Morsi wants India to join Suez Canal corridor project

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March 19, 2013
morsiNew Delhi, Mar 19: Egypt Tuesday pushed for India to join its ambitious Suez Canal corridor project as Indian Prime Minister Manmohan Singh and Egyptian President Mohamed Morsi met here for talks to forge closer cooperation in economic and other fields.

Morsi, Egypt's first democratically elected president who came to India after a day-long visit to Pakistan, said he welcomed India's contribution in the Suez Canal corridor project that is aimed to become a bridge connecting Africa with Asia.

Speaking to the media after a meeting with Prime Minister Manmohan Singh, Morsi said the corridor project once ready would make Egypt a hub for India's exports to the West and boost Indian exports to $200 billion.

The 190-km corridor project aims to turn the Suez Canal banks into a global economic zone and earn billions of dollars in revenue for Egypt. The European Bank for Reconstruction and Development (EBRD) has offered to invest Euro one billion in the project.

Morsi said in his talks with Prime Minister Manmohan Singh both sides had agreed to reinforce bilateral relations in various areas, including political, economic, military, cultural and tourism and "agreed to promote ties till they reach the level of strategic partnership".

India offered to share its experience in the field of IT, renewable energy, services, electronics, small and medium enterprises, manufacturing and fertilizers. Both sides inked seven agreements, including five MoUs, in the field of cyber security, Information Technology.

India is setting up a solar energy project in a village in north Egypt and also setting up a centre of excellence in IT at the well known Al Azhar University.

Morsi, who is facing troubles back home with a court ordering cancellation of the April 22 parliamentary elections, thanked India and its people for support for his country post the 'Arab Spring' revolution two years ago.

He said bilateral trade, despite the political tumult in his country, had grown to $5.5 billion, growing $2.5 billion in the past one year alone. Morsi, who has brought along a high-level delegations comprising seven minister-level officials and top business heads, said Egypt was keen to attract more Indian investment.

Prime Minister Manmohan Singh said India "deeply appreciates" the fact that Morsi has undertaken a state visit to India despite his pressing domestic commitments. "This is a reflection of his personal commitment to our relationship," he said.

The prime minister conveyed India's full support to Morsi and "offered to share our experience as he ably leads his nation in building strong institutions and frameworks for democracy, social justice and inclusive economic development".

He said Egypt's location "as a bridge between Asia and Africa, astride a major global trade route, together with its skilled human resources, makes it an attractive business destination for India".

Both sides have agreed to foster productive partnerships in socio-economic development programmes, skill development, higher education, agriculture and health care and also agreed to enhance defence exchanges and cooperation.

On Palestine, Manmohan Singh conveyed India's support to the Palestinian cause and expressed deep appreciation for the role played by Egypt in trying to forge unity between the Palestinian groups - Hamas and Fatah -- and work towards a peaceful resolution.

On Syria, both sides condemned the violence and agreed on the urgent need for a peaceful resolution of all issues through dialogue.

Both sides also agreed to intensify efforts on issues that affect developing countries, and increase coordination in various international forums, including the United Nations, G-77 and the Non Aligned Movement.

India and Egypt are founders of the Non-Aligned Movement and the two countries shared a very close relationship till the sixties during the time of Indian prime minister Jawaharlal Nehru and Egyptain President Gamal Abdel Nasser. But the relationship cooled off thereafter and the 30-year rein of previous president Hosni Mubarak were not marked by close ties.

Morsi has been keen to take Egypt's foreign policy away from its pro-West orientation and shift the focus back to Asia and the developing world.

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News Network
June 13,2020

New Delhi, Jun 13: About 56 per cent of children were found to have no access to smartphones which have emerged as essential tools for online learning during the coronavirus-induced lockdown, according to a new study that surveyed 42,831 students at various school levels.

The study ''Scenario amidst COVID 19 - Onground Situations and Possible Solutions'' was conducted by child rights NGO Smile Foundation with an aim of analysing the access to technology.

The findings of the study showed that 43.99 per cent of surveyed children have access to smartphones and another 43.99 per cent of students have access to basic phones while 12.02 per cent do not have access to either smartphones or basic phones.

A total of 56.01 per cent children were found to have no access to smartphones, the study said.

"Concerning television, it was noted that while 68.99 per cent have access to TV, a major chunk of 31.01 per cent does not. Hence suggesting that using smartphone interventions for enhancing learning outcomes is not the only solution," it said.

At the primary level of education (class 1 to 5) 19,576 children were surveyed while at upper primary level (class 6 to 8) 12,277 children were surveyed. At secondary level of education (class 9 to 10) 5,537 children were surveyed and at higher secondary level (class 11 to 12) 3,216 children were surveyed.

The survey based on which the study was conducted used two approaches - over the telephone wherein the NGO reached out to the children whose database it already had -- students enrolled in various education centres of the NGO -- and second was through community mobilization wherein community workers went door to door to get answers.

The survey was conducted in 23 states, including Delhi, Gujarat, Maharashtra, Karnataka, Tamil Nadu, West Bengal, Andhra Pradesh, Telangana, Uttar Pradesh, Haryana, over a period of 12 days from April 16 to April 28.

The lockdown induced by the COVID-19 pandemic in March prompted schools and colleges to move to the virtual world for teaching and learning activities. However, many experts say the digital divide in the country may turn online classes into an operational nightmare.

