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Friday, 27 January 2017

NATO, Russia and trade top the agenda for Trump talks with Britain's May


Britain's Prime Minister Theresa May acknowledges applause before speaking during the 2017 ''Congress of Tomorrow'' Joint Republican Issues Conference in Philadelphia, Pennsylvania, U.S. January 26, 2017. REUTERS/Mark Makela


WASHINGTON: U.S. President Donald Trump and British Prime Minister Theresa May, who share an unusual bond as the products of anti-establishment uprisings, will sit down on Friday for what could be a difficult search for unity on NATO, Russia and trade.

The meeting will mark Trump’s first with a foreign leader since taking power a week ago, and it could go a long way toward determining how crucial Trump considers the traditional “special relationship” between the two countries.

Trump rode an anti-Washington wave to win on Nov. 8, and May gained power in July after the "Brexit" vote that has put her country on a path to separate from the European Union. The meeting will conclude with a joint White House news conference.

Trump has declared NATO obsolete and expressed a desire for warmer ties with Russia. May considers the trans-Atlantic alliance crucial and is skeptical of Russian President Vladimir Putin.

They both want to begin work on a bilateral trade agreement, which for May would provide proof of stability amid the Brexit breakup and for Trump would support his belief that he can negotiate one-on-one trade pacts.

"They both need this to be a success," said Heather Conley, a European expert at the Center for Strategic and International Studies think tank.

Trump, she said, "needs to demonstrate that he has a command of issues" while May "needs to hear strong messages of support for her vision of a Britain that works for everyone, a global Britain."

May, in a speech to Republican lawmakers gathered in Philadelphia on Thursday, suggested she saw the need for some reforms in NATO and for more countries to pay more to the alliance to help fund it, which has been Trump's main complaint about NATO.

"America’s leadership role in NATO – supported by Britain – must be the central element around which the alliance is built," May said.

But she said that EU nations "must step up" to ensure NATO remains the cornerstone of the West's defense.

Thursday, 26 January 2017

India-UAE condemn State-backed use of religion to sponsor terrorism




New Delhi, Jan 26 (PTI) In a veiled attack on Pakistan, India and the UAE have condemned efforts by States to use religion to sponsor and sustain terrorism against other countries, and resolved to cooperate in countering terrorism by adopting a policy of "zero tolerance" towards the menace.

An India-UAE joint statement today, said the two sides agreed to coordinate efforts to counter radicalisation and misuse of religion by groups and countries for inciting hatred and perpetrating acts of terrorism.

Acknowledging the common threat posed by terrorism to peace and security, the two countries reaffirmed their "strong condemnation of and resolute opposition to terrorism in all its forms and manifestations, wherever committed and by whomever, and declared that there could be no justification for terrorism anywhere", it said.

Prime Minister Narendra Modi and Crown Prince of Abu Dhabi Sheikh Mohamed bin Zayed Al Nahyan had held comprehensive talks yesterday on bilateral, regional and international issues after which the two sides signed a comprehensive strategic partnership agreement and over a dozen pacts in key areas like defence, security, trade and energy.

Without naming Pakistan, the statement said, "The two sides condemned efforts, including by States, to use religion to justify, sustain and sponsor terrorism against other countries.

"They further deplored efforts by countries to give religious and sectarian colour to political issues and pointed out the responsibility of all States to control the activities of the so-called 'non-State actors'." 

The two leaders articulated their unequivocal resolve to cooperate on counterterrorism by adopting a policy of zero tolerance towards the menace, it said.

Expressing satisfaction at the growing bilateral collaboration on counterterrorism, information-sharing and capacity-building, the two sides exuded confidence that these efforts would contribute to regional and global peace and security.

"The two sides agreed to coordinate efforts to counter radicalisation and misuse of religion by groups and countries for inciting hatred and perpetrating acts of terrorism.

"They emphasised the need to facilitate regular exchanges of religious scholars and intellectuals and to organise conferences and seminars to promote the values of peace, tolerance, inclusiveness and welfare that are inherent in all religions," the statement added.

Gravely concerned about the threat posed by terrorism and violent extremism which undermine security and stability, the two leaders agreed that resolute and credible steps must be taken to eliminate safe heavens and sanctuaries that provide shelter to terrorists and their activities.

