Modi to get rockstar reception in New York; US lobby questions his reform credentials

September 26, 2014

New York, Sep 26: It is a rock 'n' roller's dream to "sell out The Garden," but for a foreign politician to pack New York City's most famous sports and entertainment arena is another thing entirely.Modi us visit

Prime Minister Narendra Modi, on his first trip to New York as leader of the world's most populous democracy, will draw perhaps the largest crowd ever by a foreign leader on US soil when he takes the stage on Sunday in Madison Square Garden before a crowd forecast to total more than 18,000 people.

Thousands more are expected to pack New York's Times Square to watch his address in Hindi on big screens as well as smaller viewing parties around the country and on TV in India.

The Indian diaspora hopes this visit by a leader who was until recently barred from the United States will signify India's importance not only on these shores but in the wider world too.

The event is being emceed by prominent members of the Indian American community, Nina Davuluri, who has just relinquished her crown as Miss America 2014, and TV journalist Hari Sreenivasan.

"Indian citizens and diaspora over the world are hopeful that this (Modi) administration will cut bureaucracy and focus on people," said Dr Dinesh Patel, chief of arthroscopic surgery at Massachusetts General Hospital in Boston, who arrived in the United States more than 50 years ago.

Patel, who says he was given an award for work in education by Modi, a fellow Gujarati, added: "People are passionate to see the new leader. Another Narendra is coming to this country to let the USA know what India is about."

The first Narendra was Swami Vivekananda, a 19th-century philosopher and monk who propagated the Hindu faith in the United States. Modi often cites a speech by Vivekananda, born Narendra Nath Datta, to the Parliament of Religions in Chicago in 1893, as a source of inspiration.

"Let us remember the words of Swami Vivekananda and dedicate ourselves to furthering the cause of unity, brotherhood and world peace," Modi wrote on September 11 to his 6.5 million followers on Twitter.

India's economy, the third largest in Asia, has struggled to recover from sub-par growth, shackled by layers of bureaucracy anathema to the diaspora. Modi's general election triumph in May was driven in large part by his entrepreneurial mantra.

On the eve of his US visit, tensions remain between the Washington and New Delhi over trade and spying.

The 64-year-old former chief minister of Gujarat was denied a US visa in 2005 over sectarian rioting that killed more than 1,000 people, mainly Muslims, three years before. Modi, who denies wrongdoing, has been exonerated by a Supreme Court probe.

Washington was late to warm to Modi. Its ambassador to India only met him in February, when opinion polls already put his nationalists on course for a big election win.

Diligent diaspora

India's US diaspora is a highly educated population of nearly 3.2 million, making up about 1 percent of the US population, according to latest US Census Bureau data.

As a group, they are more likely to be hooked to the internet than their fellow Americans, far more likely to have a college or professional degree and twice as well off with an average household income of more than $100,000.

"Indians are generally very ambitious and entrepreneurs," said Mike Narula, the founder, president and chief executive officer of Long Island, New York-based Reliance Communications, a distributor of mobile telecom devices and accessories.

Narula, who came to the United States 17 years ago, first working in the garment industry, now has his own company with more than, 200 employees. He's part of the host committee for Modi's visit to Washington, where the prime minister will meet with President Barack Obama on Monday and Tuesday.

"We attempted to do business in India. I hope Modi will look into streamlining issues such as VAT, the role of FDI (foreign direct investment) and find a way for American businesses to not have to go through 19 red tape bureaucracies," he said.

While Indian Americans are well represented in America's professional class, they are less visible in the military. Some 0.1 percent serve in the armed forces compared to 0.4 percent of Americans as a whole.

"The diaspora does very well on entrepreneurship, but not as much on the physical sacrifices. It is not just enough to be a citizen and taxpayer," said Raj Bhandari, a 48 year old Mumbai-born banker from New Jersey. "As a larger community I would like it to be more engaged on the front lines."

US business questions Modi's reform credentials ahead of visit

The US business lobby on Thursday questioned the reformist credentials of Modi, on the eve of his visit to the United States in which he will encourage investment and declare India open for business.

The US Chamber of Commerce and 15 other US business associations representing sectors ranging from agriculture to movie making, pharmaceuticals and telecoms, called on President Barack Obama to press Modi to remove barriers to fair trade when the two leaders meet in Washington on Monday and Tuesday.

"Since taking office, Prime Minister Modi has declared India 'open for business' and promised to incentivize investment and 'give the world a favorable opportunity to trade with and produce in India,'" the Alliance for Fair Trade with India said in a letter to Obama.

