Tag: Narendra Modi

India announces $500 million connectivity project, cargo service to boost trade ties with Maldives
31Aug By Joe RodriguezNo Comments
Asia

India announces $500 million connectivity project, cargo service to boost trade ties with Maldives

India has said that it will fund the implementation of the Greater Male Connectivity Project (GMCP) to revitalize the Maldivian economy through a $400 million Line of Credit (LOC) and $100 million grant linking its capital Male with Gulhifalhu Port and Thilafushi industrial zone.A new cargo ferry service will also be launched between the two countries, which will help India replace other countries to become the Maldives’ top trade partner. The measures were announced during a virtual meeting between external affairs minister S Jaishankar and his Maldives counterpart Abdulla Shahid.“Happy to announce the start of regular cargo ferry service between India & Maldives to boost trade and commerce. We are also starting an air travel bubble with Maldives to sustain and promote the dynamic peo...
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Taiwanese firms shift focus to India amid fallout with China
19Aug By Mike Trudell1 Comment
China, Market, World

Taiwanese firms shift focus to India amid fallout with China

Drawn by India’s giant market, inexpensive skilled workforce and tax breaks, Taiwanese firms are apparently pivoting to India and leaving China behind.According to media reports, firms from Taiwan are seeking to reduce their reliance on mainland China. A Taiwanese company Pegatron, an assembly partner for the US tech giant Apple, earlier in July announced that it was applying for permits to set up its first plant in India.The firm, which reported revenue of USD 44.8 billion in 2019, normally offshores its orders to its factories in mainland China. But analysts and the Taiwanese government said the firm’s swing into India is only the latest example of a trend that has been gaining pace over the past four years as ties between India and Taiwan strengthened.According to the Taiwan Bureau of F...
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Construction of mega lift irrigation project at Tral in full swing after J&K turns into UT
11Aug By Joe RodriguezNo Comments
Asia

Construction of mega lift irrigation project at Tral in full swing after J&K turns into UT

The construction work of the Tral Lift Irrigation Scheme in Jammu and Kashmir’s Pulwama gained momentum after the Indian government revoked Article 370 and announced Jammu and Kashmir as Union Territory in 2019.This much-awaited and prestigious scheme is a three-staged lift irrigation project, implemented at a cost of 170.50 crore under the Accelerated Irrigation Benefits Programme (AIBP) and Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) having an irrigation potential of 4,818 hectares.Initially, stage I and stage II (partly) of the scheme were commissioned and work was going at a low pace for stage III, but now the work has started on a war-footing as the administration directed the officials to complete the project by 2020 end.The mega scheme is situated in Tral town of the Pulwama dist...
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Jammu and Kashmir govt claims 100% success in 7 government schemes
8Aug By Joe RodriguezNo Comments
Asia

Jammu and Kashmir govt claims 100% success in 7 government schemes

With Article 370 revoked, the newly formed government of the Union Territory Jammu and Kashmir has claimed 100 per cent achievement in seven government sponsored schemes that include Saubhagya and PM Ujjwala Yojana (PMUY).Other schemes include UJALA, Mission Indradhanush (Jammu), Mission Indradhanush Aspirational Districts under GSA (Baramullah and Kupwara), Swachh Bharat Mission and Integrated Social Security (State Scheme).According to the data compiled by the erstwhile state government, around 3, 57,405 beneficiaries were covered in the last one year under the Saubhagya scheme. The Saubhagya Scheme or ‘Pradhan Mantri Sahaj Bijli Har Ghar Yojana’ is an Indian government's project to provide electricity to the households. The project was announced in September 2017 by Prime Minister Naren...
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Article 370 abrogation: Indian government reserves jobs in Jammu and Kashmir for domiciles
30Jul By Joe RodriguezNo Comments
Asia

Article 370 abrogation: Indian government reserves jobs in Jammu and Kashmir for domiciles

The Indian government has issued an order announcing that all government jobs in the Union Territory of Jammu and Kashmir will be reserved for domiciles.The move comes months after the Narendra Modi government at the Centre abrogated Article 370, thus ending the special status to Jammu and Kashmir and bifurcating it into two Union Territories (UTs) - Jammu and Kashmir division, and Ladakh division.The notification issued by Ministry of Home Affairs read, “any person who has resided for a period of 15 years in the Union Territory of Jammu and Kashmir or has studied for a period of seven years and appeared in Class 10/12 examination in an educational institution located in the UT shall be deemed to be a domicile for the purpose of appointment to any post carrying a pay scale of not more than...
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India’s ban could hit TikTok’s parent company with the loss of $6 Billion
13Jul By Brian ThompsonNo Comments
Asia

India’s ban could hit TikTok’s parent company with the loss of $6 Billion

After its unabated intrusion in India’s territory which ultimately led to the death of 20 Indian soldiers in a bloody clash between Indian and Chinese troops in Galwan valley on June 15, China is now finding out the cost of clashing with one of its major trading partners.This time it’s not the U.S., but India that’s creating headaches for some of China’s leading tech names. The brutal clash and a concurrent war of words, has led to calls among Indian consumers to boycott Chinese products.The Indian government earlier in July banned 59 Chinese apps, including the hugely popular TikTok video sharing app that boasts more than 120 million local users.Now, an insider at TikTok parent ByteDance has said that the ban could come with a heavy price tag, costing the company more than $6 billion in l...
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