While the UK has been making consistent efforts in strengthening its ties with India following Brexit and the rapidly changing geopolitical landscape, there are many areas which have huge untapped potential with many missed opportunities. A Free Trade Agreement (FTA) was discussed in the 14th Joint Economic and Trade Committee meeting (JETCO). The British Commission said that the UK’s new Global Tariff Schedule will bring benefits of up to £40 million per year for Indian exporters if all the duties are levied. This will contribute to the UK’s pledge of an increasingly open trade upon Brexit. The UK and India must prioritise laying groundwork for an FTA in the near future. They should address issues like non-trade barriers for high skilled professionals in the UK. Despite being the second largest market for Indian tech companies for service exports, the UK has tough non-trade barriers like National Insurance that result in Indian professionals forfeiting the entire amount paid in as it requires at least ten years of contribution to gain entitlement. India should be added to the list of low-risk countries for movement of skilled workers to ensure an easy flow.
The Group CEO of UK India Business Council (UKIBC), Jayant Krishna, says: “To advance the bilateral economic partnership, UKIBC would strengthen its support to the UK and Indian industry, encouraging bilateral trade and investment. Both countries’ nominal GDP has grown to a comparable size and they are now working to overcome the economic crisis induced by the pandemic. It is a critical time for both countries as the UK readies itself for a post-Brexit world, and India establishes itself as a significant global economy.”
The UK is ranked 17th in the list of India’s trading partners, with trade in goods as $14.5 billion and in services as $7 billion. It is ranked the fourth among the largest investors in India with a cumulative equity investment of $26 billion since April 2000, with around 6% of all FDIs into India. High potential areas include healthcare, agriculture, R&D, financial services: fintech, green finance, cybersecurity and insurance.
The UK and India work together on AI for better healthcare, fintech for financial inclusion and payments solutions and cyber security to protect assets from virtual threats, with the UKIndia research partnership including 200 projects, 175 research-institutions and 100 industry-partners. This marks the beginning of a partnership to build an innovation ecosystem with regular exchange of ideas and emerging technologies, and renewed support for entrepreneurs and innovators.
India is the third largest investor in the UK (850 companies earning £48 billion, employing 105,000 people), with 1.5 million Indian diaspora in that country. The downside of Brexit is that India has seen the UK as the gateway to Europe for decades. The UK can support Indian companies by providing financial incentives and tax breaks. Meanwhile, India should reduce corporate taxes and progress in data privacy. UKIBC has suggested an approximate 3% decrease in corporate tax which will potentially make India a more attractive destination for investments as such taxation issues are eliminated.
Advanced manufacturing and engineering requires strong Intellectual Property enforcement. India needs to adopt a more liberal, fair and transparent approach to personal data protection. To achieve the vision of Ayushman Bharat, India could greatly benefit from UK in designing a regulatory framework for drug pricing which ensures the balance between pharmaceutical sustainability and affordability for Indian citizens. An underutilised UK-India partnership would be that of legal, professional and financial services for which India serves as a huge potential market. The insurance sector has a huge untapped potential for collaboration with UK. Another critical area would be mutual recognition of professional qualifications allowing knowledge exchange and mobility.
Amidst the pandemic and geo-political tensions with China, many UK companies are increasingly looking to diversify their manufacturing base out of China. While India provides highly trainable and cost-effective labour, substandard infrastructure in ports/highways/logistics, increases production costs. India has to reform its FDI policies for a hassle-free process for foreign investors.
The new UK Health and Care Visa for critical healthcare professionals from around the world, makes it much easier for health professionals to work in the UK under NHS, as they will be exempted from the annual Immigration Health Surcharge. Such policy changes make it easier for Indians to work in the UK, have access to the best of British institutions and further strengthen the UK-India dynamic by a shared ecosystem of cuttingedge technology, top talents, and R&D. Furthermore, a New Graduate Route, anticipated to commence from 2021, will allow international students to stay in the UK upon completion of their studies. This will help skilled international students to work in the UK’s skilled sector and boost its economy.
In light of emerging defence, technological and industrial priorities, and opportunities due to the changing landscape of geopolitical relationships, the bilateral military ties between India and the UK need to be reinforced. With Defence and International Security Partnership (DISP) established in November 2015, more meaningful defence dialogues about strategic convergence and threats to mutual interests will strengthen this relationship.
