Blog

  • Widespread rain in J&K, active monsoon to drop rain deficiency; predicts Kashmir Weather

    Srinagar: Poor rains this season have led to water shortage in many areas of Kashmir and water level of Jhelum has also dropped significantly.

    June and July were disappointing in terms of rain wherein deficiency kept mounting. From June 1 to August 24, J&K recorded 245.1 mm of rains against the normal of 424.0mm, resulting in 42% deficient rains.

    Now, Kashmir Weather has predicted widespread rains in upcoming days which may drop rain deficiency to some extent.

    As per Kashmir Weather, “Moderate to heavy rain/thundershowers and lightning are very likely to occur over most places of J&K on 26 and 27 August. Isolated to scattered rains are also possible on 25 and 28 August.”

    “People are advised to avoid trekking, hiking between 26 – 28 August.

    “It may cause landslides on the Ramban – Banihal axis.”

    “There is also possibility of light snowfall over some higher reaches.”

    “This spell of rain will be immensely helpful in pulling down the rainfall deficiency of 42%, which is significantly high.”(ANH)

  • Two killed as car falls into gorge in Reasi

    PTI

    Jammu: A woman was among two persons killed, while her husband and two minor daughters were injured when a car skidded off the road and plunged into a deep gorge in Reasi district of Jammu and Kashmir, police said on Monday.

    The accident took place at Daggan top when the driver of the car lost control due to dense fog late Sunday evening while moving from Gool to Judda Arnas, a police official said.

    He said the car fell into a 60-feet gorge, resulting in the death of its driver Reyaz Ahmad (24) and Sameena Akhter (28).

    Akhter’s husband Mohammad Shakeel and daughters — six-year-old Myra and eight month-old Mehar — were rescued in an injured condition and rushed to hospital, the official said.

  • India has ‘military options’ if talks fail: General Bipin Rawat on China

    ANI

    • The talks between the two sides have been going on for the last three months but have failed to yield any results, so far
    • India and China are engaged in a standoff since April-May over the transgressions by the Chinese Army in multiple areas

    New Delhi: Chief of Defence Staff (CDS) General Bipin Rawat on Monday stated that India has “military options” to deal with the Chinese on the issue of transgressions if talks between both the countries at the military and diplomatic level don’t yield any results.

    “The military option to deal with transgressions by the Chinese Army in Ladakh are on but it will be exercised only if talks at the military and the diplomatic level fail,” Rawat said here on the ongoing dispute between India and China in Eastern Ladakh.

    India and China are engaged in a standoff since April-May over the transgressions by the Chinese Army in multiple areas including Finger area, Galwan valley, Hot springs and Kongrung nala.

    The talks between the two sides have been going on for the last three months including five Lieutenant General-level talks but have failed to yield any results, so far.

    The CDS, however, refused to discuss in detail the military options that India could exercise to push back the transgressions by the Chinese Army in Ladakh sector.

    The Chinese Army has refused to withdraw or disengage completely from the Finger area and seems to be buying time to delay its disengagement from there.

    While efforts are underway to resolve the ongoing border dispute, India has rejected the Chinese suggestion to disengage equidistantly from the Finger area in Eastern Ladakh.

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

  • August 5 decisions can’t be reversed: Ravinder Raina

    Six parties resolve to fight for special status of UT

    “Restoration of Article 370 and 35 (A) is next to impossible. These Articles only resulted in a wall of hatred and poor growth and development of J&K,” said J&K BJP president Ravinder Raina.

    Party spokesperson Darakshan Andari described the new grouping as “a conglomerate of mafia who are trying to re-open their closed business”.

    The coming together of J&K’s six main political parties on the restoration of Article 370 and 35(A) is reshaping the polity of the Union Territory (UT), over a year after the special status of J&K was ended. The BJP, however, reiterated that the August 5, 2019 decisions “can’t be reversed”.

