We have a wonderful relationship with PM Modi, India: US

Agencies
November 30, 2017

Washington DC, Nov 30: The United States administration of President Donald Trump on Thursday hailed Global Entrepreneurship Summit (GES) which is being held in India's Hyderabad and said that its tremendous success is indicative of the strong bilateral relationship between the two great nations.

Calling the GES Summit a "tremendous success", the Spokesperson for the United States Department of State, Heather Nauert, said, "I am so proud that the US and India held the Global Entrepreneurship Summit in Hyderabad... I think it's a tremendous success when we bring in 1500 entrepreneurs from around the world."

Hailing the Indo-US ties, Nauert said, ''We have a wonderful relationship with PM Modi and India. A part of our constant conversations is to do more to help with North Korea. It is a global problem and a threat. Hope that India will do more and we’ll continue to have those conversations with government.''

When asked about Ivanka Trump leading the US delegation in the summit, she said, "We are also proud that Ivanka Trump, President Donald Trump's daughter and one of his most trusted and closest adviser, led the US delegation over there. I, personally, think of no better representative of a woman entrepreneur in the US than her to go over there."

Ivanka Trump was personally invited by Prime Minister Narendra Modi in June earlier this year to spearhead the delegation.

Ivanka's visit to India has been clouded by US media reports questioning Trump's clothing line and its supply chain as well as what some view as a snub by Rex Tillerson, the US Secretary of State, who had reportedly refused to send senior staff with Trump to India. But Nauert clearly rubbished these reports.

"The State Department was very much involved in helping to facilitate all of these. We have a bunch of people on the ground there," the US spokesperson added.

On the 1500 entrepreneurs from across the world attending the summit, Nauert said, "Our embassies helped in nominating, if I understand that correctly, many of the entrepreneurs from around the world. Picking entrepreneurs saying that we would like to help you get to India to be able to talk about the great work you are doing, the jobs that you are growing."

"Part of the theory behind that is women's empowerment and getting more women into the workforce by helping them succeed in growing companies by finding investors for those companies. So, we are pleased with that, that we brought in 1500 and more than half of those are women," she added.

The three-day summit, which is being hosted for the first time in South East Asia, began in Hyderabad on Monday.

"Technology is a great driver of entrepreneurship because a lot of women are leaving and saying this doesn't work for me. It is emboldening them to go out on their own. It is reducing barriers to starting new businesses, and creating flexibility around the schedule," Ivanka Trump had said earlier in the summit.

Ivanka Trump and the US delegates accompanying her were given a red carpet welcome in India and treated to a variety of Hyderabadi delicacies includingh biryani.

US President Donald Trump's daughter and other delegates of the GES Summit also attended a gala dinner hosted by Prime Minister Narendra Modi at the iconic Taj Falaknuma Palace on Tuesday.

Modi, Telangana Governor ESL Narasimhan, Chief Minister K Chandrasekhar Rao and some top politicians and industrialists dined with Ivanka on the 101-seater dining table at the palace hotel.

Ivanka and the US officials accompanying her were given a 'taste of India' at the extravagant dinner and were treated to famous Hyderabadi specialities like dahi ke kebab, gosht shikampuri kebab, kubani ke malai kofta, murg pista ka salan and sitaphal kulfi.

The five-course meal centred around the cuisine of Hyderabad and was reportedly designed by the Taj Falaknuma’s Executive Chef Sajesh Nair.

Ivanka was given a royal treatment and was ferried from the main gate to the palace atop the hill in a horse-drawn carriage of the Nizam era. She and other guests were greeted with a rose petal shower on entering the palace.

The White House advisor also went around the palace, which was once the residence of the Nizam, the ruler of erstwhile princely State of Hyderabad.

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News Network
May 27,2020

Washington, May 27: Most viruses and other germs do not spread easily on flights, the US Center for Disease Control and Prevention has said in its COVID-19 guidelines which do not recommend following social distancing between two passengers inside a plane or keeping the middle seat unoccupied.

