De-dollarization among BRICS members ‘irreversible’, says President Putin

News Network
August 23, 2023

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Moscow, Aug 23: Russia's President Vladimir Putin says the shift away from the US dollar in internal trade among the members of the BRICS, an intercontinental geopolitical bloc, is an "irreversible process."

"A balanced, irreversible process of de-dollarization of our economic ties is gaining steam, with efforts undertaken to develop efficient mechanisms of mutual settlements, as well as monetary and financing control," he told BRICS Business Forum, which was being hosted by South Africa, via video-link on Tuesday.

"As a result, the share of the dollar in export and import transactions within BRICS is declining as it only equaled 28.7% last year," he added.

BRICS consists of Brazil, Russia, India, China, and South Africa. The group's leaders coordinate multilateral policies and meet annually at summits.

The BRICS countries account for 42 percent of the global population and about 27 percent of both the world's land area and the world’s economy.

The bloc has become increasingly important in addressing international issues since it was founded in 2006, and is often seen as a counterweight to Western political and economic hegemony.

The economies of the BRICS, Putin added, outperform those of the Group of Seven which includes the UK, Germany, Italy, Canada, the United States, France, and Japan, in terms of purchasing power parity. "The forecast for 2023 is 31.5% against 30%," he stressed.

Also addressing the event, Brazilian President Lula Da Silva lent support to the emergence of a common currency for trade among the BRICS members. 

He also expressed Brazil's willingness to see more countries join the bloc, which, in his opinion, would bring more relevance. 

The BRICS is expected to consider granting new memberships. 20 countries have applied, including Iran. 

Iran's President Ebrahim Raeisi will be attending the summit on Wednesday.

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News Network
October 29,2024

Nagpur: Police in Maharashtra's Nagpur have identified 35-year-old Jagdish Uikey from Gondia as the man behind a series of hoax bomb threats that caused widespread panic, flight delays, and increased security at various establishments across the state, officials revealed.

Uikey, an author who wrote a book on terrorism and was previously arrested in 2021, is now on the run after police traced the recent hoax emails to him, confirmed a senior police official. The investigation, led by Deputy Commissioner of Police (DCP) Shweta Khedkar, uncovered substantial evidence linking Uikey to the threatening emails.

These emails were sent to multiple government agencies, including the Prime Minister’s Office (PMO), Railway Minister, Maharashtra Chief Minister Eknath Shinde, airline offices, the Director General of Police (DGP), and the Railway Protection Force (RPF). On October 21, Uikey even emailed Railway Minister Ashwini Vaishnaw, leading to heightened security at railway stations.

On Monday, the Nagpur police intensified security around Deputy Chief Minister and Home Minister Devendra Fadnavis's residence after Uikey’s email threatened a protest unless he could present his findings on a secret terror code he claimed to have deciphered. He also requested a meeting with Prime Minister Narendra Modi to discuss his information on terror threats.

In the 13 days leading up to October 26, Indian carriers received over 300 hoax bomb threats, with about 50 flights— including those of IndiGo and Air India— targeted on October 22 alone, sources said.

A special team has been deployed to locate and arrest Uikey, and authorities remain confident that he will be apprehended soon.

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News Network
October 21,2024

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Khalistani terrorist Gurpatwant Singh Pannun on Monday warned passengers not to fly on Air India flights from November 1 to 19. He asserted that an attack could take place on an Air India flight during the specified dates, which coincide with the "40th anniversary of the Sikh genocide".

The founder of Sikhs for Justice (SFJ), who holds dual citizenship in Canada and the US, had issued a similar threat around the same time last year.

Pannun's fresh threat comes amid several airlines in India receiving multiple threat calls about potential bombings, all of which turned out to be hoaxes. It also occurred at a time when India and Canada are engaged in a murky diplomatic row following Canada's allegations of India targeting Khalistani elements in the country, including the murder of another terrorist, Hardeep Singh Nijjar.

In November 2023, Pannun released a video claiming that Delhi's Indira Gandhi International Airport would be renamed and would remain closed on November 19, warning people against flying on Air India that day. The National Investigation Agency charged him with criminal conspiracy, promoting enmity between different groups on the grounds of religion, and various offences under the Unlawful Activities (Prevention) Act (UAPA).

In December last year, Pannun threatened to attack the Parliament on or before December 13, following reports of an alleged foiled plot to kill him. December 13 marks the anniversary of the terrorist attack on the Parliament in 2001.

He also threatened to kill Punjab Chief Minister Bhagwant Mann and Director General of State Police Gaurav Yadav on Republic Day this year. He also urged gangsters to unite and launch an attack on Mann on January 26.

Pannun has been designated a terrorist by the Ministry of Home Affairs since July 2020 on charges of sedition and secessionism, as he leads SFJ, a group advocating for a separate sovereign Sikh state. A year prior to this, India banned SFJ as an "unlawful association" for engaging in "anti-national and subversive" activities.

In another development, on October 17, the United States charged a former officer of India's spy agency Research and Analysis Wing (RAW) for allegedly directing a foiled plot to murder Pannun, a charge New Delhi has rejected as baseless allegations.

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News Network
October 28,2024

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Bengaluru: A burned, unidentifiable body discovered in a Kodagu coffee plantation has led Karnataka police to unravel a shocking murder plot involving 54-year-old businessman Ramesh’s wife, Niharika (29), her lover Nikhil, and accomplice Ankur. The trio allegedly orchestrated Ramesh’s murder for financial gain, journeying across state lines to dispose of his body in an attempt to conceal their crime. All three suspects are now in custody.

Suspicious Discovery in Kodagu Estate

On October 8, a charred body was found in a coffee plantation near Suntikoppa, Kodagu. With no immediate means of identification, police reviewed local CCTV footage. A red Mercedes Benz passing through the area raised suspicions. Registered under Ramesh’s name, this vehicle led the police to contact Telangana authorities, linking the case to Ramesh, who had recently been reported missing by his wife, Niharika.

An Intricate Plot for Wealth

As investigations deepened, police began to suspect Niharika’s involvement. Under questioning, she revealed her role in the plot and implicated her accomplices, Nikhil—a veterinary doctor—and Ankur. The probe uncovered Niharika’s troubled past, including a stint in prison, where she met Ankur. After marrying Ramesh, her desire for luxury grew, and she allegedly demanded ₹8 crore, which Ramesh refused, leading her to conspire with Nikhil and Ankur.

Murder and Cover-Up

On October 1 in Uppal, Hyderabad, the accused allegedly strangled Ramesh. They then drove over 800 km to Kodagu, disposing of the body in a coffee estate by setting it ablaze. Niharika later filed a missing person report for Ramesh to cover her tracks.

Painstaking Investigation

Kodagu Police Chief Ramarajan highlighted the challenges faced: “The body was nearly unrecognizable. Our team traced suspicious vehicle activity across CCTV cameras from Kodagu to Tumkur, eventually linking the vehicle to Ramesh from Telangana.” Through detailed examination, police collected enough evidence to arrest Niharika, Nikhil, and Ankur, confirming the horrifying plot that led to Ramesh’s murder.

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