The Indian side expressed deep appreciation for the solidarity expressed by the UAE on the terrorist attacks on the Indian Air Force base in Pathankot in January 2016 and on the Army camp in Uri in September 2016. .

Wednesday, 25 January 2017

India to fill Mangalore strategic reserve with UAE oil


Sheikh Mohammed bin Zayed al-Nahyan, Crown Prince of Abu Dhabi and UAE's deputy commander-in-chief of the armed forces shakes hands with India's Prime Minister Narendra Modi (R) during a photo opportunity ahead of their meeting at Hyderabad House in New Delhi, India, January... REUTERS/Adnan Abidi
By Nidhi Verma | NEW DELHI

India signed a deal with the United Arab Emirates on Wednesday that allows the Gulf OPEC country to fill half of an underground crude oil storage facility at Mangalore that is part of New Delhi's strategic reserve system.

New Delhi announced a series of pacts with the UAE ranging from defense, trade, maritime cooperation to energy after a meeting between Prime Minister Narendra Modi and Abu Dhabi's Crown Prince Sheikh Mohamed bin Zayed al-Nahyan.

UAE's Abu Dhabi National Oil Co [ADNOC.UL] will store about 6 million barrels of oil at Mangalore, taking up about half of the site's capacity, said Sunjay Sudhir, joint secretary for international cooperation at the Indian oil ministry.

India, hedging against energy security risks as it imports most of its oil needs, is building emergency storage in underground caverns to hold 36.87 million barrels of crude, or about 10 days of its average daily oil demand in 2016.

"This will ... help to ensure India's energy security and enable us to meet the nation's growing demand for energy," said Indian oil minister Dharmendra Pradhan.

As one of the fastest growing economies in the world, India needs massive investments in some key sectors, particularly infrastructure.

ADNOC said the Mangalore oil storage facility is the third that it has access to in Asia after Japan and South Korea, enabling the company to become more competitive in meeting market demand across south east Asia.

"India is an important energy market and this storage agreement reinforces ADNOC's role as one of the world's most trusted and reliable suppliers of oil," Sultan Ahmed Al Jaber, UAE Minister of State and ADNOC Group CEO said in a statement.

"We will utilize the Mangalore facility to not only build on our existing business relationships across India but also to explore new downstream opportunities for ADNOC's expanding range of refined and petrochemical products."

During Modi's visit to the UAE in 2015, the two countries announced a $75 billion joint infrastructure fund that would invest in India's infrastructure development. UAE is India's fifth biggest oil supplier.

The crude supplies will begin in the last quarter of this year, Sudhir told Reuters. "We are talking to them (ADNOC) for two-three grades and most likely it will Murban."

The two sides had discussed ways to advance their energy ties through specific projects, including long-term supply contracts and joint ventures in energy, Modi said in a speech after his meeting with the crown prince.

India in 2014 began talks to lease part of its strategic storage to ADNOC. Under those discussions, India was to have first rights to the stored crude in case of an emergency, while ADNOC would be able to move cargoes to meet any shift in demand.

India has already filled the other half of the Mangalore storage in Karnataka state with 6 million barrels of Iranian oil.

India, the world's third-biggest oil consumer, has also filled a Vizag storage site in southern Andhra Pradesh with 7.55 million barrels of Iraqi oil and has invited bids from suppliers to fill an 18.3 million-barrel facility at Padur in Karnataka.

The crown prince of Abu Dhabi will be the guest of honor at India's Republic Day parade on Thursday.

President bats for simultaneous polls

 New Delhi, Jan 25 (PTI) President Pranab Mukherjee today batted strongly for simultaneous elections to Parliament and Assemblies and backed the demonetisation drive, two issues on which the Government has focused its attention.

He asked the Election Commission to carry forward the idea of simultaneous polls in consultation with political parties.

In his Republic Day eve address to the Nation, the President also asserted that the country's strength lies in is pluralism and diversity and that India has traditionally celebrated the argumentative" Indian; not the "intolerant" Indian.

"Multiple views, thoughts and philosophies have competed with each other peacefully for centuries in our country. A wise and discerning mind is necessary for democracy to flourish," he said.

