Back off, angry govt tells Obama

July 17, 2012
angry_obama

New Delhi, July 17: A day after US President Barack Obama's call for lifting of foreign investment curbs by India, the government on Monday shot back asking Washington not to meddle with the country's internal affairs and suggested that the world's largest economy should lead the fight against protectionism. The statement came amid protests from the Opposition, which asked the government not succumb to US pressure.

"He (Obama) has every right to convey what his perceptions are but the policymaking is a sovereign decision and India's FDI policy regime is investor-friendly," commerce and industry minister Anand Sharma said at a press conference while referring to various reports to argue that India remained one of the most attractive investment destinations.

"...by all indications it is the regime, the climate that we have created in India through various policy measures, reforms, simplification, rationalization. We have followed a calibrated approach in following the path of economic reforms," the minister said.

By evening the Prime Minister's Office too got into the act and pulled out a recent Unctad report to make the same points that Sharma had made earlier on Monday. "India is the third most desirable destination for Foreign Direct Investment (FDI)- UNCTAD World Investmnent (sic) Report 2012," the PMO tweeted. It then went on to say that China and India saw inflows rise 8% and 31%, respectively.

Interestingly, when the UNCTAD report was released earlier this month, it went largely unnoticed with only corporate affairs minister Veerappa Moily talking about it.

In an interview, Obama had said that that India prohibits foreign investment in too many sectors such as retail and endorsed another wave of economic reforms. "It is still too hard to invest in India. In too many sectors, such as retail, India limits or prohibits the foreign investment...which is necessary for India to continue to grow," he had said.

Interestingly, in contrast to government's angry retaliation, Congress came up with a stoic response, advising all "not to get hot under collar".

The BJP reacted strongly with former finance minister Yashwant Sinha describing it as irresponsible and said the country did not need his advice on the investment climate or FDI in multi-brand retail. "If we have a problem it will be sorted out among ourselves. As far as FDI in multi-brand retail is concerned, his advice is completely unsolicited. He has not strengthened the cause by making such remarks," he said.

On its part, CPM termed the US president's statement as "a brazen attempt" to pressurize the UPA government. Asking the government not to succumb to this "pressure", the CPI(M) politburo said the party "objects to the remarks made by Obama that India open the doors to Wal-Mart for retail trade and other American investments in India."

The government, which has been pushing for allowing retail chains to set up multi-brand stores in the country, did not comment on it but asked the US to focus on removing barriers to trade such as a hike in visa fees.

"We would rather urge the US to demonstrate leadership in bringing down barriers, encouraging capital flows and trade in the world which is good for every economy. The US should be leading the fight against protectionism and taking forward the stalled Doha Development Round of the WTO to a meaningful conclusion," Sharma added.

Congress said there was "no need to get hot under the collar" over Obama's remarks on "deteriorating" investment climate in India, contending that a mature democracy should take the observations in its stride and move on.

"I think the one thing the world understood in the past 62 years is that whatever decision India takes ...it takes in its own enlightened national interest," party spokesman Manish Tewari told reporters.

He said there was "no need to get hot under the collar" if certain statements are made by certain distinguished people or even if comments are made by certain newspapers and magazines.

"If at all there is any need to clarify, those clarifications have been given.....and I think as a matured democracy we should factor these observations in our stride and move on", Tewari added.


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Agencies
May 14,2020

New Delhi, May 14: India may witness the death of additional 1.2-6 lakh children over the next one year from preventable causes as a consequence to the disruption in regular health services due to the COVID-19 pandemic, UNICEF has warned.

The warning comes from a new study that brackets India with nine other nations from Asia and Africa that could potentially have the largest number of additional child deaths as a consequence to the pandemic.

These potential child deaths will be in addition to the 2.5 million children who already die before their fifth birthday every six months in the 118 countries included in the study.

The estimate is based on an analysis by researchers from the Johns Hopkins Bloomberg School of Public Health published in the Lancet.  

This means the global mortality rate of children dying before their fifth birthday, one of the key progress indicators in all of the global development, could potentially increase for the first time since 1960 when the data was first collected.

