Categories
-Top News Politics USA

Biden to name Indian-American Neera Tanden for budget chief

She is currently the president of the Centre for American Progress think-tank…reports Asian Lite News

Joe Biden, who is to become US President in January, has picked Indian-American Neera Tanden, a controversial close confidante of the Clintons, to head the powerful White House Office of Management and Budget, according to several media reports.

But opposition to Tanden was welling up Sunday night soon after the news of her selection leaked because she is an outspoken critic of Republicans and is considered a partisan within her Democratic Party.

The Indian-American veteran of Democratic election campaigns, if confirmed, will oversee the budget process for the entire government on behalf of the President and have a wide range of responsibilities for management of various federal agencies and personnel and for legislative coordination.

She is currently the president of the Centre for American Progress think-tank.

Because of her controversial background, there are signs that she may have difficulty getting Senate confirmation.

“Neera Tanden, who has (made) an endless stream of disparaging comments about the Republican Senators’ whose votes she’ll need, stands zero chance of being confirmed,” tweeted a spokesperson for Republican Senator John Cornyn.

Another person close to Senate Republican Majority Leader Mitch McConnell and was his chief of staff, Josh Holmes, indicated that Biden may be putting her up so the Republicans can get the satisfaction of knocking down one of his nominees and let others pass.

He tweeted: “And there’s the sacrifice to the confirmation gods.”

Even if Democrats gain control of the Senate, she may have trouble finding unanimous support of non-Republican senators because of her work for Hillary Clinton’s campaigns when she vigorously opposed Senator Bernie Sanders, the socialist contender for the party’s presidential nomination.

And if Tanden gets the job, she will have to work with Congress to get the budget through.

She was one of the vehement critics of Trump and has said his “actions and words are tearing the country apart, and it falls upon every government official of both parties and every citizen to reject his call”.

A Yale law graduate, Tanden had earlier worked for former President Bill Clinton’s campaign and went on to work at the White House as an associate director for domestic policy and as an adviser to Hillary Clinton.

US President-Elect Joe Biden and Vice President-Elect Kamala Harris.

When Hillary Clinton ran successfully for senator, Tanden was her deputy campaign manager and became her legislative director after her election.

She advised Clinton’s presidential campaign and was tipped for a senior White House job were she to win.

Tanden worked as a senior adviser to the Health and Human Services Department in former President Barack Obama’s administration, helping craft his affordable healthcare law and programme.

Some of her personal emails that a hacker got from breaking into the emails of John Podesta, a former counsellor to Obama, caused embarrassment for her as they revealed her blunt views about some politicians, sometimes with four-letter obscenities.

Tanden has faced criticism for her handling of a sexual harassment and retaliation complaint at the CAP when she revealed the identity of the victim.

Also read:Trump To Leave WH If Electoral College Confirms Biden’s victory

Categories
-Top News Asia News

S.Korea hardens quarantine measures

The daily caseload stayed below 500 for two straight days, but it was mainly attributable to fewer tests on the weekend…reports Asian Lite News

South Korea on Monday announced its decision to toughen quarantine measures amid rising concerns over a third wave of the coronavirus pandemic in the country.

Jeong Eun-kyeong, chief of the Korea Disease Control and Prevention Agency (KDCA), told a press briefing that the country’s Covid-19 reproduction rate reached 1.43 last week, which indicates one patient can infect 1.5 people, Xinhua news agency reported.

Jeong noted that unless the rate falls below 1, the number of confirmed cases would continue to grow faster, saying the daily caseload could soar to a range of 700-1,000 in the next one or two weeks if the current rate of 1.43 is left unchanged.

In the latest tally, South Korea reported 438 new cases in the past 24 hours, raising the total infection tally to 34,201.

The daily caseload stayed below 500 for two straight days, but it was mainly attributable to fewer tests on the weekend.

The number of single day cases has increased in triple digits for 23 consecutive days since November 8, hovering above 300 since November 18 except for November 23.

On Sunday, the government decided to keep the Seoul metropolitan area under the Level 2 distancing regulations, but additional restrictions were imposed on gatherings and activities.

