Tag: Republic

Only women contingents to be part of 2024 Republic Day parade: Defence Ministry

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New Delhi: In an effort to encourage female participation in various sectors, the government has decided that the Republic Day parade at Kartavya Path will see participation only by women in march pasts, tableaux and other performances.
The Defence Ministry, in this regard, has written a letter to the armed forces and other government departments associated with the parade, stating that the marching contingents, military bands accompanying the marching contingents and tableaux will have only women participants.
The letter comes as a surprise for several senior military officers and has also created confusion. Many believe that there aren’t enough women available in forces for this. The current situation is that some marching contingents consist of men only.

Significantly, the armed forces have taken several measures, including assigning command roles to women, grooming them for future leadership roles and allowing them to join artillery regiments, to promote gender equality.
According to information, the decision to encourage women’s participation in the parade was taken during a meeting held on February 7. The meeting, chaired by Defence Secretary Giridhar Aramane, was attended by senior representatives from the Army, Navy, Air Force, Ministry of Home Affairs, Ministry of Housing and Urban Affairs, Ministry of Culture, and Ministry of Education.
About a month after the meeting, the Defence Ministry formally issued a letter to participating forces, ministries and departments on March 1.
In the letter, emphasis was laid on the role of women in the parade to be held next year.
The letter noted that after detailed deliberations, it has been decided that the contingents (marching and bands), tableaux and other displays during the parade on the Kartavya Path will have only women participants.

All the participating ministries, departments and organisations have also been asked to initiate preparations for the same and share the progress made with the Defence Ministry from time to time.
Some senior officials believe that the government will do what is practical, and for the time being it is difficult to have only female participants in all marching and band contingents.
Significantly, the marching contingents of the infantry in the Republic Day parade constitute the largest number of personnel. Officials argue that women have not yet been included in the infantry. Officers who lead marching contingents consist of personnel below officer rank (PBOR) and the Army has the PBOR cadre women personnel only in the Military Police Corps, they assert.
However, it is not that women have no representation in force or that women are marginalised. They are being assigned roles equivalent to men in all three services – they fly fighter aircraft, serve on warships, are inducted into the PBOR cadre, are eligible for permanent commission, are assigned command roles, and also women officers are undergoing training at the National Defence Academy. Despite this, infantry, tanks and combat positions still do not have that participation of women.
According to the Indian Army, Colonel Geeta Rana has recently become the first woman army officer to command an independent unit in the sensitive Ladakh region bordering China. Apart from this, for the first time, the army has deployed a woman officer Captain Shiva Chauhan in the world’s highest and coldest battlefield Siachen this year itself. The army has also deployed its largest contingent of 27 women peacekeepers to the disputed region of Abyei in Sudan.
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#women #contingents #part #Republic #Day #parade #Defence #Ministry
( With inputs from www.siasat.com )

May 7, 2023
What JPMorgan’s purchase of First Republic means for the economy

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“The seizure and subsidized on-sale of First Republic completes the obvious unfinished business from the initial acute phase of the bank stress,” Krishna Guha, vice chairman at advisory and investment firm Evercore ISI, wrote in a note to clients. “But we think this is only the very early stages of the chronic phase.”
Let’s break down what you need to know.
How are First Republic’s troubles connected to what happened to the other lenders in March?
The three regional lenders — SVB, Signature and First Republic — suffered from similar issues. Each catered to companies and wealthy individuals whose balances far exceeded the $250,000 deposit insurance limit, which meant a huge majority of those funds weren’t backed by the FDIC. That made their customers unusually panicky when questions about the banks’ solvency cropped up. And the three lenders all failed to prepare for rising interest rates, which made a large chunk of their government bonds and other assets plunge in value.
First Republic experienced a run at the same time as the other two, but it was able to limp along longer because a slew of big banks — including JPMorgan — collectively deposited $30 billion there in an effort to stem the panic. That obviously didn’t succeed at saving the bank, but it did give officials a lot more time to figure out how to handle the foundering lender, which essentially became a zombie bank — meaning it was basically insolvent but being propped up by others — until it was seized and then sold by the FDIC.
Did the government back uninsured deposits at First Republic?
No, deposits at First Republic will now simply become deposits at Chase Bank. This was a good outcome for the FDIC, which didn’t want a replay of March, in which they and other government officials agreed to invoke a special legal provision allowing them to back uninsured deposits at SVB and Signature. They took that step for the two banks because they worried that if they didn’t, uninsured depositors at other banks would also run, sparking needless panic across the system. In the wake of that move, there’s been some question about whether the government would be willing to do the same thing for other failed banks.
Selling First Republic sidesteps that problem. This result is especially welcome for the government politically because by the time it failed, a large number of the uninsured deposits at First Republic were simply money that had been poured in by big banks. Backing those deposits would have been a bad look to the public. But failing to do so would’ve signaled that the government wouldn’t necessarily stand behind any deposits at failing banks — jeopardizing a convenient ambiguity that has helped stabilize the system, at least for now.
Still, the FDIC expects to take a $13 billion loss to its deposit insurance fund, financed by fees from banks. That’s because it’s sharing some of the losses from First Republic’s portfolio of residential mortgages and commercial loans.
Are more banks going to fail?
It’s very possible, but there are no obvious candidates teetering the way First Republic has been. And all three of those failed banks shared clear links: lots of runnable deposits and huge unrealized losses on their books.

