After Khobragade affair, US wants to move India ties forward

January 24, 2014

Kerry_obamaWashington, Jan 24: Putting the Khobragade affair behind them, the United States hopes to move forward the "broad" and "strong" strategic partnership between "the oldest and the largest democracies in the world."

The sentiment was expressed by US Deputy Secretary of State Heather Higginbottom Thursday at a reception hosted by Indian Ambassador S. Jaishankar at his residence to celebrate India's 65th Republic Day on Sunday.

Attending the reception "on behalf of President (Barack) Obama and the people of the United States," the US official said "India's Republic Day reminds us of the strength of India's democratic institutions and traditions."

"And it also reminds us of the strength of the ties between our people and our governments," Higginbottom said. "As we often say, we have a strategic partnership between the oldest and the largest democracies in the world."

Noting that Jaishankar, who played key role in negotiating the landmark India-US civil nuclear deal, "has a very long and distinguished history of strengthening the partnership between our two nations," she said: "I look forward to working together with him to continue those efforts."

US and India "have a broad range of joint efforts and shared interests that keep propelling us forward," Higginbottom said listing among others their space cooperation, homeland security dialogue, health initiatives, work on climate and energy issues and education cooperation.

The two countries' "strong trade and investment ties fight poverty and drive growth in both countries," she said noting, "We have reached close to $100 billion in bilateral trade each year - numbers that we expect to see increase in the coming years."

"Beyond our bilateral relations, we are strong partners in building an international framework to underpin continued peace and prosperity," Higginbottom said.

"Our regional dialogues, including the US-India-Japan trilateral exchange and the ASEAN Regional Forum, have helped develop a shared vision for stability in Asia and the Indian and Pacific Oceans."

"The bottom line is that this partnership is broad and it is strong," she said expressing confidence that "this relationship will continue to grow for the benefit of all our people."

Meanwhile, at the State Department Spokesperson Marie Harf noted US Secretary of State John Kerry and Indian External Affairs Minister Salman Khurshid had met Wednesday on the sidelines of the Geneva II talks.

"I think the fact that the Secretary sat down with his counterpart to discuss the whole range of issues we deal with India on is a sign that the relationship is moving forward and that we have a lot of work to do," she said.

Asked of the khobragade affair was discussed at the two ministers' meeting and its outcome, Harf said: ".we're trying very hard to move past this. And I know the Secretary believes that as well."

"So again, we'll keep having discussions with the Indian Government when they raise them, but we are very focused on moving the relationship forward."

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Agencies
June 16,2020

Mumbai, Jun 16: Saudi Arabia’s sovereign wealth fund, PIF, is all set to pick up a stake in Jio Platforms, which would complete 25% of Jio’s equity dilution to the investors, said a report by the Gulf News.

Jio Platforms is part of the Reliance Industries empire owned by Mukesh Ambani. The Public Investment Fund (PIF) will acquire 2.33% for an estimated $1.5 billion, the report said.

So far, Jio Platforms has raised investment from 10 different global investors in seven weeks, the latest being TPG Capital buying 0.93% equity for Rs 4,547 crore and private equity firm L Catterton picking up a 0.39% stake for Rs 1894.50 crore.

Jio Platforms has raised a total of Rs 1.04 lakh crore so far from leading global investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR, Mubadala, ADIA, TPG and L Catterton since April 22.

With PIF coming on board, Jio Platforms would have diluted 25% of its equity. That's the maximum they intend to dilute to financial investors, which includes Mark Zukerberg's Facebook.

Any new investors coming on board in future will have to be "strategic investors, a tech giant, for instance," said a source who was part of the deal-making process, the report said.

In recent days, Jio Platforms, which will merge telecom, content streaming, gaming and ecommerce features into its app, has seen Abu Dhabi's Mubadala and ADIA pick up significant stakes amounting to $1.2 billion and $750 million, respectively.

Reliance Industries' owner, Ambani, Asia's richest man, has been on an investor acquisition spree, with the likes of Facebook and private equity majors such as KKR and Silver Lake Capital investing in Jio Platforms.

The contours of the deal with Saudi Arabia's PIF was finalised during Ramadan. "It was always Mukesh Ambani's wish to have a special relationship with Saudi Arabia and the UAE," said Anshuman Mishra, a London-based confidante and family friend of the Ambani family of longstanding, Gulf News quoted as saying.

He has also worked extensively with Gulf sovereign wealth funds over the years.

"Saudi Arabia's coming in to close the financial investor round in Jio is indicative of the special nature of the relationship. This is also indicative of the multi-billion-dollar partnership announced last year with Saudi Aramco.

"This is a major success for the present Indian government's foreign policy initiative in the gulf and symbolic of India's significance in the GCC," it said.

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News Network
April 13,2020

Thiruvananthapuram, Apr 13: Three more people in Kerala tested positive for novel coronavirus disease on Monday, said Chief Minister Pinarayi Vijayan.

"With 3 new COVID-19 cases, the total number of cases in the state has reached 378," said Vijayan at a press conference.

Giving a break-up of the three confirmed COVID-19 cases, he said, "Of the 3 cases, 2 are from Kannur and 1 is from Palakkad."

He further said, "Till date, 15,683 samples tested, out of which 14,829 tested negative."

However, the total number of positive cases is decreasing, the Chief Minister added.

According to a recent update by the Ministery of Health and Family Welfare, the total number of cases in the country has reached 9352.

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Agencies
May 1,2020

New Delhi, May 1: The Centre has finalsed the criteria for delimitation of various zones after May 3. It has identified at least 130 districts as red zones, 284 orange zones and 319 green zones.

According to a letter written by Health Secretary Preeti Sudan to the Chief Secretaries of all States and UTs, all the states have to delineate the containment areas and buffer zones in the identified red and orange zone districts and notify the same.

The letter said, the national capital has at least 11 red zones, Uttar Pradesh 19 red zones, 36 orange zones and 20 green zones while, the state of Haryana has 2 red zones, 18 orange zones and 2 green zones.

The Gautam Buddha Nagar in Uttar Pradesh has been identified as a red zone district while, Ghaziabad has been designated as an orange zone. The national capital has no orange and green zone; there are only red zones according to the letter.

In Maharashtra, Mumbai, Pune, Thane, Nashik come in the red zone.

In West Bengal, Kolkata, Howrah, 24 Parganas -- both North and South have been identified as red zones while Hooghly, Nadia, Murshidabad etc have been marked as orange zones.

In the southern part of India, Kerala has 2 red zones and 10 orange zones, while Tamil Nadu has 12 red zones and 24 orange zones.

The Health Secretary said that the list will be revised on a weekly basis or earlier and communicated to states for further follow-up action in consonance with the directions issued by the Ministry of Home Affairs under the Disaster Management Act, 2005 based on field feedback and additional analysis at state level, states may designate additional red or orange zones as appropriate.

However, states may not relax the zonal classification of districts classified as red or orange as communicated by the Ministry. This classification is multi-factorial and takes into consideration incidence of cases, doubling rate, extent of testing and surveillance feedback to classify the districts.

A district will be considered under green zone, if there are no confirmed cases so far or there is no reported case since the last 21 days in the district.

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