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Monday, December 18, 2017

US outnumbered 14 to 1 as it vetoes UN vote on status of Jerusalem



The US ambassador to the UN, Nikki Haley, says a resolution calling for the withdrawal of Donald Trump’s recognition of Jerusalem as the capital of Israel is 'an insult which will not be forgotten'. The US used its veto in order to stop the resolution passing, after every other security council member supported it. US outnumbered 14 to 1 as it vetoes UN vote on status of Jerusalem.

US outnumbered 14 to 1 as it vetoes UN vote on status of Jerusalem
Published on 18 Dec 2017



A UN security council resolution calling for the withdrawal of Donald Trump’s recognition of Jerusalem as Israel’s capital has been backed by every council member except the US, which used its veto.

The unanimity of the rest of the council was a stark rebuke to the Trump administration over its unilateral move earlier this month, which upended decades of international consensus.

The Egyptian-drafted resolution did not specifically mention the US or Trump but expressed “deep regret at recent decisions concerning the status of Jerusalem”.

A spokesman for the Palestinian president, Mahmoud Abbas, responded to the veto by saying it was “unacceptable and threatens the stability of the international community because it disrespects it”.

The UK and France had indicated in advance that they would would back the text, which demanded that all countries comply with pre-existing UNSC resolutions on Jerusalem, dating back to 1967, including requirements that the city’s final status be decided in direct negotiations between Israel and the Palestinians.

The resolution was denounced in furious language by the US ambassador to the UN, Nikki Haley, who described it as “an insult” that would not be forgotten. “The United States will not be told by any country where we can put our embassy,” she said.

“It’s scandalous to say we are putting back peace efforts,” she added. “The fact that this veto is being done in defence of American sovereignty and in defence of America’s role in the Middle East peace process is not a source of embarrassment for us; it should be an embarrassment to the remainder of the security council.”

The Israeli prime minister, Benjamin Netanyahu, tweeted: “Thank you, Ambassador Haley. On Hanukkah, you spoke like a Maccabi. You lit a candle of truth. You dispel the darkness. One defeated the many. Truth defeated lies. Thank you, President Trump.”

The tabling of the resolution followed a weekend of negotiations aimed at securing the widest consensus possible on the issue. The vote has underlined once again the widespread international opposition to the US move, even among some of its closest allies.

It came ahead of a trip by the US vice-president, Mike Pence, to Jerusalem on Wednesday that will take place amid a deep rupture in US-Palestinian relations.

The Palestinian Authority president Mahmoud Abbas’s Fatah party has called for a day of demonstrations in the occupied Palestinian territories to coincide with the Pence trip.

Palestinian officials had warned that in the event of a US veto on the security council, they would also seek a resolution at the general assembly.

The push for a vote – which came in the knowledge that the US would use its veto – followed Trump’s decision to upend decades of policy by declaring that the US recognises Jerusalem as Israel’s capital and that he plans to move its embassy there.

Speaking before the vote, the UK’s ambassador to the UN, Matthew Rycroft, said the text was in line with London’s position on Jerusalem as an issue that must be resolved through negotiations.

In an apparent rejection of the authority of the security council, Israel’s ambassador to the UN, Danny Dann, said ahead of the vote: “Members of the council can vote again and again — for a hundred more times. It won’t change the simple fact that Jerusalem is, has been, and always will be the capital of Israel.”
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U.S. vetoes U.N. resolution rejecting Trump’s decision on Jerusalem
By Carol Morello December 18



The United States blocked a Security Council resolution Monday at the United Nations that would have rejected President Trump’s recognition of Jerusalem as Israel’s capital.

U.N. Ambassador Nikki Haley’s vote marked the Trump administration’s first Security Council veto. All 14 other members supported the resolution, underscoring the U.S. isolation on the issue.

