Mike Pompeo to Seek Stronger Strategic Ties with India despite Trade Tensions

Agencies
June 22, 2019

Washington, Jun 22: U.S. Secretary of State Mike Pompeo will seek to further strengthen strategic ties with India during a visit next week despite increasing frictions over trade, data flows and arms from Russia, officials said.

Mr Pompeo arrives in New Delhi on Tuesday for talks that are aimed at laying the ground for a meeting between U.S. President Donald Trump and Indian Prime Minister Narendra Modi later in the week at a G20 meeting in Japan.

India is embroiled in disputes with the United States over tariffs, Indian price caps on imported medical devices, most from the United States, and Indian rules on e-commerce that impose conditions on the operations of major U.S. companies such as Amazon and Walmart.

Another issue that has alarmed India is the possibility of U.S. restrictions on work visas for Indian professionals in retaliation for India's insistence on local data storage by big foreign firms, even though the State Department said on Thursday it had no such plan.

"U.S.-India trade ties, at least between our capitals, are certainly worsening. We both have leaders who look at trade as a zero-sum game," said Richard Rossow, a U.S.-India expert at Washington's the Center for Strategic and International Studies.

The Indian government led by PM Modi, who was re-elected last month with a big majority, says it has been trying to negotiate solutions to the disputes with the United States but that, as a developing country, it has to protect the interests of its people.

Donald Trump has repeatedly criticised India for its high tariffs and last month raised the stakes with the withdrawal of a decades-old trade privilege.

Indian and U.S. officials said trade would be addressed during Mike Pompeo's visit but emphasised the broader political and security relationship.

"There will be certain issues between us that will be on the table at all points of time," an Indian government official said. "But it should not detract from the overall direction of the relationship, which is positive."

Both countries are wary of the growing might of China.

U.S. officials said Mr Pompeo will seek to advance the U.S. strategic partnership with India.

"India is a crucial partner in the Trump administration's vision for a free and open Indo-Pacific region; It shares our concerns about challenges to our shared interests in the region," a senior official of the U.S. State Department told reporters on Friday.

The official said Mr Pompeo would "talk specifically ... about expanding security, energy and space cooperation," and noted that the two countries were gearing up for their first-ever tri-service military exercises in the Bay of Bengal later this year.

At the same time, the U.S. side was hoping the visit would provide a "kick-start" to move quickly to resolve longstanding irritants over trade and market access for U.S. firms.

"A serious process, a credible process and a candid process is going to be critical," the official said. "We need to get a conversation started quickly."

India and the United States eyed each other warily over decades of Cold War suspicion, when India was closer to the then Soviet Union.

But the United States has become one of India's top arms suppliers over the past decade, selling more than $15 billion of weapons such as transport planes, long-range submarine hunters and helicopter gunships.

U.S. firms Lockheed Martin and Boeing are in the race for a contract to build 110 fighter planes in a deal estimated at $20 billion.

In 2016, the United States declared India a major defence partner, opening the way for sales of high-tech military equipment seen as part of a U.S. aim to build up the country as a counterweight to China in the region.

But here too, new strains have emerged over an Indian plan to buy S-400 surface-to-air missile systems from Russia, which can trigger U.S. sanctions under the Countering American Adversaries Through Sanctions Act (CAATSA), prohibiting any engagement with Russia's defence sector.

India, which signed the deal with Russia last year, has been hoping for a waiver, but that has not been forthcoming.

U.S. principal deputy assistant secretary for South and Central Asia, Alice Wells, told Congress this month Washington had "serious concerns" about the possible Indian purchase and there was no available CAATSA waiver when it came to the S-400.

"We are continuing our conversations about how the U.S. or other defence providers could assist India," she added.

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News Network
February 2,2020

Feb 2: Prime Minister Narendra Modi’s second budget in seven months disappointed investors who were hoping for big-bang stimulus to revive growth in Asia’s third-largest economy.

The fiscal plan -- delivered by Finance Minister Nirmala Sitharaman on Saturday -- proposed tax cuts for individuals and wider deficit targets but failed to provide specific steps to fix a struggling financial sector, improve infrastructure and create jobs. Stocks slumped as a proposal to scrap the dividend distribution tax for companies failed to impress investors.

"Far from being a game changer, the budget provides little in terms of short-term growth stimulus,” said Priyanka Kishore, head of India and South East Asia economics at Oxford Economics Ltd. in Singapore. “While income tax cuts will provide some relief on the consumption front, the multiplier effect is low and the overall stance of the budget is not expansionary."