"Thus far, however, the new Indian government has produced troubling policies of its own," the group said, adding: "These actions send perplexing and contradictory new signals about India's role in the global marketplace."

The letter highlighted India's blockage of a key World Trade Organization agreement reached in Bali last year, which overshadowed a July 30-August 1 visit to India by US Secretary of State John Kerry.

The business alliance also complained about India's raised tariffs and "burdensome" new testing requirements on imported information and communication technology products.

US officials say the United States will press Modi to end the WTO blockage during his visit, something that could dampen the mood of a trip aimed at revitalizing a strategic relationship Washington sees as a key counterbalance in Asia to an increasingly assertive China.

Also on Thursday, US Congressional leaders dealing with trade and finance wrote to the US International Trade Commission calling for a second investigation into India's "unfair" trade practices, detailing any changes under Modi. They called for the ITC to deliver a report to Congress on September 24, 2015, a statement said.

A report requested in August last year is due to be delivered to Congress on December 15 this year.

Stephen Ezell, senior trade policy analyst at the Washington based Information Technology & Innovation Foundation, told a teleconference that Modi had taken some positive steps, including an easing of some restrictions on investment in the defense, insurance and railway sectors.

"However ... we've also seen the continuation of existing — and even the promulgation of some new — trade-distorting policies that do give us some pause," he said.

Chris Moore, of the National Association of Manufacturers, said Modi and his administration were "saying positive things."

"But their actions tell a different story."

Patrick Kilbride, of the US Chamber of Commerce, welcomed the Indian government's plans to review the environment for intellectual property rights, but said it remained "very poor."

The chamber would take the pledges at face value, he said, but added: "Recent history has given us many reasons to be wary."

Modi is due to arrive in the United States on Friday for his first visit as prime minister and has meetings scheduled with 17 US corporate chiefs including those of Google, IBM, GE, Goldman Sachs and Boeing.

Analysts say maintaining a positive mood will be important during the visit.

There was no immediate comment from the Indian embassy in Washington on the letter from the US business lobby.

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Agecnies
July 13,2020

Moscow, Jul 13: Russia has become the first nation to complete clinical trials of a COVID-19 vaccine on humans. Chief researcher Elena Smolyarchuk, who heads the Center for Clinical Research on Medications at Sechenov University, told Russian news agency TASS on Sunday that the human trials for the vaccine have been completed at the university and the volunteers will be discharged soon.

"The research has been completed and it proved that the vaccine is safe. The volunteers will be discharged on July 15 and July 20," Smolyarchuk was quoted as saying in the report.

Though the results have been favourable with respect to the medication’s effectiveness, no further information was provided on when this vaccine would enter commercial production stage.

Russia had allowed clinical trials of two forms of a potential COVID-19 vaccine developed by the Gamaleya National Research Center for Epidemiology and Microbiology on June 18.

The first vaccine, in the form of a solution for intramuscular administration, was carried out at the Burdenko Military Hospital.

Another vaccine, in the form of a powder for the preparation of a solution for intramuscular administration, was carried out at Sechenov First Moscow State Medical University.

The first stage of research on the vaccine at Sechenov University involved a group of 18 volunteers and the second group involved 20 volunteers.

After vaccination, all volunteers were expected to remain in isolation in a hospital for 28 days.

Earlier, results of the COVID-19 vaccine tests performed on a group of volunteers in Russia showed that they were developing immunity to the coronavirus.

"The data obtained by the Gamalei National Research Center for Epidemiology and Microbiology, proves that volunteers of the first and second groups are forming an immune response after injections of the vaccine against the coronavirus," according to an earlier statement from the Russian Defense Ministry.

Russia has reported 719,449 cases and 11,188 deaths to date.

There are at least 21 vaccines currently under key trials, according to the World Health Organisation (WHO).

The overall number of global COVID-19 cases crossed 12.9 million, while the deaths have increased to more than 5,69,000, according to Johns Hopkins University in the US.

As of Monday morning, the total number of cases stood at 1,29,10,357, while the fatalities rose to 5,69,128.

The US accounted for the world's highest number of infections at over 33 lakh. Brazil came in the second place with over 18 lakh infections. India is third worst affected with over 8.7 lakh people reported to have COVID-19.

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Agencies
August 5,2020

Ninety per cent of a sample group of coronavirus-recovered patients from a prominent hospital in China's Wuhan city where the pandemic broke out have reported lung damage and five per cent of them are again in quarantine after testing positive for the virus, according to a media report on Wednesday.

