Posts Tagged ‘india’
TEHRAN (FNA)- India is willing to make huge investments in economic and infrastructural projects of Iran’s Southeastern port city of Chabahar following the recent agreement between Tehran and six world powers, Iranian Ambassador to New Delhi Gholamreza Ansari announced on Sunday.”Iranian President Hassan Rouhani has proposed a multi-billion-dollar investment in Iran’s infrastructural projects, including development of Chabahar strategic port, which has been welcomed by the Indian side,” Ansari said.
In May, Iranian Road and Urban Development Minister Abbas Akhoundi announced that Tehran and New Delhi have signed a Memorandum of Understanding (MoU) to pave the ground for India’s 195-mln-dollar investment in Iran to develop Chabahar.
On Thursday, ED raided the premises of Mahim Gupta in Bopal area of the city who provides trading platform through his website -‑ buysellbit.co.in. During the preliminary investigation, the ED found that it is in clear violation of Foreign Exchange Management Act (FEMA) rules of the country as central bank does not provide permission to indulge in such transactions.
“We have found that through the website 400 persons have recorded 1,000 transactions that amount to a few crores of rupees. We are gathering the data of the transactions, name of the people who have transacted in the virtual currency from Gupta’s server that is hired in the US. At present, we believe that this is a violation of foreign exchange regulations of the country. If we are able to establish money laundering aspect then he can be arrested,” said a top ED official.
As per sources, a separate raid was also conducted in Satellite area of the city, however, the person the investigation agency was looking for could not be found. “When we reached his office, he was not there. We have sealed the premises,” the official added.
- First time in the country, ED raids a Bitcoin seller in Ahmedabad (India) (dnaindia.com)
- Indian Bitcoin Exchanges Halted As Government Shifts Capital Control Attention Away From Gold (zerohedge.com)
- Bitcoin exchanges shut down after threat from India’s central bank (engadget.com)
- Indian Bitcoin exchanges suspend operations after gov’t warning (venturebeat.com)
- Open letter to Bank Indonesia: Bitcoin can protect against US monetary policy (techinasia.com)
India‘s largest bitcoin exchange service has suspended its operations, just when the most valuable currency in the world had begun to gain widespread recognition in the country. The central bank cautioned against the risks of using virtual currency.
The Reserve Bank of India has warned users, holders and traders of virtual currencies, including bitcoins, about “potential financial, legal, customer protection and security related risks” they are exposing themselves to.
“There is no underlying or backing of any asset for virtual currencies. As such, their value seems to be a matter of speculation,” the central bank contended in a statement, adding that the “huge volatility in the value of virtual currencies“ has been noted, however.
The Reserve Bank of India emphasized that virtual currencies were not authorized by any central bank or monetary authority, thus posing serious risks to their users.
“There have been several media reports of the usage of virtual currencies, including bitcoins, for illicit and illegal activities in several jurisdictions. The absence of information of counterparties in such peer-to-peer anonymous/ pseudonymous systems could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism (AML/CFT) laws,” it stated.
