Rise of India is opening new opportunities: Prez Kovind

Agencies
October 4, 2017

Djibouti City, Oct 4: The rise of India is opening new opportunities for collaborations and the Indian diaspora has an important role in building bridges between India and the world, President Ram Nath Kovind has said.

Addressing the Indian community here yesterday, President Kovind, who is the first Indian leader to visit Djibouti, spoke about India's high growth trajectory and said it is opening new opportunities for collaboration.

"The rise of India is opening new opportunities for collaboration. Our diaspora has an important role in building bridges between India and the world," he said.

Kovind, who arrived here yesterday on the first leg of his four-day visit to Djibouti and Ethiopia, his maiden trip abroad since taking office, asked the Indian diaspora not to leave their roots.

"We should not ignore or isolate our roots, no matter where we stay," he said.

He said it's a great honour for him to be the first Indian president to visit the African country.

"This is no coincidence but a conscious decision. Our relations with beautiful continent of Africa are special in our hearts," he said.

"Ocean that connects us may be Indian in name, but belongs to all of us. Let it bind us together, as it had centuries ago," he said.

The president also thanked Djibouti for helping India in evacuating Indians from Yemen in 2015.

"Operation Rahat that we carried out from Djibouti spotlights our unflinching commitment to our people abroad," he said.

Operation Rahat, the name given to the evacuation process in Yemen, was orchestrated from the African nation of Djibouti, which lies on the other side of the Gulf of Aden from Yemen.

The camp office in Djibouti, a country neighbouring Yemen and across the Red Sea, was set up to ensure smooth implementation of Operation Raahat.

The evacuees were taken to Djibouti from where they were brought back to India in Indian Air Force (IAF) aircraft.

During his visit to the two African nations, the president is expected to sign agreements on the institutionalisation of foreign office consultation and greater economic cooperation with Ethiopia.

India's bilateral trade with Djibouti stands at USD 284 million in 2016-17.

India has extended a line of credit of USD 49 million to Djibouti, mainly for constructing a cement plant.

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News Network
March 5,2020

New Delhi, Mar 5: Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 per cent for the current financial year, said Labour Minister Santosh Gangwar on Thursday.

The EPFO had provided 8.65 per cent rate of interest on EPF for 2018-19 to its around six crore subscribers. The decision was taken at a meeting of the the Employees' Provident Fund Organisation's (EPFO) apex decision making body -- the Central Board of Trustee.

"The EPFO has decided to provide 8.5 per cent interest rate on EPF deposits for 2019-20 in the Central Board of Trustees (CBT) meeting today," Gangwar told reporters after the meeting here.

Now, the labour ministry requires the finance ministry's concurrence on the matter. Since the Government of India is the guarantor, the finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.

The finance ministry has been nudging the labour ministry for aligning the EPF interest rate with other small saving schemes run by the government like the public provident fund and post office saving schemes.

The EPFO had provided 8.65 per cent rate of interest to its subscribers for 2016-17 and 8.55 per cent in 2017-18. The rate of interest was slightly higher at 8.8 per cent in 2015-16.

It had given 8.75 per cent rate of interest in 2013-14 as well as 2014-15, higher than 8.5 per cent for 2012-13.

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News Network
January 21,2020

Lucknow, Jan 21: Defending his brainchild, the Citizenship Amendment Act (CAA), Union home minister Amit Shah on Tuesday said the new law will not be scrapped despite the countrywide protests against it.

Addressing a rally here to drum up support for the CAA, Shah also declared that construction of a Ram temple "touching the skies" in Ayodhya will begin within three months.

He said there is no provision in the amended law for taking anyone's citizenship away. "A canard is being spread against the CAA by the Congress, SP, BSP, and Trinamool Congress. The CAA is a law to grant citizenship," he added.

"I want to say that irrespective of the protests this will not be withdrawn," he added.

Shah challenged Congress leaders to hold a discussion with him on CAA at a public forum.

He named Congress leader Rahul Gandhi, Samajwadi Party's Akhilesh Yadav, Bahujan Samaj Party's Mayawati and TMC chief Mamata Banerjee while throwing the "challenge".

Congress has become blind due to vote bank politics,"he said. He also blamed the Congress for Partition.

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News Network
June 22,2020

New Delhi, Jun 22: With an increase of 14,821 new cases and 445 deaths, India's COVID-19 count reached 4,25,282 on Monday.

According to the latest update by the Union Ministry of Health and Family Welfare (MoHFW), 13,699 deaths have been recorded due to the infection so far in the country.

The rise in confirmed cases today is lower than the highest spike of 15 thousand plus cases registered on Sunday.

The count includes 1,74,387 active cases, and 2,37,196 cured/discharged/migrated patients.

Maharashtra with 1,32,075 confirmed cases remains the worst-affected by the infection so far in the country. The state's count includes 60,161 active, 65,744 cured, discharged patients while 6,170 deaths have been reported due to the infection so far.

Meanwhile, the national capital today became the second-worst affected region in the country with the number of confirmed cases in Delhi reaching 59,746 as opposed to Tamil Nadu's 59,377 cases.

While 2,175 deaths have been reported in Delhi due to the infection so far, the toll in Tamil Nadu stands at 757.

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