Sauna and steam room in bathhouses will be banned from Tuesday midnight Tuesday for one week in the metropolitan area.

Hotels, party rooms and guesthouses will be banned from hosting new year parities to curb the virus spread.

Meanwhile, the social-distancing rules nationwide, except for the Seoul metropolitan area, will be elevated to Level 1.5 for two weeks from Tuesday midnight.

The local governments can decide to raise the distancing rules to Level 2 on their own depending on the cases.

Under the Level 2 distancing, five entertainment facilities, such as nightclubs, have to suspend business, and karaoke bars have to stop business after 9 p.m.

Indoor dining is not allowed in coffee shops and cafes, with only delivery and takeout to be permitted.

Restaurants are allowed to serve food until 9 p.m., with only delivery and takeout to be available afterward.

The gathering of over 100 people is banned, and the spectator capacity for sports events is restricted to 10 per cent.

Worship services are allowed to up to 20 per cent capacity.

The attendance cap in kindergartens, primary schools and middle schools is placed at one-third of the total students, while the cap in high schools is placed at two-thirds of students.

Also read:South Korea fines Facebook for sharing private information

Categories
-Top News Arab News

Fresh round of Syrian talks set to start in Geneva

The envoy said that the delegations will continue with the same agenda as in the previous meeting, discussing the so-called National Foundations and Principles..reports Asian Lite News

The latest round of Syrian constitutional talks, aimed at writing a new Constitution to pave the way for a political solution for the decade-long conflict in the country, will begin in Geneva on Monday, a UN envoy said.

Addressing a press conference on Sunday, Geir O. Pedersen, the UN Special Envoy for Syria, said that the Fourth Convening of the Small Body of the Syrian Constitutional Committee will start on Monday morning inside the European headquarters of the UN in Geneva, Xinhua news agency reported.

The envoy said that the delegations will continue with the same agenda as in the previous meeting, discussing the so-called National Foundations and Principles.

“I am looking forward to extensive, and hopefully good discussions next week that will be able to bring us a little bit further down the road towards then starting the discussions in January on Constitutional Principles,” he said.

between the Syrian parties, Pedersen highlighted that the building of trust could be a door-opener to a broader political process.

“There is no deadline and there is no exact timeline for this discussion, but we had agreed that we should work in a manner that makes progress possible,” he said.

The Syrian Constitutional Committee, which comprises representatives of the Syrian government, the opposition, and civil society, was officially launched in Geneva on October 30, 2019 to draft a new constitution for the war-torn country.

The Committee’s Small Body held its last sessions in Geneva in August this year, without making any major progress.

The Small Body includes 45 delegates, 15 each from the three groups.

Also read:Iran seeks lifting of western sanctions on Syria

Categories
-Top News India News

India Daily Digital – November 30, 2020 – India Snubs OIC Over Kashmir

India Snubs OIC Over Kashmir; Australia seeks apology over ‘repugnant’ Tweet by China; Biden to Name Indian-American Neera Tanden For Budget Chief – all in India Daily Digital – please click here to read.

Categories
-Top News Arab News India News

India expresses gratitude to the UAE for helping Indians

Jaishankar commended the measures adopted by the UAE to combat the pandemic, which has made it among the leading countries that contained the virus and harnessed financial and human resources to help other countries in need of aid, especially medical supplies.

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has received a message from Narendra Modi, Prime Minister of India.

In his message, Modi thanked His Highness Mohammed bin Rashid and the UAE Government for the efforts of the country’s health authorities to monitor the COVID-19 pandemic, protect the entire community, reduce the spread of the virus, and implement necessary procedures, as well as to protect the Indian community and offer its members treatment services, which led to a significant decrease in infections among Indians and other communities.

Sheikh Mohammed bin Rashid Al Maktoum received the message while meeting with Subrahmanyam Jaishankar, Indian Minister of External Affairs, who is currently visiting the UAE.

His Highness Sheikh Mohammed bin Rashid Al Maktoum meets with the Indian delegation

During the meeting, His Highness Sheikh Mohammed and Jaishankar exchanged their views on how to restore and stimulate the economies of the two countries and increase trade.

