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ASEAN Summit: PM Narendra Modi presents India as an attractive investment destination

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ASEAN Summit: PM Modi presents India as an attractive investment destination

[vc_row][vc_column][vc_column_text]Inviting ASEAN countries to ramp up investment in India, Prime Minister Narendra Modi on Monday spoke of the economic reforms undertaken in the country to boost trade and investment.

Earlier in the day, PM Modi met US President Donald Trump on the sidelines of the 31st ASEAN Summit in Manila, Philippines. Trump reportedly congratulated the Indian leader for “a lot of good reports coming out of India”.

Modi arrived in Philippines on Sunday for a three-day visit during which he will also attend the 12th East Asia meet on Tuesday.

Addressing the ASEAN meet, the PM said the task of transforming India is proceeding on an “unprecedented scale”. Speaking at the ASEAN Business Forum in Manila, the Philippines capital, the Prime Minister said most sectors of the Indian economy were opened up for foreign direct investment, adding the country’s economy is now “globally integrated.”

The trade ties between India and ASEAN are on an upswing and both sides want to further boost the trade and investment cooperation.

The ASEAN region, along with India, together comprises a combined population of 1.85 billion people, which is one fourth of the global population and their combined GDP has been estimated at over $3.8 trillion.

Investment from ASEAN to India has been over $70 billion in the last 17 years accounting for more than 17 per cent of India’s total FDI. India’s investment in ASEAN during the same period has been more than $40 billion.

Modi sought to highlight India’s economic reforms to woo investors. “The task of transforming India is proceeding on an unprecedented scale. We are working day and night to ensure good governance which includes easy, effective and transparent governance,” he said, noting that more than 90% FDI sectors are on automatic approval route.

Modi listed major economic reform measures taken by his government, including rolling out of the Goods and Services Tax (GST) and new laws and institutions for bankruptcy and insolvency proceedings. He said 1,200 out-dated laws have been repealed in the last three years as part of reform measures.

“India has climbed 30 places in the World Bank Ease of Doing Business Index this year. It is the biggest jump by any country this year and a recognition of India’s long term reform trajectory. And, the world is taking notice. We have moved up 32 places in the last two years in the Global Competitiveness Index of the World Economic Forum,” said Modi.

He said various reform measures coupled with demonetisation of high-value notes have resulted in formalising a large part of the Indian economy.

On trade with ASEAN countries, Modi said India wants to build land, sea and air connectivity to this dynamic region and that work is already on in the construction of the tri-lateral highway through Myanmar and Thailand to connect to other countries in South East Asia.

“We are working on the early conclusion of the Agreement on Maritime Transport between India and ASEAN and are exploring coastal shipping services with countries that are our immediate maritime neighbours,” he added.

“The ‘Act East’ policy of my government puts this region at the centre of our engagement. We have exceptionally good political and people-to-people relations with each and every country in the ASEAN region,” he said.

Modi said his government wants to make India a global manufacturing hub and at the same time it wants the youths of the country to be job creators and not just job seekers.

The Prime Minister said 36 “white industries” have been taken out from the requirement of environmental clearance. Incorporating a company is now just a one day affair, he said.

The PM also talked about the open auction policy for natural resources including telecom spectrum, coal mines and other minerals and even private radio channels, which he said has together contributed about $75 billion in revenue.

“Using technology, we are enhancing responsibility and reducing discretion and corruption. We are using our Unique ID system in financial transactions and taxation for this purpose and the results are already visible. These steps, coupled with demonetisation of high-value notes, have resulted in formalising a large part of our economy,” he said.

Modi said the number of new tax payers filing income tax returns has more than doubled and that digital transactions have increased by 34% in one year, as “we march towards a less-cash economy.”

“We have used technology to reach out to people. An online citizen engagement platform, MyGov has harnessed ideas, suggestions and inputs on policies and programmes from 2 million pro-active citizens,” he added.

On GST, he said it has done away with a vast range of State-level and Central-level taxes through-out India. “This is no small achievement given the vastness and diversity of our country and the federal nature of our polity,” he added.

Prime Minister Narendra Modi said a “very large part” of India’s population had no access to banking services and launch of the Jan Dhan Yojana resulted opening of 197 million bank accounts in one year, adding till August this year, 290 million such accounts have been opened in Indian banks. He said more than 146 million people are receiving direct cash subsidies through bank accounts on cooking gas alone.

“Today, the government is using Direct Benefit Transfers for 59 different schemes. Subsidies worth nearly $10 billion are being directly transferred to the bank accounts of the intended beneficiaries,” he added.

“For the first time in India, collateral-free loans have been disbursed to more than 90 million small entrepreneurs under the Mudra scheme. Very near to the population of Philippines,” the PM said.

He said India is organising an ASEAN-India Connectivity Summit in New Delhi next month with Ministers, officials and business representatives from all ASEAN countries. India is also organising an ASEAN-India Commemorative Summit of ASEAN leaders in January next year.[/vc_column_text][/vc_column][/vc_row]

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PoK protest leader seeks India’s help amid Pakistan crackdown, alleges humanitarian crisis

JAAC leader Sardar Aman Khan has appealed to India for humanitarian assistance, alleging shortages of food and medicines amid Pakistan’s crackdown on protesters in Pakistan-occupied Kashmir.

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The leader of the Joint Awami Action Committee (JAAC), Sardar Aman Khan, has appealed to India for humanitarian assistance amid the ongoing unrest in Pakistan-occupied Kashmir (PoK), claiming that the region is facing severe shortages of essential supplies following a crackdown by Pakistani authorities.

