Home Daily Updates IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 15 - APRIL - 2016
IMPORTANT CURRENT AFFAIRS & DAILY NEWS UPDATES : 15 - APRIL - 2016
Friday, 15 April 2016 03:25

 

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DAILY NEWS UPDATES

15 - APRIL - 2016

 

FORBES RELEASED ASIA’S 50 POWER BUSINESSWOMEN 2016 LIST

Forbes released Asia’s 50 Power Businesswomen 2016 list. The list features eight Indian women business leaders.

Reliance Industries Director Nita Ambani and State Bank of India Chairman Arundhati Bhattacharya have been ranked top two in Forbes’ Asia 50 Power Businesswomen 2016 list. China’s Zhu Chongyun, Cofounder & Chairman of Shenzhen Marisfrolg Fashion, was ranked 50th on the list.

The list also includes more than 27 newcomers.

The list includes following women business leaders from India

• Nita Ambani, Director, Reliance Industries

• Arundhati Bhattacharya, Chairman, Bank of India

• Ambiga Dhiraj, CEO, Mu Sigma

• Dipali Goenka, CEO and Joint Managing Director, Welspun India Ltd

• Vinita Gupta, CEO, Lupin Ltd

• Chanda Kochhar, MD and CEO, ICICI Bank

• Vandana Luthra, Founder, VLCC Health Care Ltd

• Kiran Mazumdar-Shaw, Chairman and Managing Director, Biocon Ltd.

Top 10 Power Businesswomen 2016

Rank

Name

Designation

1

Nita Ambani (India)

Director/Chairman, Reliance Industries/Reliance Foundation

2

Arundhati Bhattacharya (India)

Chairman & Managing Director, State Bank of India

3

Cao Thi Ngoc Dung (Vietnam)

Chairman & CEO, Phu Nhuan Jewelry

4

Somruedee Chaimongkol (Thailand)

CEO, Banpu

5

Sabrina Sih Ming Chao (Hong Kong)

Chairman, Wah Kwong Maritime Transport Holdings

6

Solina Chau Hoi Shuen (Hong Kong)

Cofounder, Horizons Ventures

7

Eva Yi-Hwa Chen (Japan)

Cofounder & CEO, Trend Micro

8

Sonia Cheng (Hong Kong)

CEO/Executive Director, Rosewood Hotel Group /New World Development

9

Chew Gek Khim (Singapore)

Executive Chairman, Straits Trading

10

Yuwadee Chirathivat (Thailand)

CEO, Central Department Store Group

JUSTICE (RETD) PERMOD KOHLI TOOK OVER AS CHAIRMAN OF CENTRAL ADMINISTRATIVE TRIBUNAL

Justice (retd) Permod Kohli took over as the Chairman of Central Administrative Tribunal (CAT).

Kohli succeeded Justice Syed Rafat Alam and will be in the office for a period of 5 years or till attaining the age of 68 years, whichever is earlier.

About Justice (retd) Permod Kohli

• Born in 1951 in the town of Rajouri, Jammu and Kasmir, he joined Bar at Jammu in 1972.

• He became Advocate General of Jammu & Kashmir in December 1990.

• He is an expert in Constitutional, Civil and Taxation cases

• He remained Legal Advisor to Sri Mata Vaishno Devi Shrine Board and Sri Mata Vaishno Devi University till elevation.

• He as Judge has provided services to the High Courts of Jammu & Kashmir, Jharkhand and Punjab & Haryana.

• In 2011, he was elevated as the Chief Justice of the Sikkim High Court.

About Central Administrative Tribunal (CAT)

• Article 323A of Part 14A of the Indian Constitution provides for establishment of CAT and was inserted by the 42nd Amendment Act, 1976.

• It was constituted in November 1985 under Section 29 of the Administrative Tribunals Act, 1985. It was set up at Delhi, Mumbai, Calcutta and Allahabad.

• The CAT is headed by a Chairman who is a sitting or retired Judge of a High Court. Besides the Chairman, the authorized strength consists of 16 Vice-Chairmen and 49 Members.