As a result of coronavirus pandemic, air traffic inside the US has come to a near halt. Air traffic is said to be down to about 90 per cent. For all travellers coming from overseas, the Center for Disease Control and Prevention (CDC) has recommended 14 days quarantine.

"Most viruses and other germs do not spread easily on flights because of how air circulates and is filtered on aeroplanes," the CDC has said in its set of COVID-19 guidelines for air travellers.

However, it noted that the air travellers were not risk-free especially in the time of the coronavirus pandemic and recommended Americans to avoid travel as far as possible.

"Air travel requires spending time in security lines and airport terminals, which can bring you in close contact with other people and frequently touched surfaces," it said.

"Social distancing is difficult on crowded flights, and you may have to sit near others (within six feet), sometimes for hours. This may increase your risk for exposure to the virus that causes COVID-19," the CDC said.

But instead of recommended social distancing inside commercial planes, the CDC has advised a series of preventive and hygienic measures to be taken by the airlines pilot and crew to prevent the spread of coronavirus.

The US Department of Transportation and Federal Aviation Administration in its latest safety alerts for operators on May 11 said that air carriers and crews conducting flight operations having a nexus to the US, including both domestic and foreign air carriers, should follow CDC's occupational health and safety guidance.

The CDC issued its guidelines in first guidelines for the airlines and airline crew on March and again in May.

The CDC, which has issued an exhaustive social guideline measures in various sections, is silent on keeping the middle seat of a plane unoccupied so as to maintain the six feet distance between two passengers.

It calls for the plane crew to report to the CDC a traveller with specific COVID-19 symptoms like fever, persistent cough, difficulty in breathing and appearing unwell.

Asking the airlines and cabin crew to review infection control guidelines for cabin crew, the CDC recommends several measures for cabin crew to protect themselves and others, manage a sick traveller, clean contaminated areas, and take actions after a flight.

Prominent among them include washing hands often with soap and water for at least 20 seconds, particularly after assisting sick travellers or touching potentially contaminated body fluids or surfaces and use of alcohol-based hand sanitizer (containing at least 60 per cent alcohol) if soap and water are not available.

Airlines should consider providing alcohol-based hand sanitizer to cabin and flight crews for their personal use, it said.

The CDC guidelines do not recommend following social distancing inside a plane between two passengers or keeping the middle seat unoccupied. But it asks to minimise contact between passengers and cabin crew and the sick person.

"If possible, separate the sick person from others (by a distance of 2 meters or 6 feet, ideally) and designate one crew member to serve the sick person. Offer a facemask, if available and if the sick person can tolerate it. If a facemask is not available or cannot be tolerated, ask the sick person to cover their mouth and nose with tissues when coughing or sneezing," said the CDC guidelines.

If no symptomatic passengers were identified during or immediately after the flight, the CDC recommends airlines to follow routine operating procedures for cleaning aircraft, managing solid waste, and wearing PPE.

"If symptomatic passengers are identified during or immediately after the flight, routine cleaning procedures should be followed, and enhanced cleaning procedures should also be used," it said.

Clean porous (soft) surfaces (e.g, cloth seats, cloth seat belts) at the seat of the symptomatic passengers and within 6 feet of the symptomatic passengers in all directions, it added.

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News Network
March 21,2020

Mar 21: India’s economy, already in the grip of a slowdown, is in for more pain after Prime Minister Narendra Modi appealed to citizens to stay at and work from home to curb the coronavirus outbreak.

The services sector, which accounts for about 55% of India’s gross domestic product, is poised to be the worst hit after Modi, in a late evening address on Thursday, urged citizens to go on a self-imposed curfew for a day and private companies to allow employees to work from home for longer. In the country’s vast informal sector, social-distancing measures could mean a dent to productivity and consumption because of job or pay losses.

“The impact of a partial lock-down or social distancing will be significant,” said Rahul Bajoria, a senior economist at Barclays Plc in Mumbai. “If there’s a widespread community outbreak, GDP could fall as low as 3.5% in the year starting April 1.”

