The Indian Panorama

Tag: Investments

  • Board of Public Works Approves $787 Million in Funding for Projects Across Maryland

    Board of Public Works Approves $787 Million in Funding for Projects Across Maryland

    ANNAPOLIS, Md. (TIP):  Comptroller Brooke E. Lierman joined Governor Wes Moore and Chief Deputy Treasurer Jon Martin in approving more than $787 million in state expenditures during Wednesday’s Board of Public Works meeting.  Contracts and spending approved included $24,250,000 for 25 projects through the Baltimore Regional Neighborhood Initiative, National Capital Strategic Economic Development Fund, and Seed Community Development Anchor Institution Fund for Fiscal Year 2026. Comptroller Lierman applauded the investment that will support increased housing and community development opportunities.

    “These are the kinds of investments that build safer cities,” Comptroller Lierman shared, pointing to decisions by the Maryland General Assembly to create the Baltimore Regional Neighborhood Initiative after the unrest in Baltimore in 2015, and other funds soon after. “Statewide leaders recognized that for Baltimore to reach its full potential, it needed this kind of investment after years of disinvestment. Revitalizing properties, rehabbing the vacant homes, rebuilding wealth in the city, is a much better use of our precious tax dollars than deploying armed forces. This work creates a broadening tax base, housing for middle-income families and workers, and long-term prosperity.”

    Comptroller Lierman voted against one-year temporary extensions for three capital grants and loans, citing the ample time provided to encumber the original funding and present funding restraints. The extensions were approved with a vote of 2-1.

    Comptroller Lierman also voted against a request from the Department of Information Technology to award eight firms a work-order-based contract to provide digital services and agile development support to modernize Maryland’s digital infrastructure. Comptroller Lierman acknowledged the importance of the work covered by the contract but cited concerns about the contract vehicle and decreased opportunities for businesses headquartered in Maryland to compete for the same work. The contract was also approved with a vote of 2-1.

    In all, the Board of Public Works approved 116 items, totaling $787,696,527.03, including:

    • Grant agreements for 17 recipients for 17 projects located in nine counties and Baltimore City, with a total value of $8,102,823.
    • 10 items awarding $7,538,738.15 to prime certified small business primes.
    • Six items awarding $20,370,604.64 to certified minority business enterprise primes.
    • 11 items awarded with established participation goals for minority business enterprises.
    • Four items awarded with established participation goals for veteran-owned small business enterprises.
    • The next meeting of the Board of Public Works will be held on September 10, 2025.
  • Embassy of India Celebrates the 53rd Anniversary of Diplomatic Relations with Guatemala

    Embassy of India Celebrates the 53rd Anniversary of Diplomatic Relations with Guatemala

    GUATEMALA CITY (TIP): The Embassy of India in Guatemala, in collaboration with the Ministry of Foreign Affairs of the Republic of Guatemala, commemorated the 53rd anniversary of the establishment of diplomatic relations between India and Guatemala with a special celebration on 15 May 2025. The event was graced by H.E. Mr. Carlos Ramiro Martínez the Foreign Minister of Guatemala and Dr. Manoj Kumar Mohapatra, Ambassador of India. The celebration witnessed the presence of approximately 200 distinguished guests. These included members of the diplomatic corps, senior officials from various ministries, prominent dignitaries, business leaders, friends of India, and members of the Indian community in Guatemala.

    Mr. Carlos Ramiro Martínez, Foreign Minister of Guatemala, delivers his remarks during the 53rd anniversary celebration, commending India’s contributions in health, energy, technology, and humanitarian cooperation.

    The celebration highlighted the growing strength of India-Guatemala bilateral ties which are rooted in mutual respect, shared democratic values, and a commitment to global peace and sustainable development. The two countries have maintained close political cooperation through high-level engagements and multilateral collaboration. This anniversary served as a moment to reaffirm the deepening strategic partnership between the two nations, with a focus on expanding collaboration in trade, development cooperation, digital technologies, and infrastructure.

    Mr. Carlos Ramiro Martínez, Foreign Minister of Guatemala, pays floral tribute to Mahatma Gandhi, honoring his legacy of peace, non-violence, and universal brotherhood during the 53rd anniversary celebration of India-Guatemala diplomatic ties.

    During the event, Ambassador Dr. Manoj Kumar Mohapatra emphasized that the growing India–Guatemala partnership is rooted in mutual respect, shared democratic values, and a forward-looking vision focused on innovation, inclusive growth, and cultural exchange. Foreign Minister H.E. Mr. Carlos Ramiro Martínez welcomed India’s expanding footprint in Guatemala, appreciating its contributions in health, education, technology, and infrastructure, and reaffirmed Guatemala’s commitment to deepening bilateral cooperation.

    As part of India’s ongoing commitment to providing holistic humanitarian health assistance, the occasion was also utilized to formally hand over a confirmation letter to the Ministry of Defense of Guatemala for the organization of an artificial limb fitment camp within the Ministry’s premises. The letter was presented by Dr. Prem Bhandari, Chairman, Jaipur Foot USA, to the Executive Secretary of CONRED, Ms. Claudinne Ogaldes and Inspector General of the Army from Ministry of Defense, Mr. William Oswaldo Sierra Sam. The proposed camp is planned to run for approximately 50 days and aims to provide around 600+ prosthetic limbs to the beneficiaries of Guatemala. This initiative will be carried out by a dedicated team from Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS), consisting of seven skilled technicians and two team leaders. The necessary machinery and equipment for the camp are expected to arrive at a Guatemalan port in September 2025, with operations scheduled to begin in October 2025.

    Distinguished guests pay homage at the statue of Mahatma Gandhi

    Cultural and people-to-people connections continue to serve as a cornerstone of India-Guatemala relations. The Embassy’s efforts in cultural diplomacy have seen great success, notably the International Day of Yoga 2024 celebration at Mariscal Zavala which attracted over 5,000 participants, one of the largest in Americas and probably one of the largest in the world outside India. Building on this momentum, the Embassy, in partnership with the Governor of Cobán, the Ministry of Education, Asociación Centro Don Bosco, and the Municipalities of Talita Kumi and San Pedro Carchá, is organizing what is expected to be the largest-ever IDY celebration outside India. Scheduled to be held in Carchá on 13 June 2025, the event is projected to draw around 12,000 participants, with nearly 10,000 registrations already confirmed. In recognition of the shared values of peace and non-violence, and acknowledging the Asociación Centro Don Bosco’s deep commitment to Gandhian principles, especially in light of its historical experience during Guatemala’s civil war, Ambassador handed over the approval of Government of India for gifting of three busts of Mahatma Gandhi to the Association, which would be inaugurated during the IDY event in Coban.

    Ambassador Dr. Manoj Kumar Mohapatra with Mr. Carlos Ramiro Martinez, Foreign Minister of Guatemala, alongside Ms Claudienne Ogaldes, Executive Secretary of CONRED, and Mr. William Oswaldo Sierra Sam, Inspector General of the Army, Ministry of Defense at the 53rd anniversary celebration of India-Guatemala diplomatic ties.

    Economic and commercial ties between India and Guatemala have shown remarkable progress in recent years with a bilateral trade of US$663 million in 2024. India is now among Guatemala’s key Asian partners in trade and investment. Indian companies such as Pakka Inc and various textile firms have made significant investments in Guatemala, generating employment and contributing to industrial growth. BPO companies linked to Indian entities are already employing over 10,000 Guatemalans. India’s multifaceted engagement with Guatemala has witnessed significant developments across various sectors. Indian companies are currently undertaking a feasibility study to explore possibility to open three major data centers in the Central American region, two of which are identified in Guatemala. Another Indian company has committed a substantial investment of USD 150 million in the Petén region for vegetable oil production, contributing to agro-industrial development and job creation. Under the SICA-India cooperation framework, India continues to support Early Warning Systems (EWS) to enhance disaster resilience in the region. Through a collaboration with UNDP, the Open Learning Exchange initiative is targeting education enhancement, reaching one million learners across Guatemala. In a humanitarian gesture, India has donated several Indian generic medicines to municipalities across the country, supporting local healthcare systems.

    The Guatemalan Transport Association’s recent visit to India has opened avenues for a transformative public mobility initiative, with a potential order of thousands of buses. In Xela, a USD 1.2 billion urban infrastructure development projects are under discussion, further cementing bilateral cooperation. Recognizing the Ambassador of India’s contributions, the Municipality of Xela conferred its highest civilian honor on him. Earlier this year, the Vice Minister of Foreign Affairs of Guatemala participated in the prestigious CII Partnership Summit, further underlining the robust engagement between the two nations.

    Distinguished guests, including high-ranking officials, diplomats, business leaders, and members of the Indian community, gathered to celebrate the 53rd anniversary of India-Guatemala diplomatic relations.

    The Embassy of India has facilitated the formation of the India-Guatemala Chamber of Commerce & Industry to strengthen bilateral trade and investment cooperation. The Chamber aims to serve as a key platform for connecting businesses, fostering partnerships, and promoting economic engagement between the two countries. The successful implementation of a waste-to-energy/ compost project at Oakland Mall has set the tone for sustainable partnerships, with a second project underway at Miraflores, Guatemala City. To promote Indian film Industry and Indian movies in the Central American region, Embassy organized an Indian Film Festival across 20 locations in Guatemala, which was met with widespread appreciation. These collaborations underline India’s commitment to contributing to Guatemala’s development priorities through innovation and sustainable practices.

    The event on 15 May served not only as a celebration of the past 53 years of diplomatic ties but also as a reaffirmation of the shared vision for a prosperous, inclusive, and sustainable future for India and Guatemala.

    (Based on a press release issued by Mr. Ramesh Khulbey)

  • Birthday Predictions- May 5 to May 11

    Birthday Predictions- May 5 to May 11

    • By Astrologer Chirag Daruwalla  

    May 5

    Ganesha says although you are very talented, you need to learn to control your occasionally domineering and haughty behavior. This time, businessmen would diversify their operations into new, lucrative directions. Dealing in real estate might be quite profitable for you, but you should anticipate some partner resistance. Make the most of it since for some people, this is a new romance. Yoga and meditation should be practiced for both physical and spiritual benefits. Your children will likely have some exciting news to share. 

    May 6

    Ganesha says the upcoming season is favorable for launching new businesses. Projects that have been lagging up until now would pick up steam. If there are any disputes, they will be resolved and you will feel relieved. Coworker romances might start to grow, but they would be quite fleeting. You would keep ahead of others thanks to your competitive spirit, which would also make you well-liked by your peers. Friends will be supportive but also demanding. 

    May 7

    Ganesha says your ability to sway a sizable population is very strong. You are in the spotlight because of your modern, revolutionary beliefs, but you need to curb your occasionally stubborn and envious behavior. You will have a lot of energy this year, and if you use it well, you will achieve great success. Financially, it appears to be a good time to purchase property and equities, but all purchases should be done with the long term in mind. Later in the year, a far-off trip looks likely, probably to attend a fortunate event.

    May 8

    Ganesha says you are a person who is ambitious, competent, organized, sober, and straightforward. Slow projects would pick up steam. If there are any disagreements, they will be resolved and you will feel relieved. Coworker romances could blossom, but they would be very fleeting. You would keep ahead of others thanks to your competitive spirit, which would also make you well-liked by your fellow students. Friends will be supportive yet obstinate. 

    May 9

    Ganesha says today might be a good day to create new contacts that will benefit your career. Additionally, you would experience unexpected career advancements. If you go out and participate in clubs and other social activities, you will be quite successful socially. Compared to the previous several years, your income would be significantly higher. Even if they can be possessive at times, your loved one would be supportive and helpful. Minor health issues like backaches, stiff necks, or body aches will cause much trouble. 

    May 10

    Ganesha says many people’s financial situations improve, and some even inherit property. Your confidence will increase as the business prospers and you make money. The legal issues that have been weighing on your mind will be resolved to your satisfaction. For some, promotions and pay raises are likely. However, romance won’t be enjoyable because you’ll constantly be thinking about your regular conflicts and disagreements. Both academically and athletically, students will do incredibly well. 

    May 11

    Ganesha says the highlight today will be starting new employment and assignments. Transfers and promotions for select staff. Long-term returns on property investments will be favorable. You will travel frequently and successfully, earning money along the way, and you will develop enduring relationships. Your relationships with people of the opposite sex will get stronger, giving your life a new and exciting direction.

