India is very important inspiration: UN cheif Guterres

Agencies
June 9, 2018

United Nations, Jun 9: Describing India as a "very important inspiration" for the international community, UN chief Antonio Guterres has commended the country for its leadership in a development partnership fund with the UN that he said has emerged as a vital example of deepening South-South cooperation.

Guterres thanked India for its "strong commitment to multilateralism" and to partnership with the United Nations, which he said is expressed in many ways across the global agenda and seen through the activities of this "important" fund.

“India played a very important role in shaping the Sustainable Development Goals. And even before the Goals were crystallized, India’s own development efforts and vision reflected many of the same priorities and aspirations. India is, for all of us, a very important inspiration,” Guterres said in his remarks to an event marking the first anniversary of the India-UN Development Partnership Fund.

“The Fund shows the further deepening of South-South cooperation, an increasingly valuable dimension of our work for development,” the Secretary General said.

The UN Chief, who is expected to visit India later this year, commended India for its “leadership and solidarity”, saying he looks forward to further engagement with the country on the fund.

“And I will have the opportunity soon in Delhi to congratulate the Indian government on this very very important initiative,” he said at the event here yesterday attended by several UN Ambassadors and diplomats.

The India-UN Development Partnership Fund was launched last year with the aim of assisting projects for the implementation of the Sustainable Development Goals (SDGs) in partner countries. It supports Southern-owned and led, demand-driven, and transformational sustainable development projects across the developing world, with a focus on least developed countries and small island developing states.

The fund is managed by the UN Office for South-South Cooperation and UN agencies implement the Fund’s projects in close collaboration with partnering governments. The Indian Government has committed an amount of 100 million dollars over ten years.

In April 2018, the Government of India established a separate Commonwealth Window under the Fund aimed at partnership with developing countries in the Commonwealth. Under this window, an additional sum of USD 50 million over the next five years has been committed for partnerships with developing country members of the Commonwealth. Projects supporting biomedical waste management in Grenada, clean energy in Tuvalu and census data collection in Vanuatu have been approved under this window.

Guterres said that South-South cooperation between developing nations is not an instrument aimed at replacing North-South cooperation between developed and developing nations.

“South-South cooperation is not an instrument for the commitments that were made by developed countries now to be put aside. South-South cooperation must be a stimulus for an intensified North-South cooperation, for the Addis Ababa agenda to be fully implemented and for everybody to assume their responsibilities in the context of a world in which we want a fair globalization, in which justice prevails in international relations,” he said.

India’s Permanent Representative to the UN Syed Akbaruddin said that from the first project of a million dollars, the annual contribution and portfolio of projects has multiplied several times within the first year of the fund’s operation.

Calling for a “1-2-3 process”, Akbaruddin urged the Secretary General to ensure that the speed of implementation of projects entrusted to the UN agencies is enhanced.

Explaining the 1-2-3 process, Akbaruddin said funds are put up up-front and the mechanisms for assessing a project from the partner countries and accepting it in consultation with the South-South Fund has been cut down to less than a month. “So that is part 1,” he said. He added that Part 2 entails that each of the projects in this Fund are implemented quickly and completed within a two-year period, none going beyond the 3rd year.

“Only then can we call it the 1-2-3 process with true meaning and effectiveness. We look forward to the reformed system being put in place from January 1, 2018 providing greater efficiency and effectiveness to the UN’s facilitation of sustainable development efforts across the world and ensuring a 1-2-3 process for triangular cooperation with the Global South,” Akbaruddin said.

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June 25,2020

Islamabad, Jun 25: The coronavirus cases in Pakistan crossed the 192,000-mark after 4,044 new Covid-19 infections were detected in the last 24 hours, the health ministry said on Thursday.

According to the Ministry of National Health Services, 148 more people died due to the deadly virus in the country, taking the death toll to 3,903.

With the detection of 4,044 new cases in the last 24 hours, the coronavirus tally in the country now stands at 192,970, it said.

Sindh reported a maximum number of 74,070 infections, followed by 71,191 in Punjab, 23,887 in Khyber-Pakhtunkhwa, 11,710 in Islamabad, 9,817 in Balochistan, 1,365 in Gilgit-Baltistan and 930 in Pakistan-occupied Kashmir.

A total of 81,307 patients have recovered so far from the disease.

Health authorities have so far conducted 1,171,976 coronavirus tests, including 21,835 in the last 24 hours.

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News Network
February 4,2020

Feb 4: Amid the agitations against Citizenship Amendment Act, National register of Citizens and National Population Registration across the country, Prime Minister Narendra Modi on Monday said that there is a "political design" behind all these protests including in Delhi's Jamia and Shaheen Bagh to ruin the harmony of the nation.

"Be it Seelampur, Jamia or Shaheen Bagh, protests held over the past several days regarding the Citizenship Amendment Bill. Is this just a coincidence? No. This is an experiment," said Prime Minister Narendra Modi in his first election rally for Delhi polls at Karkardooma.

"There is a political design behind all these protests including Jamia and Shaheen Bagh. These protests are a conspiracy to divide India. These protests are going to ruin the harmony of the nation," he asserted.

Lambasting the opposition parties including Congress and Aam Aadmi Party for supporting the ongoing protests, he said: "But AAP and Congress are provoking people. Constitution and tricolor are being kept in front and attention is being diverted from the real conspiracy."

"These people were doubting the ability of our forces during surgical strikes. Do citizens of Delhi want such people in power? These people are saving those who want to break India into pieces," he added.

People have been protesting at Jamia and Shaheen Bagh against CAA, NRC and NPR. Members of the Opposition have deemed CAA "discriminatory and anti-Constitution" while the Centre has maintained that the new law has no effect on Indian citizens.

Recently, two firing incidents took place near Jamia Millia Islamia University.On Sunday night, the firing incident was reported near gate number five at the university following which people including some students of the varsity gathered outside the Jamia Nagar police station. They returned from the Jamia Nagar police station after their complaint was registered.

Earlier, a student sustained injuries after a young man fired at the protestors near Jamia.

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abdullah
 - 
Tuesday, 4 Feb 2020

Once again incorrect statement and only to divert people attention.  Every one knows who is ruining image of our nation.   this govt has completely failed in all aspects and trying to survive by misguiding the citizens.  Economy is reaching zero and GDP is coming down day by day, Banks and industries on getting closed. youths are unemployed due to no chance.   However, Govt is giving false statement that nothing to worry and our economy if growing.   this govt has brought black bills of CAA and MPR only to divide the society and keep them engaged and forget the falling economy.   If this situation continues, our nation will be one of the poorest countries in the world.   This govt is trying to sell all Govt hold units like Railway, Insurance, etc to private companies only to help the industrialists and to get commission from them.    LIC was running in profit till 4 to 5 years back, but now its running in loss.   Huge amount of money from LIC is taken by Govt to hide the downfall of economy.   Only God can save our country from the hands of present looters + decoits.  

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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