Mukherjee underlined that strengths of India democracy but cautioned against disruptions in Parliament and State Assemblies.

"We have a noisy democracy. Yet, we need more and not less of democracy," he said.

But, he said, it is right time to acknowledge that systems are not perfect and those imperfections have to be recognised and rectified.

"The settled complacencies have to be questioned. The edifice of trust has to be strengthened. The time is also ripe for a constructive debate on electoral reforms and a return to the practise of the early decades after independence when elections to Lok Sabha and state assemblies were held simultaneously.

"It is for the Election Commission to take this exercise forward in consultation with political parties," Mukherjee said.

The President said the depth and breadth of Indian democracy sparkles in the regular elections being held in panchayati raj institutions.

"And yet, our legislatures lose sessions to disruptions when they should be debating and legislating on issues of importance. Collective efforts must be made to bring the focus back to debate, discussion and decision-making," he said.

On demonetisation, the President said it may have led to "temporary" slowdown in economy but will bring more transparency in the system.

"Demonetisation, while immobilising black money and fighting corruption, may have led to temporary slowdown of economic activity. As more and more transactions become cashless, it will improve the transparency of the economy," Mukherjee said.

PM asks 18-year-olds to register as voters



New Delhi, Jan 25 (PTI) On the National Voters' Day, Prime Minister Narendra Modi today urged all those who turn 18 to register as a voter and exercise their franchise as "elections are celebrations of democracy".

"Wishing you all on National Voters Day. We greet the Election Commission & salute their important role in our democracy," he tweeted.

"Elections are celebrations of democracy. They communicate the will of the people, which is supreme in a democracy," he added.

In remarks assuming significance in view of upcoming assembly polls in 5 states, the Prime Minister said, "I urge every eligible voter to exercise his or her franchise & call upon my young friends to register as voters when they turn 18.

Tuesday, 24 January 2017

Sensex scales 258 pts to 2-month high, Nifty above 8,400



Mumbai, Jan 24 (PTI) A set of strong corporate earnings numbers gave the market enough comfort as the Sensex soared by over 258 points today to end at 27,376, a 2-month high, with covering of short positions ahead of derivatives expiry making the job easier.

The big domestic trigger coming up next is Union budget, which is slated for February 1.

Encouraging results from blue-chips led by HDFC Bank, Tata Communications and HCL Tech got investors going, with mood turning positive after a higher opening in Europe.

The 30-share pack resumed higher and moved in a range of 27,393.35 and 27,140.85 before ending at 27,375.58, a sharp gain of 258.24 points, or 0.95 per cent. This is its highest closing since November 10, 2016, when it closed at 27,517.68.

It had gained 82.84 points in the previous session.

The NSE 50-share Nifty also recaptured the 8,400-mark by rising 84.30 points, or 1 per cent, to end at 8,475.80.

"The market extended gains with increasing focus on the upcoming budget which induced participants for short-covering ahead of the expiry tomorrow (Thursday). Positive quarter results have also influenced the investors to participate in the pre-budget rally," said Vinod Nair, Head of Research, Geojit BNP Paribas Financial Services.

The rupee too closed higher against the dollar.

But traders remained cautious ahead of the Union budget which will throw light on how the government spends money on various social and infrastructure projects.

HDFC Bank ended 1.84 per cent higher after net profit grew 15.14 per cent to Rs 3,865.33 crore for the December quarter.

HT Media went up 1.32 per cent after the company put up a similar show, helped by higher other income and lower tax expenses. Tata Communications surged 5.35 per cent after an over 12-fold jump in December quarter profit.

In the domestic market, 26 stocks in the 30-share Sensex team ended higher while the remaining lost.

Metal firmed up 1.69 per cent, followed by auto (1.67 per cent), power (1.43 per cent), oil and gas (1.31 per cent), capital goods (1.26 per cent), PSU (1.12 per cent) and banking (0.86 per cent).

Bajaj Auto came out on top, up 3.42 per cent. M&M rose 2.68 per cent, Adani Ports 2.41 per cent, Coal India 1.96 per cent, L&T 1.88 per cent and Tata Motors (1.74 per cent).

But Bharti Airtel fell 1 per cent, followed by Infosys, HUL and ICICI Bank.