Haley said she cast the veto “in defense of American sovereignty and in defense of America’s role in the Middle East peace process.”
''Trump recognizes Jerusalem as Israel’s capital in reversal of long U.S. policy''

The draft of the resolution, called for by Egypt, did not name the United States or Trump. It expressed “deep regret at certain decisions concerning the status of Jerusalem,” and asserted that “Jerusalem is a final status issue to be resolved through negotiations.” It further declared as null and void “any decisions and actions which purport to have altered the character, status or demographic composition” of the city, and urged countries not to establish diplomatic missions in the city.

Trump’s Dec. 6 decision to recognize Jerusalem as the capital and start lengthy preparations to move the U.S. embassy from Tel Aviv has been criticized by all the Arab countries and many U.S. allies, including fellow Security Council members France and Britain.

It comes as Vice President Pence is preparing to visit Israel later this week. Palestinian leader Mahmoud Abbas has refused to meet with him because of the decision, a move the White House called “unfortunate.” Israeli media reported Monday that the rabbi with authority over the Western Hall declined to grant Pence permission to hold a news conference at the site. The Western Wall Heritage Foundation said they were in “discussions” in advance of Pence’s visit.

Jerusalem’s status is one of the most thorny and emotional issues in the Israeli-Palestinian conflict.

Israel captured the eastern part of Jerusalem in the Six-Day War of 1967, annexed it and has since expanded the city’s boundaries. It considers Jerusalem its undivided and eternal capital. The Palestinians desire to make East Jerusalem the capital of an eventual Palestinian state. In deference to the principle that Jerusalem’s status be determined in the final stages of negotiations — which have been frozen since 2014 — all countries have situated their embassies in Tel Aviv, a roughly 45-minute drive from Jerusalem.

Israeli Prime Minister Benjamin Netanyahu tweeted his gratitude for the U.S. veto.

“Thank you, Ambassador Haley,” he wrote. “On Hanukkah, you spoke like a Maccabi. You lit a candle of truth. You dispel the darkness. One defeated the many. Truth defeated lies. Thank you, President Trump.”

Nabil Abu Rdeneh, an adviser to Palestinian President Mahmoud Abbas, called the U.S. veto a “provocation” that he said “will not help in creating peace in the region.”

During the Security Council session, U.N. Middle East envoy Nickolay Mladenov said that since a 2016 resolution demanding a halt to settlement activity in East Jerusalem, construction had continued unabated, and there has been an increase in violence between Israelis and Palestinians. The resolution passed with 14 votes, and an abstention by the United States under the Obama administration. Mladenov warned against more unilateral actions, saying the lack of a peace proposal is “undermining moderates and empowering radicals.”

Danny Danon, Israel’s ambassador to the United Nations, said Security Council resolutions criticizing Israel’s actions in Jerusalem will not change history.

“It’s time for all countries to recognize that Jerusalem always was and always will be the capital of the Jewish people and the capital of Israel,” he said.


Ruth Eglash, in Jerusalem, contributed to this report.

UN Security Council to weigh resolution on Jerusalem

The leaked Egyptian-drafted resolution affirms "that any decisions and actions which purport to have altered, the character, status or demographic composition of the Holy City of Jerusalem have no legal effect, are null and void and must be rescinded in compliance with relevant resolutions of the Security Council".
The resolution, however, is widely expected to face a US veto, which would render it futile.  

UN Security Council to weigh resolution on Jerusalem

The draft resolution calls on all UN member states not to move their diplomatic missions to Jerusalem [File: Richard Drew/AP Photo] 
The UN Security Council is expected to vote on Monday on a draft resolution rejecting the US decision to recognise Jerusalem as Israel's capital, less than two weeks after US President Donald Trump made the announcement.

Trump declared the move on on December 6, saying at the time that the US would be moving its embassy in Israel from Tel Aviv to Jerusalem.

The leaked Egyptian-drafted resolution obtained by Al Jazeera, however, does not mention the United States by name, saying it "deeply regrets recent decisions regarding the status of Jerusalem".