Focussing on defence industrial collaboration is a critical aspect of defence ties between the two countries. UKIBC has established an Aerospace and Defence Industry Group which may contribute to Aatmanirbhar Bharat as it builds an ecosystem for Indian defence manufacturing, helping achieve India’s vision of indigenous defence modernisation, in line with the 9 August announcement by the Defence Minister.
The UK could take advantage of India’s extensive industrial capacity to build scale and lower costs for a competitive edge in the exports market. The establishment of ADIG helps improve the ease of doing business in India by British defence companies. In this time of crisis, UK-India collaboration in vaccine trials and potential vaccine manufacturing (Oxford University-Serum Institute) can be a stepping stone to many opportunities in the future, as India is increasingly gaining prominence in the global economic and political map.
Rajesh Mehta is a leading International Consultant and Policy Professional. Badri Narayanan Gopalakrishnan is Founder Director of Infinite Sum Modelling, and affiliate faculty member at University of Washington, Seattle. Srujanee Mishra is a researcher at Infinite Sum Modelling.
The Daily Guardian is now on Telegram. Click here to join our channel (@thedailyguardian) and stay updated with the latest headlines.
For the latest news Download The Daily Guardian App.
Netizens divided over Deepti Sharma ‘Mankading’ England’s Charlotte Dean
Indian all-rounder Deepti Sharma’s act of’mankading’ England’s Charlotte Dean at the non-striker’s end has generated a lot of polarising reactions on social media, leaving the cricketing fraternity divided.
This was first done by Indian cricket legend Vinoo Mankad during 1947-48 during India’s tour of Australia by running out Australia’s Bill Brown at non-striker’s end, which earned it the name ‘Mankading’. Though many cricketers argue that it is against the spirit of the game, it is totally legal as per the laws of the sport.
The Indian cricketers were extremely quick in coming to the defence of Deepti.
Ravichandran Ashwin, who had run out Rajasthan Royals’ Jos Buttler during IPL 2019 in a similar manner while playing for Punjab Kings, quipped on him trending after Deepti’s act, saying that “tonight is about another bowling hero, Deepti Sharma.”
“Why the hell are you trending Ashwin? “Tonight is about another bowling hero @Deepti_Sharma06,” tweeted Ashwin.
Former Indian opener Virender Sehwag also defended the all-rounder, posting a meme and sharing the Marylebone Cricket Club (MCC) law as per which mankading is completely legal.
“It’s funny to see so many English guys being poor losers. #Runout” tweeted Sehwag.
Former Indian opener Wasim Jaffer also defended Deepti, saying that the ball comes into play when the bowler starts his run up and as a non-striker, one must have his eye on the ball.
“It’s actually quite simple. Ball comes into play when bowler activates run up. From that moment on, as a batter or non-striker, you have to keep your eyes on the ball. If you are a bit careless, the opposition will get you out. And you can get out at either end,” tweeted Jaffer.
Deepti found support from international players from other countries as well.
South African bowler Tabraiz Shamsi seemed to voice his support for Deepti, saying that batters can also learn to stay behind the line just like bowlers are forced to stay behind the line while bowling.
“I’m on no one’s side here but my opinion is that if bowlers are forced to stay behind the line while bowling due to the laws in place…. batters can learn to stay behind the line too while backing up due to the laws in place. Seems fair to me if we all just follow the laws,” tweeted Shamsi.
Former English spinner also said that though it will be questioned, but mankading is under the laws of the sport. “It would be questioned for a long time but it’s in the law of the games. You can be run out by #mankading. Bear in mind it’s in the laws of the game. #ENGvsIND,” tweeted Panesar.
By fulfilling over 650 wishes, John Sena emerges as real-life genie
Wrestler-turned-actor John Cena has officially broken the Guinness World Record for the most Make-A-Wish Foundation wishes granted with a 650 count, Guinness announced. According to The Hollywood Reporter, he is the most requested Make-A-Wish celebrity, with no other star even coming close to granting as many wishes as Cena has in the foundation’s decades-long history.
Back in 2015, when he was honoured for granting 500 wishes, the ‘Peacemaker’ actor opened up about the foundation and how much he enjoys doing what he does. “I just drop everything. If I can offer a fantastic experience, I’ll be first in line to do my part, “ Cena said at the time.
Cena has been granting wishes since 2002, a few years after he began his career as a professional wrestler. As his popularity as a 16-time world champion soared, so did children’s requests for him to grant their wishes.
