India launches 2nd IT corridor in China to gain access to big Chinese market

Agencies
May 28, 2018

Beijing, May 28: India on Saturday launched its second IT corridor in China to cash in on the burgeoning Chinese software market which remained elusive despite the presence of top Indian technology firms.

The National Association of Software and Services Companies (NASSCOM) has established one more Digital Collaborative Opportunities Plaza (SIDCOP) platform in China in an effort to provide market access to Indian IT firms in the huge Chinese market, the NASSCOM said.

Agreements worth RMB 36 million (about USD six million) were signed between Indian service providers and Chinese customers at the launch of the corridor by China's Guiyang Municipal government and the NASSCOM, a NASSCOM official said.

The pilot projects launched on the SIDCOP platform would be executed over the next year, a NASSCOM statement said.

Last December, the NASSCOM established its first SIDCOP platform in the Chinese port city of Dalian, which is India's first IT hub in China.

India's top IT firms have a big presence in China, specially multi-nationals and IT Corridor at Dalian which are expected to provide a gateway for the Indian IT-small and medium-sized enterprises. The Dalian IT corridor was formally launched few days ago.

While Dalian corridor's focus was on IOT (Internet of Things), the Guiyang corridor will focus on Big Data, Gagan Sabharwal, Senior Director, Global Trade Development NASSCOM said. The platform in Guiyang intends to create online and offline presence to promote a "co-create culture" between two large neighbours in the Big Data space, he said.

Speaking at the launch of the Guiyang IT corridor, India's Ambassador to China Gautam Bambawale said the corridor which visualises collaboration between member companies of the NASSCOM and the Guiyang city authorities is aimed at setting up local offices and assisting companies from Guiyang to establish software and IT units in India.

An Indian company named 'Zeta-V' will establish an Artificial Intelligence enabled platform for SIDCOP to bring together the IT requirements of Chinese companies, particularly in Guiyang, and Indian companies which have solutions to offer, Bambawale said.

"In this way, we will be marrying together the requirements of Chinese companies with the capabilities of Indian IT service providers. We visualise that these initiatives will give a big impetus to cooperation between India and China in the IT-enabled services sector," he said.

Referring to last month's informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping, the envoy said, "India-China relations are progressing well, particularly after the Informal Summit".

"The two leaders decided to meet at an informal summit so that they could have candid, free and open discussions with each other aimed at enhancing strategic communication between them," he said.

The two leaders spoke with each other for almost 10 hours at Wuhan and discussed their goals and objectives for their countries, how they viewed the fast-changing international situation and in this context how they would like to see India-China bilateral ties developing over the coming months.

"As a result of these unprecedented discussions between the leaders of India and China, they were able to reach consensus on over-arching and strategic issues. It is now left for the rest of us to take their vision forward," he said.

"As a result of the successful talks between President Xi and Prime Minister Modi at Wuhan, we now have a political environment in which India-China business and commercial ties can expand rapidly," he said

For India, getting access to China's IT market, valued at over USD 493 billion in 2013 by the Ministry of Industry and Information Technology of China, is important to address the massive trade deficit which has now spiralled to over USD 51 billion. The Chinese IT market grew exponentially since then.

India has been demanding China to provide market access to Indian IT and pharmaceutical firms for several years to reduce bilateral trade deficit.

The two corridors, which were started in collaboration with China's provincial governments, are expected to provide the much-needed big opening for Indian IT firms, Sabharwal said.

Considering the potential, Bambawale made a strong case for Indian IT presence in China. "As you all know, India is a world leader in the area of Information Technology and IT enabled services with annual revenue of over USD 164 billion and exports of over USD 120 billion," he said in his address.

"Our IT companies have a presence in more than 70 countries in the world, generating employment for up to 12 million people worldwide. In China, Indian IT companies are present in 10 cities around the country, with a total work-force of around 25,000 employees. However, we believe that the potential for Indian companies to cooperate with China is huge and needs more work and efforts," he said.

Sabharwal said in addition to the Dalian and Guiyang, the NASSCOM is in touch with four other provinces including Wuhan to work out new IT corridors based on local needs. He said negotiations were on with some of the Chinese firms to sign up with big Indian IT firms.

"If that works out it could provide a big opening," he said.

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Agencies
January 21,2020

New Delhi, Jan 21: With the IMF lowering India's economic growth estimate for the current fiscal to 4.8 per cent, senior Congress leader P Chidambaram on Tuesday claimed an attack on the world body and its chief economist Gita Gopinath by government ministers was imminent.

He also alleged that the growth figure of 4.8 per cent given by the International Monetary Fund (IMF) is after some "window dressing" and he won't be surprised if it goes even lower.

"Reality check from IMF. Growth in 2019-20 will be BELOW 5 per cent at 4.8 per cent," Chidambaram said in a series of tweets.

"Even the 4.8 per cent is after some window dressing. I will not be surprised if it goes even lower," the former finance minister said.

IMF Chief Economist Gopinath was one of the first to denounce demonetisation, he noted.

"I suppose we must prepare ourselves for an attack by government ministers on the IMF and Dr Gita Gopinath," Chidambaram said.

The IMF lowered India's economic growth estimate for the current fiscal to 4.8 per cent and listed the country's much lower-than-expected GDP numbers as the single biggest drag on its global growth forecast for two years.

In October, the IMF had pegged India economic growth at 6.1 per cent for 2019.

Listing decline in rural demand growth and an overall credit sluggishness for lowering of India forecasts, Gopinath, however, had said the growth momentum should improve next year due to factors like positive impact of corporate tax rate reduction.

