India an incredibly close counter-terrorism partner of the US: Trump Administration

Agencies
March 1, 2018

Washington, Mar 1: Describing India as an "incredibly valuable and close counter-terrorism partner" of the US, the Trump Administration on Thursday said the future is "very bright" for bilateral co-operation in this arena.

US Counter-terrorism Coordinator, Nathan Sales credited the meetings between Prime Minister Narendra Modi and Trump early in the latter's tenure as the reason behind a "powerful" partnership between the two nations.

"India is an incredibly important, incredibly valuable and incredibly close counter-terrorism partner of the US," Sales told reporters during a teleconference at the conclusion of the conference on Law Enforcement Efforts to Defeat ISIS.

"The President (Trump) and the Prime Minister (Narendra Modi) held a very, very productive series of meetings earlier in the administration, and in response to that set of meetings, the US government and the Indian government have forged ahead to create a really powerful partnership," he said.

Sales said the Trump Administration has announced in the US a number of designationsrelated to terrorist threats that India faces.

In 2016, the US entered into an arrangement with India to share information about known and suspected terrorists.

"I think the future is very bright for US-India counter-terrorism corporation," Sales said.

Sales said South Asia is one of the areas of the world where ISIS has an increasingly robust presence.

"Bangladesh is a good example of this. The Holey Artisan Bakery attack in July of 2016 in Dhaka killed 22 people," he said.

The US is also tracking in South Asia the ISIS Khorasan affiliates of ISIS becoming increasingly ambitious and increasingly active, he said.

"We are working with our partners in the region to develop a shared understanding of the threat that these organisations pose to us in the US and pose to local governments. We are also working with those partners to develop a set of responses," said Sales.

Those responses include things like information-sharing, exchanging data about known and suspected terrorists, improving border security efforts to spot terrorists as they travel from conflict zone to conflict zone.

"I am confident that by bringing together partner nations who have a common understanding of the threat we face that we'll be able to address this," he said.

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Agencies
January 4,2020

Kota, Jan 4: Following the death of an infant in the morning, the death toll in JK Lon Hospital here has risen to 107, officials said on Saturday.

A three-member state government committee of doctors, who was sent to investigate the matter on December 23 and 24, found that Kota's JK Lone Hospital is short of beds and it requires improvement.

However, the committee gave a clean chit to the doctors for any lapses over the recent death of infants admitted there.

A Central government team reached the hospital on Saturday to take stock of the situation.

As per the government report, at least 91 infants lost their lives at the government hospital in December last year.

Meanwhile, the National Human Rights Commission (NHRC) has issued a notice to Chief Secretary of Rajasthan to submit a detailed report within 4 weeks about the steps being taken to address the issue.

The Commission also asked the Chief Secretary to ensure that such deaths of the children do not recur in future due to lack of infrastructure and health facilities at the hospitals.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
March 30,2020

Mar 30: Thomas Schaefer, the finance minister of Germany's Hesse state, has committed suicide apparently after becoming "deeply worried" over how to cope with the economic fallout from the coronavirus, state premier Volker Bouffier said Sunday.

Schaefer, 54, was found dead near a railway track on Saturday. The Wiesbaden prosecution's office said they believe he died by suicide.

"We are in shock, we are in disbelief and above all we are immensely sad," Bouffier said in a recorded statement.

Hesse is home to Germany's financial capital Frankfurt, where major lenders like Deutsche Bank and Commerzbank have their headquarters. The European Central Bank is also located in Frankfurt.

A visibly shaken Bouffier recalled that Schaefer, who was Hesse's finance chief for 10 years, had been working "day and night" to help companies and workers deal with the economic impact of the pandemic.

"Today we have to assume that he was deeply worried," said Bouffier, a close ally of Chancellor Angela Merkel.

"It's precisely during this difficult time that we would have needed someone like him," he added.

Popular and well-respected, Schaefer had long been touted as a possible successor to Bouffier.

Like Bouffier, Schaefer belonged to Merkel's centre-right CDU party.

He leaves behind a wife and two children.

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