• The Tribunal follows the principles of natural justice in deciding cases and the procedure, prescribed by Evidence Act or Criminal Procedure Code (CPC) does not apply.

• Now, there are 17 Benches of the Tribunal located throughout the country wherever the seat of a High Court is located, with 33 Division Benches.

SCOTT KELLY TO WRITE MEMOIR TITLED ENDURANCE: MY YEAR IN SPACE AND OUR JOURNEY TO MARS

Endurance: My Year in Space and Our Journey to Mars: Scott Kelly

NASA astronaut Scott Kelly will write a memoir titled Endurance: My Year in Space and Our Journey to Mars, as announced. The book will be published by Alfred A. Knopf.

Scott returned to Earth in March 2016 after spending almost a year aboard the International Space Station (ISS).

The memoir will offer a glimpse of Scott’s journey to space and his life aboard the ISS. He will also recount the obstacles he encountered along the way, his early struggles in school, his training as a Navy test pilot, and the work required to become an astronaut and live in space for one year.

Scott’s arguments in favour of more space travel, both government-sponsored and private, will also be included in the book.

The book will be published in November 2017.

About Scott Kelly

Scott Joseph Kelly is an engineer, retired American astronaut and a retired U.S. Navy Captain.

He commanded the International Space Station on Expeditions 26, 44 and 45.

His first spaceflight was as pilot of Space Shuttle Discovery during STS-103 in December 1999.

In November 2012, Scott was selected, along with Mikhail Korniyenko, for a special year-long mission to the International Space Station. Their year in space commenced 27 March 2015 with the start of Expedition 43, continued through the entirety of Expeditions 44 and 45, both of which Scott commanded.

He passed command to Timothy Kopra on 29 February 2016, when the ISS year long mission ended.

He returned to Earth aboard Soyuz TMA-18M on 1 March 2016.

In October 2015, he set the record for the total accumulated number of days spent in space by an American astronaut. For the ISS year long mission, he spent 340 consecutive days in space.

His identical twin brother, Mark Kelly, is a former astronaut. The Kelly brothers are the only siblings to have travelled in space.

400-YEAR-OLD SHAKESPEARE’S ‘FIRST FOLIO’ FOUND IN SCOTLAND

A copy of the first edition of the original ‘First Folio’ authored by William Shakespeare was found at the Mount Stuart House on the Isle of Bute, off the western coast of Scotland. The edition was first published in 1623, seven years after Shakespeare death.

The discovery comes ahead of the 400th death anniversary of the playwright. Shakespeare died on 23 April 1616.

With this, the number of known surviving copies of the First Folio in the world to 234. Most others are in libraries and accessible only to scholars.

It is one of the world’s most sought-after books, which contains 36 of the Bard, 18 of which would otherwise not have been recorded.

The goatskin-bound book contains plays like Macbeth, Twelfth Night, Julius Caesar, As You Like It and The Tempest among others.

The First Folio is worth an estimated 2 to 2.5 million pounds (about 18.8 crore to 23.5 crore rupees) but it is not up for sale. It will be on public display at Mount Stuart until October 2016.

The first page of the Folio is an inscription from an 18th century editor of Shakespeare called Isaac Reed, who has described the process that how he acquired the book in 1786. The Folio also includes annotations by Reed that suggest he used it as a working document.

NORTH EAST-ASEAN BUSINESS SUMMIT CONCLUDED IN IMPHAL

The first-ever three-day North East-ASEAN (Association of Southeast Asian Nations) Business Summit concluded at the City Convention Centre in Imphal, Manipur.

It was organised with an aim to attract investment from both domestic and foreign firms to the North-East states of India. It also tried to increase productivity and generate employment in the region.

Bangladesh Commerce Minister Tofail Ahmed was the chief guest at the inaugural session of the Summit while Manipur Speaker Thokchom Lokeshwar Singh presided over the function.

The summit was organized by Manipur Commerce and Industries Department in collaboration with the Union Ministries of External Affairs and Development of North-Eastern Region (DoNER), Indian Chamber of Commerce (ICC) and Indian Chamber of Service Industries (ICSI).

