India, Saudi to ink raft of pacts during PM's visit

Agencies
October 28, 2019

New Delhi, Oct 28: India and Saudi Arabia will sign a raft of key pacts to significantly ramp up ties in several key sectors including oil and gas, renewable energy and civil aviation during Prime Minister Narendra Modi's two-day visit to the Gulf nation beginning Monday.

The major pacts to be signed included an agreement to launch an India-Saudi Arabia Strategic Partnership Council, an MoU to roll out RuPay card, India's digital payment system, and a separate one on bringing coordination between e-migration systems of the two countries, Secretary (Economic Relations) in the External Affairs Ministry T S Tirumurti said.

Briefing reporters on Modi's visit, the official said both sides will also deliberate on further enhancing defence and security cooperation, adding the first naval exercise between the two nations will take place by end of this year or early next year.

Asked whether Modi will brief the Saudi leadership about India's decisions on Kashmir, he said Riyadh has shown understanding about recent developments in the Valley.

On cross border terrorism, Tirumurti said both India and Saudi Arabia have concerns over terrorism which reflected in the joint statement issued after Crown Prime Salman's visit here in February.

In Saudi capital Riyadh, the prime minister will meet Saudi King Salman bin Abdulaziz Al Saud and hold delegation-level talks with Crown Prince Mohammad bin Salman. Modi will also deliver an address at the third edition of Saudi Arabia's Future Investment Initiative, an annual investment forum.

The Saudi Prince will host a banquet dinner for Modi on October 29.

Tirumurti said the two countries were also set to finalise and move ahead on the ambitious west coast refinery project in Raigarh in Maharastra which will involve investments from Saudi oil giant Aramco, UAE's Abu Dhabi National Oil Company and Indian public sector oil firms.

To expand energy ties, two countries are also set to sign an MoU for a joint venture between Indian Oil Middle East and with Saudi company Al Jeri for downstream cooperation and setting up of fuel retail business in the Gulf country.

Tirumurti said India has invited Saudi Arabia to participate in India's s strategic petroleum reserves and that New Delhi hopes to finalise an MoU for it during the prime minister's visit to the country.

Saudi Arabia is a key pillar of India's energy security, being a source of 17 per cent or more of crude oil and 32 per cent of LPG requirements of India.

Tirumurti said both sides are also hoping to finalise Saudi Arabia's investment in India's national infrastructure investment fund. Another key agreement both sides are eyeing to finalise is in the area of migration and protecting interests of Indian workforce in the country.

Tirumurti said both sides will finalise a framework for aligning e-migration system of both the countries.

We hope to launch the integration of our e-migrate system and the Saudi system during the prime minister's visit, he said.

He said both sides are also expected to ink an MoU for cooperation in the area of renewable energy, adding a separate pact will be signed to increase number of flights between the two countries.

Talking about people-to-people contacts, he said the Saudi King had agreed to raise the Haj quota for India from 1,75,025 to 2 lakhs from the current year and the decision has already been implemented.

The official also said that Saudi Arabia has already released nearly 450 Indian prisoners as agreed to during the visit of the Crown Prince to India in February.

During his visit, both sides agreed to launch the India-Saudi Arabia Strategic Partnership Council to coordinate decisions regarding strategically important issues.

The council will be headed by Prime Minister Modi and Crown Prince Salman and it will meet at an interval of two years.

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Agencies
April 27,2020

Riyad, Apr 27: The Saudi-led Arab Coalition supporting Yemen’s UN-recognized government on Monday urged all parties to end any escalation of hostilities and return to the status that existed before the Southern Transitional Council (STC) declared self-rule.

In a statement carried by the Saudi Press Agency (SPA), the coalition emphasized “the need to cancel any step that violates the Riyadh agreement and work to accelerate its implementation.” 

On Sunday, the United Arab Emirates-backed STC scrapped a peace deal with the internationally recognized government of President Abed Rabbo Mansour Hadi.

Accusing the government of corruption and mismanagement, the separatists said they would “self-govern” the key southern port city of Aden and other southern provinces.

Yemen’s Foreign Minister Mohammed Al-Hadhrami described the move as a “resumption of its (STC’s) armed insurgency and rejection and complete withdrawal from the Riyadh agreement.” 

Authorities in Yemen’s southern provinces of Hadramawt, Abyan, Shabwa, Al-Mahra and the remote island of Socotra also rejected the separatist group’s claim to self-rule.

The government said local and security authorities in the five provinces dismissed the move as a “clear and definite coup.” 

Some of the provinces issued their own statements condemning it.

The coalition appealed to all parties to “give priority to the interests of the Yemeni people over any other interests”. 

It also urged the parties involved not to lose their focus on working to achieve the goal of restoring the state, ending the Houthi “coup” and “countering terrorist organizations”.

“The Coalition has and will continue to undertake practical and systematic steps to implement the Riyadh Agreement between the parties to unite Yemeni ranks, restore state institutions and combat the scourge of terrorism,” the statement said. “The responsibility rests with the signatories to the Agreement to undertake national steps toward implementing its provisions, which were signed and agreed upon with a time matrix for implementation.”

The STC has been part of the coalition-backed forces fighting the Iran-backed Houthi militia, which seized control of the Yemeni capital Sanaa and other provinces in 2014.

The Houthi “coup” has led to the formation of the Saudi-led coalition, which had since driven away the Houthis from the south and other provinces. President Hadi’s government has made Aden as its temporary seat.

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Agencies
February 5,2020

Paris, Feb 5: Saudi Arabia has reported an outbreak of the highly pathogenic H5N8 bird flu virus on a poultry farm, the World Organisation for Animal Health (OIE) said on Tuesday, February 4.

The outbreak, which occurred in the central Sudair region, killed 22,700 birds, the OIE said, citing a report from the Saudi agriculture ministry.

The other 385,300 birds in the flock were slaughtered, it said.

The case was the first outbreak of the H5N8 virus in Saudi Arabia since July 2018.

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News Network
February 11,2020

New Delhi, Feb 11: The government has decided to rename National Institute of Financial Management (NIFM), Faridabad, as Arun Jaitley National Institute of Financial Management, an official statement said on Tuesday.

Set up in 1993 as a registered society under the Department of Expenditure, NIFM trains officers of Finance and Accounts Services recruited by the Union Public Service Commission (UPSC) as also officers of Indian Cost Accounts Service. The Union Finance Minister is the President of the NIFM Society.

"Aligning the vision and aspiration of the Institute for the future with the vision and contribution of late Arun Jaitley, the Government has decided to rename National Institute of Financial Management (NIFM) as the Arun Jaitley National Institute of Financial Management(AJNIFM)," the statement said.

NIFM has become a premier resource centre to meet the training needs of the central government for senior and middle level of management in the fields of public policy, financial management, public procurement and other governance issues for promoting highest standards of professional competence and practice.

Padma Vibhushan awardee Jaitley was the Union Minister for Finance and Corporate Affairs during May 26, 2014 to May 30, 2019.

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