    With inputs from The Hindu

  • BJP critical of joint front of six J&K parties

    Six parties resolve to fight for special status of UT; BJP says August 5 decisions can’t be reversed

    The coming together of J&K’s six main political parties on the restoration of Article 370 and 35(A) is reshaping the polity of the Union Territory (UT), over a year after the special status of J&K was ended. The BJP, however, reiterated that the August 5, 2019 decisions “can’t be reversed”.

    “Restoration of Article 370 and 35 (A) is next to impossible. These Articles only resulted in a wall of hatred and poor growth and development of J&K,” said J&K BJP president Ravinder Raina.

    Party spokesperson Darakshan Andari described the new grouping as “a conglomerate of mafia who are trying to re-open their closed business”.

    J&K’s six political parties — the National Conference (NC), the Peoples Democratic Party (PDP), the Congress, the J&K Peoples Conference (PC), the CPI(M) and the Awani National Conference (ANC) — on Saturday decided to fight jointly for the restoration of Article 370 and 35 (A) under the Gupkar Declaration, a document signed by these parties on August 4, 2019.

    Two more regional parties, the J&K Peoples Movement (J&KPM) and the Peoples Democratic Front (PDF), supported it.

    “Whosoever will work for bringing Article 370 and 35(A) back will get my support unconditionally. I have been called up by a few signatories to join the collective fight. I will soon come up with the final decision,” PDF chairman Hakeem Mohammad Yasin said.

    ‘A good step’

    PDP patron Muzaffar Hussain Beg termed the declaration “a good step”. “I feel glad to see the political parties assembling on a single platform for the larger benefit of people of J&K.”

    CPI(M) leader M.Y Tarigami said he expected more people from all the regions and the communities “to join this process so that the dignity of J&K is restored”.

    Senior Congress leader and former Home Minister P. Chidambaram has appreciated the mainstream parties for joining hands.

    “Salute the unity and courage of the six mainstream Opposition parties who came together yesterday [Saturday] to fight the repeal of Article 370. I appeal to them to stand resolutely behind their demand. Ignore the uninformed criticism of self-styled nationalists who do not read history but try to rewrite history,” he tweeted.

    With inputs from The Hindu

  • Coronavirus | U.S. announces approval of plasma treatment against virus

    AFP

    The plasma is believed to contain powerful antibodies that can help fight off the disease faster and help protect people from being seriously hurt by it.

    While the treatment has already been used on patients in the United States and other nations, the extent of its effectiveness is still debated by experts and some have warned that it could carry side effects.While the treatment has already been used on patients in the United States and other nations, the extent of its effectiveness is still debated by experts and some have warned that it could carry side effects. | Photo Credit: AP

    American authorities announced on Sunday an emergency approval of blood plasma from recovered coronavirus patients as a treatment against the disease that has killed over 176,000 in the U.S.

    The Food and Drug Administration’s authorization comes as President Donald Trump faces intense pressure to curb the contagion that has hobbled the world’s largest economy and clouded his once-promising prospects for re-election in November.

    The plasma is believed to contain powerful antibodies that can help fight off the disease faster and help protect people from being seriously hurt by it.

    “This product may be effective in treating COVID-19 and… the known and potential benefits of the product outweigh the known and potential risks of the product,” FDA said in a statement.

    While the treatment has already been used on patients in the United States and other nations, the extent of its effectiveness is still debated by experts and some have warned that it could carry side effects.

    “Convalescent plasma probably works — though it still needs to be proven in clinical trials — but not as a rescue treatment for people who are already severely ill,” said Len Horovitz, a pulmonary specialist at Lenox Hill Hospital in New York City.

    He said that plasma would likely work much better right after a person was exposed to the virus, when the body is trying to neutralize the infection.

    Earlier Sunday U.S. media reported that Mr. Trump would announce the emergency authorization at a press conference, but the White House declined to comment on the president’s plans.

    Trump spokeswoman Kayleigh McEnany said the president would announce a “major therapeutic breakthrough.”