Of why he continues granting kids’ wishes, Cena said, “I want them to have an experience that will stay with them forever. I don’t ever want the children or their families to be treated in a way where they feel as if they’re up against anything at all,” reported The Hollywood Reporter.
A champion WWE wrestler, Cena has made huge strides into acting, tackling profane comedies (‘Blockers’, ‘Vacation Friends’) and family comedies (‘Playing With Fire’) in equal measure, as well as adventure and action movies.
Last year, he starred in both ‘F9: The Fast Saga’ and ‘The Suicide Squad’, the latter a Warner’s DC movie that spun off his character, Peacemaker, into his own series for HBO Max.
Modern Kashmir on display: Aalaav food fest celebrates traditional dishes
A food festival named Aalaav was organised in Srinagar to celebrate traditional food and encourage more women to set up food businesses. The festival was organised by the Department of Rural Livelihood Mission of Jammu and Kashmir to celebrate traditional food and novel nutritional formulations.
Many women from the self-help groups took part in the festival. The department had invited all the women groups that earn their livelihood and give employment to other young women.
All the participants in the festival prepared and displayed famous vegetarian dishes of Jammu and Kashmir on the stalls in order to promote the self-help groups. The aim was to encourage young girls and women toward the food business and also to raise awareness for more women to set up business units in rural areas of Jammu and Kashmir.
The festival also aimed to make them aware of the schemes of the government under which they get financial assistance to set up these units to earn and provide employment.
Indu Kanwal, the Mission Director of Jammu and Kashmir Rural Livelihoods Mission, said that the festival was organised with the motive of promoting vegetarian food in Kashmir and also creating awareness among women.
Rumina, another participant, stated that having food stalls at the festival is a very profitable venture for the young girls and that more such initiatives should be implemented.
“This provides a great platform for the young girls to set up their businesses. At this festival, we are able to earn around Rs 3000–4000 from each stall, so it’s really profitable. We would want more of such festivals to be organised,” Rumina said.
Asha, the festival coordinator, talked about the food presented at the festival.
Three Rhino statues made from burnt horns stand tall at Kaziranga park
In a one-of-its-kind move, three rhino statues at the Kaziranga National Park have been created using the ashes collected from burning rhino horns. These statues were unveiled by Assam Chief Minister Himanta Biswa Sarma along with spiritual leader Sadhguru Jaggi Vasudev on Saturday during the inauguration of a three-day Chintan Shivir at Kaziranga.
On September 22, last year, the Assam government made history by igniting a stockpile of 2,479 rhino horns to send a clear message to poachers and illegal horn traders that rhino horns have no medicinal value.
The rhino statues thus created are an attempt to immortalise the efforts and dedication of those who selflessly protect Assam’s pride, the great one-horned rhinoceros.
The Assam Chief Minister, along with Sadhguru, also opened the Kaziranga National Park for tourists for this season.
The Shivir was inaugurated with the aim of drawing a roadmap for the holistic development of the state and creating a blueprint for expediting its growth as a model for all sectors.
The Chintan Shivir over three days will have elaborate discussions and deliberations involving the Chief Minister, other Cabinet ministers, senior bureaucrats of the state, bureaucrats from other states, and functionaries from the Prime Minister’s Economic Advisory Council.
Speaking on the occasion, Assam Chief Minister Sarma said that Assam was once a very flourishing state and its state GDP growth was more than the national average.
“The per capita income of the state was also more than the national average. Though the state is contributing greatly to the growth of the nation, in the last 75 years the growth of the state has not been as encouraging as it should have been,” Sarma said.
Referring to the devastation caused by the great earthquake and subsequent floods and other developments, the Chief Minister said that all these had a negative effect on the common psychology of the people. However, making a turnaround, the present state government, with the able guidance of the central government, has unleashed a series of activities which have given new momentum to the development of the state.
The government has already embarked on a journey to steer the state to a robust growth trajectory, the Chief Minister said, adding that the state government is encouraging a vision which has emerged from that sense of responsibility.
The Assam Chief Minister thanked Sadhguru for coming all the way to Kaziranga to address the Chintan Shivir.
He said Sadguru’s wisdom and his idea would really help the government to build and promote a socio-cultural-economic and academic empowerment narrative in the state to spread the fruits of development to all sections of the state.
