Successful Conclusion Of G20 Meet Lesson For Trouble Makers: J&K Lt Governor

The successful conclusion of the third tourism working group meeting of the G20 countries here is a huge lesson for those who have frequently tried to foment trouble in Jammu and Kashmir, Lieutenant Governor Manoj Sinha said here on Thursday.

"The tourism meeting of the G20 countries concluded on May 25. The successful G20 meeting in J-K is not only a matter of happiness for the country, but a huge lesson for those who have frequently tried to create trouble in J&K," Sinha said, addressing a function at SKICC here.

The LG said such a large number of people could only participate because of the dawn of change ushered under Prime Minister Narendra Modi's leadership since 2019, the year the Centre abrogated Article 370. "I do not want to go into the details, but the achievements made in various sectors in Jammu and Kashmir, have increased the belief of the people in the administration and the current PM," Sinha said.

Jammu and Kashmir has come a long way and places like Shopian or Pulwama districts in south Kashmir, which the country knew for other reasons, saw the participation of more than 10,000 youths in the Tiranga yatra, the LG said.

"These youths chanted 'Bharat Mata ki Jai' carrying Tiranga in their hands. This is the change Jammu and Kashmir has witnessed in the last three years. We resolve to work towards the target set by the PM for Jammu and Kashmir. Undoubtedly, not only will J&K integrate with India, but it will also have an important contribution towards developed India," Mr Sinha said.

He was addressing the World Milk Day Celebration and summer meet for Animal Husbandry and Dairy Sector Union Minister for Fisheries, Animal Husbandry and Dairying Parshottam Rupala presided over the event.

Mr Sinha said the celebration of World Milk Day here is an opportunity to acknowledge the contribution of dairy farmers. "Dairy makes an important contribution to the prosperity of the society and to the well-being and economic activity of the farming families. The UT government attaches the highest importance to sustained increase in productivity and growth of the dairy sector," he said.

The Lt Governor highlighted the contribution of the dairy sector in giving impetus to the rural economy and providing livelihood to a large population associated with the sector. Mr Sinha said Jammu and Kashmir administration is strengthening its ties with other states and even countries to transform the livestock and dairy sector and to improve farmers' income.

The government has its focus on fodder production, improving wool quality, and addressing issues like inbreeding, he said, adding, the Union Territory will soon become self-sufficient in fodder production with 80 per cent of fodder being grown locally.

The LG also spoke on the Holistic Agriculture Development Programme (HADP) and gave suggestions to the farming community on how to get easy credit access, stressing them to become a part of the banking system. He also said the people of Jammu and Kashmir must identify 25 potential projects in agriculture and allied sectors and rope in reputed universities to work out strategies to see them through, he said. The Lt Governor also urged the Centre to consider Jammu and Kashmir for international funding like other Himalayan states. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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Court Orders SpiceJet To Pay Rs 75 Crore To Kalanidhi Maran, His Airline

The Delhi High Court has directed SpiceJet to deposit "forthwith" Rs 75 crore that has to be paid to media baron Kalanidhi Maran and his Kal Airways towards interest on an arbitral award of Rs 578 crore.

The high court said, admittedly, there is no modification of the February 13, 2023 order passed by the Supreme Court in the case, and hence it needs to be followed.

“Since the judgment debtor (SpiceJet) had failed to pay an amount of Rs 75 crores to decree holder (Maran and Kal Airways), hence in terms of para 15 (ii) of the order dated February 13, 2023 of the Supreme Court, there is no other alternative except to call upon the judgment debtors to deposit the entire outstanding amount qua interest forthwith, thus is so directed. Affidavit of assets be also filed within four weeks from today,” Justice Yogesh Khanna said in an order passed on May 29.

