European Investment Bank to invest 650 million euros into Kanpur metro rail construction
The European Investment Bank (EIB) said it will invest 650 million euros into the construction of Kanpur’s first metro line, enabling about three million people in the city to benefit from green, fast and affordable public transport.
The EIB, in a statement, said the new metro rail system will reduce commuting hours and unlock new employment and education opportunities in Kanpur, the industrial capital of Uttar Pradesh.
This is the second metro rail project supported by the EIB in Uttar Pradesh, following the 450 million euros investment in the development of a metro rail system in the city of Lucknow.
The second biggest EIB operation outside the EU to date will finance the construction of a 32.4 km urban rail line, with 18 elevated and 12 underground stations, the statement said.
Once completed, Kanpur metro rail will create 1,100 new jobs and enable around 116 million more affordable commutes each year, it said.
This is the fifth EIB investment in green infrastructure and connectivity in India. The EU bank has invested in metro rail systems in Bhopal, Pune, Bangalore and Lucknow.
India’s target to gasify 100 MT coal to entail investment of over Rs 4 lakh cr: Joshi
India’s target to gasify 100 million tonnes of coal by 2030 will entail an investment of over Rs 4 lakh crore, Coal Minister Pralhad Joshi said on Monday.
This 100 MT coal gasification will happen in three phases. In the first phase — from 2020-2024 — 4 million tonnes (MT) of coal will be gasified and around Rs 20,000 crore will be invested for the same.
In the second phase — from 2020-2026 — 6 MT of coal will be gasified which will involve an investment of Rs 30,000 crore.
In the third phase — from 2022-2030 — 90 MT of coal will be gasified and Rs 3.6 lakh crore will be invested for the same.
Coal India also plans to set up at least three gasification plants (besides Dankuni) on build, own, operate (BOO) basis through global tendering and has signed pact with GAIL for marketing synthetic natural gas.
Venture Catalysts raises Rs 100 cr for investing in over 100 startups
Angel investor Venture Catalysts (VC) on Tuesday said it has raised Rs 100 crore for a new fund which will invest in over 100 Indian startups.
The ‘9unicorns Accelerator Fund’ of VC is built along the lines of Silicon Valley’s accelerator fund Y Combinator’s strategy which has over 2,000 investments.
This is the first close of Rs 100 crore or USD 14 million for the fund, which will focus on identifying startups early and would prefer to be the first external investor in a company’s journey, a company statement said.
VC’s founding team members Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain and Gaurav Jain are the founders for the fund, it said.
Foreign companies rush to register in India to meet new ‘Atmanirbhar Bharat’ rules
The tweaked public procurement order disqualifying companies with less than 20% domestic content from most government tenders has prompted foreign firms to set up their shops in India.
The chartered accountancy (CA) firms have seen growing requests from various foreign companies to incorporate their wholly-owned subsidiaries in India to meet the revised tender criteria.
In order to promote local manufacturing, Department for Promotion of Industry and Internal Trade (DPIIT) amended the public procurement rules to ensure that only items with minimum 20% local content can participate in tenders floated by the government or any of its entities.
Also, items with more than 50% local content will get purchase preference over other items.
The government had announced that no global tender will be issued for procurement of items worth less than Rs 200 crore.
In a bid to support local manufacturing, the government has taken a slew of tariff and non-tariff measures especially to contain import of cheap items from China.
Defence Min inks Rs 2,580-crore deal with Indian companies to procure Pinaka rocket launchers
In a boost to Prime Minister Narendra Modi’s ‘Make in India’ initiative, the defence ministry on Monday sealed a deal with Tata Power Company Ltd (TPCL) and engineering major Larsen & Toubro (L&T) to procure Pinaka rocket launchers.
The defence public sector undertaking Bharat Earth Movers Ltd (BEML) will also be part of the project.
TPCL and L&T will manufacture rocket launchers for six Army regiments at a cost of Rs 2,580 crore.
The BEML will supply the vehicles on which the rocket launchers will be mounted.