  • South Korean opposition leader opens presidential bid following Yoon’s ouster

    South Korean opposition leader opens presidential bid following Yoon’s ouster

    SEOUL (TIP): South Korean opposition leader Lee Jae-myung, widely seen as the frontrunner in a presidential by-election triggered by the removal of President Yoon Suk Yeol last week, officially announced a presidential bid on Thursday, vowing to heal a starkly divided nation through economic growth.
    Lee, who narrowly lost the 2022 election to Yoon, led the liberal Democratic Party’s campaign to oust the former president over his December declaration of martial law.
    Lee recently stepped down as the party’s chairman to focus on campaigning for the June 3 election. He is considered the clear frontrunner in party’s primary. Kim Dong-yeon, the Democratic governor of Gyeonggi province and a longtime financial policymaker, also told reporters Wednesday that he intends to run for president.
    Yoon’s downfall has left the conservative People Power Party in disarray, with roughly 10 politicians expected to seek the nomination, reflecting a split between Yoon loyalists, who still control the party’s leadership, and reformists calling for a fresh start.
    In a video message, Lee said that Yoon’s martial law saga exposed the country’s deep divisions and social conflicts, and argued that the root cause was a widening rich-poor gap. He promised aggressive government spending to jolt economic growth and ease income polarization.
    “We have more than we did in the past, but wealth is too concentrated in certain areas,” Lee said. “With economic growth rates declining worldwide, it has become difficult to maintain and develop an economy solely on the strength of the private sector. However, with government-led talent development and extensive investments in technological research and development, we can revive the economy.”
    Lee said it was crucial to maintain a robust alliance with the United States and to pursue three-way cooperation with Japan, but he stressed that South Korea’s national interest should come first in “every decision.”
    Lee, who has served as a lawmaker, provincial governor and city mayor, is adored by supporters for his outspoken style and has long positioned himself as an anti-elitist. His critics view him as a populist who stokes division and demonizes conservative opponents while failing to offer realistic funding plans to achieve his ambitious goals.
    Kweon Seong-dong, floor leader of the People Power Party and a staunch Yoon loyalist, said that if Lee becomes president, he will “ruthlessly wield the sword of dogmatism and retribution” and further deepen the country’s divisions.
    Lee also has his own set of legal troubles, facing five different trials for corruption and other criminal charges.
    Earlier this month, the Constitutional Court upheld Yoon’s impeachment by the legislature and formally removed him from office over the martial law decree, triggering a presidential by-election within 60 days. The next president will serve a full 5-year term.
    Former PPP leader Han Dong-hoon, who heads the party’s anti-Yoon faction, was expected to announce his presidential bid on Thursday. Among the conservatives’ presidential hopefuls, former Labor Minister Kim Moon Soo is considered to be the most pro-Yoon.
    Kim, Daegu Mayor Hong Joon-pyo and senior PPP lawmaker Ahn Cheol-soo—a former computer software entrepreneur and three-time presidential candidate—have declared their intentions to run for president. Seoul Mayor Oh Se-hoon is expected to enter the race later. (AP)

  • The rise and contributions of the Indian diaspora

    The rise and contributions of the Indian diaspora

    The Indian diaspora is one of the largest and most diverse global communities, with an estimated 32 million people of Indian origin living across the world. From the shores of the Caribbean islands to the bustling cities of North America, Europe, the Middle East, Southeast Asia, and beyond, Indians have built thriving communities that are often key to the economic, social, and cultural fabric of their host nations. Over the past few centuries, the Indian diaspora has experienced remarkable growth, playing an influential role in shaping the world’s geopolitical landscape, global markets, and cultural exchanges. This article aims to explore the rise of the Indian diaspora, their historical journey, the factors contributing to their migration, and their diverse and substantial contributions to their host countries and to India itself.
    Historical Background of Indian Emigration
    Early Waves of Migration
    Indian migration has a rich history that spans centuries. The earliest recorded instances of Indian emigration occurred during the ancient and medieval periods, with Indians settling in Southeast Asia, Africa, and the Arabian Peninsula. Traders, scholars, and missionaries often traveled across the Indian Ocean, leaving behind traces of Indian culture and religion.
    During the British colonial period (18th–20th centuries), however, emigration from India significantly increased. The indentured labor system, implemented by the British after the abolition of the transatlantic slave trade, became the primary mechanism for the large-scale migration of Indians. Millions of Indians were transported to various colonies such as Mauritius, Fiji, the Caribbean islands, and South Africa to work on sugar plantations, railways, and in other industries. This wave of migration laid the foundation for the development of vibrant Indian communities in these regions, some of which still maintain strong cultural ties to their Indian roots.
    Post-Independence Migration
    After India’s independence in 1947, migration patterns began to shift. Many Indians sought better economic opportunities abroad, especially in Western countries such as the United States, the United Kingdom, Canada, and Australia. The 1960s and 1970s saw the rise of skilled Indian professionals, including doctors, engineers, and IT specialists, migrating to meet labor shortages in these nations. By the 1980s and 1990s, the expansion of India’s global footprint, coupled with economic liberalization, further accelerated the migration of professionals seeking better opportunities in growing economies.
    Factors Driving Indian Migration
    Economic Opportunities
    The most significant factor driving Indian migration has been the search for better economic prospects. As India’s population grew and its economic landscape evolved, many Indians faced limited opportunities for career advancement, education, and financial stability at home. Countries with burgeoning economies and labor shortages, such as the Gulf states, the United States, Canada, and the United Kingdom, offered higher wages, better living standards, and improved career prospects.
    In the post-1991 liberalized economy, India’s economic growth allowed many to take advantage of international opportunities. The rise of the Indian information technology (IT) sector also played a crucial role in facilitating the migration of highly skilled professionals to countries like the United States and Canada.
    Educational Pursuits
    The pursuit of education has also been a driving force for migration. Indian students have flocked to institutions abroad for higher education, particularly in fields like engineering, medicine, management, and the sciences. The United States, United Kingdom, Australia, and Canada remain top destinations for Indian students, who not only benefit from quality education but also gain exposure to international networks, knowledge, and skills.
    Political and Social Factors
    In some cases, migration was driven by political instability, persecution, or limited opportunities in India. For example, during the period of political turmoil in India during the 1970s and 1980s, large numbers of people sought refuge or better prospects abroad. In countries like Uganda, Fiji, and Kenya, political events (such as Idi Amin’s expulsion of Indians from Uganda) forced many to leave.
    Additionally, factors such as religious intolerance, caste-based discrimination, and economic inequalities led to waves of migration from certain regions within India to more developed countries, where better social mobility and opportunities were available.
    Indian Diaspora’s Contribution to Global Economies
    Economic Impact and Remittances
    One of the most important contributions of the Indian diaspora has been in the form of remittances. According to the World Bank, India has been the largest recipient of remittances globally, receiving over $87 billion in 2020 alone. Remittances sent by Indian expatriates to their families back home have been a vital source of income for millions, contributing significantly to poverty alleviation, education, healthcare, and overall economic growth.
    The economic footprint of the Indian diaspora extends beyond remittances. Indian entrepreneurs and professionals have made substantial investments in their host countries, contributing to the growth of industries ranging from technology to real estate, hospitality, and retail. The Indian diaspora has played a key role in the global technology boom, especially in sectors like software development, finance, and telecommunications.
    Business and Entrepreneurship
    Indians have been instrumental in the development of several industries worldwide. In countries like the United States, the United Kingdom, Canada, and Australia, Indian entrepreneurs have built successful businesses that employ thousands of people. In Silicon Valley, Indian-origin entrepreneurs have become some of the most prominent figures in the tech industry, with individuals like Sundar Pichai (CEO of Google), Satya Nadella (CEO of Microsoft), and Vinod Khosla (co-founder of Sun Microsystems) leading major global tech firms.
    In the United States, Indian immigrants have made their mark in the healthcare sector, particularly in the fields of medicine and biotechnology. Indian-origin doctors, researchers, and health professionals are highly respected for their expertise and have contributed to the development of cutting-edge medical technologies.
    Indian businesses have also flourished in the Gulf states, where large communities of Indians work in construction, retail, and hospitality. Moreover, successful Indian businesspeople, such as Lakshmi Mittal, who heads ArcelorMittal, the world’s largest steel producer, and Mukesh Ambani, the chairman of Reliance Industries, have become global symbols of entrepreneurship.
    Contributions to Culture and Society
    Cultural Diplomacy and Soft Power
    The Indian diaspora has been a powerful vehicle for the spread of Indian culture across the globe. Whether through Bollywood films, traditional dance forms like Bharatanatyam and Kathak, or global cuisine, the Indian diaspora has brought India’s rich cultural heritage to the forefront of global consciousness. Cultural festivals, such as Diwali and Holi, are celebrated by communities of Indian origin in many countries, fostering a greater understanding of Indian traditions and values.
    In countries like the United States, the United Kingdom, Canada, and Australia, the Indian diaspora has been at the center of intercultural dialogues, promoting diversity, tolerance, and understanding. The popularity of yoga and meditation in the West is also largely attributed to the Indian diaspora’s efforts in sharing these practices with the world.
    Philanthropy and Social Causes
    Indian diaspora communities have also made significant contributions to charitable causes and social development, both in their host countries and in India. Many members of the Indian diaspora have been involved in philanthropy, supporting causes such as education, healthcare, and disaster relief.
    The Indian diaspora has also been active in promoting educational initiatives, providing scholarships to students in need, and supporting schools and universities in India. The contributions of Indian-origin individuals to international organizations such as the United Nations and the World Health Organization further highlight the global impact of the Indian diaspora.
    Political Influence and Advocacy
    Engagement in Host Country Politics
    The Indian diaspora’s political engagement has grown significantly over the years. In countries like the United States, the United Kingdom, Canada, and Australia, Indian-origin individuals have been elected to high political offices, contributing to the political landscape of their respective nations. Notable figures include Kamala Harris, the Vice President of the United States, and Priti Patel, the Home Secretary of the United Kingdom, both of whom have Indian heritage.
    Indian-origin politicians have advocated for the interests of the diaspora, building bridges between their home country, India, and their adopted nations. In the United States, for example, Indian-Americans have emerged as a significant voting bloc, influencing political campaigns, policy decisions, and international relations.
    Strengthening India’s Global Presence
    The Indian diaspora has also played a crucial role in strengthening India’s global influence. By acting as a bridge between their host countries and India, the diaspora has contributed to enhancing India’s diplomatic, economic, and cultural ties with the world. Indian-origin politicians, business leaders, and community organizers have often acted as ambassadors for India, lobbying for greater trade and investment, fostering bilateral partnerships, and promoting India’s interests on the global stage.
    The Future of the Indian Diaspora
    As the world becomes increasingly interconnected, the role of the Indian diaspora is expected to grow even further. In the coming decades, the Indian diaspora will continue to be a critical factor in fostering India’s global standing. The rise of India as an economic powerhouse, along with its expanding influence in global politics, will provide new avenues for the diaspora to contribute to their home country’s growth.
    Moreover, as the Indian diaspora becomes more integrated into the societies in which they live, their contributions will likely become more visible and impactful. The focus will likely shift from simple remittances and labor to more complex forms of collaboration, such as joint ventures, innovation partnerships, and global research initiatives.

