we are looking into the intake procedures surrounding this arrest to ensure that all appropriate procedures were followed and every opportunity for courtesy was extended."

So far there is nothing to indicate that "anything but appropriate measures were followed" Harf said. "But again, we don't want this to negatively impact our bilateral relationship, and we'll keep talking about it with them on the ground and here," she said.

"The US and India enjoy a broad and deep friendship, and this isolated episode is not in any way indicative of the close and respectful ties that we share and will continue to share," Harf said.

US officials, she said "have conveyed at high levels to the Government of India our expectations that India will continue to fulfill all of its obligations under the Vienna Convention on Diplomatic Relations, and Vienna Convention on Consular Relations."

"Obviously, the safety and security of our diplomats and consular officers in the field is a top priority."

The US, she said, will "continue to work with India to ensure that all of our diplomats and consular officers are being afforded full rights and protections."

"Also, of course, safety and security of our facilities as well is something we take very seriously, and we'll keep working with the Indians on that."

Adding a new dimension to the case, Harf also claimed that the State Department had advised the Indian Embassy "in writing in September of allegations of abuse made by an Indian national against the deputy consul general of India in New York."

"Obviously, we play a role in this, but the Department of Justice also obviously handles the legal aspect of it as well," she said.

However, Harf said she was "not aware" if the Indian Embassy had informed the State Department about a pending court case in India against Khobragade's former India-based domestic assistant, Sangeeta Richard, who

has been absconding since June this year.

The US Secretary of State John Kerry, who is currently in the the Philippines was "aware of what's going on" and the State Department has had "conversations" with the White House about the issue.

Asked if Khobragade was strip-searched, Harf said the State Department was looking into what transpired. While the US State diplomatic security had followed "standard procedures" she could not speak for the US marshals, who took the diplomat into custody.

But in response to specific news media queries about whether a strip search had been conducted on the Indian diplomat, the US Marshals Service confirmed that "standard arrestee intake procedures" were followed.

"Yes, Devyani Khobragade was subject to the same search procedures as other USMS arrestees held within the general prisoner population in the Southern District of New York." It said she had been placed in an "available and appropriate cell," it said in a statement.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

Comments

SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
June 10,2020

New Delhi, Jun 10: Petrol price on Wednesday was hiked by 40 paise per litre and diesel by 45 paise, the fourth straight daily increase in rates after oil PSUs ended an 82-day hiatus in rate revision. Petrol price in Delhi was hiked to Rs 73.40 per litre from Rs 73, while diesel rates were increased to Rs 71.62 a litre from Rs 71.17, according to a price notification of state oil marketing companies.

Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT.

This is the fourth daily increase in rates in a row since oil companies on Sunday restarted revising prices in line with costs, after ending an 82-day hiatus.

In four hikes, petrol price has gone up by Rs 2.14 per litre and diesel by Rs 2.23.

Latest petrol, diesel prices in top cities:

New Delhi: Petrol ₹73.40. Diesel ₹71.62

Gurgaon: Petrol ₹72.86. Diesel ₹64.90

Mumbai: Petrol ₹80.40. Diesel ₹70.35

Chennai: Petrol ₹77.43. Diesel ₹70.13

Hyderabad: Petrol ₹76.20. Diesel ₹70b

Bengaluru: Petrol ₹75.77. Diesel ₹68.09

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News Network
May 13,2020

Lucknow , May 13: Samajwadi Party chief Akhilesh Yadav on Wednesday took a jibe at Prime Minister Narendra Modi over announcing Rs 20 lakh crore special economic package to boost the economy saying that the Centre is again making "false promises to 133 crore Indians".

"Earlier, you promised Rs 15 lakh and now Rs 20 lakh crore. You have made false promises 133 times with 133 crore Indians. How can someone trust you this time? People now are not asking how many zeroes there are but how many false promises have been made," he tweeted (translated from Hindi).

Yesterday, Prime Minister Narendra Modi had announced a Rs 20 lakh crore economic stimulus package for the country fighting COVID-19, stating that it will give a new impetus and a new direction to the self-reliant India campaign.

The Prime Minister had also announced that the fourth phase of lockdown will be completely redesigned with new rules and will commence from May 18.

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