Modi to visit Ramallah on February 10, will be first ever Indian PM in Palestine

Agencies
February 5, 2018

New Delhi, Feb 5: Prime Minister Narendra Modi will be on a historic visit to Palestine starting Saturday. During his visit, he will hold a meeting with the Palestinian President Mahmoud Abbas.

Apart from visiting Oman and the United Arab Emirates (UAE), the prime minister will also go to the Palestinian capital, Ramallah.

In July 2017, he was on a three-day visit to Israel on a special invitation from his Israeli counterpart Benjamin Netanyahu, however, he did not visit Palestine then.

Modi will be in the UAE on February 10 and 11 and will address the sixth World Government Summit in Dubai. This will be Modi's second visit to the UAE after August 2015.

According to authorities and business leaders, this visit of the Prime Minister signifies the special importance that India attaches to its ties with the oil-rich nation and will help in furthering cooperation in diplomatic, economic and security issues.

"Prime Minister Narendra Modi?s second visit to UAE is an indication of the special importance we attach to the India- UAE relationship," India's Ambassador to the UAE Navdeep Singh Suri said.

According to him, the visit builds in the momentum that has developed since India hosted Crown Prince of Abu Dhabi Sheikh Mohammed bin Zayed as chief guest on Republic Day in 2017.

Besides bilateral engagements, Prime Minister Modi is scheduled to address members of the Indian community at the Dubai Opera House.

"During the year, we have seen major UAE investments into India, a significant increase in defence and security cooperation, a transformation in our energy ties from a buyer-seller relationship to a strategic partnership.

"For the community, the first Hindu temple in Abu Dhabi will be great news," Suri said.

Echoing Suri's sentiments, the UAE ambassador to India Ahmed Al-Banna said the visit "tells us the direction that India and the UAE have in mind and also the characteristics of our respective leaderships."

"The leadership has put us on a challenging and interesting track where the relationship is very important, on many sectors, and our leaders are pushing to rewrite future plans for both nations," Al-Banna said.

While Ambassador Suri highlighted the trade and investment component of this rapidly-evolving relationship, Ambassador Al-Banna chose to emphasise on the connectivity aspect of it.

"There are 1,076 flights a week between India and the UAE, which is the largest operation of its kind. More than 50 per cent of Indians, who travel outside India to different destinations, such as Europe or America, use Dubai and Abu Dhabi as their transit hub," he said.

It is obvious that both sides are banking on prime minister's visit to go over and above the 17 bilateral agreements signed in January 2016, and 14 agreements in February 2017.

With an eye on India, some leading Gulf businesses with Indians at the helm see this as realisation of long-held dreams.

Yusuffali MA, chairman Lulu Group International and member of Abu Dhabi Chamber of Commerce, said India had been on an aggressive forward march with regard to attracting FDIs.

"The recent report by leading rating agencies and financial institutions have all lauded India?s fiscal policies and ease of doing business, so obviously India does look like a hot destination for investment.

As far Indo-UAE business relationship is concerned, it is at all time high with both countries being each other's top trading partner," Yusuffali said.

According to him, till recently India was seen as an investment destination only, but of late UAE has been trying to woo Indian businesses to invest and set up operations here.

"This move shows the kind of confidence UAE has on Indian economy and I am sure business houses in both countries will be eagerly looking forward to this visit to open up new areas of co-operation," Yusuffali said.

Manoj Prasad, Executive Chairman, of DIFC-based investment banking firm, Que Capital Limited, believes this visit truly signifies the seriousness among top Indian leadership toward making an ever growing relationship between two countries more meaningful.

"The ambition is obviously growth to which both countries have already started contributing, be it through India investing in infrastructure or the bilateral investment fund which is in the process of being setup," says Prasad.

According to him, businesses among the two countries have witnessed unprecedented growth in recent years.

"The comfort and mutual respect for leaders of both the countries are clearly visible and the visit of Prime Minister Modi to the land with highest NRI diaspora in the world would further enhance it," he said.

A wide spectrum of companies stands to gain from improving bilateral relations facilitating business climate on both sides, he said.

Kulwant Singh, the founder and managing director of Lama Hospitality group, feels the visit signifies that we are serious about our relationship and take our commitments, business associations, joint opportunities, and strategic tie-ups seriously.

"We see the formula of successful businesses matching with the perfect platform of opportunities available in India. With the new budget in place, NRIs will have huge opportunities in sectors like healthcare, education, and infrastructure," Singh said.

Prasanth Manghat, CEO and Executive Director, NMC Health Plc, says the visit will not only develop his outreach to the Arab world but also offer a prospect to further the strategic partnerships in the region.

According to him, the visit is seen by many as cementing the close relationship Modi shares with the UAE leadership, also furthering cooperation in diplomatic, economic and security issues.

