Hillary, Mamata likely to discuss FDI, Teesta treaty

May 6, 2012

hilry


Kolkata, May 6: As US Secretary of State Hillary Clinton meets West Bengal's first woman Chief Minister Mamata Banerjee Monday, discussions on foreign direct investment (FDI) in retail and India-Bangladesh ties are expected to be high on the agenda.

Clinton arrives for her second ever visit to Kolkata Sunday. She will meet Banerjee at the state secretariat the next day, with the illustrious Time Magazine listing them as two of the most influential people in the world.

Speculation is rife that Hillary - who is to meet Banerjee just a day after her meeting with Bangladeshi Prime Minister Sheikh Hasina - would raise the issue of the Teesta Water Treaty between India and Bangladesh, which was sent into cold storage due to Banerjee's opposition last year.

According to senior officials of the US administration, discussions over India-Bangladesh ties and trade ought to come up in the discussions as West Bengal will be the main beneficiary of strong India-Bangladesh ties.

The Teesta treaty was proposed to be signed during Prime Minister Manmohan Singh's trip to Dhaka last year. But the signing was scrapped following Banerjee's last minute opposition to the quantum of water to be shared with Bangladesh.

The issue of FDI in multibrand retail and other economic reforms are likely to come up at meeting. Discussions over US investment in West Bengal would also be on the discussion table.

"The visit may lead to increase in potential American investment in the state. This would be a good opportunity to discuss potential investment in fields like IT or biotech where land requirement is comparatively less," said political analyst Sabyasachi Roychowdhury.

This will be Clinton's second visit to the city after her presence at Mother Teresa's funeral in 1997.

Security has been beefed up in the city including the state secretariat and the governor's house.

Two Federal Bureau of Investigation (FBI) teams have visited both venues.

With a brush of new paint and colourful electrical lighting, the state secretariat is gearing up to welcome Clinton.

Street lamps in and around the Writers' Buildings and governor's house have been fitted with new bulbs.

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News Network
May 29,2020

New Delhi, May 29: With the highest spike of 7,466 more COVID-19 cases and 175 deaths reported in the past 24 hours, India's COVID-19 tally reached 1,65,799 on Friday, according to the Union Ministry of Health and Family Welfare.

The number of active coronavirus cases stands at 89,987 while 71,105 people have been cured or recovered and one patient has migrated, it said. The death toll due to the infection has reached 4,706 in the country.

Maharashtra is the worst affected state with 59,546 cases. Tamil Nadu has recorded as many as 19,372 cases while Gujarat and Delhi have recorded 15,562 and 16,281 coronavirus cases respectively.

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News Network
March 19,2020

Mar 19: Amidst spiralling cases of COVID-19 in the country, Union Minister of State for Health and Family Welfare Ashwini Kumar Choubey on Thursday advocated "absorbing sunlight" as a possible precaution against coronavirus that has claimed over 8,000 lives globally.

Speaking to reporters outside parliament, Choubey said 10-15 minutes in the sun would build immunity as sunlight provides Vitamin D.

"From 11 am to 2 pm the sun is shining brightly. We should spend at least 10-15 minutes to absorb sunlight so that we get vitamin D which improves the immunity of our body and also kills such viruses. All should be aware of (this fact)," he said when asked about the spread of coronavirus.

COVID-19 cases in India climbed to 169 on Thursday after 18 fresh cases were reported from various parts of the country, according to the Union health ministry.

The cases include 25 foreign nationals -- 17 from Italy, 3 from the Philippines, two from the UK, one each belonging to Canada, Indonesia and Singapore.

The figure also includes three deaths reported from Delhi, Karnataka and Maharashtra so far.

According to the World Health Organisation, the novel coronavirus has killed over 8,000 people globally and infected more than two lakh.

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Agencies
June 29,2020

New Delhi, Jun 29: Fuel prices rose on Monday again after a days pause with oil marketing companies increasing the pump price of petrol by 5 paisa and diesel by 13 paisa per litre in Delhi.

In the national capital, petrol price on Monday stood at Rs 80.43 per litre while that of diesel at Rs 80.53 a litre.

With this increase, fuel prices have moved up on 22 of the last 23 days (with no rise on Sunday). Petrol prices, however, were unchanged for an additional day in between after the daily revision based on dynamic pricing was reinstated by OMCs.

Since the daily price revision resumed on June 7, petrol price has increased Rs 9.17 and diesel rose by Rs 11.14 in the national capital. In the other cities the magnitude of increase was similar.

During the past 23 days, the quantum of price hike gradually declined from around 60 paise raise for a few days, immediately post the resumption of daily price revision, to less than 20 paise during the past few days and now even less than 10 paisa per litre.

In a historic development, the price of diesel surged above that of petrol in the national capital during this period. It continues to remain higher even though on Saturday the quantum of petrol price hike was higher than that of diesel.

Officials in oil marketing companies said that it is hard to predict which of the two fuels will be priced higher in the Capital as the gap between the two is almost negligible. But petrol prices have shown more volatility in international markets that may take it ahead once again in coming days.

Apart from Delhi, the retail prices of petrol and diesel have followed the traditional path in other metros with petrol being priced at a premium of between Rs 5 and 8 per litre. The difference between the auto fuel prices in Delhi and other metros is because of the taxation structure.

While both petrol and diesel are at similar levels of taxes (state and centre) in Delhi, it is higher for petrol in many other Indian cities.

Globally diesel is priced a tad higher than petrol. In India too, the base price of diesel is slightly higher than petrol but taxation at central and state levels changed the complexion of retail prices.

If the price of petroleum products and crude hold their positions in global markets, then petrol and diesel prices rise may stop for a longer period and we may even see marginal fall in prices.

Fuel prices have been increasing since June 7 when oil companies began the daily price revision mechanism after a hiatus of 82 days during the lockdown.

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