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Modi's second state visit to UAE begins

Agencies
February 10, 2018

Abu Dhabi, Feb 10: Today will mark a watershed moment for the UAE-India relations with Indian Prime Minister Narendra Modi arriving in Abu Dhabi for his second state visit.

The two countries are expected to sign as many as 14 agreements during the two-day visit starting February 10, shifting gears of the strategic partnership in a gamut of areas including space technology, skills development, finance and defence cooperation and investments.

Modi's two-day visit on February 10 and 11 will also see work starting on the construction of the first Hindu temple in Abu Dhabi, fulfilling the long-pending wish of the Hindu community in the Capital.

Modi first visited the UAE in August 2015 becoming the first Indian Prime Minister to visit the emirates in 34 years after Indira Gandhi.

Modi will arrive in Abu Dhabi today evening from Palestine. He will meet His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, and will attend a state banquet.

On Sunday morning, Modi will visit Wahat Al Karama (Martyrs' Memorial) and pay tribute to the martyred war heroes of the UAE. He will then proceed to Dubai where he will deliver a keynote address at the 6th World Government Summit, in which India is the chief guest country.

Modi will also address a 1,800-strong gathering of the Indian community at the Dubai Opera, which is expected to be a scaled down version of his public address in 2015. More than 50,000 Indians had thronged the International Cricket Stadium in Dubai to listen to their Prime Minister on his first visit.

The Opera event is significant as Modi will flag off the laying of the foundation stone of the first Hindu temple in Abu Dhabi, which will happen simultaneously and will be live-streamed into the iconic Dubai Opera auditorium.

Indian Ambassador to the UAE Navdeep Singh Suri said the latest visit by the Indian PM will mark the dawn of a new era in the India-UAE relations.

"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."

New trajectory in UAE-India ties

Since Modi's first visit, the trajectory of the India-UAE ties have hit a renewed pace with two countries forging a new era of cooperation through the signing of a comprehensive strategic partnership agreement.

During Modi's tenure, Sheikh Mohamed bin Zayed Al Nahyan visited India twice - in February 2016 and January 2017.

The two governments signed 17 bilateral agreements in January 2016, and 14 agreements in February 2017. 

The UAE targets to invest $75 billion in India's infrastructure development. UAE's investments in India is also soaring. In October last year, the Abu Dhabi Investment Authority (Adia) signed an agreement with India's National Investment and Infrastructure Fund to invest $1 billion in India. DP World has signed a Memorandum of Understanding (MoU) with India's National Infrastructure and Investment Fund (NIIF) in May 2017 to invest $1 billion in India.

The UAE is home to more than 3.5 million Indians - the biggest Indian diaspora in the world, and 1,706 flights weekly operate between the two countries.

Comments

An Indian
 - 
Saturday, 10 Feb 2018

Before commencing construction work of Hindu Temple in Abu Dhabi, the UAE government must have put condition to Modi to solve the Babri Masjid issue.

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News Network
July 23,2020

New Delhi, Jul 23: With the highest single-day spike of 45,720 cases, India's coronavirus count crossed 12 lakh mark on Thursday.

The Union Ministry of Health and Family Welfare informed that 1,129 deaths were recorded in the last 24 hours.

The total number of coronavirus cases stand at 12,38,635 including 4,26,167 active cases, 7,82,606 cured/discharged/migrated. The cumulative toll has reached 29,861 deaths.

Maharashtra has reported 3,37,607 cases, highest in the country followed by Tamil Nadu with 1,86,492 cases. Delhi coronavirus count has reached 1,26,323 cases.

According to the Indian Council of Medical Research (ICMR), 1,50,75,369 samples were tested till July 22 out of which 3,50,823 samples were tested yesterday.

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News Network
June 17,2020

New Delhi, Jun 17: With an increase of 10,974 new cases and 2,003 deaths in the last 24 hours, India's COVID-19 count reached 3,54,065 on Wednesday while the toll due to the virus stands at 11,903.

This includes 1,55,227 active cases and 1,86,935 cured, discharged and migrated patients, according to the Union Health Ministry.

While the spike in the number of cases has stayed below the 11-thousand mark, the death toll has increased manifold today as compared to the 380 death reported on Tuesday.

Maharashtra with 1,13,445 cases continues to be the worst-affected state in the country with 50,057 active cases while 57,851 patients have been cured and discharged in the state so far. The toll due to COVID-19 has crossed the five thousand mark and reached 5,537 in the state.

It is followed by Tamil Nadu with 48,019 and the national capital with 44,688 confirmed cases.

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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