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Vice President Inaugurates World Telugu Conference

Importance Of Mother Tongue From Childhood Emphasized

The Vice President, Mr. M. Venkaiah Naidu at the World Telugu Conference, in Hyderabad on December 15, 2017. The Governor of Andhra Pradesh and Telangana, Mr. E.S.L. Narasimhan, the Chief Minister of Telangana, Mr. Chandrashekar Rao and other dignitaries are also seen

Hyderabad: Vice President Mr. Venkaiah Naidu inaugurated the World Telugu Conference in Hyderabad on Dec 15. Speaking on the occasion, Mr. Naidu congratulated the Telangana Chief Minister, Mr. K.Chandra Sekhara Rao for organizing the celebrations after 42 years, the first conference was held during J. Vengal Rao’s time.

The Vice President said there is an urgent need to emphasize the importance of mother tongue from childhood only. Children should be told about the beauty and greatness of Telugu language and literature by parents and teachers and learn to appreciate the language, he said. Language, which developed as part of man’s efforts to express himself, differs depending on the social, economic, geographic and historic perspectives.

The Vice President said that there is ample evidence to believe that Telugu is an ancient language, and inscriptions dating back to 2nd century AD were found to be in Telugu. Various dialects of Telugu language are unique they must be encouraged, he said. For language to grow and flourish, usage is very important and efforts must be made to use Telugu in these modern times, and in the age of internet, he said.

The Vice President said that Telugu literature was very rich and great literary works like Maha Bhagavatam by Potana and Maha Bharatam translated into Telugu by Nannaya. Tikkana and Yerrana – ‘Kavitrayam’ should be introduced to children at an early age. He congratulated the Telangana Government for making Telugu a compulsory medium of instruction from the next year.

Many versatile statesmen were born in Telugu, one of whom was former Prime Minister, Shri P.V. Narasimha Rao, Mr. Naidu also said that cinema and television too have a role in preserving language. Telugu should be widely used in internet. Education and jobs should be connected to language he said. He said reservation for those who studied in Telugu should be brought in and arrangements must be made for facilitating national level examinations in Telugu, he added.

Governor of Telangana and Andhra Pradesh states, Mr. E.S.L. Narasimhan, Governor of Maharashtra, Mr. Ch. Vidya Sagar Rao, Ministers of Telangana Government, several Ministers, poets and people in huge members from both Telugu states participated in the grand opening celebrations.

(Source: PIB/GR/TYP/BIN/USPA/WN/IAIJ)

Economic Talks Herald Golden Era In UK-China Relations

The wide-ranging dialogue further strengthened the Golden Era in UK-China relations, boosting cooperation across the two countries’ strategic partnership

British / China Flags

British / China Flags

Around £1.4 billion worth of commercial deals, an agreement to accelerate the final preparations for the London-Shanghai Stock Connect initiative and new commitments to develop work on the Mutual Recognition of Funds and a bond connect, have been announced as part of the ninth UK-China Economic and Financial Dialogue (EFD) held in Beijing this weekend. And in a boost to UK businesses operating along the Belt and Road in Asia, up to £25 billion in financial support – such as loan guarantees – has also been announced.

The wide-ranging dialogue further strengthened the Golden Era in UK-China relations, successfully boosting cooperation across the two countries’ strategic partnership.

The Chancellor of the Exchequer, Philip Hammond said:

These successful talks are an example of Global Britain at its best, demonstrating that we can work with our friends and partners across the world to support jobs, businesses and prosperity. This is testament to our strong and dynamic economy, and the world class talent and expertise we have to offer.

These talks show the UK is truly open for business and we look forward to continuing the Golden Era of UK-China relations.

The Economic and Financial Dialogue involved a series of events over a two-day period, where agreements were reached on areas of trade and investment, deepening the financial services relationship, new partnerships on industrial strategy, and further ways in which the UK can partner on infrastructure initiatives.

