White House invites Modi to visit U.S.

May 17, 2014

Washington, May 17: U.S. President Barack Obama effectively reversed a nine-year U.S. visa ban when he congratulated Gujarat Chief Minister Narendra Modi on his party's “historic” victory in the Indian general election, and then invited Mr. Modi to visit the U.S. at a “mutually agreeable time to further strengthen our bilateral relationship.”

White_House_invites_ModiAdditionally, the White House said on Friday, “We look forward to working with [the new Indian government] once formed to advance our partnership.”

U.S. Secretary of State John Kerry chose micro-blogging site Twitter to say to Mr. Modi, “Congrats to @narendramodi and BJP. Look forward to working w/you/growing shared prosperity/security w/world's largest democracy.”

The State Department elaborated on Mr. Kerry's statement saying that it congratulated Mr. Modi and the BJP on its victory in winning a majority of seats in India's historic national election, “which saw more voters cast their ballots freely and fairly than in any election in human history.”

State Department officials said that they understood that the next steps were for the Indian Election Commission to officially inform the President of the certified election results, and for him to appoint a Prime Minister.

The U.S. has, since 2005, denied Mr. Modi an entry visa on the grounds that he has been linked to curtailments of religious freedom in the context of the 2002 Gujarat riots.

However, on Friday, the White House Press Secretary Jay Carney said during a media briefing “The Prime Minister of India will be welcomed to the U.S.,” and added that once the government was formed, the U.S. looked forward to working “closely with the Prime Minister and the Cabinet to advance our strong, bilateral relationship based on shared democratic values.”

The State Department echoed the White House view that “The Prime Minister of India will be welcomed to the U.S. [and] as Head of Government, Mr. Modi would be eligible for an A-1 visa.”

Some groups in the U.S. drew attention to the visa and Gujarat riots issue on Friday, and the Coalition Against Genocide (CAG), an umbrella group focusing on justice and accountability for the pogrom said that it “pledged to continue its struggle with renewed fervour in the wake of the election results in India.”

CAG Spokesperson Raja Swamy underscored Mr. Modi's alleged links to the RSS cautioning that “During this election campaign, RSS leaders have been openly raking up contentious issues, posing a threat to communal harmony and increasing the prospect of violence against minorities.”

Reactions to the BJP's stronger-than-anticipated victory in the elections were nevertheless broadly positive.

New York Democratic Congressman and Co-Chair of the Congressional Caucus on India and Indian-Americans, said, in a statement “From Kerala to Jaipur, from Mumbai to Kolkata, the power of democracy was on display throughout the country. I applaud India's commitment to the democratic process and wish the Indian people and government the very best.”

Sanjay Puri, Chairman of the U.S. India Political Action Committee similarly said, “On behalf of the Indian-American community and friends of India in the U.S., USINPAC extends its warm congratulations to Narendra Modi for leading the BJP to a spectacular victory in these historic elections in India.”

Emphasising that Indian-Americans were “heartened to note that the BJP will have single party majority in the Parliament,” he added, “The Indian Diasporas and friends of India in the U.S. … cheer and send our best of wishes to the people of India, and the leadership of Mr. Modi.”

The Confederation of Indian Industry, which has spearheaded numerous efforts to boost India's profile as an investor in the U.S. economy and a destination for U.S. investments, welcomed the election results with an eye on the prospects for accelerating future economic growth.

Chandrajit Banerjee, CII Director-General, said, “With a decisive mandate, the new government could take the tough decisions that are urgently needed to revive economic growth. The first priority is to get the cleared projects operational. This is the quickest way to revive investment demand.”

He also urged the new government, once formed, to sharpen the focus on “issues arising out of the land acquisition act and the new companies act,” and passing a “strong reform package… to generate the 150 million new jobs that India needs over the next ten years.”

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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News Network
January 24,2020

Beijing, Jan 24: As China stepped up measures to control the spread of coronavirus, locking down Wuhan and Huanggang cities in the Hubei province where several Indians live, the Indian Embassy here has set up hotlines for their assistance.

Chinese officials assured all assistance, including food supply, to the Indians who stayed put in the province, the Indian Embassy here said in a press release on Thursday.