Financial regulators are keeping an eye out for other risks that accompany higher borrowing costs, such as the potential for losses on commercial real estate, which has been in a period of sustained uncertainty in the wake of the pandemic as large numbers of workers no longer use office space.
No doubt other financial firms will experience trouble as interest rates stay high and growth slows. Some might not be banks; government officials worry in particular about nonbank companies such as asset managers and insurers that are less regulated but still interconnected with the banking system.
In the meantime, what will matter for the economy is to what extent the stress in the banking system leads lenders to pull back on extending credit, which could slow growth as much as would any further interest rate hikes.
So wait, isn’t JPMorgan Chase already huge? Now it’s going to get bigger?
This will definitely be a political talking point as Washington looks over the details of the sale. On the one hand, the FDIC selling an insolvent bank to another bank, and sharing in the losses, is generally how bank failures play out. But a lot of Democrats won’t love that a bank they consider “too big to fail” is now getting even bigger. Indeed, JPMorgan normally is barred from buying other banks because it controls more than 10 percent of the deposits in the country. But that cap doesn’t apply when the bank being bought is insolvent.
To put things in perspective, First Republic had about $229 billion in assets, the second-largest bank failure in history, behind only Washington Mutual. JPMorgan has more than $3.7 trillion in assets. (One side note: Washington Mutual was also bought by JPMorgan after its collapse in 2008.)
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#JPMorgans #purchase #Republic #means #economy
( With inputs from : www.politico.com )

May 1, 2023
JPMorgan Chase buys First Republic in bid to end bank turmoil

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The bank’s demise is the latest fallout from the stunning fall of SVB, which sparked runs at similar institutions, including Signature. These banks all had an unusually large number of deposits that weren’t backed by the FDIC because they catered to companies and wealthy individuals whose balances far exceeded the $250,000 deposit insurance limit.
That led to runs as depositors worried about the solvency of these banks, which all held significant portfolios of assets that had dropped in value.
JPMorgan CEO Jamie Dimon on a call with analysts said the banking system is stable, but acknowledged that “no crystal ball is perfect.”
“Hopefully this mini-bank crisis is over,” he said.
The Treasury Department in a statement said the banking system “remains sound and resilient, and Americans should feel confident in the safety of their deposits and the ability of the banking system to fulfill its essential function of providing credit to businesses and families.”
The FDIC will share some of the losses from First Republic’s portfolio of residential mortgages and commercial loans, and provide $50 billion in financing for the buyer, according to a press release from JPMorgan. The agency said it expects a $13 billion hit to its deposit insurance fund, which is financed by fees from banks.
In its release, JPMorgan said it has bought $173 billion in loans and $30 billion in securities. It will also assume $92 billion in deposits, “including $30 billion of large bank deposits, which will be repaid post-close or eliminated in consolidation.”
On March 16 — less than a week after uninsured depositors at SVB and Signature Bank were rescued by federal banking regulators — 11 of the nation’s largest financial institutions, including JPMorgan, deposited $30 billion into First Republic in an attempt to shore up its balance sheet.

