'When decision is right, its echo is heard across globe': PM in Bangkok

News Network
November 3, 2019

Bangkok, Nov 3: India has eliminated a big reason behind sowing of seeds of terrorism and separatism, Prime Minister Narendra Modi said here on Saturday, in a clear reference to abrogation of Article 370 from Jammu and Kashmir and reorganisation of the state.

The Prime Minister's remarks on Kashmir at an Indian diaspora meet in this bustling Thai capital city were greeted with laud applause and a standing ovation by around 5,000 people. "You are aware that India has decided to eliminate a big reason behind sowing of seeds of terrorism and separatism," Modi said.

"When a decision is right, its echo is heard across the globe. And I can hear it in Thailand as well," he said at the 'Sawasdee PM Modi' event at an indoor stadium in central Bangkok. The government has been maintaining that Article 370 providing special status to Jammu and Kashmir was a reason behind terrorism and separatism in the state.

As people stood up and hailed his remarks, Modi said the standing ovation was for India's Parliament and parliamentarians and that their blessings will further energize Indian lawmakers to work harder for the nation. "Your standing ovation will further energize our Parliamentarians. It is a salute to India's Parliament," he said.

In his nearly 50-minute speech Modi also spoke on a range of issues including the welfare measures rolled out by his government, his return to power with a bigger mandate in the Lok Sabha elections, strength of the Indian economy, importance of Indian diaspora in overall growth of the country and how India is emerging as a "major power" globally.

Modi said his government was working to fulfil those aspirations which seemed impossible earlier, adding people's expectations go up from those who work. "People want more work from those who deliver. Their expectations go up from those who work," he said, drawing another round of laud applause.

PM Modi also highlighted India's Act East policy and the importance of the country's ties with 10-nation ASEAN grouping, besides referring to historical linkages between India and Thailand. The prime minister, on a three-day visit here, will address the annual ASEAN-India summit on Sunday. In his address, Modi also traced historical and cultural links between India and Thailand, saying the relationship has been of “heart and soul”.

Noting that Indo-Thai relationship reflects greater amalgamation of cultural bonds, he said his government has been focusing on enhancing the North Eastern region's connectivity with Thailand. "Once the India-Myanmar-Thailand trilateral highway is thrown open, there will be seamless connectivity between both our countries," Modi said.

"This is my first official visit to Thailand, and I can see a lot of Indianness in various aspects in this country—be it culture, food habits or social values...The entire world celebrated Diwali along with India, and I can see that it was the case here too," he said.

The Prime Minister also talked about the Thai royal family's ties with India and even said that Queen Maha Chakri Sirindhorn is a Sanskrit scholar with a deep connect with India. "The affinity and closeness the Thai royal family has for India reflected the strong historical relationship between the two countries,” he said.

In his speech, Modi also talked how the government is celebrating 550th birth anniversary of Guru Nanak, the founder of Sikhism, and said his teachings were a treasure for not only the Sikh community but for the whole world.

Modi also talked about the Kartarpur Corridor and said pilgrims will be able to visit Gurudwara Kartarpur Sahib in Pakistan once the corridor is thrown open next week. The much-awaited corridor will connect Darbar Sahib in Pakistan's Kartarpur - the final resting place Guru Nanak - with Dera Baba Nanak shrine in India's Gurdaspur district.

Talking about various reform initiatives undertaken by his government, Modi said Indians across the globe feel proud about the changes taking place in India in the last five years. “When India speaks, the whole world listens to it because 1.3 billion Indians are involved in building a new India. Because of the changes, people of India have given us bigger mandate in the Lok Sabha polls then earlier,” he said.

The Prime Minister also said India was among the fastest growing economies in the world and that the country is working hard to become a USD 5 trillion economy in next five years. Modi also said that his government decided that holders of the Overseas Citizens of India card can enrol for the new pension scheme, adding his government is also working hard to significantly improve visa consular services abroad.

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News Network
January 15,2020

Jan 15: Uttar Pradesh Chief Minister Yogi Adityanath said on Tuesday that the Muslim population in India increased manifold since the partition because they were given special rights and facilities, according to a report by The Indian Express.

"The Muslim population in India has increased manifold since 1947, it has gone up by seven to eight times. No one has any objection. If they, as citizens of the country, work for development, they are welcome. Their population has increased because they have been given special rights and facilities. All possible steps were taken to ensure their growth," Adityanath said while addressing a rally in Gaya organised by the BJP in support of the Citizenship (Amendment) Act.

He asked the audience, "But what happened in Pakistan?" Claiming that the Hindu population in Pakistan had decreased since 1947, he asked why it was so.

Yogi said that the countrywide anti-CAA protests are a "conspiracy" hatched from afar by those resentful of a united and grand India and these are being aided by a "crooked" opposition. He further charged that those opposing the legislation were committing the "paap" (sin) of working against national interests.

"For taking such a step, Prime Minister Narendra Modi and Home Minister Amit Shah deserve acclaim. Instead, they are being attacked", Yogi lamented.

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India
 - 
Wednesday, 15 Jan 2020

He himself contradicts his statements. He claims the Muslim population rose 8-9 (according to him) times since 1947. If he was educated its simple 73 years have passed the population grows. Still, the Muslim population is only a minority against the majority. He talks about special rights and facilities given yes agreed but not by him it's by the Constitution of India and for all the minorities. So it's not you its Constitution of India.  The majority of the people are against the act CAA is against the very fundamental of the Constitution of India which PM & HM are taking away from the people. If you disagree, disrespect, go against it then you are against the country itself in Hindi deshdruhi. 

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
June 3,2020

New Delhi, Jun 3: India registered its highest single-day spike in COVID-19 cases on Wednesday with 8,909 more cases reported in the last 24 hours, taking the country's tally to 2,07,615, while the death toll rose to 5,815 according to the Union Health and Family Welfare Ministry.

The number of active COVID-19 cases stood to 1,01,497 while 1,00,303 people have been cured/discharged/migrated.

According to the Union Health and Family Welfare Ministry, out of all the states, Maharashtra has recorded the highest number of coronavirus cases with 72,300 patients followed by Tamil Nadu with 24,586 cases.

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