Modi in Thimphu: Honoured to have a friend like Bhutan

Agencies
August 18, 2019

Aug 18: India’s ‘Neighbourhood First’ policy was evident on Saturday with Prime Minister Narendra Modi and his Bhutanese counterpart Lotay Tshering holding wide-ranging talks in Thimphu to further energise ties and Modi declaring that India was honoured to have a friend like Bhutan. The two countries signed 10 MoUs after the talks in the field of space research, aviation, IT, power and education.

The two leaders jointly inaugurated the ground earth station and Satcom network, developed with assistance from Isro for utilisation of South Asia Satellite in Bhutan. “We had a comprehensive meeting, where we deliberated on the relations between India and Bhutan. There is great scope to further improve economic and cultural ties,” Modi said.

On ties with India, Bhutanese PM Tshering said, “India and Bhutan may vary in size but our beliefs, values and motivation are common. Today, I am overwhelmed with the sense pride that the two countries are living the definition of true friendship. This is the truth. This is the way forward.”

Modi also launched RuPay Card in Bhutan by making a purchase at Simtokha Dzong, built in 1629 by Shabdrung Namgyal, which functions as a monastic and administrative centre and is one of the oldest dzongs (fortified building).

“I am very happy that today we have launched RuPay card in Bhutan. This will further enhance our relationship in digital payments, and trade and tourism. Our shared spiritual heritage and strong people-to-people relationship are key of our relations,” said Modi, who is on his first visit since his re-election in May. He also inaugurated the 740 MW Mangdechhu hydroelectric power plant and launched stamps to commemorate five decades of India-Bhutan hydropower cooperation.

“I am very happy to come to Bhutan at the beginning of my second term,” Modi said in a joint press statement after delegation-level talks with his Bhutanese counterpart Lotay Tshering at Simtokha Dzong. “The relations between India and Bhutan are based on the common interests of progress, prosperity and security of the people of both countries,” Modi said as he described Bhutan as “special friend” of India.

“Today, we have achieved another historic milestone of this journey with the inauguration of the Mangdechhu project. With the cooperation of both countries, hydro-power generation capacity in Bhutan has crossed 2,000 MW. I am confident that we will also take other projects forward very fast,” he said. On increasing the currency swap limit for Bhutan under the Saarc currency swap framework, Modi said India’s approach was “positive”. He said an additional $100 million will be available to Bhutan under a standby swap arrangement to meet the foreign exchange requirement.

On ties with India, Tshering said, “On his (PM Modi) first visit to Bhutan in 2014, I remember him saying that Bhutan and India are close not because we have open borders, but because we have opened our hearts to each other. Your visit this time shows how much you meant it.”

“It is a privilege for India to be a major partner in the development of Bhutan. India’s cooperation in Bhutan’s five-year plans will continue,” Modi said. He also announced to increase the supply of LPG from India from 700 to 1,000 MT per month to meet the growing needs of the people of Bhutan.

Isro funded Saarc satellite ground station in Thimphu

The satellite ground station in Thimphu, which PM Modi inaugurated on Saturday, is part of the South Asia Satellite or Saarc satellite programme. India had launched the Rs 405-crore satellite on May 5, 2017 as a “free gift” to Saarc members — minus Pakistan. Isro chairman K Sivan told TOI, “The station was set up by Isro with its funds.” He said Isro had conducted a workshop last year and provided information needed to set up the station.

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Agencies
April 23,2020

More and more Indians have become better prepared in the last one month, as far as stocking of their ration, medicine or money is concerned, according to the IANS-CVoter COVID-19 Tracker.

With the second leg of the lockdown half way through and Prime Minister Narendra Modi saying it's a long haul, 57.2% respondents said they have less than three weeks of stock while 43.3% said they have a stock that will last beyond that

However, if one breaks into weeks, most respondents said they are prepared for a week's time. 24.5% respondents said they have ration, medicine or money to last a week. This is closely followed by 21.9 % respondents saying they are ready for a month.

Meanwhile, 20.4 % said they are ready for a couple of weeks. There are 15.8 % who said they are ready for more than a month with food, ration and medicine. A tiny 5.6 % said they are ready with three weeks of stock.

However, there is 12.3% who still seem to live on the edge with less than a week's preparation.

But, the biggest takeaway from the IANS-CVoter COVID-19 Tracker is that in the last one month, a massive segment of society realised that the fight is long and the preparation should also be to last that long.

o put things into context, on March 16 when the tracker started, a whopping 77.1% said they have stock to last for less than a week. More than a month later on April 21, that number jumped to just 12.3%, which essentially means, people have become better prepared for a long-hauled lockdown period.

Similarly, on April 21, a sizable 21.9% respondents claimed they are ready with ration and medicine that will last them a month. On March 16, not even one respondent could claim they have a month's stock. In fact till March 22, just ahead of the announcement of the first lockdown, no respondent the IANS-CVoter tracker said that they have a month's preparation.

Similarly, when the tracker started, 9.9% said they simply ‘don't know'. As on April 21, that number is a big zero.

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News Network
March 2,2020

New Delhi, Mar 2: The Supreme Court on Monday dismissed a curative petition filed by convict Pawan Kumar Gupta who was sentenced to death in the 2012 Nirbhaya gang rape and murder case.

A five-judge bench headed by Justice N V Ramana said that no case is made out for re-examining the conviction and the punishment of the convict.

Other members of the bench were justices Arun Mishra, R F Nariman, R Banumathi and Ashok Bhushan.

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News Network
April 12,2020

Hyderabad, Apr 12: Indicating that prolonged lockdown to contain coronavirus spread may lead to job cuts in the Indian IT industry, NASSCOM former president R Chandrashekhar has said that the work-from-home culture may become a positive development in the long run as it opens up newer avenues and save investments by IT firms.

The former bureaucrat also said startups which are surviving on funds infused by venture capitalists may face tougher situations if the present scenario deteriorates.

"The larger companies may not be actually cutting jobs for two reasons. One is that they do not want to lose their employees and they have money to pay. Many of them ( big companies), even if they do shed some jobs it might be at the most people who are on temporary or intern type and all. But they would not want regular and permanent employees to go. So as long as they have sufficient flexibility in their books, they would continue," said NASSCOM former president.

"But beyond a point that it goes on, for let us say, two months or three months, then even for them, they will feel the pressure. They may not just keep on providing subsidies to the employees. So the key question will be how long that goes on," Chandrasekhar said.

He also said the work-from-home systems being adopted by several firms across the globe, including India, may have a negative impact on the industry in the short-term, but in the long run it would change the work culture which hitherto was not experienced by many of the IT firms in India.

 On impact of the prolonged lockdown on startups, he said it would be a big challenge for the budding enterprises as the investments they get are based on their ideas and future revenues and the present situation under which peoples movement is curbed may shackle their progress.

 "Where will they (startups) get money to pay salaries to their employees. Venture capital investors would not pay the money or invest their money to pay salaries because they are not in the charity business."

If the employees are not paid and if they leave and it is difficult for the startup againto come up. So the whole investment plan goes for a toss, he said.

Former chairman of NASSCOM, B V R Mohan Reddy said a clear picture as to what is going to happen has not yet emerged as the situation with all respects is still evolving. Reddy said there will be a demand shrinkage for the IT industry as the entire world is under stress. "There is no economy in this world that is going to do well in this situation.

So, therefore, there will be a demand shrinkage, he said, indicating tougher times of the industry ahead.

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