Al Jazeera's Mike Hanna, reporting from the UN headquarters in New York, said it was understood that countries such as Egypt and the UK "wanted to try and keep the language as neutral as possible in a - possibly vain - attempt to keep the US from exercising its Security Council veto".

This caused "a degree of anger" to Palestinian delegates who "wanted to single out the US by name", added Hanna.

As it stood by Sunday night, the leaked text was a restatement of the UN's position on Jerusalem as outlined through decades of Security Council and General Assembly's resolutions, our correspondent noted.

It affirms "that any decisions and actions which purport to have altered, the character, status or demographic composition of the Holy City of Jerusalem have no legal effect, are null and void and must be rescinded in compliance with relevant resolutions of the Security Council".

The text also calls on all UN member states not to move their diplomatic missions to Jerusalem.

Unlikely to pass

The resolution, however, is widely expected to face a US veto, which would render it futile.

The Security Council consists of five permanent members: China, France, Russia, the UK and the US, as well as 10 non-permanent members.

A veto from any of the five permanent members would block the resolution from passing.

Hanna said that the there may be efforts by the Palestinians and Turkey to take the issue to the UN General Assembly if the US vetoes the resolution.

"It would appear that that veto is likely to happen with Israel's enthusiastic backing, which describes the resolution as a Palestinian attempt to reinvent history, despite the fact that it is routed on UN resolutions as they stand at present," added Hanna.

Mass rallies

Trump's declaration fuelled widespread anger and protests within Palestine and across the world, with the latest and largest demonstration  taking place on Monday in the Indonesian capital Jakarta, where some 80,000 people rallied outside the US embassy in the city.

Since the decision, nine Palestinians have been killed and more than 1,900 people have been injured in protests in the occupied territories.

Due to Jerusalem's importance to the three Abrahamic religions - Islam, Judaism, and Christianity - the city's status has long been the main sticking point in the Israeli-Palestinian conflict.

After occupying the city's eastern part in the 1967 War, Israel annexed the territory. In 1980, it proclaimed it as its "eternal, undivided capital."

Israel's control and sovereignty over the city are not recognised by any country in the world and, as of now, all embassies in Israel are based in Tel Aviv, although some countries have based their consulate offices in Jerusalem.

The Palestinian leadership in the West Bank, however, see East Jerusalem as the capital of a future Palestinian state.

They have warned that any change to the status quo would mean the end of the peace process premised on a two-state solution.

SOURCE: AL JAZEERA NEWS

Catalan election to return hung parliament - poll



File Photo: pro-secession Demo
Catalan election to return hung parliament - poll
Sonya Dowsett

MADRID (Reuters) - An election in Catalonia will fail to conclusively resolve a political crisis over an independence drive in the region, the final surveys before the Dec. 21 vote showed on Friday.

Ciudiadanos party leader in Catalonia, Ines Arrimadas (C), walks under umbrellas during a campaign stop in Figueres, Spain, December 15, 2017. REUTERS/Albert Gea
The ballot will result in a hung parliament, a Metroscopia poll showed, with parties favouring unity with Spain tipped to gain a maximum of 62 seats and pro-secession factions 63, both short of a majority in the region’s 135-seat legislature.

Spain’s worst political crisis since its transition to democracy four decades ago erupted in October, when Madrid cracked down on an independence referendum it had declared illegal and took control of the wealthy northeastern region.

The standoff has bitterly divided society, led to a business exodus and tarnished Spain’s rosy economic prospects, with the central bank on Friday blaming events in Catalonia for a cut in its growth forecasts for 2018 and 2019.

Both the Metroscopia poll, published in El Pais, and a second survey in another newspaper, La Razon, predicted a record turnout for a Catalan election.

But the vote looks likely to trigger weeks of haggling between different parties to try to form a government.

Former Catalan leader Carles Puigdemont is campaigning from Brussels, where he moved shortly after he was fired by Madrid following a unilateral declaration of independence by the region.