The Business Summit explored the possibility of trade and Commerce with ASEAN countries under Act East Policy of the Government.

It gave a platform to all potential investors in different sectors such as Food Processing, Horticulture, Tourism, Handloom and Handicraft, Startups, Entrepreneurship etc., to have a better understanding about the investment environment & potential of North East.

It saw participation of delegates from the member nations of the ASEAN, viz., Myanmar, Vietnam, Cambodia, Philippines, Singapore, Thailand, Malaysia, Indonesia, Lao PDR, Brunei and eight North-East states of the country are participating in the Summit.

MAHARAJA RANJIT SINGH'S STATUE TO BE INSTALLED IN FRANCE

A statue of Maharaja Ranjit Singh will be installed in France's Saint-Tropez town on 17 September 2016. The town is the birth place of Maharaja’s Army General Jean-Francois Allard.

Henri Prevosat-Allard, Deputy Mayor and in-charge of tourism of Saint-Tropez on 6 April 2016 met Punjab Tourism Minister Sohan Singh Thandal and invited him to the installation ceremony of Singh’s statue in France.

Henri Prevosat-Allard is a descendant of General Jean-Francois Allard, who trained Maharaja Ranjit Singh's troops. Prevosat-Allard has announced the step as a mark of respect towards the 19th century king.

In September 2016, the Indian embassy in France will hold also an exhibition on the life of the king.

The Punjab Government will hand over the bust of Maharaja Ranjit Singh to the French envoy in India in June 2016.

About Maharaja Ranjit Singh

Maharaja Ranjit Singh was the founder of the Sikh Empire, which came to power in the Indian subcontinent in the early half of the 19th century.

The empire, based in the Punjab region, existed from 1799 to 1849.

It was forged, on the foundations of the Dal Khalsa, under the leadership of Ranjit Singh from a collection of autonomous Sikh Misls (sovereign states of the Sikh Confederacy).

MAKE PUBLIC BIO-SAFETY INFORMATION ON GENETICALLY MODIFIED ORGANISMS: CIC

The Central Information Commission (CIC) directed the GEAC to make public the non-confidential bio-safety information on Genetically Modified Organisms (GMOs).

The direction is aimed at enhancing transparency in the regulatory approval process and applicable to all GMOs in the pipeline includingGM mustard variety - DMH11.

As per the direction, the Genetic Engineering Appraisal Committee (GEAC), the apex regulatory body for GMOs, has to keep all the relevant data in the public domain by 30 April 2016.

However, the disclosure of intellectual property data was exempted.

Why the direction was given?

• The Centre for Genetic Manipulation of Crop Plants (CGMCP) of Delhi University has been developing GM Mustard variety - DMH11 - for few years.

• In 2014 and 2015, the crop developer submitted two separate dossiers to the GEAC seeking permission to conduct field trials.

• Opposing regulatory approval to GM mustard, the Alliance for Sustainable and Holistic Agriculture requested the authorities for a copy of the bio-safety dossier under the Right to Information Act, 2005.

• The petitioners contended that the GM seeds so produced aren’t substantially better than existing mustard varieties and that seed developers and biotechnology regulators have colluded to “push” DMH11.

• However, the authorities refused to provide the information saying such information will breach the commercial confidence of the CGMCP.

• Contending this stand, the petitioners approached the Central Information Commission for redressal.

What are Genetically Modified Organisms?

• GMOs can be defined as organisms like plants, animals or microorganisms in which the genetic material (DNA) has been altered in a way that does not occur naturally by mating and/or natural recombination.

• GM foods are produced – and marketed – because there is some perceived advantage either to the producer or consumer of these foods.

• This is meant to translate into a product with a lower price, greater benefit (in terms of durability or nutritional value) or both.

• However, the GMOs attracted much criticism on various grounds including environment, public health, cost-benefit analysis, technological hurdles, monopoly of multinational companies, etc.

• Though the hybrid varieties are generally known to produce greater yields but they necessitate farmers to keep going to seed companies every year to buy fresh seed.

