Tag: India

India proposes to raise emergency coronavirus fund to SAARC nations to battle the pandemic outbreak
Asia Pacific Focus

India proposes to raise emergency coronavirus fund to SAARC nations to battle the pandemic outbreak

On Sunday, India proposed raising an emergency fund to battle the coronavirus pandemic in South Asia, with New Delhi offering $10 million, and urged SAARC nations to join in. Lately, the amount of affirmed cases in India rose to 100.

PM Narendra Modi urged to SAARC pioneers via video conferencing that “Any of us can utilize the fund to meet the expense for immediate action,” including that India would likewise offer fast response teams and other specialists to manage the emergency.

Modi stated there were less than 150 cases in nations spanning the South Asian Association for Regional Cooperation (SAARC), India, Bangladesh, Afghanistan, Bhutan, the Maldives, Pakistan, Nepal, and Sri Lanka. However, the situation before us is uncertain. He stated, “This is the reason it would be important for us all to share our perspectives,” Reuters reported.

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> First official visit in India for US president Donald Trump
> ICICI, SBI, Damini, Azim Premji Trust, and other investors to contribute Rs. 12,000 crores to bailout YES Bank

India’s Health Ministry reported on Sunday that the number of Covid-19 cases had ascended to 107, and increased around 23 from the day before, with a western state home to the nation’s financial capital the most severely hit.

“The number could rise as we are waiting for test reports of people who were in close contact with patients who have tested positive,” Health officials tested.

Delhi has reported 7 cases, Maharashtra 32, Kerala 22, Uttar Pradesh 12,
Haryana 14 respectively. Moreover, 234 Indian nationals have been evacuated from Iran on Sunday and have been brought to Jaisalmer and are kept under quarantine in the Indian Army Wellness Centre.

In Mumbai, the Bollywood film industry said that they would stop all work until March-end, the CEO of the Producers Guild of India, Kulmeet Makkar, told Reuters.

India has already taken steps to check the spread by suspended most visas to the nation and closing down schools, colleges, and theaters, and have urged people to maintain personal hygiene and avoid large social gatherings.

Article Credit: The Reuters/India Today

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ICICI, SBI, Damini, Azim Premji Trust, and other investors to contribute Rs. 12,000 crores to bailout YES Bank
Asia Pacific Focus

ICICI, SBI, Damini, Azim Premji Trust, and other investors to contribute Rs. 12,000 crores to bailout YES Bank

The Indian government affirmed the reconstruction plan proposed by the Reserve Bank of India (RBI) for private sector lender YES Bank that will be driven by (SBI) State Bank of India, the Economic Times reported.

The founder and former CEO of YES Bank, Rana Kapoor, is charged over corruption and money laundering while his better half and three daughters are likewise being questioned by investigating officers over their role in draining the public money, Outlook India published.

As per the Economic Times, different members in the scheme incorporate (HDFC) Housing improvement Financial Corp., Axis Bank, ICICI Bank, Kotak Mahindra Bank, Rakesh Jhunjhunwala, RK Damini, and the Azim Premji Trust, which will finance 12,000 crores.

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> How social etiquettes world wide are changing With coronavirus

ICICI Bank and HDFC Bank stated that they would contribute Rs. One thousand crores each, while Axis Bank will provide Rs. Six hundred crores. SBI should hold a base 26% stake in YES Bank for three years, according to the RBI scheme. Concerning different investors, they should save three fourth of their holdings for three years, Nirmala Sitharaman told journalists in a press briefing.

“A considerable amount of commitment is proceeding by the RBI to get more investors.” “The decision to give a reconstruction plan holds at its center the security of depositors’ interest, giving solidness to YES Bank and keeping a stable budgetary condition and banking framework,” she included.

RBI supplanted the YES Bank board, and forced a 30-day interim ban and ordered a 50,000 withdrawal limit on March 5.

Finance Minister Sitharaman stated that RBI would soon lift the moratorium after three working days’ notice as per the scheme. The new board, which will incorporate at least two officials from SBI, will be comprised within seven working days.

Article Credit: Economic Times/Outlook India

How social etiquettes world wide are changing With coronavirus
Asia Pacific Focus, Europe

How social etiquettes world wide are changing With coronavirus

Improvisation and adaption is the key to survival- this is a lesson that the whole world economy is learning and they are doing it at rocket speed. As the COVID-19 spreads across the globe like wild fire, there is a lot of change being seen around.

