Archive for the ‘US’ Category

Obama in India: Day 3: Supports India as permanent member of UNSC, criticises India for being too soft on Burma

November 8, 2010

Sify NewsLauding India’s growing role in global bodies, US President Barack Obama Monday said the US welcomed India as it prepared for a permanent seat in the UN Security Council. ‘We welcome India as it prepares to take a seat at the United Nations Security Council,’ said Obama in an address to members of the two houses of parliament. “That is why I can say today-in the years ahead, I look forward to a reformed UN Security Council that includes India as a permanent member,’ he said to loud applause from over 780 MPs.

 

Houses of Parliament, Delhi: image indiareport.com

 

Hindustan Times: ‘Bahut dhanyavad’. This is how US president Barack Obama thanked people of India for the warm welcome and hospitality he and American First Lady Michelle Obama received during their India visit. The ‘thank you’ in Hindi during his 35-minute address at the Central Hall of Parliament was received by thunderous applause by the law makers which included Prime Minister Manmohan Singh, UPA Chairperson Sonia Gandhi and top BJP leader LK Advani.

“At every stop, we have been welcomed with the hospitality for which Indians have always been known.  So to you and the people of India, on behalf of me, Michelle and the American people, please accept our deepest thanks. Bahut dhanyavad,” he said. The American President wound up his speech by saying ‘Jai Hind’ which was also received by the MPs with cheers.

AFP: US President Barack Obama criticised India on Monday for failing to condemn rights abuses in Myanmar, saying democracies with global aspirations could not ignore “gross violations” in other countries. “When peaceful democratic movements are suppressed, as they have been in Burma (Myanmar), then the democracies of the world cannot remain silent,” Obama said in an address to the Indian parliament. “Faced with such gross violations of human rights, it is the responsibility of the international community, especially leaders like the United States and India, to condemn it,” he said. “If I can be frank, in international fora, India has often shied away from these issues,” he added.

Earlier in his speech, Obama had, to sustained applause, given his backing to India’s push for a permanent seat on the United Nations Security Council.

Times of IndiaThe United States and India on Monday signed six agreements besides a plethora of business deals inked separately during US President Barack Obama’s trip to India.

  1. India-US agreement to set up a joint Clean Energy Research and Development Centre. It will be backed by 50 million dollars by both sides over five years and work to complete joint research in solar, biofuels and energy efficiency.
  2. Memorandum of Understanding (MOU) for a Global Centre for Nuclear Energy Partnership. US will cooperate in India’s plans for a nuclear centre, to promote nuclear security and address threats of nuclear terrorism.
  3. MOU to establish an India-US Energy Cooperation Programme. It will mobilise private sector expertise and resources to address clean energy-related issues in India and the US.
  4. Agreement on technical cooperation to study India’s annual monsoon rains. Cooperation on weather forecasting for India’s crucial annual monsoon.
  5. MOU between India and the US on shale gas resources which will see US technology used to assess shale gas resources in India.
  6. MOU on establishing and operating a Global Disease Detection Centre in India, which will set up a laboratory in New Delhi designed to prevent the spread of infectious diseases.

Hindustan TimesIndia and the United States will set up a $10 billion infrastructure debt fund to help develop India’s physical and social infrastructure, Commerce and Industry Minister Anand Sharma said on Monday. “The Governments of India and the United States have agreed in principle to set up the fund on the recommendation of the India-US CEO Forum,” Sharma told reporters on the sidelines of a conference organised by the Confederation of Indian Industry and the US-India Business Council in New Delhi. Sharma said India planned to invest $1 trillion in the infrastructure sector in the next five years and a substantial part of the investment would come from the private sector and overseas investment.

Obama in India: Day2: Networking aplenty but no new contracts announced today

November 7, 2010

Plenty of activity and a full schedule for President and Mrs Obama in Mumbai and Delhi today. There were no new announcements of any agreements or any business deals but no doubt these will be saved up for the final, ritual press conference.

