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Jet Airways secures loan from PNB, shares jump over 4 pc

Cash-strapped Jet airways has something to cheer about. Shares of Jet Airways gained over 4 per cent on Monday amid reports that it has secured a loan worth over Rs 2,000 crore from Punjab National Bank (PNB).

Intra-day, the stock rose 4.68 per cent to a high of Rs 254.50 on BSE. Similarly, on NSE, the scrip rose to an intra-day high of Rs 255, up 4.83 per cent.

According to a report, the airline has raised loan worth Rs 1,100 crore and a non-fund based credit facility of Rs 950 crore from PNB. It said the loan has been raised through two separate agreements with the state-run bank. Under one agreement, Jet Airways received a credit facility of Rs 1,050 crore, and a non-fund based facility of Rs 700 crore. The other agreement has a credit facility of Rs 1,000 crore that includes a term loan of Rs 750 crore and a non-fund based facility of Rs 250 crore, the report added.

Ethiopian Airlines crash: Four Indians among 157 killed

The Nairobi-bound Boeing 737 that crashed after an early-morning takeoff from Addis Ababa on Sunday, had four Indian travellers also. The crash killed all 149 passengers and eight crew on board. The four Indian nationals have been identified as Shikha Garg, Vaidya Pannagesh Bhaskar, Vaidya Hansin Annagesh and Nukavarapu Manisha.

Ethiopian Airlines said Kenya had the largest number of casualties with 32, followed by Canada with 18, Ethiopia with nine, then Italy, China, and the United States with eight each. Britain and France each had seven people on board, Egypt six, the Netherlands five and India four. People holding passports from 32 countries and the UN were on board the plane which ploughed into a field just 60 kilometres (37 miles) southeast of Addis Ababa, the carrier’s CEO Tewolde GebreMariam told journalists in the capital, lamenting this “very sad and tragic day.”

State-owned Ethiopian Airlines, Africa’s largest carrier, said the ill-fated Boeing 737-800MAX had taken off at 8:38 am (0538 GMT) from Bole International Airport and “lost contact” six minutes later. Scheduled to land in Nairobi at 10:25 am (0725 GMT), it came down instead near the village of Tulu Fara outside Bishoftu, creating a massive crater at the crash site.

The plane’s maker, US giant Boeing, said it was “deeply saddened to learn of the passing of the passengers and crew on Ethiopian Airlines Flight 302, a 737 MAX 8 airplane. “We extend our heartfelt sympathies to the families and loved ones of the passengers and crew on board and stand ready to support the Ethiopian Airlines team.”

The Boeing 737-800MAX is the same type as the Indonesian Lion Air jet that crashed last October, 13 minutes after takeoff from Jakarta, killing all 189 people on board.

Balakot Airstrike: Focus on the Broad Picture

While speaking to a news channel during January last year on the issue of any military misadventure attempted by India, Director General of Pakistan Army’s media wing Inter Services Public Relations (ISPR) Maj Gen Asif Ghafoor had said, “Well, it’s their choice. Should they wish to test our resolve, they may try and see it for themselves!” A year and one month later, just after the horrific Pulwama suicide terror attack on a CRPF convoy orchestrated by Jaish-e-Mohammad (JeM), Pakistan Army Chief Gen Qamar Javed Bajwa once again spoke of how “Any (Indian) aggression or misadventure shall be paid back in same coin.”

After this dastardly attack, Prime Minister Narender Modi had vowed that “every Pulwama teardrop would be avenged.” But when over a week went by and nothing happened, it seemed that the Pakistan Army Chief’s stern warning had dissuaded New Delhi from ‘doing an Uri’. But just four days later, the Indian Air Force (IAF) struck Pakistan and it struck really hard and deep! Using Mirage 2000 fighter jets equipped with state-of-the-art weaponry, the IAF successfully took out three suspected JeM facilities and returned to base safe and sound. Within hours Pakistan Air Force (PAF) launched a retaliatory strike but its fighter aircrafts were forced to prematurely drop their bombs after being intercepted by the IAF. In the ensuing dogfight, Wing Commander Abhinandan Varthaman of the IAF flying a MIG 21 Bison chased and shot down a PAF F16 fighter jet before his aircraft was hit by an AMRAAM 120 C missile fired by Pakistan’s F16 jet.