His Highness Sheikh Mohammed stressed that the UAE is keen to combat and contain COVID-19 and limit its negative effects on all sectors, most notably tourism, trade, commerce and health, as well as ensure the gradual return to normalcy.

Jaishankar commended the measures adopted by the UAE to combat the pandemic, which has made it among the leading countries that contained the virus and harnessed financial and human resources to help other countries in need of aid, especially medical supplies.

The meeting was attended by Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, Reem bint Ibrahim Al Hashemy, Minister of State for International Cooperation, and Khalifa Saeed Soliman, Director-General of the Department of Protocols and Hospitality in Dubai. The meeting was also attended by Pavan Kapoor, Indian Ambassador to the UAE, and Aman Puri, Indian Consul-General in Dubai.

Also Read: Israel Cabinet ratifies aviation, science ties with UAE

Also Read: Asian Lite Daily Digital – November 30, 2020 – UAE Pays Tribute To Martyrs

Categories
-Top News COVID-19 USA

US officials urge all to get tested after Thanksgiving

A total of 1,070,967 people were screened at airports on the day before Thanksgiving, the largest number since the pandemic broke out in March, according to the US Transportation Security Administration…reports Asian Lite News

US top health officials have called on Americans who had travelled during the recent Thanksgiving holiday to get tested for the novel coronavirus in an effort to contain its spread in the already worst-hit country.

“That may be, when you go back to where you’ve came from, if it’s possible to quarantine yourself for a period of time or even get tested to make sure that you are not bringing infection back to another place, be it another home or another family,” Xinhua news agency quoted Anthony Fauci, Director of the National Institute of Allergy and Infectious Diseases, as saying on Sunday night in an ABC News interview.

“We understand the importance of families getting together. And it’s just something that we have to deal with that we likely will have an increase in cases, as we get into the colder weeks of the winter, and as we approach the Christmas season,” he added.

Washington, Sept. 23, 2020 (Xinhua) — Anthony Fauci, director of the U.S. National Institute of Allergy and Infectious Disease, testifies during a hearing of U.S. Senate Committee on Health, Education, Labor, and Pensions in Washington, D.C., the United States, on Sept. 23, 2020. Anthony Fauci attended the hearing on Wednesday and warned of the long-term effects that disease might have on those infected. (Graeme Jennings/Pool via Xinhua/IANS)

Speaking to CBC News also on Sunday, White House coronavirus task force coordinator Deborah Birx said: “If you’re young and you gathered, you need to be tested about five to 10 days later.

“But you need to assume that you’re infected and not go near your grandparents and aunts and others without a mask.”

A total of 1,070,967 people were screened at airports on the day before Thanksgiving, the largest number since the pandemic broke out in March, according to the US Transportation Security Administration.

In the run-up to Thanksgiving, public health experts urged Americans to forego large family celebrations amid the latest surge of coronavirus infections.

In its latest update on Monday, the Johns Hopkins University revealed that the US’ current caseload and death toll stood at 13,374,162 and 266,838, respectively.

The two tallies account for the world’s highest, making the US the worst-hit country.

Also read:Kushner set to mediate Saudi-Qatar Discussions

Categories
Business Economy

India’s Port Sector In Path of Recovery: Ind-Ra

India’s port volumes are yet to recover fully from the Covid-19 pandemic-induced trends such as shortage of containers amid a demand-supply imbalance, says India Ratings and Research (Ind-Ra).

In a report on India’s logistics sector, the ratings agency said that in October 2020, India’s port volumes continued the recovery momentum with a month-on-month (MoM) increase of 5 per cent.

“While port volumes maintain the recovery momentum, they are yet to recover fully. During April-October 2020, the overall volumes fell 12 per cent YoY (year-on-year), the report added.

“The recovery in October 2020 was led by strong growth in fertilisers, coal and iron-ore volumes. Except petroleum, oil, lubricants and other liquids, all commodity volume registered growth in October 2020.