    However, the FDA already allows convalescent plasma transfusions for coronavirus patients under certain conditions, such as clinical trials and gravely ill people.

    The Washington Post, which reported Mr. Trump would announce the approval, said that over 70,000 virus patients in the U.S. have received such a transfusion.

  • Trump campaign releases first commercial for Indian-Americans featuring PM Modi

    PTI

    Washington: Aiming to woo the influential Indian-American voters numbering over 2 million, the Trump campaign has released its first video commercial that has short clips from Prime Minister Narendra Modi’s speeches and US President Donald Trump’s historic address in Ahmedabad.

    Modi and Trump addressed a huge crowd in Ahmedabad during the US president’s visit to India in February this year. Trump was also accompanied by his wife Melania, daughter Ivanka, son-in-law Jared Kushner and top brass of his administration on his trip to India.

    “America enjoys a great relationship with India and our campaign enjoys great support from Indian-Americans!” Kimberly Guilfoyle, national chair of Trump Victory Finance Committee said in a tweet releasing the video commercial.

    The president’s son Donald Trump Jr, who is leading the campaign and is well connected with the Indian-American community, also retweeted it as the commercial soon became viral on social media with over 66,000 views on Twitter in the first few hours.

    Titled “Four More Years” the 107-second video starts with the iconic footage of Modi and Trump walking hand in hand at the NRG Stadium in Houston during the prime minister’s visit to the US last year wherein the leaders of the world’s two largest democracies made a joint address before a strong crowd of Indian-Americans numbering more than 50,000.

    Amidst cheering of thousands of his supporters in the US, Modi is seen as saying that Trump “needs no introduction” and that “his name comes up in almost every conversation.”

    He is the president of the United States of America “Mr Donald Trump”, the prime minister says at the start of the video, that has been conceptualised by Al Mason, co-chair of the Trump Victory Indian American Finance Committee.

    Modi is highly popular among Indian-Americans. His star appeal has attracted record crowds. His address at the Madison Square Garden in 2015 and then in the Silicon Valley two years later, both attracting more than 20,000 people, making the prime minister perhaps the only foreign leader in recent memory to have addressed such huge rallies in the US.

    His “Howdy Modi” address in Houston last September was attended by a record 50,000 people. Trump made a solo trip to Houston to join Modi in addressing the historic rally.

    After Modi introduces Trump to “my family”, the second part of the commercial has clips form Trump’s address in Ahmedabad this February.

    “America loves India. America respects India. And America will always be a faithful and loyal friend to the Indian people,” Trump says in the commercial in which he praises the contribution of four million Indian-Americans.

    “They are truly spectacular people,” the president said.

    The commercial comes following a research by Mason in battleground States according to which the Indian-Americans, who traditionally vote for the Democrats, are switching over to the Republican party in significant numbers because the friendship that Trump has with Modi and the latter’s high popularity among a large section of the community, of which 2.5 million are eligible to vote.

    In the battleground States the Indian-Americans number 1.3 million as per a recent statement made by the Indian-Americans in the Democratic Party.

    Mason’s survey was conducted before former vice president Joe Biden, the Democratic Party’s presidential candidate, selected Indian-origin Senator Kamala Harris as his running mate, a move the Democratic Party leader believes would stem the flow of Indian-Americans towards the Republicans.

    However, both President Trump and his campaign, in recent remarks, asserted that more Indian-Americans support them than the Democrats. In various writings and statement, the Democratic leaders in recent weeks have apprehended that Trump’s friendship with Modi might sway their traditional vote bank this November election.

    The Republican National Convention now almost in a virtual mode is being held next week. President Trump is expected to deliver his nomination acceptance speech from the White House lawns on August 27.

    The Trump campaign believes that the Indian-Americans can play an important role in this election, especially in the battleground states like Michigan, Pennsylvania, and Ohio, where the two rival campaigns would be battling for every vote. It has also created separate coalitions for the Indian-Americans and Sikhs. For the first time, a presidential campaign has created a coalition group for the Hindus.

