5 Minutes Read

US, Taliban sign landmark deal on Afghanistan’s future

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

The United States signed a landmark deal with the Taliban on Saturday, laying out a timetable for a full troop withdrawal from Afghanistan within 14 months as it seeks an exit from its longest-ever war.

The United States signed a landmark deal with the Taliban on Saturday, laying out a timetable for a full troop withdrawal from Afghanistan within 14 months as it seeks an exit from its longest-ever war.

The agreement is expected to lead to a dialogue between the Taliban and the Kabul government that, if successful, could ultimately see an end to the grinding 18-year conflict.

Taliban fighter-turned-dealmaker Mullah Baradar signed the accord alongside Washington’s chief negotiator Zalmay Khalilzad, at a gilded desk in a conference room in a luxury Doha hotel.

The pair then shook hands, as people in the room shouted: “Allahu Akbar” (God is greatest).

US Secretary of State Mike Pompeo looked on as the two inked the deal, after urging the insurgents to “keep your promises to cut ties with Al-Qaeda”.

On the eve of the signing, President Donald Trump urged the Afghan people to embrace the chance for a new future.

“If the Taliban and the government of Afghanistan live up to these commitments, we will have a powerful path forward to end the war in Afghanistan and bring our troops home,” he said.

But the position of the Afghan government, which has been excluded from direct US-Taliban talks, remains unclear and the country is gripped by a fresh political crisis amid contested election results.

The Doha accord was drafted over a tempestuous year of dialogue marked by the abrupt cancellation of the effort by Trump in September.

The signing comes after a week-long, partial truce that has mostly held across Afghanistan, aimed at building confidence between the warring parties and showing the Taliban can control their forces.

The United States and its allies will withdraw all their forces from Afghanistan within 14 months if the Taliban abide by the terms of the accord.

After an initial reduction of troops to 8,600 within 135 days of Saturday’s signing, the US and its partners “will complete withdrawal of all remaining forces from Afghanistan” within 14 months.

NATO Secretary-General Jens Stoltenberg heralded the agreement as a “first step to lasting peace”.

“The way to peace is long and hard. We have to be prepared for setbacks, spoilers, there is no easy way to peace but this is an important first step,” the Norwegian former prime minister told reporters in Kabul.

Since the US-led invasion that ousted the Taliban after the September 11, 2001 attacks, America has spent more than $1 trillion in fighting and rebuilding in Afghanistan.

About 2,400 US soldiers have been killed, along with unknown tens of thousands of Afghan troops, Taliban fighters and Afghan civilians. The insurgents said they had halted all hostilities Saturday in honour of the agreement.

“Since the deal is being signed today, and our people are happy and celebrating it, we have halted all our military operations across the country,” Taliban spokesman Zabihullah Mujahid told AFP.

Any insurgent pledge to guarantee Afghanistan is never again used by jihadist movements such as Al-Qaeda and the Islamic State group to plot attacks abroad will be key to the deal’s viability.

The Taliban’s sheltering of Al-Qaeda was the main reason for the US invasion following the 9/11 attacks.

The group, which had risen to power in the 1990s in the chaos of civil war, suffered a swift defeat at the hands of the US and its allies. They retreated before re-emerging to lead a deadly insurgency against the new government in Kabul.

After the NATO combat mission ended in December 2014, the bulk of Western forces withdrew from the country, leaving it in an increasingly precarious position.

While Afghans are eager to see an end to the violence, experts say any prospective peace will depend on the outcome of talks between the Taliban and the Kabul government.

But with President Ashraf Ghani and rival Abdullah Abdullah at loggerheads over contested election results, few expect the pair to present a united front, unlike the Taliban, who would then be in a position to take the upper hand in negotiations.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

Q3 GDP growth at near 7-year low, here’s what it means according to experts

The third-quarter gross domestic product (GDP) numbers are hiding more of the slowdown than they reveal. Although, the Q3 headline GDP has come in at 4.7 percent versus the expected 4.6 percent thrown by the CNBC-TV18 poll, is this a cause for joy? No, and that is because the actual GDP for the first quarter of the current year has been revised lower by about Rs 45,000 crore.