It pointed out that container freight rates remained elevated with a substantial increase of nearly 70 per cent during March-October 2020 due to the shortage of containers amid a demand-supply imbalance.

Besides, the report revealed that the port dwell time for import containers at Jawaharlal Nehru Port Trust (JNPT) witnessed a monthly improvement to 19 hours in October 2020.

“The port dwell time for export containers remained at nearly 78 hours in October 2020, it said.

The road transportation has witnessed traction with an improvement in the economic activities, the report added.

“E-way bill collection at 64 million in October 2020 grew 12 per cent MoM and 21 per cent YoY and stood 12 per cent higher than pre-Covid level, the report said.

“Average freight rates remained flat in October 2020. Diesel prices though declined to nearly Rs 70.5 per litre in October from Rs 70.6 per litre in September 2020.

In terms of railway sector, the report said the market share of this sub-segment increased in October to 22 per cent for export containers and 21 per cent for import containers, possibly due to tariff rationalisation initiatives such as discount on containers taken by Indian Railways to boost freight operations.

The air transport remained the most affected, the report added.

“Since reopening in June 2020, both domestic and international air traffic continued to sequentially improve in September 2020, the agency said.

“Domestic passenger traffic rose 40 per cent in September 2020, though was down 65 per cent YoY while international passenger traffic rose 12 per cent, though remained down 88 per cent YoY.

“Passenger load factors for domestic flights ranged from 58-73 per cent during September 2020. Freight traffic continued to improve in August. Domestic and international freight traffic was up 26 per cent and 12 per cent MoM, respectively, in September 2020.

Also Read: With negative growth in Q2, India officially enters recession

Also Read: India’s Q2 FDI inflows touch $28.10 Bn

Categories
Business Economy India News

DBS group to infuse Rs 2,500 Cr to LVB Soon

Lakshmi Vilas Bank (LVB) is now amalgamated with DBS Bank India Limited (DBIL), the wholly owned subsidiary of Singapore-based DBS Group Holdings Ltd.

In a statement on Monday, DBS Bank said that the scheme of amalgamation is under the special powers of the Government of India and Reserve Bank of India under Section 45 of the Banking Regulation Act, 1949, India, and has come into effect on 27 November, 2020.

It added that the amalgamation provides stability and better prospects to LVB’s depositors, customers and employees following a period of uncertainty. The moratorium imposed on LVB was lifted from November 27, 2020 and banking services were restored immediately with all branches, digital channels and ATMs functioning as usual.

DBS Bank

LVB customers can continue to access all banking services. The interest rates on savings bank accounts and fixed deposits are governed by the rates offered by the erstwhile LVB till further notice. All LVB employees will continue in service and are now employees of DBIL on the same terms and conditions of service as under LVB.

The DBS team is working closely with LVB colleagues to integrate LVB’s systems and network into DBS over the coming months, the statement said.

Once the integration is complete, customers will be able to access a wider range of products and services, including access to the full suite of DBS digital banking services which have won multiple global accolades, it added.

Moreover, the bank asserted that it is well-capitalised and its capital adequacy ratios (CAR) will remain above regulatory requirements even after the amalgamation.

Additionally, the DBS Group will inject Rs 2,500 crore into DBIL to support the amalgamation and for future growth. This will be fully funded from DBS Group’s existing resources.

DBS has been in India since 1994 and converted its India operations to a wholly owned subsidiary (DBIL) in March 2019.

Surojit Shome, CEO of DBS Bank India Limited, said, “The amalgamation of LVB has enabled us to provide stability to LVB’s depositors and employees. It also gives us access to a larger set of customers and cities where we do not currently have a presence. We look forward to working with our new colleagues towards being a strong banking partner to LVB’s clients.”

Also Read: India’s Q2 FDI inflows touch $28.10 Bn

Also Read: With negative growth in Q2, India officially enters recession

Categories
-Top News COVID-19 EU News

French court orders to ease Covid-19 curbs on worship

The measure took effect this weekend, which faced opposition from places of worship and the faithful such as Catholic associations, describing the government rules as “unnecessary, disproportionate and discriminatory…reports Asian Lite News

France’s highest administrative court has ordered the government to rethink a 30-person attendance limit for religious services to contain the spread of the novel coronavirus.