Wuhan and its surrounding area became the epicentre of the coronavirus outbreak as the confirmed cases climbed to over 600 mostly from the city and the province with 17 deaths so far.

China has virtually sealed Wuhan and Huanggang cities, halting all public transport, including flight services, and advised people to stay at home and follow the precautions. The two cities put together have a population of over 17 million people.

Chinese officials said the measures have been taken to prevent the spread of the virus to other cities and the world.

Concerns arose for India too as about 700 Indian students, mostly studying medicine in different Chinese universities, resided in Wuhan and its neighbouring areas.

While many of them were believed to have left home for the Chinese New Year holidays, others remained in the city to complete their academic work. However, the exact number is not yet known.

“The Embassy of India has been receiving queries from Indians in Hubei province as well as their relatives in India in connection with the evolving situation of coronavirus infection in China,” the embassy press release said.

The embassy is in touch with relevant Chinese authorities in Beijing and Wuhan as well as Indians in Hubei Province, especially in Wuhan, it said.

“We are closely monitoring the evolving situation in China, including the advisories issued by the World Health Organisation (WHO),” the embassy said.

According to the embassy, Chinese authorities have assured all assistance to residents of Wuhan, including food supply.

“At present, it is reported that supermarkets (particularly those that are government-run) and e-commerce services, including food delivery, continue to remain operational in Wuhan,” it said.

The embassy has started two hotlines for those who wish to get in touch with the Mission in this regard in the following phone numbers:              +8618612083629 and +8618612083617.

“All are advised to also keep track of the embassy's social media accounts (Twitter:@EoIBeijing; Facebook: India in China) for updates on this evolving situation,” the release said.

Meanwhile, the Chinese Foreign ministry said all assistance would be provided to consular officials of the foreign missions to ensure the safety of the foreigners in the country.

Asked whether China would consider any request from the respective countries to move their citizens out of Wuhan, Chinese Foreign Ministry spokesman Geng Shuang said, “We always help foreign consular officials in China in their official jobs, we offer them all the assistance and convenience necessary and we work to guarantee foreign citizens' legitimate rights and interest in China.”

He said while specific detailed would be provided by local officials, China in principle, has always handled issues according to domestic laws, international laws and bilateral consular agreements.

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Agencies
March 15,2020

Jakarta, Mar 15: Indonesia's transport minister is in intensive care after testing positive for the novel coronavirus, an official has said, as schools and tourist attractions were ordered to close over the health threat.

Transportation Minister Budi Karya Sumadi was receiving treatment at an army hospital in Jakarta, State Secretary Pratikno said on Saturday.

A hospital spokesman said Sumadi was encountering difficulty breathing but that his condition was improving.

Pratikno said Sumadi was involved in virus mitigation efforts, particularly the evacuation of Indonesians from epicenters of the outbreak, and that President Joko Widodo had called for tests to be carried out on other ministers.

Cases of the virus in Indonesia, the world's fourth most populous country, have jumped from zero two weeks ago to 96, with five deaths, according to government spokesperson Achmad Yurianto.

He also said the virus has spread outside Greater Jakarta to Bandung in West Java, Solo in Central Java, Manado in North Sulawesi, Pontianak in West Kalimantan, as well as holiday havens Yogyakarta and Bali.

Following the increase, the government on Saturday established a task force on COVID-19 mitigation.

Jakarta's Governor Anies Baswedan announced that schools would close for two weeks starting Monday, and ordered the closure of city-owned tourist attractions, such as Ragunan Zoo and Ancol beach.

He emphasized that Jakarta would not be locked down but urged people "to be responsible" and called for social distancing when possible.

Similarly, the administration of Solo, Central Java, Friday announced that schools and tourist attractions would close after a coronavirus patient died in the region.

The World Health Organization has said it is particularly concerned about high-risk nations with weaker health systems, which who may lack the facilities to identify cases.

A day after declaring the coronavirus outbreak to be pandemic this week, WHO chief Tedros Adhanom Ghebreyesus called Indonesia's president Widodo and both agreed to "scale up cooperation."

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