Kejriwal to meet PM Modi today, invite him for swearing-in ceremony

February 12, 2015

New Delhi, Feb 12: Aam Aadmi Party (AAP) convenor and Delhi chief minister-designate Arvind Kejriwal will meet Prime Minister Narendra Modi on Thursday and invite him for his swearing-in ceremony at the Ramlila Maidan on Valentine’s Day.

kejri seawring AAP leaders said Kejriwal had sought a meeting with Modi after the party won a historic mandate in the Delhi assembly elections.

"We had sought time from the Prime Minister, Kejriwal will be meeting him... at 10.30am. He will also extend an invitation to him for the oath ceremony on February 14 (Saturday)," a party source said.

Kejriwal's meeting with the PM comes a day after he met Union home minister Rajnath Singh and urban affairs minister Venkaiah Naidu, and sought full statehood for Delhi.

Speaking to home minister Singh, Kejriwal also underlined the need for "constructive cooperation" between the central and the Delhi governments and noted that political differences should not come in the way of taking the city forward.

Kejriwal may also raise the statehood issue in his meeting with Modi and invite key other members of his team to the oath-taking ceremony on Saturday when the former social activist will be sworn in as chief minister, exactly a year after he resigned from the post. The AAP chief had quit on February 14, 2014, after a controversial and brief stint.

Kejriwal is also planning to invite his one-time colleague and former IPS officer Kiran Bedi, who was the BJP's CM candidate in the Delhi polls. Bedi too had congratulated Kejriwal asking him to make Delhi a world-class city.

The AAP won 67 seats in the 70-member Delhi House on Tuesday, while the Bharatiya Janata Party (BJP) managed a distant second place with merely three seats. The Congress, reeling from a string of defeats since it was routed in the Lok Sabha polls, did not even open its account.

In the run-up to the Delhi polls, the battle for the city-state saw a fierce war of words between the PM, who added thunder to the BJP's campaign, and Kejriwal, who lost to Modi in Varanasi in the April-May general elections.

But, Modi congratulated Kejriwal after the AAP's poll triumph and promised him Centre's co-operation in the development of Delhi.

While Kejriwal would like Modi to attend his swearing-in ceremony, it is to seen whether he will be present, as the PM already has a date with Nationalist Congress Party chief Sharad Pawar.

According to the PM's scheduled programme, Modi will share stage with Pawar in the latter's stronghold of Baramati on Saturday while inaugurating the new Krishi Vigyan Kendra building, a project approved by the NCP chief when he was the Union agriculture minister in the UPA government.

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Coronavirus: India temporarily suspends e-visa facility for people in China

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February 2,2020

Beijing, Feb 2: India on Sunday temporarily suspended e-visa facility for Chinese travellers and foreigners residing in China in view of the virulent coronavirus that has killed more than 300 people, infected 14,562 others and spread to 25 countries, including India, the US and the UK.

“Due to certain current developments, travel to India on e-visas stands temporarily suspended with immediate effect," the Indian Embassy announced.

“This applies to holders of Chinese passports and applicants of other nationalities residing in the People's Republic of China. Holders of already issued e-visas may note that these are no longer valid," the announcement said.

“All those who have a compelling reason to visit India may contact the Embassy of India in Beijing or the Indian consulates in Shanghai or Guangzhou, as well as the Indian Visa Application Centres in these cities," it said.

On Sunday, India airlifted a second batch of 323 stranded Indians and seven Maldivian citizens from coronavirus-hit Wuhan city, taking the total number of people evacuated to 654.

Air India's jumbo B747 made two flights to Wuhan city - the ground zero of the coronavirus epidemic. In the first flight on early Saturday, 324 Indians were evacuated and on Sunday another 323 Indians and seven Maldivian citizens were flown back.

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It's not surprising for countries to restrict. it just feels wrong to treat them that way specially those who are not really infected. It could really hurt their feelings.

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India becomes 5th largest economy, overtakes UK, France: Report

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February 18,2020

New Delhi, Feb 18: India emerged as the world's fifth-largest economy by overtaking the UK and France in 2019, says a report.

A US-based think tank World Population Review in its report said that India is developing into an open-market economy from its previous autarkic policies.

"India's economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot," it said.

The size of the UK economy is $2.83 trillion and that of France is $2.71 trillion.

The report further said that in purchasing power parity (PPP) terms, India's GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Due to India's high population, India's GDP per capita is $2,170 (for comparison, the US is $62,794).

India's real GDP growth, however, it said is expected to weaken for the third straight year from 7.5 per cent to 5 per cent.

The report observed that India's economic liberalisation began in the early 1990s and included industrial deregulation, reduced control on foreign trade and investment, and privatisation of state-owned enterprises.

"These measures have helped India accelerate economic growth," it said.

India's service sector is the fast-growing sector in the world accounting for 60 per cent of the economy and 28 per of employment, the report said, adding that manufacturing and agriculture are two other significant sectors of the economy.

The US-based World Population Review is an independent organisation without any political affiliations.

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Sitharaman to move Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 in Lok Sabha

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March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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