With Friday the last day polls were permitted before the ballot, the El Pais survey - which questioned 3,300 people in Catalonia between Dec. 4 and Dec. 13 - showed his party winning 22 seats.

Pro-unity party Ciudadanos, which has backed the minority central government of Mariano Rajoy’s People’s Party (PP) in parliamentary votes, will win most seats, closely followed by pro-independence ERC.

But at a maximum of 36 for Ciudadanos and 33 for ERC, both fall far short of the 68 seats needed for a majority.

The survey’s inconclusive split between pro-unity and pro-independence parties would leave the regional offshoot of left-wing party Podemos, which supports unity but wants a referendum on independence, as potential kingmaker.

Further muddying the waters, its leader Xavier Domenech favours a left-wing alliance across parties that both back and reject independence.

The La Razon poll, which surveyed 1,000 Catalans also between Dec. 4 and Dec. 13, showed parties in favour of independence winning 66 seats and unity supporters 60, leaving the Catalan Podemos arm with nine.

Editing by Paul Day and John Stonestreet

Our Standards:The Thomson Reuters Trust Principles.

Sunday, December 17, 2017

ENB-TENN:தமிழீழச் செய்தியகம்: உரு - காணாமல் ஆக்கப்பட்டோர் கலைப்படக் காட்சியும் எ...

உரு - காணாமல் ஆக்கப்பட்டோர் கலைப்படக் காட்சியும் எழுச்சியும்!



Sfari Cinema Harrow London UK


Address: 2 Station Rd, Harrow HA1 2TU
Phone: 020 8426 0303

الشعبية تؤبن الشهداء وتدعو إلى التصعيد في مواجهة جرائم الاحتلال


الشعبية تؤبن الشهداء وتدعو إلى التصعيد في مواجهة جرائم 


 صادر عن الجبهة الشعبية لتحرير فلسطين

الشعبية تؤبن الشهداء وتدعو إلى التصعيد في مواجهة جرائم الاحتلال

توجهت الجبهة الشعبية لتحرير فلسطين بتحية الفخر والاعتزاز والشموخ والكبرياء إلى الشهداء الأبطال الذين ارتقوا اليوم في كل من غزة والضفة المحتلة في المواجهات الدائرة مع الاحتلال دفاعاً عن عروبة وفلسطينية القدس، متمنية الشفاء العاجل للجرحى ومصابين الاشتباكات.

واعتبرت الجبهة أن استمرار تدفق شلال الدم الفلسطيني الهادر من خيرة أبناء شعبنا ليروي ثرى الوطن من أجل فلسطين والقدس والثوابت، وفي مقدمتهم الشهداء الأربعة الذين ارتقوا اليوم محمد عقل، وباسل إبراهيم، وياسر سكر، والشهيد إبراهيم أبو ثريا الذي لم يغادر ساحة المواجهات شرقي غزة منذ أيام رغم فقدانه أطرافه حتى لحظة استشهاده، لهو تأكيد على إرادة وعزيمة وصلابة وعطاء هذا الشعب، كما تؤكد على حجم الجريمة التي يرتكبها هذا الاحتلال المجرم




ووقفت الجبهة أمام حدث استشهاد الجريح المناضل أبو ثريا هذا العامل الكادح في ساحة الاشتباك المفتوح مع الاحتلال، مجسداً إرادة الطبقات الشعبية الفلسطينية الكادحة التي تدفع دائماً ضريبة التحرير.

كما وجهت الجبهة تحية تقدير واعتزاز وتثمين إلى جماهير شعبنا الفلسطيني الذين نزلوا اليوم بالآلاف إلى شوارع القدس والضفة وغزة في جمعة الغضب، ليؤكدوا بأن القدس كانت وستبقى وستظل عاصمة دولة فلسطين الأبدية.

كما حيت الجبهة الجماهير العربية التي عبّرت عن رفضها للقرار الأمريكي بنزولها إلى الشوارع والميادين العربية وخصوصاً في الأردن وسوريا وعمان، داعية إياهم إلى المزيد من مسيرات الغضب دعماً لفلسطين والقدس، وإلى ملاحقة وفضح رموز التطبيع.

