India disappointed with UN Global Counter-Terrorism Strategy resolution
United Nations, June 27 : India says it is disappointed with the Global Counter-Terrorism Strategy (GCTS) resolution adopted by the General Assembly because it fails to advance "meaningful" international cooperation against terrorism.
"It is disappointing to see the lack of meaningful progress even in a GCTS resolution language, which continues to reflect the inability of member states to act collectively to tackle the threats from non-state actors," India's Deputy Permanent Representative Tanmaya Lal said Tuesday after the Assembly unanimously adopted the resolution.
"While most of the membership represented here has experienced terror attacks, at the UN we continue to struggle to advance meaningful multilateral cooperation on countering terrorism, often due to narrow political considerations," he said.
India did not oppose the resolution and went along with the consensus in the Assembly as Lal noted, "Any multilateral resolution has to strike a balance and a compromise."
But India was disappointed that it has neither taken into account the developments since the previous GCTS resolution was adopted two years ago nor provided for more unified international action against terrorism.
"In the intervening period of two years terrorist networks have continued to terrorise peoples across different parts of the world, expanding their reach, propagating their ideologies of hate, recruiting across borders, raising funds and improving their use of modern technologies," he said.
Assembly President Miroslav Lajcak, who introduced the resolution defended it saying that this "Global Strategy is not a global solution" and is "not a magic formula."
"Because terrorism is very complex, a one-size-fits-all approach would never work," he added.
The nine-page resolution deals with addressing conditions that are "conducive" to spread of terrorism, and helping countries develop capacities to combat terrorism, besides the generalities like condemning terrorism and apprehending and prosecuting terrorists.
Lajcak warned, "We cannot afford to underestimate the threat facing us" and there was no room for complacency because the Islamic State (IS) is weaker now than two years ago and controls smaller territory.
He said: "ISIS, Al-Qaida and their affiliates have shown that they do not represent a traditional security threat. They use methods we could only have imagined, in our worst nightmares. They have broken all laws of humanity. And they have proven themselves to be able to adapt, to new contexts and situations."
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Rupee falls 9 paise to all-time low of 90.58 against US dollar in early trade
Mumbai (PTI): Rupee depreciated 9 paise to an all-time low of 90.58 against US dollar in early trade on Monday, weighed down by uncertainty over an India-US trade deal and persistent foreign fund outflows.
Forex traders said rupee is trading with a negative bias as investors are in wait and watch mode and awaiting cues from the India-US trade deal front.
At the interbank foreign exchange market, the rupee opened at 90.53 against the US dollar, then fell further to an all-time intraday low of 90.58 against the greenback, registering a fall of 9 paise over its previous close.
On Friday, the rupee had slipped 17 paise to close at an all-time low of 90.49 against the American currency.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 98.35.
Brent crude, the global oil benchmark, was trading higher by 0.52 per cent at USD 61.44 per barrel in futures trade.
On the domestic equity market front, the 30-share benchmark index Sensex was trading 298.86 points lower at 84,968.80, while the Nifty was down 121.40 points at 25,925.55.
Foreign Institutional Investors sold equities worth Rs 1,114.22 crore on Friday, according to exchange data.
"FPIs continue to be in selling mode in equity and debt while RBI has been selling dollars to fund their long positions," said Anil Kumar Bhansali, Head of Treasury and Executive Director Finrex Treasury Advisors LLP.
