India’s Modi set to meet Obama in Washington in September: papers



NEW DELHI // Indian prime minister Narendra Modi will visit Washington to meet President Barack Obama in September, two Indian newspapers reported on Thursday, signalling a new start in ties with a leader once denied a visa by the United States.

Mr Modi, who swept to power in a general election last month, has accepted an invitation from Mr Obama for two-way talks in Washington, the Times of India and the Hindustan Times said.

The Indian foreign ministry and the US embassy both declined to comment.

Jitendra Singh, a minister in Modi’s office, said the report was speculative and suggested reporters wait for an official announcement.

US assistant secretary of state Nisha Biswal will be in New Delhi on Friday for the first set of meetings with the new administration since it took office.

She is expected to meet Foreign Minister Sushma Swaraj and it is possible that Mr Modi’s trip could be officially announced at the end of her visit.

India and the United States are keen to boost security and economic ties, with the Obama administration aiming to quintuple annual bilateral trade to US$500 billion.

Scheduling has yet to be finalised, but the summit would represent an upgrade from previous expectations that Mr Modi, 63, would meet Mr Obama on the sidelines of the annual United Nations general assembly in New York.

Indian leaders traditionally meet US president at the UN session.

However, Mr Obama invited Mr Modi to the White House during a phone call to congratulate him on his election victory on May 16.

“President Obama made a good move by inviting Narendra Modi to visit Washington and he has reciprocated by accepting the invitation,” Lisa Curtis, a South Asia specialist at The Heritage Foundation said.

Mr Modi, a former chief minister of Gujarat, had been refused a US visa over sectarian strife in the western Indian state in 2002, in which more than 1,000 people, mainly Muslims, were killed. He has denied any wrongdoing and an Indian Supreme Court inquiry found no case to answer.

The US ambassador to India met Mr Modi earlier this year, as opinion polls put his Bharatiya Janata Party (BJP) on course for an election victory.

US officials had said a visa and an invitation to meet would probably be forthcoming if Mr Modi won.

Mr Modi wants to cautiously open up the Indian economy to foreign investment to boost growth and job creation.

His government may announce as soon as next month that it will allow foreign online retailers to sell their own products in India, creating a major business opportunity for players such as Amazon.

Ms Curtis said a possible Modi visit would be an opportunity to put US-India trade ties back on track.

The two countries have sparred in recent months over trade policies and patent laws.

India is widely perceived in Washington as a serial trade offender, while US firms are unhappy about a lack of fair access to the Indian market, as well as imports of everything from shrimp to steel pipes, which they say threaten jobs.

New Delhi has urged the Obama administration not to fall prey to special interest groups and consider trade issues in the context of wider economic and strategic ties between the two.

* Reuters

THE BIG MATCH

Arsenal v Manchester City,

Sunday, Emirates Stadium, 6.30pm

The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
RACE CARD

6.30pm Mazrat Al Ruwayah – Group 2 (PA) $36,000 (Dirt) 1,600m

7.05pm Handicap (TB) $68,000 (Turf) 2,410m

7.40pm Meydan Trophy – Conditions (TB) $50,000 (T) 1,900m

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MATCH INFO

Manchester City 1 Chelsea 0
De Bruyne (70')

Man of the Match: Kevin de Bruyne (Manchester City)

THE%20SPECS
%3Cp%3EEngine%3A%204.4-litre%20twin-turbo%20V8%20hybrid%0D%3Cbr%3EPower%3A%20653hp%20at%205%2C400rpm%0D%3Cbr%3ETorque%3A%20800Nm%20at%201%2C600-5%2C000rpm%0D%3Cbr%3ETransmission%3A%208-speed%20auto%0D%3Cbr%3E0-100kph%20in%204.3sec%0D%3Cbr%3ETop%20speed%20250kph%0D%3Cbr%3EFuel%20consumption%3A%20NA%0D%3Cbr%3EOn%20sale%3A%20Q2%202023%0D%3Cbr%3EPrice%3A%20From%20Dh750%2C000%0D%3Cbr%3E%3C%2Fp%3E%0A
Gully Boy