The top court, in its February 13 order said "The appellant (SpiceJet) shall, within a period of three months, pay an amount of Rs 75 crores to the respondent (Maran and Kal Airways) towards the liability on account of interest pending the disposal of the petition…” On November 2, 2020, the high court had asked the airline to deposit around Rs 243 crore as interest in connection with the share transfer dispute with its former promoter, Maran, and Kal Airways.

On November 7, 2020, the top court had stayed the high court order.

On February 13 this year, the top court said the bank guarantee of Rs 270 crore of SpiceJet must be encashed immediately and the money be paid to Maran and Kal Airways towards dues from the arbitral award.

It said it had directed SpiceJet to pay within three months Rs 75 crore to Maran and Kal Airways towards the interest component on the arbitral award.

However, on May 29, the high court was informed that SpiceJet has not paid the interest amount.

Maran's counsel said the interest liability, which was Rs 362.49 crore, has since increased to Rs 380 crore and so the decree holder insists for compliance of the February 13 order of the top court.

The SpiceJet's lawyer, however, submitted they have already paid the principal amount of Rs 579.08 crore and now the payment with respect to only the interest is pending.

The lawyer said the company has already moved an application before the Supreme Court for extension of time by three months to the judgment debtor to make payment of Rs 75 crore to the decree holder.

The counsel said since the judgment debtor has filed an application before the Supreme Court for extension of time, it be not directed to deposit the balance amount.

Filing of such an application was disputed by the counsel for Maran who said this court has no power to extend the time limit as was granted by the top court.

The high court agreed with the submission of Maran's lawyer and said the explanation appears to be plausible as, admittedly, there has been no modification to the February order of the top court which needs to be followed.

SpiceJet and its promoter Ajay Singh were asked to deposit around Rs 243 crore as interest payable on Rs 578 crore, which the high court had, in 2017, asked the airline to deposit under the 2018 arbitration award in the share-transfer dispute.

The high court had granted six weeks to SpiceJet to make the payment and the deadline for the same expired on October 14, 2020.

After this, Maran and his firm had moved the high court for attachment of the entire shareholding of Singh in Spicejet and taking over the management for non-payment of Rs 243 crore.

The top court had taken note of Spicejet's appeal and passed the interim order, staying the high court order.

Maran and Kal Airways had moved the high court over the share-transfer dispute, with SpiceJet demanding that 18 crore warrants redeemable as equity shares be transferred to them.

The high court had directed SpiceJet and Singh to deposit Rs 578 crore in the high court's registry.

SpiceJet was permitted to furnish a bank guarantee for Rs 329 crore and make a cash deposit of the remaining sum before the high court.

The top court had, in July 2017, dismissed SpiceJet's appeal against the high court order.

On July 20, 2018, the arbitral tribunal rejected Maran's claim of damages of Rs 1,323 crore for not issuing the warrants to him and Kal Airways but had awarded him a refund of Rs 578 crore plus interest.

Maran, the owner of Sun TV Network, then moved the high court against the arbitration award.

The matter pertained to a dispute arising out of the non-issuance of warrants in favour of Maran after the transfer of ownership to Singh, the controlling shareholder of SpiceJet.

The dispute started after Singh took back control of SpiceJet in February 2015 amid the airline facing a financial crisis.

Maran and Kal Airways had transferred their entire Rs 35.04 crore equity shares in SpiceJet, amounting to a 58.46 per cent stake in the airline, to its co-founder Singh in February 2015 for just Rs 2. PTI SKV SKV SK

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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पटना में होने वाली विपक्षी दलों की बैठक में जरूर भाग लेंगे: कांग्रेस

नई दिल्ली: कांग्रेस बिहार के मुख्यमंत्री नीतीश कुमार द्वारा पटना में 12 जून को बुलाई गई बैठक में जरूर भाग लेगी, लेकिन इसमें पार्टी की तरफ से कौन शामिल होगा, इसका फैसला पार्टी अध्यक्ष मल्लिकार्जुन खरगे और अन्य नेता मिलकर करेंगे.

