India growth story to pick up speed with development of Northeast: PM

Agencies
February 3, 2018

Guwahati, Feb 3: Highlighting "path-breaking" economic reforms undertaken by his government, Prime Minister Narendra Modi today said India's growth story will further pick up speed when there is an all-round development of the Northeast.

Inaugurating the two-day 'Global Investors Summit' hosted by Assam, he stressed on the importance of 'Act East Policy' in the Centre's aim of achieving balanced and fast-paced growth of the Northeastern region.

"We have created the Act East Policy and the Northeast is at the heart of it.

"The Act East Policy requires increased people to people contact, trade ties and other relations with countries on India's east, particularly ASEAN countries," he said.

The prime minister said due to economic reforms, India is today the most preferred investment destination in the world with the highest FDI in last fiscal at USD 60 billion, and highlighted the country's improved credit rating, low inflation rate and an opening of various sectors to foreign direct investment.

"The world sees India today as an emerging powerhouse for economic growth," he said.

Modi said his government has changed the work culture of the official machinery, giving it greater speed, and "we want all projects to be completed before target".

Pointing to initiatives announced in the Budget on health insurance and free cooking gas connection for the poor and transparency in tax regime, he said all the schemes of the Union government are oriented towards bringing about a qualitative change in the lives of the people.

The aim is to improve "ease of living", the prime minister said.

The Union government has taken up many path-breaking economic reforms in last three years, which have simplified procedures for doing business, he said.

It is a result of these reforms that India today ranks 100 among 190 countries in the Doing Business Report, of the World Bank, after climbing up 42 ranks, Modi said.

India's position has improved in many other ratings like Global Competitiveness Index of World Economic Forum and Moodys rating upgrade from stable to positive in November 2017.

"Our policies have ensured that inflation remains below 5 percent mark. Now, we have foreign exchange reserves of USD 418 billion.

"Many new sectors have been opened for 100 per cent FDI through automatic routes like automobiles, textiles, tourism, ports and highways.

"Today, India is one of the most preferred destinations for FDI. India has received highest ever annual FDI of USD 60 billion in 2016-17," he said.

Talking about the recent announcements in the budget, he said 45-50 crore people will benefit from the health insurance scheme Ayushman Bharat and it has enhanced the possibilities of setting up hospitals in tier II and III cities by hospital chains.

Modi said the government's current focus is on infrastructure investment and next year it will be investing about Rs 6 lakh crore in this sector.

"This year we aim to complete more than 9,000 kilometres length of National Highways. We will be developing 35,000 kilometers of roads with investment of Rs 5.35 lakh crore under Bharatmala project," he said, adding the Railways will make an investment of Rs 1.48 lakh crore in 2018-19. Assam is hosting its first global investors summit to showcase its manufacturing opportunities and geostrategic advantages to foreign and domestic investors.

The summit aims at highlighting Assam's core competencies in different sectors along with the policy initiatives taken by the state government.

The prime minister said the tagline of the summit 'Advantage Assam: India's Express way to ASEAN' is not just a statement but is a comprehensive vision.

India's growth story will further pick up speed only when there is an all-round development of the Northeast and its people, he said.

Modi said development of MSME sector is a priority for the government as this is the back-bone of country's industries.

"In this years budget, we are giving a big relief to MSMEs by reducing rate of income tax to 25 per cent on companies reporting a turn-over of up to Rs. 250 crore.

"This will benefit almost 99 per cent of companies, he said.

Modi said the 2018-19 budget has provided additional deduction to the employees of 30 per cent of the wages paid for new employees under the Income Tax Act.

"We are also rolling out e-assessment of income tax across the country to eliminate corruption and bring efficiency and transparency, he said.

Further, the women employees contribution to EPF will be 8 per cent for first three years against existing rate of 12 per cent.

The prime minister said he was happy to note that Assam is ranked first among the Northeastern states in the Ease of Doing Business report.

"I am sure that with the present leadership of the state government, Assam is going to further improve its current position to emerge as one of the most sought-after states for industrial investment in the country," he said.

