1. Home
  2. PM Modi arrives in UK for bilateral meetings, CHOGM

PM Modi arrives in UK for bilateral meetings, CHOGM

Agencies
April 18, 2018

London, Apr 18: Prime Minister Narendra Modi arrived in the UK today for a four-day visit of bilateral engagements as well as multilateral discussions as part of the Commonwealth Heads of Government Meeting (CHOGM).

UK Foreign Secretary Boris Johnson received Modi at the Heathrow airport here.

Johnson said he was "excited" about the growing India-UK bilateral trade and that the visit will help build on "huge economic advantages".

"..thanks to our shared history, we have a living bridge between us… and now we want to build on the incredible tech sector where both India and the UK are making giant strides together," Johnson said in a statement.

Modi is set for a packed day of official engagements today, starting with his bilateral meeting with British Prime Minister Theresa May at 10 Downing Street.

The two leaders are expected to discuss a wide range of issues of mutual interest, including separatism, cross-border terrorism, visas and immigration.

A memorandum of understanding (MoU) on the return of illegal immigrants, which had expired in 2014, will be officially renewed to take into account biometric and other developments in the field, along with a range of nearly a dozen MoUs across different sectors.

Modi will then head to the Science Museum in London to visit the '5000 Years of Science and Innovation' exhibition where he will interact with Indian-origin and other scientists and innovators based in the UK.

The event, hosted by Prince Charles, will include the launch of a new Ayurvedic Centre of Excellence, aimed at creating a first-of-its-kind global network for evidence-based research on yoga and Ayurveda.

A brief stop to garland the Basaveshwara statue -- which Modi had inaugurated during his last visit to the UK in 2015 -- on the banks of the river Thames will then be followed by his second meeting with May at an event hosted by the British prime minister at the Francis Crick Institute.

After an interaction with Indian-origin scientists working on cancer research, malaria and other tropical diseases, both leaders will initiate the India-UK CEOs Forum.

Modi is then scheduled for a private audience with Queen Elizabeth II at Buckingham Palace before the 'Bharat Ki Baat, Sabke Saath' diaspora event, to be telecast live from the iconic Central Hall Westminster in London today.

The event billed as the centrepiece of the 'Living Bridge' theme of the India-UK bilateral visit, will involve Modi addressing questions from across the world which have already been received via social media.

At the end of the live telecast, he will join Heads of Government from 52 other Commonwealth countries at a dinner hosted by the British prime minister as a formal welcome to CHOGM.

This will be followed by the executive session of the heads in London tomorrow before they head to Windsor for the CHOGM retreat, where the world leaders will interact on an informal basis.

This will conclude Modi's UK visit after which he will leave for India.

According to official estimates, the India-UK bilateral trade stands at USD 13 billion, with the UK among the largest G20 investors in India.

Modi's visit will have a particular focus on the India-UK technological partnership as well as an enhanced role in the Commonwealth.

"India's engagement is absolutely brilliant… there is a recognition that the Commonwealth offers a great opportunity for India and within that opportunity lies an opportunity for the rest of the Commonwealth," says Lord Marland, chairman of the Commonwealth Enterprise and Investment Council (CWEIC).

An Indian prime minister will attend the Commonwealth summit, which is held every two years, after a hiatus of nearly a decade, having last attended the 2009 CHOGM in Trinidad and Tobago.

The Indian government has said that Modi's attendance at the summit this year symbolises the country's wider efforts to step up its role across global forums. This stepped-up engagement is likely to take the form of increased activity within the Commonwealth, including greater resources and manpower as well as financial contributions.

Comments

ali
 - 
Wednesday, 18 Apr 2018

feku in uk and daaku in karnataka.

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 28,2020

Kuala Lumpur, Jul 28: Malaysia's ex-leader Najib Razak was found guilty Tuesday in his first trial over the multi-billion-dollar 1MDB scandal, two years after the fraud contributed to the downfall of his long-ruling government.

The former prime minister could now face decades in jail after being convicted on all charges in the case related to the looting of sovereign wealth fund 1Malaysia Development Berhad.

Billions of dollars were stolen from the investment vehicle and spent on everything from high-end real estate to pricey art, while investment bank Goldman Sachs also became embroiled in the scandal.

Anger at the looting played a large part in the shock loss of Najib's long-ruling coalition in elections in 2018, and he was arrested and hit with dozens of charges following his defeat.

The verdict was a test of Malaysia's rule of law. It comes about five months after Najib's scandal-plagued party returned to power as part of a coalition, development observers had feared could affect the outcome of the case.

About 16 months after it began, the Kuala Lumpur High Court delivered the verdict in Najib's first trial, which centred on the transfer of 42 million ringgit ($9.9 million) from a former 1MDB unit, SRC International, into his accounts.

Najib had vehemently denied wrongdoing.

