Will go extra mile to balance trade with Uganda: PM Modi

Agencies
July 25, 2018

Kampala, Jul 25: Prime Minister Narendra Modi said on Wednesday said that India is ready to walk an extra mile to balance trade with Uganda as win-win situation already exist.

Addressing the media and other delegates at India-Uganda Business Forum in Kampala, Prime Minister Modi said, "President of Uganda is right in saying that there is a trade imbalance between India and Uganda. I have come here and I am ready to take 10 steps more to resolve the imbalance."

He said that the two countries are in a "perfect win-win situation" but not able to take maximum advantage of it. "If a proper strategy is in place then we can move far ahead".

India is a policy-driven governance where there are tax stability and predictable taxation. That is why investment, for anyone, is easy here, said the Prime Minister.

He stressed that India is a fast growing economy and the international community is watching it.

Addressing the gathering, Prime Minister Modi said, "After all the growth and progress happens, we have to look at human resource development and value addition to natural resources".

The Prime Minister also thanked President of Uganda, Yoweri Museveni for affection towards the Indians in Uganda.

"I have received so much love from Uganda and affection from President Museveni for the Indians in Uganda," he said.

Calling Uganda, a wonderful land, Prime Minister Modi said, "Uganda has such wonderful land. There is a very large market across the globe for organic agro products. Uganda is blessed with such good soils that have not been contaminated with chemicals."

He also boosted the morale of the youth of Uganda to focus on innovations and move forward along with the young generation of India.

"The young generation in India is working on startups, using technology and innovations. India is focusing on innovations and we want to move forward with the youth of Uganda. This will be beneficial to Uganda," Prime Minister Modi said.

Concluding his speech, the Prime Minister assured Uganda that India will always stand by it.

Before Prime Minister Modi's speech at the forum, President of Uganda, Yoweri Museveni said, "According to the figures, I have been supporting India more than they have been supporting me."

Prime Minister Modi is currently on a five-day tour to Africa.

In the last leg of his three-nation Africa tour, the Prime Minister will visit South Africa to attend the 10th edition of the BRICS Summit which is scheduled to take place Johannesburg on July 25-27.

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Agencies
June 25,2020

New Delhi, Jun 25: The Congress on Thursday asked Prime Minister Narendra Modi why has not India gained anything from the "strange bonhomie" which it claimed he shared with China.

Seeking to turn the tables on the ruling party, Congress spokesperson Pawan Khera said the BJP also shared bonhomie with the Communist Party of China (CPC) with several party-level exchanges taking place in the past.

He sought to know whether India's borders have become safe after these exchanges in the last many years.

The Congress leader asked what has the country gained out of these exchange delegations and why are the borders insecure despite the bonds that the two ruling parties of India and China share with each other.

"There is a strange kind of bonhomie between Narendra Modi and China, a two decade old bonhomie. Why doesn't the country get the benefit of that bonhomie," he asked at a virtual press conference.

Khera said all that the Congress will continue to question is about the political will that just does not get visible when it comes to China.

"Whatever is happening on the border today, is it despite the bonhomie which you have with China, or is it because of the bonhomie which you have with China. The country needs to know," he asked.

"We do want to ask you, if as president of the party, Rajnath Singh, Nitin Gadkari and Amit Shah have been sending delegations,  strengthening the bonds between the Communist Party of China and the BJP. What has the country gained out of these bonds? Why are the borders insecure despite these bonds that you have," he also asked.

The ruling has hit out at the Congress for signing an MoU with China's Communist Party and has questioned its "bond" with the ruling party in China.

Khera also asked what role did the India Foundation, an organisation run by National Security Adviser Ajit Doval's son has in strengthening the bonds with China.

"Why does India Foundation keep visiting these countries? Who do they meet? What's the outcome? What's the role of NSA Ajit Doval's son- Shaurya Doval? He keeps attending these meetings through India Foundation? These are important questions in the light of what is happening," he asked.

Khera said the prime minister is showing "red eyes" to those who are asking him questions instead of showing them to the enemy.

"It is time to stand with the Army and show red eyes to China," he said.

The Congress leader said questions will be asked to Modi especially when there are definitive reports, satellite images of incursions in the Ladakh region of India by the Chinese.

He alleged that China laps up the comment of Modi and uses it across the world that the Indian prime minister says that China is in its own territory and Galwan is theirs.

"After a lot of pressure, PMO contradicted what the prime minister said. This kind of a goof up is unpardonable," he alleged.

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News Network
March 6,2020

New Delhi, Mar 6: Union Finance Minister Nirmala Sitharaman on Friday will move the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2019 for consideration and passing in Lok Sabha.

In December last year, the Union Cabinet had approved a proposal to promulgate an ordinance to amend the Insolvency and Bankruptcy Code (IBC) 2016.

The amendments will remove certain ambiguities in the IBC 2016 and ensure smooth implementation of the code, an official statement said.

The move is aimed at easing the insolvency resolution process and promoting the ease of doing business. Aimed at streamlining of the insolvency resolution process, the amendments seek to protect last-mile funding and boost investment in financially-distressed sectors.

Under the amendments, the liability of a corporate debtor for an offence committed before the corporate insolvency resolution process will cease.

The debtor will not be prosecuted for an offence from the date the resolution plan has been approved by the adjudicating authority if a resolution plan results in change in the management or control of the corporate debtor to a person who was not a promoter or in the management or control of the corporate debtor or a related party of such a person.

The amendments are aimed at providing more protection to bidders participating in the recovery proceedings and in turn boosting investor confidence in the country's financial system.

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News Network
July 17,2020

Thiruvananthapuram, Jul 17: A gunman posted at the United Arab Emirates (UAE) Consulate in Thiruvananthapuram allegedly attempted suicide on Friday, the police said.

"A gunman who was working at the United Arab Emirates (UAE) Consulate in Thiruvananthapuram allegedly attempted to commit suicide today. He is currently admitted to a hospital. 

The police were searching for him after his relatives had filed a missing complaint on Thursday night. A case has been registered and a probe is underway," said Police.

The person is identified as Jayagosh. He is attached to the police Armed Reserve (AR) camp and was reported missing since last night. Later, his relatives had filed a missing complaint with the police.

Jayagosh was later found lying in a pool of blood near his house in Akkulam and was taken to the hospital.

A police investigation is underway and more details are awaited.

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