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
March 5,2020

Lucknow, Mar 5: Uttar Pradesh chief minister Yogi Adityanath said last night that the role of teachers would come under the scanner when "anti-India" slogans are raised at universities and institutions of higher education.

"When anti-India slogans are raised at institutions of higher education, we should be prepared to ask why this type of distortion occurrs among our students?" he said at a programme organised by the Basic Shiksha Parishad in Lucknow.

"We begin our work with pledge for the country's unity and integrity and today slogans are raised for the division of the nation. In such a situation, questions are raised over the role of teachers who are considered equal to god in society," he said.

"Who all are involved in this sin and chaos? Governments can provide resources, but the one who has given them basic education, who has given them secondary education and who has led them to that place, all of them should evaluate their actions today," the chief minister said.

Speaking about the condition of education in the state when his government came to power three years ago, he said there was an atmosphere of chaos and anarchy in the state and the condition of basic education was very bad.

"The worst problem was that of proxy teachers. Our government started the process of prohibiting proxy teachers in the first phase," he said.

Adityanath said that a teacher is not just a government servant, but the fate of the nation. He said teachers should learn from Chanakya.

Had Chanakya confined himself to Nalanda University, he would not have been able to make India a superpower of the world during that period. Teachers will have to prepare themselves according to the challenges and need of society, he added.

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News Network
May 7,2020

New Delhi, May 7: Food ordering and delivery platform Swiggy on Thursday said its co-founder and CTO Rahul Jaimini will move away from active role in the company during the month to pursue another entrepreneurial venture.

Jaimini will be joining Pesto Tech, a career accelerator start-up, as their co-founder, Swiggy said in a statement.

He will continue to be a shareholder and board member of Swiggy, it added.

Functions currently led by Rahul, including platform engineering, analytics, IT and labs, will be realigned to Dale Vaz, Head of Engineering and Data Science, who has been with the company for close to two years, the statement said.

"Technology was crucial to what we set out to build when we started Swiggy. Nandan (Reddy) and I could not have asked for a better partner to handle this aspect of the company," Swiggy co-founder and CEO Sriharsha Majety said.

It was Rahul's immense passion to 'build for the billions' that drove technological innovations that set Swiggy apart as we grew phenomenally over the years, he added.

"Working with technology that has large scale impact is what excites me, and I am grateful to have had the opportunity to do just this at Swiggy and grow tremendously over the years," Jaimini said.

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News Network
May 15,2020

New Delhi, May 15: The World Bank on Friday approved $1 billion 'Accelerating India's COVID-19 Social Protection Response Program' to support the country's efforts for providing social assistance to the poor and vulnerable households, severely impacted by the pandemic.

This takes the total commitment from the World Bank towards emergency COVID-19 response in India to $2 billion.

A $1 billion support was announced last month to support India's health sector.

The response to the COVID-19 pandemic around the world has required governments around the world to introduce social distancing and lockdowns in unprecedented ways, said Junaid Ahmad, World Bank Country Director in India in a webinar interaction with the media.

These measures, intended to contain the spread of the virus have, however, impacted economies and jobs – especially in the informal sector. India with the world's largest lockdown has not been an exception to this trend, he said.

Of the $1 billion commitment, $550 million will be financed by a credit from the International Development Association (IDA) – the World Bank's concessionary lending arm and $200 million will be a loan from the International Bank for Reconstruction and Development (IBRD), with a final maturity of 18.5 years including a grace period of five years.

The remaining USD 250 million will be made available after June 30, 2020.

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