Modi announces USD 1 bn concessional line of credit to Nepal

August 3, 2014

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Kathmandu, Aug 3: Assuring Nepal that India did not want to interfere in its internal affairs, Narendra Modi, the first Indian Premier to visit the Himalayan nation in 17 years, today emphasised that their border should be a "bridge" and not a barrier even as he announced USD 1 billion Line Of Credit to this country.

As India makes efforts to deepen its diplomatic and economic engagement with its neighbours, Modi said he wanted to see Nepal become a developed nation and was ready to work with that country in all its efforts and offered a "HIT" mantra-- Highways, I-Ways and Transways for its development.

Allaying fears of Indian interference in Nepal's affairs, the Prime Minister said, "Nepal is a truly sovereign nation. We have always believed that it is not our job to interfere in what you do but to support you in the path you decide to take."

Modi, who arrived here on a two-day visit to Nepal, was addressing the Nepalese Constituent Assembly. It is only the second time that a foreign leader was addressing the Parliament with German Chancellor Helmut Kohl being the first to have the honour to deliver a keynote speech in 1990.

Modi was given a thunderous applause as he began his 45-minute speech telecast live nationally with few sentences in Nepali language just hours after his talks with his Nepalese counterpart Sushil Koirala during which the two sides signed three agreements.

"I have come here with the goodwill and love from one and a quarter billion people of India," Modi said in Nepali, which prompted members to thump their desks.

Stating that India's relations with Nepal is as old as the Himalayas and the Ganga, Modi said, "border should be a bridge not a barrier between the two neighbours."

"India has decided to provide Nepal with NRs 10,000 crore (USD 1 billion) as concessional Line Of Credit for various development purposes."

"This amount is separate from the previous assistance that India has already provided to Nepal," Modi said.

Earlier, India had provided USD 250 million Line Of Credit to Nepal through the Exim Bank of India.

The new grant will be utilised for infrastructure development and energy projects as per Nepal's priority, according to Nepalese Foreign Ministry.

Proposing a model development formula for Nepal, Modi said, "I want to HIT Nepal", drawing wide applause from the lawmakers.

Elaborating his strategy, Modi said HIT in his lexicon implies - H:Highways, I:I-ways and T:Transways.

He said these three combined together would pave the way for rapid development of the country and India wants to "give this gift at the earliest".

Modi was earlier given a rousing welcome with his counterpart receiving him at the Tribhuvan International Airport, deviating from protocol for the purpose.

After their talks at Singha Durbar Secretariat, Modi and Koirala witnessed the signing of three agreements including one regarding the amendment of Terms of Reference (TOR) of the Pancheshwar Multipurpose Project on the Mahakali river.

India will provide a grant assistance worth NRs 69 million to supply iodated salt to curb goitre and other diseases related with iodine deficiency under another agreement.

The third agreement relates to cooperation between Nepal Television and Doordarshan, the state-owned television stations of both the countries.

Along with Koirala, Deputy Prime Ministers Bam Dev Gautam and Prakash Man Singh were also present at the airport

During their talks, Modi and Koirala discussed various issues including Nepal's peace process and constitution-drafting process as well as economic issues.

They also touched upon various facets of mutual relations and issues of common interest.

On his way to the Constituent Assembly, Modi stopped his convoy to meet common people.

In his address, Modi told the lawmakers, "Being your neighbour and seeing our experience as a democracy we feel happy at the direction in which you are going. Our only wish is that Nepal's progress reaches as high as the Himalayas."

Modi said India will help Nepal in constructing highways for better connectivity.

India will provide assistance to the country for developing information highways so that "Nepal should not be left behind among the nations of the world."

"Nepal too has to catch up with the digital age and it has to be connected to the world at large," he said.

He said Nepal has abundant potential for developing its hydropower sector and for this purpose India is committed to establish transmission lines for the export and import of electricity.