The lender was slammed by more than $100 billion of withdrawals as panic swept across the regional banking sector last month, and the majority of uninsured deposits remaining at First Republic came from that infusion of cash.
The deal means government officials did not have to decide whether to once again back uninsured deposits at a failed bank, as they aim to keep calm in the banking sector.
FDIC board member Jonathan McKernan, a Republican who joined the agency in May, said he was “pleased we were able to deal with First Republic’s failure without using the FDIC’s emergency powers.”
“It is a grave and unfortunate event when the FDIC uses these emergency powers,” he said. “The March 12 rescue of SVB and Signature’s uninsured depositors was an admission that 15 years of reform efforts have not been a success,” arguing that the agency should “avoid the temptation to pile on yet more prescriptive regulation or otherwise push responsible risk taking out of the banking system.”
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#JPMorgan #Chase #buys #Republic #bid #bank #turmoil
( With inputs from : www.politico.com )

May 1, 2023
FDIC, Wall Street scramble to pull together sale of First Republic Bank

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Formal bids for First Republic — which has seen heavy deposit outflows and suffered massive share price declines in recent weeks — are due to the FDIC by the middle of the day on Sunday, according to the people, who requested anonymity to provide details of the discussions.
Federal regulators are hoping to put an end to turmoil in the banking industry following the stunning collapse of Silicon Valley Bank and Signature Bank last month. First Republic’s problems largely stemmed from the panic that engulfed those two banks amid a run on deposits.
First Republic, until this year one of the more envied banking franchises in America with over $200 billion in assets at the end of the first quarter, would be the third-largest bank failure in U.S. history after SVB and Washington Mutual. First Republic issued a grim earnings report last week that showed just how fast deposits were racing away, replaced by more expensive loans, an unsustainable formula that helped spark the latest stock price collapse.
While JPMorgan and PNC Financial expressed interest in a First Republic deal on Thursday, the bidding process was formally opened up on Friday, which could clear the way for another large bank to also make the winning offer, one person familiar with the process said.
It also remains possible that the FDIC could decide that the bids they receive are insufficient and no deal could emerge. That would mean First Republic opening for business again on Monday and trying to survive at least until regulators agree to a subsequent bid.
First Republic, a California-based institution with a strong track record and highly desirable customer base, has been foundering and bleeding deposits since the failure of SVB and Signature. Like those two, First Republic has a large number of customers with deposits that exceed the FDIC-guaranteed limit of $250,000 in their accounts.
When the government rescued SVB and Signature, regulators hoped that their decision to backstop all deposits at both banks would send a message to depositors that they shouldn’t worry about the money in their bank accounts.
That worked to a degree but it did not stop rapid deposit outflows from First Republic or end a share price rout that saw the bank’s stock slide another 40 percent on Friday to close at just $3.51, a nearly 98 percent drop from this time last year. The consensus among investors is that First Republic will continue to founder if not rescued by a combined public and private sector deal by the time markets open on Monday.

A group of big banks including JPMorgan and PNC tried to shore up First Republic last month by injecting $30 billion in deposits. It did not work.
JPMorgan, PNC and the FDIC all declined to comment on the talks.
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#FDIC #Wall #Street #scramble #pull #sale #Republic #Bank
( With inputs from : www.politico.com )

April 30, 2023
First Republic Bank shares fall 50% after reporting dramatic slump in deposits

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First Republic Bank’s shares closed down 50% on Tuesday, a day after the mid-sized US bank announced a dramatic slump in deposits.
On Monday the San Francisco-headquartered reported a more than $100bn plunge in deposits in the quarter in the aftermath, sparking fears that it could be the third bank to fail after the collapse of Silicon Valley Bank and Signature Bank.
Amid the biggest turmoil to hit the banking sector since 2008, the bank now faces tough options to turn around its business with the creation of a “bad bank” or asset sales possibilities, a source familiar with the matter said, after the lender showed the extent of deposit flight during last month’s banking crisis.
“If someone were to acquire them … there’s going to be some big writedowns that would have to be taken against some of the assets given the rate cycle,” Christopher Wolfe, head of North American banks at Fitch Ratings, told Reuters, referring to the bank’s mortgage loan book and securities portfolio.
“The options are very challenging and probably very costly, especially for shareholders,” Wolfe said. “Who’s going to bear the cost?”
First Republic said on Monday it was “pursuing strategic options” to quickly strengthen the bank, without providing details.
The lender was studying all options, a person familiar with the matter said on Monday, speaking on condition of anonymity because the discussions were private.
The source said the bank wanted the US government to help by convening parties that could buoy San Francisco-based First Republic’s fortunes, including private equity firms and big lenders.