There were 1.04 million under-5 deaths in India in 2017, of which nearly 50% (0.57 million) were neonatal deaths. The highest number of under-5 deaths was in Uttar Pradesh (312,800 which included 165,800 neonatal deaths) and Bihar (141,500 which included 75,300 neonatal deaths).

The researchers looked at three scenarios, factoring in parameters like reduction in workforce, supplies and access to healthcare for services like family planning, antenatal care, childbirth care, postnatal care, vaccination and preventive care for early childhood. The effects are modelled for a period of three months, six months and 12 months.  

In scenario-1 marked by 10-18% reduction of coverage of all the services, the number of additional children deaths could be in the range of 30,000 plus over three months, more than 60,000 over six months and above 120,000 over the next 12 months.

Coronavirus India update: State-wise total number of confirmed cases, deaths on May 13

The numbers sharply rose to nearly 55,000; 109,000 and 219,000 respectively for scenario-2, which was associated with an 18-28% drop in all the regular services.

But in the worst-case scenario in which 40-50% of the services are not available, the number of additional deaths ballooned to 1.5 lakhs in the three months in the short-range to nearly six lakhs over a year.

The ten countries that could potentially have the largest number of additional child deaths are Bangladesh, Brazil, Congo, Ethiopia, India, Indonesia, Nigeria, Pakistan, Uganda and Tanzania.

In countries with already weak health systems, COVID-19 is causing disruptions in medical supply chains and straining financial and human resources.

Visits to health care centres are declining due to lockdowns, curfews and transport disruptions, and due to the fear of infection among the communities. Such disruptions could result in potentially devastating increases in maternal and child deaths, the UN agency warned.

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Agencies
January 1,2020

New Delhi, Jan 1: On the New Year's eve, the railways announced fare hike across its network effective from January 1, 2020, according to an order issued on Tuesday.

While suburban fares remain unchanged, ordinary non-AC, non-suburban fares were increased by 1 paise per km of journey.

The railways also announced a two paise/km hike in fares of mail/express non-AC trains and four paise/km hike in the fares of AC classes.

The fare hike is also applicable to premium trains such as Shatabdi, Rajdhani and Duronto, according to the order.

In the Delhi-Kolkata Rajdhani, which covers a distance of 1,447 km, the hike at the rate of 4 paise per km will be around Rs 58.

According to the order, there will not be any change in the reservation fee and superfast charge and the hike in fares will not be applicable to tickets already booked.

The last such hike was announced in 2014-2015 when fares of all classes of trains were raised by 14.2 per cent and freight charges by 6.5 per cent. However, since then, the railways introduced the flexi-fare scheme which significantly raised fares on select trains and launched trains like Vande Bharat Express and Tejas Express which have relatively higher fares. Trains with dynamic pricing like Suvidha Express were also introduced.

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Agencies
May 31,2020

New Delhi, May 31: Congress leader Kapil Sibal on Sunday questioned the Prime Minister on how much money has been given to labourers from the PM-CARES Fund.

"I would like to ask Prime Minister Modi, 'Can you tell us how much money did you give to labourers from your PM-CARES Fund?' I request him to answer this question. Many people died during this period, some died while walking, some died in the train, some died of hunger," Sibal said while addressing a virtual press conference.

The senior Congress leader further asked how much ex gratia did the Prime Minister give to the labourers who died in the corona crisis while negotiating the lockdown.

"I refer you to Section 12 of the Disaster Management Act. It says that ex gratia assistance on account of the loss of life and also assistance for the restoration of livelihood should be provided by the government. Did the government give ex gratia assistance to people who died in the crisis? The act also mentions special provisions for widows and orphans. The government should clarify how much assistance they gave to such people," he said.

Sibal said that the government should keep aside its agenda for the last six years and concentrate on making pro-poor policies.

"In the coming days, our economy is going to go into the negative territory as also confirmed by RBI. There are 45 crore labourers in our country. What will be their state? We have to look at our future. That is why we want to request the government that the agenda that they have run over the last six years should be kept aside and that government should care about the poor and draft policies for them," the Congress leader said.

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