Intolerance, unemployment key issues facing India:Rahul Gandhi

Agencies
September 19, 2017

Washington, Sept 19: Congress vice-president Rahul Gandhi has said that intolerance and unemployment are the key issues that pose a serious challenge to India's national security and development.

Gandhi, who is in the US on a two-week-long tour, held a series of meetings, including a roundtable with eminent Indian /South Asia experts hosted by the Center for American Progress (CAP), a Democratic-leaning think tank.

Prominent among the attendees were CAP head Neera Tandon, the former US Ambassador to India, Richard Verma, and Hillary Clinton's top campaign advisor John Podesta.

Lisa Curtis, who heads the South Asia division at the National Security Council of the White House held discussions with Gandhi over a breakfast meeting during which the Trump administration official sought his views on the US-India relationship and the recently announced Afghanistan and South Asia policy of US President Donald Trump, according to the participants of the meeting.

US Chamber of Commerce president and CEO Thomas J Donohue met Gandhi and other senior Congress leaders at an event hosted by US India Business Council (USIBC).

During the meeting, Gandhi expressed concern over the inability of the government to create jobs in India, which he felt was leading the country towards a dangerous situation.

Gandhi also had an off-the-record interaction with the editorial board of The Washington Post, where he shared his anguish over the rising intolerance globally, but in particular in India.

Later in the evening, Gandhi had another closed-door meeting co-hosted by Republican strategist Puneet Ahluwalia and American Foreign Policy Institute.

"I would say, he did not seem to be somebody who did not understand the issue. He has an understanding of the issue. He came across as more of a grassroots understanding leader. Everybody when they left they were pretty much very positive with the interaction," Ahluwalia said.

Gandhi is also believed to have met the Virginia Governor Terry McAuliffe. Participants of these meetings overwhelmingly agreed with Gandhi that the "central challenge" in front of India was jobs and intolerance.

They left the meeting generally impressed with Gandhi's knowledge, clarity of thoughts and candidness.

"(People) said he is exactly opposite than what we were told. They said, he is logical, he thinks well, and he understands the issue," Sam Pitroda, who has been accompanying Gandhi to all of his meetings, said.

He alleged that full-time staff hired by Gandhi's opponents have been creating a negative image of him. Pitroda said Gandhi believes in decentralisation.

The real decisions have to be made at the district level. Gandhi is scheduled to address students of the Princeton University in New Jersey. Indian National Overseas Congress would host a reception for him in New York tomorrow.

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News Network
March 4,2020

New Delhi, Mar 4: The government on Wednesday permitted NRIs to own up to 100 per cent stake in disinvestment-bound Air India.

The decision comes at a time when the government is looking to sell 100 per cent stake sale in the national carrier.

Union minister Prakash Javadekar said the Cabinet has approved allowing Non-Residents Indians (NRIs) to hold up to 100 per cent stake in Air India.

Allowing 100 per cent investment by Non-Resident Indians (NRIs) in the carrier would also not be in violation of SOEC norms. NRI investments would be treated as domestic investments.

Under the Substantial Ownership and Effective Control (SOEC) framework, which is followed in the airline industry globally, a carrier that flies overseas from a particular country should be substantially owned by that country's government or its nationals.

Currently, NRIs can acquire only 49 per cent in Air India. Foreign Direct Investment (FDI) in the airline is also 49 per cent through the government approval route.

As per the existing norms, 100 per cent FDI is permitted in scheduled domestic carriers, subject to certain conditions, including that it would not be applicable for overseas airlines.

In the case of scheduled airlines, 49 per cent FDI is permitted through automatic approval route and any such investment beyond that level requires government nod.

On January 27, the government came out witha Preliminary Information Memorandum (PIM) for Air India disinvestment. It has proposed selling 100 per cent stake in Air India along with budget airline Air India Express and the national carrier's 50 per cent stake in AISATS, an equal joint venture with Singapore Airlines.

Under the latest disinvestment plan, the successful bidder would have to take over only debt worth Rs 23,286.5 crore while the liabilities would be decided depending on current assets at the time of closing of the transaction.

This is the second attempt by the government in as many years to divest Air India, which has been in the red for long.

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News Network
March 4,2020

Tokyo, Mar 4: Takeda Pharmaceutical Co said on Wednesday it was developing a drug to treat COVID-19, the flu-like illness that has struck more than 90,000 people worldwide and killed over 3,000.

The Japanese drugmaker is working on a plasma-derived therapy to treat high-risk individuals infected with the new coronavirus and will share its plans with members of the U.S. Congress on Wednesday, it said in a statement.

Takeda is also studying whether its currently marketed and pipeline products may be effective treatments for infected patients.

"We will do all that we can to address the novel coronavirus threat...(and) are hopeful that we can expand the treatment options," Rajeev Venkayya, president of Takeda's vaccine business, said in the statement.

Takeda said it was in talks with various health and regulatory agencies and healthcare partners in the United States, Asia and Europe to move forward its research into the drug.

Its research requires access to the blood of people who have recovered from the respiratory disease or who have been vaccinated, once a vaccine is developed, Takeda said.

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News Network
January 31,2020

Wuhan, Jan 31: The World Health Organization declared a global emergency over the new coronavirus, as China reported Friday the death toll had climbed to 213 with nearly 10,000 infections.

The UN health agency based in Geneva had initially downplayed the threat posed by the disease, but revised its risk assessment after crisis talks.

suspended or reduced service to China include British Airways, German flag carrier Lufthansa, American Airlines, KLM and United.

Chinese efforts to halt the virus have included the suspension of classes nationwide and an extension of the Lunar New Year holiday.

All football matches across the country also will be postponed, the Chinese Football Association said on Thursday, including games in the top-tier Chinese Super League.

World stock markets tumbled again Thursday on fears that trouble in the "world's factory" would upset global supply chains and dent profits.

Toyota, IKEA, Starbucks, Tesla, McDonald's and tech giant Foxconn were among the corporate giants temporarily freezing production or closing large numbers of outlets in China.

Volkswagen announced Thursday its China joint-venture plants would not start production again before February 9.

US Federal Reserve Chairman Jerome Powell said the coronavirus posed a fresh risk to the world economy.

Throughout China, signs of paranoia multiplied, with residents of some Beijing residential compounds erecting makeshift barriers to their premises.

In one of many similar photos posted online, a man wearing a surgical mask and brandishing a traditional martial arts weapon squatted on a barricade outside a Chinese village, near a sign saying: "Outsiders forbidden from entering".

The crisis has caused food prices to spike, and the central government on Thursday blamed this partly on overzealous preventive measures, issuing a directive banning any roadblocks or other hindrances to food shipments.

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