India has gone from being the world’s fastest-growing major economy three years ago, expanding at 8%, to posting its weakest performance in more than a decade this fiscal year, estimated at 5%.

While the government has taken a number of steps in recent months to spur growth, they’ve fallen short of spurring demand in the consumption-driven economy. Saturday’s budget just added to the glum sentiment.

Okay Budget

“It’s an okay budget but not firing on all cylinders that the market was hoping for,” said Andrew Holland, chief executive officer at Avendus Capital Alternate Strategies in Mumbai.

The government had limited scope for a large stimulus given a huge shortfall in revenues in the current year. The slippage induced Sitharaman to invoke a never-used provision in fiscal laws, allowing the government to exceed the budget gap by 0.5 percentage points. The result: the deficit for the year ending March was widened to 3.8% of gross domestic product from a planned 3.3%.

On Friday, India’s chief economic adviser Krishnamurthy Subramanian said reviving economic growth was an “urgent priority” and deficit goals could be relaxed to achieve that. The adviser’s Economic Survey estimated growth will rebound to 6%-6.5% in the year starting April.

The fiscal gap will narrow to 3.5% next year, as the government budgeted for gross market borrowing to rise marginally to 7.8 trillion rupees from 7.1 trillion rupees in the current year. A plan to earn 2.1 trillion rupees by selling state-owned assets in the year starting April will also help plug the deficit.

Total spending in the coming fiscal year will increase to 30.4 trillion rupees, representing a 13% increase from the current year’s budget, according to latest data.

Key highlights from the budget:

* Tax on annual income up to 1.25 million rupees pared, with riders

* Dividend distribution tax to be levied on investors, instead of companies

* Farm sector budget raised 28%, transport infrastructure gets 7% more

* Spending on education raised 5%

* Fertilizer subsidy cut 10%

Analysts said the muted spending plan to keep the deficit in check will lead to more downside risks to growth in the coming months.

“It is very doubtful that the increase in expenditure will push demand much,” Chakravarthy Rangarajan, former governor at the Reserve Bank of India told BloombergQuint, adding that achieving next year’s budget deficit goal of 3.5% of GDP was doubtful.

With the government sticking to a conservative fiscal path, the focus will now turn to central bank, which is set to review monetary policy on Feb. 6. Given inflation has surged to a five-year high of 7.35%, the RBI is unlikely to lower interest rates.

What Bloomberg’s Economists Say:

The burden of recovery now falls solely on the Reserve Bank of India. With inflation breaching RBI’s target at present, any rate cuts by the central bank are likely to be delayed and contingent upon inflation falling below the upper end of its 2%-6% target range.

-- Abhishek Gupta, India economist

Governor Shaktikanta Das may instead focus on unconventional policy tools such as the Federal Reserve-style Operation Twist -- buying long-end debt while selling short-tenor bonds -- to keep borrowing costs down.

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coastaldigest.com news network
January 15,2020

Mangaluru, Jan 15: The coastal city of Mangaluru witnessed a historic event as a sea of humanity converged at the Shah Gardan Maidan in Adyar-Kannur to register their protest against the Citizenship (Amendment) Act (CAA), National Register of Citizens (NRC) and National Population Register (NPR) besides the “categorical mistreatment” of Muslim community at the hands of the police across the country including in Mangaluru.

The protest is jointly being organised by the various Muslim organisations of Dakshina Kannada and Udupi district under the leadership of Muslim Central Committee. 

The main staged is named after Shaheed Jaleel Kudroli and Shaheed Nausheen, who were ruthlessly gunned down by the police during a chaos that erupted on December 19 in the city due to police batten charge against people during a minor protest against NRC. 

Even thought the police had banned public transport and blocked the highway to reduce the number of protesters, around one-and-a-half lakh people had reached the venue when the historic meeting commenced at 2:30 p.m. By 4 p.m. the number of protesters crossed 2 lakh, according to the organisers.

Both sides of the highway were filled with those who came to witness the rally and traffic went haywire along a five-kilometre stretch of the road. The people who took part in the rally were seen waving national flags.

The protest rally was inaugurated by Udupi Khazi Bekal Ibrahim Musliyar. Dua was offered by Dakshina Kannada Khazi Twaka Ahmed Musliyar. 

Addressing the protesters, former IAS officer and activist Kannan Gopinathan alleged that the Centre wants to create fear among all sections of people and silence them. Society began to protest when the government crossed the limits and put curbs on democratic freedom, he claimed.

The Centre thought that they can get away with CAA and NRC. However, people have realised the truth and have started coming out onto the streets, Gopinathan added.