India is being forced to turn inwards to meet its spare part needs, as the China market closes for them. There is good news in the self dependency vision that PM Narendra Modi has worked at since his last term as PM. Middle East nations are looking for alternates to keep their rich coffers plump enough as demand for oil has dropped dramatically from their key consumer- China.

Countries worldwide medical facilities are being put to test as the virus continues to spread with no antidote in sight. Meanwhile, the way we greet each other is also going to change as the scare of contaminating each other continues to grow.

The trend has gone viral as the World Health Organization’s Bruce Aylward was first seen offering an elbow to a reporter reaching out for a handshake at a recent press conference. Dr. Alyward is the team lead for WHO China Joint Mission On COVID-19. In another instance, the German chancellor Angela Merkel had to do with a distant wave as interior minister, Horst Seehofer refused to shake hands with her. With cases of victims mounting in Germany as well, she was not offended and understood that the gesture was preventive and definitely not out of rudeness.

The West seems to have adapted beautifully to the virus monster. The basic warmness and niceties are being replaced with distant waves and nods. So the handshakes, cheek-kisses, hugs – the everyday greetings ingrained in their culture – don’t look as welcoming as they used to be, at the moment.
In France and Italy, directives have been given to people to curb their social niceties and reports are confirmed that health ministries do feel that the rapid outbreak could have been due to the formal contact amongst persons.

The World Health Organization’s director of pandemic disease, Sylvie Brand, meanwhile, has endorsed the elbow bump, footshakes, waves and the “wai” as safer alternatives to shaking hands.
The situation would be tougher for Britain where the formal handshake is considered a polite but gestural way of closing a deal, creating a first impression, showing power and control and much more.

On the flipside, Social etiquette consultant Jo Bryant, believes the UK may have a slight advantage over its European nations, “because we are a non-tactile nation, and we do like our personal space”.

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Corona Virus is raising a Global Risk says WHO
Asia Pacific Focus

Corona Virus is raising a Global Risk says WHO

On Friday, WHO alerts against the deadly coronavirus and says that it might spread rapidly all around the globe.

WHO representative Christian Lindmeier told correspondents the flare-up was “getting bigger” and emphasized the association’s warning that the dangerous novel coronavirus infection could spread around the world.

WHO chief Tedros Adhanom Ghebreyesus stated that his organization was not underestimating the threat of the disease. He told journalists in Geneva, “That is the reason we said today the worldwide risk is high,” The Reuters reported.

The World share market fell once again, wrapping up their most noticeably awful week since the 2008 global financial crisis and taking the global crash to $6 trillion. The U.S. stock market tumbled for the seventh straight day amid fears of a worldwide epidemic.

People are hoping that the pandemic that began in China at the end of 2019, and the swung financial market would soon come back to normal.

Tedros Adhanom, the director-general of WHO, stated that mainland China had revealed 329 new cases over 24 hours, taking its count to over 78,800 cases with around 2,800 deaths.

South Korea has revealed 571 new cases on Friday, carrying the aggregate to 2,337, with 13 deaths reported.

Switzerland banned significant events from attempting to check the epidemic, canceling the Geneva international car show, which was scheduled for next week.

Japan is booked to host the 2020 Olympics in July. However, organizers are examining whether to proceed with it due to the outbreak of the novel coronavirus. Prime Minister Shinzo Abe had ordered to close schools and colleges and promised to prevent the epidemic from spreading further.

U.S. President Donald Trump’s administration is taking full measures, and Trump has complete confidence that the U.S. would be able to manage coronavirus.

In Europe, Germany cautioned of a looming pandemic and Greece, declared more tightly border checks.

The loss of life due to the pandemic in Italy rose to 17, and those testing positive increased to 655. France has around 38 and Spain 23, and Germany has almost 60 cases, as per Reuter’s reports.

In India, there have been three affirmed cases of coronavirus detailed in Kerala. However, India is practicing stringent screening tests to curtail coronavirus cases.

On Friday, as per Iran’s Health Ministry, 34 Iranians died, and 388 positive cases were reported.

There are doubts that the new coronavirus (COVID-19) might spread in all the nations and majorly risk many nations that are not fully prepared to face the deadly epidemic with sufficient medical care.

Article Credit: The Reuters/ The Guardian

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Prime Minister of India calls for calm, after the number of clashes deaths raised to 20.
Asia Pacific Focus

Prime Minister of India calls for calm, after the number of clashes deaths raised to 20.

