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In PM's Meet With Japan's Shinzo Abe Today, Regional Security On Agenda

Agencies
October 28, 2018

Tokyo, Oct 28: Prime Minister Narendra Modi on Saturday said his meeting with Japanese counterpart Shinzo Abe will add new vigour to the strong friendship between the two countries as he arrived in Tokyo to attend the 13th India-Japan annual summit.

The two-day summit beginning today will seek to review the progress in ties and deepen strategic dimension of the bilateral relationship.

"PM Narendra Modi arrives in Tokyo to a warm welcome for his 5th Annual Summit with Abe Shinzo. Japan is one of the few countries that India has this mechanism of annual summits, reflecting the extraordinary depth of our engagement," External Affairs Ministry Spokesperson Raveesh Kumar tweeted.

"Landed in Tokyo. I am confident this visit will add new vigour to the strong friendship between India and Japan," PM Modi said in a tweet.

In a statement on Friday, before leaving for Japan, PM Modi described India and Japan as a "winning combination" and said the island nation was New Delhi's most trusted partner in its economic and technological modernisation.

PM Modi said it will be his 12th meeting with Mr Abe since he first visited Japan as prime minister in September 2014.

During the summit, PM Modi will engage with Abe on a range of issues including defence and regional security.

Mr Abe will host PM Modi at his holiday home in the picturesque Yamanashi prefecture for a private dinner today following which both the leaders will travel to Tokyo by train.

Yamanashi, around 110 km from Tokyo, is surrounded by several mountains including Mount Fuji - the country's tallest peak at around 3,776 metres.

On Sunday afternoon, Prime Minister Modi will join his Japanese counterpart for an informal lunch at a hotel. The two leaders will then visit a company which is a leading manufacturer of factory automation.

 Besides bilateral issues, the two leaders are expected to deliberate on a range of regional and global issues including the situation in the Indo-Pacific region.

It is said the prime minister's visit will reaffirm the traditional bonds of friendship between the two countries and strengthen their multi-faceted cooperation in diverse fields.

India is also hoping to have some kind of synergy or integration between PM Modi's Ayushman Bharat scheme, which is the largest medicare programme of its kind globally, and the Japanese programme which is called Asia Health and Wellbeing Initiative.

Prime Minister in his statement said projects such as Mumbai-Ahmedabad High Speed Rail and Dedicated Freight Corridors reflected the high level and "strength of our economic engagement".

"Japan is also at the forefront of engaging in our national initiatives, such as 'Make in India', 'Skill India', 'Digital India', 'Start Up India'... Japanese investors have faith in India's economic future, which is marked with myriad opportunities," PM Modi said.

PM Modi will also address the Indian community function in Tokyo and will attend a series of business events and address the business forum.

Comments

justman
 - 
Sunday, 28 Oct 2018

Thirgla maga thirgla.

Kuda vante dina uppunu.

 

Bokka, Gujaratla ijji, delhi la ijji.

 

R 9r m dk

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News Network
June 15,2020

New Delhi, Jun 15: A total of 1,15,519 samples of COVID-19 have been tested in the last 24 hours taking the total samples tested to 57,74,133 in the country, the Indian Council of Medical Research (ICMR) said.

"Total sample tested 57,74,133 and samples tested in the last 24 hours is 1,15,519," said ICMR.

With an increase of 11,502 cases in the past 24 hours, the COVID-19 count in India reached 3,32,424 on Monday, according to the Union Health and Family Welfare Ministry.

The COVID-19 count includes 1,53,106 active cases while 1,69,798 patients have been cured and discharged or migrated so far, and the toll due to COVID-19 has now reached 9,520.

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News Network
January 6,2020

Aboard Air Force One, Jan 6: US President Donald Trump threatened sanctions against Baghdad on Sunday after Iraq's parliament called on US troops to leave the country, and the president said if troops did leave, Baghdad would have to pay Washington for the cost of the air base there.

"We have a very extraordinarily expensive air base that's there. It cost billions of dollars to build, long before my time. We're not leaving unless they pay us back for it," Trump told reporters on Air Force One.

Trump said that if Iraq asked US forces to leave and it was not done on a friendly basis, "we will charge them sanctions like they've never seen before ever. It'll make Iranian sanctions look somewhat tame."

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Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

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