- India’s central bank acknowledges Dogecoin as virtual currency (neowin.net)
- Top India Bitcoin Operator Halts Trading After Bank Warning (embargozone.com)
- RBI warns against Bitcoin use in India (thehindu.com)
- Top India Bitcoin Operator Halts Trading After Bank Warning (businessinsider.com)
- First time in the country, ED raids a Bitcoin seller in Ahmedabad (India) (dnaindia.com)
…[D]iplomacy operates on the principal of reciprocity and I’m afraid the Americans have not shown the basic courtesies to our diplomat in New York. And we have every right to retaliate with appropriate measures of our own. This has not been savory at all. It’s been rather nasty and we would have never wanted this in the first place, but the US State Department has always applied double standards. Think about the Raymond Davies case involving a US CIA contractor undercover as a diplomat in Pakistan who killed two citizens. President Obama came out at the time and put a lot of pressure on Pakistan to save their so-called diplomat who was actually a spy – and a killer to boot – and said “you know there’s a broader principle at stake. This is diplomatic immunity.” We use the same logic with this case. It was a far smaller offense, it was a much less grave crime, it was a domestic dispute between our diplomat and her domestic helper. But they escalated it to a point where you know she was strip searched and humiliated, so we have every right. US diplomats often get away with a lot in many foreign postings and we have been extending these courtesies because in diplomacy, you need to do it in order for the relations to go ahead. But unfortunately the Americans seem to have thought that India is a banana republic and doesn’t have the spine to hit back. So we have taken measures, but we hope that the Americans will see sense. US Secretary of State John Kerry has expressed regrets, but that is actually insufficient because we have been demanding a firmer apology. But nonetheless, I think they will see sense because reciprocity means if you do bad you will also get bad. If You give respect, you get respect…the Indians are sending a clear message that we want to be with the US as equals; not as superordinate and subordinate. The world has changed and it needs to adjust its lenses; [the US] cannot have double standards
—Sreeram Chaulia, Dean of Jindal School of International Affairs
- U.s. Thinks India Is a Banana Republic (tomfernandez28.com)
- Diplomatic row: US thinks India is a banana republic (rt.com)
- India’s efforts to have charges against Devyani dropped hit a wall (thehindu.com)
- US tries again to calm India over accused diplomat – Reuters Canada (ca.reuters.com)
- Pak foreign policy aims at peace: Sharif (thehindu.com)
- Devyani Khobragade case: India tightens screws, withdraws privileges for US consular officials (alrasub.com)
- New twist: Devyani had full diplomatic status at time of arrest (thehindu.com)
The march on the streets of Chennai was organized by student organizations.
The protesters called for an apology from the US government over the arrest of an Indian diplomat, urging New Delhi to be stricter on the issue.
The aftershocks of a diplomatic row between the United States and India are still felt.
Two weeks ago, New York police arrested and strip-searched Devyani Khobragade, a member of India’s diplomatic mission. She has been accused of visa fraud and making false statements about her housekeeper.
Her maltreatment caused anger in India and sparked a series of reprisals, including the removal of protective barricades outside the US Embassy in New Delhi.
- Indians slam US over diplomat arrest (therebel.org)
- India transfers diplomat in bid to defuse row with U.S. (worldbulletin.net)
- India transfers diplomat to U.N. in bid to defuse row with U.S. (trust.org)
- India Is Trying To Transfer The Diplomat At The Center Of Its Fight With The US (businessinsider.com)
- International Incident: India Cracks Down on U.S. Diplomats After Female Envoy Strip Searched (mediaite.com)
- India looks forward to U.N. help to solve Diplomatic Crisis (uniqueventure.wordpress.com)
- Indian official: Maid tried to blackmail diplomat (kansascity.com)
- Devyani Khobragade given diplomatic immunity after India protests (examiner.com)
- Indian Diplomat Arrested (blainemharris.wordpress.com)
When India was partitioned in 1947, about 500,000 people died in communal rioting, mainly along the borders with Pakistan. But a year later another massacre occurred in central India, which until now has remained clouded in secrecy.
In September and October 1948, soon after independence from the British Empire, tens of thousands of people were brutally slaughtered in central India.
Some were lined up and shot by Indian Army soldiers. Yet a government-commissioned report into what happened was never published and few in India know about the massacre. Critics have accused successive Indian governments of continuing a cover-up.
The massacres took place a year after the violence of partition in what was then Hyderabad state, in the heart of India. It was one of 500 princely states that had enjoyed autonomy under British colonial rule.
When independence came in 1947 nearly all of these states agreed to become part of India.
It was led by a Hindu congressman, Pandit Sunderlal. But the resulting report that bore his name was never published.
But now, historian Sunil Purushotham from the University of Cambridge has obtained a copy of the report as part of his research in this field.
Pandit Sunderlal’s team concluded that between 27,000 and 40,000 died.