Modi's second state visit to UAE begins

Agencies
February 10, 2018

Abu Dhabi, Feb 10: Today will mark a watershed moment for the UAE-India relations with Indian Prime Minister Narendra Modi arriving in Abu Dhabi for his second state visit.

The two countries are expected to sign as many as 14 agreements during the two-day visit starting February 10, shifting gears of the strategic partnership in a gamut of areas including space technology, skills development, finance and defence cooperation and investments.

Modi's two-day visit on February 10 and 11 will also see work starting on the construction of the first Hindu temple in Abu Dhabi, fulfilling the long-pending wish of the Hindu community in the Capital.

Modi first visited the UAE in August 2015 becoming the first Indian Prime Minister to visit the emirates in 34 years after Indira Gandhi.

Modi will arrive in Abu Dhabi today evening from Palestine. He will meet His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and will attend a state banquet.

On Sunday morning, Modi will visit Wahat Al Karama (Martyrs' Memorial) and pay tribute to the martyred war heroes of the UAE. He will then proceed to Dubai where he will deliver a keynote address at the 6th World Government Summit, in which India is the chief guest country.

Modi will also address a 1,800-strong gathering of the Indian community at the Dubai Opera, which is expected to be a scaled down version of his public address in 2015. More than 50,000 Indians had thronged the International Cricket Stadium in Dubai to listen to their Prime Minister on his first visit.

The Opera event is significant as Modi will flag off the laying of the foundation stone of the first Hindu temple in Abu Dhabi, which will happen simultaneously and will be live-streamed into the iconic Dubai Opera auditorium.

Indian Ambassador to the UAE Navdeep Singh Suri said the latest visit by the Indian PM will mark the dawn of a new era in the India-UAE relations.

"During the year, we have seen major UAE investments into India, a significant increase in defence and security cooperation, a transformation in our energy ties from a buyer-seller relationship to a strategic partnership."

New trajectory in UAE-India ties

Since Modi's first visit, the trajectory of the India-UAE ties have hit a renewed pace with two countries forging a new era of cooperation through the signing of a comprehensive strategic partnership agreement.

During Modi's tenure, Sheikh Mohamed bin Zayed Al Nahyan visited India twice - in February 2016 and January 2017.

The two governments signed 17 bilateral agreements in January 2016, and 14 agreements in February 2017. 

The UAE targets to invest $75 billion in India's infrastructure development. UAE's investments in India is also soaring. In October last year, the Abu Dhabi Investment Authority (Adia) signed an agreement with India's National Investment and Infrastructure Fund to invest $1 billion in India. DP World has signed a Memorandum of Understanding (MoU) with India's National Infrastructure and Investment Fund (NIIF) in May 2017 to invest $1 billion in India.

The UAE is home to more than 3.5 million Indians - the biggest Indian diaspora in the world, and 1,706 flights weekly operate between the two countries.

Comments

An Indian
 - 
Saturday, 10 Feb 2018

Before commencing construction work of Hindu Temple in Abu Dhabi, the UAE government must have put condition to Modi to solve the Babri Masjid issue.

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News Network
May 11,2020

New Delhi, May 11: Former prime minister Manmohan Singh is stable and under observation at the AIIMS here after suffering reaction to a new medication and developing fever, hospital sources said on Monday.

The 87-year-old Congress leader was admitted to the hospital on Sunday evening after he complained of uneasiness. He has now been shifted out of the ICU.

The sources said that Singh had developed a reaction to a new medication and further investigation is being carried on him to rule out other causes of fever.

"Dr Manmohan Singh was admitted for observation and investigation after he developed a febrile reaction to a new medication," the sources said.

"He is being investigated to rule out other causes of fever and is being provided care as needed. He is stable and under care of a team of doctors at the Cardiothoracic Centre of AIIMS," they said.

"All his parameters are fine. He is under observation at the AIIMS," a source close to him has said.