Yet, the Q1 GDP has been revised up from 5 percent to 5.6 percent and Q2 GDP has been revised higher to 5.1 percent from the earlier 4.5 percent. How come the GDP amount is lower but the rate of growth is higher? That is because last year’s GDP numbers have been revised much lower. Net-net, Q3 of the current year is the slowest quarterly growth since the great financial crisis. What is worse is consumption is slowing and investment has gone for a toss, it is negative.

Former chief statistician, Pronab Sen said, “I was a little surprised that they revised first two-quarters numbers this year as this is almost never done at the stage of advance tax estimates, it is done at the stage of the first full estimate which is usually later. So, this is quite unusual. I think it is basically to protect that 5 percent, because now what happens is, unless the fourth quarter shows less than 4.5 percent, your 5 percent will be met.”

Sudipto Mundle, former chairman of NSC and board member of NIPFP said, “On the demand side, consumption has slowed down and there is a very sharp decline in the growth of investment rate. The percent of GDP has really gone down. The saving grace in a sense is the negative development, namely the very sharp decline in imports. It is a reflection of the decline in the economy that we are importing less. But since the decline in imports is much sharper than the export, so the trade balance has moderated the decline in growth. So, that is helpful apart from the fact that the other positive is the government final consumption is holding up.”

Soumya Kanti Ghosh, group chief economic advisor, SBI said “The interesting part is that the FY20 downward revision is around Rs 95,000 crore and the FY19 downward revision is also of the same amount. So, basically the 5 percent growth rate has been protected possibly by the exactly equivalent downward revision in both years. Remember, you are talking about 5.6 percent growth rate this year. If the base was not changed this year, the growth rate in the first quarter would have been at 6.7 percent. So, basically a lower base in this year has actually pulled down the growth rate to 5.6 percent from 6.7 percent.”

 5 Minutes Read

Big Deal: SBI Cards IPO to open on March 2; here’s what management has to say

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

SBI Cards IPO is going to be big fundraising and is set to get a market capitalisation of about Rs 70,000 crore on its listing on March 2.

SBI Cards IPO is going to be big fundraising and is set to get a market capitalisation of about Rs 70,000 crore on its listing on March 2.

CNBC-TV18’s Nisha Poddar caught with the team of SBI Card and spoke to them about all the queries that one may have as an investor.

Sunil Kaul, head, south-east Asia of Carlyle Asia said, “This has been a good investment for us and we are obviously happy with the performance. But to me, the matter of great pride and satisfaction is the work that the management team has done over the last 2-3 years.”

SBI, managing director Dinesh Khara, said, “The fact of the matter is that it gives the opportunity for the kind of capital which is awaiting to be deployed. Here is an issuance which is an issuance from a company which has got long term prospects, which has got huge opportunity to tap. I think from that perspective, it is a great investment opportunity.”

Allaying investor fears, Hardayal Prasad, managing director and chief executive officer of SBI Cards said, “The retail usually gets affected almost about 9-12 months after the industry or the economy goes down. So, there could be some issues regarding that. However, we strongly feel that credit card penetration in India is very low and the opportunity in tier II and tier III cities is so high that this kind of growth will continue for quite some time.”

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

Next Article

Shanghai residents turn to NFTs to record COVID lockdown, combat censorship

LIVE TV

today's market

index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
Quiz
Powered by
Are you a Crypto Head? It’s time to prove it!
10 Questions · 5 Minutes
Start Quiz Now
Win WRX (WazirX token) worth Rs. 1500.
Question 1 of 5

What coins do you think will be valuable over next 3 years?

Answer Anonymously

Should Elon Musk be able to buy Twitter?

Hi Life: Gauri Khan on interiors and future of Gauri Khan Designs

Gauri Khan

Hi Life, the one-stop destination for trendspotting in the world of food, fashion, fast cars, high-tech and celebrities.