Fielding questions from students on issues ranging from Pakistan to jehad, establishing an e-connect with farmers and breaking into an impromptu jig, US President Barack Obama got into the groove in more ways than one as he ended the first leg of his India visit here before heading for New Delhi Sunday afternoon. Obama took on a host of sharp questions from eager students at the St Xavier’s College this morning in Mumbai.

Obama met hundreds of American and Indian business leaders yesterday at the USIBC event. “India is the United States’ 12th largest trading partner. It could be number one or two if the conditions for trade between these two giant economies continue to improve,” said The McGraw-Hill Companies Chairman and CEO Harold Terry McGraw III, who is also the Chairman of the US-India Business Council (USIBC). Along with the USIBC Chairman, the meeting was attended by GE CEO Jeff Immelt, PepsiCo CEO Indra Nooyi, Honeywell Chairman David Cote, Reliance Industries Ltd Chairman Mukesh Ambani and Bharti Enterprises Vice Chairman Rajan Bharti Mittal.

Having mixed serious business with interactions with schoolchildren and a town hall-style meeting at St Xavier’s College, U.S. President Barack Obama and First Lady Michelle Obama began the second leg of their Indian trip in New Delhi.

President Obama has now arrived in Delhi where he was met at the airport by the Prime Minister.

 

Humayun's Tomb, Delhi: tripadvisor.com

 

It was as close to the slum-dog moment as the Obamas could get in their India tour. The US President Barack Obama and First Lady Michelle Obama met with 16 children of labourers at  Humayun’s tomb in New Delhi today. The children, aged between five and seven, do not go to a regular school because they are too poor. They receive informal education due to the voluntary efforts of Mr K.K. Mohammad, the Superintendent of the Archaeological Survey of India who has taken upon himself to get some basic literacy tools to these kids. At Humayun’s tomb, the children attired in uniforms of checked shirt and shorts spoke in Hindi to the U.S. President and the First Lady. They had small slate tablets in their hands and scribbled with white chalk on those tablets were the words “Welcome to India, Obamajee”. The President spoke to one eight-year-old Vishal, whose father Ram Das is a restoration worker at the Humayun’s tomb.

On the eve of their formal talks, Prime Minister Manmohan Singh and US President Barack Obama had a meeting in New Delhi on Sunday during which the two leaders are understood to have taken stock of bilateral ties and ways to push these to higher levels of strategic partnership.  Singh and Obama had a one-on-one meeting for about 25 minutes before the private dinner hosted by the Prime Minister for the visiting leader and his wife Michelle at his 7, Race Course Road residence.

Obama in India: day 1: 10 billion $ of contracts worth 54,000 jobs in US

November 6, 2010

Reuters:

President Barack Obama announced $10 billion in business deals on Saturday as he arrived in India to boost U.S. exports and jobs after a mauling in mid-term polls, but he ran into immediate controversy over Pakistan. Obama flew into Mumbai, India’s financial hub, and announced the United States would also relax export controls over sensitive technology, a demand of India’s that will help deepen U.S. ties with the emerging global power and its trillion dollar economy.

Obama’s first act was to pay tribute to victims of the 2008 Mumbai attacks, but he was criticized for making no reference to India’s traditional foe Pakistan, which New Delhi blames for harboring anti-India militants. Pakistan-based militants killed 166 people in a 60-hour rampage through India’s financial hub, gunning down their victims at luxury hotels, a train station and a Jewish center. India says elements in the Pakistan state were behind the attacks.

But Obama’s trip is also about business, with China now ahead of the United States in trade with India. The $10 billion in deals will support 54,000 jobs in the United States, White House aide Michael Froman said. The White House also announced Obama would support India’s membership of four global non-proliferation organizations, a move that will reassure New Delhi — left out of these groups after its 1998 nuclear tests — that Washington is recognizing its global clout.