But Judge Mohamad Nazlan Mohamad Ghazali took apart all the arguments put forward by his defence, and found him guilty on the seven charges he faced.

"In conclusion, after considering all the evidence in this trial, I find the prosecution has successfully proven the case," the judge told the court.

The charges were one of abuse of power, three of criminal breach of trust and three of money-laundering.

The counts of abuse of power and criminal breach of trust are punishable by up to 20 years in jail each, while the money-laundering charges are punishable by up to 15 years each.

Sentencing was not handed down straight away. The 67-year-old will likely appeal and he may not be sent to jail immediately. If his conviction is upheld, he will also be barred from political office for several years.

Najib had insisted he was ignorant of the transactions.

The defence team portrayed Najib as a victim and instead sought to paint financier Low Taek Jho, a key figure in the scandal who has been charged in the US and Malaysia, as the mastermind.

Low, whose whereabouts are unknown, maintains his innocence.

Prosecutors insisted Najib was in control of the 1MDB unit, SRC International.

The return of Najib's party to power as part of a coalition in March followed the collapse of Mahathir Mohamad's reformist administration.

Since then, 1MDB-linked charges were unexpectedly dropped against the ex-leader's stepson Riza Aziz, a producer of Hollywood movie "The Wolf of Wall Street", in exchange for him agreeing to return assets to Malaysia.

Prosecutors also dropped dozens of charges against Najib ally Musa Aman, the former leader of Sabah state.

The amounts involved in Najib's first case are small compared to those in his second and most significant trial, which centres on allegations he illicitly obtained more than $500 million.

Malaysia had charged Goldman Sachs and some current and former staff, claiming large amounts were stolen when the bank arranged bond issues for 1MDB.

But the two sides agreed to a $3.9 billion settlement last week in exchange for charges being dropped.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
February 1,2020

Washington, Feb 1: The Indian economy experienced some abrupt slowdown in 2019 due to turbulence in non-banking financial institutions and major reform measures such as GST and demonetisation, but it is not in a recession, IMF Managing Director Kristalina Georgieva has said.

"The Indian economy indeed has experienced an abrupt slowdown in 2019. We had to revise our growth projections, downwards to four percent for last year. We are expecting 5.8 per cent (growth rate) in 2020 and then an upward trajectory to 6.5 percent in 2021," Georgieva told a group of foreign journalists here on Friday.

"It appears that the main reason for this slowdown was the non-banking financial institutions experiencing a turbulence," she said on the eve of Union Finance Minister Nirmala Sitharaman presenting the annual budget in Parliament on Saturday.

She said India had undertaken some important reforms that over the longer term would be beneficial for the country, but they do have some short-term impact.

"For example, coming with the unified tax system, and the demonetisation that took place. These are steps that over time are beneficial, but of course they might, might be somewhat disruptive over short term," Georgieva said in response to a question.

The International Monetary Fund (IMF) Managing Director said that there is not a lot of fiscal space in India. “But we also recognise that the policies of the government on that side, on the fiscal side have been prudent. We will see how the reading of the budget, the submission of the budget goes, tomorrow,” she said.

In the medium-term, she said, the IMF remains optimistic about India. “This is why we see that upswing potential for the growth in the country,” she said.

Georgieva said that the current economic slowdown cannot be described as a recession. "No.... You're far from that. But it is a significant slowdown, not the recession," she said.

The IMF managing Director noted that the consumption in India also slowed down and that contributed to the overall slowdown in the economy. The IMF would be keen to see what India does to get relatively sound macroeconomic fundamentals to pay off in terms of better growth trajectory, she said ahead of the budget.

One thing that is important for India is that budgetary revenue have been below target. "The country knows that. The finance minister knows it. They need to increase budgetary revenue collection so they can improve their fiscal position. I said it's tight on the spending side, but I also want to stress that there is room to improve collection on the revenue side," she said.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 11,2020

May 11: Congress leader Rahul Gandhi on Monday said many states were amending labour laws, but the fight against the novel coronavirus pandemic cannot be an excuse to exploit workers, suppress their voice and crush their human rights.

Gandhi said there cannot be any compromise on the basic principles by allowing unsafe workplaces.

"Many states are amending labour laws. We are together fighting against corona, but this cannot be an excuse to crush human rights, allow unsafe workplaces, exploit workers and suppress their voice," he said.

"There cannot be any compromise on these basic principles," he added.

Congress leader Jairam Ramesh also said it would be dangerous and disastrous to loosen labour, land and environment laws in the name of economic revival and stimulus.

"In the name of economic revival and stimulus, it will be dangerous and disastrous to loosen labour, land and environmental laws and regulations as the Modi govt is planning.

"The first steps have already been taken. This is a quack remedy like demonetisation," Ramesh tweeted.

Comments

Add new comment

About text formats
  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.