'Will see if interests are fully accommodated in RCEP'

Agencies
November 2, 2019

New Delhi, Nov 2: As he left for his visit to Bangkok, Prime Minister Narendra Modi on Saturday said India will consider whether its concerns and interests in trade in goods, services, and investments are being fully accommodated when he attends the meeting of the Regional Comprehensive Economic Partnership there.

Modi is travelling to Bangkok to participate in the 16th ASEAN-India Summit on November 3. He will also attend the 14th East Asia Summit and the 3rd Summit meeting of nations negotiating a Regional Comprehensive Economic Partnership (RCEP) agreement on November 4.

In a statement before his departure, the prime minister said during the visit, he will also hold bilateral meetings with a number of other world leaders present at Bangkok for related summit meetings.

"The ASEAN-related summits are an integral part of our diplomatic calendar and an important element in our Act East Policy. Our partnership with ASEAN is built around the key pillars of connectivity, capacity-building, commerce and culture," he said.

In January 2018, India had celebrated the 25th anniversary of its Dialogue Partnership with ASEAN in a special commemorative Summit in New Delhi where leaders of all 10 ASEAN states were chief guests at the Republic Day parade, he pointed out.

The prime minister said he will be reviewing with ASEAN partners, India cooperative activities, and examining plans for strengthening ASEAN and ASEAN-led mechanisms, enhancing connectivity (sea, land, air, digital and people-to-people), deepening economic partnerships, and expanding maritime cooperation.

The East Asia Summit (EAS) is today the leading element in the regional cooperative architecture, as a singular, leaders-led structure that is centred around ASEAN, and includes as members major countries in the region or with important interests in it, he said.

"We will be reviewing significant regional and global issues on the Agenda of the EAS, and examining the state of our current programmes and projects. I will also focus on our Indo-Pacific strategy, on which I am happy to note strong convergences with ASEAN partners and others at the EAS," Modi said.

At the RCEP Summit, India will take stock of the progress in RCEP negotiations, he said.

"We will consider all issues including whether India's concerns and interests in trade in goods, services, and investments are being fully accommodated, during this summit," the prime minister asserted.

Other elements of his visit include participating in a special leaders luncheon event on November 4, organised by the prime minister of Thailand, as chair of ASEAN on sustainability.

"I will also attend a reception organised by the Indian community in Thailand on November 2 (Saturday evening). People of Indian Origin and non-resident Indians have made significant contributions to Thailand and to the important relationship India shares with the Kingdom of Thailand," Modi said.

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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News Network
May 13,2020

New Delhi, May 13: Vice President M. Venkaiah Naidu on Wednesday said that Prime Minister Narendra Modi's announcement of Rs 20 lakh crore stimulus package "will go a long way in overcoming challenges" posed by the COVID-19 pandemic.

"Welcome the Rs. 20 lakh crore stimulus package announced by the Prime Minister, Shri Narendra Bhai Modi Ji to revive economy, boost efficiency of various sectors through reforms & make India self reliant and resilient. #AtmaNirbharBharatAbhiyan," the Vice President tweeted.

Calling the reforms as the "need of the hour", he further said: "Bold reforms are the need of the hour to realize the dream of #AtmanirbharBharat."

Expressing confidence in the five-pillar approach, he said that it would help promote local industries "while making India face global competition effectively".

"I am confident that a focused approach on the five pillars- Economy, Infrastructure, Technology driven System, Vibrant Demography & Demand--will promote local industries led growth while making India face global competition effectively. #AtmaNirbharBharatAbhiyan," he said.

"I am certain this timely economic package will go long way in overcoming challenges posed by the unprecedented COVID-19 pandemic. #AtmaNirbharBharatAbhiyan #IndiaFightsCorona," he wrote on the micro-blogging site.

The Prime Minister had on Tuesday announced Rs 20 lakh crore special economic package for the country to become 'self-reliant' and deal with COVID-19.

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News Network
June 8,2020

Jaipur, Jun 8: An inquiry has been initiated against staff of a private hospital in Rajasthan's Churu district after receiving screenshots of a purported WhatsApp chat in which they allegedly discussed about not attending to Muslim patients affected by COVID-19, police said on Sunday.

Screenshots of the chat between the hospital staff had gone viral following which an investigation has been initiated, they said.

Dr Sunil Choudhary, who runs the Srichand Baradiya Rog Nidan Kendra in Sardarshahar and whose staff purportedly wrote the messages, apologised through a Facebook post, saying the hospital staff did not have any intention to hurt any religious groups.

"We have received a complaint following which we are taking action to register FIR in the matter," Churu Superintendent of Police Tejaswini Gautam said.

Sardarshahar police station SHO Mahendra Dutt Sharma said the police control room had received a complaint regarding screenshots of the chat being circulated on social media. "We are inquiring into the matter. An FIR will be registered against the names mentioned in the WhatsApp chat," Sharma said.

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