    The rival Democratic campaign too is coming out with ideas and commercials to woo Indian-Americans. Democratic National Committee chair Tom Perez has addressed the community virtually, wherein he has acknowledged the key role that the Indian-Americans can play in the battleground States.

    On August 15, both Biden and Harris made a video address at an Indian-American event. The campaign has released a policy paper for Indian–Americans.

    A day earlier, a Silicon Valley-based Indian-American political couple released a musical campaign video targeting Indian-Americans in the battleground states and urging them to vote for Biden and Harris.

    Democratic supporters are planning to release at least two more Bollywood-style video commercials to attract the Indian-Americans, as the campaign heats up in the next 70-plus days.

  • Iran: UN nuclear chief’s visit to Tehran no link to US push

    PTI | AP

    Tehran: Iran said Sunday that an upcoming visit this week by the head of the UN’s atomic watchdog agency to Tehran has nothing to do with a US push to impose so-called snapback sanctions on Iran.

    The Trump administration last week dismissed near-universal opposition to its demand to restore all UN sanctions on Iran, declaring that a 30-day countdown for the snapback of penalties eased under the 2015 nuclear deal between Tehran and world powers had begun.

    US allies and foes have joined forces to declare the action illegal and doomed to failure. The US argues that Iran has violated the restrictions imposed on its nuclear programme under the 2015 deal, a charge Tehran has dismissed.

    Iran’s official IRNA news agency quoted on Sunday Iran’s envoy to the International Atomic Energy Agency IAEA, Kazem Gharibadadi, as saying that the visit this week is neither related to the snapback mechanism nor the US demand.

    Gharibabadi said the visit by the IAEA chief Rafael Grossi comes within the framework of Iran’s invitation.

    We do not allow others to manage Iran,” he said, adding that Iran’s trust in the IAEA has been damaged in recent months.” He expressed hope Grossi’s visit will lead to building trust.

    It is important to assure Tehran that the agency will move based on impartiality, independence and professionalism, said Gharibabadi.

    The IAEA said on Saturday that Grossi will head to Tehran to press Iranian authorities for access to sites where the country is thought to have stored or used undeclared nuclear material. Gharibabadi said Grossi was due to meet with Iranian officials on both Tuesday and Wednesday.

    The landmark 2015 nuclear deal was endorsed by a UN Security Council resolution and includes the snapback provision. President Donald Trump pulled America out of the accord in 2018 and imposed severe US sanctions on Iran.

  • SBI, PNB, BoB may go for share sale this fiscal

    PTI

    New Delhi: As many as five large banks, including SBI, PNB and BoB, are likely to sell shares to institutional investors in the second half of this fiscal as they look to shore up their capital base amid the coronavirus pandemic impacting the economy.

    Qualified Institutional Placement (QIP) would be the most preferred way and public sector banks are likely to take a call on taking this route after finalisation of their second quarter results, merchant banking sources said.

    According to the sources, banks would get a better picture about their Non-Performing Assets (NPAs), one-time loan restructuring and consequent ratings latest by the end of October.

    Subsequently, banks can start the process of deciding the time, quantum, appointment of merchant bankers and other formalities, the sources said.

    Four to five large banks like State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda (BoB) and Union Bank of India would look at raising capital towards the end of third quarter or during the fourth quarter of this fiscal, they added.

    Further, the sources said these banks have to plan capital raising in such a manner that there is no crowd out of liquidity and enough space is available to both domestic and global investors to participate in various QIPs.

    PNB has already expressed its intent to hit capital markets in the fourth quarter this fiscal to raise funds to help meet growth needs and regulatory requirements.

    “We will be planning (capital raising) somewhere around the end of third quarter or beginning of fourth quarter. By this time, we would have declared two quarterly balance sheet of the amalgamated entities,” PNB Managing Director S S Mallikarjuna Rao told PTI in June.

