General Affairs
Government Should Take Action Against Chopper Deal Bribe-Takers: AK Antony
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THIRUVANANTHAPURAM: Former defence minister AK Antony today asked the Narendra Modi government to take action against the "bribe-takers" in the AgustaWestland VVIP chopper deal.
Addressing reporters Thiruvananthapuram in while kicking off his Assembly poll campaign, Mr Antony was pressed with questions on the Rs. 3,600 crore chopper deal inked in 2010.
"The CBI, enforcement agencies and all those who matter are now under the control of the present Modi government. Action has been taken against the bribe givers, so now action should be taken against the bribe takers," said Mr Antony, who was defence minister when the scam was unearthed.
He said that AgustaWestland is now involved in the Make in India campaign of the Modi government.
"We request the government not to involve this company in the Make in India campaign," said Mr Antony.
He said during the trial in the Italian court, the Central Bureau of Investigation (CBI) and Ministry of Defence officials participated at every stage. All the witnesses were cross-examined, and at the time no names were revealed, he added.
"Strong action has been taken against the bribe givers, and now action has to be taken against bribe-takers," he stressed.
The Bharatiya Janata Party (BJP) and the Congress, for the past week, have been indulging in political recrimination over the chopper deal both inside and outside parliament.
THIRUVANANTHAPURAM: Former defence minister AK Antony today asked the Narendra Modi government to take action against the "bribe-takers" in the AgustaWestland VVIP chopper deal.Addressing reporters Thiruvananthapuram in while kicking off his Assembly poll campaign, Mr Antony was pressed with questions on the Rs. 3,600 crore chopper deal inked in 2010.
"The CBI, enforcement agencies and all those who matter are now under the control of the present Modi government. Action has been taken against the bribe givers, so now action should be taken against the bribe takers," said Mr Antony, who was defence minister when the scam was unearthed.
He said that AgustaWestland is now involved in the Make in India campaign of the Modi government.
"We request the government not to involve this company in the Make in India campaign," said Mr Antony.
He said during the trial in the Italian court, the Central Bureau of Investigation (CBI) and Ministry of Defence officials participated at every stage. All the witnesses were cross-examined, and at the time no names were revealed, he added.
"Strong action has been taken against the bribe givers, and now action has to be taken against bribe-takers," he stressed.
The Bharatiya Janata Party (BJP) and the Congress, for the past week, have been indulging in political recrimination over the chopper deal both inside and outside parliament.
Bengal Polls 5th Phase : 57% Voting Till 1 PM, 7 Injured In Violence
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KOLKATA: Amid sporadic incidents of violence which left seven persons injured, over 57 per cent of the electorate cast their votes till 1 pm today in the fifth and penultimate phase of the assembly polls in West Bengal.
Till 1 pm, voter turnout of 59.83 per cent was recorded from Hooghly district, 58.24 per cent in South 24 Parganas while Kolkata South had the lowest turnout with 46.35 per cent.
The Election Commission said the overall average turnout was 57.10 per cent.
The poll panel has ordered filing of an FIR against Trinamool Congress sitting MLA and candidate Sonali Guha after she was caught on camera allegedly ordering party workers to beat CPI-M polling agents in her Satgachia constituency.
Six persons were injured in poll violence in South 24 Parganas while one injury was reported from Hooghly.
Four RSP workers were injured in a clash with TMC supporters at a booth in Bhangonkhali village in Basanti constituency after TMC activists allegedly prevented them from casting votes, a police officer said.
The injured were taken to Basanti hospital, he added.
A report from Canning in South 24 Parganas said two persons were injured as central force jawans resorted to lathi charge to disperse clashing Trinamool Congress and CPI(M) supporters in front of a booth in Kathaliya village under Bhangar constituency.
The two injured were rushed to Bhangar hospital, the officer said.
Trinamool Congress candidate from Bhangar, Rezzak Mollah rushed to the spot and was involved in an altercation with the central forces following the incident, the officer said.
A report from Chinsurah in Hooghly district said a villager, N Babu, sustained head injury when he was allegedly attacked by Trinamool Congress supporters at Puin village in Arambag constituency for casting his vote.