وقالت الجبهة: " لقد وحدت مدينة القدس أبناء شعبنا في أقوى رسالة للعدوين الصهيوني والأمريكي بأن هذا الشعب الأبي مصمم على النضال وعلى التمسك بالثوابت وبالقدس عاصمة أبدية له وبالتصدي للقرار الأمريكي بشأنها، كما وحد هذا القرار الأحمق أيضاً الجماهير العربية التي عادت من جديد لتملأ الشوارع من أجل قضيتهم المركزية".

وحيت الجبهة سواعد الانتفاضة الفتية والتي حوّلت الطرق الالتفافية ومواقع التماس مع الاحتلال والمستوطنات إلى نار وجحيم على جنود الاحتلال والمستوطنين، داعية إياهم إلى المزيد من الضربات ضدهم وإلى الاستمرار في إمطارهم بالحجارة والزجاجات الحارقة.

كما دعت الجبهة جماهير شعبنا إلى مزيد من الوحدة والتلاحم واستمرار الحراك الشعبي والجماهيري وتصعيد وتائره وزخمه، وصولاً لانتفاضة شعبية شاملة ضد الاحتلال، فهي الوسيلة الكفيلة لمواجهة جرائم الاحتلال وتحطيم عربدة الإدارة الأمريكية وتجبرها على التخلي عن قرارها المتعلق بالقدس.

كما توجهت الجبهة بالتحية إلى أحرار العالم والمتضامنين مع قضيتنا والذين خرجوا إلى الشوارع تعبيراً عن رفضهم للقرار الأمريكي، وتأييداً ودعماً للقضية الفلسطينية وللقدس، داعية إياهم للاستمرار في تفعيل المقاطعة  الشاملة للاحتلال، وإلى محاصرة السفارات الأمريكية والصهيونية.

وختمت الجبهة بيانها بتجديد دعوتها لضرورة المضي قدماً في إنجاز المصالحة والوحدة، ومطالبة القيادة الفلسطينية بالتقاط رسالة الجماهير الشعبية التي خرجت بالآلاف دعماً للقدس، وإلى اتخاذ إجراءات ترتقي لمستوى تضحيات شعبنا، وعلى رأسها سحب الاعتراف بالكيان الصهيوني، والتحلل من اتفاقية أوسلو والتزاماتها الأمنية والاقتصادية والسياسية.

الجبهة الشعبية لتحرير فلسطين

قطاع غزة

15/12/2017

Saturday, December 16, 2017

Palestinian Fighter Ibrahim Abu Thuraya killed by Israeli soldiers in Gaza

Palestinian Fighter 
Ibrahim Abu Thuraya 

சிவப்பு அஞ்சலி!


Ibrahim Abu Thuraya lost his legs and one eye in 2008 during Israeli assault when 1,400 Palestinians were killed in 22 days,

Ibrahim said he would continue to resist despite his disability and regularly attend protests on the Gaza buffer zone (Reuters)



Tributes poured online on Friday for 29-year-old Ibrahim Abu Thuraya, a Palestinian man killed on the Gaza border during clashes with Israeli soldiers. 

He died instantly after being shot in the head by an Israeli soldier as clashes turned violent in the Gaza buffer zone. 

Famed for regularly attending protests on the Gaza Strip, Thuraya came to prominence after losing both his legs and one eye during Operation Cast-Lead, when Israeli forces killed 1,400 people in 22 
days. 

He was known for climbing up electricity poles and holding up Palestinian flags during protests. Ibrahim would describe his actions as "resisting despite his disability."

Two days before his death, activists filmed Ibrahim walking on his hands in the buffer zone without his wheelchair. 


In the video, he called on his fellow Palestinians to join the call to demand America "withdraw" its declaration to name Jerusalem the capital of Israel. 

"This land is our land. We are not going to give up. America has to withdraw the declaration it's made," said Ibrahim. 