The six Pinaka Regiments will be supplied to the Regiment of Artillery of the Indian Army at an approximate cost of Rs 2580 Crores.
The six Pinaka Regiments comprise 114 launchers with Automated Gun Aiming and Positioning System (AGAPS) and 45 Command Posts.
BEML will manufacture 330 vehicles on which the domestically made rocket launchers will be mounted.
The Pinaka Regiments will be operationalised along the northern and eastern Borders of the further enhancing the operational preparedness of the armed forces. The Pinaka Regiments are is planned to be completed by 2024.
The Pinaka Multiple Launch Rocket System (MLRS) has been indigenously designed and developed by DRDO and the production will be done by the above-mentioned defence industries.
Virgin Atlantic to resume flights from London to Delhi, Mumbai from September 2
British premier carrier Virgin Atlantic on Thursday announced the resumption of its flight services to Delhi and Mumbai from London Heathrow, under the air bubble pact, starting September 2.
Virgin Atlantic plans to operate three flights a week from Delhi to London Heathrow from September 2, while Mumbai services are planned to re-commence from September 17 with four flights per week, the airline said in a release. Both the destinations will provide connections to New York JFK and will operate on 787-9 Dreamliner, it said.
The flights to the two destinations in India from London are being resumed under the air bubble pact between the UK and Indian governments, British premier carrier Virgin Atlantic said.
An air bubble is a bilateral arrangement with a set of regulations and restrictions, in which the carriers of the two countries can operate international flights.
‘Pakistan repeating lies on J&K’: India slams article in Chinese paper
India on Thursday slammed Pakistani ambassador to China Moin-ul-Haque for his “lies and half-truths” on Jammu and Kashmir, and said terrorists “recruited, trained and armed” by Islamabad have disturbed peace and order in the Union Territory which is an integral part of India.
“India’s concerted efforts to bring peace, stability and progress to J&K stand in stark contrast to Pakistan’s strategy, which is little more than a blatant and rapacious campaign of cross-border terrorism aimed at debilitating the region,” the Embassy of India in China said.
“Terrorists recruited, trained and armed by Pakistan have disturbed peace and order in J&K, with over 450 incidents of terrorist-orchestrated violence taking place since August 2019, leading to several civilian casualties. And it is in fact Pakistan that has repeatedly effected administrative and demographic changes in territories that it has occupied illegally and forcibly in J&K and Ladakh,” the Embassy of India in China said.
The Embassy made these remarks in response to an article titled ‘Urgent actions on Jammu, Kashmir needed’ published in China’s state-run Global Times on August 7.
India confident in standing solo against China in any future border dispute: EFSAS
Post the violent June 15 Galwan Valley clashes, India has shown the confidence of standing solo against China in any future border dispute despite the United States’ offer of forming a Quad alliance against Beijing, a European-based think tank said.
“In the initial phase of disengagement at Pangong Tso, the Chinese moved back from Finger 4 to Finger 5, but continued with their deployment on the ridge line. India is insisting that China move back from Finger 5 to its old position on the Finger 8 spur. In the face of repeated demands by the Chinese negotiators that India move its troops back from the forward areas, India has refused to consider any de-escalation until the disengagement process through the withdrawal of Chinese intrusions is complete,” the European Foundation for South Asian Studies (EFSAS) said in its commentary.