He was rushed to Arambag sub-divisional hospital.
Police have arrested one TMC supporter in the incident. In Bahareshole village in Goghat constituency in Hooghly district, Forward Bloc candidate Bishwanath Tarak complained to the EC that he was pushed allegedly by TMC supporters who had gathered in front of a booth.
Till 1 pm, voter turnout of 59.83 per cent was recorded from Hooghly district, 58.24 per cent in South 24 Parganas while Kolkata South had the lowest turnout with 46.35 per cent.
The Election Commission said the overall average turnout was 57.10 per cent.
Six persons were injured in poll violence in South 24 Parganas while one injury was reported from Hooghly.
Four RSP workers were injured in a clash with TMC supporters at a booth in Bhangonkhali village in Basanti constituency after TMC activists allegedly prevented them from casting votes, a police officer said.
The injured were taken to Basanti hospital, he added.
A report from Canning in South 24 Parganas said two persons were injured as central force jawans resorted to lathi charge to disperse clashing Trinamool Congress and CPI(M) supporters in front of a booth in Kathaliya village under Bhangar constituency.
The two injured were rushed to Bhangar hospital, the officer said.
Trinamool Congress candidate from Bhangar, Rezzak Mollah rushed to the spot and was involved in an altercation with the central forces following the incident, the officer said.
A report from Chinsurah in Hooghly district said a villager, N Babu, sustained head injury when he was allegedly attacked by Trinamool Congress supporters at Puin village in Arambag constituency for casting his vote.
He was rushed to Arambag sub-divisional hospital.
Police have arrested one TMC supporter in the incident. In Bahareshole village in Goghat constituency in Hooghly district, Forward Bloc candidate Bishwanath Tarak complained to the EC that he was pushed allegedly by TMC supporters who had gathered in front of a booth.
Kolkata Witnesses Rare Red and Blue Ring Around Sun
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KOLKATA: A red and blue ring around the sun, popularly known as '22 degree circular halo' was sighted this afternoon in Kolkata.
The phenomenon was observed between 12.10pm and 12.40pm when the fifth and penultimate phase of Assembly elections was underway in parts of the city.
The phenomenon popularly known as the 22 degree circular halo of the sun or occasionally the Moon (also called a moon ring or winter halo), occurs when the sun's or moon's rays get deflected/ refracted through the hexagonal ice crystals present in cirrus clouds, a senior researcher with the MP Birla Planetarium told PTI today.
"These kind of cirrus clouds are generally formed when water vapour freezes into ice crystals at altitudes five to ten kilometres above the earth's surface," the researcher said.
"It's a very common phenomenon in the cold countries. But in our countries its occurrence is rare and cannot be predicted... The red and blue ring around the sun was seen for around 30 minutes," he added.
The 22 degree halo was last observed three years ago in 2013 in the suburbs of the city, the meteorologist said, adding, the phenomenon takes place before an impending storm.
The phenomenon was observed between 12.10pm and 12.40pm when the fifth and penultimate phase of Assembly elections was underway in parts of the city.
The phenomenon popularly known as the 22 degree circular halo of the sun or occasionally the Moon (also called a moon ring or winter halo), occurs when the sun's or moon's rays get deflected/ refracted through the hexagonal ice crystals present in cirrus clouds, a senior researcher with the MP Birla Planetarium told PTI today.
"These kind of cirrus clouds are generally formed when water vapour freezes into ice crystals at altitudes five to ten kilometres above the earth's surface," the researcher said.
"It's a very common phenomenon in the cold countries. But in our countries its occurrence is rare and cannot be predicted... The red and blue ring around the sun was seen for around 30 minutes," he added.
The 22 degree halo was last observed three years ago in 2013 in the suburbs of the city, the meteorologist said, adding, the phenomenon takes place before an impending storm.
6.0-Magnitude Earthquake Hits Off Vanuatu
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SYDNEY: A 6.0-magnitude earthquake hit off the South Pacific island of Vanuatu today, the United States Geological Survey (USGS) said.
No tsunami warning was issued and there were no immediate reports of damage.
The quake struck at a depth of 4.8 kilometres (3 miles), some 85 kilometres (52.8 miles) south of the port city Luganville -- known locally as Santo -- USGS said.