The measure took effect this weekend, which faced opposition from places of worship and the faithful such as Catholic associations, describing the government rules as “unnecessary, disproportionate and discriminatory”, reports Xinhua news agency.

The Council of State on Sunday ordered that French Prime Minister Jean Castex modify the measure within three days.

Paris, Sept. 4, 2020 (Xinhua) — People wearing masks walk on the Trocadero Place near the Eiffel Tower in Paris, France, Sept. 3, 2020. The French government aims to mobilize 100 billion euros (118 billion U.S. dollars) in a recovery plan “of historic size” to help the country recover from the coronavirus pandemic crisis, Prime Minister Jean Castex announced on Thursday. Ecological transition, competitiveness and social cohesion were identified as the three pillars of the plan dubbed “France Relaunch,” which Castex said was “the most massive announced to date among major European countries.” (Xinhua/Gao Jing/IANS)

On November 24, President Emmanuel Macron said that the peak of the pandemic’s second wave had passed, allowing a gradual return to normalcy.

French churches, mosques and synagogues started opening doors again to worshippers this weekend, but only a few of them.

The countrywide confinement in force since October 30 will be lifted on December 15 provided that new infections remain below 5,000 per day.

Cinemas, theatres and museums will then be allowed to reopen under strict health protocols.

France, one of the worst-hit European countries, has so far reported 2,270,573 coronavirus cases and 52,410 deaths.

Also read:Hospitalisations Decline In France

Categories
Business India News

Prannoy, Radhika Guilty of Insider Trading

https://www.youtube.com/watch?v=VzHiOvc_0d4

The Securites and Exchange Board of India (SEBI) has found Prannoy Roy and Radhika Roy, the co-founders of New Delhi Television Ltd (NDTV) guilty of insider trading.

Along with barring them from the securities market, the regulator has directed them to disgorge the amount wrongfully gained — over Rs 16.97 crore — along with 6 per cent interest per annum from April 17, 2008.

The capital market regulator had received certain complaints from NDTV alleging that one Sanjay Dutt and certain other entities, including Quantum Securities Private Limited and SAL Real Estates Private Limited were involved in dealing in securities of NDTV in violation of provisions of prohibition of insider trading regulations during the period September 2006 to June 2008.

While the investigation conducted into the matter, inter alia, revealed that Dutt and his associated entities had indulged in insider trading in the scrip of NDTV at the same time, it also concurrently detected that the co-founders Prannoy Roy and Radhika Roy have carried out insider trading in the scrip of NDTV during the period under probe.

SEBI.

Among the several instances of violation, was one when the Roys despite being insiders traded on December 26, 2007 by buying in NDTV shares during the UPSI (unpublished price sensitive information) period as the board decided to evaluate options for its reorganisation including splitting into news related businesses and investments in ‘Beyond News’ businesses which are currently held through its subsidiary, NDTV Networks Plc.

Referring to the price sensitive information, the SEBI order said: “The PSI-6 had come into existence on September 07, 2007 and it was published post trading hours on April 16, 2008. Prannoy Roy and Radhika Roy, being insiders, had traded on December 26, 2007 by buying in NDTV shares during the UPSI period relevant to PSI-6.”

The decision was made public in April 2008.

“The noticees herein, i.e., Prannoy Roy and Radhika Roy shall be restrained from accessing the securities market and further prohibited them from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, whatsoever, for a period of 2 years,” said the order.

The Roys were earlier barred from the capital markets in 2019 for a period of 2 years.

In another order, SEBI has barred former group CEO Vikramaditya Chandra and others from trading in the securities market.

Chandra has been directed to disgorge the amount of wrongful gain of Rs 66.73 lakh along with interest at the rate of 6 per cent per annum from April 17, 2008 till the date of actual payment of disgorgement amount along with interest, within 45 days from the date of coming into force of the order.

Also Read-‘There are a lot of barriers to be broken’