'Howdy, Modi!' success moment for Indo-US ties: USISPF

Agencies
September 23, 2019

Houston, Sept 23: The joint address by Prime Minister Narendra Modi and US President Donald Trump here to a record crowd of over 50,000 Indian Americans was a triumphant moment for Indo-US relationship, the head of a top India-centric strategic and advocacy group said on Sunday.

"The addresses by President Trump and Prime Minister Modi to a 50,000 plus audience in Houston were a triumphant moment for our bilateral ties," Mukesh Aghi, president of the US India Strategic and Partnership Forum (USISPF), told PTI.

"The summit not only showed our leaders' camaraderie with each other but also their commitment towards the US-India partnership and why the two countries continue to be natural allies," he said.

Aghi said during the "Howdy, Modi!" rally, it was reiterated more than once that both countries have shared values, a love for independence, freedom, and liberty that bind them together.

Trump touched upon every area of bilateral cooperation -- from a strong defence partnership to fighting global terrorism, a growing energy trade and energy security, advanced clean energy technologies, and also some of the forward-looking aspects such as joint space cooperation, he said, referring to the US president's speech at the event.

"Prime Minister Modi's address reinforced India's strong global position -- geo-economically and geo-politically," Aghi said, adding that a rising India is capable of attracting bigger and better US investments that create jobs in both countries.

The Texas-India relationship itself is significant with Texas being India's second-largest trading partner, he said.

"It is incredible to witness this growth in our ties and we commend both leaders who have started off this trip on a very solid footing," Aghi said.

The American corporate sector, he said, is looking forward to some tangible outcomes from the bilateral meeting in New York, where the two leaders will discuss the trade ties that have seen an upward trajectory in the last decade.

"Most importantly, the summit was a stunning display of the power of our people-to-people ties and how Indian Americans continue to contribute economically, politically and culturally to the bilateral relationship," Aghi said.

Eminent venture capitalist and philanthropist M R Rangaswami, the founder of Indiaspora, a group that tries to organise Indian Americans, told The New York Times that events like "Howdy, Modi!" help the community become more relevant in the US.

Trump's appearance here was an opportunity to increase his 14 per cent showing among Indian Americans in 2016, he added.

Indian American attorney from New York Ravi Batra said precedents were broken and protocol-embedded wisdom discarded in Houston when Modi introduced Trump at the event.

"Such warmth, usually between brothers or best friends, can displace protocol for something better: a knowing and obvious joint destiny," he said.

"To the faint-hearted or mischievous, they need to proceed with caution during the 21st century, because Houston became the venue when history was reset and India -- that Columbus set out to find -- and America, that Columbus discovered, joined as long lost family with a passionate warmth that exceeds the limits of sovereignty," Batra added.

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News Network
May 24,2020

Beijing, May 24: The Chinese virology institute in the city where COVID-19 first emerged has three live strains of bat coronavirus on-site, but none match the new contagion wreaking chaos across the world, its director has said.

Scientists think COVID-19 -- which first emerged in Wuhan and has killed some 340,000 people worldwide -- originated in bats and could have been transmitted to people via another mammal.

But the director of the Wuhan Institute of Virology told state broadcaster CGTN that claims made by US President Donald Trump and others that the virus could have leaked from the facility were "pure fabrication".

"Now we have three strains of live viruses... But their highest similarity to SARS-CoV-2 only reaches 79.8 percent," she said, referring to the coronavirus strain that causes COVID-19.

US demands immediate start to WHO review

The United States called on the World Health Organisation on Friday to begin working immediately on investigating the source of the novel coronavirus, as well as its handling of the response to the pandemic.

One of their research teams, led by Professor Shi Zhengli, has been researching bat coronaviruses since 2004 and focused on the "source tracing of SARS", the strain behind another virus outbreak nearly two decades ago.

"We know that the whole genome of SARS-CoV-2 is only 80 percent similar to that of SARS. It's an obvious difference," she said.

"So, in Professor Shi's past research, they didn't pay attention to such viruses which are less similar to the SARS virus."

Conspiracy rumours that the biosafety lab was involved in the outbreak swirled online for months before Trump and US Secretary of State Mike Pompeo brought the theory into the mainstream by claiming that there is evidence the pathogen came from the institute.

The lab has said it received samples of the then-unknown virus on December 30, determined the viral genome sequence on January 2 and submitted information on the pathogen to the WHO on January 11.

Wang said in the interview that before it received samples in December, their team had never "encountered, researched or kept the virus."

"In fact, like everyone else, we didn't even know the virus existed," she said. "How could it have leaked from our lab when we never had it?"

The World Health Organization said Washington had offered no evidence to support the "speculative" claims.

In an interview with Scientific American, Shi said the SARS-CoV-2 genome sequence did not match any of the bat coronaviruses her laboratory had previously collected and studied.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
June 2,2020

London/Milan, Jun 2: World Health Organization experts and a range of other scientists said on Monday there was no evidence to support an assertion by a high profile Italian doctor that the coronavirus causing the COVID-19 pandemic has been losing potency.

Professor Alberto Zangrillo, head of intensive care at Italy's San Raffaele Hospital in Lombardy, which bore the brunt of Italy's COVID-19 epidemic, on Sunday told state television that the new coronavirus "clinically no longer exists".

But WHO epidemiologist Maria Van Kerkhove, as well as several other experts on viruses and infectious diseases, said Zangrillo's comments were not supported by scientific evidence.

There is no data to show the new coronavirus is changing significantly, either in its form of transmission or in the severity of the disease it causes, they said.

"In terms of transmissibility, that has not changed, in terms of severity, that has not changed," Van Kerkhove told reporters.

It is not unusual for viruses to mutate and adapt as they spread, and the debate on Monday highlights how scientists are monitoring and tracking the new virus. The COVID-19 pandemic has so far killed more than 370,000 people and infected more than 6 million.

Martin Hibberd, a professor of emerging infectious disease at the London School of Hygiene & Tropical Medicine, said major studies looking at genetic changes in the SARS-CoV-2 virus that causes COVID-19 did not support the idea that it was becoming less potent, or weakening in any way.

"With data from more than 35,000 whole virus genomes, there is currently no evidence that there is any significant difference relating to severity," he said in an emailed comment.

Zangrillo, well known in Italy as the personal doctor of former Prime Minister Silvio Berlusconi, said his comments were backed up by a study conducted by a fellow scientist, Massimo Clementi, which Zangrillo said would be published next week.

Zangrillo told Reuters: "We have never said that the virus has changed, we said that the interaction between the virus and the host has definitely changed."

He said this could be due either to different characteristics of the virus, which he said they had not yet identified, or different characteristics in those infected.

The study by Clementi, who is director of the microbiology and virology laboratory of San Raffaele, compared virus samples from COVID-19 patients at the Milan-based hospital in March with samples from patients with the disease in May.

"The result was unambiguous: an extremely significant difference between the viral load of patients admitted in March compared to" those admitted last month, Zangrillo said.

Oscar MacLean, an expert at the University of Glasgow's Centre for Virus Research, said suggestions that the virus was weakening were "not supported by anything in the scientific literature and also seem fairly implausible on genetic grounds."

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