PM Modi arrives in UK for bilateral meetings, CHOGM

Agencies
April 18, 2018

London, Apr 18: Prime Minister Narendra Modi arrived in the UK today for a four-day visit of bilateral engagements as well as multilateral discussions as part of the Commonwealth Heads of Government Meeting (CHOGM).

UK Foreign Secretary Boris Johnson received Modi at the Heathrow airport here.

Johnson said he was "excited" about the growing India-UK bilateral trade and that the visit will help build on "huge economic advantages".

"..thanks to our shared history, we have a living bridge between us… and now we want to build on the incredible tech sector where both India and the UK are making giant strides together," Johnson said in a statement.

Modi is set for a packed day of official engagements today, starting with his bilateral meeting with British Prime Minister Theresa May at 10 Downing Street.

The two leaders are expected to discuss a wide range of issues of mutual interest, including separatism, cross-border terrorism, visas and immigration.

A memorandum of understanding (MoU) on the return of illegal immigrants, which had expired in 2014, will be officially renewed to take into account biometric and other developments in the field, along with a range of nearly a dozen MoUs across different sectors.

Modi will then head to the Science Museum in London to visit the '5000 Years of Science and Innovation' exhibition where he will interact with Indian-origin and other scientists and innovators based in the UK.

The event, hosted by Prince Charles, will include the launch of a new Ayurvedic Centre of Excellence, aimed at creating a first-of-its-kind global network for evidence-based research on yoga and Ayurveda.

A brief stop to garland the Basaveshwara statue -- which Modi had inaugurated during his last visit to the UK in 2015 -- on the banks of the river Thames will then be followed by his second meeting with May at an event hosted by the British prime minister at the Francis Crick Institute.

After an interaction with Indian-origin scientists working on cancer research, malaria and other tropical diseases, both leaders will initiate the India-UK CEOs Forum.

Modi is then scheduled for a private audience with Queen Elizabeth II at Buckingham Palace before the 'Bharat Ki Baat, Sabke Saath' diaspora event, to be telecast live from the iconic Central Hall Westminster in London today.

The event billed as the centrepiece of the 'Living Bridge' theme of the India-UK bilateral visit, will involve Modi addressing questions from across the world which have already been received via social media.

At the end of the live telecast, he will join Heads of Government from 52 other Commonwealth countries at a dinner hosted by the British prime minister as a formal welcome to CHOGM.

This will be followed by the executive session of the heads in London tomorrow before they head to Windsor for the CHOGM retreat, where the world leaders will interact on an informal basis.

This will conclude Modi's UK visit after which he will leave for India.

According to official estimates, the India-UK bilateral trade stands at USD 13 billion, with the UK among the largest G20 investors in India.

Modi's visit will have a particular focus on the India-UK technological partnership as well as an enhanced role in the Commonwealth.

"India's engagement is absolutely brilliant… there is a recognition that the Commonwealth offers a great opportunity for India and within that opportunity lies an opportunity for the rest of the Commonwealth," says Lord Marland, chairman of the Commonwealth Enterprise and Investment Council (CWEIC).

An Indian prime minister will attend the Commonwealth summit, which is held every two years, after a hiatus of nearly a decade, having last attended the 2009 CHOGM in Trinidad and Tobago.

The Indian government has said that Modi's attendance at the summit this year symbolises the country's wider efforts to step up its role across global forums. This stepped-up engagement is likely to take the form of increased activity within the Commonwealth, including greater resources and manpower as well as financial contributions.

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ali
 - 
Wednesday, 18 Apr 2018

feku in uk and daaku in karnataka.

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News Network
March 6,2020

Beijing, Mar 6: World health officials have warned that countries are not taking the coronavirus crisis seriously enough, as outbreaks surged across Europe and in the United States where medical workers sounded warnings over a "disturbing" lack of hospital preparedness.

The World Health Organization warned Thursday that a "long list" of countries were not showing "the level of political commitment" needed to "match the level of the threat we all face".

"This is not a drill," WHO chief Tedros Adhanom Ghebreyesus told reporters.

"This epidemic is a threat for every country, rich and poor."

Tedros called on the heads of government in every country to take charge of the response and "coordinate all sectors", rather than leaving it to health ministries.

What is needed, he said, is "aggressive preparedness."

