Japan makes exception; signs historic nuclear deal with India

November 11, 2016

Tokyo, Nov 11: Making an exception, Japan today signed a historic civil nuclear cooperation deal with India, opening the door for collaboration between their industries in the field even as the countries signed nine other agreements in various areas to bolster bilateral ties.Japan-India

The agreements, including the one for cooperation in peaceful uses of nuclear energy, marks a historic step in their engagement to build a clean energy partnership, Prime Minister Narendra Modi said after wide-ranging talks with his Japanese counterpart Shinzo Abe.

The nuclear agreement comes after tough negotiations for over six years between the two countries and Abe said at the joint media interaction with Modi that he was delighted over the signing of agreement on peaceful use of nuclear energy.

"This agreement is a legal framework that India will act responsibly in peaceful uses of nuclear energy and also in Non-Proliferation regime even though India is not a participant or signatory of NPT," he said.

"It (the agreement) is in line with Japan's ambition to create a world without nuclear weapons," said Abe, whose country has traditionally adopted a tough stand on proliferation issues having been the only victim of atomic bombings during World War II.

He noted that India in September 2008 had made its intention of peaceful uses of nuclear energy and also announced moratorium on nuclear tests.

"Today's signing of the Agreement for Cooperation in Peaceful Uses of Nuclear Energy marks a historic step in our engagement to build a clean energy partnership," Modi said.

"Our cooperation in this field will help us combat the challenge of Climate Change. I also acknowledge the special significance that such an agreement has for Japan," he said and thanked Abe, Japanese government and Parliament for their support to this agreement.

Other nations who have signed civil nuclear deal with India include the US, Russia, South Korea, Mongolia, France, Namibia, Argentina, Canada, Kazakhstan and Australia.

In his remarks, Prime Minister Modi said as democracies, the two countries "support openness, transparency and the rule of law".

"We are also united in our resolve to combat the menace of terrorism, especially cross-border terrorism," he said.
Later, speaking at a Banquet hosted by Abe in his honour, Modi said there is also a lot that the two sides can do together as close partners, not just for the benefit of their societies, but also for the region and the whole world.

"Our capacities could also combine to respond to both, the opportunities and challenges that we jointly face in present times. And, together with the global community we can, and we must, combat the rising threats of radicalisation, extremism and terrorism," he said.

Abe pushed for universalization of the NPT, entry into force of Comprehensive Nuclear-Test-Ban Treaty (CTBT) and start of negotiations at the earliest on Fissile Material Cutoff Treaty (FMCT).

"The two Prime Ministers welcomed the signing of the Agreement between the Government of Japan and the Government of the Republic of India for Cooperation in the Peaceful Uses of Nuclear Energy which reflects a new level of mutual confidence and strategic partnership in the cause of clean energy, economic development and a peaceful and secure world," said a joint statement.

Modi said deeper economic engagement, growth of trade, manufacturing and investment ties, focus on clean energy, partnership to secure the citizens, and cooperation on infrastructure and skill development are among key priorities.

"India and its economy are pursuing many transformations. Our aim is to become a major centre for manufacturing, investments and for the 21st century knowledge industries.

"And, in this journey, we see Japan as a natural partner. We believe there is vast scope to combine our relative advantages, whether of capital, technology or human resources, to work for mutual benefit," he said in his joint interaction.

The Prime Minister said that the strategic partnership between the two countries also brings peace, stability and balance to the region. It is alive and responsive to emerging opportunities and challenges in Asia-Pacific, he said.

The successful Malabar naval exercise has underscored the convergence in the two sides' strategic interests in the broad expanse of the waters of the Indo-Pacific, Modi said.

On his part, Abe mentioned the high speed train corridor between Mumbai and Ahmedabad that is being built with the help of Japan, saying the project symbolizes a new dimension in the special relations.

Prime Minister Abe said the designing of the project will begin by the end of this year, construction will begin in 2018 and the high speed train will be in service from 2023.

He said Modi, who will travel by one such train to Kobe city tomorrow from here, will see for himself that it is the safest technology in the world.

The Japanese private sector also would be setting up an institute of manufacturing in India to train about 30,000 people in 10 years, particularly in rural areas, Abe said.

Abe said Japan will set up a tourism bureau in New Delhi to encourage people-to-people contacts. He said he wants to work with Modi in liberalizing the visa rules.

"India-Japan relations have the greatest potential in the world. Strong India is in the best interest of Japan and strong Japan is in the best interest of India," Abe said.

Noting that he had met Modi for the third time in one year, Abe praised him, saying he had a "global vision" and was a "decisive leader".

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Agencies
March 1,2020

Washington, Mar 1: Beginning April 1, Indians wishing to immigrate to America will now have to pay an additional $50,000 for the EB-5 or the US investor visa, a media report said.

Although, this additional tax would impact all visa categories, it will predominantly create a barrier for people investing in the EB-5 visa programme, the American Bazaar daily said in the report on Friday.

In 2019, the EB-5 investor visa programme, for the first time since the 1990's, increased the minimum investment amount to $900,000.