Those present at the event included Bhutanese PM Tshering Tobgay, several Union ministers, Assam Chief Minister Sarbananda Sonowal, chief ministers of Arunachal Pradesh and Manipur, ambassadors and high commissioners of 16 countries, RIL chairman Mukesh Ambani, Tata Sons chairman N Chandrasekharan besides other.

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News Network
February 29,2020

New Delhi, Feb 29: The father of Intelligence Bureau staffer Ankit Sharma, whose body was pulled out of a drain in northeast Delhi's riot-hit Chand Bagh, complained to police that goons had assembled at the residence of former AAP counselor Tahir Hussain and were throwing petrol bombs from the rooftop.

According to the FIR which was registered on Thursday on the basis of the complaint lodged by Ankit's father Ravinder, the goons were also firing from the rooftop.

On Tuesday, Ankit returned from his office at 5 pm and then went outside to buy groceries. When he did not return, the family started looking for him and later filed a missing report, the FIR stated.

They got to know from their neighbours that a body has been recovered from a drain… later it was found to be that of Anikt, it said, adding the body had multiple stab injuries on the face, head, back, and chest.

The family has alleged in the FIR that it was Hussain and the goons at his residence who killed Ankit. In the FIR, Hussain has been accused of murder, destruction of evidence and abduction.

Soon after the FIR was registered on Thursday, the AAP suspended Tahir Hussain from the primary membership of the party till the police completed its probe.

The death toll in Delhi's communal violence rose to 42 on Friday as the situation showed some signs of returning to normalcy and clouds of smoke cleared to reveal the extent of the damage from the worst riots in the city in over three decades.

A total of 148 FIRs have been registered and 630 people have been either arrested or detained so far in connection with the communal violence, a Delhi Police spokesperson said.

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News Network
May 30,2020

Washington, May 30: President Donald Trump said Friday he would strip several of Hong Kong's special privileges with the United States and bar some Chinese students from US universities in anger over Beijing's bid to exert control in the financial hub.

In a day of concerted action, the United States and Britain also raised alarm at the UN Security Council over a controversial new security law for Hong Kong, angering Beijing which said the issue had no place at the world body.

In a White House appearance that Trump had teased for a day, the US president attacked China over its treatment of the former British colony, saying it was "diminishing the city's longstanding and proud status."

"This is a tragedy for the people of Hong Kong, the people of China and indeed the people of the world," Trump said.

Trump also said he was terminating the US relationship with the World Health Organization, which he has accused of pro-China bias in its management of the coronavirus crisis.

But Trump was light on specifics and notably avoided personal criticism of President Xi Jinping, with whom he has boasted of having a friendship even as the two powers feud over a rising range of issues.

"I am directing my administration to begin the process of eliminating policy that gives Hong Kong different and special treatment," Trump said.

"This will affect the full range of agreements, from our extradition treaty to our export controls on dual-use technologies and more, with few exceptions," he said.

Secretary of State Mike Pompeo on Wednesday informed Congress that the Trump administration would no longer consider Hong Kong to be separate under US law, but it was up to Trump to spell out the consequences.

China this week pressed ahead on a law that would ban subversion and other perceived offenses against its rule in Hong Kong, which was rocked by months of massive pro-democracy protests last year.

US restricts students

In one move that could have long-reaching consequences, Trump issued an order to ban graduate students from US universities who are connected to China's military.

"For years, the government of China has conducted elicit espionage to steal our industrial secrets, of which there are many," Trump said.

Hawkish Republicans have been clamoring to kick out Chinese students enrolled in sensitive fields. The FBI in February said it was investigating 1,000 cases of Chinese economic espionage and technological theft.

But any move to deter students is unwelcome for US universities, which rely increasingly on tuition from foreigners and have already been hit hard by the COVID-19 shutdown.

China has been the top source of foreign students to the United States for the past decade with nearly 370,000 Chinese at US universities, although Trump's order will not directly affect undergraduates.

Critics say Trump has been eager to fan outrage about China to deflect attention from his own handling of the coronavirus pandemic that has killed more than 100,000 people in the United States, the highest number of deaths of any country.

Chuck Schumer, the top Democrat in the Senate, called Trump's announcement "just pathetic."