Shrinking output may limit growth in an economy that’s already set to expand at an 11-year low of 5% in the current year to March 31. Before the virus outbreak, India had forecast growth to recover to 6%-6.5% in the next fiscal year. S&P Global Ratings and Fitch Ratings have already slashed their growth forecast by 50 basis points.

“The current social-distancing measures will severely impact airlines, hotels, malls, multiplexes, restaurants and retailers,” according to analysts at Crisil Ltd., the local unit of S&P Global. “Lower footfalls and occupancies, decline in business volume and sub-optimal operating efficiencies will impact cash flows of companies in these sectors,” wrote the analysts led by Chief Economist Dharmakirti Joshi.

The government will try to announce a relief package for virus-affected sectors as early as possible, Finance Minister Nirmala Sitharaman said Friday.

In a televised address, Modi advised all citizens to stay at home for a day on March 22, as he sought to stem the spread of the coronavirus -- cases of which are relatively low in India at about 200, compared with more than 200,000 infected people globally. His government also barred incoming flights for a week from that day, joining a growing list of countries effectively sealing their borders.

What Bloomberg’s Economists Say

We had only earlier this week lowered our GDP outlook to consider the direct impact of the local outbreak as confirmed virus cases exceeded 100 as of March 15 and the federal and state governments announced social distancing measures that have already started to crimp economic activity. We are now revising down our GDP estimate for 4Q fiscal 2020 to 3.3%, from our 3.5%.

-- Abhishek Gupta, India economist

For more, click here

“Consumption being the biggest component of GDP, a lock-down is bound to have a big impact on the economy,” said Devendra Kumar Pant, chief economist at India Ratings and Research, the local unit of Fitch. “Modeling uncertainty in any system will be very difficult, but one can say the slowdown could deepen or prolong further.”

Work From Home

While companies, including billionaire Mukesh Ambani-controlled Reliance Industries Ltd., are asking employees to work from home, the option isn’t feasible in India’s vast informal sector.

“The option to work remotely simply won’t exist for most,” said Shilan Shah, an economist with Capital Economics Pte. in Singapore.

As many households don’t have savings buffers, the government would probably have to back this up with large-scale cash handouts that reach the poorest, he said.

Work from home is posing implementation challenges for the manufacturing sector where workers are required to be physically present at the production sites. The services sector, such as banking and information technology, also needs employees to be present in offices as confidential data is used, according to industry group Federation of Indian Chambers of Commerce and Industry.

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Agencies
July 2,2020

New Delhi, Jul 2: In the midst of India's tense border standoff with China, the defence ministry on Thursday approved procurement of a number of frontline fighter jets, missile systems and other platforms at a cost of Rs 38,900 crore to bolster the combat capability of the armed forces, officials said.

They said 21 MiG-29 fighter jets are being bought from Russia while 12 Su-30 MKI aircraft will be procured from Russia. The ministry has also approved a separate proposal to upgrade existing 59 MiG-29 aircraft.

The decisions were taken at a meeting of the Defence Acquisition Council (DAC) chaired by Defence Minister Rajnath Singh.

The procurement of 21 MiG-29 and upgrading of the existing fleet of MiG-29 are estimated to cost the government Rs 7,418 crore while purchase of 12 new Su-30 MKI from the Hindustan Aeronautics Ltd will be made at a cost of Rs 10,730 crore, the officials said.

The DAC also approved procurement of long-range land-attack cruise missile systems with a range of 1,000 KM and Astra Missiles for Navy and Air Force.

The officials said cost of these design and development proposals is in the range of Rs 20,400 crore.

"While acquisition of Pinaka missile systems will enable raising additional regiments over and above the ones already inducted, addition of long-range land attack missile systems having a firing range of 1000 KM to the existing arsenal will bolster the attack capabilities of the Navy and the Air Force," said a defence ministry official.

"Similarly induction of Astra Missiles having beyond visual range capability will serve as a force multiplier and immensely add to the strike capability of the Indian Navy and the Indian Air Force," he said.

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