Modi to meet Obama in September

June 5, 2014

New Delhi, Jun 5: In what is probably the most significant foreign policy decision taken since he became Prime Minister, Narendra Modi has confirmed to US President Barack Obama that he will have a bilateral meeting with him in Washington in the last week of September this year.

Obama had invited Modi to the US when he called up the PM to congratulate him. Significantly, the meeting won't happen on the sidelines of the United Nations general assembly in New York but in the form of a full-fledged bilateral summit in Washington.

Modi Obama

The two sides are finalizing the date for the meeting which will be in the last week of September, it is learnt. The Modi-Obama summit promises to be one of the foremost international events of the year and will overshadow Modi's presence at UNGA, if he decides to go to New York too.

In taking the decision, Modi has shown that his own predilections, if any, won't come in the way of ties with the US.

He has, in fact, acted with alacrity and decisiveness on what many believe is going to be one of the biggest immediate challenges for India's foreign policy — that of mending India-US ties which had tapered off under UPA-2 and then nosedived with l'affaire Khobragade.

Modi's decision underlines the significance of the US in India's strategic matrix. There was speculation that Modi could focus more on China and South Korea for economic gains and on an improved security partnership with Japan but these are not likely to come at the expense of Washington.

Modi was thought to be inadequately equipped to mend India-US ties because — as some reckoned — he could find it difficult to come to terms with the US hostility towards him after the 2002 Gujarat riots, and the resultant revocation of his US visa. He remained the only person to be barred from traveling to the US for many years under the country's controversial International Religious Freedom Act.

While the UK and EU were quick off the blocks in reaching out to Modi, US was late in responding, but once it did in the form of a meeting former US ambassador Nancy Powell sought with him, Modi has been generous in his response.

In an interview , before he took over as PM, Modi had said that relations between the two countries cannot be allowed to be "even remotely" influenced by incidents related to individuals.

Describing the US as a natural ally, he said it was in the interest of both countries to further develop the relationship.

Modi's decision to confirm the Obama bilateral is also the second big surprise he has sprung on his detractors who thought he would be straightjacketed by his own election campaign, and the baggage he was supposed to have come with on relations with the US.

Despite Pakistan featuring in his speeches, and his admonition of UPA for its 'biryani' diplomacy, Modi successfully invited Pakistan PM Nawaz Sharif for his swearing in.

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News Network
July 10,2020

New Delhi, Jul 10: Nepal has banned all Indian news channels, except DD News, for alleged propaganda against the country.

Reports say that Nepal cable operators have stopped getting signals of Indian news channels.

Nepal government spokesperson Yuvaraj Khatiwada said: "We request all not to disseminate news that infringes sovereignty and self-respect of Nepalis. This includes the media of neighbouring countries. We might seek both political and legal remedies."

Earlier, Nepal has amended its map which show some Indian territory as part of it.

Nepal's parliament on June 13 adopted unanimously the Constitution Amendment Bill, paving the way for accommodating the updated political-administrative map, which includes Indian areas of Kalapani, Lipulekh and Limpiyadhura, in its symbol.

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Agencies
August 4,2020

Ayodhya, Aug 4: Ramarchan puja begins at Ram Janmabhoomi site ahead of the foundation laying ceremony of Ram Temple in Ayodhya.
Ramarchan Puja is a prayer to invite all major gods and goddesses ahead of Lord Ram's arrival.

Mahesh Bhagchandka, one of the trustees of Ashok Singhal foundation as Yajman in the puja said, "This is being conducted at the temporary seat of Ramlalla. The pooja will be conducted in four phases."

Speaking about the third and fourth phases, he said: "In the third phase, Dashrath, father of Lord Ram with his wives will be worshipped and then all three brothers of Lord Ram - Laxman, Bharat and Shatrughan with their wives. Lord Hanuman ji will too be worshipped. Whereas in the fourth phase, Lord Ram will be worshipped."
Meanwhile, security has been heightened in Ayodhya ahead of the foundation laying ceremony.

Temples across the city is decorated with lights, diyas and flowers ahead of the grand event. Patna's Mahavir Mandir Trust is preparing over 1.25 lakh 'Raghupati Laddoos' for the occasion. Thes laddoos will be distributed as 'prasad' to devotees.

Uttar Pradesh Chief Minister Yogi Adityanath on Monday offered prayers at the Hanuman Garhi temple during his visit to Ayodhya to take stock of the preparations for the 'bhoomi pujan'.
He along with officials also visited 'Ram ki Paudi' to inspect the arrangements ahead of the foundation stone laying ceremony.

Prime Minister Narendra Modi is scheduled to lay the foundation stone of the Ram Temple in Ayodhya on August 5. 

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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