According to Khan, residents are struggling to access food and medicines as security operations against protesters continue. He also urged India to consider opening the Line of Control (LoC) to allow humanitarian assistance and provide civilians with the option of crossing into India if the situation worsens.

JAAC chief calls for humanitarian assistance

Speaking at a public gathering, Khan claimed that an economic blockade imposed after the crackdown had created serious hardships for people in the region.

In a video that has circulated widely on social media, he is heard saying that PoK residents need India’s assistance due to shortages of essential commodities.

He also appealed for the opening of crossing points along the LoC, particularly in the Poonch and Doda sectors, alleging that the ongoing restrictions had further intensified the humanitarian situation.

During the rally at Rawalakot’s Eidgah Ground, Khan asked the crowd whether they should move towards the Line of Control. The gathering repeatedly responded in support of the proposal.

He further warned that if public demands continued to be met with force, people could consider other options.

It is important to note that the authenticity of the viral video, reportedly from Khan’s June 30 rally, has not been independently verified.

Protests continue across PoK

The appeal comes as demonstrations continue across Pakistan-occupied Kashmir, where protests against the Pakistani administration have been ongoing since last month.

During a recent rally at Eidgah Ground, protesters raised slogans including “PoK is not part of Pakistan” and “We want freedom,” indicating that the movement has expanded beyond demands for reforms to include calls for independence from Pakistan’s political control over the region.

Crackdown follows ban on JAAC

The unrest intensified after Pakistani authorities banned the Joint Awami Action Committee on June 5, designating the grassroots organisation as a terrorist group.

According to a recent report by the International Centre for Peace Studies, Pakistan has historically exercised significant political control over Pakistan-occupied Kashmir and Pakistan-occupied Gilgit-Baltistan through mainstream political parties aligned with Islamabad.

The report also noted that the ruling party in Islamabad has consistently won elections in both regions, suggesting a long-standing pattern of political influence.

Meanwhile, several analysts have argued that the ongoing crisis reflects growing dissatisfaction among local residents with the regional administration, which they describe as lacking independent authority. They also contend that the ban on the JAAC and the use of force against protesters are part of broader efforts to suppress the expanding protest movement.

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Death to Trump chants heard during Ayatollah Ali Khamenei’s funeral appearance in Iran

Crowds at a funeral ceremony attended by Iran’s Supreme Leader Ayatollah Ali Khamenei chanted “Death to Trump” as regional tensions remained high following the recent Iran-Israel conflict.

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Crowds attending a funeral ceremony in Iran raised chants of “Death to Trump” as the country’s Supreme Leader, Ayatollah Ali Khamenei, made a public appearance during the event.

The slogans were heard as thousands gathered to pay tribute to those killed during the recent conflict involving Iran and Israel. The ceremony also marked one of Ayatollah Khamenei’s notable public appearances after the military escalation that had heightened tensions across the region.

Anti-US slogans raised during ceremony

Videos circulating from the funeral ceremony showed mourners chanting “Death to America” and “Death to Trump” while Ayatollah Khamenei attended the event. Such slogans have long been associated with state-backed public gatherings in Iran and were repeated during the ceremony attended by senior Iranian officials and large crowds.

The funeral was held to honour military commanders, nuclear scientists and other individuals who Iran says were killed during the recent conflict. The gathering drew thousands of people to the capital, where processions and official tributes were organised.

Public appearance after recent conflict

Ayatollah Khamenei’s appearance came after weeks of heightened tensions in the Middle East following Israeli strikes on Iranian targets and subsequent military exchanges between the two countries. The conflict also saw the United States carry out strikes on Iranian nuclear facilities, further escalating regional tensions.

The funeral ceremony was among the Supreme Leader’s most significant public appearances since the conflict, with state media extensively covering the event.

Regional tensions remain high

Relations between Iran, Israel and the United States remain strained despite the ceasefire announced following the recent hostilities. Officials from the three countries continue to exchange strong statements over the military operations and the future of Iran’s nuclear programme.

The funeral ceremony reflected the continuing anti-US and anti-Israel sentiment expressed by sections of the Iranian establishment and supporters attending the event.

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USA marks 250 years with Independence Day with nationwide celebrations

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The United States of America is observing its Independence Day on July 4 with celebrations taking place across the country. Public events, parades, concerts, and fireworks have been organized in several cities as Americans mark the nation holiday.

Large gatherings have been reported in cities including Washington D.C., New York, Boston, and Philadelphia, where thousands of people are participating in officials and community-led celebrations. Public parks, streets, and other venues have been prepared to host visitors throughout the day.

Government officials, including US President Donald Trump, extended Independence Day greetings and participated in events celebrating the occasion. Ceremonies honouring military personnel, experts, and first responders have also been held in different parts of he country.

Authorities have stepped up security arrangements at major event locations to manage large crowds. Additional police forces and emergency response teams have been posted, while officials have advised the public to follow safety instructions during the celebrations.

The holiday has also resulted in increased travel activity, with airports, highways, and railway stations experiencing heavy passenger movement. Hotels, restaurants and tourist attractions are seeing a rise in visitors as many people use the long weekend for travel and family gatherings.

Although weather conditions have disrupted a few outdoor events in some areas, most programme are continuing as scheduled. Fireworks displays are expected to take place in the evening at several locations, including major cities known for their annual Independence Day celebrations.

The nation celebrates Independence Day every July 4. It marks the adoption of the Declaration of Independence in 1776, when 13 American colonies became independent from British rule. It is one of the most important national holidays in the United States and is celebrated with parades, fireworks, official ceremonies, and community events across the country.

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