पार्टी महासचिव जयराम रमेश ने बृहस्पतिवार को यहां संवाददाताओं से कहा, ‘‘12 जून की बैठक में कांग्रेस जरूर भाग लेगी. कांग्रेस की तरफ से कौन जाएगा, इस बारे में जानकारी अभी नहीं दे सकता. इस पर कांग्रेस अध्यक्ष और अन्य नेता चर्चा करेंगे और 12 जून से पहले इसकी जानकारी मिल जाएगी.''

उल्लेखनीय है कि जनता दल (यूनाइटेड) के शीर्ष नेता नीतीश कुमार आगामी लोकसभा चुनाव के मद्देनजर पिछले कुछ महीनों से विपक्षी एकजुटता का प्रयास कर रहे हैं. इस प्रयास के तहत वह कांग्रेस अध्यक्ष खरगे समेत कई विपक्षी नेताओं से मुलाकात कर चुके हैं. नीतीश ने इसी प्रयास के तहत 12 जून को पटना में विपक्षी नेताओं की बैठक बुलाई है.

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WhatsApp Blocked 74.5 Lakh Accounts In India Last Month

Mobile messaging platform WhatsApp took action on about 5 per cent grievances it received in April, the company's India monthly report under IT rules said on Thursday.

WhatsApp blocked 74,52,500 Indian accounts in April out of which 2,469,700 were proactively banned, before any reports from users, said the report.

The company received 4,377 complaints from users in April.

However, it took action on only 234 complaints or about 5 per cent of the total complaints.

The statistics shared by WhatsApp shows that it received 4,100 appeals to ban accounts, out of which it took action only on 223 accounts.

"We respond to all grievances received except in cases where a grievance is deemed to be a duplicate of a previous ticket. An account is 'actioned' when an account is banned or a previously banned account is restored, as a result of a complaint," the report said.

WhatsApp report shows that the Grievance Appellate Committee (GAC) issued it two orders and the company complied with both of them.

The GAC looks after complaints from users not satisfied with resolution of complaints by the social media platforms.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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India, China Agree To Hold Next Round Of Military Talks Soon Over Ladakh

India and China on Wednesday held in-person diplomatic talks here and discussed proposals for disengagement in the remaining friction points along the Line of Actual Control (LAC) in eastern Ladakh in a "frank and open manner".

The Ministry of External Affairs (MEA) said restoration of peace and tranquillity will create conditions for normalising bilateral relations and to this objective both sides agreed to hold the next round of military talks at an early date.

The meeting took place under the framework of Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC).

"The two sides reviewed the situation along the LAC in Western Sector of India-China border areas and discussed proposals for disengagement in remaining areas in a frank and open manner," the MEA said.

"Restoration of peace and tranquillity will create conditions for normalising bilateral relations," it said.

"In order to achieve this objective, in accordance with existing bilateral agreements and protocols, they agreed to hold the next (19th) round of Senior Commander's meeting at an early date," the MEA said in a statement.

It said the two sides agreed to continue discussions through military and diplomatic channels.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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"UPA Left Shattered Economy": Union Minister On Morgan Stanley Report

Morgan Stanley's report on how India under Prime Minister Narendra Modi has transformed and gained a position in the world order in less than a decade is the "best and sharpest indictment" of the Congress-led UPA's "lost decade between 2004 and 2014", Union Minister Rajeev Chandrasekhar said on Wednesday.

Speaking to PTI, he said the report reminds Indians how the Congress-led UPA had in 2014 left "a shattered economy". Nine years later, India has emerged as one of the fastest-growing economies in the world with record FDI, the minister said.

"This report that says how India is transformed in less than a decade under Prime Minister Narendra Modi is in my opinion the best and sharpest indictment of the UPA's lost decade between 2004 and 2014," he said.

In the report, Morgan Stanley said significant scepticism about India, particularly with overseas investors, ignores the significant changes that have taken place in India, especially since 2014.