With this increase in minimum investment, the new 5 per cent additional tax would mean that applicants would have to pay the extra $50,000, when they move money to an escrow account in the US to fulfil their application criterion.

"The changes to the tax on remittances is a reminder to Indians to carefully plan their tax position before making the move to the US," the American Bazaar quoted Mark Davies, Global Chairman, Davies & Associates LLC, as saying.

"People seeking to emigrate who do not wish to pay this tax at source and rather account for it later may wish to move their money ahead of the new rules coming into effect.

"It is possible to pre-emptively move money into an escrow account in the US until such a time as they are ready to proceed with emigration process," he added.

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Agencies
July 29,2020

If everything goes as Russia’s expectation, it will be world’s first country to approve a coronavirus vaccine for widespread in the second week of August despite safety and efficacy concerns, according to a report. The adenoviral vector-based vaccine developed by Russian military and government researchers is currently in phase 2 trials.

According to a report from CNN, Russian officials are hoping to get approval for the COVID-19 vaccine developed by the Moscow-based Gamaleya Institute on Agust 10 or even before that. The officials told the outlet that the vaccine will be approved for public use with frontline healthcare workers receiving it first.

“It’s a Sputnik moment,” said Kirill Dmitriev, head of Russia’s sovereign wealth fund, which is financing Russian vaccine research, referring to the successful 1957 launch of the world’s first satellite by the Soviet Union, according to CNN.

“Americans were surprised when they heard Sputnik’s beeping. It’s the same with this vaccine. Russia will have got there first,” he was quoted as saying.

However, Russia is yet to release the scientific data on its coronavirus vaccine trials, hence, questions remain about the safety and efficacy of the vaccine, said the report. The vaccine is in the second phase of testing with developers planning to launch the phase 3 trials sometime after August 3.

Earlier, Interfax reported, citing Health Minister Mikhail Murashko, that the vaccine will be widely used in parallel with phase 3 trials. He said the country plans to vaccinate medics who are at high-risk for COVID-19 next month before clinical trials are completed.

Murashko added that individuals at higher risk of getting infected with the coronavirus such as older people or those with health conditions will also be prioritised for the vaccine, although he did not estimate or reveal when that would happen. The minister added 800 people will be recruited for the phase 3 trials.

Meanwhile, health officials were more cautious considering the fact that human testing of the vaccine is incomplete, and the state registration is expected to begin after August 3, reported The Moscow Times.

On Monday, Moderna and Pfizer announced the commencement of the final phase 3 trials of their candidate vaccines against the SARS-CoV-2 virus, which has so far claimed at least 654,477 lives and infected 16,514,500 people worldwide. 

Researchers will recruit up to 30,000 volunteers in separate trials both backed by the US government. India's first indigenous coronavirus vaccine, COVAXIN, is undergoing phase 1 human clinical trials across the country. More than 150 COVID-19 vaccines are being developed all over the world with at least six candidates already in late-stage clinical trials.

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News Network
February 9,2020

Beijing, Feb 9: After making sure everyone's face mask is on and sanitizer is to hand, the Qiao family heads out to Jingshan Park, a former royal sanctuary beside the Forbidden City in China's capital Beijing.

Snow has fallen for a second day, a rare event in the city of 21.5 million that would normally bring hundreds of thousands of people out to take photos and play. But the streets are empty and the parks are so quiet the only sound is of birds chirping.

It's not just Beijing. Shanghai, China's financial hub, and other cities in the world's most populous nation have turned into ghost towns after the government extended a holiday and asked residents not to go out because of the coronavirus.

"We know the situation of the coronavirus is severe. But the epicentre is far away, so we think it should be fine here ... It's a God-given chance to enjoy this family moment with snow and without work," said Mr Qiao, who has an 11-year-old daughter.

The epidemic has killed 722 people and infected nearly 32,000 in China as of February 8. More than three-quarters of the cases are in the central Hubei province where the virus originated - more than 1,000 km (620 miles) from Beijing.

Only a few people are brave enough to come out. A security guard at Jingshan Park said there were less than a third of the number of tourists than usual, even with the rare snowfall.

Even at one of the best spots for snapping photos of snowy Beijing just outside the Forbidden City, there's barely a crowd, while the usual tour buses and groups of people speaking different dialects are nowhere to be seen.

"Last year when it snowed, I took a few hours off work to come down here to take a picture and the crowd was several layers deep," said a man in his 30s who gave his surname as Yang. "But this year, I am not at all worried about finding a space to take a photo. The virus is keeping people indoors."

Security guards along Wangfujing street, a popular pedestrianised shopping area in downtown Beijing, said it was normally so crowded during the holiday period that it was hard to move around.

"Look at it now, there are more security guards and street cleaners than tourists!" said one of the guards.

Businesses, including shops, bars and restaurants, have been severely hit by the epidemic as the government has banned mass gatherings and even group meals in an effort to curb the spread of the coronavirus.

"You would have to wait outside for a table on a normal day," said a waitress at a restaurant with more than 50 tables. Just five were taken at the peak lunch hour.

Only a handful of the more than 100 restaurants along Beijing's famous food street, Guijie, were open, and the remaining outlets were wondering how long they can hold out.

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