Tillerson's speech set tone of India-US bilateral ties for 100 yrs: official

Agencies
October 19, 2017

Washington, Oct 19: Secretary of State Rex Tillerson in his first major India-policy speech set the tone of bilateral relationship between India and the US for 100 years, a State Department official said, observing that the talk had many audiences, including China.

"China's obviously an audience of the speech. But this is a speech, obviously, which we hope all countries in the Indo- Pacific region will take to heart, that the Secretary and the President has placed a priority," a State Department official told reporters.

He was speaking after Tillerson described India as an opportunity for the US.

"It's a speech that was designed for many audiences," the official said.

Noting that a free and open Indo-Pacific is a priority for both the President and the Secretary of State, the official said, because India is one of the anchors of an Indo-Pacific strategy, the Trump Administration wants to devote a lot of time to this country.

Tillerson is travelling to India next week. President Donald Trump is scheduled to travel to Japan, South Korea, China, Vietnam and Philippines next month.

"So that's the reason for the speech today; there are many audiences for this. But we really view this as a speech with a global audience," the official said.

The speech on US-India relations for the next hundred years to implement President Trump's new strategy for South Asia is culmination of several months of deliberation within the national security cabinet on the best approach to address challenges in South Asia and on the opportunities.

"The Trump Administration considers India as an opportunity and he wanted to present extended remarks and reflections on many ways that US can deepen its ties with India for the next hundred years, and how it is a critical component to a free and open Indo-Pacific," the official said.

"There is a lot of bilateral benefits that follow deepening economic, cultural, diplomatic, and security ties with India. But there are a range of benefits that also follow for the region, the Indo-Pacific region," the State Department official said.

China has risen alongside India, but China has done so less responsibly and China has undermined the international rules-based order while countries like India operate within this rules-based order, the official said.

"We obviously want constructive relations with China. The Secretary is in regular contact with Chinese leadership. But we are not going to shrink or ignore China's challenges to the rules-based order, or where China subverts the sovereignty of neighboring countries," the official said.

"What we like is for many decades, the US has supported China's rise, we have also supported India's rise, but those two countries have risen very differently," the official said.

As Tillerson said about the shared values, shared security, shared national security interests, shared economies, shared democracies, this is a great friendship that US wants to expand and deepen on all areas.

The official argued that there are good reasons bilaterally for the US and India to deepen its ties, but there are opportunities to grow the connectivity in the region.

Referring to the India-US and Japan tri-lateral in New York last month, the official said Japan is very supportive of a free and open Indo-Pacific.

"I've had many consultations with the Japanese about this. We have also talked with the Australians, and we envision a quadrilateral sort of -- an anchoring - the Indo- Pacific anchored by these four countries of Australia, the US, India, and Japan, he said.

While the speech was mostly about India, the subtitle of the speech was "The Foundations of a Free and Open Indo- Pacific."

"So that's what he talked about, including financing mechanisms, and he did talk about some of the predatory economics that we see in the area, and you have countries that are looking for better financing mechanisms and better partners, and we believe that countries like the US and India are those partners," the official said.

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News Network
January 31,2020

New Delhi, Jan 31: Nirbhaya's mother Asha Devi on Friday said she will continue her fight till the convicts in the 2012 gangrape and murder case are hanged, shortly after a Delhi court postponed the execution of death warrants till further order.

Devi told reporters her "hopes are dashed" but she will continue her fight.

"These convicts have no right to live. We keep getting disappointed by the system. I will continue my fight till the convicts are hanged," she said.

A Delhi court postponed the execution of death warrants of the four convicts in the Nirbhaya gangrape and murder case till further order.

Additional sessions judge Dharmender Rana passed the order on a plea by the convicts seeking a stay on their execution on Saturday, February 1.

Devi said because of the loopholes in law the "criminals' lawyers had the audacity to challenge me in court that they will not be hanged".

The black warrants for execution of the death sentence against Pawan Gupta, Vinay Kumar Sharma, Akshay Kumar and Mukesh Kumar Singh, were issued on January 17.

A 23-year-old physiotherapy intern who came to be known as "Nirbhaya" (the fearless one) was gangraped and savagely assaulted on the night of December 16, 2012, in a moving bus in South Delhi. She died of her injuries a fortnight later in a Singapore hospital.

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News Network
March 10,2020

Mar 10: Indian energy tycoon Mukesh Ambani is no longer Asia’s richest man, relinquishing the title to Jack Ma after oil prices collapsed along with global stocks.

The rout, exacerbated by mounting fears that the spread of the novel coronavirus will thrust the world into a recession, erased $5.8 billion from Ambani’s net worth on Monday and pushed him to No. 2 on the list of Asia’s richest people, according to the Bloomberg Billionaires Index. Ma, the Alibaba Group Holding Ltd. founder who relinquished the No. 1 ranking in mid-2018, is back on top with a $44.5 billion fortune, about $2.6 billion more than Ambani.