These included:

Financial services

Final preparations for the London-Shanghai Stock Connect initiative, which will mean investors in each country will be able to trade shares listed on the other’s stock exchange, are to be accelerated. Building on this, the first steps were also taken in establishing a bond connect, with a view to opening up the bond market to mutual trading. There was also an agreement to progress Mutual Recognition of Funds work with the launch of a feasibility study, opening up China to the UK’s unrivaled asset management sector. The UK and China also engaged in deeper regulatory cooperation, including on financial stability, through the first meeting of the PBOC-Bank of England Symposium.

Belt and Road Initiative (BRI)

The EFD set out further ways in which the UK, and specifically London as a global financial centre, can partner on the Belt and Road Initiative. To showcase the expertise the UK has to offer, Douglas Flint, former Chairman of HSBC Group, was announced as the Chancellor’s City Envoy to the BRI, and a City Expert Board will be established to bring together infrastructure financing, professional and emerging market expertise. Together these initiatives will facilitate further cooperation with China and create commercial opportunities for UK firms. In support of this Standard Chartered Bank also announced its support for the BRI by committing to facilitate financing to the value of at least $20 billion by 2020.

UK Export Finance affirmed up to £25 billion capacity to support new business in BRI countries in Asia, in a boost to UK businesses selling their goods and services. The UK and China also agreed to identify specific BRIprojects to act as pathfinders for UK and Chinese collaboration, and to conduct research on mechanisms to support private sector financing of infrastructure development across the BRI. China recognises the UK’s world leading reputation in this area and greater partnership will increase global investment in UK infrastructure firms and enable them to export this expertise globally.

Trade and investment

Showing that the UK is open for business, the EFD saw a range of commercial announcements, worth around £1.4 billion. These include an agreement between Smiths Interconnect and Huafeng to establish a new joint venture working on products for High Speed Rail and commercial aviation; the establishment of UK fintech firm World First’s office and wholly foreign owned enterprise in Shanghai; and a partnership agreement between Tsinghua X-lab and Future Planet Capital to invest in innovative companies. The EFD also made substantial progress on issues which could unlock billions of pounds worth of agreements in the future. And in order to boost trade and investment and lay the foundations for a deeper future trading relationship ahead of the UK leaving the EU, the inaugural meeting of the new UK-China Trade Working Group took place. Progress was also made on implementing a reduction in tariffs on a range of food, retail and pharmaceutical goods, and the talks also built on previous EFDs in taking steps towards China lifting its ban on UK beef exports, put in place following the BSE crisis of the 90s.

Industrial Strategy

The UK and China discussed opportunities to collaborate on the UK’s new Industrial Strategy and welcomed the launch of a new UK China Science, Technology and Innovation Strategy. The UK are world leaders in innovative technologies like electric vehicles, so to build on the next generation electric vehicle package set out by the Chancellor at Budget and ensure Britain remains at the front of the pack in this market, a new collaboration was launched on zero carbon transport and Ultra Low Emission Vehicles (ULEVs). This includes cooperation on the £400 million Charging Infrastructure Investment Fund announced at the recent Autumn Budget. Discussions were also held with China’s most influential electric vehicles think tank, EV100, about collaborating more closely with Chinese automotive leaders to make it easier for UK and Chinese businesses to work together, boosting investment and creating more jobs.

Energy

The accompanying Energy Dialogue with China’s National Energy Administration saw the signing of an Action Plan to further cooperation between the UK and China on clean energy. Agreements were made between UK and Chinese businesses and research organisations to further develop renewable energy cooperation. The UK’s offshore Renewable Catapult will be linking up with TusPark Newcastle and TusWind to further offshore wind technology development between the UK and China, and UK-based engineering consultancy Mott Macdonald and the China Energy Engineering Corporation to work together in third countries on renewable energy projects.

The Exchequer Secretary to the Treasury, Andrew Jones said:

Britain is an innovative hub, home to skills and services that are in high demand around the world. We are world leaders in electric vehicle technology and working with China will enable us to export this expertise globally.

Deepening our trade and investment links will help create an UK economy fit for the future by generating new jobs and modern skills across the country.