Options include an asset sale of up to $100bn, a source familiar with the situation said. Bloomberg News earlier reported the chance of asset sales and said buyers might receive incentives such as warrants or preferred equity.
The bad bank possibility, earlier reported by CNBC, is a crisis-type method of isolating financial assets that have problems.
The latest woes in the banking sector were felt among other banks and the broader market with the KBW Regional Banking Index dropping 3.8% and the broader S&P 500 bank index down 2.6%.
Wall Street analysts expect challenges to extend through the year after failures at Silicon Valley Bank and Signature last month created a liquidity crunch at a slew of regional lenders.
The bank has been reeling as it navigates the twin challenges of assuring customers their deposits remain safe and investors that it has liquidity to emerge from the crisis.
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“Although deposits have stabilized since quarter-end, the company’s liquidity questions have turned into earnings questions,” said analysts at Piper Sandler.
The sector-wide upheaval has led to the KBW Regional Banking Index contracting nearly 22% this year, while First Republic shares dived roughly 87% in the fallout.
“The question is whether the risk was First Republic specific or whether it will lead to larger banking concerns,” brokerage JonesTrading wrote in a note.
First Republic said on Monday it plans to shrink its balance sheet and slash expenses by cutting executive compensation, paring back office space and laying off 20% to 25% of employees in the second quarter.
Last month, concerns about the bank’s health had prompted top power brokers including US Treasury Secretary Janet Yellen, Federal Reserve chair Jerome Powell and JPMorgan’s CEO Jamie Dimon to put together an unprecedented $30bn rescue deal.
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#Republic #Bank #shares #fall #reporting #dramatic #slump #deposits
( With inputs from : www.theguardian.com )

April 26, 2023
Big lenders inject $30B into embattled First Republic Bank

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The infusion of money is intended to sweep away fears by depositors and investors that First Republic and other midsize banks could fall victim to perilous runs. The private sector action could also help the Biden administration avoid the politically damaging charge that it is bailing out banks.
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo will each kick in $5 billion, with other institutions providing smaller amounts, according to a statement by the lenders.
“The banking system has strong credit, plenty of liquidity, strong capital and strong profitability,” the banks said in a joint statement. “Recent events did nothing to change this.”
First Republic, the country’s 14th-largest bank by assets, was rocked by the collapse of Silicon Valley Bank in a $42 billion run on deposits late last week. Signature Bank, a New York institution with deep ties to the crypto industry, was shuttered by regulators on Sunday.
Worries about financial instability have ricocheted across Wall Street and among Washington policymakers amid speculation that more bank failures could come.
But stocks surged on the First Republic news, with the Dow Jones Industrial Average rising more than 300 points.
More than two-thirds of First Republic’s domestic deposits exceed the FDIC’s insurance limit of $250,000. Investors’ uncertainty over the bank’s prospects prompted Fitch Ratings to downgrade its credit rating on Wednesday.
Nearly 94 percent of domestic deposits at Silicon Valley Bank were uninsured, as were almost 90 percent of Signature’s, according to S&P Global Market Intelligence data.

A First Republic spokesperson declined to comment when contacted prior to the announcement.
President Joe Biden and Yellen have sought to assuage concerns about the system. “Our banking system remains sound,” Yellen told the Senate Finance Committee on Thursday. “Americans can feel confident that their deposits will be there when they need them.”
The rescue package announced for Silicon Valley Bank and Signature Bank guaranteed all the lenders’ deposits, even for the uninsured. Separately, the Fed set up a facility to make cash loans available to all banks for up to a year in exchange for safe collateral, which would theoretically allow the lenders to handle deposit withdrawals of any amount.
The banking sector’s troubles have set off a frenzy of finger-pointing on Capitol Hill about the root cause. Republicans have gone after the Fed, whose aggressive rate hikes in the last year have diminished the value of the bonds and loans that banks hold on their balance sheets.
Sen. Elizabeth Warren (D-Mass.) has blamed a bipartisan law passed in 2018 for loosening certain post-financial-crisis banking reforms. Many policymakers have pinned it on the banks’ management teams.
In the aftermath of the bank failures, the Federal Reserve has seen a sharp increase in loans extended to financial institutions.
Under an existing primary credit lending program, banks borrowed $148.2 billion in the week ending Wednesday, resulting in a record $152.9 billion of outstanding loans. In addition, the new facility —the Bank Term Funding Program — saw an initial draw of $11.9 billion of loans.
The Fed also disclosed that there was $142.8 billion of loans made to the so-called bridge banks that were set up as operating vehicles for Silicon Valley Bank and Signature.
Zachary Warmbrodt contributed reporting.
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( With inputs from : www.politico.com )

