Swamy links Sonia with chopper deal, Cong forces adjournments

April 27, 2016

New Delhi, Apr 27: Angry exchanges between opposition Congress and ruling BJP members over Subramaniam Swamy seeking to drag Sonia Gandhi's name in the controversial AgustaWestland helicopter contract bribery case led to two adjournments of the Rajya Sabha in the pre-noon session.

SwamyHowever, Gandhi's name was later expunged by Deputy Chairman P J Kurien.

Swamy had raised the issue through a zero hour notice, his first intervention since he took oath in the House yesterday, and referred to the allegations made by Christian Micheal, the middleman in the scandal, through a letter in the High Court of Italy.

The naming of Gandhi led the Congress members to angrily storm into the Well, with a handful even moving closer to the treasury benches menacingly. Members of the treasury benches too got up on their seats to counter the opposition.

Fearing an ugly showdown, a couple of marshalls too stepped into the Well to act as a wall between the opposition and the ruling side.

Before things got out of hand, Deputy Chairman P J Kurien adjourned the House for 10 minutes.

When the House reassembled, Kurien expunged Swamy's reference to Gandhi saying he should not name a member who cannot come and defend himself or herself.

"I am not admonishing you as this is your first speech in the House" after being nominated to the Upper House. "But the name is expunged," Kurien said.

This did not satisfy the Congress members who were in the Well again shouting slogans against Swamy.

Kurien said though it was Swamy's first day today after being nominated to the Rajya Sabha, "you have been member of this House before and you should know that the name of a member of the other House cannot be taken here".

As Congress members continued to raise slogans from the Well, the Deputy Chairman again adjourned the House till noon.

During the 10 minute break, Swamy was surrounded by BJP members, seemingly complimenting him for provoking an angry reaction from Congress.

Defence Minister Manohar Parrikar walked up to him and was seen exchanging notes with Swamy. HRD Minister Smriti Irani too walked up and complimented him.

Few Congress leaders including Anand Sharma and Leader of the House and Finance Minister Arun Jaitley walked into the Chairman's chamber during the break.

Just before the House reassembled, Minister of State for Parliamentary Affairs Mukhtar Abbas Naqvi took Swamy aside, apparently to give him some advice.

After the second adjournment, Jaitley took Swamy with him for a chat on the issue.

Earlier Jaitley, while responding to Leader of Opposition Ghulam Nabi Azad's question, said the reports about a meeting between Prime Minister Narendra Modi and his Italian counterpart were "false and untrue in entirety."

"No such meeting at all has been held," he said debunking a media report of Modi offering to free Italian marines in exchange of information on Gandhi family.

He said the principal issue was that there were allegation of bribe being paid to secure the defence deal. "The bribe giver has been convicted and now bribe taker has to be identified," he said adding written admission by the alleged middle man has to be examined.

"Investigation is underway," he said.

Earlier, Azad quoted media reports to ask the government if the Prime Minister had during a meeting with his Italian counterpart in September last year offered to free two Italian marines in exchange of information on Gandhi family in the controversial chopper deal.

"Pronouncement of judgment (on the chopper deal) has come and now NDA government is now allowing Italian marines to return home. So the deal is struck," he said.

Azad said the Congress-led UPA government had in 2013 cancelled the deal when wrong-doings were reported and had directed the CBI and ED to investigate corruption charges.

Also, the then Government had encashed bank guarantee and got back advance money paid. Besides, three helicopters received as part of the deal were not returned, he said.

The VVIP chopper deal relates to a 2010 decision of the UPA government to buy 12 helicopters from Italian manufacturer, Finmeccanica. But reports later said the Italian company had paid a bribe of up to Rs 3,565 crore to swing the deal.

Though the Italian company was blacklisted by UPA, it was part of Modi government's 'Make in India' drive, the Congress leader alleged.

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Fair talker
 - 
Wednesday, 27 Apr 2016

Swamy( Asamy) is receiving Wahee from the shaitan.

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News Network
February 21,2020

Washington, Feb 21: Days ahead of his India visit, US President Donald Trump on Thursday said the two countries could make a "tremendous" trade deal.

"We're going to India, and we may make a tremendous deal there," Trump said in his commencement address at the Hope for Prisoners Graduation Ceremony in Las Vegas.

Trump, accompanied by First Lady Melania Trump, is scheduled to travel to Ahmedabad, Agra and New Delhi on February 24 and 25.

Ahead of the visit, there have been talks about India and the United States agreeing on a trade package as a precursor to a major trade deal.

During his commencement address, Trump indicated that the talks on this might slowdown if he did not get a good deal.

"Maybe we'll slow down. We'll do it after the election. I think that could happen too. So, we'll see what happens," he said.

