Pompeo meets PM Modi, discusses key strategic issues

Agencies
June 26, 2019

New Delhi, Jun 26: US Secretary of State Mike Pompeo met Prime Minister Narendra Modi on Wednesday and discussed various aspects of the bilateral relationship to strengthen the India-US strategic partnership.

Pompeo, who arrived here last night, will hold detailed discussions with External Affairs Minister S Jaishankar in the afternoon and have a working lunch with him.

"Working together to further deepen our strategic partnership. Secretary Pompeo called on PM Narendra Modi to exchange views on various aspects of Indo-US relationship. PM will meet President Donald Trump on the sidelines of the upcoming G20 Osaka Summit," Ministry of External Affairs Spokesperson Raveesh Kumar tweeted along with pictures of the meeting.

Ahead of the strategically-important India-US talks, diplomatic sources on Tuesday said India meets the US waiver criteria for procuring the S-400 missile defence system from sanctions-hit Russia, and asserted that New Delhi cannot "wish away" its defence ties with Moscow.

Russia's most advanced long-range surface-to-air missile defence system, the S-400 was first bought by China to seal a government-to-government deal with Russia in 2014.

After talks between Prime Minister Narendra Modi and Russian President Vladimir Putin, a deal for the S-400 air defence system deal, between India and Russia was made in October last year.

Besides India's missile defence system deal with Russia, terrorism, H-1B visas, trade and the situation arising out of US sanctions on buying oil from Iran, are likely to be discussed on Wednesday during the talks between Jaishankar and Pompeo.

H-1B Visa:

The H-1B visa, popular among Indian IT professionals, is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise.

"Indians have contributed under the H-1B programme to the US economy, and I think the Secretary will be able to assure the Indian leadership that we have no plans to place caps on H-1B work visas for nations that are having foreign companies store data locally," a Senior State Department official told reporters during a conference call, according to PTI.

The H-1B visa programme is the main vehicle through which US employers can sponsor skilled foreign workers for admission. The Senior State Department Official appreciated the steps India has taken to reduce its crude oil imports from Iran.

Trade:

The Trump administration wants Prime Minister Narendra Modi to lower trade barriers and embrace fair and reciprocal trade, the United States said on Tuesday. Bilateral trade is likely to be an important topic of discussion during Pompeo talks with the Indian leadership. US companies see great opportunity in India, and increased economic openness and investment will yield mutual benefit.

Pompeo's meeting:

Pompeo's talks here will be the first high-level interaction between the two countries after return of the Modi government to power last month.

Pompeo's visit comes ahead of a meeting between US President Donald Trump and Modi on the sidelines of the G20 Summit in Osaka, Japan later this week.

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News Network
January 27,2020

Kolkata, Jan 27: The West Bengal government on Monday tabled a resolution against the Citizenship (Amendment) Act in the Assembly.

The resolution appeals to the Union government to repeal the amended citizenship law and revoke plans to implement NRC and update NPR.

As per reports, state Parliamentary Affairs Minister Partha Chatterjee introduced the resolution in the House around 2 pm.

Three states - Kerala, Rajasthan and Punjab - have already passed resolutions against the new citizenship law.

The law has emerged as the latest flashpoint in the state, with the TMC opposing the contentious legislation tooth and nail, and the BJP pressing for its implementation.

The new citizenship law has emerged as the latest flashpoint in the state, with the TMC opposing the contentious legislation tooth and nail, and the BJP pressing for its implementation.

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News Network
May 28,2020

New Delhi, May 28: With 6,566 more coronavirus cases and 194 deaths reported in the past 24 hours, India's COVID-19 tally reached 1,58,333 on Thursday, according to the Union Ministry of Health and Family Affairs.

The number of active coronavirus cases stands at 86,110, while 67,692 people have recovered and one patient has migrated, it said. The death toll due to the infection has reached 4,531 in the country.

Maharashtra is the worst affected state with 56,948 cases. Tamil Nadu has recorded as many as 18,545 cases while Gujarat and Delhi have recorded 15,195 and 15,257 coronavirus cases respectively.

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News Network
January 14,2020

Chennai/New Delhi, Jan 14: India's annual electricity demand in 2019 grew at its slowest pace in six years with December marking a fifth straight month of decline, government data showed, amid a broader economic slowdown that led to a drop in sales of everything from cars to cookies and also to factories cutting jobs.

Electricity demand is seen as an important indicator of industrial output in the country and a sustained decline could mean a further slowdown in the economy.

India's power demand grew at 1.1% in 2019, data from the Central Electricity Authority showed, the slowest pace of growth since a 1% uptick seen in 2013. The power demand growth slowdown in 2013 was preceded by three strong years of consumption growth of 8% or more.

In December, the country's power demand fell 0.5% from the year-earlier period, representing the fifth straight month of decline, compared with a 4.3% fall in November.

But in India's western states of Maharashtra and Gujarat, two of India's most industrialised provinces, monthly demand increased.

In October, power demand had fallen 13.2% from a year earlier, its steepest monthly decline in more than 12 years, as a slowdown in Asia's third-largest economy deepened.

Industry accounts for more than two-fifths of India's annual electricity consumption, while homes account for nearly a fourth and agriculture more than a sixth.

The slower demand growth is a blow for many debt-laden power producers, who are facing financial stress and are owed over $11 billion by state-run distribution companies.

India's overall economic growth slowed to 4.5% in the July-September quarter, government data released in November showed, the weakest pace since 2013 as consumer demand and private investment fell.

The government has estimated growth in the current financial year that runs through to March will be the slowest since the 2008 global crisis.

"This reflects overall economic slowdown, because if you look at other high frequency data like diesel consumption, everywhere you are seeing contraction," Rupa Rege Nitsure, chief economist at L&T Financial Holdings.

But India's central bank will not have much scope to cut rates to stimulate the economy because inflation has been rising sharply and reached 7.35% in December compared with 1.97% in January last year.

Economists say India's growth will continue to hover around 4.5% levels in the Oct-Dec quarter.

"In the Oct-Dec quarter as well growth (GDP) will be around the same level as July-September. My estimate for the full year is around 4.7% growth," Nitsure said.

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