India says ‘no standoff’ with US in diplomat row

January 12, 2014

US_in_diplomatNew Delhi, Jan 12: India said Saturday there was “no standoff” with Washington after it expelled a US diplomat in a bitter row over the arrest and strip search of an Indian consulate official in New York.

Indian foreign minister Salman Khurshid’s comments came a day after New Delhi gave a US diplomat 48 hours to quit the country over the dispute that has seriously strained bilateral ties.

“There is no standoff between India and the US,” Khurshid told reporters, adding “if there are any issues” the countries will “sort them out mutually”. Relations began fraying when Devyani Khobragade was arrested last month on charges of visa fraud involving her domestic servant and lying about how much she paid her.

Shortly before her indictment Thursday, Washington granted the Indian officer - who has denied all charges - full diplomatic immunity, allowing her to return to India in what appeared to be a compromise worked out with New Delhi. But the announcement late Friday that India had ordered the US diplomat to leave in apparent reprisal for its envoy’s treatment in New York suggested New Delhi was not ready to be entirely forgiving.

The deeply unpopular Congress government, struggling to win back favour in general elections due by May, has been under heavy pressure to act tough with Washington as opposition politicians have pounced on US actions.

They have denounced the treatment of the Indian diplomat as a violation of national sovereignty and said the United States should not be allowed to ride roughshod over Indian interests.

News of the US embassy official’s expulsion was splashed over newspaper front pages Saturday along with photos of Khobragade arriving home in Delhi late Friday, her palms pressed together in a traditional Indian greeting. The Indian Express newspaper said: “Delhi goes for revenge expulsion.”

The exact timing of the US diplomat’s departure from India was unclear as the US embassy was not returning phone calls. “I am really thankful for all your support. My government will speak for me, my lawyer will speak for me,” Khobragade, 39, who left her husband and two children behind in the United States, told reporters Saturday.

Khurshid, in other comments on Saturday, called it “unfortunate” that the diplomat “couldn’t complete her (US) tenure”.

The United States said late Friday it “deeply regrets” India’s expulsion of the US official and wanted to mend a partnership Washington has seen as a potential bulwark against China’s growing might.

“We’re looking to move our relationship forward. We’re looking to move past this challenging time,” US State Department spokeswoman Jen Psaki said.

US President Barack Obama had earlier called relations with India “one of the defining partnerships of the 21st century”.

Khobragade allegedly obtained a visa for her maid by promising to pay her $4,500 a month and then struck a secret deal to pay her 30,000 rupees ($573) a month, far below the US minimum wage.

Despite its soothing words, Washington has said the Indian diplomat cannot return to the United States unless she surrenders to the court.

The US embassy would not identify the expelled official but Indian newspapers named him as Wayne May, who managed security staff. The expelled US diplomat was of “similar rank” to Khobragade, the media said.

The diplomat’s arrest outside her children’s school and treatment in custody, where she was cavity searched, outraged India, which insisted she had diplomatic immunity.

India used bulldozers to remove security barriers at the US embassy in New Delhi and even stopped the mission importing duty-free alcohol.

While Americans took the maid’s side, many affluent Indians who pay their servants far less than Khobragade was accused of paying hers, supported the diplomat and viewed her treatment as high-handed superpower behaviour.

Even traditional US supporters were angered by Washington’s actions. “The US is so good at arm-twisting - India is just playing their game,” the national president of the Indo-American Chamber of Commerce, Chella Srinivasan, told AFP in a recent interview.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
June 20,2020

Hyderabad, Jun 20: IAF Chief Air Chief Marshal RKS Bhadauria on Saturday said that the force is well prepared and suitably deployed to respond to any contingency and it will never let the sacrifice of the bravehearts of Galwan go in vain.

"It should be very clear that we are well prepared and suitably deployed to respond to any contingency. I assure the nation that we are determined to deliver and will never let the sacrifice of the braves of Galwan go in vain," IAF Chief Air Chief Marshal Bhadauria said here.

Bhadauria was speaking at the Combined Graduation Parade (CGP) at Air Force Academy in Hyderabad.

His remarks come days after 20 Indian soldiers lost their lives in the violent face-off on June 15-16 during an attempt by the Chinese troops to unilaterally change the status quo during the de-escalation in eastern Ladakh.

Speaking about the current border situation with China, he said: "We are aware of the situation, be it on LAC or beyond, be it their air deployments, their posture and kind of deployments. We've full analysis and we have taken necessary action that we need to take to handle any contingency that may come up."

"We are monitoring all the moments and we are aware of the full situation," he added.

He further said that in spite of the "unacceptable Chinese action" at Galwan Valley in eastern Ladakh, which claimed lives of 20 Indian Army personnel, efforts are underway to ensure that the current situation at the Line of Actual Control (LAC) is resolved peacefully.

He asserted that the IAF is determined to deliver and the development at the LAC in Ladakh is a small snapshot of what the force is required to handle at short notice.

The IAF Chief further appealed to people to join him in paying tribute Colonel Santosh Babu and his brave men who made the sacrifice while defending the LAC in Galwan valley.

"The gallant actions in a highly-challenging situation have demonstrated our resolve to protect India's sovereignty at any cost," the Indian Air Force (IAF) chief said.

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Agencies
March 14,2020

New Delhi, Mar 14: The central government on Saturday declared COVID-19 as a national 'disaster' and announced to provide ex-gratia relief of Rs 4 lakh to the families who died of the virus.

The Ministry of Home Affairs in a letter to states and union territories stated: "Keeping in view that spread of COVID-19 virus in India the declaration of it as pandemic by World Health Organisation, the Central government has decided to treat it as a notified disaster and announced to provide assistance under State Disaster Response Fund (SDRF)."

The Centre said that cost of hospitalization for managing COVID-19 patient would be at the rates fixed by the state governments. The state government can use SDRF found for providing temporary accommodation, food, clothing and medical care for people affected and sheltered in quarantine camps, other than home quarantine, or for cluster containment operations.

The state executive committee will decide the number of quarantine camps, their duration and the number of persons in such camps. "Period can be extended by the committee beyond the prescribed limit subject to condition that expenditure on this account should not exceed 25 percent of SDRF allocation for the year," the Ministry of Home Affairs notification stated.

The cost of consumables for sample collection would be taken from the funds which can be sued to support for checking, screening and contact tracing.

Further, funds can also be withdrawn for setting up additional testing laboratories within the government set up. The state has also to bear the cost of personal protection equipment for healthcare, municipal, police and fire authorities. Further SDRF money can also be used for procuring thermal scanners and ventilation and other necessary equipment.

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