"But we're only making deals if they're good deals because we're putting America first. Whether people like it or not, we're putting America first," Trump said.

Bilateral India-US trade in goods and services is about three per cent of the US' world trade.

In a recent report, the Congressional Research Service (CRS) said the trading relationship is more consequential for India -- in 2018 the United States was its second largest goods export market (16.0 per cent share) after the European Union (EU, 17.8 per cent), and third largest goods import supplier (6.3 per cent) after China (14.6 per cent) and the EU 28 (10.2 per cent).

"The Trump Administration takes issue with the US trade deficit with India, and has criticised India for a range of 'unfair' trading practices," the CRS said.

"Indian Prime Minister Modi's first term fell short of many observers' expectations, as India did not move forward with anticipated market opening reforms, and instead increased tariffs and trade restrictions," it said.

"Modi's strong electoral mandate may embolden the Indian government to press ahead with its reform agenda with greater vigour. Slowing economic growth in India raises concerns about its business environment," CRS said.

As per a fact sheet issued by the Council on Foreign Relations (CFR), trade in goods and services between the two countries from 1999 to 2018 surged from $16 billion to $142 billion.

India is now the United States' eighth-largest trading partner in goods and services and is among the world's largest economies.

India's trade with the United States now resembles, in terms of volume, the US' trade with South Korea ($167 billion in 2018) or France ($129 billion), said Alyssa Ayres from CFR.

"The United States for two years now has set out in stone pretty clearly the things that they wanted to see to try to get an agreement, and it's basically then on India's doorstep on whether they want to take those steps," Rick Rossow, Wadhwani Chair in US-India Policy Studies at the Center for Strategic and International Studies think-tank told reporters during a conference call.

"The list of US asks has been pretty static all throughout. Not to say that any of these things are easy for India to do, but the United States to my knowledge didn't change the goalposts just because we now consider India to be a middle-income country. The things that we wanted to see happen to get this trade agreement have been pretty static all throughout, no matter how difficult they are," he said in response to a question.

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News Networkwork
May 14,2020

Bengaluru, May 14: ABB India has posted a profit after tax of Rs 66 crore during the first quarter (January to March) due to lower volumes including service revenue and unfavourable mix.

In Q1 CY19, it had reported a profit after tax of Rs 89 crore. ABB India follows calendar year as its fiscal year.

The company reported a profit including exceptional items and before tax of Rs 87 crore. The resultant under-absorption and mark-to-market impact due to forex volatility were partly offset by refund incomes and a one-time gain on sale of solar business during the quarter.

Revenues for the first quarter stood at Rs 1,522 crore, impacted by lower sales, non-receipt of delivery clearance, lower service revenue in the nationwide lockdown due to the COVID-19 pandemic. This impact primarily occurred in March, the company said in a statement.

ABB India said it continues to maintain a stable cash position of Rs 1,464 crore as on March 31 in a market where cash collection continues to be a challenge.

Besides, despite many activities coming to a standstill in March, the quarter was marked by commissioning for a mining major at Raigarh in Chhattisgarh, electrical and automation systems for a cement major and port and electrics, drives and automation for a leading mill in Bangladesh.

Terminal installation and commissioning for LPG, power management electrical control system for a leading refinery and commissioning of two units of a power plant in Kerala are some of the other projects where ABB's involvement ensured continuity and safe operations, it said.

On a global scale, the impact of COVID-19, as well as the fall in oil prices, has significantly impacted the short-term outlook. The global economy is expected to contract in 2020 after a rapid deterioration in outlook driven by the pandemic.

Despite unprecedented stimuli by governments and central banks around the world and initial signs of recovering economic activity in China, macro-indicators point to a global recession of uncertain duration as many countries continue to face restrictions with anticipated long-term economic consequences, said ABB India.

While the company is taking prompt action to adapt its operations and cost base to safeguard profitability, it expects the results in the coming quarter to be impacted due to the loss of volumes.

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News Network
May 13,2020

Lucknow , May 13: Samajwadi Party chief Akhilesh Yadav on Wednesday took a jibe at Prime Minister Narendra Modi over announcing Rs 20 lakh crore special economic package to boost the economy saying that the Centre is again making "false promises to 133 crore Indians".

"Earlier, you promised Rs 15 lakh and now Rs 20 lakh crore. You have made false promises 133 times with 133 crore Indians. How can someone trust you this time? People now are not asking how many zeroes there are but how many false promises have been made," he tweeted (translated from Hindi).

Yesterday, Prime Minister Narendra Modi had announced a Rs 20 lakh crore economic stimulus package for the country fighting COVID-19, stating that it will give a new impetus and a new direction to the self-reliant India campaign.

The Prime Minister had also announced that the fourth phase of lockdown will be completely redesigned with new rules and will commence from May 18.

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