After Pakistan army posted raw videos of Wg Cdr Abhinandan being mercilessly roughed up by locals while Pakistan Army soldiers behaved like mute spectators, public temper ran high in India. But luckily, good sense seems to have prevailed as Islamabad decided to repatriate him without any preconditions and did not attempt to violate Indian air space thereafter. This did help to reduce tensions but by escalating ceasefire violations and intentionally targeting Indian villagers residing in close proximity of the Line of Control (LoC), Pakistan Army, which is still smarting under the humiliation of the 2016 surgical strikes, has made it clear that it is in no mood to de-escalate.  

The air strikes against JeM assets mark a paradigm shift in India’s response to terrorist attacks that are being masterminded and facilitated from across the LoC. After the 2016 Uri Attack, India defended its right to attack terrorist launch pads in Pakistan-occupied Kashmir (PoK) on the grounds that since PoK was Indian territory under illegal occupation of Pakistan, its army hadn’t violated the territorial sovereignty of Pakistan by crossing the LoC. But by using the IAF to destroy the Balakot JeM facility situated in the Khyber Pakhtunkhwa province of Pakistan, New Delhi has raised the bar by making it clear that henceforth taking military action against terrorist infrastructure would take precedence over the territorial sovereignty rights of complicit nations.  

Despite facing international criticism and severe embarrassment of being put on the ‘grey list’ by Paris-based Financial Action Task Force (FATF) for not clamping down on terror funding, the Pakistan Army continues to patronise various terrorist groups. Therefore, it is obvious that sporadic military actions like the post-Uri surgical strikes and the Balakot airstrike will not end the flow of terrorists into J&K and other parts of India. Nevertheless, this action indicates an assertive national will to take on terrorism by its horns through the combination of a sustained diplomatic offensive to expose and isolate Pakistan for aiding and abetting terror related activities in J&K. This along with the capability to ‘punish’ Pakistan militarily and economically can certainly keep things under control.

Regrettably, the nation has lost a lot due to the politicisation of these airstrikes and political parties across the board are equally to be blamed for this. The Prime Minister deserves credit for taking this bold and unprecedented decision in national interest, which would have won him public appreciation. Therefore there was just no reason for members of the ruling party to display crass opportunism and a perverse appetite for seeking glory by hyping this action.  Similarly, in trying to discredit the government by questioning the veracity of the airstrikes, opposition parties have literally cut the nose of IAF just to spite the government’s face. Hence all political parties owe the armed forces an unqualified apology for trivialising their valour and casting unfounded aspersions on the professional capability and integrity of men in uniform, which has only helped the beleaguered Pakistan Army to save face.

Thanks to our netas and their shameful attempts to serve their own vested interests, the wood has been lost for the trees because instead of realising the tremendous advantages of the Balakot airstrike and capitalising upon the same, they are busy debating the number of terrorists killed and publically lamenting our outdated aircrafts. Anyway, while politicians squabble over petty things, let’s celebrate the Balakot airstrike because–

  • It has completely shattered the myth about the invincibility of the Pakistan armed forces. This is the second time that India has struck across the LoC.  Though Prime Minister Imran Khan defiantly announced that he had authorised Pakistan armed forces to “respond decisively and comprehensively to any aggression or misadventure by India,” as per DG ISPR’s own admission, all PAF did in retaliation to the Balakot air strike was that it “locked all targets with accuracy” but “carried out strikes in open air” (This may sound amusing but it’s true!)
  • Whereas India’s “pre-emptive, non military” strike against terrorist infrastructure on foreign soil has been internationally accepted, Pakistan’s patronage of terrorist groups has once again come under heavy flak and Islamabad has been forced to act against proscribed terrorist groups. Even if this is just eyewash, the fact is that it buttresses India’s claim of cross border terrorism emanating from Pakistan which has once again severely embarrassed Islamabad.  
  • It has once again exposed Islamabad’s proclivity for being economical with the truth. DG ISPR originally claimed that two IAF aircrafts had been shot down by PAF and that out of the three Indian pilots who had bailed out and landed in Pakistani territory, one was being treated for injuries at the combined military hospital. But within hours he had to admit that Pakistan had only one pilot in its custody. His claim that non F16 fighters were used on February 27 was also disproved when the IAF displayed remnants of an AMRAAM 120 C missile that can only be fired from an F16 which was recovered from Indian territory.
  • With Pakistan Foreign Minister Shah Mehmood Qureshi confirming that JeM chief Masood Azar was present in Pakistan and Maj Gen Ghafoor subsequently denying it, the duplicity of Pakistan Army’s much hyped war against terror has once again been exposed.
  • Due to the fear of similar strikes in future, Government of Pakistan, which is near bankruptcy, will be forced make additional budgetary allocations in its defence budget thereby further aggravating its already very fragile financial condition. It has already granted nearly Rs 8 billion to meet PAF’s immediate requirements and would have to increase this amount several times over in order to match Indian armed forces. Since this money will have to be diverted from infrastructure development and subsidy related programmes, this ‘economic pain’ inflicted on Islamabad could lead to more serious in-house introspection on the issue of using terrorism as state policy.