भारत और पाकिस्तान के बीच जल बंटवारे को लेकर चल रहे विवाद में विश्व बैंक न तो अंतरराष्ट्रीय न्यायालय में जाएगा और न ही किसी स्वतंत्र पर्यवेक्षक को नियुक्त कर उससे रिपोर्ट लेगा। यह विवाद दोनों देशों को ही मिलकर निपटाना होगा। विश्व बैंक का यह रुख पाकिस्तान को झटका देने वाला माना जा रहा है। दोनों देशों के बीच हुई जल बंटवारा संधि में विश्व बैंक भी एक पक्ष है।
भारत और पाकिस्तान के बीच नौ साल चली वार्ता के बाद 1960 में जल समझौता हुआ था। विश्व बैंक ने तीसरे पक्ष के रूप में समझौता पत्र पर दस्तखत किए थे। समझौते के अनुसार, दोनों देशों को हिमालय से निकलकर भारत होते हुए पाकिस्तान में बहने वाली नदियों के जल के संबंध में सूचनाओं का लेन-देन करना था और पानी के इस्तेमाल पर सहयोग का तंत्र बनाना था।
देशों ने दशकों तक ऐसा किया, लेकिन हाल के वर्षो में दोनों देशों में बनने वाले बांधों को लेकर विवाद की स्थिति बन गई। पाकिस्तान में पांच साल का कार्यकाल पूरा करने वाले विश्व बैंक के निदेशक पचमुथु इलनगोवन डॉन ने अखबार से साक्षात्कार में कहा, भारत और पाकिस्तान को साथ बैठक विकल्पों पर बात करनी चाहिए और मतभेदों का समाधान निकालना चाहिए।
पाकिस्तान ने सऊदी अरब को तीन अरब डॉलर कर्ज में से एक अरब डॉलर की राशि वापस की है। मजेदार बात यह है कि इस कर्ज की अदायगी के लिए पाकिस्तान ने चीन से एक अरब डॉलर की रकम उधार ली है… यानी कंगाली के कगार पर खड़ा पाकिस्तान अब कर्ज को चुकाने के लिए भी कर्ज ले रहा है।
उच्च पदस्थ सूत्रों के हवाले से पाकिस्तानी अखबार ‘द एक्सप्रेस ट्रिब्यून’ ने अपनी रिपोर्ट में खुलासा किया है कि इमरान खान की सरकार के इस रवैये से सऊदी अरब नाराज हो गया है और उसने अपने वित्तीय समर्थन को भी वापस ले लिया है।
World has lot riding on India and China relations: Jaishankar on LAC crisis
The world has a lot riding on India and China given their size and the impact, External Affairs Minister S Jaishankar said on Saturday, suggesting that the future of ties between the two countries would depend on reaching “some kind of equilibrium or understanding”.
In an online interaction at a CII summit, Jaishankar said there are “problems” between the two countries which are “well laid out”.
He was replying to a question on whether India and China will be able to become friends in the next 10-20 years just like the way France and Germany overcame their past to forge a new relationship.
Jaishankar holds discussion on Covid-19 with five countries
External Affairs Minister S Jaishankar on Friday held a meeting with his counterparts from the US, Australia, Israel, Brazil and South Korea and discussed challenges related to the coronavirus.
Jaishankar said in a tweet that he had a “useful meeting” with Australian Foreign Minister Marise Payne, South Korean Foreign Minister Kang Kyung-wha, Brazilian Foreign Minister Ernesto Araujo, Israeli Foreign Minister Gabi Ashkenazi and US Secretary of State Mike Pompeo.
India, Bangladesh traders demand trial run of vessels through protocol route on Gomati river this month
Traders of India and Bangladesh have demanded a trial run of vessels on the Gomati river this month to operationalise the Indo-Bangla protocol route between Sonamura in Tripura’s Sipahijala district and Daudkandi in the neighbouring country, officials said.
A high-level team of officials of the Bangladesh Shipping Ministry surveyed the riverine protocol route on Tuesday, Sonamura sub-divisional magistrate Subrata Majumder said.
The Tripura government had launched a floating jetty on the Gomati river as part of the Indo-Bangla international inland waterways connectivity project on July 4 this year.
India sending more relief, humanitarian materials to explosion-hit Lebanon
India is sending more relief and humanitarian materials, including medicines and foodstuff, to Lebanon after a massive explosion last week devastated parts of Beirut, killing more than 160 people and injuring 6,000 others.
India’s Permanent Representative to the UN Ambassador T S Tirumurti offered deep condolences on behalf of the Government and people of India to Lebanon on “this terrible human tragedy”.