A film producer, an interior designer and founder of Gauri Khan Designs, Gauri Khan has carved a niche for herself with her flawless taste. She has designed spaces for high profile individuals like Mukesh Ambani, Karan Johar, and many more. CNBC-TV18’s Priya Sheth caught up with Gauri Khan and spoke to her about her love for interiors and the future of the company.

Also, Sohila Bajaj catches up with Conrad Bengaluru’s Executive Chef, Chef Praveen and taste tests their scrumptious and healthy options like Frozen Apple, Arugula Soup and Beetroot Macrons.

Lastly, ace Makeup Artist Cory Walia give tips and tricks for the women who love makeup but always are on the move. These tips will have you looking fresh and fabulous all day long.

Overdrive: First drive review of 2020 Toyota Vellfire

From the Suzuki Ertiga to the Toyota Innova and to the newly launched Kia Carnival, the Multi-Purpose Vehicle (MPV) is proving to be a very resilient segment in a tough market. Toyota has decided to take the fight to luxury brands with an all-new MPV which is called the Vellfire.

The Vellfire quite literally stands out on the road. The vertical chrome nose helps its presence and even the hyper chrome 17-inch wheels do not seem overdone. The interiors have also been optimized cleverly.

Overdrive: First drive review of Triumph Tiger 900 Rally Pro

Triumph Tiger 900 Rally Pro

In this episode of Overdrive, we test-drive British motorcycle manufacturer Triumph Motorcycles’ Triumph Tiger 900 Rally Pro.

The off-road variant Rally Pro is completely different from Tiger 900 GT Pro. It is not just the tall stance, but Rally Pro also comes with a new suspension and tubeless wheels.

Compared to the GT, the handle-bar on the Rally Pro is 5 mm wider, the footpegs are set rearward and rear brake lever is off-road friendly too.

Overdrive: First drive review of Triumph Tiger 900 GT Pro

Tiger 900 GT Pro

In this episode of Overdrive, we test-drive British motorcycle manufacturer Triumph Motorcycles’ Tiger 900 GT Pro.

If you are going to spend time on sport touring or even riding to work, Tiger 900 GT Pro is the tiger ideal choice to go for. It uses cast wheels, has an electronically adjustable rear suspension, cruise control, and a big dashboard that pairs with your phone for navigation and even controlling the GoPro.

Storyboard: Kantar in partnership with Vtion releases India’s first OTT audience measurement report

Global research and data consultancy Kantar in partnership with Vtion has released India’s first over-the-top (OTT) audience measurement report that gives a comprehensive understanding of audience behaviour, insights for communication planning as well assessment of ROI for media investments across OTT video platforms, OTT audio streaming & podcasting and broadcast Radio FM platforms.

On the sidelines of this report launch, Storyboard’s Ankita Saxena spoke to Hemant Mehta, managing director at Kantar and chief strategy officer, Kantar South Asia and Manoj Dawane, founder and CEO of Vtion about the prospects of audio OTT Streaming platforms and radio for a marketer.

Also, on Noticeboard, Whisper released a stirring campaign to #KeepGirlsInSchool and prevent them from dropping out when they get their periods. As part of this campaign, Whisper launched its new film that aims to create awareness on how even today, girls across India drop out of school on hitting puberty and we don’t even notice. To bridge this gap, Whisper aims to reinforce its pledge to double the impact of their existing menstrual hygiene education program by reaching 5 crore girls by 2022.

Storyboard: Leo Burnett’s top creative leaders on advertising and retaining talent

Publicis Groupe-owned ad agency Leo Burnett recently hosted their event Global Product Committee (GPC) in Mumbai. This event comprises of Leo Burnett’s top creative leaders from around the globe and they gather to evaluate work from many of its agencies offices.

On the sidelines of GPC, Storyboard’s Shibani Gharat caught up with Liz Taylor, global chief creative officer at Leo Burnett Worldwide along with Rajdeepak Das, managing director India and chief creative officer at Leo Burnett, South Asia and Dheeraj Sinha, managing director India and CSO at Leo Burnett, South Asia and spoke to them about many things including company’s efforts in helping prepare the younger set of ad execs and also to attract and retain high-calibre employees within the agency.