The Economic Secretary to the Treasury, Stephen Barclay said:

The relationship between the UK and China has brought real benefits, not just for our financial districts in the City, the Bund and Financial Street, but for our businesses and people across both nations.

I’m incredibly proud of what our two countries have achieved together so far, and I’m excited to build on our growing partnership to build economies of the future.

Minister for Investment, Mark Garnier said:

The Belt and Road Initiative is an ambitious initiative that will increase opportunities for global trade and it’s only right we support British businesses in making the most of this.

We’re putting export finance at the heart of trade promotion by making up to £25 billion available for projects in these markets. The capacity will ensure that no viable company fails for a lack of funding and means they can take advantage of growing economies and secure deals that will boost the UK’s exports and safeguard jobs at home.

Vice President Of India Inaugurates World Conference On Vedas

Vedas Have Great Relevance To Humanity In Our Times: Venkaiah Naidu

The Vice President, Mr. M. Venkaiah Naidu addressing the gathering at the inauguration of World Conference on Vedas, in New Delhi on December 15, 2017

New Delhi: The Vice President of India, Mr. M. Venkaiah Naidu has said that the Vedas preach world peace, universal brotherhood and welfare of all.

Inaugurating the World Conference on Vedas, “Vishwa Ved Sammelan”, on Dec 15, he said the Vedas have great relevance to humanity. The Yajurveda mentions that the knowledge of Vedas is meant for the well-being of the entire humanity. The Vedas do not refer to any caste or community, he added.

Underlining that the Vedas are the earliest works of ancient knowledge and philosophy in India, the Vice President said our civilization, culture, thoughts and philosophy are rooted in the Vedas. He said the Vedas are the source of knowledge and guide us to advance in economic, social, educational and political fields and also in maintaining high moral and ethical standards.

The Vedic philosophy states that truth, non-violence, patience, penance and spiritual uplift are the foundations of a human life. Vedas convey the message of religious harmony, equality and nation’s progress. Quoting the Rigveda, Verse 5.60.5, Mr. Venkaiah Naidu said no individual in the society is either big or small, according to Vedas.

The Vice President said Maharishi Dayanand Saraswati, the builder of modern India and Founder of Arya Samaj, had given the message “Back to the Vedas” to the world. This has been endorsed by the renowned Orientalist, Max Mueller. Renowned philosopher and Nobel Laureate Maurice Maeterlinck had said the Vedas are the only and incomparable source of all knowledge.

(Source: PIB/GR/TYP/BIN/USPA/WN/IAIJ)

President Of India Addresses 7th Convocation Of Babasaheb Bhimrao Ambedkar University

‘Relativity Applies To Physics, Not Ethics’

The President, Mr. Ram Nath Kovind presenting the Gold Medal to a student, at the 7th Convocation of Babasaheb Ambedkar University, at Lucknow, in Uttar Pradesh on December 15, 2017. The Governor of Uttar Pradesh, Mr. Ram Naik is also seen

Lucknow: The President of India, Mr. Ram Nath Kovind, graced and addressed the 7th convocation of the Babasaheb Bhimrao Ambedkar University, Lucknow on December 15. He also inaugurated Ambedkar Bhawan on the University campus.

Speaking on the occasion, the President noted with satisfaction the rapid progress the country is making, but said we needed to do more on specific social and economic challenges as well as in the areas of science and technology. When the country moves forward, he said, every citizen benefits and gets opportunities for personal development.

The President called upon students to be entrepreneurs – becoming job creators rather than just job seekers. He advised them to follow the path of ethics and principles to attain true success in whichever walk of life they chose. He said there could be no ambiguity or scope for argument on ethics, quoting a line to say: “Relativity applies to physics, not ethics.”

The President noted that the Babasaheb Bhimrao Ambedkar University has taken various steps to highlight social concerns and provide access to the disadvantaged. It has provided for reservations for single girl children as well as students with serious ailments. It has also adopted villages near the University and worked with the local community on education and development – and connected local people to the University’s Innovators’ Club. He appreciated such efforts, calling them an example of the students’ sensitivity and sense of responsibility.

