India is very important inspiration: UN cheif Guterres

Agencies
June 9, 2018

United Nations, Jun 9: Describing India as a "very important inspiration" for the international community, UN chief Antonio Guterres has commended the country for its leadership in a development partnership fund with the UN that he said has emerged as a vital example of deepening South-South cooperation.

Guterres thanked India for its "strong commitment to multilateralism" and to partnership with the United Nations, which he said is expressed in many ways across the global agenda and seen through the activities of this "important" fund.

“India played a very important role in shaping the Sustainable Development Goals. And even before the Goals were crystallized, India’s own development efforts and vision reflected many of the same priorities and aspirations. India is, for all of us, a very important inspiration,” Guterres said in his remarks to an event marking the first anniversary of the India-UN Development Partnership Fund.

“The Fund shows the further deepening of South-South cooperation, an increasingly valuable dimension of our work for development,” the Secretary General said.

The UN Chief, who is expected to visit India later this year, commended India for its “leadership and solidarity”, saying he looks forward to further engagement with the country on the fund.

“And I will have the opportunity soon in Delhi to congratulate the Indian government on this very very important initiative,” he said at the event here yesterday attended by several UN Ambassadors and diplomats.

The India-UN Development Partnership Fund was launched last year with the aim of assisting projects for the implementation of the Sustainable Development Goals (SDGs) in partner countries. It supports Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world, with a focus on least developed countries and small island developing states.

The fund is managed by the UN Office for South-South Cooperation and UN agencies implement the Fund’s projects in close collaboration with partnering governments. The Indian Government has committed an amount of 100 million dollars over ten years.

In April 2018, the Government of India established a separate Commonwealth Window under the Fund aimed at partnership with developing countries in the Commonwealth. Under this window, an additional sum of USD 50 million over the next five years has been committed for partnerships with developing country members of the Commonwealth. Projects supporting biomedical waste management in Grenada, clean energy in Tuvalu and census data collection in Vanuatu have been approved under this window.

Guterres said that South-South cooperation between developing nations is not an instrument aimed at replacing North-South cooperation between developed and developing nations.

“South-South cooperation is not an instrument for the commitments that were made by developed countries now to be put aside. South-South cooperation must be a stimulus for an intensified North-South cooperation, for the Addis Ababa agenda to be fully implemented and for everybody to assume their responsibilities in the context of a world in which we want a fair globalization, in which justice prevails in international relations,” he said.

India’s Permanent Representative to the UN Syed Akbaruddin said that from the first project of a million dollars, the annual contribution and portfolio of projects has multiplied several times within the first year of the fund’s operation.

Calling for a “1-2-3 process”, Akbaruddin urged the Secretary General to ensure that the speed of implementation of projects entrusted to the UN agencies is enhanced.

Explaining the 1-2-3 process, Akbaruddin said funds are put up up-front and the mechanisms for assessing a project from the partner countries and accepting it in consultation with the South-South Fund has been cut down to less than a month. “So that is part 1,” he said. He added that Part 2 entails that each of the projects in this Fund are implemented quickly and completed within a two-year period, none going beyond the 3rd year.

“Only then can we call it the 1-2-3 process with true meaning and effectiveness. We look forward to the reformed system being put in place from January 1, 2018 providing greater efficiency and effectiveness to the UN’s facilitation of sustainable development efforts across the world and ensuring a 1-2-3 process for triangular cooperation with the Global South,” Akbaruddin said.

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News Network
April 26,2020

Dubai, Apr 26: The Central Bank of the UAE (CBUAE) has instructed financial institutions in the country to search and freeze all bank accounts of Indian billionaire BR Shetty and his family along with those of companies where he has a stake.

The apex bank has also blacklisted several firms associated with Shetty along with their entire senior management.

In an advisory issued last week, CBUAE cited decisions of the Federal Attorney General and asked financial institutions to search and freeze any bank accounts, deposits or investments in the name of Shetty or his family members.

Financial institutions have been directed to stop transfers from these accounts and deny access to deposit boxes.

Currently in India and facing a string of charges, Shetty is the founder of NMC Health.

The heathcare provider was placed into administration by a UK court recently following an application by the Abu Dhabi Commercial Bank (ADCB) which alone has an exposure of $981 million (Dh3.6 billion).

Overall, UAE banks have a combined exposure of more than Dh8bn to NMC which owes money to Oman-based banks and financial institutions as well.

Probing credit facilities
The Central Bank has sought information about credit facilites extended to the Shettys along with details of their safe deposit boxes and the financial transfers they have made till date.

A similar advisory has been issued for NMC Healthcare and NMC Holding, based on the decision of the Head of Plenary Fund Prosecution.

The Central Bank has also blacklisted several companies associated with Shetty. Key staff members of these firms have been similarly blacklisted.

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Angry Indian
 - 
Monday, 27 Apr 2020

when you make money with good country you should not make doka to that country, first of all we indian have bad name in GCC now this will make more dought on indian hindus..

 

after BJP come to power in india,our country is acting like maron, this will only end with final WAR.

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News Network
January 17,2020

New Delhi, Jan 17: A Delhi court Friday issued fresh death warrants for February 1, 6 am against the four convicts in the Nirbhaya gang rape and murder case.

Additional Sessions Judge Satish Kumar Arora was hearing a plea by one of the four death row convicts in the case, Mukesh Kumar Singh, seeking postponement of the date of his execution scheduled for January 22.

Earlier in the day, the Tihar jail authorities sought issuance of fresh death warrants against the four convicts.

Public Prosecutor Irfan Ahmed told the court that Mukesh's mercy plea was rejected by President Ram Nath Kovind on Friday.

The 23-year-old paramedic student, referred to as Nirbhaya, was gang-raped and brutally assaulted on the intervening night of December 16-17, 2012 inside a moving bus in south Delhi by six persons before being thrown out on the road.

She died on December 29, 2012, at Mount Elizabeth Hospital in Singapore.

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Agencies
May 6,2020

Italian researchers have claimed that they have successfully developed a vaccine to contain coronavirus (COVID-19) which is likely to work on humans, a report said.

Luigi Aurisicchio, CEO of Takis, the firm developing the medication, said that a coronavirus candidate vaccine has neutralised the virus in human cells for the first time, the Arab News reported.

"This is the most advanced stage of testing of a candidate vaccine created in Italy. Human tests are expected after this summer," Aurisicchio was quoted as saying to Italian news agency ANSA.

"According to the Spallanzani Hospital, as far as we know we are the first in the world so far to have demonstrated neutralisation of the coronavirus by a vaccine. We expect this to happen in humans too," he added.

The researchers experimented with the vaccine on mice that had successfully developed antibodies that blocked the virus from infecting the cells. They further observed that the five vaccine candidates generated a large number of antibodies, and selected two with the best results.

All of the vaccine candidates currently being developed are based on the genetic material of DNA protein "spike", the molecular tip used by the coronavirus to enter human cells.

They are injected with the so-called "electroporation" technique, which consists of an intramuscular injection followed by a brief electrical impulse, helping the vaccine break into the cells and activating the immune system, the report said.

Researchers believe that this makes their vaccine particularly effective for generating functional antibodies against the "spike" protein, in particular in the lung cells, which are the most vulnerable to coronavirus.

"We are working hard for a vaccine coming from Italian research, with an all-Italian and innovative technology, tested in Italy and made available to everyone," Aurisicchio was quoted by the Arab News report.

"In order to reach this goal, we need the support of national and international institutions and partners who may help us speed up the process," he noted.

The total number of COVID-19 infections, fatalities and recoveries since the pandemic began has risen to 213,013 in the country.

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