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News Network
February 6,2020

Washington, Feb 6: U.S. president Donald Trump drew on staunch Republican support to defeat the gravest threat yet to his three-year-old presidency on Wednesday, winning acquittal in the Senate on impeachment charges of abuse of power and obstruction of Congress.

Only the third U.S. leader ever placed on trial, Trump readily defeated the Democratic-led effort to expel him from office for having illicitly sought help from Ukraine to bolster his 2020 re-election effort.

Trump immediately claimed "victory" while the White House declared it a full "exoneration" for the president -- even as Democrats rejected the acquittal as the "valueless" outcome of an unfair trial.

Despite being confronted with strong evidence, Republicans stayed loyal and mustered a majority of votes to clear the president of both charges -- by 52 to 48 on abuse of power and 53 to 47 on obstruction of Congress -- falling far short of the two-thirds supermajority required for conviction.

"Two thirds of the senators present not having found him guilty of the charges contained therein, it is therefore ordered and adjudged that the said Donald John Trump be, and he is hereby, acquitted," said Supreme Court chief justice John Roberts, who presided over the trial.

The months-long impeachment of the 45th US leader shone a harsh light on America's political divide, with Trump's core support base united behind him in rejecting it as a "hoax."

One Republican, senator Mitt Romney, a longtime Trump foe, risked White House wrath to vote alongside Democrats on the first count, saying Trump was "guilty of an appalling abuse of public trust." He voted not guilty on the second charge.

But the verdict was never truly in question since the House of Representatives formally impeached Trump in December, and has now cleared out a major hurdle for the president to fully plunge into his campaign for re-election in November.

Trump to speak Thursday

Responding to the verdict, Trump announced he would deliver a formal statement Thursday from the White House "to discuss our Country's VICTORY on the Impeachment Hoax!"

Shortly before, the president tweeted a montage depicting a fake cover of Time magazine declaring him president for all eternity.

The White House declared that Trump had obtained "full vindication and exoneration."

But Nancy Pelosi, the House Speaker and top Democrat in Congress, said that by clearing Trump, the Republicans had "normalized lawlessness."

"There can be no acquittal without a trial, and there is no trial without witnesses, documents and evidence," she said.

"Sadly, because of the Republican Senate's betrayal of the Constitution, the president remains an ongoing threat to American democracy, with his insistence that he is above the law and that he can corrupt the elections if he wants to."

Senate minority leader Chuck Schumer said the acquittal was "virtually valueless" since Republicans refused witnesses at his trial.

'Forever impeached'

The Democrats' intense 78-day House investigation faced public doubts and high-pressure stonewalling from the White House.

Concerned about the political risk for the party, Pelosi rejected a call early last year to impeach Trump on evidence compiled by then-special counsel Robert Mueller that he had obstructed the Russia election meddling investigation.

But her concerns melted after new allegations surfaced in August that Trump had pressured Ukraine for help for his 2020 campaign.

Though doubtful from the outset that they would win support from Republicans, an investigation amassed with surprising speed strong evidence to support the allegations.

The evidence showed that from early in 2019, Trump's private lawyer Rudy Giuliani and a close political ally, Ambassador to the European Union Gordon Sondland, were scheming to pressure Kiev to help smear Democrats, including Trump's potential 2020 rival Joe Biden, by opening investigations into them.

"We must say enough -- enough! He has betrayed our national security, and he will do so again," Adam Schiff, who led the House investigation, argued on the Senate floor this week.

"He has compromised our elections, and he will do so again," Schiff said.

'Colossal' mistake

In the trial, Trump's defence was not seen as having undermined the facts compiled by Schiff's probe, and several Republican senators acknowledged he did wrong.

But his lawyers and Senate defenders argued, essentially, that Trump's behaviour was not egregious enough for impeachment and removal.

And, pointing to the December House impeachment vote, starkly along party lines, they painted it as a political effort to "destroy the president" in an election year and insisted voters should be allowed to decide Trump's fate.

Senate majority leader Mitch McConnell said impeachment will benefit Republicans.

"Right now this is a political loser for them. They initiated it. They thought this was a great idea. At least for the short term, it has been a colossal political mistake."

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News Network
March 3,2020

Chennai, Mar 3: The Madras High Court has ruled that if a working woman gives birth to a child in the second delivery after twins in the first, she is not entitled to maternity benefits as it should be treated as third child.

"As per existing rules, a woman can avail such benefits only for her first two deliveries. Even otherwise it is debatable as to whether the delivery is not a second delivery but a third one, in as much as ordinarily when twins are born they are delivered one after another, and their age and their inter-se elderly status is also determined by virtue of the gap of time between their arrivals, which amounts to two deliveries and not one simultaneous act," the court said.

The first bench, comprising Chief Justice A P Sahi and Justice Subramonium Prasad stated this while allowing the appeal from Ministry of Home Affairs.

It set aside the order June 18 2019 order of a single Judge, who extended 180 days of maternity leave and other benefits to a woman member of the Central Industrial Security Force (CISF) under the rules governing the Tamil Nadu government servants.

The issue pertains to an appeal moved by the ministry, which contended that the leave claim is by a member of CISF to whom the maternity rules of Tamil Nadu would not apply.

She would be covered by the maternity benefits as provided under the Central Civil Services (Leave) Rules, the ministry said.

When the appeal came up for hearing, the bench said it found that a second delivery, which, in the present case, resulted in a third child, cannot be interpreted so as to add to the mathematical precision that is defined in the rules.

The admissibility of benefits would be limited if the claimant has not more than two children, the bench said "This fact therefore changes the entire nature of the relief which is sought for by the woman petitioner, which aspect has been completely overlooked by the single judge", the bench said.

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