• About DMH11: It has been developed by Deepak Pental, a geneticist at the Delhi University, with support from the National Dairy Development Board and the Department of Biotechnology.

• The technology involves using a complex of genes, sourced from soil bacterium, which makes it easier for seed developers to easily develop hybrid varieties of mustard, generally a self pollinating plant.

• This new variety is expected to contribute to increasing yields of up to 25 percent compared to existing varieties.

Genetic Engineering Appraisal Committee

• It is India’s apex regulatory body under the Ministry of Environment, Forest and Climate Change (MoEFCC).

• It looks after approval of activities involving large scale use of hazardous microorganisms and recom­binants in research and industrial production from the environ­mental angle.

• It is also responsible for ap­proval of proposals relating to release of genetically engineered organisms and products into the environment including experimen­tal field trials.

• At present, GM cotton is the only GM crop commercially available in farmer fields.

• Since its introduction in India in 2002, it is grown in such quantities that India is the world’s fourth-biggest GM-crop producer, behind the United States, Brazil and Argentina.

• In July 2014, it gave the green signal for field trials of GM rice, mustard, cotton, chickpea and brinjal.

FIFA RELEASED COCA-COLA WORLD RANKINGS 2016

Federation Internationale de Football Association (FIFA) released the April 2016 edition of the FIFA or Coca-Cola World Ranking.

A total of 171 games were taken into account for the Ranking which includes 51 qualifiers for Russia 2018 and 60 continental qualifiers and 60 international friendlies.

Argentina Men’s Soccer team stood at world number one, pushing back the Belgium team to second position.  This is the first time since November that Belgium have lost top spot after taking it from the South American side in November 2015.

Meanwhile, India lost their last two World Cup qualifiers against Iran and Turkmenistan and dropped down to 162.

The next FIFA or Coca-Cola World Ranking will be published on 5 May 2016.

Summary of the Rankings

Leader

Argentina

Moved into top ten

Uruguay (9th, up 2)

Moved out of top ten

Austria (11th, down 1)

Matches played in total

171

Most matches played

El Salvador, Iraq, Panama, Syria, Trinidad and Tobago, United Arab Emirates (three matches each)

Biggest move by points

Morocco (plus 131 points)

Biggest move by ranks

Guinea-Bissau (up 45 ranks)

Biggest drop by points

Cape Verde Islands (minus 169 points)

Biggest drop by ranks

Aruba (down 24 ranks)

METEOROLOGICAL DEPARTMENT PREDICTS RAINFALL CLOSE TO 106 PERCENT OF NORMAL

  • In line with recent predictions by private weather forecasters, India’s official weather forecasting agency too has said the monsoon is likely to be “above normal” and likely to be 106 per cent of the average of 89 cm.
  • Monsoon rains within 96 per cent and 104 per cent of this average are considered “normal” in the terminology of the India Meteorological Department (IMD).
  • “The monsoon will be fairly well distributed but southeast India will get slightly less rain.
  • IMD also said some regions would see floods and that the chances of drought — defined as a deficit of 10 per cent or more — were only one per cent this year.
  • In any given year, the chances of such a drought are 16 per cent.
  • Several reasons underlie the IMD’s optimism. Most importantly, it hinges on a waning El Nino — a global, meteorological phenomenon that’s associated with a warming of the waters of Central Pacific and correlated with droughts in India.
  • The historical observation that 7 out of 10 years, in the last century, that followed an El Nino saw normal or above normal monsoon rains in India.
  • The years 2014 and 2015 were among the strongest El Nino years in meteorological history and were blamed for the climatically rare event of successive drought years.
  • Though Pacific temperatures haven’t cooled enough, “El Nino neutral conditions” are expected to set in between June and July.
  • Another meteorological phenomenon known as a positive Indian Ocean Dipole — where the western portions of the Indian Ocean are warmer than the east and thereby push rain-bearing clouds over India — is also likely to form during the middle of the monsoon season, according to the IMD.
  • Finally, a La Nina — or an anti-El Nino — and associated with heavy rains in India was expected to set in around September, too late for the Indian monsoon, but its onset is generally considered enabling for the rains.