The best part about the Balakot airstrike is that it has firmly institutionalised the long overdue policy of punitive military response against those who target Indians. The biggest takeaway is that hereafter every government that comes to power will have to follow this doctrine of retaliation. Resultantly, those wanting to mess around with India cannot do so with impunity any longer as now onwards they will have to factor-in the heavy ‘cost’ of any misadventure.

Pakistan: Reeling under the impact of self-created fault lines

The high tension created by face-off between India and Pakistan post the barbaric terrorist attack on the Indian Central Reserve Police Force (CRPF) convoy at Pulwama, Kashmir, in mid-February has witnessed a drawback, much to the relief of the two countries and the world at large. Pakistan seems to be considerably chastened and willing to take some steps on to assuage the global perception of it being the hub for international terrorist activities. It has moved to implement the ban on the terrorist organisation Jaish-e-Mohammad (JeM) that has claimed responsibility for the Pulwama attack; senior functionaries of the terror outfit have been taken into custody even as the head terrorist, Masood Azar, gets medical treatment under Pakistan Army arrangements. A lot of publicity is being given to the fencing work going on along the western border with Afghanistan. The underlying intention, quite obviously, is to project to the United States their resolve to stop Afghan Taliban’s ingress into their country.

The aforementioned actions have been necessitated due to the fragile economic and diplomatic condition that Pakistan is facing due to the fault lines that have come to the fore because of the same.

The panic stricken Pakistan Army is thinning out from the western border with Afghanistan and the space thus created is being filled by the Baloch fighters and Taliban militants. The incident of Baloch fighters capturing a Pakistan military camp in Gishkam area of Awaran district is a testimony of their increased influence and taking over the strategic space. The situation is expected to further deteriorate in the near future as the Pakistan Army keeps building up towards its eastern borders with India. It is notable here that post the 9/11 terrorist attack on the US World Trade Center, Pakistan had thinned out troops on the eastern border with India. India did take advantage of the weakening of Pakistani defences.

The panic move of forces from all the directions towards the border with India has also taken a debilitating toll on the already fragile Pakistan economy. This apart, Pakistani economy has taken a big hit due to the roll-back of Most Favoured Nation (MFN) by India. A country with a robust economy like India would not be affected by such measures but for Pakistan it has come as a body blow.

Pakistan has assured China that it will provide all security to the China Pakistan Economic Corridor (CPEC). The Chinese Ministry of Foreign Affairs has stated “China appreciates measures Pakistan has taken for the security of CPEC, effectively protecting the corridor projects and safety of Chinese citizens,” after Pakistan deployed a Division size force for protection of the same. With move of forces towards the eastern border, CPEC is now at the mercy of militants. The success or failure of CPEC lies in the provision of fool proof security which now has been compromised with the army pulling out due to the so-called threat from India. There is this possibility of the project facing a huge delay and even a roll back, something that Pakistan can ill afford.

Despite the creation of immeasurable fault lines in the wake of the Pulwama misadventure, Pakistan is not ready to extend a hand of peace and friendship towards India. The Line of Control (LOC) is heated up with both sides resorting to intensive firing. India has reported civilian casualties and so has Pakistan. The media of the neighbouring country is blatantly blaming India for the escalation which is quite untrue since the ceasefire violations are being initiated by the other side. Newspapers in Pakistan continue to remain in denial with regard to the downing of the F-16 fighter aircraft of their country. The decision of Prime Minister Imran Khan to release Wing Commander Abhinandan has witnessed a fair degree of opposition in Pakistan from the political class as well as the media. Veteran army officers have spoken against the same on Television. Hamid Mir, a noted Pakistan journalist presently working with Geo News tweeted, “Nawaz Sharif Govt release Indian pilot after 8 days captivity and lost his Govt within 6 months in 1999.”