Vanuatu is part of the "Ring of Fire", a zone of tectonic activity around the Pacific that is subject to frequent earthquakes and volcanic eruptions.
This month has seen a series of tremors reported, including a powerful 7.0-magnitude quake on Friday which hit 209 kilometres from the capital Port Vila.
That powerful earthquake briefly prompted a tsunami warning that was cancelled after locals reported no significant damage.
A 6.9-magnitude tremor also hit the country at the beginning of April but no tsunami alerts were issued and there were also no reports of damage.
No tsunami warning was issued and there were no immediate reports of damage.
The quake struck at a depth of 4.8 kilometres (3 miles), some 85 kilometres (52.8 miles) south of the port city Luganville -- known locally as Santo -- USGS said.
Vanuatu is part of the "Ring of Fire", a zone of tectonic activity around the Pacific that is subject to frequent earthquakes and volcanic eruptions.
This month has seen a series of tremors reported, including a powerful 7.0-magnitude quake on Friday which hit 209 kilometres from the capital Port Vila.
That powerful earthquake briefly prompted a tsunami warning that was cancelled after locals reported no significant damage.
A 6.9-magnitude tremor also hit the country at the beginning of April but no tsunami alerts were issued and there were also no reports of damage.
Business Affairs
HDFC Bank to seek shareholders nod to raise Rs 50,000 crore via bonds
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Private sector lender HDFC Bank said on Friday, it plans to raise Rs 50,000 crore through bonds over one year to fund business growth.
The board has accorded approval for seeking shareholders nod at the annual
general meeting (AGM) for issue of perpetual debt instruments, tier-II bonds, senior long-term infra bonds up to a total amount of Rs 50,000 crore in the period of next 12 months through private placement, HDFC Bank said in a regulatory filing.
The board meeting will be held on May 19 to decide about the date for the AGM.
For the fourth quarter, HDFC Bank reported a 20.2 per cent jump in March quarter net at Rs 3,374.2 crore, helped by a healthy rise in core net interest income (NII).
The bank, which registered around 30 per cent profit growth for over a decade till 2013-14, posted a 20.4 per cent growth in post-tax profit at Rs 12,296.2 crore for the fiscal.
For January-March, NII rose 24 per cent to Rs 7,453.3 crore, while the non-interest income was up 11.8 per cent to Rs 2,865.9 crore.
On the asset quality front, gross non-performing assets (NPAs) were flat at 0.94 per cent of gross advances.
Net non-performing assets were at 0.3 per cent of net advances as on March 31, 2016. Total restructured loans were at 0.1 per cent of gross advances at the end of 2016-17.
Provisions and contingencies for the quarter ended March were Rs 662.5 crore as against Rs 576.7 crore in the corresponding quarter of the last year.
Private sector lender HDFC Bank said on Friday, it plans to raise Rs 50,000 crore through bonds over one year to fund business growth.
The board has accorded approval for seeking shareholders nod at the annual
general meeting (AGM) for issue of perpetual debt instruments, tier-II bonds, senior long-term infra bonds up to a total amount of Rs 50,000 crore in the period of next 12 months through private placement, HDFC Bank said in a regulatory filing.
The board meeting will be held on May 19 to decide about the date for the AGM.
For the fourth quarter, HDFC Bank reported a 20.2 per cent jump in March quarter net at Rs 3,374.2 crore, helped by a healthy rise in core net interest income (NII).
The bank, which registered around 30 per cent profit growth for over a decade till 2013-14, posted a 20.4 per cent growth in post-tax profit at Rs 12,296.2 crore for the fiscal.
For January-March, NII rose 24 per cent to Rs 7,453.3 crore, while the non-interest income was up 11.8 per cent to Rs 2,865.9 crore.
On the asset quality front, gross non-performing assets (NPAs) were flat at 0.94 per cent of gross advances.
Net non-performing assets were at 0.3 per cent of net advances as on March 31, 2016. Total restructured loans were at 0.1 per cent of gross advances at the end of 2016-17.
Provisions and contingencies for the quarter ended March were Rs 662.5 crore as against Rs 576.7 crore in the corresponding quarter of the last year.
