World's factory and world's back office need to combine: Xi

September 17, 2014

New Delhi, Sep 17: China is ready to contribute to India's development with its rich experience in infrastructure building and manufacturing and Indian IT and pharma companies are welcome to seek business opportunities in the Chinese market, Chinese President XI Jinping has said as he arrives in India on a three-day visit.

Worlds factoryIn an special article titled "Towards an Asian century of prosperity" in the Hindu daily, Xi said that "the combination of the 'world's factory' (China) and the 'world's back office' (India) will produce the most competitive production base and the most attractive consumer market".

He said India under the new government of Prime Minister Narendra Modi is committed to building a strong and modern "Shreshtha Bharat", and India and China need to connect their development strategies closely and jointly pursue their common dream of national strength and prosperity.

Visiting India, "an enchanting and beautiful land that has captured world attention" after 17 years, Xi says that "the 'Story of India' has spread far and wide".

"With the new government coming into office, a new wave of reform and development has been sweeping across India, greatly boosting the confidence of the Indian people and attracting keen international interest in its opportunities."Xi wrote that ties between India and China "have made significant progress in the new century".

"The strategic and cooperative partnership for peace and prosperity has been established. China has become India's largest trading partner, with their bilateral trade volume increasing from less than $3 billion early this century to nearly $70 billion. Mutual visits reached 820,000 last year. We have had close coordination and cooperation on climate change, food security, energy security and other global issues and upheld the common interests of our two countries as well as the developing world as a whole."

On the festering boundary issue, Xi says: "Progress has been made in the negotiations on the boundary question, and the two sides have worked together to maintain peace and tranquillity in the border area. China-India relations have become one of the most dynamic and promising bilateral relations in the 21st century."

"Our bilateral relations have reached where they are today as a result of the following efforts: we have deepened mutual trust by strengthening strategic dialogue and enhancing political confidence; we have brought more benefits to each other by expanding the areas of cooperation and making the pie of common interests bigger; we have forged closer friendship by encouraging more people-to-people exchanges and cementing popular support for our bilateral relations; and we have treated each other with sincerity by respecting and accommodating each other's concerns and properly managing problems and differences."

He says that both countries are now "in a crucial stage of reform and development". The Chinese "are committed to realising the Chinese dream of great national renewal" and deepening reform in all sectors.

"The goal has been set to improve and develop the socialist system with Chinese characteristics and advance the modernisation of national governance system and capability. A total of over 330 major reform measures covering 15 areas have been announced and their implementation is well underway."

He said Modi is keen to provide a clean and efficient administration and improve infrastructure and "The Indian people are endeavouring to achieve their development targets for the new era".

"China and India are both faced with historic opportunities, and our respective dreams of national renewal are very much aligned with each other. We need to connect our development strategies more closely and jointly pursue our common dream of national strength and prosperity."

He said both countries "need to become closer development partners who draw upon each other's strengths and work together for common development".

"As the two engines of the Asian economy, we need to become cooperation partners spearheading growth. I believe that the combination of China's energy plus India's wisdom will release massive potential."

He pushed for his Silk Corridor project, saying India and China "need to jointly develop the BCIM (Bangladesh-China-India-Myanmar) Economic Corridor, discuss the initiatives of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, and lead the sustainable growth of the Asian economy."

"As two important forces in a world that moves towards multipolarity, we need to become global partners having strategic coordination." According to Modi, China and India are "two bodies, one spirit".

"I appreciate this comment. Despite their distinctive features, the 'Chinese Dragon' and the 'Indian Elephant' both cherish peace, equity and justice. We need to work together to carry forward the Five Principles of Peaceful Coexistence (the Panchsheel), make the international order more fair and reasonable, and improve the mechanism and rules of international governance, so as to make them better respond to the trend of the times and meet the common needs of the international community."

Xi said he looks "forward to an in-depth exchange of views with Indian leaders on our bilateral relations during the visit, and to injecting new vitality to our strategic and cooperative partnership for peace and prosperity".

"I am confident that as long as China and India work together, the Asian century of prosperity and renewal will surely arrive at an early date."

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

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JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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Agencies
August 5,2020

Ayodhya,  Aug 5: The Saryu Ghat was seen decorated ahead of the foundation stone-laying ceremony of the Ram Temple in Ayodhya on Wednesday.

In wake of the COVID-19 pandemic, sanitisation work was also done at the Hanuman Garhi temple in the morning ahead of the Prime Minister's visit. Strict security and COVID-19 protocols will be followed at the temple.

Prime Minister Modi will perform 'pooja' at Hanuman Garhi and Shree Ramlala Virajman before performing 'bhoomi pujan' of the Ram Temple in Ayodhya, the Prime Minister's Office (PMO) had informed on Tuesday.

He will unveil a plaque to mark the laying of the foundation stone and also release a commemorative postage stamp on 'Shree Ram Janmabhoomi Mandir'.

Around 175 eminent guests have been invited for the ‘bhoomi pujan’ of the Ram Janmbhoomi Mandir. Besides Prime Minister Modi, RSS chief Mohan Bhagwat, Mahant Nritya Gopaldas Maharaj, Uttar Pradesh Governor Anandiben Patel and Uttar Pradesh Chief Minister Yogi Adityanath will be present on stage.

"175 eminent guests have been invited for the ‘bhoomi pujan’ of Shri Ram Janmbhoomi Mandir. 135 Pujya Sants belonging to 135 spiritual traditions will be present in the programme. Some eminent citizens of Ayodhya have also been invited," as per Shri Ram Janmbhoomi Teerth Kshetra.

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Agencies
August 5,2020

Ayodhya, Aug 5: Prime Minister Narendra Modi on Wednesday recalled the significance of the path of 'maryada' associated with Lord Ram in the backdrop of the situation created by COVID-19 and emphasised the importance of social distancing and wearing face masks.

He said that the current situation demands 'maryada' should be 'do gaz ki doori, mask hai zaroori' and exhorted everyone to follow it.

In his speech after laying the foundation stone of the Ram Temple in Ayodhya, the Prime Minister said the temple of Lord Ram will inspire and guide humans for ages to come.

He said that the path of `maryada' followed by Lord Ram is all the more necessary today in the situation created by COVID-19.

"The `maryada' (need) today is do gaj ki doori, mask hai jaroori (keep distance of two yards, wear mask). The Almighty may keep all the citizens healthy and happy, this is my prayer. The blessings of Mother Sita and Shri Ram be always there on the citizens," he said.

The Prime Minister termed the occasion as historic and said that India is starting a glorious chapter when people across the country are excited and emotional to have finally achieved what they had been waiting for centuries.

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