On the positive side, a surprise package in the whole situation is the Pakistani middle class and educated society that has taken to the streets to raise a voice against war and had put up a strong demand for the release of the Indian pilot. An organisation named “Women in struggle for empowerment” carried out a rally in Lahore against escalation of the situation into an all out war. They carried banners saying “war is not a solution” and “Women against war.” Other banners demanded “Safe return of Abhinandan Varthaman” with hash tags of #NoToWar, #IStandAgainstHatred, #ProfilesforPeace etc. It is this voice that should gain centrality in the Pakistani though process.

The movement of Pakistan Army towards the border with India is unwarranted; it is unnecessarily raising the escalation levels and can lead to a confrontation that Pakistan is incapable of absorbing. The Pakistani Army is keeping its cards close to its chest; it has maintained absolute silence, preferring to leave the talking to political set up and to its media. It is hoped that Pakistan will not allow its narrative to be guided by its Army as hither-to-fore and will believe the solemn commitment given by India that her fight is only against terror and not the country as a whole. The gullible populace of Pakistan should not remain sedated by Pakistan Army’s call for a response to the so-called escalating threat from India.

While continuing with a strong diplomatic initiative and economic pressure on Pakistan, India would do well to remain conscious of the primary decision making role of the Pakistan Army and remain wary of its next move of which there is no indication whatsoever. No let down in vigilance and absolute preparedness to meet all contingencies should remain in place till Pakistan gives definite indication on ground of having winded down the terrorist camps. Along with this the Pakistan Army will need to demonstrate its readiness to roll back the military build up on its borders with India.

Lok Sabha elections: Polling from April 11 till May 19, Results on May 23

The Lok Sabha election will be held in seven phases from 11 April and the results will be announced on May 23, the Election Commission announced on Sunday. Voting will be held across India on April 11, April 19, April 23, April 29, May 6, May 12 and May 19. CEC Sunil Arora said that the Model Code of Conduct has come into force as it announced the dates for the elections to 17th Lok Sabha.

Speaking about the number of voters, the CEC Sunil Arora said that the total electorate will be in the vicinity of 900 million or 90 crore of which 15 million or 1.5 crore are in the age group of 18-19 years

Polling Schedule:

Polling in single phase: Andhra Pradesh, Arunachal Pradesh, Goa, Gujarat, Haryana, Himachal, Kerala, Meghalaya, Mizoram, Nagaland, Punjab, Sikkim, Telangana, Tamil Nadu, Uttarakhand, Andaman, Dadra & Nagar Haveli, Daman & Diu, Lakshwadeweep, Delhi, Pomdicherry, Chandigarh.

Polling in 2 phases: Karnataka, Manipur, Rajasthan, Tripura

Polling in 3 Phases: Assam, Chattisgarh

Polling in 4 Phases: Jharkhand, Madya Pradesh, Odisha, Maharashtra

Polling in 5 Phases: J&K

Polling in 7 Phases: Bihar, UP & West Bengal

Breaking: UNDRIP, Alive

By Scott Douglas Jacobsen

The government of British Columbia will be introducing legislation in order to implement an international document relating to the Indigenous rights of the Indigenous peoples of Canada.

The document is a declaration entitled the United Nations Declaration on the Rights of Indigenous People (UNDRIP). This was announced in a recent throne speech.

This would make British Columbia the first province in the country to legislate the endorsement of Canada of the UNDRIP. British Columbia Premier John Horgan stated that he remains unsure as to what this may look like but the legislative councils are working on solutions.

“I know it will be more than symbolic,” Horgan said, “We need to address reconciliation in British Columbia, not just for social justice… but for economic equality for all citizens, Indigenous and non-Indigenous.”

During the campaign trail for Horgan, there was a promise to respect, recognize, and implement the 46 articles of the UNDRIP. Those recognized as human rights for Indigenous peoples around the world. One of which is the right to self-determination. Other peoples have it. Therefore, Indigenous peoples should have it. That’s elementary.

