PM Modi, President Macron sign security deal with an eye on China

Agencies
March 10, 2018

New Delhi, Mar 10: French President Emmanuel Macron on Saturday said defence ties with India had reached a new high after the two nations signed a key security accord for the Indian Ocean to counter China's growing influence in the region.

"Defence cooperation between the two countries now has a new significance," Macron said as a gushing Prime Minister Narendra Modi stood by his side.

Under the deal, India and France will open their naval bases to warships from each other, a move seen as an attempt to undermine China's territorial ambitions.

"A strong part of our security and the world's stability is at stake in the Indian Ocean," Macron said.

"The Indian Ocean, like the Pacific Ocean, cannot become a place of hegemony", he added in an apparent reference to China.

Modi, who welcomed Macron with a bear hug on his arrival Friday, said the accord was crucial as the Indian Ocean region would play a "very significant role" in the days to come.

The comments from the leaders followed a slew of agreements signed by the two countries in the spheres of defence, space and clean energy.

"From the ground to the sky, there is no subject on which India and France are not working together", said Modi.

A technical agreement was also signed on the French-assisted nuclear power project at Jaitapur in western Maharashtra state.

Sources in the French presidency told AFP they were optimistic of a final agreement being signed before the end of the year.

The $9.3-billion framework agreement for six nuclear reactors was signed during a visit to India in 2010 by then president Nicolas Sarkozy.

But the project has since run into stiff opposition from environmentalists concerned about seismic activity in the area and fears about the safety of nuclear power in the wake of the Fukushima nuclear disaster in Japan.

Earlier in the day, Macron talked about his personal rapport with Modi which was established after their meeting in Paris last year.

"I think we have very good chemistry, our two great democracies have a historic relationship", the French president said.

Modi broke protocol to receive Macron at the airport, exchanging warm hugs and robust handshakes.

"You welcomed me in Paris last year with an open heart and a lot of warmth. I am happy that I have got an opportunity to welcome you in India", Modi said at the start of his speech Saturday.

On Sunday, Macron will attend a solar power summit designed to showcase India and France's commitment to fighting climate change, which both leaders have made a priority.

Travelling with his wife Brigitte, France's 40-year-old president will also visit the monument to love, the Taj Mahal, a few hours drive from the Indian capital on Sunday.

On Monday, he heads to the chaotic Hindu holy city of Varanasi on the banks of the river Ganges, which the Indian premier has promised to modernise and clean up.

Macron's visit comes after a somewhat misstep-laden visit to India by Canadian prime minister Justin Trudeau.

Both he and Macron are often compared internationally because of their broadly similar political views, as well as youth and good looks.

But Trudeau's visit hit a series of embarrassing bumps and he received a fairly cool reception during his stay in India.

Trudeau was pilloried on social media and in the Canadian press for donning traditional Indian clothing at every opportunity.

And there were red faces when it emerged a former Sikh militant was invited to a dinner with him in Mumbai.

Macron has so far opted for more sober and predictable dress -- a dark suit.

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News Network
January 7,2020

New Delhi, Jan 7: The Delhi Police has filed an FIR against JNUSU president Aishe Ghosh and 19 others for allegedly attacking security guards and vandalising the server room of the Jawaharlal Nehru University (JNU) on January 4.

The police registered the FIR on January 5.

In the complaint filed by the JNU administration, the University alleged that the accused were involved in physical violence and pushed the women guards, verbally abused them and threatened them of dire consequences if they opened the lock of university's communication and information (CIS) office.

"They illegally trespassed the University property with the criminal intention to damage the public property. They damaged servers and made it dysfunctional. They also damaged fiber optic power supplies and broke the biometric systems inside the room," the University officials alleged.

This incident allegedly occurred a day before Aishe Ghosh, other JNU students and teachers were attacked by a masked mob inside the campus.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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Agencies
August 5,2020

Ayodhya,  Aug 5: The Saryu Ghat was seen decorated ahead of the foundation stone-laying ceremony of the Ram Temple in Ayodhya on Wednesday.

In wake of the COVID-19 pandemic, sanitisation work was also done at the Hanuman Garhi temple in the morning ahead of the Prime Minister's visit. Strict security and COVID-19 protocols will be followed at the temple.

Prime Minister Modi will perform 'pooja' at Hanuman Garhi and Shree Ramlala Virajman before performing 'bhoomi pujan' of the Ram Temple in Ayodhya, the Prime Minister's Office (PMO) had informed on Tuesday.

He will unveil a plaque to mark the laying of the foundation stone and also release a commemorative postage stamp on 'Shree Ram Janmabhoomi Mandir'.

Around 175 eminent guests have been invited for the ‘bhoomi pujan’ of the Ram Janmbhoomi Mandir. Besides Prime Minister Modi, RSS chief Mohan Bhagwat, Mahant Nritya Gopaldas Maharaj, Uttar Pradesh Governor Anandiben Patel and Uttar Pradesh Chief Minister Yogi Adityanath will be present on stage.

"175 eminent guests have been invited for the ‘bhoomi pujan’ of Shri Ram Janmbhoomi Mandir. 135 Pujya Sants belonging to 135 spiritual traditions will be present in the programme. Some eminent citizens of Ayodhya have also been invited," as per Shri Ram Janmbhoomi Teerth Kshetra.

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