Manmohan Singh explains to Hillary Clinton India’s need to engage Iran for its energy security

May 8, 2012

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New DelhI/Kolkata, May 8: India wants Iran to fulfill international obligations with regard to its nuclear programme, but New Delhi cannot lose sight of its energy security needs, Prime Minister Manmohan Singh told US secretary of state Hillary Clinton during a wide-ranging discussion here on Monday.

Iran was an important aspect of Hillary's meeting with Singh on Monday evening as she made it clear that US expects India to "do more" and be part of the international effort to curb Iran's reported bid to acquire nuclear weapons by defying inspection regimes.

The PM is understood to have said that India shared concerns over proliferation but needed to work out its responses at a time when fuel prices are high and the global economic situation worrisome. In comments ahead of the meeting, Hillary said India's has more options on energy than it had earlier.

The meeting, according to official sources, did not hit a bump on Iran despite both leaders outlining their views and Singh dwelling on the need to engage Tehran. The discussion lasted around 80 minutes, about half an hour more than what was scheduled, as the leaders went over Pakistan, Afghanistan, China, trade, security and the Indo-US civil nuclear agreement.

While both sides committed to strengthen their strategic partnership, tangible outcomes may take a while to be fully evident with the relationship seen to be in need of fresh momentum despite substantial convergence of interests.

US is keen on India moving on some reforms like liberalizing FDI in retail, a detail expected to have figured during Hillary's meeting with West Bengal chief minister Mamata Banerjee in Kolkata earlier in the day where she spoke of making the state a partner in US investment.

The meeting with Banerjee was significant as the US looks at West Bengal with new eyes after the state was "off bounds" during Left rule. The attempt to size up the new dispensation saw Banerjee also using the occasion to claim that Bengal was now investor-friendly.

After Hillary's meeting with Singh, sources said "The full gamut of bilateral relations came up for discussion." On Iran, the PM is also believed to have laid out India's reasons to continue to engage the state. Hillary had already indicated earlier in the day that she would press India to further reduce oil imports from Iran, although she acknowledged reduction in some imports. She stressed Iran's nuclear ambitions would have an adverse effect on the region.

On the security front, Afghanistan, China and Pakistan figured prominently in the talks. But the PM used the opportunity to tell the top US official American investment in infrastructure while the leaders also had an elaborate discussion on the state of the global economy.

Earlier in Kolkata, contentious issues, including the Teesta water-sharing agreement with Bangladesh, were kept under wraps. "There were certain strategic issues that came up in course of discussion, but I cannot reveal them because of political compulsion," Banerjee said after Hillary left for Delhi.

"They (the US) spoke of making Bengal a partner state for investment here," the Bengal CM said. "For a long time, there was hardly US investment in Bengal due to political reasons. But, now the situation has changed and is congenial for investment," she added.

Banerjee welcomed private investment in sectors such as information technology, education, healthcare and deep sea ports. At an interactive session at La Martinere for Girls' before her meeting with Banerjee, Hillary was clear about what she wanted to discuss. "I intend talking about investment ... and the Teesta water agreement with chief minister Mamata Banerjee. But I would be primarily interested in her vision for Bengal and the east. I would like to know what she wants to achieve. I have come here with a belief that India can compete. But you understand that there are political compulsions. So, a few things might have to wait," Hillary added.

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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News Network
January 1,2020

Pune, Jan 1: Maharashtra Deputy Chief Minister Ajit Pawar and Vanchit Bahujan Aghadi president Prakash Ambedkar paid tributes at the 'Jay Stambh' near here on Wednesday on the 202nd anniversary of Koregaon Bhima battle.

Lakhs of people congregate every year at the 'Jay Stambh' (victory pillar) near Koregaon Bhima village to offer tributes on the anniversary of the battle, which was fought on January 1, 1818 between the British East India Company and the Peshwa faction of the Maratha Confederacy.

