Sri Lanka can be India's strongest economic partner: Modi

March 13, 2015

Colombo, March 13: Prime Minister Narendra Modi on Friday said Sri Lanka has the potential to be India's strongest economic partner and it will have the first claim on India in its economic development.Modi Sirisena

Addressing the Sri Lankan parliament, Modi said: "My vision of an ideal neighbourhood is one in which trade, investment and technology flow easily across the border, where partnerships are formed with ease of routine."

India, Modi pointed out, was one the fastest growing major economies.

He said neighbours should have the first claim on India.

"I will be happy if India serves as a catalyst in the progress of our neighbours." He quickly added to loud thumping of desks by the MPs: "First claim (among) neighbours will be Sri Lanka."

Modi said Sri Lanka had the potential to be the strongest economic partner of India and assured that New Delhi would work to address various concerns to boost trade and make it more balanced.

He spoke of harnessing the potential of the Indian Ocean and increasing cooperation in South Asia and boosting connectivity.

He promised India's commitment to development partnership with Sri Lanka.

"We see it as the responsibility of a friend and a neighbour," he said, and added that India had committed $1.6 billion to Sri Lanka and today had committed $318 million to the railway sector.

In a tacit reference to devolving more powers to Tamil-majority Northern province, Modi said all countries in South Asia have to deal with the "issues of identities and inclusion, of rights and claims, of dignity and opportunity for different sections of our societies".

He said such issues have sometimes had tragic consequences in brutal terrorism and violence. But there have also been successful examples of peaceful settlements.

"Each of us has sought to address these complex issues in our own ways. However, we choose to reconcile them.

"To me something is obvious: Diversity can be a source of strength for nations," he said.

The Indian leader said a country became stronger when the aspirations of all its sections were accommodated.

"And when we empower states, districts and villages, we make our country stronger. You can call this my bias," he said, and added that he was a firm believer in cooperative federalism.

He said Sri Lanka had successfully defeated terrorism and brought the conflict to an end.

"You now stand at a moment of historic opportunity to win the hearts and heal the wounds across all sections of society," he said.

He referred to the Sri Lankan presidential election of January which led to the defeat of long-time president Mahinda Rajapaksa and catapulted Maithripala Sirisena to power.

The Sri Lankan elections were a reflection of the "collective voice of the nation - the hope for change, reconciliation and unity", he said.

"I am confident of a future of Sri Lanka, defined by unity and integrity; peace and harmony; and opportunity and dignity for everyone.

"I believe in Sri Lanka's ability to achieve it. It is rooted in our common civilizational heritage. The path ahead is a choice that Sri Lanka has to make.

"It is a collective responsibility of all sections of the society; and, of all political streams in the country. But I can assure you this: For India, the unity and integrity of Sri Lanka are paramount," he said.

Modi pushed for an ambitious Comprehensive Economic Partnership Agreement and said India can be a natural source of investment.

He said both can work together to harness the vast potential of the Ocean Economy and take the lead in increasing cooperation in South Asia.

"The security of our two countries is indivisible. Equally, our shared responsibility for our maritime neighbourhood is clear.

"India and Sri Lanka are too close to look away from each other. Nor can we be insulated from one another," he said.

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News Network
June 13,2020

Visakhapatnam, Jun 13: A four-month-old baby who was on ventilator treatment for 18 days for COVID-19 was on Friday evening discharged from hospital after testing negative.

"A tribal woman of East Godavari named Laxmi was infected with COVID-19 in May, later the doctors confirmed that her four-month-old baby was also infected," said District Collector, Vinay Chand.

"The baby was shifted to Visakhapatnam VIMS hospital on May 25. She was treated for 18 days on a ventilator. Doctors again conducted baby's COVID-19 test recently, following which the reports came negative. After a health check-up, VIMS doctors discharged the baby on Friday evening," he added.

Meanwhile, 14 new COVID-19 positive cases have been reported in Visakhapatnam district on Friday, taking the total number of cases to 252 including one fatality due to the virus.

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

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JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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News Network
June 8,2020

Panaji (Goa)/Bhopal (Madhya Pradesh), Bengaluru(Karnataka)/New Delhi [India], June 8 (ANI): With the government allowing the re-opening of restaurants and eateries from Monday, these establishments re-opened across several states on Monday including in Goa, Madhya Pradesh and Delhi, with necessary precautions in place amid COVID-19 crisis.

Restaurants reopened in Panaji today after relaxations in lockdown.

Speaking to ANI, Goa Hotel and Restaurant Association President, Gaurish Dhond said, "We expect that not more than 25 per cent of restaurants will reopen because our labour force is dependent upon migrant workers who have gone to their homes".

"Every guest will be checked with a thermal gun, we will provide them with a sanitizer and a digital menu most probably. We would like to request our customers to pay online. Residential hotels are also allowed to operate and guidelines have been issued for them," he added.

Bars are not allowed to operate, he added.

While religious places across the country were thrown open today, worship places continued to remain closed in Goa till June 30.

In Bhopal restaurants opened but with fewer customers venturing to eat outside.

Speaking to ANI, C Kumaran, Manager, India Coffee House, New Market said, "We will conduct a temperature check for customers at the entry point. Then the customers will have to wash and sanitize their hands only then they will be allowed to sit inside. Only two persons will be allowed to sit on a four-seat table."

"This restaurant has a seating capacity of around 120 persons which has now been reduced to 50. Even in the kitchen, staff capacity has been reduced to 50 per cent," he added.

Meanwhile, malls re-opened in Bengaluru today, people along with staff members were allowed to enter inside Garuda Mall while maintaining social distancing.

"As per government norms, we are following all the preventive measures. Staff and other people are being sanitized and then only allowed inside the mall. The mall has been deep cleaned. People entering the mall should have Aarogya Setu App installed in their mobile phones if not, they will be sent back," said John Joseph, Manager, Garuda Mall.

Restaurants re-opened in the national capital as Delhi CM Arvind Kejriwal announced yesterday that all restaurants and malls are allowed to resume operations from today.

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