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India and Bangladesh Hails Bilateral Ties between Two Countries

Both sides agreed to expedite the commissioning of a joint study on the prospects of entering

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India, Bangladesh, Bilateral Ties
The seven MoUs signed between the two nations will deepen cooperation in the following areas -- water resources, youth affairs, culture, education and coastal surveillance. Pixabay

In a joint statement issued on Saturday, India and Bangladesh hailed the bilateral ties between the two countries, as they signed seven agreements including the setting up of a joint coastal surveillance system.

Prime Ministers Narendra Modi and Sheikh Hasina, while insisting on broad-based bilateral ties, emphasised on the initiatives for the development of closer maritime security partnership, and noted the progress made in the finalisation of an MoU for the establishment of a coastal surveillance radar system in Bangladesh, the joint statement said.

The seven MoUs signed between the two nations will deepen cooperation in the following areas — water resources, youth affairs, culture, education and coastal surveillance.

Both sides agreed to expedite the commissioning of a joint study on the prospects of entering a bilateral Comprehensive Economic Partnership Agreement (CEPA).

India, Bangladesh, Bilateral Ties
Prime Ministers Narendra Modi and Sheikh Hasina, while insisting on broad-based bilateral ties, emphasised on the initiatives for the development of closer maritime security partnership, and noted the progress. Pixabay

Modi also appreciated the zero-tolerance policy of Bangladesh against terrorism and commended Sheikh Hasina for her resolute efforts to ensure peace, security and stability in the region.

“Recognising that terrorism remains one of the most significant threats to peace and stability of both the countries and the region, the two Prime Ministers reiterated their strong commitment to eliminate terrorism in all its forms and manifestations, and stressed that there can be no justification whatsoever for any act of terror,” the joint statement said.

The two leaders also recognised the need for increased cooperation in defence for a more integrated and secure neighbourhood, taking into account the joint operation carried out by both forces during the Bangladesh Liberation War of December 1971.

Modi and Sheikh Hasina also agreed to expedite work towards drawing upon a $500 million Defence Line of Credit extended by India to Bangladesh. The implementation arrangements for this were finalised in April 2019.

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Through a video link, the leaders inaugurated the Bangladesh-India Professional Skill Development Institute (BIPSDI) at the Institution of Diploma Engineers Bangladesh (IDEB) in Khulna.

The leaders also signed an MoU on withdrawal of 1.82 cusec of water from the Feni river by India for the drinking water supply scheme for Sabroom town in Tripura.

They also agreed that the loss of civilian lives at the border is a matter of concern and directed the concerned border forces to enhance coordinated measures to work towards bringing such border incidents down to zero. (IANS)

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5G Carries Potential to Contribute to India’s GDP Growth by the Year 2025

AR, VR and AI will all come together to form ‘extended reality', it added

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5G, huawei
"5G is the promise of a better quality of life for all and exceptional opportunities. It will allow to adapt life to our needs," he said. VOA

A KPMG report on Monday said that 5G technology has the potential to add 0.35-0.5 per cent to India’s gross domestic product (GDP) by 2025.

The report further said that India Inc has the potential to unlock $48.69 billion (Rs 3,408 billion) in four years through the deployment of 5G.

The government has set a target of becoming a $5 trillion economy by 2024-25. In 2018-19, the Indian economy stood at $2.72 trillion.

“We estimate that the 5G contribution to annual GDP will likely be in the range of 0.35-0.5 per cent by 2025. The absolute value unlocked is expected to be highest in the retail sector, followed by finance and then the technology sector,” said the report released at the India Mobile Congress 2019.

It further said that IT will be the “most immersive, intelligent and inventive of all technologies”.

Intel
Top Intel Executive said that India needs to roll out 5G faster in order to take advantage of the economic benefits it can bring to the nation. Pixabay

“Blockchain is a technology trend that has seen wide implementation during 2019 and its applications will continue to expand beyond cryptocurrency, it said.

The survey ranked artificial intelligence (AI), augmented reality (AR)/virtual reality (VR), cognitive computing and machine learning as the top technologies that will have the highest potential to generate immersive experiences, but noted that they are nascent in terms of their evolution and adoption.

AR, VR and AI will all come together to form ‘extended reality’, it added.

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Commenting on the report, Purushothaman K.G., Partner and Sector Lead for telecom at KPMG in India, said: “The future value that will be delivered through telecom operators is not by being the provider of ‘connectivity’ but as being a trusted partner and platform provider offering value and services and experiences to customers.

“We are living in exciting times where new technologies like 5G, IoT, AI and AR/VR promise to revolutionise connectivity and unlock value by creating better, more secure and personalised experiences for everyone.” (IANS)