INDIA AND US HAVE AGREED ON A LOGISTIC SUPPORT AGREEMENT

  • In a significant decision that could have far-reaching implications for India’s military posture, India and the U.S. have agreed “in principle” on a logistics support agreement.
  • It was first proposed in 2004 and resisted by the UPA government for a decade — that would make it easier for both militaries to share each other’s facilities.
  • The Logistics Exchange Memorandum of Agreement (LEMOA) was the highlight of U.S. Defence Secretary Ash Carter’s three-day visit to India.
  • It ended with a meeting with Prime Minister Narendra Modi. Besides LEMOA, Mr. Carter and his Indian counterpart Manohar Parrikar announced initiatives to strengthen the growing strategic partnership.
  • Denying that LEMOA would facilitate basing of U.S. troops in India, Mr. Carter said: “It makes it more routine and automatic for us to operate together.”
  • The three “foundational agreements” guide the U.S. high technology cooperation with other countries.
  • Besides LEMOA (traditionally called the Logistics Support Agreement), the others are Communications Interoperability and Security Memorandum of Agreement (CISMOA) and Basic Exchange and Cooperation Agreement for Geo-spatial Cooperation (BECA).

SIXTY PLUS SEX RATIO TILT IN FAVOUR OF WOMEN

  • India has more elderly women than men with the sex ratio of the country’s 60-plus population recorded at 1,033 women per 1,000 men in the 2011 Census, up from 1,029 in the 2001 census.
  • The Ministry of Statistics and Programme Implementation has put out these figures in the latest National Sample Survey report on ‘Health in India’, which notes that the share of 60-plus women is higher than that of men in both rural and urban areas.
  • Experts describe the pattern as feminisation of ageing, which in the context of a developing country like India, brings with it health and financial concerns.
  • According to the Health in India report, around 70 per cent elderly women in both urban and rural India are economically dependent on others. And around 35 per cent of women aged over 80 are immobile.
  • The sex ratio in the country had shot up from 930 in the 1991 Census to 1,029 in 2001. However, the National Sample Survey in 2004 recorded a drop in this ratio to 999, before it went up again in 2011.
  • Among rural areas, the highest sex ratio (1,289) was reported in Gujarat and in urban Assam it was recorded as 1,476.
  • The overall proportion of the elderly in India, home to the world’s largest youth population, too has gone up. An estimated 87.6 million aged people live in India, about 69 per cent of them in rural parts.
  • In 1981, the share of the elderly population per 1,000 in rural India was 68, which went up to 88 in 2011. In urban India, the elderly share was recorded at 54 per 1,000 in 1981, going up to 81 in the 2011 Census.
  • But about 50 per cent of the elderly population is totally economically dependent on others.
  • Financial constraints are further compounded by illnesses of old age. The survey found a high proportion of the elderly battling chronic illnesses and around 8% of the elderly, particularly those aged over 80, confined to their beds.

KERALA HC ORDERED STRICT ENFORCEMENT OF EXPLOSIVE RULES

  • The Kerala High Court on Tuesday ordered strict enforcement of the provisions in the Explosive Rules, banning the use of high-decibel crackers and display of fireworks between the hours of sunset and sunrise, at places of worship in the State.
  • At a special sitting, the Bench directed officers of the Central and State governments to ensure that explosives were used only in accordance with the Explosive Rules 2008 in the State.
  • If there was any lack of supervisory control by the official concerned, it should be considered a dereliction of duty, the Bench said.
  • The court came down heavily on the police for not preventing the fireworks display at Paravur though the temple committee had failed to produce the required licence.

