Modi meets CEOs at WEF, IMF reaffirms India's growth story | WeForNews | Latest News, Blogs Modi meets CEOs at WEF, IMF reaffirms India’s growth story – WeForNews | Latest News, Blogs
Connect with us

World

Modi meets CEOs at WEF, IMF reaffirms India’s growth story

Published

on

The Prime Minister, Shri Narendra Modi with the President of the Swiss Confederation, Mr. Alain Berset, in Davos.

Davos, Jan 23: Prime Minister Narendra Modi on Monday held a round table meeting with the CEOs of top global companies before his keynote address at the plenary session of the World Economic Forum (WEF) here on Tuesday morning.

India also got a thumbs up from the International Monetary Fund (IMF) on Monday, which reaffirmed that India’s economy is projected to grow by 7.4 per cent in the next fiscal year.

“Narrating India’s growth story and presenting exciting opportunities for global business in India at #Davos, PM @narendramodi hosted a roundtable meeting with CEOs of top global companies,” Ministry of External Affairs said in a tweet.

Mahindra Group Chairman Anand Mahindra, who had also participated at the meet, tweeted: “Let me add my compliments to you all. You did us proud with your world-beating organizational skills. Every global CEO was floored by the personal touches in your hospitality. I am proud to be on the board of Invest India.”

“In addition to listening to PM keynote address at the plenary session, participating and speaking in several sessions I look forward to joining the Yoga classes on the Alps early morning ! India’s soft power is on full display at World Economic Forum,” Amitabh Kant, CEO, NITI Aayog tweeted.

The IMF reaffirmed that India’s economy is projected to grow by 7.4 per cent in the next fiscal year, regaining the rank of the world’s fastest-growing large economy as China slows down.

Like India’s improving economic performance, the global economy was also on the uptick, estimated to have grown by 3.7 per cent last year and forecast to grow this year and the next by 3.9 per cent, according to the Fund’s World Economic Outlook Update.

At the release of the Update in Davos, IMF head Christine Lagarde said that for the world economy, “all signs point to a further strengthening both this year and next,” but cautioned that “complacency would be a mistake.”

Earlier on Monday, Modi held a bilateral meeting with Swiss President Alain Berset who greeted the prime minister with a warm handshake in this town in the Swiss Alps before leading the Indian leader to the meeting.

“On reaching Davos, held talks with the President of the Swiss Confederation, Alain Berset. We reviewed the scope of our bilateral cooperation and discussed ways to deepen it even further,” Modi tweeted.

This is Modi’s second visit to Switzerland in nearly two years after his visit in June 2016.

Modi is the first Prime Minister from India to participate in a forum meeting in two decades after the then Prime Minister H.D. Deve Gowda in 1997.

He will interact with 120 members of the International Business Council, which is a part of the WEF.

Modi, in the course of his 24-hour visit to Davos, is also scheduled to hold a bilateral meeting with Sweden Prime Minister Stefan Lofven on Tuesday.

IANS

Disaster

Earthquake – Magnitude 4.8 in Pakistan

Published

on

Earthquake Strong

An earthquake of magnitude 4.8 on the Richter scale occurred at 4:14 am today in Pakistan: National Center for Seismology

Continue Reading

World

Pakistani PM Imran Khan writes to Facebook CEO seeking ban on Islamophobic content

Published

on

Imran Khan Pakistan PM

ISLAMABAD: Pakistan’s prime minister has written a letter to Facebook CEO Mark Zuckerberg seeking a ban on Islamophobic content on the site, warning of an increase in radicalisisation amongst Muslims, the government said on Sunday.

In the letter, shared by the Pakistani government on Twitter, Imran Khan said that “growing Islamophobia” is encouraging extremism and violence across the world — especially through social media platforms such as Facebook.

“I would ask you to place a similar ban on Islamophobia and hate against Islam for Facebook that you have put in place for the Holocaust,” Khan said.

Facebook said this month it was updating its hate speech policy to ban any content that denied or distorted the Holocaust.

Facebook did not immediately reply to Reuters’ request for comment on Khan’s letter.

“One cannot send a message that while hate messages against some are unacceptable, these are acceptable against others,” Khan said, adding that this was “reflective of prejudice and bias that will encourage further radicalisation”.

Khan in his letter made reference to the situation in France, where, he said, Islam was being associated with terrorism.

Earlier on Sunday, Khan said that French President Emmanuel Macron had “attacked Islam” by encouraging the display of cartoons depicting the Prophet Mohammad.

Khan’s comments came after Macron paid tribute to a French history teacher beheaded by an Islamist radical who wanted to avenge the use of cartoons depicting the Prophet Mohammad in a class on freedom of expression.

Continue Reading

Election

Putin rejects Donald Trump’s criticism of Biden family business

Published

on

Joe Biden Family

MOSCOW: Russian President Vladimir Putin said on Sunday that he saw nothing criminal in Hunter Biden’s past business ties with Ukraine or Russia, marking out his disagreement with one of Donald Trump’s attack lines in the U.S. presidential election.

Putin was responding to comments made by Trump during televised debates with Democratic challenger Joe Biden ahead of the Nov. 3 election.

Trump, who is trailing in opinion polls, has used the debates to make accusations that Biden and his son Hunter engaged in unethical practices in Ukraine. No evidence has been verified to support the allegations, and Joe Biden has called them false and discredited.

Putin, who has praised Trump in the past for saying he wanted better ties with Moscow, has said Russia will work with any U.S. leader, while noting what he called Joe Biden’s “sharp anti-Russian rhetoric”.

Putin appeared less friendly towards Trump in remarks broadcast by Russian state TV on Sunday. In what may be seen by some analysts as an attempt to try to curry favour with the Biden camp, he took the time to knock down what he made clear he regarded as false allegations from Trump about the Bidens.

“Yes, in Ukraine he (Hunter Biden) had or maybe still has a business, I don’t know. It doesn’t concern us. It concerns the Americans and the Ukrainians,” said Putin.

“But well yes he had at least one company, which he practically headed up, and judging from everything he made good money. I don’t see anything criminal about this, at least we don’t know anything about this (being criminal).”

Putin also reacted with visible irritation when asked about comments Trump has made concerning Putin’s ties to the former mayor of Moscow, and to an alleged payment made to Hunter Biden by the ex-mayor’s widow. Putin said he knew nothing about the existence of any commercial relationship between Hunter and the woman. Joe Biden says the accusation about his son is not true.

U.S. intelligence agencies concluded that Russia tried to interfere in the 2016 U.S. presidential election to tilt the contest in Trump’s favour, an allegation Moscow has denied.

Russia has also dismissed accusations by U.S. intelligence agencies of trying to interfere with this year’s election too.

Continue Reading

Most Popular

Corona Virus (COVID-19) Live Data

COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization.