Chopper deal: India likely to seek more info during Cameron visit

February 17, 2013

New Delhi, Feb 17: Arriving here within days of exposure of the Rs 3,600-crore VVIP helicopters scam involving Anglo-Italian firm AgustaWestland, UK Prime Minister David Cameron is likely to be pressed for more information in this regard during his meetings with the leadership on Tuesday.

The visit also comes in the wake of India taking steps to scrap the contract after Italian investigators probed allegations that aerospace group Finmeccanica, the parent company of AgustaWestland, had broken the law by paying bribes to foreign officials.

The helicopters, three of which have already been delivered, are manufactured in southwest England.cameron

India has already issued a note verbale and met with UK Foreign Office officials to get information and assistance in probing the allegations of corruption in the deal, an official spokesperson in the Ministry of External Affairs said.

Noting that the UK has provided an interim response, the spokesperson also said, "Nobody is ever satisfied with an interim response. Everybody would want a full-fledged response. So, I mean it is pretty obvious that we would like a full-fledged response."

Westland used to be a UK firm and was taken over by Italian defence giant Finmeccanica.

Cameron, accompanied by a large official business delegation, will hold comprehensive talks with Prime Minister Manmohan Singh on a wide range of bilateral, regional and international issues.

Apart from the defence deal, other major issues expected to figure during Cameron's three-day visit would include the Rs 12,000-crore Vodafone tax dues matter and the UK hosting a meeting between the Pakistan and Afghanistan Presidents.

While the Vodafone issue also figured during the recent visit of Finance Minister P Chidambaram to the UK, details of the UK-Pak-Afghan trilateral meet was being "finely studied" by New Delhi.

According to reports from the UK, Cameron also wants to use the trip to correct any misunderstandings about his government's move to bring immigration numbers under control amid concerns that young Indians could be deterred from applying to study in Britain.

Cameron's trip also comes close on the heels of a visit by French President Francois Hollande here to drum up trade, underlining the growing importance of the Indian economy.

Ahead of the visit, the UK Prime Minister said he wanted the relationship between Britain and India to be "one of the great partnerships of the 21st century".

Before landing here on February 19, Cameron along with his delegation would be spending a night in Mumbai where he will attend a business meet and place a wreath on police memorial.

Cameron's India visit is being billed in the UK as the biggest trade trip ever organised by his office.

India and the UK have vibrant economic ties and the two- way trade rose to about USD 16.157 billion in 2011-12 from USD 12.56 billion in 2010-11.

Total British FDI in India, as of October 2012 from April 2000, was about USD 17.08 billion, which is about 9 per cent of the total foreign direct investment in India. There are about 700 Indian companies which have operations in the UK out of which over 70 are listed on London Stock Exchange.

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Agencies
May 17,2020

New Delhi, May 17: The HRD Ministry on Saturday postponed announcement of the exam schedule for pending class 10 and 12 board exams, saying the CBSE is still considering certain technical aspects before finalising the datesheet.

The ministry had earlier announced that it would notify the schedule at 5 pm on Saturday.

"CBSE is taking into consideration some additional technical aspects before finalizing the datesheets of the board exams of classes 10th and 12th, due to which, the datesheets will now be released by Monday i.e. 18-05-2020. Inconvenience caused is sincerely regretted (sic)," Union HRD Minister Ramesh Pokhriyal 'Nishank' tweeted.

The ministry had last week announced that the pending class 10 and 12 CBSE exams, which were postponed due to the COVID-19-induced lockdown, would be conducted from July 1 to 15.

However, the schedule as well as the modalities and guidelines have not been announced yet.

While class 12 exams will be conducted across the country, the class 10 exams are only pending in North East Delhi where they were affected due to the law and order situation.

Universities and schools across the country have been closed and exams postponed since March 16 when the Centre announced a countrywide classroom shutdown as one of the measures to contain the COVID-19 outbreak.

Later, a nationwide lockdown was announced on March 24, which has now been extended till May 17.

The board was not able to conduct class 10 and 12 exams on eight examination days due to the coronavirus outbreak.

Further, due to the law and order situation in North East Delhi, the board was not able to conduct exams on four examination days, while a very small number of students from and around this district were not able to appear in exams on six days.

The board had last month announced that it will only conduct pending exams in 29 subjects which are crucial for promotion and admission to higher educational institutions.

The modalities of assessment for the subjects for which exams are not being conducted will be announced soon by the board.

The schedule has been decided in order to ensure that the board exams are completed before competitive examinations such as engineering entrance JEE-Mains, which is scheduled from July 18-23, and medical entrance exam NEET, which is scheduled on July 26.

The University Grants Commission (UGC) has issued guidelines to universities that the new academic session for freshers will begin from September while for the existing students from August.

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News Network
July 12,2020

Hubli, Jul 12: Union Parliamentary Affairs Minister Pralhad Joshi on Sunday said that the Monsoon session of Parliament will be held with the government ensuring all health precautions for COVID-19 are followed.

"Monsoon session (of Parliament) will certainly be held. The government will do all the formalities and take all precautions," the Parliamentary Affairs Minister told reporters here.

Earlier in March, the Parliament had passed 12 bills during the curtailed budget session with Lok Sabha passing 15 bills and Rajya Sabha 13.
During the session, 19 bills were introduced in the two Houses (18 in Lok Sabha and 1 in Rajya Sabha). The two Houses were adjourned sine die after completion of the budgetary process including passage of the Finance Bill.

The second part of the session was curtailed in view of the threat of the spread of coronavirus.
On June 1, Rajya Sabha Chairman M Venkaiah Naidu and Lok Sabha Speaker Om Birla had held a detailed discussion on holding the ensuing monsoon session of Parliament in view of the coronavirus-induced norm of social distancing, sources said.

They said the leaders have taken note of reports suggesting that the fight against COVID-19 is likely to be a long haul.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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