Air India shuts down five offices in Europe amid COVID-19 crisis
Air India on Wednesday announced that it will shut down its five offices in five countries across Europe due to zero flight operations amid the COVID-19 pandemic. The airline will shut its offices in–Vienna (Austria), Milan (Italy), Madrid (Spain), Copenhagen (Denmark) and Stockholm (Sweden).
There are no Air India flights under Vande Bharat Mission there and regularly scheduled flights are also not operating currently.
New procurement rules: Hong Kong stopover leaves MNCs in India stranded
Multinationals using regional headquarters in Hong Kong to set up operations in India or do business in the country have got caught in the crosshairs of new government procurement rules ostensibly targeted at Chinese companies.
The finance ministry had issued an order on July 23 amending the General Financial Rules 2017 “to enable imposition of restrictions on bidders from countries which share a land border with India on grounds of defence and national security”. The move was largely seen as targeted against China, coming in the wake of border tensions.
कोरोना वैक्सीन के लिए भारत-अमेरिका साथ कर रहे काम, दोनों देशों में साझेदारी
अमेरिका अमेरिका में भारतीय राजदूत तरनजीत सिंह संधू ने एक वेबिनार में कहा कि कोरोना महामारी के इस दौर में स्वास्थ्य देखभाल और चिकित्सा अनुसंधान के क्षेत्र में भारत-अमेरिका के वैज्ञानिकों व इंजीनियरों के लिए आपसी सहयोग की असीम संभावनाएं हैं
इंडिया-यूएस साइंस एंड टेक्नोलॉजी इंडोमेंट फंड के तहत कोविड-19 वर्चुअल नेटवर्क्स विकसित किए गए हैं।
Spain, Slovakia to issue ‘Gratis Visa’ to Indians in the wake of COVID-19 crisis
Embassies of Spain and Slovakia have agreed to issue ‘Gratis Visa’ to all Indians who were issued a visa earlier this year, but could not travel in the last few months due to the Coronavirus outbreak. The decision came after an appeal forwarded by the Outbound Tour Operators’ Association of India (OTOAI), which had sent letters to European embassies in India, requesting them to issue Gratis Visas to all those travellers, who despite having received valid travel visas this year could not undertake the planned visits (Times of India, 11 August, 2020) News Link
भारत, नेपाल और बांग्लादेश जैसे दक्षिण पूर्व एशियाई देशों में आई बाढ़ की वजह से हुए नुकसान को ध्यान में रखते हुए प्रभावित लोगों के लिए यूरोपीय संघ ने लगभग 14.50 करोड़ रुपये (1.65 मिलियन यूरो) की सहायता राशि प्रदान की है।
यूरोपीय संघ ने कहा है, इस साल इस क्षेत्र में आए अम्फान चक्रवात जैसी आपदा को देखते हुए प्रभावित परिवारों के लिए पहले लगभग 15.85 करोड़ रुपये (1.8 मिलियन यूरो) की सहायता मुहैया कराई गई थी। वर्तमान में दी गई सहायता राशि को मिलाकर अब तक इस क्षेत्र में प्रभावित लोगों के लिए लगभग 30 करोड़ रुपये (3.45 मिलियन यूरो) मुहैया कराए जा चुके हैं।
बातचीत का एजेंडा नेपाल में भारत की सहायता से चल रहे प्रोजेक्ट्स बताए गए हैं| दोनों देश क्रॉस बॉर्डर ट्रेन सर्विस, एग्रीकल्चर, भूकंप के बाद री-कन्स्ट्रक्शन जैसे प्रोजेक्ट साथ कर रहे हैं।
2016 में नेपाल के तब के प्रधानमंत्री पुष्प कमल दहल उर्फ प्रचंड भारत आए थे। दोनों देशों ने आपसी विवाद सुलझाने और सहयोग बढ़ाने के लिए मैकेनिज्म तैयार किया था। 17 अगस्त को इसी मैकेनिज्म के तहत 8वीं बातचीत होगी।
नेपाल की तरफ से विदेश मंत्रालय में सचिव शंकर दास बैरागी शामिल होंगे।