PM MAKES STRONG PITCH FOR TIGER CONSERVATION

  • Noting that conservation of tigers is not a choice but an imperative, PM called for considering them as ‘natural capital’ and underlined the need for collaboration between governments at the highest level to check trafficking in their body parts.
  • Making a strong pitch for tiger conservation, the Prime Minister said it was “not a drag on development” and there is a need to define conservation as a means to achieve development than considering it as “anti-growth” and called for involving business groups.
  • Mr. Modi inaugurated the three-day 3rd Asia Ministerial Conference on Tiger Conservation .
  • “All we need is to re-orient our strategy by factoring in concerns of the tiger in sectors where tiger conservation is not the goal. This [conservation] is a difficult task but can be achieved,” the Prime Minister said.

BRAZIL’S FIRST WOMAN PRESIDENT FACING IMPEACHMENT

  • Brazil’s President Dilma Rousseff entered the straight Tuesday of a desperate battle to save her presidency ahead of an impeachment vote in Congress this weekend.
  • In a ruthless and complex contest, supporters and opponents of Brazil’s first woman President raced to amass the votes that will either send her to trial in the Senate or torpedo the procedure.
  • The speaker of the lower house of Congress, Eduardo Cunha, was expected to present the formal impeachment document to the chamber.
  • Deputies were then due to start debating on Friday with a vote pencilled in for Sunday.
  • In the committee, a simple majority was enough to push the case along, but the full house requires a two-thirds majority, or 342 deputies, to send Ms. Rousseff’s case to the Senate.
  • Anything less and Ms. Rousseff — accused of fiddling accounts to mask the dire state of the government budget during her 2014 re-election — will walk out with her job.
  • The latest survey of the 513 deputies in the lower house by Estadao daily on Monday showed 299 favouring impeachment and 123 opposed.
  • Ms. Rousseff and allies, led by ex-president LuizInacio Lula da Silva, have fought back hard in the last few days, describing the impeachment drive as a coup plot in disguise.

CANADA WILL OFFER APOLOGY FOR KOMAGATA MARU

  • Almost 102 years after Canada turned away more than 376 migrants, mostly Sikhs from India, Prime Minister Justin Trudeau will formally apologise on May 18 for the incident that happened due to “discriminatory laws of the time”.
  • Speaking at the Baisakhi celebration in Ottawa on Monday, Mr. Trudeau said that the Komagata Maru’s passengers were seeking refuge and better lives, “like millions of immigrants to Canada since”.
  • “With so much to contribute to their new home, they chose Canada. And we failed them utterly,” the Prime Minister said
  • In May 1914, Komagata Maru, a Japanese steamship that was carrying 376 immigrants, mostly Sikhs, from India, was denied entry by the Canadian government and forced to return.
  • Two months later, itarrived in Calcutta where British soldiers fired upon the disembarking passengers, leading to 19 deaths.

EUROPEAN UNION PLANS FOR WORLD’S BIGGEST MULTINATIONALS TO FAITHFULLY REPORT EARNINGS

  • The EU unveiled plans to force the world’s biggest multinationals to faithfully report earnings and pay their fair share of taxes, saying the Panama Papers scandal added to the need for change.
  • The European Commission, the EU’s executive arm, said under the new rules big companies operating in Europe would have to make public what they earn in each member state of the 28-nation bloc.
  • Country-by-country reporting has for years been a major demand of tax activists who accuse big corporations of secretly shifting profits from major markets to low tax jurisdictions, often through the use of shell companies such as those exposed in the Panama Papers leaks.
  • “The Panama Papers have not changed our agenda but strengthen our determination to make sure taxes are paid where profits are generated,” EU Financial Services Commissioner Jonathan Hill said.
  • Longstanding criticism of corporate tax policy blew up into the open with the Lux Leaks scandal in 2014, which exposed secret sweetheart tax deals given to huge corporations -- including the likes of IKEA and Pepsi — by the small duchy of Luxembourg.