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News Network
January 29,2020

Jan 29: Multiple organisations have called for a Bharat Bandh today in order to protest against the recently passed Citizenship Amendment Act and the proposed National Register of Citizens (NRC). The Bharat  Bandh today has been organised in Surat in Gujarat, Jharkhand and Andhra Pradesh. Increased security measures have been put in place in the three states keeping in view the call for shutdown.

According to media reports, the call for Bharat Bandh was given by Maulana Sajjad Nomani of the All India Muslim Personal Law Board (AIMPLB). This was to protest against the controversial CAA-NRC. This call is supported by an NGO based in Surat, Versatile Minorities Forum (VMF). Apart from the VMF, the call for strikes has been supported by organizations such as Bahujan Kranti Morcha, National Association of Street Vendors of India Surat chapter and the Textile Market Workers' Union.

The workers of the VMF were also spotted distributing pamphlets and urging people to support the strike. Several shopkeepers have also put up notices stating that their shops will be shut for the day.

Earlier, Bharat Bandh was called by 10 trade unions and several bank employees in order to protest against the "anti-people policies of the government" on January 8 and 9. A few violent incidents during this Bharat Bandh were reported in West Bengal.

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News Network
July 27,2020

Tokyo, Jul 27: Gold hit an all-time high on Monday as tit-for-tat consulate closures in China and the United States rattled investors, boosting the allure of safe-haven assets, although sentiment was mixed with tech gains supporting some Asian stocks.

MSCI's ex-Japan Asia-Pacific index rose 1.3 percent as Taiwan's TSMC, Asia's third-largest company by market capitalisation, rose almost 10 percent.

The chipmaker's gains boosted other tech stocks in the region and came after rival Intel signalled it may give up manufacturing its own components due to delays in new 7-nanometer chip technology.

Also soothing sentiment, Chinese shares eked out gains after big falls late last week, with CSI300 index rising 0.5 percent.

S&P500 futures were last up 0.4 percent in choppy trade while Japan's Nikkei fell 0.5 percent, resuming trade after a long weekend and catching up with falls in global shares late last week.

Global shares had lost steam last week after Washington ordered China's consulate in Houston to close, prompting Beijing to react in kind by closing the US consulate in Chengdu.

US Secretary of State Mike Pompeo took fresh aim at China last week, saying Washington and its allies must use "more creative and assertive ways" to press the Chinese Communist Party to change its ways.

"US President (Donald) Trump used to say China's President Xi Jinping is a great leader. But now Pompeo's wording is becoming so aggressive that markets are starting to worry about further escalation," said Norihiro Fujito, chief investment strategist at Mitsubishi Securities.

Gold rose 1.0 percent to a record high of $1,920.9 per ounce, surpassing a peak touched in September 2011, as Sino-US tensions boosted the allure of safe-haven assets, especially those not tied to any specific country.

The yellow metal is also helped by aggressive monetary easing adopted by many central banks around the world since the pandemic plunged the global economy into a recession.

Some investors fret such an unprecedented level of money-printing could eventually lead to inflation.

MORE STIMULUS

Hopes of a quick US economic recovery are fading as coronavirus infections showed few signs of slowing.

That means the economy could capitulate without fresh support from the government, with some of earlier steps such as enhanced jobless benefits due to expire this month.

Investors hope US Congress will agree on a deal before its summer recess but there are some sticking points including the size of the stimulus and enhanced unemployment benefits.

US Treasury Secretary Steve Mnuchin said the package will contain extended unemployment benefits with 70 percent "wage replacement".

Democrats, who control the House of Representatives, want enhanced benefits of $600 per week to be extended and look to much bigger stimulus compared with the Republicans' $1 trillion plan.

Investors are looking to corporate earnings from around the world for hints on the pace of recovery in the global economy.

"It looks like rising coronavirus cases are starting to slow down recovery in many countries," said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui DS Asset Management.

Concerns about the US economic outlook started to weigh on the dollar, reversing its inverse correlation with the economic well-being over the past few months.

The dollar index dropped 0.3 percent to its lowest level in nearly two years.

The euro gained 0.3 percent to $1.1693, hitting a 22-month high of $1.16590 as sentiment on the common currency improved after European leaders reached a deal on a recovery fund in a major step towards more fiscal co-operation.

Against the yen, the dollar slipped 0.5 percent to 105.605 yen, a four-month low while the British pound hit a 4 1/2-month high of $1.2832.

Oil prices dipped on worries about the worsening Sino-US relations.

Brent futures fell 0.46 percent to $43.14 per barrel while US crude futures lost 0.44 percent to $41.11.

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