UN Adopts Drafts on Strengthening Global Tax Cooperation

New Delhi (ABC Live): The Economic and Social Council wrapped up its two-day coordination and management segment today with the consensus adoption of a series of drafts, including on strengthening global tax cooperation.

Bolivia, on behalf of the “Group of 77” developing countries and China, introduced the first of two drafts titled “Committee of Experts on International Cooperation in Tax Matters”, dated 21 May.  The second text, submitted today by the Council’s Vice-President, was dated 13 June and reflected developments in connection with the 5 June special meeting of the Council on the topic.

By its terms, the 54-member Council noted that Committee’s decision at its ninth session to set up six subcommittees on substantial tax matters:  transfer pricing; tax treatment of services; information exchange; base erosion, profit-shifting; extractive industries taxation issues for developing countries; and negotiation of tax treaties.

It decided to continue, at its 2015 special meeting on international cooperation in tax matters, consultations on options to strengthen institutional arrangements, including on the issue of the conversion of the Committee into an intergovernmental subsidiary body of the Council.  It requested the Secretary-General to submit a report to the special meeting on such options, within existing resources and reflecting the views of Member States.

By a draft decision, the Council approved the agenda of the tenth session of the Committee and decided it would be held in Geneva from 27 to 31 October.

The Council also adopted draft resolutions titled respectively:  “United Nations Inter-Agency Task Force on the Prevention and Control of Non-communicable Diseases”; “Report of the Committee for Development Policy”; and “Follow-up to the International Conference on Financing for Development”.

Adopting two other draft decisions, the Council appointed the Permanent Representative of Uruguay to the United Nations as a member of the Ad Hoc Advisory Group on Haiti, and decided to hold the StatisticalCommission’s forty-sixth session in New York from 3 to 6 March 2015.

The representative of Belarus withdrew a draft resolution titled “The family and sustainable development” (document E/2014/L.14), saying several delegations had not worked constructively on the matter.

Also today, David O’Connor, Chief of the Policy and Analysis Branch of the Department of Economic and Social Affairs’ Division for Sustainable Development, introduced the report on “Mainstreaming of the three dimensions of sustainable development throughout the United Nations system”.

José Antonio Ocampo, Chair of the Committee for Development Policy, introduced that body’s report of its sixteenth session, held from 24 to 28 March (document E/2014/33).

Gabriella Vukovich, Vice-Chair of the Statistical Commission, introduced that organ’s report via video link on its forty-fifth session, held from 4 to 7 March.

Also speaking were representative of Germany, Republic of Korea, Cuba and Uruguay.

The Council will meet again on Monday, 23 June, to hold its humanitarian affairs segment.

Dinesh Singh Rawat says, " I feel pain after reading the drafted documents, that contribution of India was negligible whereas, India be will be effected more then else. Registering our National prospective in international platforms  should be priority area of Indian strategic communication at all possible  international platforms. In the era of information, more you explore the your prospective greater will be your participation in governing the situations in the hands."

  

China Lures Bangladesh for Creating Maritime Silk Road to Encircle India

New Delhi (ABC Live): Bangladeshi Prime Minister Sheikh Hasina Wajed on Tuesday met Chinese President Xi Jinping pledged to make joint efforts to build an economic corridor(the Maritime Silk Road) linking Bangladesh, China, India and Myanmar.

“Bangladesh is an important country along the Maritime Silk Road,” Xi said during the meeting, noting that China welcomes the Bangladeshi side’s participation in the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road, while pushing ahead with the economic corridor.

The moves will help to build a community of shared interests between China and Bangladesh, and benefit the people of the two countries and the region at large, according to the Chinese leader.

The concepts of the belt and maritime route were firstly proposed by Xi last year. The Silk Road connected China and Europe from around 100 B.C., while the Maritime Silk Road was used by Chinese merchants to transport silk, ceramics and tea to overseas markets.

Echoing Xi’s proposal on the belt and maritime route, Wajed said the four-nation economic corridor is of great significance for the development of South Asia and that her country will play an active role in its construction.

According to a joint statement, the two sides recognized that the development of the corridor would constitute an important vehicle to complement various regional connectivity initiatives and provide an important avenue for strengthening cooperation and sustainable development.

China and Bangladesh agreed to remain actively engaged towards the development of the corridor along with other countries, and expressed their hope of realizing mutually beneficial and result-oriented cooperation among the four countries, said the statement.

During the meeting, Xi said China attaches great importance to its ties with Bangladesh and regards the country as an important cooperative partner in South Asia and the Indian Ocean region.

Xi also expressed China’s support for Bangladesh’s development path and pledged to share technology and experience to reduce poverty and help spur its economy.