CONSUMER PRICE INDEX FELL TO 4.83

  • Consumer price inflation slowed to 4.83 per cent in March, the lowest reading in six months, government data showed.
  • The decrease in consumer price index was mainly due to the marginal easing of prices across most sectors, the most significant of which were the ‘food & beverages’ and ‘fuel & light’ segments.
  • India’s industrial output as measured by the Index of Industrial Production (IIP) snapped a three-month losing streak to clock 2 per cent growth in February, the data revealed.
  • The IIP moved to positive territory due to strong growth in infrastructure and consumer durables sectors.
  • But experts said the industrial output numbers do not reflect sustainable recovery and the inflation trend could reverse in coming months.
  • The IIP data assumes significance coming on the back of other indicators—such as the Index of Eight Core Industries and the Manufacturing Purchasing Managers’ Index—also showing a pick-up in manufacturing activity.
  • The Reserve Bank of India recently cut interest rates by 25 basis points to spur demand in the economy.
  • The capital goods segment of the IIP continued to shrink in February for the fourth month in a row, declining 9.8 per cent. Similarly, output from the consumer non-durables sector dipped 4.2 per cent.
  • The manufacturing segment of the IIP returned to growth in February recording 0.73 per cent, following three months of contraction.
  • As has been the case over the past nine months, urban consumption growth has picked up and resulted in increased production of consumer durables.
  • Electricity production, as measured in the IIP, grew by 9.6 per cent in February compared to 6.7 per cent in January.

ARVIND SUBRAMANIAN SAYS INDIA’S TRADE POLICY IS AMBIVALENT

  • There is ambivalence in India’s trade policy and this is partly due to the disruption and dislocation that trade is causing across the world, Chief Economic Advisor Arvind Subramanian said.
  • “We have had lot of reforms, the barriers have come down significantly, our trade has expanded, but when it comes to trade policy, there is a kind of genuine ambivalence on how rapidly India needs to open up domestically and to engage internationally whether it is the WTO or the TPP.
  • This is a problem even in the U.S where presidential candidates are campaigning on anti-trade planks, he said.
  • Carnegie senior associate Ashley J Tellis’s new paper ‘India as a leading power’ argues that Prime Minister Narendra Modi’s call for India to become a leading power represents a change in how the political leadership conceives of India’s role in international politics.
  • Mr Tellis’ key argument is that Mr Modi’s vision, when fulfilled, will mark the “third epoch in Indian foreign policy.”
  • In the first, India survived the U.S-Soviet cold war hostility through non-alignment, which was “essentially defensive;” and in the second, starting from 1991, India pursued strategic partnerships with more than 30 countries and emerged as a ‘balancing power’ that can influence outcomes in international debates.
  • “Modi seeks to transform India from being merely an influential entity into one whose weight and preferences are defining for international politics,” he said.
  • “The currently tepid domestic economic liberalisation efforts” amounts to “forfeiting the possibilities of enhanced trade-driven growth,” and blames domestic politics and fears of foreign domination for India’s modest foreign trade, he said.

POSSIBILITY OF BREXIT HANGS OVER INDIA- EU FTA

  • The negotiations on the proposed India-European Union (EU) Free Trade Agreement have been delayed due to the uncertainty over ‘Brexit’, or the possibility of Britain leaving the EU, according to official sources.
  • The U.K. is slated to hold a referendum in June to decide whether it should stay as an EU member country.
  • The EU’s demand — that India must agree to eliminate the “high” duties on automobiles over a specified period of time, as a pre-condition for resuming the free trade agreement negotiations — seems to be a strategy to buy time till there is more clarity on the Brexit situation and its economic consequences.

 

The truth is you were born alone and you will die alone. Therefore, it is natural, if you stand alone. Sometimes it's time to move forward in the journey, the journey already planned for us.

Even when we are unsure, feel alone, not valued, disrespected, or whatever it may be follow God's lead. Hand your loneliness, fears, tears, anger, hurt, worries, or whatever you may be feeling because of the acts/words of others over to Him.

It may not be easy, but He will get you through it and onward to the next leg of your journey. Sometimes it's hard to move forward from what we know now, but He has a way of calling us to where He wants us to be.

Try your best to reach within that loneliness to draw nearer to Him and hear His voice within you. You will never truly be alone. We are truly loved and valued by He who matters most.

#‎RAY‬ - ‪#‎Empowering‬ ‪#‎Talent‬ ‪#‎Since‬ 1971
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Last Updated on Saturday, 16 April 2016 02:59