"I want to double the amount of electricity India is providing Nepal today so we have to lay the transmission lines as soon as possible," the Prime Minister said, adding India wants to buy electricity from Nepal.

"This is my notion of hitting Nepal and you too would agree that it soon becomes a hit," he said.

Striking an optimistic note, Modi said "for now we will remove darkness here and a decade later Nepal will come to our help. This is our bonding".

He said India welcomes and respects the aspirations of a Nepalese Federal Democratic Republic.

Praising the contribution of Gurkha soldiers in India's defence, Modi said India has won no war without the sacrifices by Nepalese soldiers.

"I salute those brave hearts who laid their lives for India," he said. Invoking Sam Manekshaw, the first Field Marshal in the Indian army, Modi said, "Any soldier who says I am not afraid of death would either be lying or is a Gurkha."

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News Network
February 4,2020

New Delhi, Feb 4: Leader of Congress in Lok Sabha, Adhir Ranjan Chowdhury, on Tuesday attacked the BJP over Anantkumar Hegde's controversial remark on Mahatma Gandhi and termed the party as "Ravan ke aulad" (children of Ravana). "Aaj ye Mahatma Gandhi ko gaali dete hain. Ye Ravan ke aulad hain. Ram ke pujari ka ye apmaan kar rahe hain (Today, they abuse Mahatma Gandhi. They are children of Ravan. They are insulting Lord Ram's devotee)," Chowdhury said.

Later, BJP lawmakers object to Chowdhury's statement. Hegde, who is a Lok Sabha MP from Uttara Kannada, had on Saturday said that the freedom struggle led by Mahatma Gandhi was a "drama".

"None of these so-called leaders were beaten up by the cops even once. Their independence movement was one big drama. It was staged by these leaders with the approval of the British. It was not a genuine fight. It was an adjustment freedom struggle," Hegde had said while addressing a public event in Bengaluru. While several Congress leaders, including Karti Chidambaram and BK Hariprasad, have condemned Hegde's remark, BJP leaders too have distanced themselves from it.

Top leadership in BJP is unhappy with Anantkumar Hegde over his controversial remark on Mahatma Gandhi, party sources had said on Monday, adding that he has been asked to issue an unconditional apology.

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coastaldigest.com news network
August 7,2020

 

Kozhikode: An Air India Express flight from Dubai with 190 people on board overshot the Kozhikode tabletop runway on landing there today. The Boeing 737 “fell off” the runway into the valley, broke into two causing death and devastation. 

According to reports, around 20 people were dead including two pilots.

An Air India spokesperson said: “Air India Express flight IX 1344 operated by Boeing 737 aircraft from Dubai to Calicut overshot the runway at Kozhikode at 7.41 pm Friday. No fire reported at the time of landing. There are 174 passengers, 10 infants, two pilots and five cabin crew on board. Rescue operations are on and passengers are being taken to hospital for medical care. We will soon share the update in this regard.”

The Directorate General of Civil Aviation (DGCA) is probing this accident. “Prima facie, the aircraft landed beyond the touchdown point and fell into a valley. It has broken into two. We suspect some casualties. More information is awaited,” said a senior DGCA official.

Taking to twitter, defence minister Rajnath Singh wrote: “Devastating news from Kozhikode, Kerala. I am deeply anguished by the loss of lives due to an accident carrying several passengers on Air India flight. In this hour of grief, my thoughts are with the bereaved families. I pray for the speedy recovery of the injured.”

Foreign minister S Jaishankar tweeted: “Deeply distressed to hear about the Air India Express tragedy at Kozhikode. Prayers are with the bereaved families and those injured. We are ascertaining further details.”

While, senior BJP leader from Kerala K J Alphons tweeted: “Second tragedy of the day in Kerala: Air India Express skids off the run way at Kozhikode, front portion splits , pilot dies and lots of passengers injured . All passengers evacuated. Very lucky the aircraft didn’t catch fire.”

More details are awaited.

