Top Senator proposes first 100 days action plan for India-US

May 30, 2014

Top SenatorWashington, May 30: A powerful American Senator has proposed "100 days action plan" for the Modi Government and the Obama Administration to "refresh" the Indo-US relations.

Senator Mark Warner, who is the Democratic Co-Chair of the Senate India Caucus, has suggested the Modi Government to modify the defense-offset regime, agreeing to build community colleges in India, lifting the foreign direct investment caps in some of the sectors, and announcing a new electronic payment systems.

In the first 100 days of the Modi Government, Waren has proposed to the Obama Administration to name a senior official for defense trade, review tourist visa policies and access to high skill visas.

Among other action plans for the first 100 days, he has advised the Modi Government and the Obama Administration to announce a joint energy project, convene a meeting of India-US Strategic Dialogue, hold bilateral talks on Afghanistan, restart negotiations to achieve a bilateral investment treaty (BIT), re-launch the defense policy group, and establish a public-private working group on infrastructure investment.

"I believe we have an opportunity, in the early days of the new Indian administration, to refresh the US-India relationship and work cooperatively to make progress that will benefit both of our countries," Warner said in a four-page 100-days action plan.

As a co-chair of the US Senate India Caucus for several years, Warner has been working with US and Indian government officials and business leaders to address important issues for both countries, including education, skills development, infrastructure and energy.

"However, over the last 18-24 months, the relationship lacked a catalyst. With this month's historic Indian election, we can harness the enthusiasm of the Indian people to boost our partnership.

"We can use the first 100 days to move from dialogue to action and build a path forward for more ambitious cooperation," he said.

"There are many areas where a partnership between our countries would serve goals on both sides, and if the respective administrations choose just two or three deliverables to shoot for in the first 100 days, we could provide the business community on both sides a new optimism that we can work together and get things done," Warner added.

In his action plan, Warner has proposed that the India-US Strategic Dialogue this year be held in New Delhi, instead of Washington DC as originally scheduled.

"Since the new Indian government will just be getting started, holding the Dialogue in Delhi will be less disruptive to organizing meetings and will provide both sides the opportunity to meet and get to work early in the term on joint initiatives," he said.

India and the US have meandered through several rounds of stop and start negotiations about how to proceed with BIT, he said.

"Announcing that both sides will sit down and negotiate a framework would boost confidence that a BIT is possible. A BIT would provide important protections for investors, help unleash needed investment, and provide a level playing field for both countries," he added.

The Obama Administration, he said, should name a senior-level official who reports directly to the Secretary of Defense to lead the Defense Trade and Technology Initiative.

"Under Ash Carter's leadership this was one of the most successful programs and helped shepherd billions of dollars of defense deals through the pipeline as well as clearing out inefficiencies on both sides of the US-India defense trade to make defense trade simpler, more responsive, and more effective," Warner said.

Warner said the US should conduct a review of visa policies with an eye toward further opening of global entry and trusted traveler programs for frequent travelers, including business leaders and investors.

"A review of policies for high-skill employees would help ensure companies in both countries have access to talent to help US companies and the American economy grow and innovate and encourage more joint research and cooperation between universities," he said.

An agreement to increase travel and tourism between the two countries would increase more people to people interaction, he argued.

For the Modi Government, he said lifting FDI caps in some of the sectors that have been under discussion for years would be a positive signal to foreign firms that India was again "open for business." Specifically, defense, insurance, railways, e-commerce and banking sectors are ripe for reform, he said.

Warner said India and the United States share a unique bilateral relationship.

"As the world’s oldest and largest democracies there are many areas in which our strategic interests combine, and when we find ways to cooperate and work together both of our countries benefit," he said.

"The historic and sweeping election that has made Narendra Modi Prime Minister of India is a testament to a thriving democracy and a signal that the people of India are ready for economic growth and productivity," he added.

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News Network
June 1,2020

Jun 1: Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained Sino-U.S. relations and boosted demand for the safe-haven metal, with a weaker dollar lending further support.

Spot gold gained 0.8% to $1,739.75 per ounce by 0242 GMT. U.S. gold futures ticked up 0.1% to $1,752.60.

"Concerns about the unrest in the United States at the moment appear to be weighing on market sentiment," said Michael McCarthy, chief strategist at CMC Markets, adding that rising tensions between the world's top two economies provided further support to gold.

Protesters have flooded the streets in the United States over the death of George Floyd in police custody, in a wave of outrage sweeping a politically and racially divided nation.

The closely packed crowds and demonstrators not wearing masks have sparked fears of a resurgence of COVID-19, which has killed more than 101,000 Americans.

