Li arrives; to hold talks with PM on boundary, water issues

May 19, 2013

li

New Delhi, May 19: Nearly 27 years after he made his last trip to India, Chinese Premier Li Keqiang arrived here today on his first overseas official visit and will hold talks with his Indian counterpart Manmohan Singh on all contentious issues, including the boundary dispute later this evening.

Li, accompanied by a senior-level delegation comprising government officials and businessmen, arrived around 3 PM and was received by Minister of State for External Affairs E Ahamed and senior ministry officials including Foreign Secretary Ranjan Mathai.

Shortly after his arrival on a three-day visit to India, which is his first overseas stop after assuming office in March, Li will be holding restricted talks with Singh, who will also host a dinner for the visiting dignitary at his official residence which will be attended by among others members of major political parties, including BJP and SP.

Ahead of his visit, Li had said the fond memories from the visit, which he made 27 years back, also made him choose India for his first overseas visit.

Recalling his visit to India over two-and-a-half decades ago, he said, "What I saw and felt during that trip, visiting the Taj Mahal and prestigious Indian universities, research institutes, and the warmth and hospitality of the Indian people, left a lasting impact on me."

"In a few days' time I will make India the first stop of my first overseas visit as a premier of China. I have made this decision not just because India is an important neighbour and one of the populous countries of the world but also because of the seeds of friendship sown during my own youth," he had said.

Asserting that India thinks "very highly" of Li's gesture of making the country his first overseas stop after assuming charge, Spokesperson in the Ministry of External Affairs Syed Akbaruddin said such high-level exchanges are aimed at enhancing trust and understanding as well "exhibit sensitivity" to each other's concerns.

Earlier:

Chinese premier to hold talks with PM on contentious issues

New Delhi, May 19: On his first overseas visit after assuming office, Chinese Premier Li Keqiang will arrive here today and will hold talks with Prime Minister Manmohan Singh on all contentious issues, including the boundary dispute.

Shortly after his arrival, Li will be holding restricted talks with Singh, who will also host a dinner for the visiting dignitary at his official residence which will be attended among others by members of major political parties, including BJP and SP.

Asserting that India thinks "very highly" of Li's gesture of making the country his first overseas stop after assuming charge, Spokesperson in the Ministry of External Affairs Syed Akbaruddin said such high-level exchanges are aimed at enhancing trust and understanding as well as "exhibiting sensitivity" towards each other's concerns.

Giving details of Li's programme, he said the Chinese Premier, who will arrive in the afternoon, will hold restricted meeting with Singh followed by dinner.

Tomorrow, the two leaders, accompanied by high-level delegations, will hold comprehensive talks on key international, regional and bilateral issues.

On the specific issues to be discussed between the leaders of the two countries, which

are witnessing differences on various crucial matters including boundary, water and on market access under economic ties, JS (East Asia) Gautam Bambawale said, "Everything is on the table."

"The two Prime Ministers would talk about these subjects. Since it (incursion) being the recent occurrence (will be discussed)," Bambawale said.

Sources said the issue of breach of status quo in Ladakh region will also be discussed and India will press that the Special Representatives of India and China, who are scheduled to meet in next few months, take it up the matter in detail to avoid such occurrences in future.

India has been pressing for clarification and confirmation on LAC in the India-China border areas pending a final settlement.

Noting that in the agreements worked out in 1993 and 1996 there were clarifications on the differing perceptions on LAC and exchanges on it, the sources said somehow in later years, this went off the table from the Chinese side, probably because there was a sense that it may be taken as a default boundary.

"There is a need to revive this particular subject to prevent incidents of this nature. Clarifications we really seek are imperative and are required. (Otherwise) this (Depsang incursion) kind of incident could recur. This is something we would certainly flag," the sources said.

Asked if there was any progress made on the Chinese proposal on Border Defence Cooperation Agreement, to which India has also submitted a counter proposal, Bambawale said that these proposals were currently being discussed but refused to divulge further details.

On the economic front, Bambawale said India will continue to press for access to the Chinese market.

In 2012, bilateral trade was USD 66 billion, a decline over the USD 74 billion mark in 2011. The two countries have set a target of USD 100 billion by 2015 for bilateral trade.

India faces a growing trade deficit vis-a-vis China. By the end of 2011, India's trade deficit was USD 27 billion. According to Chinese trade figures released in January 2013, the figure had expanded to USD 29 billion by 2012.