March 17, 2023
Hyderabad Cricket has become a banana republic; no sensibility, no direction except losing matches

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Hyderabad cricket is in a pitiable state. It has recently recorded its worst ever performance in the Ranji Trophy Championship. In the past Hyderabad used to be known for it’s daredevilry. Its batsmen never hesitated to play their shots. The bowlers used to be very crafty – especially the spinners who were among the best in India. They could break the spine of the strongest batting line ups. Hyderabad also used to be a rival that the big guns took very seriously.
Now Hyderabad has declined to unprecedented depths in the Ranji trophy. The six defeats are testimony to the team’s abject failure. Hyderabad finished with just one point from seven matches and was demoted to the Plate group for the next season. This is the third time that Hyderabad has faced this ignominy.
Those who love Hyderabad cricket passionately are in despair. How long will this torture go on? How many defeats and humiliations will it take to shake the HCA administration out of its slumber?
The famous basketball coach of the USA, John Robert Wooden once said something that applies very aptly to Hyderabad’s present condition. He said: “Failure against rivals is not fatal. But failure to change one’s methods can be fatal.” Meaning, the best of teams may fail from time to time. But as long as they learn from that failure and change their methods, they are safe. Success will come one day. But in Hyderabad, no lesson has been learnt from failures and nothing has changed.
Year after year we see the same story being repeated. The internal squabbling between administrators continues endlessly. The local league cricket is not being conducted in a systematic and progressive manner. Recently the media exposed how the increase in the number of teams has led to a further increase in malpractices.
A former well experienced state player who is now a top official in one of the cricket clubs told this correspondent that in 2019-2020 the number of teams in the A-1 Division 3-Day league was suddenly increased from 18 to 35 without any rhyme or reason. Now the number has risen further.
“This has brought down the standard at the topmost level of the Hyderabad leagues. Because players can now score a century or take five wickets against obscure rivals and thereby stake a claim for a place in the state side. In the season of 2021-2022 the same story was repeated. And this season has started badly again. Things are going wrong because rules are being flouted regularly with utter impunity,” he pointed out.
“When so many teams are playing, obviously there is a lack of top quality grounds. What is the standard of the pitches and outfields on which league matches are played? Does anybody pay any attention to these important aspects of the game? On poorly maintained grounds, players cannot show their skill. There is enough money in the game to improve infrastructure. But it is not being done. If the conduct of league tournaments does not improve, it logically follows that there will be no improvement in Hyderabad cricket,” he lamented.

Another official pointed out that many questionable decisions were made in Hyderabad’s participation in domestic tournaments. Many choices were haphazard and irrational. For the Syed Mushtaq Ali Trophy tournament, seven different opening pairs were tried out. Eleven new players made their debut. Players with immense potential were overlooked and players with little experience and poor scores were selected. Players who succeeded in one match found themselves dropped for the next match. There was not even a semblance of stability in the side. The coaching staff consisted of only one head coach without any assistant coach or fielding coach.
As the saying goes in all sports, the grassroots level is where the talent takes root. That organisation which can improve cricket at the lowest level will rise to great heights at the topmost level. But in Hyderabad nobody seems to care. The HCA seems to have developed a skin so thick that the worst humiliation cannot bring about a sense of shame.
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#Hyderabad #Cricket #banana #republic #sensibility #direction #losing #matches
( With inputs from www.siasat.com )