As per official statistics, there are over 35 crore students in the country. However, it is not clear as to how many of them have access to digital devices and Internet.

Santanu Mishra, co-founder and executive trustee, Smile Foundation, said the findings clearly show that the digital divide is a real challenge, and multiple approaches need to be implemented to cater to all across the nation.

"As an exercise before we start any programme, we do a baseline study to understand the on-ground challenges so that our programmes can bring in real work and real change. With the onset of the pandemic, following indefinite school closures, it is more important than ever to understand the situation and how can we ensure that children are given quality education. Through this, we understand that customized modules need to be built in accordance with the channel of communication," he said.  

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News Network
July 23,2020

New Delhi, Jul 23: Riding high on foreign investors buying stakes in Jio Platforms, Reliance Industries Ltd Chairman Mukesh Ambani became the world’s fifth-richest person Wednesday, edging past American investor Warren Buffett on the real-time ranking of billionaires by Forbes. With an estimated wealth of $75 billion, Ambani is only next to Facebook co-founder and CEO Mark Zuckerberg, whose wealth is pegged at $89 billion.

Buffet had slipped down the rankings after donating more than $37 billion of Berkshire Hathaway Inc. stock since 2006 to charity. Berkshire Hathaway’s stock performance has also underwhelmed recently.

Amazon founder and CEO Jeff Bezos still sits at top in the richest list, with a net worth of $185.8 billion. He is followed by Microsoft co-founder Bill Gates with net worth of $113.1 billion and luxury group LVMH Moet Hennessy Louis Vuitton’s chief Bernard Arnault, with a net worth of $112 billion. Facebook CEO Mark Zuckerberg is at the fourth position in the Forbes list.

Shares of Ambani’s conglomerate have more than doubled since a low in March as its digital unit got more than $15 billion in investments from companies including Facebook Inc, Silver Lake, Intel, and most recently, Google. The US tech giant has committed a capital infusion of Rs 33,737 crore for a 7.7 per cent stake on Jio Platforms.

The total investment from financial and strategic investors into Jio Platforms stands at Rs 1,52,056 crore. RIL has raised a total of Rs 2,12,809 crore through a rights issue, the combined investments in Jio Platforms and investment by BP.

During the Reliance AGM last week, Ambani had said RIL has made its net-debt free ahead of a March 2021 target due to recent investments. Ambani said Jio has designed and developed a complete 5G solution that’s ready for launch as soon as spectrum is made available next year.

Jio and Google have also entered into a commercial agreement to jointly develop an entry-level affordable smartphone with optimisations to the Android operating system and the Play Store, Ambani said.

RILs market value jumped to Rs 12.7 lakh crore or $170 billion on Monday, making it the 51st most valued company in the world. Between April 1 and July 13, RIL has gained $81 billion in market capitalisation and has climbed 47 places from being the 98th most valued company on April 1 to 51st most value company now.

The share price of RIL has risen by 120 per cent over the last four months for Rs 883 per share on March 23, 2020 to Rs 1,939 on Monday. Since April 22, when Facebook Inc announced an investment of Rs 43,574 crore in Jio Platforms for 9.99 per cent equity stake, Jio Platforms has announced investments by 12 other investors. The total investment by these 13 investors over the last 12-weeks amounted to Rs 118,318 crore.

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Agencies
June 4,2020

New Delhi, Jun 4: CSIR Director-General Shekhar Mande said on Thursday that the World Health Organisation's (WHO) decision to halt hydroxychloroquine (HCQ) drug trial was taken in haste and the global body should have actually analysed the data before making the decision.

"I firmly believe that WHO decision was taken in haste it was a kind of knee jerk reaction they should have actually analyse the data on their own before temporarily suspend the trials that is my personal opinion," Mande said.

India's nodal government agency ICMR (Indian Council of Medical Research) overseeing the country's response to the coronavirus pandemic last month wrote to the WHO citing differences in dosage standards between Indian and international trials that could explain the efficacy issues of HCQ in treating COVID-19 patients.

In addition, Dr Sheela Godbole, National Coordinator of the WHO-India Solidarity Trial and Head of the Division of Epidemiology, ICMR-National AIDS Research Institute also wrote a letter via an email to Dr Soumya Swaminathan, Chief Scientist at World Health Organisation.

In a letter, Dr Godbole stated: "There was no reason to suspend the trial for safety concern," attributing it to the current RECOVERY data which differs significantly from the non-randomised assessment by Mehra et al, a scientific paper.

Referring to the letter, the CSIR head said, "We don't know what actually happened behind the scenes but the hypothesis is that because of the paper published in Lancet. It is a very well known journal and if Lancet has done due vigilance in publishing the paper. 

Therefore, the WHO thought the paper's findings are right that's why WHO hold based on what is published on Lancet. The WHO shouldn't have accepted it immediately this should have taken their own due vigilance to find out that study is right or not."

DG CSIR said because there is a global outcry it must have put pressure on both Lancet as well as WHO and both of them now retracted from their original position. "WHO has started a trial again and Lancet has put an expression of concern on their website both of these are very welcome development for science," he said.

"So I am pretty sure that Lancet would have published the reports only after seeing somewhere the drug failed to work," Mande said.

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