Govt eyes Rs 25 lakh crore investment for infrastructure: Nitin Gadkari
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The government is expecting investments worth Rs 25 lakh crore over the next 3 years in the roads, railway and shipping infrastructure that includes setting up of 27 industrial clusters at ports at around Rs 8 lakh crore, Union Minister Nitin Gadkari said on Friday.
"We are committed to overhaul country's infrastructure and gradually working towards achieving this. We plan to spend Rs 25 lakh crore in our highways and shipping sector which includes setting up of 27 industrial clusters near ports at an estimated cost of Rs 8 lakh crore," Gadkari said.
Apart from Rs 8 lakh crore on developing 27 industrial clusters, another about Rs 5 lakh crore would be spent on road, railway and ports connectivity projects, the Minister said on the sidelines of an event by Indo-American Chamber of Commerce.
Besides, smart cities will be built at ports which will entail a huge investment, he said.
Earlier addressing the Chamber event, Gadkari said, "By May this year, awards in highways projects will swell to Rs 2 lakh crore from Rs 1.6 lakh crore now and by May 2017 it will be another 5 lakh crore."
He said concerted efforts by his Ministry to expedite road projects has started bearing fruits and the road building pace, which was barely 2 km a day when the Narendra Modi government took over, has reached 20 km a day and will touch 25 km a day next month.
He added that at the time of taking charge of the Ministry, 403 projects worth Rs 3.35 lakh crore were stuck but most of the issues have been addressed and barring 31 projects worth about Rs 30,000 crore all are being executed, he said.
He further said that out of the six planned ports in the country, three alone at Tamil Nadu, West Bengal and Maharashtra would entail an investment of Rs 60,000 crore.
Massive work is also being done on waterways front and detailed project reports are being worked out for converting 111 rivers into waterways.
Work on the stretch between Pala in Haryana and Wazirabad will be initiated in three months' time, he added.
The government is expecting investments worth Rs 25 lakh crore over the next 3 years in the roads, railway and shipping infrastructure that includes setting up of 27 industrial clusters at ports at around Rs 8 lakh crore, Union Minister Nitin Gadkari said on Friday.
"We are committed to overhaul country's infrastructure and gradually working towards achieving this. We plan to spend Rs 25 lakh crore in our highways and shipping sector which includes setting up of 27 industrial clusters near ports at an estimated cost of Rs 8 lakh crore," Gadkari said.
Apart from Rs 8 lakh crore on developing 27 industrial clusters, another about Rs 5 lakh crore would be spent on road, railway and ports connectivity projects, the Minister said on the sidelines of an event by Indo-American Chamber of Commerce.
Besides, smart cities will be built at ports which will entail a huge investment, he said.
Earlier addressing the Chamber event, Gadkari said, "By May this year, awards in highways projects will swell to Rs 2 lakh crore from Rs 1.6 lakh crore now and by May 2017 it will be another 5 lakh crore."
He said concerted efforts by his Ministry to expedite road projects has started bearing fruits and the road building pace, which was barely 2 km a day when the Narendra Modi government took over, has reached 20 km a day and will touch 25 km a day next month.
He added that at the time of taking charge of the Ministry, 403 projects worth Rs 3.35 lakh crore were stuck but most of the issues have been addressed and barring 31 projects worth about Rs 30,000 crore all are being executed, he said.
He further said that out of the six planned ports in the country, three alone at Tamil Nadu, West Bengal and Maharashtra would entail an investment of Rs 60,000 crore.
Massive work is also being done on waterways front and detailed project reports are being worked out for converting 111 rivers into waterways.
Work on the stretch between Pala in Haryana and Wazirabad will be initiated in three months' time, he added.
Piyush Goyal says India will achieve solar energy target of 1 lakh MW
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India will definitely achieve the target for enhancing solar power capacity and add 10,500 MW in the current fiscal, New & Renewable Energy Minister Piyush Goyal said Friday.
"India has set an ambitious target of adding one lakh MW of solar power generation capacity by 2022 which is five times more than the earlier target of 20,000 MW under National Solar Mission. The way things are progressing in solar energy sector. We will definitely achieve our target. Solar energy is economically viable," Goyal said at an event in New Delhi.