Prime Minister Narendra Modi called for calm after days of clashes between Hindus and the Muslim minority over the controversial nationality law, in some of the worst sectarian violence in New Delhi in decades. A doctor said 20 people were killed and nearly 200 wounded, and many suffered gunshot wounds.

Police and paramilitaries patrolled the streets in much greater numbers. “Peace and harmony are essential to the soul of the people,” Moody said. I appeal to my sisters and brothers in Delhi to maintain peace and brotherhood at all times. ”

Sonia Gandhi, head of the opposition Congress party, called for the resignation of Interior Minister Amit Shah, who is directly responsible for imposing law and order in the capital. Clashes erupted between thousands demonstrating in support or protest of the new nationality law passed by the Moodi Hindu nationalist government.

The law makes it easier for non-Muslims to obtain Indian citizenship from some neighboring countries that are predominantly Muslim. Critics say the law is biased against Muslims and undermines India’s secular constitution. The ruling Bharatiya Janata Party has denied any prejudice against India’s more than 180 million Muslims.

Reuters witnesses saw crowds carrying sticks and stones walking in the streets in parts of northeast Delhi on Tuesday, as incidents of burning and looting were common. Black smoke billowed from a tire market, setting fire to the area, as fire trucks rushed to control the fire.

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‘America Loves India’ says Trump on his first visit to India

‘America Loves India’ says Trump on his first visit to India

On Monday, At the world’s biggest cricket stadium, around 125,000 people accumulated to greet U.S. president on his first visit to India alongside the PM Modi at a rally named “Namaste Trump.”

On Monday evening, The function was arranged at Ahmedabad in Modi’s home state of Gujarat, was the zenith of Trump’s visit to India and a stage for the two leaders to display their friendly relationship. The U.S. president was welcomed at the gigantic new Motera stadium, with Indians who cheered and were wearing cardboard Trump face masks and “Namaste Trump” cap to greet him. While Prime Minister Modi gave his welcome speech, the crowd joined to greet President Trump with chants of ‘Namaste India’ and ‘India-US friendship, long live, long live.

The two leaders were equally enthusiastic in praising each other. “India-US relations are no longer merely another relationship, it’s a far more prominent and closer relationship,” expressed Prime Minister Modi. Trump revealed in his discourse, “America loves India, and respects India,” and “India gives hope to all humanity.” He included promising “an incredible trade accord” at his most significant rally abroad.

While President Trump is facing the U.S. Presidential elections and Prime Minister Modi, who also has been facing a series of protests against the controversial citizenship amendment act (CAA). Trump’s 36-hour visit is exceptionally crucial for both the countries as it will boost their bilateral and trade relations.

Trump declared that a deal had been made for India to buy $3bn of U.S. military helicopters however said in his discourse noted that they were still just in the “beginning stages of the discussion.” It’s a fantastic trade deal; perhaps the greatest ever trade deal” between India and the US, Trump included. Further developments that have come out of the visit are relied upon to be announced in Delhi later today. The grand ceremonial welcome in Delhi was held early morning at the Rashtrapati Bhavan, and then, President Trump visited Mahatma Gandhi’s samadhi to pay homage at the Raj Ghat.

Article Credit: The Reuters/The Times Of India

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Trump said that the United States will supply India with military helicopters and equipment worth $ 3 billion

Trump said that the United States will supply India with military helicopters and equipment worth $ 3 billion

US President Donald Trump said the United States will supply India with military helicopters and other military equipment totaling $ 3 billion. The American leader spoke on Monday with Indian Prime Minister Narendra Modi in Gujarat, India, where he is on an official visit.

“I am pleased to announce that tomorrow, February 25 , our representatives will sign deals for the supply of Indian helicopters and other equipment for the total amount of $ 3 billion,” said the US president, whose speech was broadcast by leading Indian television channels. Trump added that the United States is ready to supply India with the best and most modern weapons.

“As we continue to develop our defense cooperation, the United States expects to provide India with military equipment, which is one of the best and most formidable in the world. We are making the greatest weapons. We are doing the best and are cooperating now with India,” Trump said.

Earlier was reported that for a visit to Trump, New Delhi had prepared for signing with Washington two major defense contracts totaling $ 3.5 billion: for the purchase of a batch of six AH-64E Apache attack helicopters in the amount of $ 930 million and 24 helicopters Sea-based MH-60R Seahawk complete with missiles totaling $ 2.6 billion.

