US House passes crucial bill on defence co-operation with India

Agencies
July 15, 2017

Jul 15: The US House of Representatives has passed a dollor 621.5 billion defence expenditure bill that proposes to advance defence cooperation with India.usindia

An amendment in this regard, moved by Indian-American Congressman Ami Bera, was adopted by a voice vote by the House as part of the National Defense Authorisation Act (NDAA) 2018, beginning October 1 this year. NDAA-2018 was passed by the House 344-81.

The India-related amendment passed by the House requires the Secretary of Defence, in consultation with the Secretary of State, to develop a strategy for advancing defence cooperation between the United States and India.

"The United States is the worlds oldest democracy and India is the world's largest democracy. It is vitally important to develop a strategy that advances defence cooperation between our two nations," Bera said.

"I am grateful this amendment passed and look forward to the Defence Departments strategy that addresses critical issues like common security challenges, the role of partners and allies, and areas for collaboration in science and technology," he said.

Jul 15: The US House of Representatives has passed a dollor 621.5 billion defence expenditure bill that proposes to advance defence cooperation with India.

An amendment in this regard, moved by Indian-American Congressman Ami Bera, was adopted by a voice vote by the House as part of the National Defense Authorisation Act (NDAA) 2018, beginning October 1 this year. NDAA-2018 was passed by the House 344-81.

The India-related amendment passed by the House requires the Secretary of Defence, in consultation with the Secretary of State, to develop a strategy for advancing defence cooperation between the United States and India.

"The United States is the worlds oldest democracy and India is the world's largest democracy. It is vitally important to develop a strategy that advances defence cooperation between our two nations," Bera said.

"I am grateful this amendment passed and look forward to the Defence Departments strategy that addresses critical issues like common security challenges, the role of partners and allies, and areas for collaboration in science and technology," he said.

Cooperation enhances ability to meet security challenges

"Cooperation between the US and India enhances our own defence and our ability to meet the evolving security challenges of the 21st century," Bera said.

Following the passage of the National Defence Authorisation Act, the Secretary of Defence and Secretary of State have 180 days to develop a strategy for advancing defence cooperation between the United States and India. NDAA needs to be passed by the Senate before it can be sent to the White House for the US President Donald Trump to sign into law.

As passed by the House, NDAA-2018 asks the State Department and the Pentagon to develop a strategy that addresses common security challenges, the role of American partners and allies in India-US defence relationship, and role of the defence technology and trade initiative.

It also asks them to address how to advance the communications interoperability and security memorandum of agreement and the basic exchange and cooperation agreement for geospatial cooperation. The previous NDAA-2017 had designated India as a major defence partner which brings India at par with closest American partners in terms of defence trade and technology transfer.

Cooperation enhances ability to meet security challenges

Meanwhile, a senior defence official yesterday said that India and US defence relationship is on positive track.

"We look at the global order, and when we look at the evolving security environment within Asia, India's rise and role [is] evolving, [and] we see the United States and India increasingly viewing the region in the same way, and our interests are very much aligned," said Cara Abercrombie, Deputy Assistant Secretary of Defence for South and Southeast Asia.

Addressing a New York audience, she said the relationship creates a high level of dialogue in the Pentagon on a range of issues.

"This is all rooted in when we look at the region and [what] we share. We have the same [aerial] security interests, the same counter-proliferation, counter-piracy, and counter- terrorism [interests]," she added.

"We have the same interests in upholding this international system that upholds the rule of law that favours freedom of navigation, open sea lanes of communication, and freedom of over flight. Those are values that are critically important to the United States and India to our economic prosperity and to our access in the region," Abercrombie said during a panel discussion at the 2017 Global Business Forum in New York City.

"Cooperation between the US and India enhances our own defence and our ability to meet the evolving security challenges of the 21st century," Bera said.

Following the passage of the National Defence Authorisation Act, the Secretary of Defence and Secretary of State have 180 days to develop a strategy for advancing defence cooperation between the United States and India. NDAA needs to be passed by the Senate before it can be sent to the White House for the US President Donald Trump to sign into law.

As passed by the House, NDAA-2018 asks the State Department and the Pentagon to develop a strategy that addresses common security challenges, the role of American partners and allies in India-US defence relationship, and role of the defence technology and trade initiative.

It also asks them to address how to advance the communications interoperability and security memorandum of agreement and the basic exchange and cooperation agreement for geospatial cooperation. The previous NDAA-2017 had designated India as a major defence partner which brings India at par with closest American partners in terms of defence trade and technology transfer.

'India-us defence ties on positive track'

Meanwhile, a senior defence official yesterday said that India and US defence relationship is on positive track.

"We look at the global order, and when we look at the evolving security environment within Asia, India's rise and role [is] evolving, [and] we see the United States and India increasingly viewing the region in the same way, and our interests are very much aligned," said Cara Abercrombie, Deputy Assistant Secretary of Defence for South and Southeast Asia.

Addressing a New York audience, she said the relationship creates a high level of dialogue in the Pentagon on a range of issues.

"This is all rooted in when we look at the region and [what] we share. We have the same [aerial] security interests, the same counter-proliferation, counter-piracy, and counter- terrorism [interests]," she added.

"We have the same interests in upholding this international system that upholds the rule of law that favours freedom of navigation, open sea lanes of communication, and freedom of over flight. Those are values that are critically important to the United States and India to our economic prosperity and to our access in the region," Abercrombie said during a panel discussion at the 2017 Global Business Forum in New York City.