Bangladesh will continue to support China firmly on issues involving its core interests and major concerns, said the Bangladeshi prime minister.

Wajed is making an official visit to China from June 6 to 11 at the invitation of Chinese Premier Li Keqiang. During the visit,During Wajed’s visit, she and the Chinese premier witnessed the signing of a string of deals regarding economic and technical cooperation, feasibility study of flood prevention and management in Bangladesh, and the construction of a multi-lane road tunnel project under the River Karnaphuli.

The Chinese side pledged to encourage its companies to invest in Bangladesh and participate in the country’s development of communication, energy, transportation and infrastructure, said the statement.

Know the Maritime Silk Road

The “maritime silk road” is an attempt at re-branding for China. Now that the concept has been officially extended as far west as Sri Lanka, its connection to the “string of pearls” is obvious. China has never officially used the term “string of pearls,” which originated in a 2005 U.S. study by defense contractor Booz Allen Hamilton. Accordingly, China has somewhat lost control of the messaging. The “string of pearls” concept is often viewed a military initiative, with the aim of providing China’s navy access to a series of ports stretching from the South China Sea to the Arabian Sea. This has caused some apprehension, particularly in India, which sees itself as being encircled.

The new terminology of a “maritime silk road” allows China to discuss its strategy of investing in maritime infrastructure in ASEAN and further west. Even more interesting, the extension of the “maritime silk road” admits the existence of such a strategy, and gives China a way of clarifying its strategic goals.

China insists that its investment in regional maritime infrastructure is economically motivated — and points out that it will bring economic benefits to host countries. In the words of Foreign Ministry spokesperson Hua Chunying, China’s aim in creating the “silk road economic belt” is “integrating all the existing cooperation, especially that in the field of connectivity with neighboring and regional countries and enabling everyone to share development opportunities.”

Dinesh Singh Rawat says, " India should take its position on  Maritime Silk Road keeping in mind the its strategic relevancy of Chinese move to curtail  India to become undisputed leader of south Asia. The absence of Bangladeshi Prime Minister Sheikh Hasina Wajed at Mr. Narendra Modi oath taking ceremony in New Delhi on 26 /05/2014.

Edward Snowden Alerts US Citizens on NSA Surveillance Programs

New Delhi (ABC Live): Speaking via teleconference, former U.S. National Security Agency contractor Edward Snowden on Monday called for more public oversight of the U.S. secret surveillance practices and better online security measures to protect the public.

Snowden, who is currently living in Russia under temporary asylum, spoke to an audience of thousands at the South By Southwest Interactive Festival in Austin, Texas. This is his first public appearance to American audience since last summer.

Snowden said the NSA surveillance programs are “setting fire to the future of the Internet.”

“I took an oath to support and defend the (U.S.) Constitution and I saw that the Constitution was being violated on a massive scale,” he said, appearing on video screens with an image of the U. S. Constitution as a backdrop.

“We need public advocates. We need public oversight,” said Snowden. He accused U.S. lawmakers of “cheerleading the NSA instead of holding them to account.”

“There’s a political response that needs to occur, but there’s also a tech response that needs to occur,” said Snowden. He urged the tech companies to further tighten safeguards and called on people like the attendees at the annual festival to step up to help protect the public’s privacy.

“You guys are all the firefighters and we need you to help us fix this,” he told the audience.

Snowden’s disclosures of the NSA surveillance programs since last summer have stirred up controversy and criticism home and abroad and a foreign relations crisis with its allies for the Obama administration. The former NSA contractor is facing espionage charge for his disclosures.

Obama offered a series of proposals to change the NSA’s controversial surveillance practices earlier in January. Highlights of his proposals include pulling back part of the NSA’s bulk collection of U.S. citizens’ phone records.

Obama directed the Justice Department and the intelligence community to develop options for a new approach of the domestic phone collection without the government holding the metadata. They are expected to report back to Obama before March 28.

Source: ABC Live

India’s Pollution Responsible for Himalayas Glacier Melting

New Delhi: Increasing pollution is not only harming Kolkata’s citizens – it’s also a likely contributor to climate change taking place in the Himalayan region.

According to a 2012 report by the New Delhi-based Centre for Science and Environment on air quality in Kolkata, seven out of every ten people in the city suffer from some form of respiratory ailment: not surprisingly, traffic policemen and the city’s thousands of street dwellers are among the high risk groups.

Air pollution, particularly related to diesel fuelled vehicles that jam Kolkata’s roads, is also linked to the city’s unusually high levels of lung cancer.

Meanwhile the government’s own Central Pollution Control Board gives Kolkata and New Delhi the unenviable status of being joint winners of India’s most polluted city prize.