Some experts and consultancies have expressed apprehension about huge targets of solar power capacity addition during the current fiscal.
"Our estimates show that unless challenges like transmission and financing are addressed urgently, the industry will miss the targets by big margins," Bridge to India Managing Director Vinay Rustagi said.
However, consulting firm Bridge to India said in its latest edition of India Solar Handbook report released earlier this month that India is poised to become the fourth-largest solar market in 2016, leaving behind three major European solar markets (UK, Germany and France) with expected new capacity addition of 5.4 GW in 2016.
The minister said: A target of adding 10,500 MW solar power has been set for this fiscal. It is four to five time more than last year (target of 2000 MW).
For achieving this target we have already floated tenders for 21,000 MW solar power projects during last fiscal. With 21,000 MW of new solar projects out in the market, India has signalled to the world that we're ready to lead.
He added, "The preliminary studies have found that there is potential of 7.5 Lakh MW solar energy in the country which is a big target. India will achieve this target. When our government came in 2014, the target was to add 20,000 MW solar power generation capacity. Prime Minister Narendra Modi increased that target by five time to one lakh MW."
The minister also said that India has exceeded solar targets by 116 per cent this year in comparison to last year and already had awarded solar projects of 11,000 MW.
India will definitely achieve the target for enhancing solar power capacity and add 10,500 MW in the current fiscal, New & Renewable Energy Minister Piyush Goyal said Friday.
"India has set an ambitious target of adding one lakh MW of solar power generation capacity by 2022 which is five times more than the earlier target of 20,000 MW under National Solar Mission. The way things are progressing in solar energy sector. We will definitely achieve our target. Solar energy is economically viable," Goyal said at an event in New Delhi.
Some experts and consultancies have expressed apprehension about huge targets of solar power capacity addition during the current fiscal.
"Our estimates show that unless challenges like transmission and financing are addressed urgently, the industry will miss the targets by big margins," Bridge to India Managing Director Vinay Rustagi said.
However, consulting firm Bridge to India said in its latest edition of India Solar Handbook report released earlier this month that India is poised to become the fourth-largest solar market in 2016, leaving behind three major European solar markets (UK, Germany and France) with expected new capacity addition of 5.4 GW in 2016.
The minister said: A target of adding 10,500 MW solar power has been set for this fiscal. It is four to five time more than last year (target of 2000 MW).
For achieving this target we have already floated tenders for 21,000 MW solar power projects during last fiscal. With 21,000 MW of new solar projects out in the market, India has signalled to the world that we're ready to lead.
He added, "The preliminary studies have found that there is potential of 7.5 Lakh MW solar energy in the country which is a big target. India will achieve this target. When our government came in 2014, the target was to add 20,000 MW solar power generation capacity. Prime Minister Narendra Modi increased that target by five time to one lakh MW."
The minister also said that India has exceeded solar targets by 116 per cent this year in comparison to last year and already had awarded solar projects of 11,000 MW.
RBI deputy governor R Gandhi calls for more green funding
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Reserve Bank Deputy Governor R Gandhi said incorporating environmental concerns into commercial lending is a challenge in a country like India.
The challenge before developing economies like ours is to mainstream green finances, so as to incorporate environmental impact into commercial lending, while simultaneously balancing the needs to economic growth and social development, he said at a conference on sustainable finance in New Delhi.
"We have to develop the instruments. We have to balance out the green development and economic development," he said speaking to the reporters.
The new priority sector lending requirements announced by the RBI include devoting money to social infrastructure and small renewable projects, which will help support the objective of sustainability finance, he said.
The central bank also has been working on various other aspects, he said, adding a working group has been formed to look into it. Additionally, the Securities and Exchange Board of India (Sebi) has also worked out norms for raising money through green bonds, through which domestic financial institutions, like Exim Bank and Yes Bank have raised $1.1 billion in 2015, Gandhi added.
Reserve Bank Deputy Governor R Gandhi said incorporating environmental concerns into commercial lending is a challenge in a country like India.
The challenge before developing economies like ours is to mainstream green finances, so as to incorporate environmental impact into commercial lending, while simultaneously balancing the needs to economic growth and social development, he said at a conference on sustainable finance in New Delhi.