A team at the Zhongnan Hospital of Wuhan University led by Peng Zhiyong, director of the hospital's Intensive Care Unit, has been conducting follow-up visits with '100 recovered patients' since April.

The first phase of this one-year programme finished in July. The average age of the patients in the study is 59.

According to the first phase results, 90 per cent of the patients' lungs are still in a damaged state, which means their lungs ventilation and gas exchange functions have not recovered to the level of healthy people, state-run Global Times reported.

Peng's team conducted a six-minute walking test with the patients. They found that the recovered patients could only walk 400 metres in six minutes while their healthy peers could walk 500 metres in the same period.

Some recovered patients have to rely on oxygen machines even three months after being discharged from the hospital, Liang Tengxiao, a doctor from the Dongzhimen Hospital, Beijing University of Chinese Medicine, was quoted as saying by the report.

Liang's team is also conducting follow-up visits with recovered patients aged above 65.

The results also showed that antibodies against the novel coronavirus in 10 per cent of the 100 patients have disappeared.

Five per cent of them received negative results in Covid-19 nucleic acid tests but positive results in Immunoglobulin M (IgM) tests, and thus have to be quarantined again, the report said.

IgM is usually the first antibody produced by the immune system when a virus attacks. A positive result in an IgM test usually means that a person has just been infected by the virus.

It is still unclear if this means these people have been infected again.

The 100 patients' immune systems have not fully recovered as they showed a low level of B cells -- - a primary force for killing viruses in the human body -- but a high level of T cells which only recognise viral antigens outside infected cells.

"The results revealed that the patients’ immune systems are still recovering," Peng said.

The patients also suffered from depression and a sense of stigma. Most of the recovered patients told the team that their families were not willing to have dinner with them at the same table, the report said.

Less than half of the recovered patients have returned to work, it said.

The findings are significant as the coronavirus first emerged in Wuhan city.

Hubei province for which Wuhan is the provincial capital has reported a total of 68,138 confirmed Covid-19 cases till now. The disease has claimed 4,512 lives in the province, according to the official data.

China reported 27 new confirmed Covid-19 cases on Tuesday, including 22 locally-transmitted cases, the National Health Commission (NHC) said on Wednesday.

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News Network
April 13,2020

Manila, Apr 13: The Asian Development Bank (ADB) on Monday tripled the size of its response to novel coronavirus disease (COVID-19) pandemic to 20 billion dollars and approved measures to streamline its operations for quicker and more flexible delivery of assistance.

The package expands ADB's 6.5 billion dollars initial response announced on March 18, adding 13.5 billion dollars in resources to help ADB's developing member countries counter the severe macroeconomic and health impacts caused by COVID-19.

The 20 billion dollar package includes about 2.5 billion dollars in concessional and grant resources.

"This pandemic threatens to severely set back economic, social, and development gains in Asia and the Pacific, reverse progress on poverty reduction and throw economies into recession," said ADB President Masatsugu Asakawa.

"Our expanded and comprehensive package of assistance, made possible with the strong support of our board, will be delivered more quickly, flexibly and forcefully to the governments and the private sector in our developing member countries to help them address the urgent challenges in tackling the pandemic and economic downturn," he said in a statement.

ADB's most recent assessment released on April 3 estimates the global impact of the pandemic at between 2.3 and 4.8 per cent of gross domestic product. Regional growth is forecast to decline from 5.2 per cent last year to 2.2 per cent in 2020.

The new package includes the establishment of a COVID-19 pandemic response option under ADB's countercyclical support facility.

Up to 13 billion dollars will be provided through this new option to help governments of developing member countries implement effective countercyclical expenditure programs to mitigate impacts of the COVID-19 pandemic, with a particular focus on the poor and the vulnerable.

Grant resources will continue to be deployed quickly for providing medical and personal protective equipment and supplies from expanded procurement sources.

Some 2 billion dollars from the 20 billion dollar package will be made available for the private sector. Loans and guarantees will be provided to financial institutions to rejuvenate trade and supply chains.

Enhanced microfinance loan and guarantee support and a facility to help liquidity-starved small and medium-sized enterprises, including those run by female entrepreneurs, will be implemented alongside direct financing of companies responding to or impacted by COVID-19.

The response package includes a number of adjustments to policies and business processes that will allow ADB to respond more rapidly and flexibly to the crisis. These include measures to streamline internal business processes, widen the eligibility and scope of various support facilities and make the terms and conditions of lending more tailored.

All support under the expanded package will be provided in close collaboration with international organisations, including the International Monetary Fund, World Bank Group, World Health Organisation, UNICEF, other UN agencies and the broader global community.

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