Broader markets also traded in a positive zone. The BSE mid-cap and small-cap indices rose 0.96 per cent and 0.85 per cent, respectively.

Foreign portfolio investors (FPIs) sold shares worth a net Rs 288.80 crore yesterday, as per provisional data.

Hong Kong's Hang Seng was up 0.22 per cent while Shanghai Composite edged higher 0.18 per cent. However, Japan's Nikkei fell 0.55 per cent.

European shares were trading higher too. .

US President Trump to speak with Prime Minister Modi tonight

 Washington, Jan 24 (PTI) US President Donald Trump will speak to Prime Minister Narendra Modi tonight over phone, the White House said, four days after he was sworn-in as the 45th President of America.

"The President speaks with Indian Prime Minister, Narendra Modi," the White House said as it released Trump's schedule for today.

Trump is scheduled to speak with Modi over phone at 1 PM Washington DC time, which is 11:30 PM IST.

With this Modi, would be the fifth foreign leader Trump would have spoken with over phone after being sworn-in as the US President on January 20.

On January 21, Trump spoke with Canadian Prime Minister Justin Trudeau and Mexican Premier Pena Nieto.

On Sunday, Trump spoke with Israeli Prime Minister Benjamin Netanyahu and yesterday he had a telephonic conversation with the Egyptian President Abdel Fattah el-Sisi.

After Trump surprised the world with his historic victory in the November 8 general elections, Modi was among the first five world leaders to have congratulated Trump.

During his gruelling election campaign, India is among the few countries in addition to Israel with whom Trump spoke of strengthening ties if elected to power.

At a charity event organised by the Republican Hindu Coalition for the Kashmiri Pandit terror victims and the Bangladeshi Hindu victims in Edison on October 15, Trump, as the then Republican presidential nominee, had praised India's fast growth rate and Modi's bureaucratic and economic reforms.

"Under a Trump Administration, we are going to become even better friends, in fact I would take the term better out and we would be best friend," Trump had told a cheering crowd of Indian-Americans in Edison, New Jersey.

"We are going to have a phenomenal future together," Trump had said and praised Modi for taking India on fast track growth with series of economic reforms and reforming the bureaucracy, which he said is required in the US too.

"I look forward to working with Prime Minister Modi," he had said, adding that the Indian leader is very energetic.

"India is key and a key strategic ally," he had said.

Monday, 23 January 2017

Jallikattu stir takes violent turn in Chennai; Bill passed

Chennai, Jan 23 (PTI) Violence broke out today in Chennai and other parts of Tamil Nadu as police cracked down on protesters even as the six-day-old 'Marina uprising" was called off after the state Assembly passed a bill to replace the ordinance allowing the banned jallikattu.

The agitation in Madurai, famous for its Alanganallur bull taming event, Tiruchirapalli, Coimbatore and other places were also withdrawn late in the evening.

After the crackdown early in the morning, the sands of Marina beach and areas around it in Triplicane, Teynampet and Sellur in Madurai and Gandhipuram in Coimbatore witnessed pitched battles between the protesters and police who fired teargas shells and resorted to lathicharge to disperse the large crowds.

There were incidents of stonethrowing and burning of vehicles and sundry items at various places in protest against the police action. Police personnel and their vehicles along with those of public were targeted. A number of policemen and members of the public were also injured.

Police suspected that some protesters belonged to ultra- left organisations like CPI-ML and Revolutionary Youth Front of India but the agitators said the students and youth who had given the call were not involved in the violence.

Initially, crowds defied appeals for withdrawing the agitation but the protesters were not in a mood to relent.

Acting quickly, the AIADMK government tabled the bill in the Assembly after the Governor's address to replace the ordinance for conducting jallikattu without any hindrance.

The Prevention of Cruelty to Animals (Tamil Nadu Amendment), Act, 2017 piloted by Chief Minister O Panneerselvam was adopted unanimously by a voice vote after a brief debate.

After the ordinance, for which the Centre gave quick approval last week, was enacted, pro-jallikattu organisations and film Director Gautaman appealed to the protesters to withdraw the stir.

Parallely, former Madras High Court judge Justice Hari Paranthaman acted as a mediator by explaining the process of lawmaking through ordinance and said for the moment this was a "permanent solution" that is a victory for the agitators. The agitators numbering a few thousands withdrew their protest after appeals by the judge and office bearers of advocates associations.