    It is to be noted that private sector banks, including ICICI Bank, Axis Bank and Kotak Mahindra Bank, have already mobilised capital thr0ugh QIPs in the last three months.

    In a precursor to capital raising exercise, most of the public sector bankshave already got shareholders’ approval for raising capital through a mix of debt and equity route in the current fiscal.

    For example, shareholders of SBI have given approval for raising Rs 20,000 crore through public issue or private placement of shares while PNB has received shareholders’ nod for mopping up Rs 7,000 crore.

    BoB and Union Bank of India too have approvals from their respective shareholders for raising Rs 9,000 crore and Rs 6,800 crore, respectively, by way of common equity capital through various modes, including QIP.

    During the current fiscal, banks might be required to raise capital based on the assumptions of growth in Risk Weighted Assets (RWA) and ploughing back of profits.

    As far as raising capital through Tier I and Tier II bonds are concerned, SBI recently raised Rs 8,931 crore by issuing Basel III-compliant bonds to investors.

    PNB garnered Rs 994 crore by issuing Basel III-compliant bonds on private placement basis while BoB raised Rs 981 crore by issuing additional tier-1 bonds.

  • China administering COVID-19 vaccines since July, says official

    Hundreds of thousands may be vaccinated by this winter, with broad scope outlined by authorities for ‘urgent use’

    Image for representation purpose only.Image for representation purpose only. | Photo Credit: Reuters

    China has since July 22 been administering its domestically-developed COVID-19 vaccines to a broad range of people whose number may soon be in the hundreds of thousands, including medical workers, the armed forces, and employees of companies who are working overseas on Belt and Road Initiative (BRI) projects, said a health official on August 22.

    China has eight different vaccines which are going through clinical trials, and none have so far been approved for the market. Some of the vaccines have, however, been administered on an “urgent use” basis for the past month, Zheng Zhongwei, director of the Development Centre for Medical Science and Technology of the National Health Commission, which is leading the vaccine development programme, told State media.

    Authorities have permitted administering vaccines to medical workers, border officers and those employed overseas, while the People’s Liberation Army (PLA) has also begun inoculating military personnel. Vaccines are being administered in two doses, with the second given one month after the first shot.

    “The number of people being vaccinated on an urgent basis may reach hundreds of thousands across China, considering that personnel in wider sectors are being offered free injections,” Tao Lina, an immunology expert, was quoted as saying by the Communist Party-run newspaper, Global Times. “But it’s difficult to give an accurate figure since the Chinese military has begun mass vaccinations but has not released details.”

    That number could rise further by this winter. Mr. Zheng said that ahead of a possible wave of cases this winter, the vaccines would be made available “to people working in food markets, transport systems and services industries.” Those who have previously tested positive for COVID-19 will not be among the early group.

    Mr. Zheng said when the vaccine reaches the market, it would be priced slightly lower than the estimate given by one of the producers, Sinopharm, of around 1,000 Yuan, or ₹10,800 for two shots. Sinopharm has said a vaccine may be given the green light for marketing by the end of the year, which was “dependent on the progress of late-stage clinical trials overseas”. More than 20,000 people in the United Arab Emirates (UAE) had taken vaccines in Phase Three clinical trials, while Sinopharm has signed agreements with three other countries, Peru, Morocco and Argentina, for trials.

    The Global Times quoted an employee of a state-run enterprise working on overseas projects as part of the BRI as saying “all staff in her company have been offered inactivated vaccine injections on a voluntary basis for free.” The employee took the vaccine on August 7 and said “at least 10% of the employees, mainly those in charge of projects overseas, have been vaccinated in groups since they were notified on July 30.”

    The inoculation of workers going overseas has, however, raised questions with some of the countries receiving them, with Papua New Guinea barring the entry of Chinese workers on a mine project who had been inoculated on August 10 before travelling.

    With inputs from The Hindu