  • PM Modi’s Kuwait visit to open new chapter in bilateral ties: MEA

    PM Modi’s Kuwait visit to open new chapter in bilateral ties: MEA

    New Delhi (TIP)- Prime Minister Narendra Modi is set to visit Kuwait on a two-day tour starting Saturday, December 21, marking the first visit by an Indian Prime Minister to the Gulf nation in over four decades. Modi’s visit will help in opening a new chapter in the bilateral ties, the MEA said on Friday, adding that his visit would help develop a more dynamic partnership between the two countries.
    The visit aims to bolster a more dynamic partnership between the two nations, MEA said, adding, “We are looking at bolstering ties in several areas, including defence and trade.”
    Elaborating on details of the visit in a special briefing, Secretary (CPV & OIA) Arun Kumar Chatterjee said, “This marks the first visit by an Indian PM to Kuwait in 43 years…There are excellent political relations between the two countries.”
    Upon his arrival, PM Modi will be accorded a ceremonial Guard of Honour at the Bayan Palace. This will be followed by separate meetings with the Emir of Kuwait and the Crown Prince of Kuwait, Chatterjee said.
    Additionally, the Prime Minister will address the Indian diaspora at a community event and will also visit a labour camp, that hosts Indian expat workers.
    As a special guest of the Emir of Kuwait, PM Modi will also attend the opening ceremony of the 26th Arabian Gulf Cup. “There has been a major transformation in India’s ties with the Gulf region. The honourable PM has given special emphasis to strengthening and deepening relations with the Gulf countries,” Chatterjee added.
    India and Kuwait Relations
    The Indian community is the largest expatriate community in Kuwait.
    Kuwait is also among India’s top trading partners, with bilateral trade valued at $10.47 billion in the financial year 2023-24. It ranks as India’s sixth-largest supplier of crude oil, fulfilling 3 per cent of the nation’s energy needs. Indian exports to Kuwait reached USD 2 billion for the first time, while investments from the Kuwait Investment Authority in India have exceeded USD 10 billion. Kuwait’s Emir Sheikh Sabah Al Ahmed Al Jabar Al Sabah made a private visit to India in July 2017. The last high-level visit between the two nations was in 2013, when the Prime Minister of Kuwait travelled to India.
    Bilateral mechanisms
    India and Kuwait have institutionalised their cooperation through mechanisms such as the Joint Commission for Cooperation (JCC), which was established during the visit of the Kuwaiti foreign minister to India in December 2024, which is headed at the foreign minister level. Seven new Joint Working Groups (JWGs) have been established in the areas of trade, investment, education, technology, agriculture, security, and culture. These complement the three existing JWGs in hydrocarbons, health, and consular matters, bringing the total number of JWGs to 10 following the signing of the JCC. Six rounds of Foreign Office Consultations (FOCs) have been held, with the latest taking place in July 2024. Additionally, 26 agreements and memorandums of understanding (MoUs) have been signed under this framework.
    Economic relations
    Kuwait is among India’s top trading partners, with bilateral trade valued at USD 10.47 billion in FY 2023-24.
    Kuwait is India’s 6th largest crude supplier, meeting 3% of the country’s energy needs. Indian exports to Kuwait reached USD 2 billion for the first time, while investments by the Kuwait Investment Authority in India exceed USD 10 billion.

  • Senator Marco Rubio introduces U.S.-India Defense Cooperation Act

    Senator Marco Rubio introduces U.S.-India Defense Cooperation Act

    WASHINGTON, D.C. (TIP): U.S. Senator Marco Rubio on July 25 introduced a bill in the U.S. Senate which proposes to treat India on par with its allies like Japan, Israel, Korea and NATO allies regarding technology transfers and supporting India in its response to growing threats to its territorial integrity. It also proposes to bar Pakistan from receiving security assistance if it is found to have sponsored terrorism against India.

    “Communist China continues to aggressively expand its domain in the Indo-Pacific region, all while it seeks to impede the sovereignty and autonomy of our regional partners. It’s crucial for the U.S. to continue its support in countering these malicious tactics. India, along with other nations in the region, is not alone,” Mr. Rubio said after he introduced the U.S.-India Defense Cooperation Act in the Senate.

    The bill notes that the U.S.-India partnership is vital to countering China’s influence. It is essential to enhance our strategic diplomatic, economic, and military relationship with New Delhi, the bill asserts.

    Among other things, the bill would set a Statement of Policy that the U.S. will support India in its response to growing threats to its territorial integrity, provide necessary security assistance to India to deter adversaries and cooperate with India for defense, civil space, technology, medicine and economic investments.

    Given the short timeline of a bitterly divided Congress in an election year, the bill is unlikely to make much headway but it might be reintroduced in the next Congress, given that there is bipartisan support on the India-U.S. relationship. When passed into law, it would provide a limited exemption for India from CAATSA sanctions for purchases of Russian equipment that are currently used by the Indian military and expedite the process to sell defense articles, services, design and construction services, and major defense equipment to India.

    It proposes to treat India as if it were of the same status as the U.S. allies such as Japan, Israel, Korea, and NATO allies regarding technology transfers; authorize the Secretary of State to enter into a memorandum of understanding with India to increase military cooperation; expedite excess defense articles to India for two years and grant India the same status as other allies; and expand International Military Education and Training Cooperation with New Delhi.

    It requires a report to Congress on Pakistan’s use of offensive force, including through terrorism and proxy groups, against India; and bar Pakistan from receiving security assistance if it is found to have sponsored terrorism against India.

    This is the first time that such an India-centric bill has been introduced in the U.S. Congress — it proposes to put India at the same level as that of its treaty allies, exempt it from CAATSA sanctions, and impose sanctions on Pakistan for promoting terrorism in India.
    (Source: PTI)

  • Weekly Horoscope- September 25 to October 2023

    Weekly Horoscope- September 25 to October 2023

    Aries
    Ganesha says you’re fortunate this week, so you’ll do well in the appointments you’ll be having. Your agility will be useful in handling a monetary deficiency if you work in commerce. This week, you’ll ruin your relationship out of jealousy. Don’t toss behind what you currently possess but be honest with your hour companion about how you’re experiencing and what you’re not accomplishing in existence. This week, getting outside and spending some time in the fresh air will assist you unwind and discover solace.

    Taurus

    Ganesha says this week, individuals in your career will give you some good challenges. You need to focus on your regions of expertise this week. Don’t question the decisions you’ve already made. This week, you’ll feel tricked out of your partner’s commitment. Even though you can feel abandoned and left out, try to have an open mind and respect your partner’s situation. Feel encouraged to interact sans restraints. This week, you need to be really careful about what you eat. You could have an issue with gastritis. take good care.

    Gemini

    Ganesha says you’re going to squander a lot of income this week as a consequence of your hasty decisions. The seventh sector predicts gains from unanticipated resources that will contribute to a feeling of balance. Most likely, you’ll seize the chance presented by the universe working to your advantage. The individual you worry about will be astounded by you. A tiny delight in the afternoon will make your heart feel better if you’re married. It’s possible that you’re concerned about the surroundings. Try to step back from the circumstance and unwind.

    Cancer

    Ganesha says this week, you’ll have to do a bunch of preparation before you throw your trumps. You’ll most likely get the cooperation you want; just watch out that you don’t forfeit it on a little issue. Taking chances is fortunate this week. You and your partner will travel with one another this week. If you and your partner have similar goals, you’ll succeed. This week, you’ll evaluate the challenges in your way together, but communicating your ideas to your partner will be difficult. Migraine will make pondering more difficult this week. To prevent getting tired and annoyed, take a brief day off in between.

    Leo

    Ganesha says profits will fill your optimism this week. This week, you will profit from every transaction you enter into. Rather than setting protracted implementation depends on this week, live in the present and enjoy it. Although they may crave your company this week, your partner’s responsibilities to their career and home will keep them busy. Make an effort to inspire them with enthusiasm around what they are really eager to perform. This week, you’ll feel inclined to change your usual dietary behaviors. If you intend to keep a balanced desire, eat nutritious foods.

    Virgo

    Ganesha says establishing any commercial or economic obligations this week is highly advised. Your seventh quarter demonstrates a deficiency of power on Wednesday and Thursday. Be happy with what occurs easily this week. Your partner will do one more chore just to make you feel wonderful. Your partner will wow you by showing their affection in novel ways. At a certain moment, you’ll stop shoving folks away from you. Your fitness will make you feel a little bit lighter this week. You’ll be able to forever put a stop to your migraines.

    Libra

    Ganesha says, you need to concentrate on the investment you acquired a long period before this week. Additionally, a completely alternative income arrangement will be available to you. Ensure sure you’re familiar with the most recent fashions. Your partner will ask you to devote long-term later on this week. Invest more quality with your partner talking about how you think about the relationship. Avoiding speedy decisions about your romantic life might have tragic consequences. Your knowledge of your own condition has been beginning to decline. Do not repeat the identical error because you will lament it in the future.

    Scorpio

    Ganesha says your profits will increase this week, according to the tenth sector. Regardless of if they regret their choices, those who have recently made investments have moved in the correct direction. This week, your amorous dreams will spring fulfilled in every way. Your companion will be interested in hearing your account of events. Your meeting will make the week better. You’ll need to focus extra concentration this week on the young children living in your home. Ensure to have your regular appointment if you’re anticipating a child.

    Sagittarius

    Ganesha says your luck will come your way this week if you donate to charity. You’ll be requested to offer assistance this week on a lengthy job. Addressing constitutional problems in corporations will benefit people. All of your collaborators’, business associates’ and your own misconceptions will be dispelled this week. This week, someone will become involved in your connection to help you grow nearer to your partner. Be appreciative to the person. Your health will need some care this week. Your ingestion of sodium and carbohydrates will be out of proportion, which will cause your pulse rate to be out of equilibrium. Make sure you take care of yourself.

    Capricorn

    Ganesha says this week is a great one to organize a business event. In the big scheme of things, capital organization will produce gains. This week, you’ll approach out to people using your new market campaigns, and you’ll nearly surely get a favorable response. Be free to reveal yourself right now. Jupiter is in an advantageous situation, so you should benefit from it. Husbands and wives are travelling this week to break up the routine of their daily life. The senior and older adults in your household will require more care this week. Your fitness, however, will be alright. Be sure to safeguard yourself.

    Aquarius

    Ganesha says you will definitely carve out availability for the right opportunity this week. You could think of completely switching careers, but this is a dangerous course of action. It will prove too challenging for you to comprehend if you don’t go gently and undertake significant modifications. You must stop waiting for your unrequited love to approach you. You must be straightforward in articulating what is on your mind, allowing the phrase to argue on its own. The only way to reach their emotions is to be genuine. You’ll have a typical workweek this week. This week won’t have any highs and lows, and neither will it have any boring periods.

    Pisces

    Ganesha says think about your company right now and what changes you may make to strengthen your stance and set yourself apart from the competitors. Your employees will appreciate you for providing a decent company. This week, circumstances involving you and your companion will still get a bit more challenging. Keep a modest character and attend to their issues first. Because they will sense supportive feelings, letting them talk can improve your relationship. This week, you’ll begin a new routine. You’ll also ask a friend or someone from your household for guidance on your routine.

  • India, Japan are natural partners’: Jaishankar at event with Hayashi

    India, Japan are natural partners’: Jaishankar at event with Hayashi

    New Delhi (TIP)- Japan’s foreign minister Yoshimasa Hayashi on Friday, July 28, held up India as an “indispensable” partner for achieving a free and open Indo-Pacific, while his Indian counterpart S Jaishankar said the two sides are “natural partners” for taking on challenges in areas ranging from the economy to emerging technologies. The two ministers were speaking at the second India-Japan Forum organised by the external affairs ministry. India was the first stop on Hayashi’s three-nation tour, which will also take him to Sri Lanka and the Maldives. During talks on Thursday, Jaishankar and Hayashi discussed ways to step up Japanese investments in India and deepen defence cooperation.
    Building on the “Free and Open Indo-Pacific (FOIP)” vision unveiled by Japanese Prime Minister Fumio Kishida during a visit to New Delhi in March this year, Hayashi said Japan intends to deepen cooperation with India in all areas. Japan and India are also working closely together under their presidencies of the G7 and the G20 respectively, he said.
    Pointing to Kishida announcing the new FOIP plan in New Delhi, he said: “This fact itself is a reflection of the critical importance Japan places on India, as your nation is an indispensable partner in achieving FOIP.”
    Hayashi added: “At a time when there are many pressing challenges, including Russia’s aggression against Ukraine, Japan and India fully share the necessity to lead the world to cooperation, rather than to division and confrontation.”
    Lauding the Indian G20 presidency’s focus on the Global South, Hayashi said the call to uphold a rules-based international order may sound like a slogan if there isn’t an adequate commitment to address challenges facing developing countries. At the same time, he noted that food security has deteriorated because of Russia’s aggression against Ukraine.
    Hayashi said India and Japan have made progress in new initiatives in areas such as cyber and space, while discussions are underway for “substantial cooperation” in defence equipment and technology.
    In his speech, Jaishankar highlighted key challenges confronting the world, including artificial intelligence, building reliable supply chains, ensuring trust and transparency in the digital domain, and upholding democratic values.
    Jaishankar said India and Japan are natural partners for jointly addressing these challenges. “I would say today whether it is the future of the international order, strategy, economics, technology, culture or indeed whether it’s history or geography, I think India and Japan have a lot going for each other,” he said.
    Hayashi also spoke about Japan’s plans to revise its “Development Cooperation Charter”, the basic document for development cooperation. “Under this revised charter, we will continue to undertake efforts to build quality infrastructure in India, including high-speed rail and urban transportation,” he said.
    When a Japanese reporter pointed out that a bilateral partnership is tested by a war or a crisis and asked how the two sides would collaborate in case of a war in the Taiwan Strait or a conflict on the India-China border, Jaishankar replied: “I fundamentally disagree with your question because I think it is actually peacetime cooperation which is when you are tested, because if you don’t work every day to build a relationship and to put in place capabilities, comfort and structures, then when something more severe comes – if I can’t handle a good day, how will I handle a difficult day.” Source: HT

