Indian delegation holds talks with key entities in UAE on IME Economic Corridor
Dubai (PTI): An inter-ministerial Indian delegation on the framework agreement on the India-Middle East-Europe Economic Corridor (IMEEC) has visited the UAE for the first time to hold discussions with the key entities there on cooperation for the empowerment and operation of the strategically vital project.
The visit, which took place within three months of signing the Agreement, reflects the importance both governments attach to the IMEEC project, a press statement by the Embassy of India, Abu Dhabi said.
The Corridor will provide effective alternate supply routes generating efficiencies and reducing costs. Both sides agreed to continue discussions for early implementation of the Agreement, it said.
"India Middle East Europe Corridor (IMEEC) takes shape with the 1st visit of an Indian Inter-Ministerial Delegation to the UAE for the India-UAE Intergovernmental Framework Agreement on IMEEC. Amb @sunjaysudhir led the discussions with key UAE entities like @DPWorldUAE, @ADPortsGroup @CUSTOMSUAE," the Indian mission posted on X.
The IMEEC will comprise two separate corridors, the east corridor connecting India to the Gulf and the northern corridor connecting the Gulf to Europe.
The corridor will provide a reliable and cost-effective cross-border ship-to-rail transit network to supplement existing maritime routes. It intends to increase efficiency, reduce costs, secure regional supply chains, increase trade accessibility, enhance economic cooperation, generate jobs and lower greenhouse gas emissions, resulting in a transformative integration of Asia, Europe and the Middle East (West Asia).
The IMEC corridor, which aims at integration of Asia, Europe and the Middle East involves multiple stakeholders and is at an incipient stage, the Ministry of External Affairs said in February this year.
The visit by the Indian delegation to hold meetings under the Framework Agreement between India and the United Arab Emirates (UAE) concerning cooperation for the empowerment and operation of the India-Middle East-Europe Economic Corridor (IMEEC) to the UAE took place from May 15 to 17, the statement said.
The Framework Agreement was signed between India and the UAE on February 13 in the presence of Prime Minister Narendra Modi and President of the UAE Mohammed bin Zayed Al Nahyan in Abu Dhabi.
The Agreement provides for cooperation towards developing the IMEEC and exploring potential joint investment and technical collaboration towards this objective.
The Indian delegation comprised senior officials from the Ministry of Shipping, Ports & Waterways, Ministry of Commerce and Industry, Central Board of Excise and Customs and Deendayal Upadhyay Port, Kandla. They visited Khalifa Port, Fujairah Port and Jebel Ali Port where they held detailed discussions with the respective Port authorities for facilitating the movement of goods between India and the UAE and beyond.
They also held meetings with UAE Customs Authorities.
India Middle East Europe Corridor (IMEEC) takes shape with the 1st visit of 🇮🇳n Inter-Ministerial Delegation to 🇦🇪 for 🇮🇳 🇦🇪 Intergovernmental Framework Agreement on IMEEC. Amb @sunjaysudhir led the discussions with key UAE entities like @DPWorldUAE @ADPortsGroup @CUSTOMSUAE. pic.twitter.com/njEjrQHdbS
— India in UAE (@IndembAbuDhabi) May 17, 2024
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BJP tops list of national parties with over Rs 2,243 crore in donations in FY 2023-24: ADR
New Delhi, Apr 7 (PTI): The BJP received the highest amount in large donations among national parties in the financial year 2023-24, with over Rs 2,243 crore declared from 8,358 donations, according to a report by poll rights body the Association for Democratic Reforms (ADR).
The report, based on data submitted to the Election Commission, highlighted trends in political donations above Rs 20,000.
The total declared donations to national parties stood at Rs 2,544.28 crore from 12,547 contributions — a sharp 199 per cent increase compared to the previous year.
BJP's declared donations alone accounted for 88 per cent of the total. The Congress was a very distant second with Rs 281.48 crore from 1,994 donations.
The Aam Aadmi Party (AAP), Communist Party of India (Marxist), and National People's Party (NPEP) reported smaller amounts, while the Bahujan Samaj Party (BSP) once again declared zero donations above the Rs 20,000 threshold, consistent with its filings for the past 18 years.
Donations to the BJP increased from Rs 719.858 crore in FY 2022-23 to Rs 2,243.94 crore in FY 2023-24, marking a 211.72 per cent increase. Similarly, donations to the Congress rose from Rs 79.924 crore in FY 2022-23 to Rs 281.48 crore in FY 2023-24, reflecting a 252.18 per cent increase, the report said.
Over the same period, donations declared by the AAP decreased by 70.18 per cent or Rs 26.038 crore, while donations declared by NPEP decreased by 98.02 per cent or Rs 7.331 crore, it said
Despite the ECI's deadline of September 30, 2024, only BSP and AAP submitted their contribution reports on time. BJP submitted its report with a 42-day delay, followed by CPI(M), INC, and NPEP, which submitted it 43, 27, and 23 days late.
The report said 3,755 donations to the national parties were made by corporate/business sectors amounting to Rs 2,262.55 crore (88.92 per cent of total donations), while 8,493 individual donors donated Rs 270.872 crore (10.64 per cent of total donations) in FY 2023-24.
The report said that 3,478 of these donations were made to BJP (Rs 2,064.58 crore). The party received Rs 169.126 crore through 4,628 individual donors in FY 2023-24.
"The Congress received a total of Rs 190.3263 cr via 102 donations from corporate/business sectors and Rs 90.899 cr via 1,882 individual donors during FY 2023-24," it said.
The ADR said BJP at Rs 2064.58 crore received more than nine times the total amount (Rs 197.97 crore) of all corporate donations declared by all other national parties for FY 2023-24.
Prudent Electoral Trust donated a total of Rs 880 crore to BJP and INC together and is the top donor to parties that received the maximum donations.
The Trust donated Rs 723.675 crore to the BJP (32.25 per cent of total funds received by the party) and Rs 156.4025 crore to the INC (55.56 per cent of total funds received by the party).
Triumph Electoral Trust donated Rs 127.50 crore in four donations to the BJP, and Derive Investments donated Rs 50 crore to it and Rs 3.20 crore to the Congress.
Acme Solar Energy Pvt Ltd donated Rs 51 crore through five donations, Bharat Biotech International Limited donated Rs 50 crore in a single donation, Rungta Sons Private Limited donated Rs 50 crore through a single donation, and Dinesh Chandra R Agarwal Infracon Pvt Ltd donated Rs 30 crore through a single donation to BJP in FY 2023-24, the report said.
ADR observed that Prudent Electoral Trust's report declared contributing 31 donations worth Rs 723.78 crore to BJP, however, the party in its report declared receiving 30 donations worth Rs 723.675 crore.
According to the Jaybharath Electoral Trust report for FY 2023-24, it donated Rs 5 crore to the BJP. However, the contribution report of BJP for the same financial year does not mention this contribution, ADR said.
ADR recommended stringent enforcement of disclosure norms, including the rejection of incomplete reports and mandatory PAN details for all donations above Rs 20,000.
It also called for annual scrutiny of party donation reports by the Central Board of Direct Taxes (CBDT) and advocated for making donor details publicly accessible under the Right to Information Act.
It urged the Election Commission to publish information on action taken against parties failing to meet disclosure standards and pushed for the creation of an online platform to track report submissions and transparency.
