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PM Modi arrives in UK for bilateral meetings, CHOGM

Agencies
April 18, 2018

London, Apr 18: Prime Minister Narendra Modi arrived in the UK today for a four-day visit of bilateral engagements as well as multilateral discussions as part of the Commonwealth Heads of Government Meeting (CHOGM).

UK Foreign Secretary Boris Johnson received Modi at the Heathrow airport here.

Johnson said he was "excited" about the growing India-UK bilateral trade and that the visit will help build on "huge economic advantages".

"..thanks to our shared history, we have a living bridge between us… and now we want to build on the incredible tech sector where both India and the UK are making giant strides together," Johnson said in a statement.

Modi is set for a packed day of official engagements today, starting with his bilateral meeting with British Prime Minister Theresa May at 10 Downing Street.

The two leaders are expected to discuss a wide range of issues of mutual interest, including separatism, cross-border terrorism, visas and immigration.

A memorandum of understanding (MoU) on the return of illegal immigrants, which had expired in 2014, will be officially renewed to take into account biometric and other developments in the field, along with a range of nearly a dozen MoUs across different sectors.

Modi will then head to the Science Museum in London to visit the '5000 Years of Science and Innovation' exhibition where he will interact with Indian-origin and other scientists and innovators based in the UK.

The event, hosted by Prince Charles, will include the launch of a new Ayurvedic Centre of Excellence, aimed at creating a first-of-its-kind global network for evidence-based research on yoga and Ayurveda.

A brief stop to garland the Basaveshwara statue -- which Modi had inaugurated during his last visit to the UK in 2015 -- on the banks of the river Thames will then be followed by his second meeting with May at an event hosted by the British prime minister at the Francis Crick Institute.

After an interaction with Indian-origin scientists working on cancer research, malaria and other tropical diseases, both leaders will initiate the India-UK CEOs Forum.

Modi is then scheduled for a private audience with Queen Elizabeth II at Buckingham Palace before the 'Bharat Ki Baat, Sabke Saath' diaspora event, to be telecast live from the iconic Central Hall Westminster in London today.

The event billed as the centrepiece of the 'Living Bridge' theme of the India-UK bilateral visit, will involve Modi addressing questions from across the world which have already been received via social media.

At the end of the live telecast, he will join Heads of Government from 52 other Commonwealth countries at a dinner hosted by the British prime minister as a formal welcome to CHOGM.

This will be followed by the executive session of the heads in London tomorrow before they head to Windsor for the CHOGM retreat, where the world leaders will interact on an informal basis.

This will conclude Modi's UK visit after which he will leave for India.

According to official estimates, the India-UK bilateral trade stands at USD 13 billion, with the UK among the largest G20 investors in India.

Modi's visit will have a particular focus on the India-UK technological partnership as well as an enhanced role in the Commonwealth.

"India's engagement is absolutely brilliant… there is a recognition that the Commonwealth offers a great opportunity for India and within that opportunity lies an opportunity for the rest of the Commonwealth," says Lord Marland, chairman of the Commonwealth Enterprise and Investment Council (CWEIC).

An Indian prime minister will attend the Commonwealth summit, which is held every two years, after a hiatus of nearly a decade, having last attended the 2009 CHOGM in Trinidad and Tobago.

The Indian government has said that Modi's attendance at the summit this year symbolises the country's wider efforts to step up its role across global forums. This stepped-up engagement is likely to take the form of increased activity within the Commonwealth, including greater resources and manpower as well as financial contributions.

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ali
 - 
Wednesday, 18 Apr 2018

feku in uk and daaku in karnataka.

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News Network
March 12,2020

Geneva, Mar 12: For the global economy, virus repercussions were profound, with increasing concerns of wealth- and job-wrecking recessions. U.S. stocks wiped out more than all the gains from a huge rally a day earlier as Wall Street continued to reel.

The Dow Jones Industrial Average dropped 1,464 points, bringing it 20% below its record set last month and putting it in what Wall Street calls a “bear market.” The broader S&P 500 is just 1 percentage point away from falling into bear territory and bringing to an end one of the greatest runs in Wall Street’s history.

WHO officials said they thought long and hard about labeling the crisis a pandemic — defined as sustained outbreaks in multiple regions of the world.

The risk of employing the term, Ryan said, is “if people use it as an excuse to give up.” But the benefit is “potentially of galvanizing the world to fight.”

Underscoring the mounting challenge: soaring numbers in the U.S. and Europe’s status as the new epicenter of the pandemic. While Italy exceeds 12,000 cases and the United States has topped 1,300, China reported a record low of just 15 new cases Thursday and three-fourths of its infected patients have recovered.

China’s totals of 80,793 cases and 3,169 deaths are a shrinking portion of the world’s more than 126,000 infections and 4,600 deaths.

“If you want to be blunt, Europe is the new China,” said Robert Redfield, the head of the U.S. Centers for Disease Control and Prevention.

With 12,462 cases and 827 deaths, Italy said all shops and businesses except pharmacies and grocery stores would be closed beginning Thursday and designated billions in financial relief to cushion economic shocks in its latest efforts to adjust to the fast-evolving crisis that silenced the usually bustling heart of the Catholic faith, St. Peter’s Square.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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News Network
April 27,2020

New Delhi, Apr 27: Indian prime minister Narendra Modi has said the monthlong ongoing lockdown has yielded positive results and that the country has managed to save “thousands of lives”.

Modi, who had a videoconference with various heads of the states on Monday, said the impact of the coronavirus, however, will remain visible in the coming months, according to a press statement released by his office. On the issue of getting back Indians who are overseas, the Prime Minister said that this has to be done keeping in mind the fact that they don’t get inconvenienced and their families are not under any risk.

During the meeting with state heads, Modi advocated for social distancing of at least 6 feet and the use of face masks as a rapid response to tackle COVID-19.

He said that states should put their efforts of converting hotspots, or red zones, into “orange and thereafter green zones”.

India last week eased the lockdown by allowing shops to reopen and manufacturing and farming activities to resume in rural areas to help millions of poor, daily-wage earners. But the economic costs of the nationwide lockdown continue to mount in a country of 1.3 billion people.

Modi, who put India under a strict lockdown on March 25, did not say if the lockdown restrictions will extend after May 3.

India has confirmed over 27,000 cases of the coronavirus, including 872 deaths.

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