India, UAE sign 7 agreements to step up bilateral cooperation

February 12, 2016

New Delhi, Feb 12: Stepping up their cooperation, India and the UAE Thursday night signed a wide-ranging set of seven agreements including on cyber security, infrastructure investment and insurance after talks between Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed Al Nahyan.

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At their restricted as well as delegation-level talks here, the two leaders deliberated extensively on combating threat of terrorism including from ISIS, and explored ways to enhance bilateral cooperation in counter-terrorism, maritime security and defence.

The pact on cyber space will provide for greater synergy between security agencies of the two countries to combat efforts to radicalise youths through online platforms besides checking activities of terror groups.

Modi had visited UAE in August last year during which it was decided to elevate the relationship to "comprehensive strategic partnership", providing for greater cooperation in strategic areas including defence and security.

Expanding economic engagement, particularly in oil and renewable energy sector and increasing UAE's investment in India, was a major focus area at the deliberations.

UAE's national oil company Adnoc has already agreed to store crude oil in India's maiden strategic storage and give two-third of the oil to it for free. India is building underground storages at Visakhapatnam in Andhra Pradesh and Mangalore and Padur in Karnataka to store about 5.33 million tonnes of crude oil.

Another pact was signed for creating a framework for facilitating participation of UAE's institutional investors in India's infrastructure sector while a separate agreement provides for cooperation in the insurance sector.

A total of seven pacts were signed between the two sides out of which four were inked in presence of Modi and Al Nahyan. Another pact between Dubai Economic Council and Export Import Bank of India will be signed in Mumbai tomorrow.

UAE has a sovereign wealth fund of around USD 800 billion and India hopes to attract a sizable investment from it in several key sectors.

The MoUs signed will also provide for cooperation in areas of skill development, space and cultural exchanges.

Modi held talks with the Crown Prince for a restricted meeting at his residence before delegation-level talks at Hyderabad House later in the evening. They continued their discussions over dinner as well.

Both the leaders deliberated on range of key issues including threat of ISIS, radicalism and the Mideast situation.

"Productive interaction with HH Mohamed bin Zayed Al Nahyan. Avenues of India-UAE cooperation are immense," Modi tweeted.

The Crown Prince also met President Pranab Mukherjee and Vice President Hamid Ansari. The President also hosted a lunch for the visiting leader.

Seeking to explore new avenues to raise the trade between

the two countries to USD 100 billion, Gargash said the target is "doable", but areas like IT, solar energy and sustainable energy must be looked at.

"The target could be reached if both worked together. You cannot keep squeezing the same orange. You have to create new areas of cooperation. If we look at IT, solar or sustainable energy, this is something (to focus on)... You need to add new revenue streams. It's doable," he said.

Talks are on for the trade pact between Gulf Cooperation Council (GCC) and India and the UAE has been talking to its Arab partners about it, he said.

"India is thinking strategically. We want to shift gears in the relationship with India," he said, referring to Modi's visit to Abu Dhabi. It was an opportunity which was "grabbed" by the UAE, he added.

Noting that the issue of terrorism and extremism was of major concern to both nations, Gargash said the UAE has "zero tolerance" to these and the fight against terrorism is a "marathon and not a sprint".

About Syria, he said that apart from air attacks, the campaign also needs the presence of ground troops, especially special forces.

"We have not asked India for troops (to join the fight against ISIS)," he said, adding that the UAE was aware of India's security priorities which revolve around the Indian Ocean and the sub-continent.

"The talks on defence cooperation are on and discussion is moving very well. A lot of things are in the pipeline. If we are able to achieve 30, 40 or even 50 per cent of what was discussed during Prime Minister Modi's visit to Abu Dhabi, it will be a lot," Gargash said.

He added that Crown Prince Mohammed bin Zayed Al Nahyan will visit Mumbai tomorrow as it is not only the financial capital of India, but also a "major trade window" for Abu Dhabi.

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News Network
May 23,2020

New Delhi, May 23: On the occasion of Jumat-ul-Vida, the last Friday of the ongoing holy month of Ramzan, a select group of people offered namaz at Delhi's Jama Masjid ahead of Eid-ul-Fitr, while adhering to social distancing following relaxations in the fourth phase of the COVID-19 lockdown.

"A large number of people wanted to offer prayers today but we told them they should do so from their homes. Only the staff of the mosque and a few members of the family offered prayers here," Shahi Imam of Jama Masjid said.

The coronavirus pandemic has also marred the excitement of Eid for the vegetable and fruit vendors in neighbouring Daryaganj.

The fourth phase of nation-wide lockdown extended till May 31, began from Monday in which markets and shops were allowed to open. However, due to persisting fear of COVID-19, the sale of products is yet to pick pace.