"The most important thing is we are coming here to pass a message on to the Zionist occupation army that the Palestinian people are a strong people."


Ibrahim Abu Thuraya was known for climbing up electricity poles to plant Palestinian flags during protests (MEE/Muhammed Asa'ad)

Thousands are expected to attend his funeral on Saturday to remember the long-time activist who would often be seen leading chants and waving a Palestinian flag.

His body was pictured wrapped in a white Islamic shroud in preparation for his funeral.


He leaves behind 11 family members, including six sisters and five brothers,  who relied on him to survive.

Before losing his legs, he was a proud fisherman who would take his small boat to fish the waters near his home where he earned 14 to 19 dollars a day.

Thuraya subsequently supported his family by washing cars in Gaza where they lived in a crowded refugee camp

Both his father and mother had high blood pressure and diabetes which meant they were unable to work.

He would make $248 a month which he used to pay his electricity, rent and water bill. This was on top of the stipend he would receive for injured Palestinians each month.

Ibrahim told Shehab News Agency earlier this year that he dreamed of going abroad where he hoped foreign donors could help with his living costs. 


"I wish that I can own a home and I wish those good people can help me, and European countries and Arab countries can help me," said Ibrahim. 

"I wish I can get some help and be able to go abroad, and I can get prosthetic legs. But there are lots of costs involved for travel, it’s very difficult."


 His day would begin at 7 am where he would gather his supplies, tie his bucket to an old wheelchair and start his journey wheeling himself around Gaza looking for work.

Ibrahim would then join a queue for water and find a car to wash.

After wiping the rims, the sides and cleaning inside the wheel, he would then use his hands to hoist himself onto the boot of the car and work his way to the top of the vehicle.

Speaking about his disability, he told Irish Palestinian activists that he would refuse to take money from car owners without him doing a job.

"I'm not a hobo or a beggar. I can work and make my living," said Thuraya.


"Please never look at my disabled body. 
Look at the great job I'm doing;



(He died instantly after being shot in the head by an Israeli soldier  in the Gaza buffer zone.) 


 It's not the end of the world and life should go on. " 





 Ibrahim Abu Thuraya ஒளி நாடாக்கள்


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இஸ்ரேலின் நிர்மூலமே பாலஸ்தீனத்தின் பிரிந்து செல்லும் சுய நிர்ணய உரிமை!

புதிய ஈழப் புரட்சியாளர்கள்
Eelam New Bolsheviks
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Friday, December 15, 2017

4 Palestinians killed by Israeli forces in clashes over Trump decision on Jerusalem

ENB Poster- 18-year-old Muhammad Amin Aqel al-Adam succumbed to his wounds on Friday evening after he was shot multiple times by Israeli forces 
4 Palestinians killed by Israeli forces in clashes over Trump decision on Jerusalem
DEC. 15, 2017 8:09 P.M.

BETHLEHEM (Ma’an) -- Four Palestinians have been declared dead by the Palestinian Health Ministry in the West Bank and Gaza, after a day of violent clashes with Israeli forces on Friday across the occupied West Bank, East Jerusalem, and besieged Gaza Strip.

The ministry reported that 18-year-old Muhammad Amin Aqel al-Adam succumbed to his wounds on Friday evening after he was shot multiple times by Israeli forces in the central West Bank town of al-Bireh, after an alleged stabbing attempt against soldiers.

Al-Adam was a resident of the town of Beit Ula in the western Hebron district of the southern West Bank

In the Jerusalem area town of Anata, in the central West Bank, 29-year-old Bassel Mustafa Muhammad Ibrahim succumbed to his wounds shortly after being shot in the chest by Israeli forces during clashes in the town.

In the Gaza Strip, Israeli forces killed two Palestinians and injured hundreds others during clashes that broke out along the border between the besieged coastal enclave and Israel.

Yassir Sokhar, 31, a resident of the al-Shujaiyya neighborhood of eastern Gaza City was shot during clashes and declared dead by the ministry of health in Gaza.