Apart from trade, India is also the largest market for project exports from China. Currently, projects under execution are estimated at over USD 55 billion. As per Chinese figures, cumulative Chinese investments in India till December 2011 stood at USD 575.70 million while Indian investments in China were USD 441.70 million.

Another issue which is expected to be raised by India is its concern over the Chinese proposal to construct three more dams across the Brahmaputra river. India has been pressing China to have either a water commission or an inter- governmental dialogue to deal with water issues as under the current Expert Level Mechanism (ELM), the two countries only share hydrological information.

On his second-leg of journey,, officials said Li will attend a meeting with business leaders in Mumbai and visit Tata Consultancy Services facility.

The Chinese Premier will also meet family members of late Dwarkanath Shantaram Kotnis, an Indian physician dispatched to China to provide medical assistance during the Second Sino-Japanese War in 1938.

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May 18,2020

New Delhi, May 18: Very severe cyclonic storm ‘Amphan’, over central parts of South Bay of Bengal, has intensified into extremely severe cyclonic storm, the India Meteorological Department (IMD) said on Monday. The weather department has warned that ‘Amphan’ may turn into a “super cyclonic storm’.

According to experts, North Odisha coast will face the maximum impact of cyclone Amphan when it makes landfall.

“Wind speed expected to be 110-120 kmph, gusting up to 130 kmph. Balasore, Bhadrak, Jajpur, Mayurbhanj dist can be affected on 20 May (when it makes landfall), IMD Bhubaneswar scientist Umashankar Das told news agency ANI.

The IMD has said that ‘Amphan’ will cross West Bengal - Bangladesh coasts between Digha (WB) and Hatiya island - in the afternoon/evening of May 20 as very severe cyclonic storm.

Earlier, the IMD had warned that ‘Amphan’, over central parts of South Bay of Bengal, will intensify into an extremely severe cyclonic storm on Monday.

“Very Severe Cyclonic Storm (VSCS) ‘AMPHAN’ over central parts of South Bay of Bengal near latitude 12.5°N and longitude 86.4°E, about 870 km nearly south of Paradip (Odisha). To intensify further into an Extremely Severe Cyclonic Storm (ESCS) in the next six hours,” the IMD said in a tweet on Monday.

National Disaster Response Force (NDRF) has sent its 10 teams to Odisha and seven teams to West Bengal in view of the approaching Cyclone Amphan, news agency reported.

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News Network
March 19,2020

New Delhi, Mar 19: Hit hard by coronavirus, budget carrier IndiGo today announced that it will cut salaries of senior employees. IndiGo CEO Ronojoy Dutta, who will himself take a 25% cut in salary, said senior vice presidents and above are taking a 20% pay cut while vice presidents and cockpit crew are taking a 15% pay cut.

With precipitous drop in revenues, the very survival of airline industry is now at stake, Dutta said while announcing the pay cut. "We have to pay careful attention to our cash flow so that we do not run out of cash," Dutta said adding that he knew how hard it was for families to take a cut in "take-home pay".

"With a great deal of reluctance and a deep sense of regret, we are therefore instituting pay cuts for all employees, excluding Bands A and B, starting April 1, 2020," the chief executive officer said. Band A and B are the lowest brackets in salary class, where most of the employees are.

IndiGo's flight operations chief Ashim Mitra had written an email to pilots this morning saying that the economic environment has deteriorated significantly and no airline is insulated from this severe downturn.

"It has become a necessity to initiate some tough calls and we are working on a string of measures that will be shared and implemented over the next few days and weeks," Mitra said.

With countries sealing their borders partially or fully across the world due to the novel coronavirus pandemic, aviation sector has been hit extremely hard as most airlines globally have drastically curtailed their flight operations.

Another budget airline GoAir has already terminated contracts of expat pilots amid curtailed operations due to the coronavirus pandemic.

Citing "unprecedented" decline in air travel, the budget carrier announced it was suspending international operations and offering leave without pay programme to its staff on a rotational basis.

Government-owned Air India may also cut salary of employees by 5% amid its growing financial woes particularly in the wake of the coronavirus pandemic, which has nearly grounded its entire international operations. The reduction will be across the board, according to a PTI report.

The loss-making airline, which is in the process of a second attempt of privatization after failing to get a single buyer nearly two years ago, has already taken some steps such as reduced flying allowances to cabin crew besides withdrawing entertainment allowance to executive pilots, among others.

“Air India is considering a 5 per cent pay cut to its employees as it faces huge financial crisis due to the ongoing coronavirus outbreak, which has brought almost its entire international operations save the US, Canada and a few other markets, to the ground," a source told news agency.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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