Rejecting criticism that India has not delivered its potential (despite it being the second-fastest-growing economy and among the top-performing stock markets over the past 25 years) and that equity valuations are too rich, saying such a view ignores the systematic reforms in the last nine years.

Chandrasekhar said, "The report goes into details and it reminds Indians that how in 2014 the Congress' UPA had left a shattered economy, almost 14 quarters of runaway inflation, 12 quarters of decline in economy and industrial production, investors running away from the country, a broken financial sector that was characterised by crony corrupt lending by banks, and international big investors like Telenor, Nokia running away from India." "That was the situation in 2014 that this report has rightfully captured," he told PTI.

The Union minister said India has come through the Covid pandemic, one of the "most disruptive times" in the history of the world, and emerged as a stronger nation that has earned "all the respect of the world".

"Whether it is the formalisation of the economy, tax rates that are comparative with the world, and infrastructure... We have become the largest infrastructure in the world today.

"We are the fastest growing innovation economy in the world. We are becoming a technology power in the world... Most importantly, from the eleventh largest economy in the world, we have become the fifth in a short span of nine years under Prime Minister Narendra Modi," he added.

Chandrasekhar said the report indicates that Prime Minister Modi has not only been working for the growth of the nation but he has expanded the economy and brought stability and security.

"He has created good governance despite the fact that in 2014 the UPA and the Congress government had left a total mess for Prime Minister Modi ji to inherit," he added.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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जीडीपी के आंकड़े बता रहे, भारतीय अर्थव्यवस्था तेजी से बढ़ रही : विशेषज्ञ

सकल घरेलू उत्पाद (GDP) वृद्धि दर के आंकड़े स्पष्ट रूप से बताते हैं भारतीय अर्थव्यवस्था मार्च, 2023 तिमाही के बाद से तेज गति से बढ़ रही है. उद्योग मंडलों के अनुसार विनिर्माण और कृषि जैसे क्षेत्र आर्थिक गतिविधियों को गति दे रहे हैं.

आर्थिक वृद्धि दर मार्च तिमाही में 6.1 प्रतिशत जबकि पूरे वित्त वर्ष 2022-23 में 7.2 प्रतिशत रही. इस वृद्धि के बाद देश की अर्थव्यवस्था 3.3 लाख करोड़ डॉलर की हो गई है और इसने अगले पांच वर्षों में पांच लाख करोड़ डॉलर के लक्ष्य का मंच तैयार कर दिया है.

वित्त वर्ष 2021-22 में आर्थिक वृद्धि दर 9.1 प्रतिशत रही थी.

उद्योग मंडल ऐसोचैम के महासचिव दीपक सूद ने कहा, “वित्त वर्ष 2022-23 के सकल घरेलू उत्पाद (जीडीपी) के आंकड़ों पर नजर डालें तो स्पष्ट संकेत दिखता है कि मार्च तिमाही से भारतीय अर्थव्यवस्था ने विनिर्माण, निर्माण और वित्तीय सेवाओं जैसे क्षेत्रों में तेजी से वृद्धि की है.”

उन्होंने कहा कि कच्चे तेल सहित अन्य कच्चे माल की कीमतों में नरमी और ब्याज दर के उच्च स्तर पर पहुंचने को देखते हुए इसके आने वाले समय में इसी रफ्तार से आगे बढ़ने की उम्मीद है.

उद्योग मंडल पीएचडी चैम्बर्स ऑफ कॉमर्स एंड इंडस्ट्री के अध्यक्ष साकेत डालमिया ने कहा कि सकल स्थिर पूंजी निर्माण स्थिर कीमतों पर जीडीपी के 34 प्रतिशत पर रहना उत्साहजनक है. यह रोजगार सृजन की प्रबल संभावनाओं के साथ अर्थव्यवस्था में पूंजी व्यय बढ़ने का संकेत देती है.

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