  • 50% financial aid to firms for semiconductor units, says PM Modi

    50% financial aid to firms for semiconductor units, says PM Modi

    GANDHINAGAR (TIP)- Tech firms will be given 50 percent financial assistance for setting up semiconductor manufacturing facilities in the country, Prime Minister Narendra Modi said on Friday, July 28, as he announced that his Government has rolled out red carpet for semiconductor industries. Speaking after inaugurating the Semicon India 2023 conference in Gandhinagar, Modi said every industrial revolution that the world has witnessed was driven by the aspirations of people at different times. The PM said he believes that the fourth industrial revolution being witnessed now is driven by India’s aspirations. Modi said India is establishing an entire ecosystem for the semiconductor industry to grow in the country. “We were offering incentives as part of the Semicon India programme. It has been increased, and now technology firms will get 50 per cent financial assistance to set up semiconductor manufacturing facilities (in India),” Modi said.
    The semiconductor industry will witness exponential growth in India, Modi said. “A year ago, people used to ask why they should invest in the Indian semiconductor sector. Now they ask why not invest in India,” he added. India is becoming a grand conductor for investments in the semiconductor sector, Modi said. The world needs a trusted and reliable chip supply chain, he said. Modi said 300 colleges in India have been identified for starting courses on semiconductor design. “Today the world is becoming witness to Industry 4.0. Whenever the world has passed through any such industrial revolution, its base has been the aspirations of the people of a particular region. The same relation was seen between the first industrial revolution and the American dream,” he said.

  • Joe Biden to urge 25% billionaire tax, levies on rich investors

    Joe Biden to urge 25% billionaire tax, levies on rich investors

    President Joe Biden is proposing a series of new tax increases on billionaires, rich investors and corporations in his latest proposal for how Congress should prioritize taxes and spending.
    Biden’s budget request to Congress, which is slated to be released Thursday, calls for a 25% minimum tax on billionaires, according to a White House official familiar with the proposal who declined to be named because the plan is not yet public. The plan would also nearly double the capital gains tax rate for investment to 39.6% from 20% and raise income levies on corporations and wealthy Americans.
    The proposal, which is largely a reprise of Biden’s multi-trillion dollar Build Back Better economic package, has little chance of passing Congress, particularly now that Republicans control the House of Representatives. Biden was unable to pass similar tax increases when Democrats enjoyed control of both chambers of Congress, instead settling for slimmed down legislation focusing on energy and health policy known as the Inflation Redution Act.
    But the White House’s proposal foreshadows both Democrats’ strategy ahead of high-stakes negotiations over the debt ceiling and government spending later this year, as well as the economic platform underpinning an expected Biden reelection campaign. Administration officials argue that the proposals show a commitment to cutting the deficit — projecting that Biden’s budget would slash $3 trillion largely through increased revenues over the next decade — and represent a politically popular return to tax levels in place before former President Donald Trump’s tax reform legislation. Taxes on the wealthy and large corporations have been a rallying cry for progressives for years and polls repeatedly show they are favored by a majority of Americans.
    House Speaker Kevin McCarthy immediately dismissed Biden’s plans to increase levies, telling reporters Wednesday “I do not believe raising taxes is the answer.”
    The Biden proposal would require that the richest 0.01% of Americans pay at least a 25% tax rate. It would also increase the top tax rate for Americans making $400,000 to 39.6% from 37%, reversing one of Trump’s tax cuts — though tax rates for those making below that amount would remain untouched. It additionally calls for investors making at least $1 million to pay that 39.6% on their long-term investments, which are currently taxed at a 20% rate. The proposal would increase the corporate tax rate to 28% from 21%, undoing another signature Trump tax change. It would also eliminate a loophole that business owners and higher-earners can exploit to avoid paying levies for the Medicare Hospital Insurance Trust Fund on more of their income. White House officials so far have not indicated that Biden’s budget includes new Social Security payroll taxes on wages above $400,000, which some Democrats have proposed to shore up the program.
    Biden is also calling for an end to valuable industry-specific tax breaks for private equity fund managers, oil companies, as well as investors in crypto and real estate, in his upcoming budget proposal, according to a summary of the plan. Eliminating these would upend the economics of many real estate and investment-fund deals — forcing Wall Street to reinvent the way that many transactions have been done for decades — if they were to become law. Source: Bloomberg

  • Europe’s wars inseparable from profiteering

    Europe’s wars inseparable from profiteering

    As the demand for guns surges, profit too skyrockets with the sale of every weapon or machine. Thus, the enterprise of military hardware production and sale becomes too tempting and lucrative to be eschewed, as after a long gap a ‘real’ war has come to European soil, where big-buck investments and astronomical profits are being made. Shortage of food facilitates profiteering too.

    “The prolonged Russia-Ukraine war lays bare the stark reality that even an immoral war is good for the moral and ethical health of the West because through wreckage, blood, sweat and tears of widows, destitute and orphans emerge countless opportunities for wealth creation and open plunder by merchants and middlemen. Shortage of food facilitates profiteering too, the way it happened in the 1943 Great Bengal famine, killing 3 million people amid the World War II inflicted by Europe on the world.”

    By Abhijit Bhattacharyya

    On  the eve of the Russian invasion of Ukraine in February last year, UK Defense Secretary Ben Wallace had exclaimed, “The Scots Guards kicked the backside of Tsar Nicholas I in the 1853 Crimea War and we can always do it again,” comparing the 21st-century Russia-Ukraine conflict with the 19th-century war. The Tsar had been pitted against the combined might of England, France and the Ottoman Empire. The Russian defeat of yore and the lack of an international ally were sarcastically invoked to draw a parallel and warn Moscow to watch out for history repeating itself.

    What the British Defense Secretary said was neither unsurprising nor unique. War has always had a macabre fascination for Europe. The gory combats and their inglorious consequences have been used to portray the grandeur of the warring West. Most of Europe’s eminent and enlightened scholars, intellectuals and philosophers have been fascinated with, and have spoken eloquently on, the importance of power, war and violence.

    Machiavelli pointedly stated, “All armed prophets have conquered and unarmed ones failed.” To him, war, power and hypocrisy are connected. For Thomas Hobbes, conflict emerges from the impulse of self-preservation, thereby making life a “war of all against all” and resulting in it being “solitary, poor, nasty, brutish and short”. The views of Jean-Jacques Rousseau on the power of the state influenced global politics. His ‘Discourse on Inequality’, according to Voltaire, was “against the human race”. Georg Wilhelm Friedrich Hegel unabashedly admired Napoleonic wars and thought that it was a good thing to have wars from time to time. In all these expressions of the European mindset, one thing is clear. There is an element of axiomatic intellectual honesty about justifying, propounding or defending political dishonesty which appears preferable to the hypocrisy of depicting political polemics as an honest and noble enterprise. In this context, the prolonged Russia-Ukraine war lays bare the stark reality that even an immoral war is good for the moral and ethical health of the West because through wreckage, blood, sweat and tears of widows, destitute and orphans emerge countless opportunities for wealth creation and open plunder by merchants and middlemen. Shortage of food facilitates profiteering too, the way it happened in the 1943 Great Bengal famine, killing 3 million people amid the World War II inflicted by Europe on the world.

    As the demand for guns surges, profit too skyrockets with the sale of every weapon or machine. Thus, the enterprise of military hardware production and sale becomes too tempting and lucrative to be eschewed, as after a long gap a ‘real’ war has come to European soil, where big-buck investments and astronomical profits are being made.

    Further, if the war is between powerful belligerents, soaring profit is guaranteed because both possess the wherewithal to sustain a protracted conflict. In contrast, smaller wars in Third World countries reduce profitability as they are less destructive. Thus, the end of the 20-year-old Afghan war in August 2021 inflicted huge losses on arms and ammunition manufacturers. Undoubtedly, Russia is in the wrong. And the criticism thereof is justified. Nevertheless, Russian wrongs also raise a question. Why is Moscow pursuing this seemingly irreversible, hostile path? Although one-third of the answer was given by the British Defense Secretary with his comment on the 1853 Crimea War, it nevertheless leaves two-thirds unanswered, which lies in what happened in the 1810s and the 1940s.

    Russia saved the entire West from being annihilated by two European scourges of mankind (Napoleon and Hitler) in successive centuries. Indeed, it crushed the bloodthirsty Napoleon’s ‘Grand Armee’ in the battles of Borodino (September 1812) and Leipzig (October 1813) much before the Duke of Wellington’s victory over a weakened French army at Waterloo in June 1815. From the Napoleonic wars to the two World Wars and from the Balkanization of the 1990s to the present Ukraine war — all constitute intra-Europe conflicts, like ceaseless continental civil wars. And yet, the non-European world was inexorably dragged into these internecine disputes, thereby giving Europe pole position in world affairs.

    So, what’s next for the Russia-Ukraine war? Is a solution possible? Or will it again drag the entire Europe and the rest of the world into another Armageddon? Just hear the Europeans themselves on the “war within”, because “Europe is united” and yet “Europe is not united”. Europe is distressed because war fatigue and economic downturn have already gripped virtually every nook and corner of it. Hence, Deutsch Bank warns of the peril in borrowing from US banks and former German Chancellor Angela Merkel admits that the Cold War never ended. French President Emmanuel Macron is being berated for repeatedly calling for considering Russia’s legitimate security guarantee owing to NATO expansion in Russia’s neighborhood.

     

    The French certainly know best, owing to the post-World War I Versailles Treaty’s monumental folly of humiliating the defeated Germany, thereby sowing the seeds of World War II. Criticism of the US came from top EU diplomat Josep Borrell: “Americans, our friend, take decisions which have economic impact on us.” The EU has also accused Washington of profiting/profiteering from the Ukraine war. A more serious matter, however, is the growing intra-Europe conflict between Serbia and Kosovo. Serbia (former Yugoslavia) was attacked by the NATO and broken into seven pieces in the 1990s. Hence, Serbia, like Russia, is smarting and eyeing revenge.

    Indeed, there’s a real possibility of two simultaneous Balkan wars as the region is the ‘tinderbox’ of Europe where issues related to ethnic minorities have repeatedly triggered conflicts. Altogether, the possibility of the Russia-Ukraine conflict raising the stakes higher will only smoothen matters further for the profiteering brigade to make mega bucks from the sale of military merchandise.

    ( Abhijit Bhattacharya is an author and columnist)

  • Birthday Horoscope – October 17 to October 23, 2022

    Birthday Horoscope – October 17 to October 23, 2022

    October 17

    Ganesha says your expenses will increase today, making it harder for you to save. Investments done during this time will eventually yield good returns, if not right away. Academic excellence and participation in extracurricular activities will be acknowledged for students. Although sluggish work progress and arguments over little matters may anger you and even affect your health, towards the end of the year, you will be happy and content with your accomplishments. Despite your irregular behaviour, your spouse continues to be cooperative.

    October 18

    Ganesha says financial gains today will come from a variety of sources, but the uncertainty surrounding your relationship is likely to leave one blemish on your record of success and accomplishments. Socializing, gatherings, and enjoyable outings will all be frequent and enjoyable. For those who are eligible, wedding bells will ring, and others will discover romance to keep them going. Don’t put more faith in others than necessary. Planning and managing your time will be crucial.

    October 19

    Ganesha says a promotion or an increase in responsibilities this time will give you cause to rejoice. Your profile will gain some sophistication with new initiatives. At home, there will be a healthier, more loving atmosphere that will promote prosperity and excellent health. Professionals that are interested in working overseas will be well received. Housewives will have to deal with frequent visits from family and friends. It is possible to go on a spiritual journey to a far-off location.

    October 20

    Ganesha says you shouldn’t give out too much of your time and money this year. Make the most of the chances that present themselves to raise your income and standard of living. You’ll have a lot of confidence and motivation, and you’ll probably get a lot of favours during this time. Participating in cultural events will be entertaining and educational. The new collaboration will be profitable, and the investment will pay off. Your standing in the social group will improve.