The UN Member States with Indigenous peoples and questions surrounding land and territory should acquire free, prior, and informed consent (FPIC) in order to ensure the rights of Indigenous peoples are respected in these areas.

Horgan’s NDP campaigned on a promise to implement UNDRIP, which includes 46 articles meant to recognize the basic human rights of Indigenous Peoples’ along with their rights to self-determination.

Horgan stated, “For too long uncertainty on the land base has led to investment decisions being foregone, and I believe that that hurts Indigenous people and it hurts other British Columbians.”

Scott Douglas Jacobsen is the Founder of In-Sight: Independent Interview-Based Journal and In-Sight Publishing. He authored/co-authored some e-books, free or low-cost. If you want to contact Scott: Scott.D.Jacobsen@Gmail.com.

Photo by Michael Glass on Unsplash

Sex With a Side of Humanism, in the City

Female roles in Hollywood and women in the movie and television industry continue to make further strides due, mostly, to their own efforts and activism for recognition, respect, and equal treatment with the men in the industries and on the screen.

Sarah Jessica Parker spoke on feminism and humanism. In the call for better roles for women, she remarked how this is not simply a feminist issue but, in actual fact, a humanist issue, broadly speaking.

Part of this may be due to the stigmatizing of the term “feminist.” Another part may be due to the universalist nature of the implications, in terms of direct representations, of the term “humanist.”

Of course, the terminology of feminism, in its traditionalist meaning, is universalist, as in women and men recognized as social and legal equals. Humanist simply moves this out into the level of the species.

“The actor reiterated this sentiment in a recent interview, explaining that she believes the LGBT+ community must be included when discussing better representation in film,” the Independent reported, “When questioned over whether or not female actors are being offered higher calibre roles than they have done in the past, the actor stated that she doesn’t feel as though she’s ‘equipped to speak to the quality across the board.’”

Parker’s hope is for the quality parts in movies and television will be part of the industry, not simply as a “call-to-arms” for feminists but, in fact, a general movement for the furtherance of humanism.

A humanist is someone who does not identify with the supernatural — not necessarily the rejection of the metaphysical but the supernatural — and emphasizes human reason, compassion, and science, in addition to their inherent limitations as evolved organisms.

Both respect the human rights of men and women. In that, there is a wide overlap in their outlooks.

“People of colour, gays, lesbians, and transgenders who are carving out this space. I’m not spitting in the face or being lazy about what still needs to be done — but I don’t think it’s just women anymore,” Parker said in 2015, in Cosmopolitan.

She further explained how the movement within the television and movie industry could be even more powerful if this was identified with the humanist movement. Others have proclaimed this as, in essence, an evasion tactic with the aforementioned demonization of the term feminist.

While, at the same time, these can both be true positions; the shift into humanist language may be more powerful than the limitations, currently, of the plurality of feminisms on offer.

But this could also lead to a similar problem with a wide range of humanisms on offer as well. As there is a wide range of humanisms, indeed, these can range from the deistic humanists to the atheistic humanists, and never the two meeting.

The world is complicated; people similarly so. Meryl Streep was also on record as identifying as humanist because of being for “nice easy balance,” which does reflect the casual style and flavor of thinking of the actress.

In addition, Susan Sarandon described her view of humanism too. It is not simply about the distinction but more about the overlap and then the appropriateness of the term to social context.

But certainly, these identifications as humanist by prominent women is an important aspect of the work to modernize the views of the humanist world and, as importantly, getting the title out into the mainstream sphere through prominent and respectable actresses.

Photo by asoggetti on Unsplash

Nirav Modi’s extradition request moved to the next level: ED

After a video went viral showing Nirav Modi leisurely strolling on the road in London, Enforcement Directorate has said that UK’s home secretary has recently referred India’s request for extraditing PNB scam accused Nirav Modi to a court for initiating legal proceedings against the diamantaire.

“Request for extradition of Nirav Modi to India was sent in July 2018 to the UK. The UK Central Authority of Home Office has confirmed that the extradition request has been sent to the Westminster Magistrate Court for the district judge for further proceedings,” the agency said in a statement. The move takes the process of extraditing and bringing back Nirav Modi to face the law in India to the next stage, the sources said.