(Source: PIB/GR/TYP/BIN/USPA/WN/IAIJ)

New Phase In Golden Era For UK-China Relations

More than a billion pounds of trade and investment will be agreed at the 9th UK-China Economic and Financial Dialogue

British / China Flags

British / China Flags

The Chancellor, Philip Hammond will hold talks with Chinese Vice Premier Ma Kai, where both countries will reaffirm their commitment to developing a global partnership, establishing the next steps for a deeper trade and investment relationship as the UK builds an economy fit for the future.

The Economic and Financial Dialogue (EFD) involves a series of events over a two-day period, promoting the UK’s world-leading expertise in trade, financial services, infrastructure and energy. The Chancellor will be joined by the Governor of the Bank of England, Mark Carney, and the CEO of London Stock Exchange plc, Nikhil Rathi, along with a business delegation of high level representatives showcasing the UK’s vibrant banking, investment, and insurance industries.

The Chancellor will also meet with Chinese Premier Li Keqiang and other Chinese leaders following the recent 19th Party Congress.

The Chancellor of the Exchequer, Philip Hammond said:

The UK is one of the world’s largest and most dynamic economies. We are committed to working with our partners to build a truly global Britain, and our relationship with China is strong, growing, and delivering benefits for both countries.

As we move to a new phase in cooperation between our two great countries, we will be establishing an even deeper trade and investment relationship, helping British businesses and entrepreneurs to seize the opportunities now in front of us as we build an economy fit for the future.

The EFD will build on progress made through previous dialogues, which has included supporting the development of London as the leading offshore RMB trading hub, and Chinese participation and investment in the UK’s civil nuclear sector. It is expected to deliver agreements on increasing trade and investment including:

  • delivering on commitments to create a deeper financial services relationship and expand cooperation to innovative new areas
  • creating new partnerships on industrial strategy and economic reform to support innovation, growth and employment
  • next steps on how the UK and London, as a global financial and services centre, can partner on the Belt & Road Initiative
  • deepen expertise-sharing and cooperation on economic reform issues

The Chancellor will be accompanied by the Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, Economic Secretary to the Treasury, Stephen Barclay, Exchequer Secretary to the Treasury, Andrew Jones, and Parliamentary Under Secretary of State for investment, Mark Garnier.

Business Secretary, Greg Clark, will be holding an Energy Dialogue with China’s National Energy Administration to further cooperation between the UK and China on clean and renewable energy. He will also be promoting the UK’s modern Industrial Strategy White Paper and the opportunities it creates for new collaborations between the UK and China in the fields of research, energy, artificial intelligence and clean growth.

Business and Energy Secretary, Greg Clark said:

China is one of our largest trading partners and as two of the world’s leading economies it is vital that we work closely together to address global challenges and seize the future economic opportunities.

International research collaboration and clean growth are at the heart of our Industrial Strategy, and I will be further advancing co-operation between the UK and China on offshore technologies, where the UK leads the world, and renewable energy projects, while reaffirming our joint commitment to work together on clean energy research.

International Trade Secretary, Dr Liam Fox said:

Britain is a key partner for Chinese trade and investment, and is one of China’s most important trading partners in Europe. The growth in bilateral trade and investment – from autonomous pods providing transport solutions, to top quality schools – has seen Britain working with Chinese businesses to secure a share of one of the most vibrant markets in the world.

As an international economic department, DIT are supporting further bilateral opportunities through the UK-China Economic Financial Dialogue to build on the £16.8 billion of goods and services we already export to China.

The business delegation includes representatives from Arup, Barclays PLC, BlackRock, City of London Corporation, China Britain Business Council, Clifford Chance, Deloitte, HSBC Holdings, KPMG, Linklaters, Standard Chartered Bank, Standard Life Aberdeen, The CityUK, Virgin Money, and Eastpring Investments & Prudence Foundation.

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