'100 days of Trump admin show positive trend for Indo-US ties'

April 29, 2017

Washington, Apr 29: The first hundred days of the Trump administration have shown a positive trend for the Indo-US relationship and the upward trajectory of ties was expected to continue with bipartisan support for it, a former top Indian diplomat has said. On the eve of US President Donald Trump completing 100 days in office, former Indian Ambassador to the US Arun Singh said the Indo–US relationship during this period has broadly proceeded along expected lines.

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"As the engagement of the past hundred days has shown, India is clearly seen as an important interlocutor, with some convergence of interest, and potential for an even stronger mutually beneficial partnership," he told PTI. Beginning in the last phase of the Bush administration and almost all but two years of the Obama administration, Singh was a key player in driving the Indo-US relationship in the last one decade.

During the campaign, President Trump had spoken positively about India and expressed support for consolidating the Indo-US relationship further. Trump has spoken several times on phone with Prime Minister Modi, Singh said. India's National Security Adviser Ajit Doval and Foreign Secretary S Jaishankar have had consultations with senior US officials during their visits this year, he noted. US National Security Adviser Lt Gen H R McMaster recently visited India and also called on the Prime Minister.

Finance Minister Arun Jaitley met with US Treasury and Commerce Secretaries earlier this month in Washington, Singh said, referring to the high-level bilateral visits. "We can expect the positive trajectory to continue since there is now bipartisan support in the US for the relationship," Singh said. At the same time, he said acknowledged that there will "no doubt" be some areas of concern. "The eventual US decision on H-1B visas will have consequences for our technology workers and companies. Reduction in US tax rates, if realised, could draw capital into the US and away from other countries," he warned.

"Large US deficit, on account of tax reduction and infrastructure spending, could raise interest rates globally, which would also have consequences for India," the former Indian diplomat said. Responding to a question on Trump's foreign policy in the first 100 days of his administration, Singh, who retired from the foreign service late last year, said 100 days is perhaps too short, and certainly an artificial, 24/7 news cycle driven timeline, to assess the enduring and defining parameters of the foreign policy of any new administration.

"This initial phase is also usually marked by tension between the compulsions ofproposals made during the campaign aimed at rousing the base and getting out the vote, and the constraints subsequently imposed by limits of power and realisation of larger consequences," he said. These hundred days have thus seen the fulfilment of some campaign promises, reversals on others, and several critical issues still being evaluated, Singh noted. Trump was sworn in as the 45th President of the United States on January 20 and completes hundred days in office today.

"As promised in the campaign, President Trump has taken the US out of TPP (Trans Pacific Partnership), convinced Canada and Mexico to agree to a renegotiation of NAFTA (North America Free Trade Agreement), and initiated the process of potential action against steel and aluminium imports into the US. There has also been some focus on dealing with ISIS," Singh said.

On the other hand, unlike the pre-election threats, China has not been declared a currency manipulator, no additional tariffs have been imposed on imports from China, and Chinese President Xi Jinping was lavishly welcomed in April at what is now being described as the 'southern White House' at Mar-a- Lago in Florida, he noted.

"The two agreed to come up with a 100-day plan to address the major trade imbalance. China is also being described as an important interlocutor for addressing the North Korean nuclear and missile challenge," he said. On April 6, Trump authorised missile strikes on a Syrian airbase, using Presidential prerogative under the US Constitution.

"Earlier he had repeatedly called upon his predecessor not to do so, and to consult US Congress before any such action," Singh said. Relations with Russia have not been improved, he observed, adding that attempts to do so immediately have become controversial in view of the raging controversy about alleged Russian intervention in the US elections to benefit Trump.

"This will now be further complicated by the missile strikes in an area where Russian forces were also present, although Russia had been given some prior notice," he said. "President Trump has, similarly, now spoken of strongly supporting NATO, which he had earlier described as obsolete. He has now referred to sharing vital security interests with allies, while continuing to complain about alliance commitments, and asking allies to contribute more," the former Indian Ambassador said. During his illustrious foreign service career, Singh also served as India's ambassador to Israel and France apart from the US.