Sadhguru also addressed the congregation at the Chintan Shivir. The Chief Minister also signed an MoU on behalf of the state government with Sadhguru, who represented Isha Foundation. The MoU signed on the ‘Save Soil Movement’ will essentially guide the state on the sustainable use of soil for agricultural practices.
The Assam Chief Minister and Sadhguru also opened the Kaziranga National Park for tourists for this season.
On this occasion, Sadhguru led a jeep safari from Mihimukh when he drove a jeep with the Chief Minister sitting alongside.
Assam Tourism Minister Jayanta Malla Baruah was also present.
Typhoon Talas smashes Japan, leaving thousands without water, electricity, two killed
Thousands of people in central Japan were without running water and electricity on Sunday after Typhoon Talas dumped record rainfall on the area, causing floods and landslides and leaving at least two people dead.
According to the AFP’s published report, the body of a man in Kakegawa city, Shizuoka region, was pulled from what remained of his house on Saturday after a landslide destroyed it.
“Another male (in neighbouring Fukuroi city) was driving to his home (Saturday) when the water level rose and his vehicle apparently stopped. While the individual tried to walk home, he was believed to have died,” a regional disaster management official said.
He stated that another man was still unaccounted for in Kawanehoncho town, Shizuoka, after his car slid into a gap that appeared in the road. He also mentioned that three other people received minor wounds.
According to the Japan Meteorological Agency, Typhoon Talas battered central Japan on Friday and Saturday as it passed by close off the Pacific coast, pouring more than 40 centimetres (16 inches) of rain in Shizuoka villages in a single day.
Before heading back out to the Pacific on Saturday morning, it was downgraded to a depression.
Up to 120,000 homes may have lost power on Saturday as a result of the storm’s heavy rains causing landslides, including in the isolated mountains of Shizuoka. This is because several electricity pylons fell and broke as a result.
According to the local firm Chubu Electric Power, 2,910 homes in Shizuoka and the neighbouring Gifu region were still without electricity as of Sunday afternoon.
“As for those areas where restoration crews are not able to reach due to blocked roads after landslides, we will make progress while analysing the conditions of the landslides,” the utility said.
Debris choked a water inlet in Shizuoka, leaving almost 55,000 homes without running water.
“Currently, we are working to remove debris from a water inlet. But for now we are unable to give any estimate as to when it can be restored,” the regional government said in a statement Sunday morning.
Typhoons regularly cause significant damage to Japan in the summer and fall.
Typhoon Nanmadol struck southwestern Japan this weekend, leaving 147 people injured and four dead.
Top opposition leaders gather at INLD rally to challenge ‘Delhi Sultanate’
Sharad Pawar, the head of the NCP, Nitish Kumar, the chief minister of Bihar, Sitaram Yechury, and Sukhbir Singh Badal, the leader of the Shiromani Akali Dal, were among the prominent opposition figures that attended the INLD’s large gathering on Sunday in Fatehabad, Haryana.
JDU leader KC Tyagi addressed the crowd and claimed that the Bihar CM has come from Patna to challenge the Delhi Sultanate at a time when eight former Congress CMs had switched to the BJP. He claimed that Kumar has no fear of the ED, the income tax, or any other organisations.
To commemorate the birth anniversary of Devi Lal, the founder of the INLD and a former deputy prime minister, a rally is being conducted.
Tejashwi Yadav, the deputy chief minister of Bihar and the head of the RJD, as well as Arvind Sawant of the Shiv Sena, also showed up at the gathering to demonstrate the unity of the opposition.
The coming together of so many regional satraps is seen as part of efforts to forge opposition unity. Kumar and RJD president Lalu Prasad are likely to meet Congress president Sonia Gandhi after the rally to take the process forward.
Veteran socialist leader Tyagi had already declared that the gathering would be historic because it would unite like-minded forces against the BJP in the run-up to the 2024 Lok Sabha elections.
Opinion2 years ago
South Block’s mistakes will now be corrected by Army
Sports2 years ago
When a bodybuilder breaks Shoaib’s record
News2 years ago
PM Modi must take governance back from babus
Spiritually Speaking2 years ago
Spiritual beings having a human experience
Legally Speaking2 years ago
Law relating to grant, rejection and cancellation of bail
News2 years ago
Chinese general ordered attack on Indian troops: US intel report
Royally Speaking2 years ago
The young royal dedicated to the heritage of Jaipur
Sports2 years ago
West Indies avoid follow-on, England increase lead to 219