January 29, 2023
UAE President, PM extend greetings on India’s Republic Day

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Abu Dhabi: United Arab Emirates President Sheikh Mohamed bin Zayed Al Nahyan has extended greetings on India’s Republic Day.
According to the statement released by the UAE Ministry of Foreign Affairs and International Cooperation, “President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a message of congratulations to President Droupadi Murmu of India on the occasion of the Republic Day, which is observed on 26th January.”
The statement released by the UAE Ministry of Foreign Affairs further said, “His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, also dispatched similar messages to the Indian President and Prime Minister Narendra Modi, on the occasion.”
Indian Embassy in Abu Dhabi celebrated India’s 74th Republic Day. India’s Ambassador to Abu Dhabi Sunjay Sudhir unfurled the Tricolour in Abu Dhabi. Sunjay Sudhir honoured the Indian diaspora from Abu Dhabi for their contribution in the welfare of the community.
Indian Embassy in Abu Dhabi tweeted, “#74thRepublicDay2023 , Amb @sunjaysudhir honored the Indian Diaspora from @Dawoodi_Bohras Abu Dhabi & Mr. Firdous Basha, for their inspiring contributions in the welfare & prosperity of the community; @IPF_uae & @Artscraftsco for efforts to strengthen cultural cooperation.”
While sharing glimpses of the Republic Day celebrations in the Embassy on Twitter, Indian Embassy in Abu Dhabi wrote, “#74thRepublicDay Celebrations at the Embassy of India, Abu Dhabi! Tribute to the father of the nation, echoes of #JanaGanaMana and with love for #India aplenty, Indian diaspora in the UAE joined in the celebrations! @MEAIndia @IndianDiplomacy @sunjaysudhir @cgidubai”
Meanwhile, the Indian Embassy in Saudi Arabia also celebrated India’s Republic Day with great enthusiasm. India’s Ambassador to Saudi Arabia Suhel Khan unfurled the Tricolour and read President Droupadi Murmu’s address to the nation.
Indian Embassy in Saudi Arabia tweeted, “#RepublicDay2023 celebrated with great enthusiasm & large Indian community participation in Riyadh today. Ambassador Dr. Suhel Khan unfurled the Tiranga & read out the address to the Nation by Hon’ble President of India.”

India today celebrates its 74th Republic Day. On this day, in 1950, the Constitution of India was adopted after the country became a sovereign state on August 15, 1947. President Droupadi Murmu commenced the 74th Republic Day celebrations, for the first time since assuming office last year, by unfurling the national flag at Kartavya Path on Thursday.
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#UAE #President #extend #Indias #Republic #Day
( With inputs from www.siasat.com )

January 26, 2023
Russian President Vladimir Putin greets India on Republic Day

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New Delhi: India is making a “substantial” contribution towards global stability and security, Russian President Vladimir Putin said on Thursday while extending his greetings to the country on the occasion of its 74th Republic Day.
In a message to President Droupadi Murmu and Prime Minister Narendra Modi, Putin also highlighted India’s achievements in the economic, social, scientific, technological and other spheres, according to the Russian embassy here.
French President Emmanuel Macron too greeted Modi and said he looks forward to setting new ambitions for the India-France strategic partnership.
“As India celebrates Republic Day, I convey my warmest wishes to my dear friend @NarendraModi and the Indian people. I look forward to setting new ambitions together for the G20 and for our Indo-French strategic partnership as it turns 25 this year,” Macron wrote on Twitter.
Putin, in his message, said: “India’s achievements in the economic, social, scientific, technological and other spheres are widely known.”
“Your country is making a substantial contribution to ensuring international stability and security and to addressing vital issues on the regional and global agenda,” he said.
Putin’s comments came amid escalating tensions between Russia and the western powers over the Ukraine conflict.
India has been pushing for the resolution of the conflict through dialogue and diplomacy.

Putin said Moscow puts a “high value” on its privileged strategic partnership with New Delhi.
“I am confident that by working together we can ensure the continued growth of mutually beneficial bilateral cooperation in all areas,” he added.
“This undoubtedly meets the fundamental interests of the friendly peoples of Russia and India,” the Russian president said.
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( With inputs from www.siasat.com )

January 26, 2023
Republic Day celebrations in Gulf

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Jeddah: The 74th Republic Day celebrated across the Gulf region on Thursday with gaiety and enthusiasm. The National pride was on full display as many enthusiastic and patriotic Indians flocked to Indian missions to participate in the event.
Children took part in musical and dance performances, while many in the joyous crowds were decked out in green and saffron of tricolour of the flag.
In Saudi Arabia, Ambassador Dr. Suhel Ahmed Khan hoisted the tricolour at the embassy premises of enthusiastic community members, after which he addressed the gathering. In Jeddah, Consul General Md. Shahid Alam unfurled the flag.
As customary, both Dr. Suhel and Shahid Alam read out from the Indian President Droupadi Murmu speech and highlighted the strengthening bilateral relations between Saudi Arabia and India.
In the UAE, colorful celebrations at the Indian embassy in Abu Dhabi and the Consulate General of India in Dubai marked the event. In Abu Dhabi, ambassador Sanjay Sudhir hoisted the flag while Consul General Dr. Aman Puri did at Dubai. The Republic day was celebrated at various emirates of UAE, according to reports.
Some leading restaurants in Dubai have introduced special menus and specials to commemorate the event.
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( With inputs from www.siasat.com )

January 26, 2023