If I can see Indian-American US Prez, that's my legacy: Bera

September 1, 2013

BeraNew Delhi, Sep 1: Indian-American US Congressman Ami Bera has said that seeing a member of the community as the President of the United States in his life time will be the true legacy he can leave behind.

The 48-year-old California-born Democratic lawmaker, the only Indian-American currently serving in Congress who made his first visit to India after being elected to the office, feels more ethnic Indian people will rise and assume higher offices in the US in the coming years.

"If my legacy is inspiring, and if I can see in my lifetime, more Indian-American Congressmen in the House and if I can see an Indian-American Senator in my lifetime. And, if I can see an Indian-American President in my lifetime, that will be my true legacy," Bera told PTI here in an interview, during his recent India trip.

Bera's father hailed from Gujarat and migrated to the US in 1950. He is the third Indian-American — after Dalip Singh Saundh in 1950 and Bobby Jindal in 2005 — to have been elected to the House of Representatives, the lower house in the US legislature.

The lawmaker who counts Mahatama Gandhi, Martin Luther King and Nelson Mandela as inspirations said that more Indian-American joining politics and rising would only be a "natural progression".

"I see so many Indian-Americans in the hallway in the Congress and people rising and assuming higher offices would only be a natural progression for the community that has risen on the core values imbibed across generations," Bera said.

Indian Americans numbering 3.2 million is the third largest Asian American community in US after Chinese Americans (3.8 million) and Filipinos (3. 4 million).

"Qualities of family, qualities of a strong sense of community, qualities of sacrificing so that your children can have a better future...and those are not just Indian or Indian-American qualities but those are qualities that every parent or families stood out for, is what made us.

"I think it takes tremendous courage to leave a small village in Gujarat and go to a country where you don't have anything and where you don't know anyone... that is a story that is told over and over in our community... and, we should not forget those stories," Bera added.

The lawmaker called the "reverse migration" happening from US to India currently as one of the exciting phases for the Indian-Americans.

"I think the first generation who had left..their children who studied in America, are coming back..because many things like doing a start-up is easier here..so they are making their innovation here and it is important that it is documented," he said.

He emphasised that next generation of Indian-Americans will redefine the Indo-American relationships.

"Indo-American relationships will be one of the defining partnerships of the 21st century and the next generation of the Indian-Americans will further redefine it. And those Indian-Americans, who are born and raised in US, will play a greater role in that," he said.

The US lawmaker, who called the Indian-American community as the "marriage of best of both the worlds", said this was the time for them to give back to America.

"I am only here because of the opportunities other have made for me, and those are also American qualities...I think if we embrace who we are and embrace those qualities we can be successful," he said.

During his week-long trip, Bera visited Mumbai, New Delhi and Bangalore, where he met business leaders from both American and Indian companies to strengthen the trade relationship between the two countries.

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Agencies
March 14,2020

New Delhi, Mar 14: A Delhi court on Friday granted bail to three alleged members of the Popular Front of India (PFI) -- Parvez (Delhi President), Iliyas (Delhi Secretary) and Danish -- in connection with the organization's role in the northeast Delhi violence last month.

Metropolitan Magistrate Prabhdeep Kaur granted bail to all three accused on furnishing personal bail bonds of Rs 30,000 each.

The court said that "Investigating Officer (IO) has nowhere mentioned that any of the non-bailable offences has been disclosed or has come out during investigation till now, therefore, accused be enlarged on bail."

According to police, the three men were arrested for allegedly spreading fake propaganda during the anti-CAA protests.

Delhi police, while opposing bail and seeking remand, stated that police custody is required because accused were involved in a conspiracy of communal riots which resulted in the death of 50 innocent people and injuries to approximately 300 persons and huge loss of government and public properties.

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News Network
May 4,2020

Munbai/New Delhi, May 4: India expects bad debts at its banks could double after the coronavirus crisis brought the economy to a sudden halt, a senior government official and four top bankers said.

Indian banks are already grappling with 9.35 trillion rupees ($123 billion) of soured loans, which was equivalent to about 9.1% of their total assets at the end of September 2019.

"There is a considered view in the government that bank non-performing assets (NPAs) could double to 18-20% by the end of the fiscal year, as 20-25% of outstanding loans face a risk of default," the official with direct knowledge of the matter said.

A fresh surge in bad debt could hit credit growth and delay India's recovery from the coronavirus pandemic.

"These are unprecedented times and the way it's going we can expect banks to report double the amount of NPAs from what we've seen in earlier quarters," the finance head of a top public sector bank told Reuters.

The official and bankers declined to be named as they were not officially authorized to discuss the matter with media.

India's finance ministry declined to comment, while the Reserve Bank of India and Indian Banks' Association, the main industry body, did not immediately respond to emails seeking comment.

The Indian economy has ground to a standstill amid a 40-day nationwide lockdown to rein in the spread of coronavirus cases.

The lockdown has now been extended by a further two weeks, but the government has begun to ease some restrictions in districts that are relatively unscathed by the virus.

India has so far recorded nearly 40,000 cases of the coronavirus and more than 1,300 deaths from COVID-19, the respiratory disease caused by the coronavirus.

'RIDING THE TIGER'

Bankers fear it is unlikely that the economy will fully open up before June or July, and loans, especially those to small- and medium-sized businesses which constitute nearly 20% of overall credit, may be among the worst affected.

This is because all 10 of India's largest cities fall in high-risk red zones, where restrictions will remain stringent.

A report by Axis Bank said that these red zones, which contribute significantly to India's economy, account for roughly 83% of the overall loans made by its banks as of December.

One of the sources, an executive director of a public sector bank, said that economic growth had been sluggish and risks had been heightened, even ahead of the coronavirus crisis.

"Now we have this Black Swan event which means without any meaningful government stimulus, the economy will be in tatters for several more quarters," he said.

McKinsey & Co last month forecast India's economy could contract by around 20% in the three months through June, if the lockdown was extended to mid-May, and growth in the fiscal year was likely to fall 2% to 3%.

Bankers say the only way to stem the steep rise in bad loans is if the RBI significantly relaxes bad asset recognition rules.

Banks have asked the central bank to allow all loans to be categorized as NPAs only after 180 days, which is double the current 90-day window.

"The lockdown is like riding the tiger, once we get off it we'll be in a difficult position," a senior private sector banker said.

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Agencies
June 17,2020

New Delhi, Jun 17: AAP MLA and national spokesperson Atishi has tested positive for COVID-19, her party colleagues said on Wednesday.

Delhi Chief Minister Arvind Kejriwal took to Twitter to wish her speedy recovery.

"Atishi ji has played an important role in the fight against corona. I hope that she will get healthy soon and again get involved in serving the people," Kejriwal tweeted in Hindi.

According to sources, Atishi was tested on Tuesday for COVID-19 and her report came positive today.

She is presently under home quarantine, the sources said.

"Get well soon Atishi, recover soon from Corona," AAP MLA Saurabh Bhardwaj tweeted.

Atishi represents Kalkaji assembly constituency.

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