He spends the night at the The Taj Hotel and flies to Delhi tomorrow afternoon. I expect a few more contracts to be settled with the 215 strong corporate leaders who make up the accompanying business delegation.

Obama travels to India looking to boost US jobs

November 6, 2010

The Times of India carries a smug story about President Obama’s visit to India which starts today:

President Barack Obama hasn’t been able to drive down unemployment in America, so he’s coming to India in search of US jobs. Four days after his party suffered heavy, economy-influenced losses in Congress, the president will arrive Saturday in Mumbai, India’s booming financial center, where he will meet with local business leaders and with American executives who have traveled to India in search of billions of dollars in trade deals.

The White House hopes to announce agreements on aircraft and other exports. The administration says that jobs and the US economy are the focus of Obama’s 10-day Asia trip, a message aimed at inoculating him against any criticism that he is concentrating on foreign affairs while Americans are suffering with unemployment at 9.6 percent. He left Washington shortly after the government reported the economy added 151,000 jobs in October but still not enough to lower the jobless rate.

Obama will be speaking to a gathering of Indian and American chief executives on Saturday, and he’s expected to announce the completion of job-producing commercial deals. The US has been looking for India to finalize purchases of Boeing aircraft and marine engines produced by Caterpillar, among other exports. However, serious disagreements remain, and they appear unlikely to be resolved during Obama’s visit.

President Obama will arrive in New Delhi with his largest business delegation ever to a country. The 215-member team of US business leaders will be looking to deepen commercial ties with India. Mr Obama will also address India’s Parliament – only the second US president to do so after Bill Clinton. India is hoping for an announcement on the lifting of nuclear curbs during the visit. New Delhi has long lobbied for Washington to allow the sale of sensitive technology that was denied to the country after it conducted a nuclear test.

 

Taj Hotel, Mumbai: Wikimedia Commons

 

The US wish list includes Defence agreements worth $ 12 billion among contracts creating upto 60,000 jobs in the US, verification processes for Indian nuclear plants and Indian promises for more market access.

On Saturday night President Obama will stay at the Taj Hotel in Mumbai which was the target of the terror attack on 26th November 2008 where 173 people were killed. India will be looking for the US support for Pakistan to be less forgiving of the terrorist training camps in Pakistan.

US wind power installations down by 72%

November 1, 2010

The New York Times

 

broken wind turbine: image thetechherald.com

 

In July, the American Wind Energy Association reported that it was having a lousy year. It appears the third quarter of 2010 wasn’t much better.

According to an analysis released on Friday, the trade group reports having its slowest quarter since 2007, adding just 395 megawatts of wind power capacity. For the year to date, new installations were down 72 percent.

Natural gas, the chief fossil-fuel competitor to renewable sources of electricity, is also dirt cheap these days, making wind power a tougher sell for cost-conscious utilities and state regulators. Despite lots of talk on Capitol Hill about the hazards of fossil fuels, their contribution to climate change and the need for broad, long-term supports for the renewables industry, legislators have failed to reach agreement on what that might look like.

But then the lobbying  gets going

“If federal policymakers do not act quickly to provide investment certainty through a Renewable Electricity Standard, and longer-term tax policy like our competitors enjoy,” Denise Bode, the chief executive of the wind association, said in a prepared statement, “the U.S. wind industry will continue to stall out.”

Elizabeth Salerno, director of industry data and analysis with the American Wind Energy Association, said in a phone call that state-level policies have helped. Roughly 30 states have mandatory targets for diversifying their energy portfolios with more renewable power. “They’ve been doing a great job leading the effort to get renewables installed over the past decade,” Ms. Salerno said.

The trade group reported some interesting developments — including Oregon’s emergence as the leader in new wind installations for the third quarter, eclipsing Texas, which has long held the top slot. The reason, the group suggests, is that Texas has hit a transmission wall and is trying to sort out how to get its west Texas wind resources to the load centers in the center of the state.