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‘Brexit’ pushes back India-China financial dialogue

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 'Brexit' pushes back India-China financial dialogue

Beijing/New Delhi: Even as Finance Minister Arun Jaitley arrived in Beijing on Thursday on a five-day official visit, an important financial dialogue between India and China was pushed back to July, as interlocutors were busy monitoring the referendum developments in Britain, officials said.

According to Finance Ministry officials in New Delhi, the 8th India-China Financial Dialogue was to be held in Beijing on June 27. But a week ago, the two sides decided to defer it by a month in the wake of the referendum in Britain to stay or pull out of the European Union.

Economic Affairs Secretary Shaktikanta Das was to represent India in the bilateral dialogue.

“If Brexit happens, India is ready,” Das had tweeted earlier on Thursday. “Brexit vote today. We are closely tracking developments in UK. India well prepared,” he added, referring to the crucial vote, the results of which are expected on Friday.

Senior officials in the Finance Ministry in New Delhi and at the Indian mission in Beijing said the dialogue, in any case, is at the level of secretaries, and not ministers.

They added that all the other meetings of Jaitley while in Beijing — including an engagement with his Chinese counterpart Lou Jiwei on June 27 and interactions with investors and bankers — were on schedule.

The Finance Minister will also represent India at the first meeting of the board of governors of the Asia Infrastructure Investment Bank (AIIB) on June 25-26.

The India-China Financial Dialogue was established during the visit of Chinese Premier Wen Jiabao to India in April 2005. Thus far, seven rounds have been held — the last one in December 2014 in New Delhi.

Discussions are generally held in areas such as challenges facing the global economy, the macro-economic situation and policies in the two countries, progress on structural reforms, and the status of bilateral multilateral frameworks.

In the last round, India was represented by Dinesh Sharma, Additional Secretary in the Department of Economic Affairs, during which it was agreed that Chinese long-term investments in the Indian infrastructure sector will be encouraged, among other matters.

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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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