Unlike each year, the market lacks the sheen this Eid with no bustle and people cautious about venturing out.

Salim, who has been selling cheese and curd in the market for the last 35 years, told ANI, "I have never seen such an Eid. There is an atmosphere of fear in the minds of people."

Another fruit seller Haseen Malik said that "During the month of Ramadan, most people relish fruits such as musk melon, sweet lemon and watermelon so there is some demand for it. But there is no excitement for Eid this year. The sale has been at an all-time low because of the lockdown."

In the wake of the festival and to ensure social distancing, Delhi Police has made elaborate security arrangements. 

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News Network
January 15,2020

Jan 15: Amazon.com Inc Chief Executive Officer Jeff Bezos is facing a bitter welcome during his India visit this week as the country’s antitrust regulator initiated a formal investigation just hours before his arrival and trader bodies comprising millions of infuriated small store owners announced demonstrations.

Bezos is in New Delhi for the Smbhav summit, an Amazon India event for small and medium businesses. The billionaire is scheduled to conduct a fireside chat with Amazon India chief Amit Agarwal, anchoring an event that also features Infosys Ltd. co-founder Narayana Murthy and retail billionaire Kishore Biyani, who recently sold a stake in his retail group to Amazon. Ahead of the event, Bezos paid his respects at Mahatma Gandhi’s memorial, wearing a white tunic and a rust-colored Indian vest.

The small businesses that Amazon’s CEO is hoping to endear himself to, however, are organizing in opposition. The Confederation of All India Traders announced that members of its affiliate bodies across the country would stage sit-ins and public rallies in 300 cities to raise a war cry against the world’s largest online retailer. In a letter to Prime Minister Narendra Modi last week, the confederation’s Secretary General Praveen Khandelwal alleged that Amazon, much like Walmart Inc.-owned Flipkart, was an “economic terrorist” who engaged in predatory pricing that deprived the government of tax revenue and “compelled the closure of thousands of small traders.”

India’s e-commerce market is projected to grow to $150 billion by 2022, according to a 2018 report by software industry group Nasscom and consulting firm PwC India. Competition for this rapidly expanding sector is intensifying as Asia’s richest man, Mukesh Ambani, prepares to go live with JioMart, an online shopping platform challenging Amazon and Walmart directly. The latter’s Flipkart Online Services Pvt is also delving deeper into the countryside in its pursuit for more customers. Amazon, for its part, opened a huge office complex in the southern city of Hyderabad in September, underscoring its commitment to the country.

The Competition Commission of India said it would probe the deep discounts, preferential listings and exclusionary tactics that Amazon and Flipkart are alleged to have used as anti-competitive levers. India’s trade bodies have long argued that both retail giants were flouting rules by promoting sales and discounts through their favoured sellers, many of whom they have preexisting commercial arrangements. The regulator has ordered for the investigation to be completed within two months.

Bezos last visited India in 2014 under starkly different circumstances. During that trip, the Amazon founder wore local festive garb, rode atop a festooned truck for a photo opp and presented Amazon’s Indian unit with a giant check for $2 billion. Since then, Amazon has pledged a further $3.5 billion to expand in the country.

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News Network
June 17,2020

Jaipur, Jun 17: Police have registered an FIR against a television news anchor for allegedly making an objectionable comment on Sufi saint Khwaja Moinuddin Chishti.

The FIR was lodged after a complaint against News 18 India anchor Amish Devgan by a "khadim" at the saint's dargah in Ajmer on Tuesday night.

"He is running a communal agenda against the Muslim community. The dargah of Sufi saint is visited not only by Muslims but by people of all religions and his comments have hurt the sentiments of all," Syed Sarwar Chishti said.

The anchor later apologised on Twitter. "In 1 of my debates, I inadvertently referred to 'Khilji' as Chishti. I sincerely apologise for this grave error and the anguish it may hv caused to followers of the Sufi saint Moinuddin Chishti, whom I revere. I have in the past sought blessings at his dargah. I regret this error," Devgan tweeted.

Dargah SHO Hem Raj said a case was registered under sections of the Indian Penal Code and the IT Act for outraging religious feelings.

Another complaint was lodged by activist Muzaffar Bharti at the office of Ajmer's Superintendent of Police.

He accused Devgan and his team of trying to incite riots through "misleading and objectionable debates on communal issues".

He said Devgan made highly objectionable remarks on the revered saint, which shall not be tolerated.

"The dargah of Moinuddin Chishti is the symbol of brotherhood and harmony and crores of people of different religions all over the world have deep love and faith in the saint," he said.

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