Violence broke out during the bicentenary celebrations of the Koregaon Bhima battle on January 1, 2018 in which one person was killed and several others were injured.

Police have made elaborate security arrangements to ensure no untoward incident takes place during the congregation at the victory pillar, an official said.

Talking to reporters after visiting the victory pillar, Pawar said he came to offer tributes on behalf of the people of Maharashtra.

"This pillar has history and every year lakhs of people come here. Some untoward incidents took place two years ago, but the government is taking utmost care and elaborate police bandobast has been made here to ensure that no untoward incident takes place," he said.

Pawar also urged people to visit the war memorial in a peaceful manner.

"I appeal to people to come here and offer their tributes, but maintain peace and do not believe in rumours," the NCP leader said.

Prakash Ambedkar also offered his tributes at the victory pillar.

Pune Police last week issued notices to several people, including right-wing leaders Milind Ekbote and Sambhaji Bhide, and members of Kabir Kala Manch, barring them from entering the district for four days from December 29.

The notices, as part of preventive action, were issued to all those against whom cases were registered in connection with the violence two years ago.

Ekbote was arrested in March 2018 for allegedly instigating and orchestrating the violence around Koregaon Bhima.

Bhide was also booked and named in the FIR, but never arrested.

The police attributed the violence to the Elgar Parishad conclave held here on December 31, 2017, where provocative speeches were allegedly made.

They are also probing the alleged "Maoist link" of some activists to the Elgar Parishad conclave.

Several Dalit groups observe the anniversary of the Koregaon Bhima battle, in which the British defeated the Peshwas of Maharashtra.

The memorial, located at Perne village on Pune- Ahmednagar road, was constructed by the British in the memory of soldiers who died in the battle.

Dalit leaders commemorate the British victory as soldiers from the Mahar community were part of the East India Company's forces.

The Peshwas were Brahmins, and the victory is seen as a symbol of assertiveness by Dalits.

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Agencies
March 7,2020

New Delhi, Mar 7: Bhim Army chief Chandrashekhar Azad has taunted Bahujan Samaj Party chief Mayawati saying that she has lost her way. He also said that one will have to work for the larger interest of the society to bring about equality. Only the speeches cannot improve the condition of the Dalits, their participation in power must increase.

In an interview with media persons, Chandrashekhar said: "Members of minority community, Dalits and backward classes are being targeted in the country. Their rights are being taken away. Our workers want that they too should get equal share in political power. Keeping this in mind, we are going to form a new political party on March 15. Their (Dalits) issues will have to be raised. Mere speeches will not work for Bahujan society, one has to raise voice in their favour. They should get a share in power."

On the question that how he would find a foothold in view of large political base of the BSP, Chandrashekhar said, "We are not looking for an alternative. Look at the crores of Muslims, Dalits, members of backward community and minorities. We have to protect their interests. We have a large organisation in the state. Our Bharat Bandh was also successful".

On the question that with which party he will forge an alliance in 2022 after forming his party on March 15, Chandrashekhar said: "When we are forming our party then we don't need to go seeking alliance with anyone. Our party will be formed on the basis of some principles. Whoever will find it suitable will come close to us".

On meeting with Yogi government's former minister Om Prakash Rajbhar, he said that Rajbhar is not a controversial person. He is a big backward leader. He raises voice in favour of the backwards in the Assembly. He also supported us when I was in jail. We talked about how to stop the BJP and will take all necessary steps to prevent the BJP from coming back to power.

When asked why he had several run-ins with the police, Chandrashekhar said: "Ask this question to the police. Have I broken any law? Am I not a citizen of this country? There is no freedom of speech in the Yogi government. This is happening at the behest of the government. We are just opposing it".

Talking about the CAA, NRC and the NPR, he said: "We will not stage protest because the government does not want it. Any law which is wrong in our view will be opposed. This is a secular country. The CAA will divide the country. If there is anything against the Indian Constitution, we will raise our voice. Laws will not be allowed to be made on the basis of religion".

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