Donald Trump calls India a true friend: US official

Agencies
December 14, 2018

Washington, Dec 14: President Donald Trump calls India a "true friend", a top American diplomat has said as she highlighted the steps taken by the US over the last two years to strengthen its ties with India for the benefit of a broader Indo-Pacific region.

Principal deputy assistant secretary of state for south and central Asia Alice Wells' remarks came at a farewell reception hosted by the State Department in honour of the outgoing Indian Ambassador to the US, Navtej Singh Sarna.

"President Trump calls India a true friends and Secretary (of State Mike) Pompeo has characterise the US-India bilateral relationship as one deeply bound by our shared values," she said.

Top officials of the state department and the White House were present at the farewell reception for Sarna held at the historic Blair House, which is the official guest house of the US president. It is quite rare that the Blair House is used for a State Department farewell reception for an outgoing diplomat.

The US tenure of Sarna, who is retiring from Indian foreign service after an illustrious career of 38 years, has been extraordinary, Wells told the select audience.

Sarna took charge as India's ambassador to the US on November 5, 2016.

"Over the last two years, we have been able to host Prime Minister (Narendra) Modi here in Washington for a successful summit with President Trump," Wells said.

During Sarna's tenure, the two countries have inaugurated a new 2 +2 Dialogue to elevate their cooperation on security and strategic priorities for the benefit of their people and for the benefit of a broader Indo-Pacific region where the leadership of the two nations matters so much.

"Under your leadership in our countries have negotiated and finalised a landmark communications compatibility and security agreement, which makes our military cooperation more profound and advanced. We have also taken significant steps to build on India's status as a US major defense partner, including elevating India to strategic trade authorization, tier one status," Wells said.

"In your engagements with Americans across the country and also with the more than three million Indian Americans and this incredibly vibrant business leaders, the students, the technologist, the artist, you really helped bring our people in other countries together," she said as she praised Sarna.

Sarn said that the successful visit of Prime Minister Modi in June 2017 was the high point of his term here in Washington DC.

"The fact that the outcomes were so strong from the visit, the personal chemistry between Prime Minister Modi and President trump was so, so evident… and the joint statement that we came out with really set the chart for the months to follow," the Indian Ambassador said.

Listing some of the major highlights of his posting in US, Sarna said "today we can look back on and say that, well, yes, we are truly strategic global partners".

"We have found a huge amount of understanding for our political space, for our strategic autonomy, for the needs of our economy, for our role, for our taking into account our art history and our regional position vis a vis several other countries," he said.

"I think this entire process of building the bilateral relationship has been to work with each other to find while each country fulfils its national objectives - the US as well as India - at the same time, we find ways and means of growing together," he said.

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Agencies
August 3,2020

New York, Aug 3: The number of coronavirus cases confirmed all over the world has surpassed 18 million, while the global COVID-19 death toll stands at over 687,000 according to data from the Johns Hopkins University's Coronavirus Resource Center.

As of 06:00 Moscow time on Monday (03:00 GMT), there are 18,017,556 confirmed coronavirus cases in the world. The global death toll from COVID-19 stands at 687,930. The number of recovered individuals stands at 10,649,108.

The United States remains the country with the largest number of cases (4,665,932) and the highest COVID-19 death toll (154,841), according to the latest data from the Johns Hopkins University.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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News Network
July 24,2020

New Delhi, Jul 24: India reported the highest single-day spike of 49,310 coronavirus cases on Friday, according to the Union Ministry of Health and Family Welfare.

The total COVID-19 positive cases stand at 12,87,945 including 4,40,135 active cases, 8,17,209 cured/discharged/migrated.
With 740 deaths in the last 24 hours, the cumulative toll reached 30,601.

Maharashtra has reported 3,47,502 coronavirus cases, the highest among states and Union Territories in the country. A total of 1,92,964 cases have been reported from Tamil Nadu till now, while Delhi has recorded 1,27,364 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 3,52,801 samples were tested for coronavirus on Thursday and overall 1,54,28,170 samples have been tested so far. 

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