"We have to develop the instruments. We have to balance out the green development and economic development," he said speaking to the reporters.
The new priority sector lending requirements announced by the RBI include devoting money to social infrastructure and small renewable projects, which will help support the objective of sustainability finance, he said.
The central bank also has been working on various other aspects, he said, adding a working group has been formed to look into it. Additionally, the Securities and Exchange Board of India (Sebi) has also worked out norms for raising money through green bonds, through which domestic financial institutions, like Exim Bank and Yes Bank have raised $1.1 billion in 2015, Gandhi added.
CAG asks railways to curb losses in passenger segment
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CTaking note of losses in train operation, Comptroller and Auditor General of India asked the Railways to revisit passenger and other coaching tariff so as to recover the cost of operations in a phased manner and reduce losses in its core activities.
CAG in its latest report tabled observed that during 2013-14, there was a loss of Rs 31,727.44 crore on passenger and other coaching services. In the freight services, railways earned a profit of Rs 32,641.69 crore and was able to retain 2.80 per cent of the profit on freight earning after subsidizing the loss on passenger services in 2013-14 as compared to 21.66 per cent in the previous year, showing a shortfall in the operational profit.
All category of passenger services (except AC 3 Tier) incurred losses in 2013-14. Pointing out the public transporter's financial crunch, CAG noted that non-availability of sufficient funds in depreciation reserve fund (DRF) to replace the overaged assets is indicative of its poor financial health.
Railways maintains DRF for replacement and renewal of existing assets. However, CAG found that contribution to DRF was not made as a result there was a huge backlog of over aged assets amounting to Rs 47,678.65 crore (up to 2014-15), out of which railways had spent Rs 7,286.93 crore in 2014-15 on replacement/renewal of assets.
The remaining overaged assets in the railway system were required to be replaced for safe running of trains. DRF closed with balances of Rs 1,777.12 crore. In 2010-11, the balance in the Railway funds was Rs 342.51 crore only. The balance increased from Rs 6,025.28 crore in 2013-14 to Rs 6,872.73 crore at the end of the year 2014-15.
CAG observed the improvement in fund balances was mainly due to not making payment of capital component of lease charges to Indian Railway Finance Corporation (IRFC) amounting to Rs 12,629.49 crore during the period 2011-12 to 2013-14 from Capital Fund.
CTaking note of losses in train operation, Comptroller and Auditor General of India asked the Railways to revisit passenger and other coaching tariff so as to recover the cost of operations in a phased manner and reduce losses in its core activities.
CAG in its latest report tabled observed that during 2013-14, there was a loss of Rs 31,727.44 crore on passenger and other coaching services. In the freight services, railways earned a profit of Rs 32,641.69 crore and was able to retain 2.80 per cent of the profit on freight earning after subsidizing the loss on passenger services in 2013-14 as compared to 21.66 per cent in the previous year, showing a shortfall in the operational profit.
All category of passenger services (except AC 3 Tier) incurred losses in 2013-14. Pointing out the public transporter's financial crunch, CAG noted that non-availability of sufficient funds in depreciation reserve fund (DRF) to replace the overaged assets is indicative of its poor financial health.
Railways maintains DRF for replacement and renewal of existing assets. However, CAG found that contribution to DRF was not made as a result there was a huge backlog of over aged assets amounting to Rs 47,678.65 crore (up to 2014-15), out of which railways had spent Rs 7,286.93 crore in 2014-15 on replacement/renewal of assets.
The remaining overaged assets in the railway system were required to be replaced for safe running of trains. DRF closed with balances of Rs 1,777.12 crore. In 2010-11, the balance in the Railway funds was Rs 342.51 crore only. The balance increased from Rs 6,025.28 crore in 2013-14 to Rs 6,872.73 crore at the end of the year 2014-15.
CAG observed the improvement in fund balances was mainly due to not making payment of capital component of lease charges to Indian Railway Finance Corporation (IRFC) amounting to Rs 12,629.49 crore during the period 2011-12 to 2013-14 from Capital Fund.