    October 21

    Ganesha says through the new contacts you make this year, you’ll have the chance to raise your level of living. Your professional advancement needs to be your main focus because it will produce the required results. The health of your parents will be a concern, but your spouse and kids will be supportive. If you go out and join clubs and social activities, you’ll be quite successful socially. Some of you have a far pilgrimage on the horizon.

    October 22

    Ganesha says people at work constantly offer you significant responsibility because they trust you. Unresolved issues will be resolved. You will receive awards and acknowledgment for entering this new stage of your life. The health of your parents will be a concern, but your spouse and kids will be supportive. Additionally, your financial situation will improve, and you’ll feel safer and content in all you do. marriage connections for a select few lovers. Religious practises and pilgrimages will provide tranquilly.

    October 23

    Ganesha says gains in your career are almost assured but rising costs will worry you. There will be instances when your accomplishments surpass your expectations, but for the most part, you will have to work really hard to get the bare minimum of outcomes. The relationship you share with your spouse will be friendly and even-handed, but you must restrain yourself from being overly stubborn because this could lead to uncomfortable situations at home.

  • Weekly Horoscope- April 25 to  May 1, 2022

    Weekly Horoscope- April 25 to  May 1, 2022

    Shree Ganeshaya Namah!!!

    By Chirag Bejan Daruwalla

    Aries

    Ganesha says, this week, you’ll provide a helping hand. You will have a significant impact on someone’s career. They’ll most likely be a friend or partner of yours. This week, you’ll enhance your cooperation on both a corporate and interpersonal level. Because of Rahu’s location, you will allow your words to flow more than they should. This week, try to keep your emotions under control. This week, you will not be able to make things smooth with your partner in terms of relationship, give it some time and things will be fine. Stomach troubles will bother you this week. You will need to revise your diet this week.

    Taurus

    Dear Taurus, you will now delineate your project timeline for each day starting this week. Your greater dedication to your time and labor will undoubtedly bear fruit shortly. You will be less concerned with your personal concerns, which will help you stay focused. Due to a variety of causes, there will be some imbalance between personal and social development in the second part of the week. your partner and you will be in a good mental space this week. This week you will see recovery in your long-time health issues. From this week make sure you take proper care of your health.

    Gemini

    You’ll have to conceal many boundaries this week. You’ll also have to keep the information you’ll get this week under wraps. You’ll be asked for suggestions and expected to be empathetic. In short, your general demeanor will turn someone’s day around for the better. What you do this week will undoubtedly come back to haunt you. This week, you’ll need to be extremely powerful in specific areas. Your partner and you will go through minor setbacks in the latter half of the week. Consumption of oily and heavy food will bother your digestive system this week therefore be careful about eating.

    Cancer

    This week, you’ll learn how to use your foreknowledge to counteract the material world. You’ll be able to see the genuine challenges that lie behind your slick ideas. You do not need to be concerned since all of your good intentions will be rewarded this week. This week, your intentions will clash with those of someone else who is equally ardent and power-hungry as you. Your relationship will be all well and good this week. Avoid unnecessary opinions over your marriage. Minor back pain will bother you this week. Make sure you visit your doctor this week if it gets serious.

    Leo

    You’ve been on the backhand side for quite some time. This week, it’s your turn to play in the lead. You will be admired by both your household and professional fronts. Students with shortfalls will be able to clear them out this week, giving them a fresh feeling of relief. This week, the chances you take will bring you into trouble. Make sure you’re taking calculated risks. If you have been looking out for love, this week will bring you someone really compatible.You will feel fresh and alright this week hence, you do not need to worry about your health this week.

    Virgo

    Dear Virgo, you have been developing good habits for a long. Avoiding harmful habits will let you realize how much money you have saved to date. Also, being frugal with your spending can help you make money this week. Even if your intentions are apparent to help someone in need, you will be strangled in a humiliating circumstance. Your partner or spouse will be appreciative of your efforts this week. Stability of mind will guide you a lot this week. You will be able to maintain this by meditating.

    Libra

    This week, anything choreographed and guided will be overshadowed by your innocence. You will get the opportunity to spend quality time with your loved ones. From this week on, everything will go in the right direction. When it comes to relationships, you are a person with a pure heart who lacks tact. This will be an issue for you this week, but stay on the side of your pure heart. Your relationship will be blessed by Lord Venus in the latter half of the week, leading to good bonding. You will have to push yourself to stay active this week. Make sure you drink enough water this week.

    Scorpio

    This week, the stars are expecting more from you. This week, you’ll need to spread happiness around you in order to open the floodgates of good fortune for yourself.  Financial fronts will also improve this week. Making investments within this week will certainly bring good results.This week, you’ll notice a significant improvement in your relationship also. Your partner will make you feel all new in love. A feeling of health and wellbeing will mark your attitude this week.

    Sagittarius

    Your excitement and optimism will open new doors for you this week. You’ll focus on items that will provide long-term value in the near future. This week’s religious events will pique your attention. Your relationship will not go through any issues this week. you will have to be more conscious regarding discussing certain things with your partner this week. You will have to take preventives for allergies beforehand this week. Make sure you keep your immunity boosted.

    Capricorn

    Dear Capricorn natives, your amazement and forceful character will be in the spotlight this week. People will want to learn from you, even if they don’t like you. This week, it will be advantageous for you to listen to the advice of your well-wishers. This week, you will leap with both paws into something without considering the consequences. Before putting both feet into anything, double-check the depth. You and your partner will be considering learning new things about each other. You both will enjoy being with each other this week. This week, you will have to take good care of your family members. Avoid ignoring your health own too.

    Aquarius

    This week is a very good week for networking opportunities and agreements. You will be able to reclaim your life’s equilibrium. This week, you’ll gain an extraordinary amount of self-assurance. As conflicts occur on business fronts, you will be motivated by emotions. To avoid this, keep things in check this week. Your partner and you both will have a lot of things this week.This week, a little bit of hypertension will bother you this week. Good physical exercise will help you stay energized yet calm this week.

    Pisces

    This week, you will outperform your own aspirations. This week, you’ll strike a lucrative joint venture contract. You’ll also dedicate a substantial period of time to your academic pursuit this week. This will assist you in reconnecting with your artistic side, which you may have forgotten about. When problems occurred, craftsmanship always made you feel vibrant. Your relationship will not go through any major issues this week. just make sure you take proper care of your partner’s point of view over things. In terms of your health, the remedies you carried on for so long will show their effects this week

  • Crypto tax doesn’t bestow legality to trade, says I-T Dept

    New delhi (TIP)-The Budget announcement of taxing ‘virtual digital assets’ or crypto currencies will help the Income-Tax Department measure the “depth” of this trade in the country, know the investors and the nature of their investments and it does not “attach any legality” to these transactions, CBDT Chairman JB Mohapatra said.

    The head of the I-T department establishment in the country said this is “the right time” for the taxman to enter this arena, about which, Finance Minister Nirmala Sitharaman has said the government was undertaking a stakeholders’ consultation to frame a national policy and regulator in the coming days.

    Stating that there has been a “phenomenal increase” in transactions in virtual digital assets, Finance Minister announced in the Budget that any income from transfer of any virtual digital asset shall be taxed at the rate of 30% along with tax deduction at source.

  • Weekly Horoscope- December 13 to Dec 19, 2021

    Shree Ganeshaya Namah!!!

    By Astro Friend Chirag – Son of Astrologer Bejan Daruwalla

    Aries : Ganesha says this week is going to be fascinating. Everything will happen at its natural rate, and you will conquer any obstacles that arise. The Moon’s influence of gravity is trying to sway you away from your goal, but you must remain firm. There’s a risk you and one of your workers will have a business conflict. Your strong base may no longer be as strong as it once was, and your supervisors may decide against promoting anybody. Performing long periods and maintaining a calm temperament, on the other hand, will benefit you. Share market and IPOs will generate revenue this week. Your romantic life will be good this week. the first half of the week will be more fortunate for the people who are looking out for love. The health of your loved ones and you will be well maintained and there is nothing to worry about.

    Taurus : Your profits will increase significantly this week. you will have to be more concerned about your investments in the share market this week. you will have to make significant changes in your schedule in the second half of the week. this week will help you in your love endeavors. Make arrangements for Friday with your companion. Appreciate a day out from the workplace with your significant other; it will undoubtedly boost your relationship. This is not going to be a good week for you. There will undoubtedly be some highs and lows, as well as some minor losses and wastage. Whatever the case may be, the conclusion of the week will offer you joy. Aside from that, you should be in great shape this week.

    Gemini : There’s a strong chance you’ll run into some old and long-lost pals, which will make you very pleased. You’re existing and potential relationships will be significantly strengthened. This week, you’ll have to put in extra effort on all of your assignments. That may appear unsettling at first, but the end result will be well good enough to justify it. This will occur as a consequence of astronomical changes this week, which will have a significant impact on your academic performance. Your firm will not grow or progress considerably this week, but those who wish to start a modest business will have a nice beginning. Your love life will flourish this week. you will earn good personal time away from your work in the weekend. Your health will need attention this week.

    Cancer : Your work fronts will be all okay this week. you will get a chance to make money from various other sources. You will have to be very vigilant of the loopholes in your planning this week. Wednesday and Friday will be lucky for you to earn good profits if you are into the business of sales. This week, you’ll be ready to achieve so much in your relationship aspects. In terms of your relationship, you’ll have to be particularly careful about a few issues. Jupiter will travel through your sign this week. In the second half of the week, you will be able to make marriage obligations. In regards to fitness, you’ll be OK this week.

    Leo : This week, keep a strong grip on your horses. You can be doing great this week, but you could also fall into a trap. This week, every decision you make will be crucial, and each one will have a long-term impact. If something goes wrong, it will have a negative impact on your company, and you will be obliged to cope with major repercussions. Aside from that, you may anticipate a quiet and routine week. Having extra contact with old colleagues might result in the uncovering of a variety of new ideas. Tuesday and Friday are critical days in your week since your actions on those weekdays will determine your career.Your week will be filled with love on romantic fronts but it is not fortunate enough to plan out engagements and marriages. Your health will be all fit and fine throughout the week. avoid a heavy workout.

    Virgo : This week will be exciting in terms of romance. There will be benefits and drawbacks to your relationship, but you’ll check it up over time. On the bright side, the couples will have a fantastic week. It’s conceivable that your folks have been helping you for a lot longer and are anticipating a reward this week. your professional fronts will demand energy. You will have to be more specific about what matters you give more priority. If you are in the field of real estate, make sure you do not invest haphazardly. You might have to go through some issues related to licensing of your new business, therefore, make sure you are guided by the right person. Students will find themselves in the dilemma of joining new courses but advice from good friends will help.

    Libra : Dear Libra natives, you’ll be posed and austere. You will be glad and pleased as a result of the moonlight. This week is shaping up to be a fun. The only danger is that some bad repercussions may occur, resulting in a slew of issues, not only in regards of your wellness but also in regards of your financial status. Each day, worship to Lord Krishna for relief from this condition, and he will shield you from all negative energy. Apart from that, any judgments you make between Thursday and Friday should be taken with utmost caution, as they may backfire and have disastrous effects. This week will be excellent for you if you indulge oneself. Your romantic life will be bothered a little bit you will get back to normal with your partner as Venus will bless you soon. Your health needs some attention this week. if you are diabetic, make sure you look after your diet.

    Scorpio : Your week will bring you amazing things. You will be entering a new partnership this week if you are doing business. You will have to be careful regarding your involvement in any activity which is not legal. Try to control your temper in the second half of the week or you might hurt few good relationships at your office.This week, it’s better if you ease up on your adoration. It’s not a good week to formulate a strategy, and it’s certainly not a good week to be a parent. This week, couples will face disagreements, but they will be resolved with time. This week, your body will be in horrible condition. You’ll be facing a lot of hard stress this week, and you may assist yourself by doing mindfulness and meditation every day.

    Sagittarius : This could be a good week for you. This week, fortune may be on your edge. Generally speaking, this week may introduce you to monetary benefit that you wished. Bullying and confrontation should be avoided by practitioners. This week, you may receive cash assistance from a business manager, or your company partner’s proposal is likely to succeed. Pupils are more likely to do well in their exams. Their parents and instructors may notice their diligent effort. This week, your odds of winning in schooling are really good. In regards of your personal connection, you might astonish your partner by planning a trip together. You must make a visit to your Ganesha temple if your wedding plans fall within this week. Your health will be OK, and nothing will bother you, but this week, make sure you take care of your eyesight.