"At the ground level of delivery, the strategic partnership is being expanded and the UAE has announced plans to invest USD 75 billion over a decade to meet India?s infrastructure needs," he said.

Indian expatriates in the UAE actively participate in projects toward the development of the UAE and this visit will help further evolve the deep and historic relationship shared between the two countries, said Mehirr Nath Choppra, CEO Qasbah Group.

"It would certainly help to get an overview of the projects that have been announced in the past and their current status so serious players can set their timelines accordingly," Choppra said.

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Agencies
February 12,2020

New Delhi, Feb 12: Delhi Chief Minister-designate Arvind Kejriwal was on Wednesday elected as the leader of AAP legislative party, a day after he led the party to an emphatic victory in the Delhi Assembly elections.

Kejriwal was elected as the AAP legislative party leader during a meeting called by him with the newly-elected party MLAs. The meeting was held at the AAP chief's residence.

Atishi, AAP's winning candidate from Kalkaji constituency said after the meeting, "It is definitely a validation of the work that has been done by AAP in the last five years, be it education, health care, water or electricity."

Kejriwal is slated to take oath as the Delhi Chief Minister for the third time at Ramlila Maidan on February 16.

AAP galloped to a landslide victory by winning 62 of the 70 seats in the Delhi Assembly elections in the face of a high-voltage campaign by the BJP, which fielded a battery of Union Ministers and Chief Ministers in its electioneering, spearheaded by Home Minister Amit Shah.

The BJP marginally improved its tally, managing just eight seats from its 2015's tally of three seats. The Congress, which drew a blank in the previous elections, failed to open its account yet again.

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News Network
April 26,2020

New Delhi, Apr 26: The total count of coronavirus cases in the country surged to 26,917 on Sunday.

The total COVID-19 cases in the country are inclusive of 5,913 cured and discharged patients, one migrated, and 826 deaths. At present, there are 20,177 active COVID-19 cases in the country.

The Federation of Resident Doctors' Association (FORDA) wrote to the Union Health Minister, Dr Harsh Vardhan, seeking assistance regarding accommodation facilities for resident doctors advised for home quarantine.

In a letter to the Health Minister, the association stated that recently there have been reports of resident doctors from various hospitals who tested positive for COVID-19. As a consequence, their primary contacts who are mostly their colleagues and resident doctors, have been advised to be on home quarantine, the association added.

On the other hand, Maharashtra continues to have the largest number of COVID-19 positive cases at 7,628 . 1,076 persons have been cured in the state while 323 persons have died.

Fresh cases have been reported several states including West Bengal, Maharashtra, Rajasthan and Uttar Pradesh.

The total number of cases in Indore has risen to 1,176, including 57 deaths.

While 133 deaths have been reported from Gujarat where the total number of cases spiked up to 3,071.

Kerala has seen a recovery rate of around 74 per cent as 338 out of the total 457 COVID-19 positive patients recovered in the state with only 4 fatalities.

Delhi has seen 2,625 COVID-19 positive cases and 54 deaths due to the pandemic.

Here's a quick read on the COVID-19 related updates:

1. A five-member Central team visited Telangana Director General of Police (DGP) office here on Sunday, to review the law and order situation in the state and oversee how the state police are ensuring the implementation of the lockdown.

2. Post Graduate Institute of Medical Education and Research (PGIMER) Chandigarh and AIIMS Delhi and Bhopal will study the effectiveness of Mycobacterium w in critical COVID-19 patients.

3. Chandigarh-based Post- Graduate Institute of Medical Education and Research (PGIMER) said that it has assessed the safety of mycobacterial w (Mw), an immunomodulator for leprosy, in four hospitalised patients of COVID-19, and has found no short-term adverse effect.

4. As many as 2,189 cases were lodged and 10,062 people have been arrested so far, for the breach of lockdown norms in Uttarakhand.

5. The Delhi High Court has directed that COVID-19 related tests should be made available to the general public at the lowest cost possible as the country is going through an unprecedented medical crisis affecting public order.

6. Bihar government has ordered two automatic RNA extraction machines, said the Principal Secretary of Health, Sanjay Kumar today.

7. Medical services at Babu Jagjivan Ram Hospital in the Jahangirpuri area have been closed and the hospital is being sanitised after 44 staff members including doctors were tested positive for COVID-19, Delhi Health Department said.

8. In order to support the frontline workers in the fight against COVID-19, Samsung and Google will be offering free phone repairs to health care workers and first responders.

9. Bhopal Division of Indian Railways has converted 74 railways coaches into isolation wards, said Sunil Dhingra, Senior Section Engineer of Bhopal Division.

10. Indian High Commission here on Sunday said two Air India and one Blue Dart flights will send about 78 tonnes of cargo to India as part of the 1 million PPE kits being sourced from Singapore-based company.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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