General Awareness
President embarks on two nation tour to Papua New Guinea and New Zealand
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President Pranab Mukherjee boards 5 day visit on two nation-tour to Papua New Guinea and New Zealand accompanies by Minister of State for Agriculture Sanjeev Kumar Balyan and Parliamentary Delegates
Visit to Papua New Guinea
First ever state visit of the President of India to Papua New Guinea and New Zealand which is expected to sign bilateral relations of India
- President Pranab Mukherjee arrives in Papua New Guinea and meet the Governor General and Prime Minister of Papua New Guinea
Events:
- Discourse a business event and an Indian community event
- Speech at Papua New Guinea University
Purpose of Visit: Part of India’s growing engagement with Pacific Island countries
In 2015, Prime Minister of the Papua New Guinea visited India following the visit of the speaker of the Papua New Guinea Parliament in 2013.
MoU between India and Papua New Guinea and approved by Cabinet Minister
- Cooperation in the field of area and medical science
- Singed four MoUs in myriad sectors to boost ties
- India offers $100 million for infrastructure fund
Cabinet approves MoU between India and Papua New Guinea on cooperation in the field of health area and medical science
- Cooperation between the Ministry of Health & Family Welfare of India and the Ministry of Health and HIV/AIDS of the Papua New Guinea
- Enhance bilateral ties between India and Papua New Guinea
Singed four MoUs in myriad sectors to boost ties in following Sectors
- Agriculture
- Health
- Information Technology
- Infrastructure
India offers $100 million for infrastructure fund
India awarded $100 million line of credit for development of infrastructureand acceded to jointly develop new avenues of cooperation to explore and develop the Pacific nation’s vast oil and gas resources.
Visit to New Zealand:
President Pranab Mukherjee arrives New Zealand and meets Government General, Prime Minister and leader of the opposition.
Events:
- Addressing the gathering of top business men, Students
- Meeting the Indian Community
India inks agreements and MoUs with New Zealand
- Air Connectivity and Education
- Bilateral relation
Most of the India’s energy trade occurs through the sea lanes of Indian as well as Pacific Ocean.
- President Pranab Mukherjee boards 5 day visit on two nation-tour to Papua New Guinea and New Zealand accompanies by Minister of State for Agriculture Sanjeev Kumar Balyan and Parliamentary DelegatesVisit to Papua New GuineaFirst ever state visit of the President of India to Papua New Guinea and New Zealand which is expected to sign bilateral relations of India
- President Pranab Mukherjee arrives in Papua New Guinea and meet the Governor General and Prime Minister of Papua New Guinea
Events:- Discourse a business event and an Indian community event
- Speech at Papua New Guinea University
Purpose of Visit: Part of India’s growing engagement with Pacific Island countriesIn 2015, Prime Minister of the Papua New Guinea visited India following the visit of the speaker of the Papua New Guinea Parliament in 2013.MoU between India and Papua New Guinea and approved by Cabinet Minister- Cooperation in the field of area and medical science
- Singed four MoUs in myriad sectors to boost ties
- India offers $100 million for infrastructure fund
Cabinet approves MoU between India and Papua New Guinea on cooperation in the field of health area and medical science- Cooperation between the Ministry of Health & Family Welfare of India and the Ministry of Health and HIV/AIDS of the Papua New Guinea
- Enhance bilateral ties between India and Papua New Guinea
Singed four MoUs in myriad sectors to boost ties in following Sectors- Agriculture
- Health
- Information Technology
- Infrastructure
India offers $100 million for infrastructure fundIndia awarded $100 million line of credit for development of infrastructureand acceded to jointly develop new avenues of cooperation to explore and develop the Pacific nation’s vast oil and gas resources.Visit to New Zealand:President Pranab Mukherjee arrives New Zealand and meets Government General, Prime Minister and leader of the opposition.Events:- Addressing the gathering of top business men, Students
- Meeting the Indian Community
India inks agreements and MoUs with New Zealand- Air Connectivity and Education
- Bilateral relation
Most of the India’s energy trade occurs through the sea lanes of Indian as well as Pacific Ocean. - President Pranab Mukherjee arrives in Papua New Guinea and meet the Governor General and Prime Minister of Papua New Guinea
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