Eliot Engel, a Democrat who heads the House Foreign Affairs Committee, noted that Trump treaded lightly on Hong Kong during last year's protests as he sought a trade deal with Xi.

"Now, the president wants to shift the blame for his failures onto China, so he's doing the right thing for the wrong reason," Engel said.

Trump's order could also trigger retaliation. China in March expelled US journalists after the Trump administration tightened visa rules for staff at Chinese state media.

Clash at UN

The United States and Britain earlier in the day urged China to reconsider the Hong Kong law during talks at the UN Security Council, where China wields a veto -- making any formal session, let alone action against Beijing, impossible.

The Western allies raised Hong Kong in an informal, closed-door videoconference where China cannot block the agenda.

They said China was violating an international commitment as the 1984 handover agreement with Britain, in which Beijing promised to maintain the financial hub's separate system until at least 2047, was registered with the United Nations.

"The United States is resolute, and calls upon all UN members states to join us in demanding that the PRC immediately reverse course and honor its international legal commitments to this institution and to the Hong Kong people," said US Ambassador Kelly Craft, referring to the People's Republic of China.  

China demanded that the United States and Britain "immediately stop interfering in Hong Kong affairs," saying the law did not fall under the Security Council's mandate.

"Any attempt to use Hong Kong to interfere in China's internal matters is doomed to fail," warned a statement from China's UN mission.

"There was no consensus, no formal discussion in the Security Council, and the US and the UK's move came to nothing," it said.

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Agencies
July 7,2020

Washington, Jul 7: The US military "will continue to stand strong” in relationship to a conflict between India and China or anywhere else, a top White House official said on Monday, after the navy deployed two aircraft carriers to the South China Sea to boost its presence in the region.

"The message is clear. We're not going to stand by and let China or anyone else take the reins in terms of being the most powerful, dominant force, whether it's in that region or over here,” White House Chief of Staff Mark Meadows told Fox News.

“And the message is clear. Our military might stands strong and will continue to stand strong, whether it's in relationship to a conflict between India and China or anywhere else,” Meadows said in response to a question.

He was told that India banned Chinese apps because Indian soldiers were killed by Chinese troops last month and asked what's mission of the two aircraft carriers - the Ronald Reagan and the Nimitz - and what's America's mission.

The troops of India and China are locked in an eight-week standoff in several areas in eastern Ladakh including Pangong Tso, Galwan Valley and Gogra Hot Spring. The situation deteriorated last month following the Galwan Valley clashes that left 20 Indian Army personnel dead as the two sides significantly bolstered their deployments in most areas along the LAC.

The Chinese military on Monday began withdrawing troops from the Galwan Valley and Gogra Hot Spring after National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi held lengthy talks on Sunday. Doval and Wang are also the special representatives on the India-China boundary talks.

The United States has sent two of its aircraft carriers to the South China Sea. “Our mission is to make sure that the world knows that we still have the preeminent fighting force on the face of the globe,” Meadows said.

President Donald Trump has invested more in the US military, more in not only the hardware, but the men and women who serve so sacrificially each and every day, he said. “He (Trump) continues to do so,” he added.

China is engaged in hotly contested territorial disputes in both the South China Sea and the East China Sea. Beijing has built up and militarised many of the islands and reefs it controls in the region. Both areas are stated to be rich in minerals, oil and other natural resources and are vital to global trade.

China claims almost all of the South China Sea. Vietnam, the Philippines, Malaysia, Brunei and Taiwan have counter claims over the area.

Appearing on the same Fox News on Monday talk show with host Brian Kilmeade, influential Republican Senator Tom Cotton said that the US aircraft carriers are headed to the South China Sea to thwart off any Chinese misadventure against Taiwan or other countries in the region.

"That's one of the reasons why we have those aircraft carrier groups in the South China Sea. I mean, look what China did in the southwest. It's essentially invaded India over the last few weeks and killed Indian soldiers,” Cotton said.

"No country on China's periphery, right now, is safe from Chinese aggression. All those countries want a close relationship with the United States. We ought to have one,” Cotton said.

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