    Capricorn : Work and job-related traveling are likely to keep you occupied this week. You may be given some excellent possibilities, but you must also be prepared to confront some difficulties. This week, you must prioritize your healthcare. It’s best to resist getting into a fight with a business associate. There might be an invisible anxiety of the workplace or employment. Chance to visit a foreign country is possible. Make no hasty decisions about quitting your career. In the family company, there may be some dissension. You should focus on your matrimonial partnership this week. When dealing with your mate, be kind and modest. Acknowledge your partner for being in your world; this will help to enhance your bond. This week, your romantic life might take a surprising direction.

    Aquarius :  This week is going to be very crucial for you on all the frontiers as many good things will take turns. On the work front, you’ll be able to build a fresh relationship with your associates this week. Your eighth house forecasts some volatility in the workplace, but everything will calm off by the end of the week. Whatever you undertake this week in regards to your professional endeavors will be successful. Be on the alert for deceptive discounts this week. Productivity will be significantly improved. In regards of romance and relationships, this week is likely to be favorable to you. Your romantic life may be strengthened if you communicate and spend meaningful contact with your companion. With the correct knowledge, marriage may go well. You may have an unexpected monetary outlay on healthcare this week, so take attention of yourself and attempt to engage in wellbeing items that will benefit you in the ahead.

    Pisces :  This week, you’ll be grateful for everything. You’ll have a hard time finding time for yourself this week. You’re likely to earn profits this week. You’ll be overjoyed since you’ll be able to see beyond toxic substances. Your friendly demeanor will most likely assist you in making fresh acquaintances. Your warm and compassionate behavior may give them the impression that you are a strong supporter. It might be beneficial to you.  Your inventive spirit might assist you keep up the heat and add additional excitement to your life at work and in personal relations.This week, you may make progress in your romantic life, and the rest of the week will be good. You should be in good shape this week, other from that. Your wellness will also be steady and flawless this week. However, be extremely careful on Tuesday and Friday. Apart from that, you can expect a decent time this week.

  • The bipartisan infrastructure bill is finally on its way to President Biden’s desk

    The bipartisan infrastructure bill is finally on its way to President Biden’s desk

    House Approves $1.2 trillion infrastructure bill in the bipartisan 228-206 vote

    I.S. Saluja

    WASHINGTON, D.C. (TIP): After months of intense debate between Democrats’ warring factions, House Speaker Nancy Pelosi (D-Calif.) on Friday, November 5, secured passage of an approximately $1.2 trillion infrastructure bill to upgrade the nation’s roads, bridges, pipes, ports, broadband, and other public works. The bipartisan 228-206 vote marked the final milestone for the first of two pieces in the president’s sprawling economic agenda. The outcome sends to Biden’s desk a sprawling initiative that promises to deliver its benefits to all 50 states, a manifestation of the president’s 2020 campaign pledge to rejuvenate the economy in the aftermath of the coronavirus and “build back better.” The infrastructure proposal, nearly half of which constitutes new spending, marks one of the most significant investments in the country’s infrastructure since Congress responded to the Great Recession. It seeds new funding in the hopes of delivering urgently needed fixes to the country’s outdated inner-workings while setting the U.S. on track to tackle more intractable future challenges, including the fast-worsening climate crisis. The bill includes more than $110 billion to replace and repair roads, bridges and highways, and $66 billion to boost rail, making it the most substantial such investment in the country’s passenger and commercial network since the creation of Amtrak about half a century ago. Lawmakers provided $55 billion to improve the nation’s water supply and replace lead pipes, $60 billion to modernize the power grid and billions in additional sums to expand speedy Internet access nationwide.

    Many of the investments aim to promote green energy and combat some of the country’s worst sources of pollution. At Biden’s behest, for example, lawmakers approved $7.5 billion to build out a national network of vehicle charging stations. Reflecting the deadly, costly consequences of global warming, the package also allocates another roughly $50 billion to respond to emergencies including droughts, wildfires and major storms.

    The bill now heads to the White House for Biden’s signature more than two months after Senate lawmakers approved it on a rare and overwhelming 69-30 bipartisan vote. Its success reflected Biden’s considerable toils alongside Democrats and Republicans — including Sens. Kyrsten Sinema (D-Ariz.) and Rob Portman (R-Ohio), two of its lead negotiators. In the end, though, it was the Democratic Party’s unexpected struggles in two key elections Tuesday that provided the most resonant catalyst for action. A loss in Virginia’s gubernatorial race, and a tighter-than-expected victory in the fight for the governor’s mansion in New Jersey, left Democrats reeling and ready to forge ahead on their long-stalled priorities.

    Taking to the House floor, some Democrats even appeared to acknowledge that their rare and narrow majority remains at risk unless they can deliver on their wider array of campaign promises before the 2022 midterms. “This legislation will mean that our majority will have delivered a major victory for the American people in a bipartisan way,” House Majority Leader Steny H. Hoyer (D-Md.) said in a speech.

    House lawmakers had hoped to adopt the infrastructure bill sooner. But it quickly became a critical bargaining chip in a broader battle between liberal and moderate Democrats over the scope of Biden’s spending vision and the future of the party itself. By holding up infrastructure, liberals hoped to force moderates including Sinema to accept more spending than they otherwise might have as part of a second, still-forming package that aims to overhaul the country’s health care, education, immigration, climate and tax laws.

    On one hand, the strategy appeared to work: After months of public sparring, Biden helped marshal a compromise that Democrats later turned into a $2 trillion tax-and-spending plan. That opened the door for House Speaker Nancy Pelosi (D-Calif.) to try to bring both to the floor on Friday — though the process that proved more politically treacherous than first anticipated.

    The Senate approved the measure on a bipartisan basis in early August, but the legislation then languished in the House as liberal lawmakers refused to back the measure without assurances that Biden’s broader social spending package would be approved.

    The infrastructure package contains $550 billion in entirely new investments, including money for electric-car charging stations and zero-emission school buses. The spending is mostly paid for — without raising taxes. The bulk of the funding comes from repurposing unspent coronavirus relief money and tightening enforcement on reporting gains from cryptocurrency investments. The bill would add about $256 billion to the debt, according to the Congressional Budget Office.

    This is how the money will be spent.

    $550 billion in new investments

    Almost half of the $1.2 trillion package is going toward new investments in transportation, utilities and pollution remediation.

    TRANSPORTATION: $284 billion

    1. Roads & Bridges: $110 billion
    2. Railroads: $66 billion
    3. Public Transit: $39 billion
    4. Airports: 25 billion
    5. Ports: 17 billion
    6. Electric Vehicles: $15 billion
    7. Road Safety: $11 billion
    8. Reconnecting communities: $1 billion

    UTILITIES: $240 billion

    1. Power Infrastructure: $65 billion
    2. Broadband: $65 billion
    3. Water Infrastructure: $55 billion

    Resilience: $47 billion

    1. Western Water Structure: $8 billion
    2. Pollution Remediation: $21 billion
    3. Additional $5 billion is made up of small provisions to aid different groups.

    (Source: Congressional Budget Office)

    (With inputs from Agencies)

  • India must commit to net zero emissions

    India must commit to net zero emissions

    The country will need to take a stand on climate change action or risk being cast globally as an outlier

    By Patrick Suckling

    “The transition of the global economy to net zero emissions is the biggest commercial opportunity in history. In just the energy sector alone, an estimated $1.6 to $3.8 trillion of investment is required every year until 2050. China gets this, which is why it is investing heavily in gaining an advantage in the technologies of the new economy, be it renewable energy and storage, electric and hydrogen transport, low emissions industry, green cities or sustainable agriculture. India needs to be riding this wave.”

    Yet, in the end, India’s tryst with destiny rests in its own remarkable hands, as it always has been. In a land where the earth is called mother, and Mahatma Gandhi, major religions and the Constitution enshrine environmental care, commitment to net zero emissions by 2050 should almost be foretold. The world hopes we will see it soon.

    India is at the risk of being cast globally as an outlier on climate action, with a negative fallout. With over 50% of the global economy already committed to net zero emissions by 2050 — and China committing to be so before 2060 — this is not where you want to be.

    The pace and scale of climate action is only set to increase, with the recent Intergovernmental Panel on Climate Change (IPCC) report unequivocal on the need for urgent and stronger responses. Events around the world underline the point — towns washed away in Germany, subways turned into storm water drains in China, forests fried in the United States and so many more lives lost to flooding in India.

    Massive opportunities

    It is not only governments that are increasing climate action. The business world is too, not just to protect themselves against the risks of climate change but also to take advantage of the massive opportunities arising as the global economy shifts to net zero emissions. Last year, investors injected over $500 billion into climate transition. In my country, Australia, the number of major companies that have put in place a target of reaching net zero emissions by 2050 has more than trebled in the past year.

    The United Nations Climate Change Conference (COP26) in November in Glasgow is shaping up to be the most important climate meeting since the Paris Agreement in 2015. It is squarely focused on supercharging global ambition and action on climate change, as all countries, including India, agreed to do in the historic Paris Agreement.

    Over 100 countries have already committed to net zero emissions by 2050, with more expected at COP26. Two key holdouts are India and Australia. In the case of my country, under mounting pressure at home and internationally, the government is moving toward such an announcement and I am confident they will do so by or at COP26.

    I am not so confident about India. From what I hear through networks from my time as the Australian High Commissioner to India and as Australia’s Ambassador for the Environment, India is resolutely not committing to net zero by 2050, including on the basis that as a developing country, it needs to see significant support from developed countries for climate action as part of making any such commitment.

    Perhaps this is negotiating tactics. Either way, I fear India may shoot itself in the foot by resisting net zero by 2050.

    First, India itself has a national interest in ambitious global and national climate action. Like Australia, it is among the most vulnerable countries to climate change and, therefore, should be among the more active against the threats. India faces harmful impacts related to sea level rise, heat stress, drought, water stress and flooding, biodiversity and natural disasters. Climate change is not coming — it is here.

    Second, as a rising power, India naturally seeks stronger influence globally. Being an outlier on the global challenge facing our generation does not support this aim. India is already the third largest emitter in the world and is set to be the largest as the United States, China, and the European Union are all now signed up to net zero.

    This will become a significant drag on India’s international diplomacy. This applies not just to key relationships like with the U.S., where President Joe Biden’s administration is mainstreaming climate action into its economic, foreign and security policy, but also with much of the Group of 77 (G77) states, who are increasingly concerned to see climate action, and in multilateral groupings such as the United Nations and ASEAN-APEC.

    Finally, as the famous phrase goes, “it’s the economy, stupid”. There is no longer a trade-off between reducing emissions and economic growth. For example, the U.K. has reduced emissions over 40% and grown its economy over 70% since 1990. Solar energy costs have fallen 90% in recent years, providing the cheapest electricity in India ever seen. Also, given the negative impacts, addressing climate change in India’s economic development is now central to success, not an added luxury to consider. For example, agricultural policy that does not consider adaptive approaches to maximize productivity in the face of increased flooding and drought due to climate change is derelict.

    The report also said that if climate change is addressed and acted upon boldly and rapidly in the next decade, average global temperature rises can be limited to around 1.5° Celsius by 2050. File photo

    The transition of the global economy to net zero emissions is the biggest commercial opportunity in history. In just the energy sector alone, an estimated $1.6 to $3.8 trillion of investment is required every year until 2050. China gets this, which is why it is investing heavily in gaining an advantage in the technologies of the new economy, be it renewable energy and storage, electric and hydrogen transport, low emissions industry, green cities or sustainable agriculture. India needs to be riding this wave.

    It is not as if India is at a standing start. It is set to significantly exceed its Paris Agreement commitment of reducing the emissions intensity of its GDP by 33-35% below 2005 levels by 2030, providing ready room for higher ambition. India is impressing the world with its leading roll-out of renewable energy and target for 450GW by 2030, linked to its leadership on the International Solar Alliance and recent national hydrogen strategy. Indian corporates are also stepping up, with the Tata Group winning awards on sustainability, Mahindra committing to net zero by 2040 and Reliance by 2035. There is plenty on which to build.

    A low-carbon future through sector-led change

    And India should not be expected to build alone. India’s national interests on climate action are now engaged in ways that go significantly beyond waiting for donor support to drive ambition, notwithstanding reasonable arguments about historical responsibility, per capita emissions and equity. With growing wealth and stature, India is increasingly disinclined toward handouts. But that does not mean well-targeted donor investments and international partnerships should not be a factor in raising India’s climate ambition. In fact, they should be, as it is more and more obvious that the world needs to work together for success.