Tamil stars Rajinikanth and Kamal Haasan also expressed concern over the violence and called for restraint by the agitating students.

The protesters fought pitched battles with police in several pockets in Chennai, especially around Marina Beach from where thousands were evicted, and blocked roads in various parts of the city..

Priyanka played "active role" in tie-up with SP, says Cong, stays mum on future part

 New Delhi, Jan 23 (PTI) The Congress party, which had lauded Priyanka Gandhi's role in cobbling together an alliance with Samajwadi Party in Uttar Pradesh, was today evasive about the part she could play in the party in future.

Congress spokesperson Ajoy Kumar said Priyanka, who had hitherto limited herself to Amethi and Rae Bareli Parliamentary seats represented by her brother Rahul Gandhi and mother Sonia respectively, played an "active role" along with senior leader Ghulam Nabi Azad in putting together an alliance with Samajwadi Party.

Kumar said Priyanka was following "instructions" from Congress vice president Rahul Gandhi, "who can assign a role to any party worker".

"Priyanka Gandhi Vadra has been active in the two Parliamentary seats of Amethi and Rae Bareli purely out of her choice and we respect that.

"As far as UP elections are concerned, Congress vice president Rahul Gandhi requested Ghulam Nabi Azad ji and Priyanka ji for sewing the alliance of progressive, like- minded parties," he said when asked about the role she played in bringing about the tie-up in UP.

When asked about the role she could play in the state in future, the Congress leader said, "The workers of the Congress party and everybody else are desirous of Priyanka Gandhi playing a larger role. As and when that happens you will be duly informed."

Party insiders said she was instrumental in bringing Navjot Singh Sidhu and some other leaders into the party fold ahead of the elections to five state assemblies.

Facing a barrage of questions as to how she assumed such an important role despite not being an official of the party, the Congress spokesperson said, "The Congress vice president can ask any party worker to take an active role. Why should there be an issue of propriety?"

"The Congress vice president can instruct, request anybody in the party for any work he deems fit. So he made a request to Ghulam Nabi Azad and Priyanka ji for helping in sewing the entire alliance and that is what has happened."

He said now a "wonderful" alliance was in place despite many not wanting so.

There has been widespread speculation about Priyanka assuming a larger role in the party, particularly after her mother and Congress president Sonia Gandhi started not keeping well.

Sunday, 22 January 2017

SP, Cong clinch poll alliance in UP




Lucknow, Jan 22 (PTI) Capping days of feverish parleys, Congress and Samajwadi Party today forged an alliance to contest the UP Assembly polls together.

At a joint press conference here, leaders the two parties said SP will contest 298 of the 403 seats and Congress the remaining 105.

"SP and Congress have forged an alliance and will contest UP assembly polls together," SP state president Naresh Uttam told the hurriedly convened media briefing.

UP PCC chief Raj Babbar hoped the SP-Congress alliance will reap a bumper electoral harvest in the state and fulfil aspriations of all sections of the society.

He said a Common Minimum Programme will be drafted within a week.

Talks between top Congress and SP leaders had been going on for the last several days for but an announcement got delayed as the two parties refused to scale down their demand for the number of seats each would contest.

Sources said the alliance materialised after Congress President Sonia Gandhi intervened.

They said top leaders of both the parties finalised the seat sharing arrangement around wee hours today.

Senior Congress leader Ahmed Patel had earlier tweeted: "Discussion was at highest level- CM (UP), GS I/C & Priyanka Gandhi."

Prospects of forming of an alliance between Samajwadi Party and Congress for the Uttar Pradesh polls had run into rough weather, with both parties hardening their stance over the number of seats.

At one stage senior SP leader Naresh Agarwal had said the possibility of an alliance was "almost over" and blamed the "stubborn" attitude of Congress for the deadlock.

Chief Minister Akhilesh Yadav had initially offered 100 seats to Congress but they demanded 120.

Samajwadi Party then argued that it had 234 sitting legislators and there were some others who would also contest.

Thus, the ruling party needed at least 300 of the 403 seats.
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But, Congress leaders had informed the SP that in such a scenario, there cannot be an alliance. .