Director: Zoya Akhtar
Producer: Excel Entertainment & Tiger Baby
Cast: Ranveer Singh, Alia Bhatt, Kalki Koechlin, Siddhant Chaturvedi​​​​​​​
Rating: 4/5 stars

Dubai Bling season three

Cast: Loujain Adada, Zeina Khoury, Farhana Bodi, Ebraheem Al Samadi, Mona Kattan, and couples Safa & Fahad Siddiqui and DJ Bliss & Danya Mohammed 

Rating: 1/5

Game Changer

Director: Shankar 

Stars: Ram Charan, Kiara Advani, Anjali, S J Suryah, Jayaram

Rating: 2/5

Hales' batting career

Tests 11; Runs 573; 100s 0; 50s 5; Avg 27.38; Best 94

ODIs 58; Runs 1,957; 100s 5; 50s 11; Avg 36.24; Best 171

T20s 52; Runs 1,456; 100s 1; 50s 7; Avg 31.65; Best 116 not out

WHAT%20IS%20THE%20LICENSING%20PROCESS%20FOR%20VARA%3F
%3Cp%3EVara%20will%20cater%20to%20three%20categories%20of%20companies%20in%20Dubai%20(except%20the%20DIFC)%3A%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20A%3A%3C%2Fstrong%3E%20Minimum%20viable%20product%20(MVP)%20applicants%20that%20are%20currently%20in%20the%20process%20of%20securing%20an%20MVP%20licence%3A%20This%20is%20a%20three-stage%20process%20starting%20with%20%5B1%5D%20a%20provisional%20permit%2C%20graduating%20to%20%5B2%5D%20preparatory%20licence%20and%20concluding%20with%20%5B3%5D%20operational%20licence.%20Applicants%20that%20are%20already%20in%20the%20MVP%20process%20will%20be%20advised%20by%20Vara%20to%20either%20continue%20within%20the%20MVP%20framework%20or%20be%20transitioned%20to%20the%20full%20market%20product%20licensing%20process.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20B%3A%3C%2Fstrong%3E%20Existing%20legacy%20virtual%20asset%20service%20providers%20prior%20to%20February%207%2C%202023%2C%20which%20are%20required%20to%20come%20under%20Vara%20supervision.%20All%20operating%20service%20proviers%20in%20Dubai%20(excluding%20the%20DIFC)%20fall%20under%20Vara%E2%80%99s%20supervision.%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECategory%20C%3A%3C%2Fstrong%3E%20New%20applicants%20seeking%20a%20Vara%20licence%20or%20existing%20applicants%20adding%20new%20activities.%20All%20applicants%20that%20do%20not%20fall%20under%20Category%20A%20or%20B%20can%20begin%20the%20application%20process%20through%20their%20current%20or%20prospective%20commercial%20licensor%20%E2%80%94%20the%20DET%20or%20Free%20Zone%20Authority%20%E2%80%94%20or%20directly%20through%20Vara%20in%20the%20instance%20that%20they%20have%20yet%20to%20determine%20the%20commercial%20operating%20zone%20in%20Dubai.%C2%A0%3C%2Fp%3E%0A
The specs: 2018 BMW R nineT Scrambler

Price, base / as tested Dh57,000

Engine 1,170cc air/oil-cooled flat twin four-stroke engine

Transmission Six-speed gearbox

Power 110hp) @ 7,750rpm

Torque 116Nm @ 6,000rpm

Fuel economy, combined 5.3L / 100km

Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
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What are NFTs?

Are non-fungible tokens a currency, asset, or a licensing instrument? Arnab Das, global market strategist EMEA at Invesco, says they are mix of all of three.

You can buy, hold and use NFTs just like US dollars and Bitcoins. “They can appreciate in value and even produce cash flows.”

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This makes NFTs closer to a piece of intellectual property such as a work of art or licence, as you can claim royalties or profit by exchanging it at a higher value later, Mr Das says. “They could provide a sustainable income stream.”

This income will depend on future demand and use, which makes NFTs difficult to value. “However, there is a credible use case for many forms of intellectual property, notably art, songs, videos,” Mr Das says.

THE SIXTH SENSE

Starring: Bruce Willis, Toni Collette, Hayley Joel Osment

Director: M. Night Shyamalan

Rating: 5/5

What can you do?

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