Ahead Of India Visit, Mike Pompeo's Spin on BJP's Election Slogan

Agencies
June 13, 2019

Washington, Jun 13: US Secretary of State Mike Pompeo, scheduled to visit India later this month, has put his own spin on the popular BJP election slogan - "Modi hai toh mumkin hai."

"As Prime Minister (Narendra) Modi said in his latest campaign, 'Modi hai to mumkin hai,'' or 'Modi makes it possible'', I am looking forward to explore what's possible between the US and India," Mike Pompeo said speech at the India Ideas Summit of US-India Business Council on Wednesday.

"I am very much looking forward to my trip to New Delhi later this month, and meeting PM Modi, and my new counterpart, External Affairs Minister S Jaishankar," he said.

Mike Pompeo listed out some of the "big ideas and big opportunities" that can take bilateral relationship between US and India to a new level.

He said differences between the two countries remain in some of the key trade and business issues, he acknowledged. "But we remain open to dialogue and hope our Indian friends will drop their trade barriers and trust in the competitiveness of their exporters and private-sector companies," he said.

Giving  preview of his India mission, he said he truly believes the two nations have a unique opportunity to move forward together for the good of their people, the Indo-Pacific region, and the world.

Mike Pompeo will travel to India, Sri Lanka, Japan and South Korea from June 24 to 30. His four-nation is aimed at deepening US partnerships in the strategic Indo-Pacific region.

He said under President Donald Trump, the US has taken defence cooperation to newer heights, solidified their common vision for the Indo-Pacific and taken a far tougher stand on Pakistan's unacceptable support for terrorism.

"Forging strong ties means formalizing these individual friendships. Last year, we kicked off the ''2+2 dialogue'' alongside the Department of Defence. We''ve also reinvigorated the Quad Dialogue among India, the United States, Japan, and Australia - all like-minded democracies in the Indo-Pacific. These are all good steps," he said.

India and the US, he said, must embrace the strategic framework that works for both the nations. "We respect India as a sovereign power, with its own unique politics and strategic challenges. We realise it's different to deal with the likes of China or Pakistan from across an ocean than across a border," he said.

Making a strong case for a free and open Indo-Pacific, he said it starts from the premise that the two share common values of democracy, freedom, and a belief in the ingenuity of the human spirit. "It''s only natural that the world''s most populous democracy should partner with the world''s oldest democracy to maintain their shared vision for the Indo-Pacific."

"Third, we have to deliver," Mike Pompeo said.

The Trump Administration has already enabled American companies to export more high technology items to India, including cutting-edge defence platforms like armed UAVs and ballistic missile defence systems. "We''ve already launched the Asia-EDGE programme, to help India raise private capital to meet its energy security and access needs," he said.

"These are solid achievements, but we want to do much more. We clearly have overlapping interests in defence, energy, and space," said the top American diplomat.

Mike Pompeo said the first batch of India's Apache helicopters are coming off Boeing''s production line in Arizona. Lockheed Martins F-21 and Boeing''s F/A-18 are state-of-the-art fighters that could give India the capabilities it needs to become a full-fledged security provider in the strategic Indo-Pacific region.

"On energy, we want to complete the Westinghouse civil nuclear project, and deliver more American LNG and crude," he said adding that these steps will give Indians reliable and abundant energy and help reduce dependence on regimes like Iran and Venezuela.

On space, NASA is already working with the Indian Space Research Organisation on the world''s most advanced earth-observation satellite and India's second lunar mission.

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Bloomberg
July 27,2020

New Delhi, Jul 27: India’s coronavirus epidemic is now growing at the fastest in the world, increasing 20% over the last week to more than 14 lakh confirmed cases, according to Bloomberg’s Coronavirus Tracker.

Infections in the South Asian nation of 130 crore people have reached 14.3 lakh, including 32,771 deaths, India’s health ministry said, with daily cases close to a record 50,000 on Monday. India is only trailing the US and Brazil now in the number of confirmed infections, but its growth in new cases is the fastest.

Maharashtra, Tamil Nadu, Andhra Pradesh and Karnataka are among the states where the maximum number of daily cares are being reported. The world’s second-most populous country has been ramping up testing, with 515,472 samples taken on Sunday, according to the Indian Council of Medical Research.

Still, India and Brazil have some of the world’s lowest testing rates, with 11.8 tests and 11.93 tests per 1,000 people respectively, compared to the US with 152.98 tests per 1,000 and Russia with 184.34, according to Our World in Data, a project based at the University of Oxford in the UK.

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News Network
July 6,2020

New Delhi, Jul 6: India's COVID-19 tally neared the 7 lakh mark with 6,97,413 cases after 24,248 new cases were reported in the last 24 hours, said the Union Ministry of Health and Family Welfare.

As per the Health Ministry, there are 2,53,287 active cases in the country while 4,24,432 patients have been cured or discharged. While one patient has migrated.

425 new deaths were reported in the last 24 hours in the country due to COVID-19, taking the number of patients succumbing to the deadly virus to 19,693.

As per the Health Ministry, Maharashtra continues to be the most impacted state from the infection with 2,06,619 cases and 8,822 fatalities due to the virus. Tamil Nadu in second place has a total of 1,11,151 cases and 1,510 fatalities.

The national capital's COVID-19 cases are also nearing the 1-lakh mark with 99,444 coronavirus cases and 3,067 deaths.

The total number of samples tested up to July 5 is 99,69,662 of which 1,80,596 samples were tested yesterday, informed the Indian Council of Medical Research on Monday. 

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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