Soon, they said, a joint team of the ED and the Central Bureau of Investigation (CBI) would travel to the UK to apprise the lawyers about the Indian case and evidence against Nirav Modi, in a similar fashion that was done in the case of another absconding bank-fraud accused, Vijay Mallya.

A British daily Saturday reported that Nirav Modi, accused in the USD 2-billion Punjab National Bank (PNB) scam, is living in a swanky 8-million pound apartment in London’s West End and is now involved in a new diamond business.

The ED and the CBI are investigating Nirav Modi, his uncle Mehul Choksi and others for alleged money laundering and corruption to perpetrate the alleged scam in the Brady House branch of the PNB in Mumbai that was unearthed last year.

Early marriage chief factor impacting girls’ education: Study

On International Women’s Day, the Child Rights and You (CRY) released a study that focuses on the enablers and disablers that significantly impact access and continuation of girls’ education. It also explores the role of incentive schemes for boosting girl child education in India. The study was conducted with more than 3,000 interviewees from 1,604 households across the four states.

The study found that dependency on someone to go to school is the biggest disabler for girls in attending educational institutions and 90 per cent of girls are impacted by it. “Frequent absenteeism (29 per cent) and discomfort in absence of female teacher (18 per cent) were identified as some of the other disabling factors that are often interlinked with the drop out of girl children,” it stated.

Delving deep into the reasons behind frequent absenteeism from school, frequent illness (52 per cent) and being engaged in household chores (46 per cent) surfaced as the biggest deterrents across the four states, according to the study.

Also, infrastructural issues like poor roads and unavailability of transport to schools were highlighted as some of the top reasons for girls to miss education. Girls in Gujarat and Andhra Pradesh mentioned about the distance and cost of transportation as some of the main reasons to miss school, the study stated. In Haryana, Andhra Pradesh and Gujarat, menstruation emerged as another important reason for missing school, which highlights the vital need for improved infrastructure and amenities in school. “Though 87 per cent of schools reported to have separate toilets for girls, not all of them were found to have running water and hand wash facilities,” the study stated.

Among the enablers, self-motivation to go to school (88 per cent) and inspiration from family (87 per cent) were the most sought after motivating factors for girls to go to school.

“No resistance from family (94 per cent) and community (95 per cent) were also reported as some of the prominent encouraging reasons by majority of school going girls, while 70 per cent of school going girls claimed to have received government incentives and/or benefits in the school,” the study stated.

However, while analysing the most prevalent factors likely to hinder girl child education, the most spontaneous responses from the parents highlighted requirement of female labour within the household, indicating discontinuation of studies for the girl child.

The interesting aspect is that when both the spontaneous and the aided responses are combined, marriage of girls (66 per cent) emerged as the chief factor that hinders girls’ education, followed by household chores (65 per cent) and cost of education (62 per cent), the study found. Amongst the underlying causes, elopement/love affairs followed by caring for siblings, predetermined gender roles and physical insecurity of girls were some of the top responses in this area, it said.

Besides assessing different factors impacting girl child education, the study also evaluates the effectiveness of 21 government education incentivisation schemes, of which 12 are monetary and the rest provide non-monetary incentives. Despite a large number of schemes being implemented, the analysis reveals that 40 per cent of parents across the four states were unaware of the schemes. “This indicates that though a number of government schemes are available for promoting girl child education, their benefits are yet to reach and touch the lives of girls due to lack of awareness and knowledge about the schemes,” said Puja Marwaha, the CEO of CRY.

Mizoram Cabinet approves Liquor Prohibition Bill

The Mizoram Cabinet has approved the proposed liquor prohibition bill in the state, officials said Saturday.

The Cabinet meeting chaired by Chief Minister Zoramthanga on Friday approved the Mizoram Liquor Prohibition Bill, 2019. The bill would be introduced in the state Assembly during the Budget session starting from March 20, the official added.

The ruling Mizo National Front (MNF) had promised during the state Assembly election in November last year that if voted to power it would ensure total prohibition in the northeast state.

There was total prohibition in Mizoram from 1997 till January 2015 with the Mizoram Liquor Total Prohibition Act in force in the state. The previous Congress government of Lal Thanhawla allowed opening of wine shops in the state from March 2015.