India to allow FDI from Pakistan: Anand Sharma

April 13, 2012
FdiIP

New Delhi, April 13: Improving the economic ties between the two nations, India on Friday said it will allow FDI from Pakistan paving the way for industries from the neighbouring country to set up businesses in the growing Indian market.

"India has taken in-principle decision as part of trade normalisation process to allow foreign direct investment from Pakistan...," commerce and industry minister Anand Sharma said after a meeting with his Pakistani counter part Makhdoom Amin Fahim here.

Sharma said, "procedural requirements (for FDI from Pakistan) are underway. It will notified soon."

Besides, talks are underway to allow banks from both the countries to open branches in each other's territory, he said, adding, "RBI and State Bank of Pakistan are in favour of opening branches..."

Fahim said, "there has been progress in allowing banking services from both sides. In-principle we have agreed."

At present, India and Pakistan are engaged only in trade of goods, which has recently been liberalised.

Several Pakistani industries and banks are keen on setting up business in India, which is possible only when a policy decision on allowing cross-border FDI is taken. Sharma also said that India-Pakistan Business Council will be set up soon, to be co-chaired by both the countries.

On multiple entry business visas, he said, "There will be a formal signing of agreement soon. It will be for one year initially."

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Agencies
July 14,2020

Jaipur, Jul 14: Sachin Pilot has been removed as Deputy Chief Minister and Rajasthan PCC Chief, announced Congress leader Randeep Singh Surjewala on Tuesday.

"Sachin Pilot, Vishvendra Singh and Ramesh Meena have been removed from the posts of Deputy Chief Minister and Ministerial posts respectively. Sachin Pilot has also been removed as the Rajasthan PCC Chief," said Surjewala.

Govind Singh Dotasra has been appointed as the new PCC chief, he added.

"Sachin Pilot, few Congress Ministers and MLAs got involved in the conspiracy to topple the Congress government by getting entangled within the trap of BJP," he added.

The decision was taken after a Congress Legislature Party (CLP) meeting at the Fairmont Hotel in Jaipur, Rajasthan earlier today.

The Rajasthan Congress is in turmoil over the past few days. While Chief Minister Ashok Gehlot has blamed the BJP for attempting to destabilise the State government by poaching MLAs, Deputy Chief Minister Sachin Pilot has been camping in Delhi.

A controversy broke out in Rajasthan after Special Operation Group (SOG) sent a notice to Pilot to record his statement in the case registered by SOG in the alleged poaching of Congress MLAs in the State.

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News Network
March 25,2020

New Delhi, Mar 25: The Congress said on Wednesday that it stood with Prime Minister Narendra Modi on his appeal for 21-day lockdown but was "deeply disappointed by the lack of coherent strategy" and demanded that Rs 7,500 should be transferred to every Jan Dhan, PM Kisan and pension account to tide over the nutrition needs for 21-days.
It also demanded that the Public Distribution System (PDS) ration should be given free.
In a series of tweets, Congress Communications in-charge Randeep Singh Surejwala said that the need of the hour was to implement 'Minimum Income Guarantee Scheme' (Nyay) mooted by the Congress and party leader Rahul Gandhi.
"Please transfer Rs 7,500 to every Jan Dhan, PM Kisan, and every pension account to tide over nutrition needs of 21 days and give free PDS ration. We will rise together as a nation and defeat COVID-19. We stand with lockdown but are deeply disappointed by the lack of coherent strategy or a clear 'way ahead' on your part," he said.
Surjewala asked what steps the government took despite an early warning about COVID-19 and sought details about isolation beds and ventilators available to people.
"Dear PM, India will adhere to the lockdown but what steps did the govt take to tackle the corona pandemic despite early warnings in Feb? When will doctors, nurses and health workers have adequate protection? How many 'isolation beds' and ventilators are available and where?" he said.
He asked how daily wagers and labourers will sustain during the 21-day lockdown.
"What's your plan to address the huge issue of bread and butter and livelihood for millions? How will daily wagers, labourers, MGNREGA workers, factory workers, unorganised workers, fishermen, farmers and farm labour sustain for 21 days?" he asked.
Surjewala said the crying need is to arm doctors, nurses and health workers with personal protection equipment and asked: "why are N-95 masks, Hazmat suits not available?"
"In March itself, India needs 7.25 lakh bodysuits, 60 lakh N-95 masks, 1 crore 3 ply masks? When will they be available?" he asked.
Surjewala said that the government banned the export of ventilators, respiratory devices and sanitisers only yesterday on March 24, "84 days after the spread of COVID-19."
"Is this your government's 'Modus operandi' to fight coronavirus? Too little, Too late!," he said.
Noting that two-thirds of the country's population is engaged in agriculture, he said that Prime Minister Modi did not refer to farmers during his address to the nation and demanded a moratorium on farmers' loans.
"Crop is ready for harvest in March itself. How will it be harvested and sold and who will buy at fair price? Indebtedness relief to farmers is the only way forward in these testing times. Please put a moratorium on farmers' loans and recoveries. Please ensure the procurement of crops at MSP. Let's not forget that farmers are the backbone of India's economy," he said.
Surjewala said the Prime Minister gave only four hours to prepare for 21-day lockdown.
"Did you think of over 5 lakh truck drivers, who are now stranded on roads? Did you think of millions of workers, who are stranded in cities away from home without food or money? What should they do," he asked.

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Agencies
July 29,2020

New Delhi, Jul 29: Calling touchdown of Rafale fighter aircraft at Ambala airbase as "historic day" for Indian Air Force and proud moment for India, Union Home Minister Amit Shah on Wednesday said that "world-class fighter jets will prove to be a game-changer".

In a series of tweets, Shah congratulated Prime Minister Narendra Modi, Defence Minister Rajnath Singh, Indian Air Force and the entire country on this "momentous day".

"Rafale touchdown is a historic day for our vigorous @IAF_MCC and a proud moment for India! These are the world's most powerful machines capable to thwart any challenge in the sky. I am sure Rafale will help our Air warriors to safeguard our skies with its mighty superiority," Shah said in a tweet.

"From speed to weapon capabilities, Rafale is way ahead! I am sure these world class fighter jets will prove to be a game changer. Congratulations to PM @narendramodi ji, DM @rajnathsingh ji, Indian Air Force and the entire country on this momentous day. #RafaleInIndia," he added.

Shah said that Modi government is committed to build India's defence capabilities.

"Induction of these next generation aircrafts is a true testimony of PM @narendramodi's resolve to make India a powerful and secure nation. Modi govt is committed to build on India's defence capabilities. I thank honourable PM for providing this unprecedented strength to our IAF," he tweeted.

Earlier today, the five French Rafale fighter jets touched down at Haryana's Ambala after covering a distance of nearly 7,000 km to join the Indian Air Force.

The jets were given a customary water salute upon their arrival at the airbase, some 220-km from the India-Pakistan border.

The formal induction ceremony of the aircraft would be held later. The aircraft would move out soon to another operational base for operational sorties.

The five Rafale fighter aircraft took off on Monday for India from an airbase in France.
Rafale has multi-directional radar system which can detect 40 targets at the same time in a range of over 100 Kms. It has advance radar warning receiver to identify hostile tracking system a towed decoy system to thwart incoming missile attacks.

Rafale will ensure that our pilots will not have to cross the border to strike the target, that is about 600 Km in enemy territory.

It will get French industrial support for 50 years. India had signed a deal worth over Rs 60,000 crore with France in September 2016 for 36 Rafales to meet the emergency requirements of the IAF.

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