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After global watchdog’s warning, Pakistan says ‘doing our best’ to end terrorism

Hindustan  Times June 23, 2019 After global watchdog’s warning, Pakistan says ‘doing our best’ to end terrorism Qamar Javed Bajwa, while speaking at the International Institute for Strategic Studies in London on Friday, suggested that all countries should come forward and cooperate with each other in “wiping out terrorism” as it is a common enemy for all. The Pakistan Army Chief’s comments come a day after the Financial Action Task Force (FATF) on told the country to swiftly complete its action plan to curb terror financing by October or face consequences. Pakistan’s Chief of Army Staff General Qamar Javed Bajwa has claimed that the country is doing its best and utilising all available sources to eliminate terrorism from its soil, adding that Islamabad has been moving towards attaining sustainable peace and stability. Bajwa, while speaking at the International Institute for Strategic Studies (IISS) in London on Friday, suggested that all countries should ...

Insolvency proceedings initiated against Jet Airways

The Telegraph June 23, 2019 Insolvency proceedings initiated against Jet Airways The cash-strapped company became the first domestic airliner to go into bankruptcy. Jet Airways owes more than Rs 8,000 crore to banks, and thousands of crores more in arrears to vendors, lessors and employees(Shutterstock). Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on April 17 and saw lenders voting for bankruptcy earlier this month. The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed by SBI (State Bank of India) on behalf of 26 lenders on June 20. "Pursuant to an order dated June 20, 2019 of NCLT Mumbai Bench, Corporate Insolvency Resolution Process (CIRP) has been initiated for Jet Airways (India) as per the provisions of Insolvency and Bankruptcy Code, 2016," Jet Airw...

China does the Taliban shuffle: Beijing's invite to terror outfit's chief negotiator a bid for greater geopolitical influence

First Post June 22, 2019 China does the Taliban shuffle: Beijing's invite to terror outfit's chief negotiator a bid for greater geopolitical influence   After maintaining an ambiguous stance for some time, the Chinese foreign ministry finally conceded that it recently hosted Mullah Abdul Ghani Baradar, the Afghanistan Taliban’s chief negotiator, who is involved in peace negotiations with the United States over the political future of Afghanistan. According to Beijing, the Taliban delegation visited China as part of its efforts to promote peace and reconciliation in Afghanistan. Clearly, Baradar’s ‘mission China’ marks a significant shift in China’s Afghan policy, as it is likely to create an opportunity for Beijing to exercise greater influence over the region’s geopolitical context.   China’s growing political and diplomatic profile at the international level requires it to assume a more assertive role in resolving regional disputes. Afghanistan is a test...

Time to review law for foreign funding of NGOs

Sunday Guardian June 22, 2019 Sanjeev Nayyar Time to review law for foreign funding of NGOs The equivalent of Lutyens Delhi is the NGO industry. It is not possible for the MHA to know who the actual donor is, and monitor the end use of the funds. Did you know that foreign organisations remitted Rs 169,619 cr into India between 2001 and 2017 (Table 1), which is 17 times ISRO’s revised budget estimate for 2018-19 of Rs 9,918 cr.1 So what is the regulatory framework for NGOs who receive foreign funds? The Foreign Contribution Regulation Act (FCRA) regulates the receipt of funds by NGOs and is managed by the Ministry of Home Affairs (MHA). Any organisation that wants to receive contribution from abroad has to get approval from MHA. LARGEST DONORS/RECIPIENTS The country wise data in the public domain is available from 2002-03 to 2011-12. The details here are extracted from the 2011-12 Annual Report published by the MHA. The top three donor countrie...

What is ETIM, the Pakistan-based terror group that threatens China?

Daily Hunt June 22, 2019 What is ETIM, the Pakistan-based terror group that threatens China? Pakistan-trained Eastern Turkestan Islamic Movement (ETIM) militants operating in China's Xinjiang Uighur Autonomous Region have emerged as a major threat to Beijing' national security, according to Defence experts. The increased threat perception comes at a time when Chinese counter-terrorism efforts have invited criticism from human rights outfits and western governments. China has allegedly detained a large number of Uighur Muslim people in "re-integration and re-education centres" to eliminate extremism. The UN Committee on the Elimination of Racial Discrimination claimed that two million Uighur and other Muslims are kept in contentious detention centres. The Afghan side is also aware of these concerns, said a defence expert to Hindustan Times on conditions of anonymity. "Some 50 to 60 ETIM fighters have been captured and handed over to the Chines...

Facebook co-founder says Libra could shift monetary clout to private companies

Hindustan Times June 18, 2019 Facebook co-founder says Libra could shift monetary clout to private companies Hughes also said the corporations that would oversee the new currency would put their private interests - profits and influence - ahead of public Facebook Inc’s Libra cryptocurrency would hand over much of the control of monetary policy from central banks to private companies, the company’s co-founder Chris Hughes said in an opinion piece in the Financial Times on Friday. Hughes also said the corporations that would oversee the new currency would put their private interests - profits and influence - ahead of public ones. Facebook did not immediately respond to a Reuters request for comment. The social media giant revealed plans on Tuesday to launch a cryptocurrency called Libra and linked up with 28 partners in a Geneva-based entity called the Libra Association, which will govern the new digital coin set to launch in the first half of 2020. Hughes, a...
Hindustan Times June 23, 2019 US launched cyber attacks on Iran after drone shootdown: Report US President Donald Trump ordered a retaliatory military strike against Iran after the drone shootdown but then called it off, saying the response wouldn’t be “proportionate” and instead pledged new sanctions on the country. United States launched cyber attacks against Iranian missile control systems and a spy network.  The United States launched cyber attacks against Iranian missile control systems and a spy network this week after Tehran downed an American surveillance drone, US media reported on Saturday. US President Donald Trump ordered a retaliatory military strike against Iran after the drone shootdown but then called it off, saying the response wouldn’t be “proportionate” and instead pledged new sanctions on the country. But after the drone’s downing, Trump secretly authorized US Cyber Command to carry out a retaliatory cyber attack on Iran, The Washing...

US launched cyber attacks on Iran after drone shootdown:

Hindustan Times June 23, 2019 US launched cyber attacks on Iran after drone shootdown:  US President Donald Trump ordered a retaliatory military strike against Iran after the drone shootdown but then called it off, saying the response wouldn’t be “proportionate” and instead pledged new sanctions on the country. United States launched cyber attacks against Iranian missile control systems and a spy network.  he United States launched cyber attacks against Iranian missile control systems and a spy network this week after Tehran downed an American surveillance drone, US media reported on Saturday. US President Donald Trump ordered a retaliatory military strike against Iran after the drone shootdown but then called it off, saying the response wouldn’t be “proportionate” and instead pledged new sanctions on the country. But after the drone’s downing, Trump secretly authorized US Cyber Command to carry out a retaliatory cyber attack on Iran, The Washing...