    This could come in many guises, from stronger political engagement and dialogue to policy support in areas of mutual challenge such as energy policy, carbon markets and post-COVID green economic recovery. Practical support and cooperation in areas like rolling out renewable energy and integrating it with the national grid, zero emissions transport, decarbonizing hard to abate sectors like steel, cement and chemicals and decarbonizing agriculture offer significant scope to raise ambition. As does working with India on innovative green financing for decarbonizing investments, including using donor support to mobilize private sector finance, green bonds and climate transition funds. Whichever it is, they need to be lasting partnerships that deliver results.

    Yet, in the end, India’s tryst with destiny rests in its own remarkable hands, as it always has been. In a land where the earth is called mother, and Mahatma Gandhi, major religions and the Constitution enshrine environmental care, commitment to net zero emissions by 2050 should almost be foretold. The world hopes we will see it soon.

    (Patrick Suckling was Australia’s High Commissioner to India and Ambassador for the Environment. He is a senior fellow at the Asia Society Policy Institute (ASPI) and senior partner in Pollination, a specialist climate advisory and investment firm. This oped draws from his recent paper for ASPI on Catalysing India’s Climate Ambition)

  • Shree Ganeshaya Namah

    Shree Ganeshaya Namah

    Weekly Horoscope : November 16 – November 22, 2020

    Contact at +918141234275 for all kinds of astrological queries

    Aries: Ganesha says a time when you will enjoy fully at the pleasures

    that the senses can give. A fine time for artists and painters,

    connoisseurs, gourmets, all those concerned with the art of good

    living. I must ask here, is there any other way to live? You will also

    have much to do with family values and also financial transactions. A

    wonderful trend for the period, says Ganesha.

    Taurus: Action, work, and employment are the focus. In fact, those not

    employed may get jobs, or better prospects for those who do not have

    suitable jobs are favored. It’s the right time to develop a good work

    ethos, because the rewards will come. Ganesha guarantees that.

    Gemini: A period of immense satisfaction for you, both for work and

    for relationships at all levels, even for recreation and play. Family,

    work, entertainment, children and hobbies, creative pursuits all give

    pleasure, especially the satisfaction of a duty well done.

    Cancer: The moon made you ready to take on the world, chance your arm!

    You will now be romantic, even ardent, full of passion and love, and

    enthusiasm. You will have the drive and determination to take on

    anything you want to try your luck at. Travel is particularly

    important, along with meeting people from distant lands, relatives,

    tourists, visitors. You will extend your hospitality, too.

    Leo: Financially, an upswing. Loans and funds will materialize for

    work projects. Investments and capital formation will be expedited,

    and so also finance for new projects. Employment prospects will also

    improve for those who are already employed. A house move / shift, even

    immigration are favored.

    Virgo: This is the real time for trips, relationships, loans and

    finances, to work out smoothly. Conversely though, it’s also the time

    for coming together or separating permanently. That’s the way the

    stars work for you, says Ganesha.

    Libra: News and views will take top priority. It is good news for you

    and bodes well for the future. It is also the time for mutual giving

    and taking in relationships, for interfacing with as many people as

    possible.

    Scorpio: Once again, the focus is on finances, but it’s through the

    opposite of a zoom lens – it’s long – range, for the years to come. I

    mean by this that your activities now will create avenues for making

    money in the long – term future, not this immediate future. You will

    be building up your financial muscle and clout.

    Sagittarius: It is a tie of warmth, intimacy, caring, and sharing with

    family, parents, kin, in – laws. A clan gathering or family get –

    together may occur. Religious rites, some type of reverence paid to

    ancestors may also be performed or participated in. It’s the lares and

    penates (Latin for household gods and Ganesha, of course) for you this

    period.

    Capricorn: Work may well become the center of your existence, as it

    will overshadow almost all other concerns. You may receive secret help

    and guidance in your endeavors. However, it is a slightly tricky time

    with regard to health, so a little care and some safeguards may be

    necessary. You are supposed to be careful and meticulous. I think it’s

    time to live up your sign.

    Aquarius: The house / home and family are in focus and as a direct

    opposite, travel as well. You will also alternate between period of

    rest and intense activity, bordering on manic. Home and office will

    come together in some way, or you could be operating from home. Also,

    your artistic ability will be at full flow, and greatly appreciated by

    others.

    Pisces: This could be the time not just to make decisions but to

    execute them, especially where partnerships, business or marriage and

    even migrating to foreign lands are concerned. Personal issues like

    health, children, a major house move are important, too.

  • PM Modi hardsells India advantage as he invites global investors

    PM Modi hardsells India advantage as he invites global investors

    New Delhi (TIP): Urging global investors to invest in India, Prime Minister Narendra Modi on Thursday, November 5,  said the government will do “whatever it takes to make India the engine of global growth resurgence”. Speaking at a Virtual Global Investor Roundtable with leaders of top pension and sovereign wealth funds and domestic business leaders, Modi said:

    “If you want returns with reliability, India is the place to be. If you want demand with democracy, India is the place to be. If you want stability with sustainability, India is the place to be. If you want growth with a green approach, India is the place to be. India’s growth has the potential to catalyse global economic resurgence.” He added, “Any achievement by India will have a multiplier impact on the world’s development and welfare. A strong and vibrant India can contribute to stabilisation of the world economic order. We will do whatever it takes to make India the engine of global growth resurgence. There is an exciting period of progress ahead.” Stating that he is conscious of investors’ requirement for safe, long-term returns, Modi said the government is finalising a master plan for connectivity infrastructure with an investment target of $1.5 trillion under the National Infrastructure Pipeline. The government has already undertaken several policies like GST, lowering the corporate tax, incentive scheme for new manufactures, new labour laws, ease of doing business and production linked incentives, he said.

    “We have an ambitious plan to invest $1.5 trillion under the National Infrastructure Pipeline. A pioneering multi-modal connectivity infrastructure master plan is being finalised. India has embarked on a massive infrastructure building spree of highways, railways, metros, water-ways, airports across the country. We are building millions of affordable houses for the neo-middle class. We want investments not just in big cities but smaller cities and towns too,” he said.

    Reforms in the agricultural sector have opened up “new exciting possibilities to partner with the farmers of India”, the Prime Minister said, adding that the country can emerge as an agricultural export hub with use of technology and modern processing solutions. The last five months have seen a 13 per cent rise in FDI inflows compared to last year, he said.

    Modi said the country’s quest for self-reliance or Aatmanirbhar Bharat is not a vision but a well-planned economic strategy. “A strategy that aims to use the capabilities of our businesses and skills of our workers to make India into a global manufacturing powerhouse,” he said.

    The Virtual Global Investor Roundtable was organised by the Finance Ministry and National Investment and Infrastructure Fund. Global institutional investors, Indian business leaders, top government officials and financial market regulators were part of the meeting. Union Finance Minister Nirmala Sitharaman, Union Minister of State for Finance Anurag Thakur, and RBI Governor Shaktikanta Das also participated.

    “The VGIR 2020 roundtable was a very productive and helpful forum which provided us insight into the government’s vision to build out the India economy and accelerate the growth of international institutional investment in India. India is key to our long-horizon investment strategy, focused on growth markets, and we have a strong appetite to build on our existing investments across infrastructure, industrial and consumer sectors,” Mark Machin, President & CEO of CPP Investments was quoted as saying in a release issued by the Prime Minister’s Office.

  • Indian American Entrepreneur Honored with Utah Governor’s Lifetime Achievement Medal

    Indian American Entrepreneur Honored with Utah Governor’s Lifetime Achievement Medal

    WASHINGTON (TIP): Eminent Indian American entrepreneur Dr Dinesh C Patel has been honored with Utah Governor’s Lifetime Achievement Medal for Science and Technology for his contribution in the field of biotechnology and pharmaceuticals.

    Considered the father of biotechnology and pharmaceuticals in the Rocky Mountain region, Dr Patel has been instrumental in creating, driving and growing Utah’s science and technology community into the rich landscape, according to a statement issued on Wednesday.

    The Governor’s Medal for Science and Technology has been awarded to deserving recipients since 1987 as a symbol of recognition to those who have provided distinguished service to the state in the fields of science and technology.

    It has been nearly 40 years since Patel came to Utah. His innovations and hard work brought financial success and improved the lives of thousands across the globe.

    Patel founded TheraTech Inc., in 1985 serving as president and CEO. He led the company in a successful initial public offering in 1992, and successful acquisition in 1999 when Watson Pharmaceuticals, Inc. purchased the company for over USD 350 million.

    Post TheraTech, Patel founded Salus Therapeutics, a biotechnology company that developed anti-sense pharmaceuticals. Genta Inc, acquired Salus in 2003 for USD 30 million.

    He continued to start and grow companies in the state, founding and cofounding other successful ventures, including a family investment firm, Patel Family Investments, which has a current portfolio of over 25 early-stage companies and 12 private equity/venture funds.

    Patel has received distinguished honors locally and across the globe for his leadership, mentorship and contributions to the scientific communities including the State of Utah’s Governor’s Medal for Science and Technology Award – Industry Category in 1996.

  • Indian American Committee IMPACT raises $10 million war chest for Indian American candidates

    Indian American Committee IMPACT raises $10 million war chest for Indian American candidates

    NEW YORK (TIP): IMPACT, the leading Indian American advocacy and political action committee, has raised a $10 million war chest to get Indian origin candidates including Kamala Harris, the first Indian American on a national ticket, and Joe Biden, elected. Raised in just three months, the funds will be spent to support turnout efforts in the Asian American and Indian American community and to elect IMPACT’s 2020 slate of candidates, as well as Indian American candidates running up and down ballots in states across the country.
    Besides the Democratic presidential ticket of Biden and Harris, the slate includes six candidates for the US House and 16 candidates for Statewide and local offices: seven for State Senates, Five for State Houses and four others.
    “IMPACT’s fundraising strength reflects trends we’re seeing across the country,” IMPACT Executive Director Neil Makhija, said Monday, October 19, announcing the organization’s groundbreaking effort.
    “There’s a level of enthusiasm and excitement about this year’s election among Indian American voters that is palpable, and unrivaled in previous cycles,” he said.
    “With an Indian American on the presidential ticket for the first time in history, and a record number of Indian American candidates running for office, Indian American voters are poised to exert a considerable amount of influence in this year’s election, and IMPACT will help mobilize and harness this emerging power.”
    IMPACT said it will invest in the presidential, state-wide, and congressional races in battleground states across the country. Investments include committee contributions, paid advertising, targeted turnout operations, and infrastructure building.
    This groundbreaking investment comes at a time when Indian Americans — the second largest immigrant group in the US — are beginning to flex their political muscle on the national political stage, it said.
    In addition to an Indian American being a historic Democratic nominee for Vice President, the number of Indian Americans in Congress has grown five-fold in just the past eight years and the campaign arm charged with electing Democrats to Congress released its first-ever Hindi-language political ad earlier this year, it noted.
    All of these developments have come less than 75 years since South Asians began emigrating to the US, and 55 years after the Immigration and Nationality Act of 1965, which ended discriminatory quotas and opened the doors to Asian immigrants, IMPACT said.
    Besides four sitting members of US Congress — Ami Bera (California), Ro Khanna (California), Pramila Jayapal (Washington), Raja Krishnamoorthi (Illinois) — Impact is backing two more, Sri Kulkarni (Texas), and Hiral Tipirneni (Arizona) for the US House.
    Seven State Senate candidates backed by IMPACT are: Sara Gideon (Maine), Jay Chaudhuri (North Carolina), Jeremy Cooney (New York), Kevin Thomas (New York), Rupande Mehta (New Jersey), Kesha Ram (Vermont), and Nikil Saval (Pennsylvania).
    Five candidates for State Houses are: Nima Kulkarni (Kentucky) Padma Kuppa (Michigan), Jennifer Rajkumar (New York), Amish Shah (Arizona), and Vandana Slatter (Washington).
    Impact is also backing Nina Ahmad (Pennsylvania Auditor General), Ronnie Chatterji (North Carolina Treasurer), Pavan Parikh (Ohio Hamilton County Court of Common Pleas) and Ravi Sandill (Texas District Judge).