The fourth slain Palestinian was identified by the ministry as Ibrahim Abu Thurayya, 29, who was shot in the head during clashes.

Ibrahim Abu Thurayya

Tributes to Abu Thurayya -- who was wheelchair-ridden after losing both his legs during Israel’s offensive on the Gaza Strip in 2008 -- popped up across social media, as Palestinians widely circulated a video of him calling on Palestinians to protest against US President Donald Trump’s recognition of Jerusalem as the capital of Israel.

Hundreds of Palestinians across the West Bank, East Jerusalem, and Gaza had been injured with live ammunition and rubber-coated steel bullets on Friday during clashes with Israeli forces in protest of Trump’s decision last week.

Friday’s events brought the death toll over the past week to 10 -- six Palestinians had previously been killed by Israeli forces over the past week, four in airstrikes and two in clashes.

Palestinians have vowed to continue protesting Trump’s unprecedented decision, which Palestinian and Arab leaders warned would cause instability and unrest in the region.

Trump’s announcement was the first step to a drastic abdication of longstanding US policy that has largely adhered to international standards on Israel-Palestine, which maintains that East Jerusalem is an intricate part of occupied Palestinian territory and the capital of any future Palestinian state, despite Israel’s annexation of the territory.

The fate of Jerusalem has been a focal point of the Israeli-Palestinian conflict for decades, with numerous tensions arising over Israeli threats regarding the status of non-Jewish religious sites in the city, and the "Judaization" of East Jerusalem through settlement construction and mass demolitions of Palestinian homes.

Thursday, December 14, 2017

3-year-old drums


3-year-old Anshuman Nandi first picked up drumsticks when he was all of nine months. You would think that his talent and expertise can outsmart a pro.

Wednesday, December 13, 2017

Indian Banking mess explained in 7 charts

Bad loans of Indian banks CROSSED Rs 8 lakh crore
Banking mess explained in 7 charts

Kishor Kadam 

Total bad loans of India's 38 listed commercial banks have crossed Rs 8 lakh crore at the end of June quarter. This chunk now accounts for nearly 11 percent of the total loans given by the banking industry.

Over 90 percent of these sticky assets are on the books of government-owned banks. These banks constitute about 70 percent of the total banking industry, in terms of assets, meaning the government will have to bear the burden of massive capital requirements of crisis-ridden industry. Higher bad loans require banks to set aside more money in terms of provisions. The provision amount varies on a case to case basis.

In recent years, Non-performing assets (NPAs) have emerged as a major headache for the government and the Reserve Bank of India (RBI). Clearly, both the RBI and government woke up to the
problem too late. The government has so far failed to infuse the required capital for state-run banks.

The actual bad loan scenario in the sector could be even worse if one accounts for the amount of loans that are being restructured under various schemes and are technically retained as standard on
the books of banks. If the economic cycle doesn't pick up as expected, a significant chunk of such loans too may turn bad. Former RBI officials have warned about this hidden problem.

KC Chakrabarty
"I’ll put the figure around Rs 20 lakh crore... One should include all troubled loans including reported bad loans, restructured assets, written off loans and bad loans that are not yet recognised,"
Former RBI deputy governor KC Chakrabarty had earlier told Firstpost in an exclusive interview.

The Modi government has time and again blamed the previous UPA-regime for the bad loan mess, saying NPAs are a legacy issue. It is not yet clear whether the government is seized of the enormity
of the problem. Indeed, the government has taken steps to address the bad loan problem like the NPA ordinance giving the central bank more power to direct banks to take action against loan
defaulters and passage of Insolvency and Bankruptcy Code (IBC).

While these steps are welcome, these are unlikely to help overcome the bad loan problem in the immediate future. It will take years before banks can get rid of NPAs accumulated over the years on
account of multiple factors.