In Asia, China's state media and the government of Hong Kong lashed out on Sunday at U.S. President Donald Trump's pledge to end Hong Kong's special status if Beijing imposes new national security laws on the city.

Gold is often used as a safe store of value during times of political and financial uncertainty.

Indicative of sentiment, holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.3% to 1,123.14 tonnes on Friday, a fresh seven-year high.

Further supporting gold's appeal, the dollar index fell 0.4% against its rivals.

Elsewhere, silver jumped 2% to $18.20 per ounce, its highest since Feb. 26, before retreating slightly to trade 1.8% higher at $18.16.

Speculators cut their bullish positions in COMEX gold and increased them in silver contracts in the week to May 26, the U.S. Commodity Futures Trading Commission said on Friday.

Palladium rose 0.7% to $1,958.25 per ounce, while platinum declined 0.3% to $835.56.

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Agencies
February 7,2020

Jammu & Kashmir, Feb 7: Former Jammu and Kashmir chief ministers Mehbooba Mufti and Omar Abdullah, besides two political stalwarts from NC and its arch-rival PDP were booked under the stringent Public Safety Act (PSA) by the administration on Thursday, officials said.

A magistrate accompanied by police served the order to Mufti at the bungalow where she has been detained, the officials said.

Abdullah was also booked under the PSA, they said.

National Conference general secretary and former minister Ali Mohammed Sagar, who wields a support base in downtown city, was served with a PSA notice public order by the authorities.

Similarly, senior PDP leader Sartaj Madani was booked under the PSA. Madani is the maternal uncle of former chief minister Mehbooba Mufti.

Both Sagar and Madani were detained in the aftermath of August 5 crackdown by the Centre on politicians following abrogation of special status of the erstwhile state, besides its bifurcation into two union territories.

Their six-month preventive custody was ending on Thursday.

Earlier, the officials had said that former NC legislator Bashir Ahmed Veeri was also booked under the PSA but later it turned out that he had been released.

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News Network
May 19,2020

Hyderabad, May 19: Telangana Chief Minister K Chandrashekar Rao has hit out at the Narendra Modi-led NDA government over the fiscal stimulus package, accusing it of treating states like "beggars" and imposing "laughable" conditions for increasing borrowing limits under the FRBM Act.

"This is 'pure cheating. Betrayal. Jugglery of numbers. All gas. The Centre has reduced its own prestige," he said while referring to conditions linked to the increased borrowing limits for states under the Fiscal Responsibility and Budget Management (FRBM) Act.

Rao cited international journals that had commented on whether the Union Finance Minister's aim was to revive the GDP or to reach the Rs 20 lakh crore number (the stimulus package announced by Prime Minister Narendra Modi).

"This is a very cruel package. It is fully in a feudal policy and dictatorial attitude. We fully condemn this. This is not what we asked for," Rao, who had supported several measures taken by the Centre so far in the fight against coronavirus, said.

At a time when the finances of states were paralysed due to COVID-19 global pandemic, the state governments wanted funds to reach them so that they can help people in different forms, he said. "When we asked for it, you treat states like beggars, what did the Centre do? Is this the way reforms are implemented in India?" he asked during an interaction with media on Monday after a cabinet meeting.

For example, two per cent increase under the Fiscal Responsibility and Budget Management (FRBM) Act (about Rs 20,000 crore in Telangana) has been given.

But, the conditions put are "laughable" and "very nasty" though the loan was to be fully repaid by the state, he said.

Explaining the situation, Rao said Rs 2,500 crore would be given if reforms were implemented in power sector and Rs 2,500 crore would be allowed if reforms in market committees as suggested by the central government are accepted.

"Is this a package? What is this? This cannot be called a package. Very sorry.. This is not the policy to be followed in a federal system... Then what are the state governments for?" the Telangana Rashtra Samithi supremo asked and said they were also constitutional governments and not subordinates.

The CM said he felt anguished and the way the Centre was wielding control over states was against the spirit of federalism.

"Prime Minister ji said cooperative federalism. This has proved that it is totally hollow and bogus," he added.

The state, however, has already fulfilled certain conditions, he added.

On the occasion, Rao also outlined his government's certain policy guidelines for regulatory farming proposed to be implemented.

On the additional water proposed to be drawn by the neighbouring Andhra Pradesh from Srisailam project, he said there was no question of compromising on the states interests.

Flaying Opposition criticism against his government for allegedly failing to protect the state's interests, Rao said he had sought peaceful co-existence with all the neighbouring states.

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