Watch video | Air India flight from Dubai skids off runway in Kerala, splits into two pic.twitter.com/qgGxEEG2e3

— coastaldigest.com (@coastaldigest) August 7, 2020

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News Network
March 12,2020

New Delhi, Mar 12: The coronavirus pandemic could deal a crippling blow to the Indian travel and tourism industry, specially with the government suspending all visas, with the economic impact being assessed to run into thousands of crores of rupees. According to industry chamber CII, this is the one of the worst crises ever to hit the Indian tourism industry impacting all its geographical segments - inbound, outbound and domestic, almost all tourism verticals - leisure , adventure, heritage, MICE, cruise, corporate and niche segments.

The whole tourism value chain across hotels, travel agents, tour operations, destinations, restaurants, family entertainment venues and air, land and sea transportation have been hit.

In an impact assessment of the coronavirus pandemic, CII Tourism Committee said inbound foreign tourism of over USD 28 billion in value terms accounts for an average 60-65 per cent between October to March.

"As the news of the virus started picking up from November, the percentage of cancellations started going up in this segment exponentially and is reaching a peak of almost 80 per cent now in March in many Indian locations. The value at risk from this segment will be in multiples of tens of thousands of crores," the CII assessment report said.

With India cancelling all visas, the chamber said the impact "will be worse".

It further said,"The forward bookings for the inbound season of October 2020-March 2021 which should have started picking are all muted. These are showing highly discouraging signs with cancellations of important global travel marts which are marketplaces for contracting for the next season."

It further said there are reports of large scale forward cancellations from NRI segment from developed markets, which account for over 60 per cent during April to September inbound visits.

"Unless the progression of the virus stops, almost the entire value for the remainder of 2020 season is at risk," the report added.

ANAROCK Property Consultants Chairman Anuj Puri said India's hospitality sector will definitely be impacted by the announcement of a global pandemic, and the mounting numbers of confirmed coronavirus cases in the country.

"The cancellation of visas for foreigners as well as the strong advice issued to Indians to refrain from unnecessary travel will have a marked effect. This is the most unsettling healthcare crisis in recent times and hotel bookings will go south," he added.

On Indians being advised to refrain from unnecessary travel, as per the CII report almost 28 million plus Indians are estimated to have travelled outside in 2019 and there were almost 1.8 billion domestic tourist footfalls.

The holiday season of Indians -- those travelling within the country and outside -- is heavy in April-July, October and December.

"The December holiday season of 2019 took an estimated hit of almost 40-50 per cent, the holiday season of April to July 2020 is likely to take a humongous hit which could be as high as 80-100 per cent, unless there is positive news of the progression of virus decreasing," the CII assessment report said.

There are advanced cancellations and highly reduced forward booking pipelines for the holiday season. Only corporates are flying and that too only on highly essential same day travel. Most of the MNCs are advising work from home, stifling travel, it added.

On suspension of visas, MakeMyTrip Group CEO Rajesh Magow told ,"The period between February till the end of March is typically a lean period because of exam season but we are seeing a demand slowdown for the upcoming summer holiday season especially for international travel. The situation remains dynamic making it hard to quantify the actual impact on our business and industry at large."

He further said,"The decision by the government will have an impact on inbound and outbound international travel. So far there are no restrictions or advisories issued for domestic travel."

VFS Global Regional Group COO - South Asia, Middle East and North Africa, Americas Vinay Malhotra said,"While it is too early to comment on the impact of coronavirus on visa application trends, so far, our visa application processes in India continue on schedule as per the mandates of our client governments."

He also said the company is exploring steps to assuage concerns of people about visiting busy public areas due to the nature of the virus by considering discounted rates on courier return services for visa customers who want to avoid returning to the visa centres to pick up their passports.

Besides, he said,"We are also contemplating lower fees for our Visa at your doorstep service, for those customers who are requesting an alternative to visiting the centres to submit visa applications."

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