New US Prez should meet Modi in 100 days: US think tank

October 13, 2016

Washington, Oct 13: With just 100 days left in Barack Obama's presidency, a top American think-tank has suggested the new US president should meet Prime Minister Narendra Modi within first 100 days to strongly signal importance of continuing close relations between the two countries.

usIn a major report on 'India-US Security Co-operation', the Center for Strategic and International Studies (CSIS) urges the upcoming administration to ensure that India signs the foundational agreements, which it believes is important for strengthening the India-US defense relationship.

The absence of such agreements will also make it nearly impossible (if not completely impossible) for the US to provide to India certain advanced sensing, computing and communications technologies that India believes are necessary for its own defense capabilities, it said.

"The next administration should work with Australia, India and Japan to establish a quadrilateral security dialogue, led by the US State Department and foreign ministries. The dialogue should focus on issues of common interest across the Pacific and Indian Ocean regions," the report said.

It said creating a specific opportunity for the US president and Indian Prime Minister to meet in the first 100 days will send a strong signal about the importance of bilateral ties.

CSIS in its report recommends that the US and India should deepen announced efforts on submarine safety and anti-submarine warfare to include combined training and exercises to expand the capability of both countries as well as their interoperability with each other.

Seeking to increase the FDI limit in defense sector to 100 per cent, the report also calls for strengthening and expanding the homeland security dialogue.

The think-tank recommends the new president should invite India to participate (as an observer or stakeholder) in the Quadrilateral Coordination Group talks with the Taliban.

It also urges for establishing a US-India dialogue on the Middle East, modeled on the "East Asia Consults" of the US State Department and India's Ministry of External Affairs.

CSIS said Modi's emergence as a strong leader, just as the US was seeking to consolidate its strategy of re-balance to the Asia Pacific, gave America an opportunity to engage with a rising leader in India, and India an opportunity to reprioritise and rethink its engagement with the world.

Obama continues a bipartisan run of three presidents who have seen India as key to US strategy in Asia, it said.

Observing that Obama has built a strong relationship with Modi, and maintained a high tempo of engagements at the highest levels, the report said the US engagement with India has increasingly focused on the security aspects and India has responded with uncharacteristic warmth to this outreach.

Comments

Rikaz
 - 
Thursday, 13 Oct 2016

Its better for India to join hands with Russia....US is a selfish country...they dont think about us but themselves....

Shaad
 - 
Thursday, 13 Oct 2016

Modi's fashion designer got another job to stitch 6 more dress per day for meet.

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News Network
June 29,2020

Karachi, Jun 29: Four heavily-armed militants attacked the busy Pakistan Stock Exchange on Monday morning, killing four security guards and a police sub-inspector before being shot dead in an exchange of fire, media reports said.

The unidentified militants opened indiscriminate fire and lobbed hand grenades at the main gate of the building as they tried to storm it, Geo News reported.

Police said that all the terrorists have been killed while five persons injured in the attack.

Four security guards and a police sub-inspector were also killed in the attack.

"An unfortunate incident took place at the Pakistan Stock Exchange. They made their way from our parking area and opened fire on everyone," said Abid Ali Habib, Director of Pakistan Stock Exchange.

The firing by militants caused panic among the people in the building.

Sindh province Governor Imran Ismail condemned the incident.

"Strongly condemn the attack on PSX aimed at tarnishing our relentless war on terror. Have instructed the IG & security agencies to ensure that the perpetrators are caught alive & their handlers are accorded exemplary punishments. We shall protect Sindh at all costs," he said on Twitter.

Police and rangers have arrived on the spot and surrounded the area.

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News Network
June 17,2020

Vienna, Jun 17: Austrian police fined a man 500 euros for loudly breaking wind after officers stopped him earlier this month to check his identity.

The police defended the massive fine saying he had deliberately emitted a "massive flatulence," lifting his backside from the bench where he was sitting.

The accused complained of what he called the disproportionate and unjustified fine when he gave his account of the June 5 events on the O24 news website.

In reply to social media commentaries that followed, the police in the Austrian capital justified their reaction on Twitter.

"Of course, nobody is put on the spot if one slips out by accident," the police said.

However, in this case, the police said, the young man had appeared "provocative and uncooperative" in general.

He then "slightly raised himself from the bench, looked at the officers and patently, in a completely deliberate way, emitted a massive flatulence in their immediate proximity."

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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