All this is not just bad news for people living in Kolkata and India’s other major urban conglomerations. The increasing air pollution in India’s cities – particularly those in the northern parts of the country – also has an impact on the degree of melt taking place in glaciers in the Himalayas.

Report: Security Council seat could prompt India UN climate action

Diesel fumes, along with smoke from coal burning, cooking fires and the burning of waste, are among the main sources of particulate matter called soot or black carbon. Recent studies suggest that funeral pyres and even the burning of incense at temples are also contributors to the accumulation of soot.

This black carbon rises into the atmosphere and is driven by winds on to the snow or ice in the Himalayas, darkening the surface and in the process reducing reflectivity and causing the surface to absorb more heat.

The International Centre for Integrated Mountain Development (ICIMOD), based In Kathmandu, Nepal, is the only trans-boundary organisation looking at climate developments across the Hindu Kush-Himalayan region.

According to ICIMOD estimates, black carbon is likely responsible for a large part – around 30% by some calculations – of glacial melt in the region.

It says most of the black carbon deposited in the Himalayas and in the southern area of the Tibetan Plateau comes from the plains of India, while black carbon on the eastern and northern parts of the Plateau originates in central China.

Bigger harvests

ICIMOD says that while data is limited, studies suggest black carbon may not only be a factor in hastening the melt of mountain glaciers – it could also substantially alter rainfall patters and affect the behaviour of the monsoon.

While many well-organised environmental NGOs and other groups have formed in India in recent years, the environment – and climate change – does not come high on the political agenda.

A late 2013 study by the World Bank and the International Cryosphere Climate Initiative (ICCI) said that up to a million deaths could be avoided each year in the Himalayan region by cutting back on emissions of black carbon and methane.

The study also said that regional yields of crops such as rice and wheat could be significantly improved by reducing black carbon.

“The health of people around the world will improve greatly if we reduce emissions of black carbon and methane”, says Jim Yong Kim, the World Bank president.

“Limiting these emissions will also be an important contributor to the fight against climate change.”

Republished in interest to save environment of Earth.

Source: ABC Live

World Economic Forum Selects 15 Indians As Young Global Leaders for 2014

GENEVA, March 11 (ABC Live):the World Economic Forum (WEF) announced here on Tuesday the list of 214 people from over 60 countries who were selected as the Young Global Leaders for 2014.

Among the chosen young individuals who were recognized for their leadership and service to society, half came from the private sector and half from the public sector, including academia, arts and culture, civil society, government, media and non-profit organizations, according to WEF.

With half as females, the young global leaders for 2014 included 17 individuals from East Asia, 46 from Europe, 17 from Latin America, 18 from the Middle East and North Africa, 48 from North America, 17 from South Asia and 19 from sub-Saharan Africa.
There were 14 young indian faces among the total 17 from South Asia, rest 3 are from Pakistan.

South Asia Young Global Leaders for 2014

1. Pallavi S. Aiyar Author and Journalist The Hindu and Free Lance India
2. Farhan Akhtar Film Director, Actor, Screenplay Writer, Singer, Producer and Choreographer Excel Entertainment Production House India
3. Sachin Bansal Co-Founder and Chief Executive Officer Flipkart.com India
4. Avani Davda Chief Executive Officer Tata Starbucks Limited India
5. Mohit Joshi Vice-President and Head, Financial Services and Insurance Unit, Europe Infosys Ltd India
6. Roshni Nadar Malhotra Executive Director and Chief Executive Officer HCL Corporation Ltd India
7. Vishwarupe Narain Country Head Texas Pacific Group India
8. Nandini Piramal Executive Director and Head of Human Resources Piramal Enterprises Limited (PEL) India
9. Rishad Premji Chief Strategy Officer, IT Business Wipro Limited India
10. Anoop Ratnaker Rao Chief Operating Officer Naandi Foundation India
11. Chiki Sarkar Chief Executive Officer Penguin Random House India India
12. Parmesh Shahani Head, Innovation Laboratory Godrej Industries Ltd India
13. Anurag Thakur MP & National President BJYM (BJP’s Youth Wing) India
14. Ratheesan Yoganathan Co-Founder and Group Chairman Lebara Group India
15. Sabeen Mahmud Founder T2F Pakistan
16. Ali J. Siddiqui Chief Executive Officer Mahvash and Jahangir Siddiqui Foundation Pakistan
17. Mosharraf Zaidi Founder and Campaign Director Alif Ailaan – Time to End Pakistan’s Edu

All those who made the list were chosen from over 2,000 candidates after having been evaluated according to specific criteria including their proven track record and commitment to society.

Source: ABC Live