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Agencies
June 7,2020

Moscow, Jun 7: OPEC, Russia and allies agreed on Saturday to extend record oil production cuts until the end of July, prolonging a deal that has helped crude prices double in the past two months by withdrawing almost 10% of global supplies from the market.

The group, known as OPEC+, also demanded countries such as Nigeria and Iraq, which exceeded production quotas in May and June, compensate with extra cuts in July to September.

OPEC+ had initially agreed in April that it would cut supply by 9.7 million barrels per day (bpd) during May-June to prop up prices that collapsed due to the coronavirus crisis. Those cuts were due to taper to 7.7 million bpd from July to December.

“Demand is returning as big oil-consuming economies emerge from pandemic lockdown. But we are not out of the woods yet and challenges ahead remain,” Saudi Energy Minister Prince Abdulaziz bin Salman told the video conference of OPEC+ ministers.

Benchmark Brent crude climbed to a three-month high on Friday above $42 a barrel, after diving below $20 in April. Prices still remain a third lower than at the end of 2019.

“Prices can be expected to be strong from Monday, keeping their $40 plus levels,” said Bjornar Tonhaugen from Rystad Energy.

Saudi Arabia, OPEC’s de facto leader, and Russia have to perform a balancing act of pushing up oil prices to meet their budget needs while not driving them much above $50 a barrel to avoid encouraging a resurgence of rival U.S. shale production.

It was not immediately clear whether Saudi Arabia, the United Arab Emirates and Kuwait would extend beyond June their additional, voluntary cuts of 1.18 million bpd, which are not part of the deal.

BULGING INVENTORIES

The April deal was agreed under pressure from U.S. President Donald Trump, who wants to avoid U.S. oil industry bankruptcies.

Trump, who previously threatened to pull U.S. troops out of Saudi Arabia if Riyadh did not act, spoke to the Russian and Saudi leaders before Saturday’s talks, saying he was happy with the price recovery.

While oil prices have partially recovered, they are still well below the costs of most U.S. shale producers. Shutdowns, layoffs and cost cutting continue across the United States.

“I applaud OPEC-plus for reaching an important agreement today which comes at a pivotal time as oil demand continues to recover and economies reopen around the world,” U.S. Energy Secretary Dan Brouillette wrote on Twitter after the extension.

As global lockdowns ease, oil demand is expected to exceed supply sometime in July but OPEC has yet to clear 1 billion barrels of excess oil inventories accumulated since March.

Rystad’s Tonhaugen said Saturday’s decisions would help OPEC reduce inventories at a rate of 3 million to 4 million bpd in July-August. “The quicker stocks fall, the higher prices will get,” he said.

Nigeria’s petroleum ministry said Abuja backed the idea of compensating for its excessive output in May and June.

Iraq, with one of the worst compliance rates in May, agreed to extra cuts although it was not clear how Baghdad would reach agreement with oil majors on curbing Iraqi output.

Iraq produced 520,000 bpd above its quota in May, while overproduction by Nigeria was 120,000 bpd, Angola’s was 130,000 bpd, Kazakhstan’s was 180,000 bpd and Russia’s was 100,000 bpd, OPEC+ data showed.

OPEC+’s joint ministerial monitoring committee, known as the JMMC, will meet monthly until December to review the market, compliance and recommend levels of cuts. JMMC’s next meeting is scheduled for June 18.

OPEC and OPEC+ will hold their next scheduled meetings on Nov. 30-Dec. 1.

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Agencies
June 4,2020

Washington D.C, Jun 4: A lawsuit has been filed against US President Donald Trump for signing an executive order on preventing online censorship that seems to violate the freedom of speech of individuals on social media platforms.

On Tuesday, the Center for Democracy and Technology filed the lawsuit against Trump's "Executive Order on Preventing Online Censorship," which was signed May 28, 2020. The suit argues that the Executive Order violates the First Amendment by curtailing and chilling the constitutionally protected speech of online platforms and individuals.

"CDT filed suit today because the President's actions are a direct attack on the freedom of speech protected by the First Amendment. The government cannot and should not force online intermediaries into moderating speech according to the President's whims. Blocking this order is crucial for protecting freedom of speech and continuing important work to ensure the integrity of the 2020 election," said CDT President and CEO Alexandra Givens.

The executive order is designed to deter social media services from fighting misinformation, voter suppression, and the stoking of violence on their platforms, the digital rights group said.

"Access to accurate information about the voting process and the security of our elections infrastructure is the lifeblood of our democracy. The President has made clear that his goal is to use threats of retaliation and future regulation to intimidate intermediaries into changing how they moderate content, essentially ensuring that the dangers of voter suppression and disinformation will grow unchecked in an election year," Givens said.

The law firm of Mayer Brown is representing CDT in this action.

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News Network
April 13,2020

Vienna, Apr 13: Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.

The US benchmark WTI climbed 7.7 percent to $24.52 a barrel in early Asian trade while Brent was up 5.0 percent at $33.08.

OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday.

In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle, down slightly from 10 million barrels a day envisioned earlier.

OPEC Secretary General Mohammad Barkindo called the cuts "historic".

"They are largest in volume and the longest in duration, as they are planned to last for two years," he said.

The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.

Barkindo added that the deal "paved the way for a global alliance with the participation of the G20".

Saudi Energy Minister Prince Abdulaziz bin Salman, who chaired the meeting together with his Russian and Algerian counterparts, also confirmed that the discussions "ended with consensus".

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