Obama arrives in India, PM Modi receives him

January 25, 2015

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New Delhi, Jan 25: US President Barack Obama today arrived here on a three-day visit during which both sides will seek to break the deadlock in operationalising the civil nuclear pact, firm up a defence cooperation agreement besides broadening ties in areas like trade and investment.

In a departure from protocol, Prime Minister Narendra Modi received Obama, who was accompanied by his wife Michelle and a high-level delegation, at the Palam airport. Modi and Obama hugged each other, reflecting their personal chemistry.

Obama will be the first US President to grace the Republic Day parade as the Chief Guest tomorrow.

He will hold extensive talks with Modi on a number of strategic issues including ways to break the impasse in implementation of the civil nuclear deal and enhancing defence and economic ties.

Both countries are working hard to have "excellent" outcomes from the visit of Obama.

The two countries will also deliberate on ways to boost trade and economic ties as well as the crucial issue of climate change.

Both countries are working hard to have "excellent" outcomes during the visit.

Officials said "progress has been made" on the nuclear issue and India was looking forward to "effectively" work with the US in the "extremely important" field.

The Indian liability law holds the suppliers directly liable in case of a nuclear accident while countries like France and the US have asked India to follow global norms under which the primary liability is with the operator.

Since all the nuclear power plants in the country are run by the government-owned Nuclear Power Corporation of India Ltd, following international norms will mean the government would have to pay the damages in case of an accident.

Earlier this week, American Ambassador Richard Verma had noted that bilateral trade had grown five fold to USD 100 billion in the past decade, and added that, "We believe there is no reason it can't grow another five-fold, to USD 500 billion by 2020."

Climate change issue is also expected to figure prominently in talks between Modi and Obama.

Both Obama and Modi are also likely to discuss issues relating to India's neighbourhood as well as global issues.

Curtailing his India-visit, Obama had decided to skip a trip to Agra to see iconic Taj Mahal to be able to fly directly from New Delhi to Saudi Arabia following the death of King Abdullah.

An unprecedented security arrangement, comprising Delhi Police and para-military forces, has been put in place in the city.

Snipers of Delhi Police and National Security Guards occupied all high-rise buildings on the routes which Obama will be travelling.

Central Delhi has turned into a virtual fortress with security agencies partly or completely shutting down nearly 71 buildings. Even bonafide citizens of this area, including MPs and officers of the Armed Forces, have been either issued special passes or have to establish their identities to enter the zone.

A joint team of the US Secret Services and sleuths of central security agencies were monitoring specially established control rooms which are connected to freshly installed CCTVs for the VVIP.

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Barack Obama arrives in India: 6 top points

Obama arrives

New Delhi, Jan 25: U.S. President Barack Obama arrives in India on Sunday for the second time, to build on what he calls one of the defining relationships of the 21st Century. Following are some key areas likely to be discussed during his visit:

Strategic Importance

India’s size, location, fast-growing economy and potential as a democratic counterbalance to China makes the South Asian nation an increasingly important element of U.S. military and commercial strategy. Prime Minister Narendra Modi’s assertiveness in the region has already aligned India more with Washington, but they do not see eye-to-eye on Pakistan, and India is worried about the exit of U.S. troops from Afghanistan. India wants greater cooperation on terrorism and access to high-technology goods for civilian and military use.

Defence

The United States overtook Russia as the biggest weapons supplier to India, the Indian government said in August. India is the world’s biggest weapons importer. U.S. officials confidently predict deals will be unveiled on the trip, including possibly joint production of Raven drones and systems for Lockheed’s C-130 transport planes. Standing in the way of closer ties are Indian curbs on foreign companies owning majority stakes in defence companies and U.S. curbs on exporting certain technologies.

Civil Nuclear

U.S. and Indian officials are trying to unblock billions of dollars of potential trade in nuclear energy, but it’s not clear if an agreement can be reached in time for Obama’s visit. The two sides signed a landmark civilian nuclear deal in 2008. Holding up the trade is India’s reluctance to pass legislation shielding suppliers from liability in the event of a nuclear accident, a deviation from international norms.

Climate Change

The United States and India are expected to announce efforts to work together to combat climate change ahead of key global talks in Paris later this year. India, the world’s third largest carbon emitter, is reluctant to follow the United States and China in committing to a peak year for emissions on the grounds it needs economic growth to alleviate poverty. Instead, India is likely to trumpet its plans for a rapid expansion of renewable energy, for which it needs U.S. investment and technology, and improving energy efficiency.

Renewable Energy

India wants U.S. companies to help lead investments of $100 billion in renewable energy. Modi promised to help renewable energy companies overcome entry to the Indian market during his trip to Washington last year. A barrier to investment is a requirement that foreign companies make much of the equipment within India, which business leaders say will push up costs.

Economic Ties

Modi and Obama last year targeted a five-fold increase in annual trade to $500 billion. But U.S. business leaders have been frustrated by limits on their access to the Indian market, and battles over intellectual property protection. India and the United States have also filed several cases against each other at the World Trade Organisation over protection of their domestic steel, poultry and solar industries. India is trying to shed an image of arbitrary taxation on foreign companies and may be close to a bilateral tax deal with Washington.

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Agencies
May 9,2020

New Delhi, May 9: The Supreme Court on Friday agreed to consider a plea raising the issue of mass termination and the illegal salary cut of employees in IT/ITES/BPO/KPI by their employers during the lockdown due to the spread of the coronavirus.

A bench comprising Justices Ashok Bhushan, S.K. Kaul and B.R. Gavai, taking up the matter through video conferencing, agreed to examine the issue and listed it for May 15.

The petition, argued by senior advocate Devadatt Kamat, was filed by National Information Technology Employees Sena (NITES) through advocate-on-record Amit Pai, and sought implementation of directions issued by the Centre on March 29 and similar advisories issued by several other states mandating payment of wages/salaries to the employees and also directed not to terminate them during the period of lockdown.

A directive was issued by the Union Ministry of Labour and Empowerment to all Chief Secretaries of state governments to issue advisories to public and private companies to not lay off employees or implement pay cuts during lockdown.

In the Centre for Monitoring Indian Economy (CMIE) report published on April 19, it was noted that "several companies across the country have started to terminate its employees without any reasonable cause and have started withholding their salaries. It is submitted that in such testing times, the rights of the employees ought to be protected by necessary orders/directions to the companies through the Respondents to effectively implement the lockdown and to contain the spread of the virus", said the plea.

On March 29, the Centre issued an order directing all states and Union Territories to issue orders, requiring all the employers in the industrial sector and shops and commercial establishments to pay wages on the due date without any deduction during their closure due to the lockdown.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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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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