Singh, a senior leader of the opposition Congress, is currently a Member of Rajya Sabha from Rajasthan. He was the prime minister between 2004 and 2014.

In 2009, Singh underwent a successful coronary bypass surgery at the AIIMS. A number of leaders expressed have expressed concern over his health and wished him a speedy recovery.

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Agencies
January 11,2020

New Delhi, Jan 11: Senior Congress leader P Chidambaram on Friday said that he has never seen innocents like the Indian people, who believe the claims made by the government on the implementation of its programmes. The former Union Minister, addressing a literary event, said, "I have never seen innocents like the Indian people. If something appears on print (and named two newspapers also), we believe it. We believe anything."

Claims like all villages having been electrified in the country and toilets built for 99 per cent of families in India were being believed, he said.

Similar was the case of the Ayushman Bharat scheme, (Pradhan Mantri Jan Arogya Yojana or PM-JAY is a flagship health care scheme of the Centre), he alleged.

Stating that his Delhi-based driver's father had to get a surgery done under the scheme, he said, however, it could not be performed.

"I asked him (car driver) if he had the Ayushman card and he showed a card and I told him to take it (to hospital). In hospital after hospital, they said they were not aware of anything like that (Ayushman scheme). But we believe that the Ayushman scheme has come to the whole of India," he said.

Further, he said "we believe that for any disease, treatment will be done (indicating the Ayushman scheme) without shelling out money. We are being innocents."

Many news items and data were contrary to the truth, he added.

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Agencies
March 8,2020

Mumbai, Mar 8: A day after the Enforcement Directorate registered a money laundering case against Yes Bank founder Rana Kapoor and raided his premises, he was taken to the agency's office in Mumbai on Saturday for further questioning.

Kapoor, who was grilled by central agency's officials on Friday night at his Samudra Mahal residence in Mumbai, was shifted to the ED office in the metropolis around 12.30 pm.

ED officials said Kapoor was questioned throughout the night, with some rest time.

A senior ED official connected with the probe told IANS: "Kapoor will be questioned about Yes Bank loans to Dewan Housing Finance Limited (DHFL)."

The official said that during searches a lot of incriminating documents were found and the agency wanted to grill him on his links with DHFL promoters and other companies.

Kapoor's alleged role in the disbursal of loan to a corporate entity and kickbacks reportedly received in his wife's bank account are also under probe.

The ED had filed the money laundering case against Kapoor and raided his residence, apart from issuing a look-out circular so that he does not flee the country.

The ED registered a money laundering case against Kapoor as a continuation of its probe against the DHFL wherein it was allegedly found that Rs 12,500 crore was diverted to 80 shell companies using one lakh fake borrowers. The transactions with these shell companies date back to 2015.

An ED official in New Delhi told IANS that the DHFL probe revealed that funds diverted by the DHFL originated from Yes Bank.

He said that the searches at Kapoor's residence on Friday night were meant to find out any irregularity in grant of loans to the DHFL by the Yes Bank.

The ED has accused Kapil and Dheeraj Wadhawan of DHFL of purchasing shares in five firms -- Faith Realtors, Marvel Township, Abe Realty, Poseidon Realty, and Random Realtors -- after which they were amalgamated with Sunblink.

The outstanding loans of these five firms, totalling around Rs 2,186 crore till July 2019, were allegedly appropriated onto the books of Sunblink to cover up the diversion of loans acquired from DHFL.

The ED's action comes after the RBI superseded Yes Bank Board for 30 days and appointed an administrator, putting a cap of Rs 50,000 on withdrawals by account holders for a month.

The RBI said that the bank's board was superseded "owing to serious deterioration in the financial position of the bank".

Former SBI CFO Prashant Kumar was appointed as administrator of Yes Bank, which has over 1,000 branches and 1,800-plus ATMs across the country.

On Thursday, Union Finance Minister Nirmala Sitharaman said that the bank was on watch since 2017 and developments relating to it were monitored on a day-to-day basis.

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