     

  • The U.S.-India health-care partnership will be crucial in the battle against the coronavirus

    The U.S.-India health-care partnership will be crucial in the battle against the coronavirus

     

    Picture / courtesy freedigitalphotos.net

    The India-U.S. partnership in medical research has been complemented by the strength of our cooperation in pharmaceuticals. India’s capabilities in R&D and in manufacturing have made its pharmaceutical sector the world’s third largest by volume.

     

    As both India and the United States combat a pandemic of unprecedented scale, we have drawn upon the strength of our long-standing health-care ties to help us better understand the novel coronavirus and find workable solutions.

    In India, the government and the private sector have worked together to ensure the integrity of medical supply chains, and essential medicines from India have continued to reach the United States and some 150 partner countries. But more urgently, the India-U.S. cooperation is proving crucial to confront health challenges posed by the pandemic, including future vaccine development and distribution.

    From therapeutics to diagnostics, the medical supply industry in India has ramped up production to meet domestic needs and also respond, where feasible, to global needs. Prime Minister Narendra Modi took the initiative of bringing together leaders of the South Asian Association for Regional Cooperation (SAARC) to deliberate on collaborative efforts to combat the disease, including establishing a SAARC Emergency Response Fund.

    And as we move toward an effective vaccine for the novel coronavirus, India’s research laboratories and manufacturing facilities — which produce more than 60 percent of the world’s vaccines in a normal year — are integral to the effort. There are at least four ongoing vaccine development programs between Indian and U.S. firms and research institutions.

    Over the years, scientific cooperation has become a critical element of India’s expanding strategic ties with the United States. Last year India and the United States signed an agreement to promote scientific exchanges, cooperative research projects and the establishment of innovative public-private partnerships. U.S.-India scientific collaborations have expanded in fields ranging from health and energy to earth and ocean sciences, and from space to agriculture. Such collaborations have fostered innovation, empowered industry and economic growth.

    Further, under the bilateral Health Dialogue that commenced in 2015, supported by private-sector engagements, India’s partnership with the United States in the health sector has yielded significant results on a global scale. The collaboration under the Vaccine Action Program resulted in the development of the ROTAVAC vaccine against the rotavirus, which causes severe diarrhea in children. The rollout of an affordable vaccine by an Indian company has enabled its use in several developing countries. This success stands as a true testament to the benefits of the India-U.S. partnership for the greater good of humanity. Today there are more than 200 active collaborations between the U.S. National Institutes of Health network of labs and leading research agencies in India, all focused on delivering affordable health-care solutions.

    The India-U.S. partnership in medical research has been complemented by the strength of our cooperation in pharmaceuticals. India’s capabilities in R&D and in manufacturing have made its pharmaceutical sector the world’s third largest by volume. These strengths have been bolstered by government incentives to encourage investments in the manufacture of active pharmaceutical ingredients. Indian generic drugs have found a ready market across the globe, with Indian firms supplying about 40 percent of generic formulations marketed in the United States. This has allowed American health-care consumers to save billions and enjoy enhanced access to quality medicines. The pharmaceutical sector has also been a significant job creator in the United States, with Indian firms investing billions to establish manufacturing facilities in different states in this country.

    When the coronavirus outbreak began, the network of existing collaborations between our countries sprang into action. Using the platform of the India-U.S. Science and Technology Forum, an initiative led by both governments, calls were put out to support joint research and incubate start-up engagements. The initiative was directed at developing technologies for the containment and management of the novel coronavirus, including diagnostics and therapeutics.

    As a country we are committed to increasing health-care spending to 2.5 percent of gross domestic product by 2025. Regulatory reforms, policy actions and investment incentives are imparting fresh dynamism to health care in India. Ayushman Bharat, the National Health Protection Mission, is the world’s largest such public-funded program. The pandemic has also not stopped India from undertaking bold initiatives. The recently launched National Digital Health Mission will facilitate the creation of a virtuous health ecosystem, expanding access for hitherto underserved populations. All this opens up immense opportunities for expanding the India-U.S. health-care partnership.

    Meanwhile, we continue to combat the virus at home. While the number of coronavirus cases in India has surpassed 3 million, we are encouraged that the recovery rate is also significantly high, at more than 70 percent, and the case fatality rate is below 2 percent. India’s health-care providers, comprising 1 million mostly female workers, have also risen to the challenge and have been active at the clinical, treatment and grass-roots levels, playing an essential role in pandemic control.

    The current pandemic has made it clear that ensuring affordable and timely access to health care is a priority for all. It has emphasized the need to diversify health supply chains and foster new international partnerships for global health safety. India is well positioned to offer a reliable alternative, with its strengths in manufacturing and innovation, and with its skilled workforce. As societies that respect innovation, India and the United States can do much to provide solutions to the novel coronavirus pandemic and to build a healthier, safer world beyond.

    (The author is India’s Ambassador to the United States)

  • India should open up its markets to US, says Noted Economist Panagariya

    India should open up its markets to US, says Noted Economist Panagariya

    NEW YORK CITY (TIP): As the Trump administration is repeatedly asking India to open up its market, India should do it for its own benefit, feels noted economist Arvind Panagariya, who served as the first Vice-Chairman of the NITI Aayog from January 2015 to August 2017.

    Consulate General of India in New York hosted a Panel Discussion on ‘Economic Priorities for the New Government’ on Monday, June 24, where Arvind Panagariya, Professor of Indian Political Economy, Columbia University delivered the Keynote Address. The panel discussion was organised in partnership with the Deepak and Neera Raj Centre for Indian Economic Policies and the US-India Strategic Partnership Forum (USISPF). The other panellists were – Chip Kaye, Co-CEO, Warburg Pincus, and Krishna Memani, Vice Chairman, Investments Invesco.

    Consul General Ambassador Sandeep Chakravorty in his welcome note set the ground for the discussion – what should be the priorities of Narendra Modi after his return to power for the second time with an absolute mandate.

    Speaking on that, Dr Panagariya said that taking the advantage of trade war between the US and China, India should do whatever they can to attract multinationals looking for alternative destination. “This is also a great time for India to begin attracting the large multinationals that are now looking for alternative locations. It is an opportune time for India to do whatever it will take to bring these multinationals to Indian shores”.

    He also strongly feels that India must slash tariffs on imported motorcycles and automobiles and open up its markets to the US. “It is a good thing for India. I would open it unilaterally, but here is an opportunity to actually negotiate with the US. Give them something and get something in return. Go zero tariffs on Harley Davidson. What is the problem? How long are you going to punish your own customers?” he suggested.

    Speaking from the investor’s point of view, Kaye and Memani stressed that substantial set of initiatives should be taken to open the door for more investments.

    Seema Mody from CNBC moderated the event.

  • Unprecedented congratulatory messages pour in for Modi from over 50 US leaders

    Unprecedented congratulatory messages pour in for Modi from over 50 US leaders

    WASHINGTON (TIP): In a testimony to the strength of India-US relations, unprecedented congratulatory messages have been received from over 50 US leaders in every domain, including the Administration, Congress, business, academia/think tanks on the historic electoral victory of India’s Prime Minister Narendra Modi.

    ADMINISTRATION

    President Donald Trump

    • Just spoke to Prime Minister @NarendraModiwhere I congratulated him on his big political victory. He is a great man and leader for the people of India -they are lucky to have him!

    Vice President Mike Pence

    • Congrats to an American ally & friend PM @narendramodi, on his party’s win in India’s parliamentary election. This was a strong display of the Indian people’s commitment to democracy! We look forward to continuing to work with India for a freer, safer, & more prosperous region.

    Secretary Mike Pompeo

    • Congratulations to @narendramodi and the NDA for their victory in India’s election, and to the Indian people for casting their votes in such historic numbers. As the world’s largest exercise in democracy, #India’s election is an inspiration around the world.

    Ivanka Trump, Advisor to the President

    • Congratulations @narendramodi on a great victory! Exciting times ahead for the wonderful people of India!

    Governor Phil Murphy (New Jersey)

    • Congrats to Prime Minister @narendramodi and the NDA on your historic election! New Jersey has a vibrant Indian American population and deep ties to the world’s largest democracy –we look forward to strengthening our relationship in the years ahead.

    Governor Greg Abbott (Texas)

    • Prime MinisterModi, Congratulations on your election win. I view it as a very important to the future of India. Texas looks forward to continuing to work with you as we advance the economies of India and Texas

    CONGRESS

    Senator Chris Coons (D-DE)

    • Congratulations to the new government and the people of India for concluding the world’s largest democratic election in which 600 million votes were cast for the country’s leadership.·I look forward to continuing my work to strengthen and deepen ties between the United States and India, two of the world’s great democracies, in the years ahead.

    Senator Mark Warner (D-VA)

    • As co-chair of the Senate India Caucus, I want to congratulate the Indian people on today’s historic election —the largest democratic election in history. I look forward to continuing our work with PM Modi’s administration to strengthen our important alliance with India.

    Senator Kevin Thomas

    • Congratulations to @narendramodi on his win in the Indian elections today. India and the U.S. share a great relationship and looking forward to continuing cooperation going forward.

    Senator John Cornyn

    • Congratulations @narendramodi on your historic victory. Looking forward to seeing you soon

    enator Dan Sullivan

    • I want to congratulate @PMOIndia@narendramodion achieving a commanding victory in his reelection bid today. Modi, a steadfast friend of America and free people everywhere, has clearly earned a strong and lasting confidence among the people of India.

    Congressman Ted Yoho (R-FL)

    • The world’s largest democracy and one of our strongest partners in the Indo-Pacific has chosen their leadership in free and fair elections. Congratulations to @BJP4India and @narenbramodi on your historic re-election.

    Congressman Jim Banks (R-IN)

    • Congratulations to @narendramodi and his party for their landslide victory in India’s election. The relationship between India and the United States has never been stronger!

    Congressman Tom Suozzi (D-NY)

    • Congratulations to @narendramodi on his re-election! The India-U.S. relationship is based upon shared values. This alliance will be very important overthe next 50 years & I am looking forward to continuing our work with PM Modi & Indian government to strengthen our alliance.

    Congressman Raja Krishnamoorthi

    • Congratulations to Prime Minister @narendramodi on his re-election —it was truly an inspiration to see so many Indians exercise their democratic rights, and I look forward to working with PM Modi and the Indian government to strengthen the US-India partnership.

    Congressman Steny Hoyer

    • Congratulations @NarendraModi on winning re-election this week. I look forward to strengthening the important U.S.-India partnership.

    Congressman Ami Bera

    • Great job to the people of #India on their historic election. Never before have so many voted in a single democratic election. Congratulations to PM Modi for his win and I look forward to working with his government to strengthen the ties between our two great nations.

    Congressman Ro Khanna

    • One lesson from Modi’s win is that dynastic, establishment candidates are weak. Democrats need to make sure that our candidate against Trump can connect with people’s frustration and offer a positive vision for change.

    Asm. Raj Mukherjee, Assembly Majority Whip, NJ Legislature

    • Congrats to @narendramodi on a decisive reelection and to the Indian people on the largest display of participation in democracy in the history of the world. Looking forward to furthering the strong bilateral ties between our two great democracies. @IndiainNewYork

    THINK TANKS/ ACADEMICS

    Ambassador Nikki Haley , Stand for America

    • India continues to have amazing potential and is a strong US partner. Congratulations to @narendramodi on your success with the elections and the direction you are taking India. We look forward to seeing our partnership continue to strengthen

    Ambassador Nicholas Burns, Professor, Harvard Kennedy School

    • A major victory for PM Modi and the BJP in #India. The Trump Administration now has an opportunity to expand our military and economic partnership with Delhi, particularly to limit China’s ambitions in the Indo-Pacific.

    Renu Khator, President of University of Houston ·Congratulations to Prime Minister Modi on his decisive victory in election…1.3 billion people have chosen their leader to continue to shape India’s future at home and abroad!

    BUSINESS

    Bill Gates, Microsoft

    • Congratulations @NarendraModi on a remarkable win in #IndianElections2019. Your continued commitment to improve health, nutrition, and development will significantly improve lives of many.

    IBM CEO Ginni Rometty

    • IBM congratulates Prime Minister Modi on his reelection, and I look forward to continuing to work with him on issues that are critical to India and its people -from skills to emerging technologies like AI.

    Ajay Banga, President & CEO, Mastercard

    • Congratulations to Prime Minister Narendra Modi on this historic win with this decisive mandate from the world’s largest democracy, he will propel the country further on all fronts. We are proud of our long-standing commitment to India and its citizens. And, we are excited to expand our investments and local partnerships in the country to deliver on the Digital India vision and help power it’s continued economic growth.