Hamas political chief calls for 'unified command' against Israel, urges PLO to abolish Oslo Accords

New Delhi, May 22: Reserve Bank of India (RBI) Governor Shaktikanta Das on Monday said most of the withdrawn Rs 2,000 rupee notes are expected to be returned by the deadline of September 30.

Speaking to reporters for the first time since the surprise decision to withdraw the highest denomination currency note was announced, Das said the decision was part of currency management.

Rs 2,000 currency notes continue to be legal tender, Das added.

Indian currency management system is very robust, exchange rate has remained stable despite crisis in financial markets due to war in Ukraine and failure of certain banks in the West, he said.

The impact of the withdrawal on the economy will be "very very marginal", he said, adding Rs 2,000 currency notes made up for just 10.8 per cent of the total currency in circulation. He said Rs 2,000 rupee notes were introduced primarily to replenish the currency that was withdrawn following 2016 demonetisation, he said.

While the withdrawn Rs 2,000 rupee notes can either be deposited in bank accounts or exchange for other currency, banks have been advised to make necessary arrangements for exchange, he said.

"We expect most of Rs 2,000 bank notes to come back to the exchequer by September 30," he said. "We have more than adequate quantities of printed notes already available in the system, not just with RBI but with currency chests operated by banks. There is no reason for worry. We have sufficient stocks, no need to worry."

RBI, he said, was sensitive to difficulties faced by people and would come out with regulations if need be.

Existing income tax requirement of furnishing PAN for deposits of Rs 50,000 or more in bank accounts will continue to apply for deposits of the withdrawn 2000 rupee notes, he said.

Das said liquidity in the system is being monitored on a daily basis.

Congress leader Rahul Gandhi Saturday, reacting to the party’s victory in Karnataka Assembly elections, said that he did not fight a divisive battle, and that “the strength of crony-capitalism was defeated by the power of poor.”

Addressing a press conference in party headquarters in New Delhi, Gandhi said, “the markets of hatred have closed down, and shops of love have opened in Karnataka.”

The BJP lost its only bastion in the south today, with Karnataka Chief Minister Basavaraj Bommai conceding defeat shortly after the Congress leads moved past 130 seats. The BJP is ahead on 60-plus seats and HD Kumaraswamy's JD(S) in over 20 seats.

Conceding defeat, Chief Minister Basavaraj Bommai told reporters: "In spite of a lot of efforts put in by the Prime Minister and the BJP workers, we have not been able to make the mark. Once the full results come, we will do a detailed analysis... We take this result in our stride to come back in Lok Sabha elections."

In the 2018 elections, the BJP had won 104 seats, the Congress 80 and the JDS 37 in Karnataka. The BJP's BS Yediyurappa formed government but resigned before a majority test. Then, the Congress and the JDS formed a coalition government. The coalition government lasted 14 months after which 16 MLAs switched to the BJP, toppling the government and bringing the BJP back in power.

The Karnataka results is expected to boost the Congress ahead of next year's general elections and the assembly polls in three states later this year. The party is hoping to make a comeback in Rajasthan and Chhattisgarh. It is also hoping to win back Madhya Pradesh, where its government crashed in 2020 with the defection of Jyotiraditya Scindia and his loyalists.

The results will be crucial for the BJP in terms of next year's national elections. The state accounts for 28 Lok Sabha seats. While the BJP vote share in the assembly polls has not dropped in comparison to 2018, the elections indicate that the party has not been able to make its much-needed breakthrough into the Vokkaliga and the Scheduled Castes and Tribes votes.

The Congress gains have hugely cheered the opposition. "The message from Karnataka is that the 'end' of BJP's negative, communal, corrupt, rich-oriented, anti-women-youth, social-divisive, false propaganda, individualistic politics has begun," tweeted Samajwadi Party chief Akhilesh Yadav.

London, May 16: The majority of Palestinians are opposed to the Abraham Accords, the agreements that normalized diplomatic relations between Israel and some Arab nations in 2020, and that just over a half believe it made Israel more aggressive, a new survey suggested.

The latest Arab News-YouGov poll about the Palestinian situation from the point of view of Palestinians on the 75th anniversary of the Nakba, revealed that 64 percent of the respondents said to be against the accords, with only 10 percent expressing a favorable opinion.

The Abraham Accords, signed in September 2020, are a series of agreements between Israel and four Arab countries  — the United Arab Emirates, Bahrain, Sudan, and Morocco  — that established formal diplomatic relations, including the exchange of ambassadors and the opening of embassies.

The Accords, mediated by the Trump administration, were hailed as a major breakthrough in Middle East diplomacy.

However, the agreements have been met with widespread opposition from Palestinians, who believe they fail to address the root causes of the conflict. 

When asked about the impact of the Accords, 52 percent of those surveyed said that the agreement had made Israel more aggressive towards the Palestinians, while 43 percent said they had seen no impact or change, and only 6 percent said they believed the agreement had made the situation better.

The results of the poll highlight a deep mistrust of Palestinians towards a possible peaceful resolution of the conflict, as they show that the Abraham Accords failed to produce tangible improvements for Palestinians.

This mistrust was foretold by former Saudi intelligence chief Prince Turki al Faisal, who said in an interview with Arab News’ “Frankly Speaking” video show in May last year that there is no evidence that embracing Israel has made it less aggressive towards Palestinians.

Prince Faisal argued that despite some Arab countries having normalized their relationship with Israel, the situation in the West Bank and Gaza remains the same.

“Attacks and assassinations of Palestinian individuals take place almost on a daily basis. The stealing of Palestinian land by Israel continues despite the assurances that Israel gave to the signatories of the peace (accord) between the UAE and Israel,” Prince Faisal said.

“So, there is no sign whatsoever that appeasing Israel is going to change their attitude.”

The poll also revealed the most commonly chosen reasons for the failure of peace talks, unveiling a fragmented, complex picture.

The top reason, chosen by 21 percent of respondents, was “Continued Israeli intimidation, settlements, and annexation.”

This was followed by “US bias towards Israel,” chosen by 15 percent, and “mistakes and lack of leadership of the Palestinian Authority,” chosen as the top reason by 14 percent of people surveyed.

While 11 percent of respondents saw the disputes over Al-Aqsa Mosque and the status of Jerusalem as significant barriers to peace, 32 percent of interviewees believed that Palestinian armed militias sabotaging the peace talks ranked at the bottom of the reasons for failure.

These results suggest that Palestinians see a range of factors contributing to the failure of past peace talks and initiatives, including both internal and external factors. However, only 2 percent of respondents ranked the issue of the “Palestinian state’s ability to carry arms and defend itself” as the top reason for the failure.

Interestingly, the poll also revealed that a significant proportion of respondents  — 31 percent  — did not choose any of the six options presented, indicating a level of uncertainty or frustration with the peace process.