Connect with us

Feature

UAE honours PM Modi with highest civilian award

Published

on

New Delhi: Prime Minister Narendra Modi was honoured with the ‘Order of Zayed’, the UAE’s highest civilian award, as a mark of appreciation for his efforts to boost bilateral ties between the two nations. The award has earlier been bestowed on several world leaders, including Russian President Vladimir Putin, Queen Elizabeth II and Chinese President Xi Jinping.

“An incomparable honour reflecting our warm ties. PM Narendra Modi conferred with the prestigious ‘Order of Zayed’ by HH Crown Prince of UAE Mohammed Bin Zayed, the highest civilian honor of UAE for PM’s contribution in strengthening relations between India and UAE,” Ministry of External Affairs (MEA) spokesperson Raveesh Kumar tweeted.

Modi thanked the UAE government for the honour and dedicated the award to the skills and abilities of 1.3 billion Indians. “I am humbled to get the ‘Order of Zayed’ a while ago. This award is not for an individual but for the spirit of Indian culture and is dedicated to the skills and abilities of 1.3 billion Indians. I thank the Government of the United Arab Emirates for this honour,” he tweeted.

Ahead of Modi’s visit to the UAE, the MEA in a statement said the award in the name of Sheikh Zayed bin Sultan Al Nahyan, the founding father of the UAE, “acquires special significance as it was awarded to Prime Minister Modi in the year of the birth centenary of Sheikh Zayed”.

India and the UAE enjoy warm, close and multi-faceted relations underpinned by cultural, religious and economic linkages which, during the prime minister’s previous visit to the UAE in August 2015, stood elevated to a comprehensive strategic partnership, it said. The UAE in April had announced to confer the country’s highest award on Modi.

In a tweet in April, the Crown Prince of Abu Dhabi, Mohamed bin Zayed Al Nahyan, said, “We have historical and comprehensive strategic ties with India, reinforced by the pivotal role of my dear friend, Prime Minister Narendra Modi, who gave these relations a big boost.”

With an annual bilateral trade of about USD 60 billion, the UAE is India’s third-largest trade partner. It is also the fourth-largest exporter of crude oil for India. “A 3.3 million-strong vibrant Indian community in the UAE nourishes the vibrant people-to-people contacts between our two friendly countries,” the MEA said, adding that Modi’s visit would further strengthen the friendly bilateral ties.

 

 

Feature

Hyderabad based GVK Group reportedly under government scanner

Published

on

By

Mumbai: The GVK Group, which is in locked in a legal battle with the Adani Group on stake sale in its flagship Mumbai International Airport (MIAL), on Tuesday said it has received a notice from the corporate affairs ministry (MCA), seeking some details about the airport operator.

This comes at a time when the Hyderabad-based diversified GVK Power & Infrastructure Limited, which owns 50.5 percent stake in the MIAL, is in the process of hiking its stake in the airport arm by acquiring 23.5 per cent additional stake from Bidvest and ACSA.

The MCA notice, according to sources, is based on a whistleblower complaint to MCA with regard to alleged ‘diversion of funds’ from some of the GVK Group companies.

MCA has initiated an inspection of the books of 11 entities, which include GVK Power & Infrastructure, Mumbai International Airport, GVK Jaipur Expressway Pvt and GVK Power. It has also ordered an inspection of the books of Navi Mumbai International Airport Pvt – the under construction airport at Navi Mumbai.

These companies are located in different jurisdictions — Hyderabad, Bengaluru, Rajasthan and Mumbai — of the Registrar of Companies and MCA has sent a physical inspection letter to each of these companies, sources said.

Continue Reading

Trending