Experts expect that during the visit, the US President will ensure that India gives preference to American fighters (F / A-18, F-15EX or F-21 – an upgraded version of the F-16 multi-role fighter) for a joint production program of 114 new fighters for National Air Force as part of the Do It In India campaign. It is also expected that the head of the White House will promote the proposal for the supply of American carrier-based fighter aircraft for carriers of the Indian Navy.

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First official visit in India for US president Donald Trump
Americas, Asia Pacific Focus

First official visit in India for US president Donald Trump

The President of the United States, Donald Trump, arrived in India on Monday morning for his first official visit to the country and was greeted by a large crowd.

The U.S. President’s plane landed at Ahmedabad International Airport in western India, where he met with Prime Minister Narendra Modi. A busy schedule of appointments for Trump: is expected in Agra to visit the Taj Mahal in the absence of the sun, before going to New Delhi, where he will hold bilateral meetings between American and Indian officials on Tuesday.

This visit will be an opportunity to review the relations between the American President and the Indian Prime Minister, while highlighting the personal compatibility between them in light of the tension between the two countries following the protectionist policies adopted by both.

“We are not getting good treatment from India, but it is fortunate that I greatly appreciate Prime Minister Modi,” Trump said this week before his visit to India. “We are ready to come to India, we are on our way, we will be meeting everyone in a few hours,” he tweeted this morning in the Hindi language before he landed. Modi tweeted in response: “The guest is God”.

According to Al-Arabiya quoting Indian officials, India and the United States have built close political and security ties and Trump’s two-day trip is a sign of their converging interests, including a way to counter China’s rise as a superpower.

During his two-day visit, accompanied by the First Lady Melania, Trump and Modi will participate in a rally in Ahmedabad on Monday with over one hundred thousand people in the largest cricket stadium in the world which will be inaugurated on this occasion.

Modi called this meeting “Namaste Trump”, a greeting to Trump in local dialect, in response to a similar festival held by the American president in Houston, Texas, last September under the slogan “Hoody Modi”. People were carrying Indian flags, many roads were blocked off in Ahmedabad, shops shut and police stationed on rooftops and balconies. School children boarded buses bound for the stadium shouting “We love Trump.”

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India Shifts To Indonesia To Meet Palm Oil Needs
Asia Pacific Focus

India Shifts To Indonesia To Meet Palm Oil Needs

Moving away from Malaysia, India has now issued, issued import licenses for 1.1 million tonnes of refined palm olein from Indonesia. The Directorate General of Foreign Trade (DGFT) is said to have has issued these licenses after various applications came in from worried traders.

India is the largest importer of palm oil in the world and till January, had been doing business primarily with Malaysia. However, post a rather hurtful statement made by the PM of Malaysia, India decided to withhold its trade on palm and had been looking for alternate markets.

In the second week of January New Delhi had privately urged palm oil importers to boycott Malaysian products. Prime Minister Mahathir Mohammad had openly criticised India’s actions in Kashmir and its new citizenship law at the United Nations General Meeting.
New Delhi has now allowed trade with Indonesia only; and there is no way out for the importers as in their application, they are required to mention “country of origin”.

Strangely, the Indian government had earlier put the refined palm oil and palmolein on the list of restricted items. Sources claim that sourcing large amounts may defeat the purpose of proving that we can meet our demand through domestic production itself.

Palm oil makes up nearly two-thirds of India’s total imports of edible oil. It buys palm oil mainly from Indonesia and Malaysia, which are the world’s top and second biggest producer of the commodity respectively.

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India urged Turkey not to interfere in its  internal affairs
Asia Pacific Focus, Europe

India urged Turkey not to interfere in its internal affairs

The Ministry of Foreign Affairs of India calls on the Turkish leadership not to interfere in the internal affairs of India and rejects all references made by the Turkish side to the situation in the Indian part of Kashmir. This is stated in the commentary by the official representative of the Ministry of Foreign Affairs of India, Ravish Kumar, posted on Saturday on the Ministry website.
“India rejects all references to Jammu and Kashmir, which is an integral and integral part of India. We urge the Turkish leadership not to interfere in the internal affairs of India and correctly evaluate the facts, including the serious terrorism threat coming from Pakistan for India and the region,” in a statement.
The commentary of the representative of the Indian Foreign Ministry followed after Turkish President Tayyip Erdogan, while on a visit to Pakistan, promised last Friday to continue supporting Pakistan on the issue of Kashmir’s territorial affiliation. Follow us for more Latest Asia Pacific News.

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