He said, on Afghanistan, policy options were being studied by the Trump administration. US National Security Adviser had recently visited Afghanistan, Pakistan and India for discussions, Singh said, noting that the outcome of the current more strident approach to North Korea remains to be seen.

"The Administration is also constrained at the moment because a large number of posts in the Departments of State and Defence, as well as in the National Security Council, still remain to be filled," he said.

The decision making process has so far been White House centric, and the attempt has been to project a robust, muscular approach based on America's strengths, including military, and less on projection of 'American values' or 'soft power', he opined.

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News Network
February 13,2020

Feb 13: Two Indian crew on board a cruise ship off the Japanese coast have tested positive for the novel coronavirus, the Indian Embassy in Japan said on Wednesday as authorities confirmed that 174 people have been infected with the deadly disease.

The cruise ship Diamond Princess with 3,711 people on board arrived at the Japanese coast early last week and was quarantined after a passenger who de-boarded last month in Hong Kong was found to be the carrier of the novel virus on the ship.

A total of 138 Indians, including passengers and crew, were on board the ship.

“Due to the suspicion of novel coronavirus (nCoV) infection, the ship has been quarantined by the Japanese authorities till February 19, 2020,” the embassy said in a statement.

“Altogether 174 people have been tested positive for nCoV, including two Indian crew members,” it said.

All the infected people have been taken to hospitals for adequate treatment, including further quarantine, in accordance with the Japanese health protocol, it said.

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News Network
March 28,2020

Washington, Mar 28: The world is in the face of a devastating impact due to the coronavirus pandemic and has clearly entered a recession, the International Monetary Fund said on Friday, but projected a recovery next year.

"We have reassessed the prospects for growth for 2020 and 2021. It is now clear that we have entered a recession as bad or worse than in 2009. We do project recovery in 2021," IMF Managing Director Kristalina Georgieva told reporters at a news conference.

Georgieva was addressing the press after a meeting of governing body of the IMF, the International Monetary and Financial Committee. Representing 189 members, the body met virtually to discuss the unprecedented challenge posed to the world by COVID-19.

The key to recovery in 2021, she said, is only if the international community succeeds in containing the virus everywhere and prevent liquidity problems from becoming a solvency issue.

"The US is in recession, as is the rest of the advanced economies of the world. And in a big chunk of developed and emerging markets in developing economies. How severe? We are working now on our projections for 2020, Georgieva said in response to a question.

The new projections are expected in the next few weeks.

Stressing that while containment is the main reason for the economy to stand still and get into a recession, she said containment is very necessary to come out of this period and step in to recovery. "Until the virus is not contained, it would be very difficult to go to the lives we love."

"A key concern about a long-lasting impact of the sudden stop of the world economy is the risk of a wave of bankruptcies and layoffs that not only can undermine the recovery. But can erode the fabric of our societies," the IMF chief said.

To avoid this from happening, many countries have taken far-reaching measures to address the health crisis and to cushion its impact on the economy, both on the monetary and on the fiscal side, she said.

The IMF chief said 81 emergency financing requests, including 50 from lower-income countries, have been received. She said current estimate for the overall financial needs of emerging markets is 2.5 trillion dollars.

"We believe this is on the lower end. We do know that their own reserves and domestic resources will not be sufficient," she added.

The G-20, a day earlier, reported fiscal measures totalling some 5 trillion dollars or over 6 per cent of the global GDP.

Responding to another question, Georgieva said the IMF is projecting recession for 2020.

"We do expect it to be quite deep and we are very much urging countries to step up containment measures aggressively so we can shorten the duration of this period of time when the economy is in standstill," she said.

"And also to apply well-targeted measures, primarily focusing on the health system to absorb that enormous stress that comes from coronavirus. And on people, businesses and the financial system, I am very pleased to say that when we went through countries' responses, that sense of targeted fiscal measures is there and are also very impressive to see the size of these measures," she added.

"Countries are doing all they can on the fiscal and on the monetary front. We have heard from our members' very impressive decisions taken over the last days," the IMF chief said.

"We also want to caution that as we are responding now, we want to make the recession as possibly short and not too deep. We also want to think about what is going to follow the recovery and make sure that we are putting forward measures that can be supportive in this regard," she said.

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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