Oil plunged the most in 29 years on Monday as Saudi Arabia and Russia vowed to pump more in a struggle for market share. The slump comes just as the coronavirus is spurring the first decline in demand in more than a decade. That raises questions about whether Ambani’s flagship Reliance Industries Ltd. will be able to cut net debt to zero by early 2021, as he has pledged. The plan hinges on a proposal to sell a stake in the group’s oil and petrochemicals division to Saudi Arabian Oil Co., the world’s biggest crude producer.

While the coronavirus has curtailed some of tech giant Alibaba’s businesses, the damage has been mitigated by increased demand for its cloud computing services and mobile apps.

Reliance Industries, by comparison, has no such silver lining. The Indian conglomerate’s shares plunged 12% on Monday, the most since 2009, extending this year’s decline to 26%. Alibaba’s American depositary receipts have slipped 6.8% so far in 2020.

Ma reclaims crown after Reliance shares were pummeled in 2020.

Few of the world’s billionaires fared well in Monday’s collapse as the S&P 500 Index and Dow Jones Industrial Average each plunged more than 7.5%, the most since the 2008 financial crisis, threatening to end the longest bull market in history. But no one did worse than those whose fortunes are underpinned by oil. Wildcatter Harold Hamm’s fortune was cut almost in half to $2.4 billion and fellow oil magnate Jeff Hildebrand lost $3 billion, bumping both from Bloomberg’s 500-member wealth ranking.

In a pivot toward new businesses such as telecommunications, technology and retail, Ambani’s Reliance Industries has piled on billions of dollars of debt over the years.

It spent almost $50 billion -- most of it funded by borrowings -- to build Reliance Jio Infocomm Ltd., which became India’s No. 1 wireless carrier within about three years of its debut. As the mobile venture took off, Ambani also unveiled plans for an e-commerce empire to rival Amazon.com Inc. in India.

Addressing concerns over the liabilities, Ambani pledged in August to cut the group’s net debt to zero from about $21 billion as of last March. The Aramco deal is crucial to that plan for which Reliance Industries has valued its oil-to-chemicals division at $75 billion including debt, implying a $15 billion valuation for the 20% stake that’s for sale.

Signs of a potential delay to that deal unnerved some investors, hammering the stock since it touched a record high on Dec. 19.

Reliance Industries expected the Aramco transaction to be completed by March, but people familiar with the matter said in February that talks were still ongoing to bridge differences between the two parties over the deal’s structure.

Adding to the uncertainty, Indian Prime Minister Narendra Modi’s administration has petitioned a court to halt the proposed stake sale, threatening a key source of funds needed to pare net debt.

But Ambani, 62, may soon bounce back from the setback, said Harish H.V., managing partner at ECube Investment Advisors in Bengaluru, India.

“The game isn’t over,” he said. “Ambani has successfully built a robust business model which would keep him in the game. Moreover, his telecom business will start yielding results in coming years.”

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SmR
 - 
Tuesday, 10 Mar 2020

The curses of the bank depositors savings which vanished with collapsing economy and fraudlent seems to have gradully affecting riches of Ambani's.

 

AU
 - 
Tuesday, 10 Mar 2020

in Holy Quran Allah says; but they plan and Allah plans, and Allah is the best planners..(Surah Al Anfal 8:30)

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News Network
January 22,2020

New Delhi, Jan 22: Defence Minister Rajnath Singh on Wednesday said Indian values consider all religions equal, and that is why the country is secular and never became a theocratic state like Pakistan.

Speaking at the NCC Republic Day Camp in Delhi, Singh said: "We (India) said we would not discriminate among religions. Why did we do that? Our neighbouring country has declared that their state has a religion. They have declared themselves a theocratic state. We didn't declare so."

"Even America is a theocratic country. India is not a theocratic country. Why? Because our saints and seers did not just consider the people living within our borders as part of the family, but called everyone living in the world as one family," the minister said.

Singh underlined that India had never declared its religion would be Hindu, Sikh or Buddhist and people of all religions could live here.

"They gave the slogan of 'Vasudev Kutumbakam' -- the whole world is one family. This message has gone to the whole world from here only," he added.

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A Member of Va…
 - 
Thursday, 23 Jan 2020

 

Very thoughtful and eye-catching statement by Defense Minister, Rajnath Singh.

Sir, I kindly request you to convey this beautiful message to your Party’s comrades, who are deprived of this dosage for long times and are badly need of this.  

Also, for those from your Party, who are, time and again, spitting the venomous rhetoric against Dalits, Muslims, Christians and others alike.

Yashwant Sinhaji is now doing a wonderful job in this regard.

You will also follow his suit for sure in the days to come; that’s what your honest statement indicates.

    

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