Activist Harsh Mander said the theme of the protest against the CAA and NRC is "national flag in one hand, Constitution is another and people will march forward with love in their hearts”.

“The fight against NRC is the fight for the protection of our Constitution. The BJP is using NRC as a weapon to divide the people after Article 370 and Ram Mandir construction," he said and warned the Centre: “The more you try to divide us, the stronger and united we’ll be”

Human rights activist Shivasundar said the "chowkidar" appointed by the people is now asking them whether they are the real owners of their houses.

The BJP only delivered hollow promises which is evident from the rising unemployment, fall in GDP, farmers suicides and the economic slowdown, he alleged.

MLA UT Khader, MLC BM Farooq, former MLA Mohiyuddin Bava, Muslim central committee president KS Mohammed Masood, Ullal Qazi Fazal Koyamma Tangal, Dakshina Kannada district Wakf committee president UK Monu Kanachur, Sunni Youth Federation state general secretary Abdul Rashid Zaini and Karnataka Samastha Mushavara state secretary UK Abdul Aziz Darimi were present among others.

Also Read: 

#MangaluruAgainstNRC | Undeclared bandh in parts of Dakshina Kannada

‘Who are you? Are you British?’ PFI leader lambasts Mangaluru top cop at anti-NRC protest

Comments

wilfred
 - 
Friday, 17 Jan 2020

useless protest , Modi is not manmohan singh , amit shah is not chidambaram .. they are trained RSS men and once RSS men decide they wont go back .jihadists must understand that they cannot win globe with their mentality , thats why you guys flood christain countries in the name of prosecution and believe only population explosion can achieve your dream of darool uloom .ummah is a total flop and islamic countries are just even unable to face israel , forget about others . as per my observation , hindus were secular before , but nowadays in large no they are quitting this kind of secularism .even 10% of hindus become radicalised then it will be big probelm for anti india forces .muslim organisations are totally misleading muslim community in the name of CAA

 

 

You people made it!, Congratulations-Mangalore
 

I am extremely happy with the grand Success of Adyar kannur Mangalore NRC, CAB, NPR protest on January 15, 2020

It is a Unbelievable turn out. Mangalore people have made history. Alhamdulillah.
It is heartening to see the hard work, dedication and effort put by the leaders & there team to organize this function and bring in to its complete success and spirit. It’s an incredible achievement for Muslim central committee & its other 30 + supportive organizations. Which managed to accomplish so many tasks to its utmost goal set, and In sah Allah all there forthcoming projects will be a complete success. With immense pleasure I congratulate for the commanding leadership .innovative ideas, hard work, sincerity, dedication towards the community causes is highly appreciable

• My heartfelt thanks to the head of all Organizations, members and Volunteers without whose contribution it wouldn’t have achieved this task. The people of our Society have, time and again placed their trust and confidence in the basic values of Humanity. This has shown in the kind of Wishes shown by people from all walks of life. It is very pleasant to see, how Community has responded for a cause
• We the civil society assure our community members that we shall do our best of best to address the problems that society is facing.

 

Vande mataram  RSS chaddil muutaram...they sang like that...

just one call all muslim comes under one banner....what ever law you bring

 

 

Indian
 - 
Wednesday, 15 Jan 2020

Ma Sha Allah. may allah give success.aameen

Saudi
 - 
Wednesday, 15 Jan 2020

Did they sing Vande Mataram???

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Agencies
June 22,2020

The total number of global COVID-19 cases was nearing 9 million, while the deaths have increased to over 467,000, according to the Johns Hopkins University.

By Monday morning, the total number of cases stood at 8,927,195, while the fatalities increased to 467,636, the University's Center for Systems Science and Engineering (CSSE) revealed in its latest update.

With 2,279,306 cases and 119,967 deaths, the US continues with the world's highest number of COVID-19 infections and fatalities, according to the CSSE.

Brazil comes in the second place with 1,083,341 infections and 50,591 deaths.

In terms of cases, Russia ranks third (583,879), and was followed by India (410,461), the UK (305,803), Peru (251,338), Spain (246,272), Chile (242,355), Italy (238,499), Iran (204,952), France (197,008), Germany (191,272), Turkey (187,685), Mexico (180,545), Pakistan (176,617), Saudi Arabia (157,612), Bangladesh (112,306) and Canada (103,078), the CSSE figures showed.

The other countries with over 10,000 deaths are the UK (42,717), Italy (34,634), France (29,643), Spain (28,323), Mexico (21,825) and India (13,254).

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