Manmohan leaves for Germany, to seek greater business ties

April 10, 2013

Manmohan

New Delhi, Apr 10: Ahead of his visit, Prime Minister Manmohan Singh today said he intends to seek greater business ties with Germany as India continues to take steps to boost domestic investments, attract foreign capital and spur the economy back to its long-term growth potential of eight per cent.

Singh, who left for Berlin on a three-day visit, said Germany is also a key partner for India in areas like infrastructure, manufacturing, science and technology, higher education, vocational training and clean and renewable energy.

"We expect to sign a number of agreements and Memorandums of Understanding in these areas," he said, adding, "I intend to seek greater trade and investment ties with Germany."

Germany is India's largest economic partner in Europe and one of the key global partners for trade, investment and technology. Indo-German bilateral trade had registered an increase of 18.4 per cent and reached Euros 18.37 billion in 2011.

However, due to global economic slowdown, bilateral trade saw a dip of 5.5 per cent last year.

During his discussions, Singh will clarify to the German leadership the large number of steps and the reform process taken up by his government to improve the investment climate and make it a lucrative destination for investors.

"I will seek Chancellor (Angela) Merkel's support for an early conclusion of a balanced India-EU Broad-based Trade and Investment Agreement. I will also propose that Europe keep its doors open to Indian investors and professionals," Singh, who will co-chair the 2nd round of Inter-Governmental Consultations (IGCs) with Merkel, said.

Noting that Germany plays a key role in the global economy and, in particular, in stability and growth in the Euro Zone, which has an important bearing on the Indian economy, Singh said at a time of persisting global economic weakness and uncertainty, he looks forward to discussing these issues with Merkel.

"We will also discuss our shared interests in United Nations Security Council reforms and a broad range of global developments, including with respect to Afghanistan, West Asia and the Asia Pacific region," he said in his departure statement.

During the visit, Singh will also call on President of Germany Joachim Gauck and participate in the closing ceremony of the 'Days of India in Germany', which was organised to mark the 60th anniversary of the establishment of diplomatic relations between India and Germany.

The Prime Minister said India remains committed to a close, cooperative and mutually beneficial partnership with Germany.

This will be Singh's third bilateral visit to Germany and fifth bilateral Summit since his first visit to Germany in 2006.

He is accompanied by Ministers of New and Renewable Energy, Science and Technology and Earth Sciences, Commerce, Industry and Textiles, External Affairs, and Human Resource Development.

The IGCs, first held in May 2011 in Delhi, provide a useful forum for discussions on the full spectrum of bilateral relationship and have helped advance Indo-German cooperation in a broad range of areas.

Besides holding comprehensive bilateral talks with Merkel, the Prime Minister will also discuss key international and regional issues including Afghanistan and counter- terrorism.

India is expecting a "strong political thrust" from Germany, a key member of the 27-nation European bloc for early inking of the India-EU pact, according to Foreign Secretary Ranjan Mathai.

"We are of the view that early conclusion of India-EU agreement will open up new economic opportunities to both sides and certainly that applies to the way we approach our economic engagements with Germany.

"The negotiations have reached an advanced stage and in fact there will another round of negotiations on April 15 when it will be taken forward. We will certainly be discussing the matter with the German side. We expect a strong political thrust from Germany for an early conclusion of the agreement," the Foreign Secretary said.

Mathai said in addition to the Ministers accompanying the Prime Minister, National Security Advisor Shivshankar Menon, who is part of the delegation, will address security-related issues and hold a strategic dialogue during the visit.

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News Network
March 20,2020

New Delhi, Mar 20: The coronavirus pandemic will leave behind a global recession with small businesses, self-employed and daily wagers taking the worst hit, Mahindra Group Chairman Anand Mahindra said on thursday.

"The virus will eventually be conquered, but it will have left behind a global recession. The costs of that are incalculably high at this time. The most fearsome toll will be on small businesses, the self-employed & those whose lives depend on meagre daily wages," Mahindra said in a tweet.

Apart from the toll on lives, the legacy of Covid-19 may well be deaths due to stress, loss of livelihoods, a rise in homelessness and in extreme situations, civil unrest, he added.

"The only global experience that has lessons for us in the current situation is the last world war. In the aftermath of WW2, the US came up with the Marshall plan to revive Europe, effectively a giant fiscal pump-priming," Mahindra said.

In the US, the government dramatically dismantled regulations and opened up the economy to trade and these actions led to a boom-cycle that stretched to 1975, he added.

"This time, there will be no victors, only the vanquished. So every country will have to create its own post ‘virus war” marshall plan & take care of those in society who are hit the hardest. Perhaps we too can build the foundations of a sustained global growth cycle," Mahindra said.

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Agencies
May 19,2020

Lucknow, May 19: The administration of the Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGI) has ordered a probe into the cardiac procedure conducted on a corona positive patient in the hospital.

The patient underwent a cardiac procedure without being tested for corona before the surgery. He later tested positive for COVID-19, leading to panic among the staff and other patients.

The medical staff that came in contact with the patient were quarantined on Monday while the area was sanitized.

As per orders from the State Medical Education Department, even in emergency cases, patients are to be screened for Covid-19 before procedures are done.

According to the SGPGI administration, the incident took place late on Sunday night.

In an official statement, director, Prof R.K. Dhiman said, "The 63-year-old patient was a case of complete cardiac blockage and needed an urgent temporary pacemaker. The patient was admitted to the holding area of the institute and later shifted to the MICU for permanent pace making."

He said that when the patient's corona status was found to be positive on the Hospital Information System, she was shifted to the Rajdhani COVID Hospital.

The Director said, "Though the involved areas have been sanitized and healthcare workers were quarantined as per protocol, a probe has been ordered to investigate the lapses."

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Agencies
March 14,2020

New Delhi, Mar 14: The central government on Saturday declared COVID-19 as a national 'disaster' and announced to provide ex-gratia relief of Rs 4 lakh to the families who died of the virus.

The Ministry of Home Affairs in a letter to states and union territories stated: "Keeping in view that spread of COVID-19 virus in India the declaration of it as pandemic by World Health Organisation, the Central government has decided to treat it as a notified disaster and announced to provide assistance under State Disaster Response Fund (SDRF)."

The Centre said that cost of hospitalization for managing COVID-19 patient would be at the rates fixed by the state governments. The state government can use SDRF found for providing temporary accommodation, food, clothing and medical care for people affected and sheltered in quarantine camps, other than home quarantine, or for cluster containment operations.

The state executive committee will decide the number of quarantine camps, their duration and the number of persons in such camps. "Period can be extended by the committee beyond the prescribed limit subject to condition that expenditure on this account should not exceed 25 percent of SDRF allocation for the year," the Ministry of Home Affairs notification stated.

The cost of consumables for sample collection would be taken from the funds which can be sued to support for checking, screening and contact tracing.

Further, funds can also be withdrawn for setting up additional testing laboratories within the government set up. The state has also to bear the cost of personal protection equipment for healthcare, municipal, police and fire authorities. Further SDRF money can also be used for procuring thermal scanners and ventilation and other necessary equipment.

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