The following seven charts give us various aspects of India's bad loan crisis:
Gross NPAs in Rs crore Infogram
The Asset Quality Review (AQR) initiated by RBI under former governor Raghuram Rajan and implemented from Q3 of FY16 resulted in a massive jump in gross NPAs. The figure more than doubled to Rs 8.29 lakh crore in June 2017 compared with Rs 3.51 lakh crore in September 2015, an addition of Rs 4.78 lakh crore in just seven quarters. In the first two quarters of implementation of these guidelines, the sector has seen Rs 2.45 lakh crore jump in gross NPAs. While in December 2015 quarter, gross NPAs surged by Rs 1 lakh crore, in March 2016 quarter this portion went up by another Rs 1.44 lakh crore. The RBI bad loan clean up process cannot be blamed for the escalation of NPAs, as it only forced banks to report the actual NPAs that were so far hidden in their balance sheets.

At some point, this process had to be started.

PSBs gross NPAs in Rs cr Infogram
Public sector banks (PSBs), which accounted for 90 percent of the total gross NPAs of the banking sector, has seen their gross NPAs jumping past Rs 7 lakh crore in June 2017 quarter. In the past
seven quarters, it jumped by Rs 4.18 lakh crore or 133 percent to Rs 7.33 lakh crore in June 2017 quarter from Rs 3.14 lakh crore in September 2015 quarter.

Private banks' gross NPAs in Rs cr Infogram
Gross NPAs of 17 private banks soared by 161 percent to Rs 96,201 crore in June 2017 quarter from Rs 36,878 crore in September 2015. The bad loan scenario of private banks as compared to their counterparts in public sector is much better. But, even there, there isn't immunity to the problem.

PSBs with higher gross NPAs (Rs cr) Infogram
State Bank of India (SBI), India's largest lender by assets, tops the bad loan chart. The bank has Rs 1.88 lakh crore of gross NPAs as on 30 June 2017. The figures now includes NPAs of five of its
associates after the merger. SBI's combine gross NPAs surged by 150 percent or Rs 1.13 lakh crore to Rs 1.88 lakh crore in the June quarter from Rs 75,068 crore in September 2015.

Punjab National Bank (PNB) comes second in the list with Rs 57,721 crore gross NPAs, followed by Bank of India (Rs 51,019 crore), IDBI Bank (Rs 50,173 crore) and Bank of Baroda (Rs 46,173 crore).

Private banks with higher gross NPAs (Rs cr)Infogram
ICICI Bank with Rs 43,148 crore gross NPAs tops the list. Its bad loans soared by 172 percent or Rs 27,290 crore in the past 7 quarters from Rs 15,858 crore in September 2015 to Rs 43,148 crore in
June 2017. Axis Bank stood at second position with Rs 22,031 crore bad loans. HDFC Bank was the distant third with Rs 7,243 crore of gross NPAs.

PSBs with higher gross NPAs as % to advances Infogram
As mentioned earlier, state-run banks are the primary victims in the bad loan story. IDBI Bank with 24.11 percent tops the list. That means every Rs 24 out of Rs 100 lent by the bank has not come back. Indian Overseas Bank follows with 23.6 percent gross NPAs and UCO Bank with 19.87 percent. Out of 21 state-run banks, 17 lenders recorded over 10 percent gross NPAs as percentage of their advances as of 30 June 2017. Another two had gross NPAs close to 10 percent each, while eight PSBs have gross NPAs of over 15 percent.

Pvt banks with higher gross NPAs as % to advances Infogram
Among 17 private banks, Jammu & Kashmir Bank tops the bad loan table with gross NPAs of 10.79 percent of its total advances as of 30 June 2017. ICICI Bank figures second in the list with 7.99
percent bad loans and Kerala-based Dhanalaxmi Bank follows next recording 5.62 percent of its loans as bad in the June quarter.

Published Date: Aug 17, 2017 

http://www.firstpost.com/business/bad-loans-of-indian-banks-cross-rs-800000-cr-banking-mess-explained-in-7-charts-3939999.html

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