This year, the US and India also celebrate the 75th anniversary of diplomatic relations, Biden said, underling that the two democracies will continue to stand together to defend the rules-based order, advance a free and open Indo-Pacific and address the challenges that the world is facing.

“As people around the world, including nearly four million (40 lakh) proud Indian-Americans, celebrate the 75th anniversary of India’s independence on August 15, the United States joins the people of India to honour its democratic journey, guided by Mahatma Gandhi’s enduring message of truth and non-violence,” Biden said in a statement.

“This year, we also celebrate the 75th anniversary of diplomatic relations between our great democracies. India and the United States are indispensable partners, and the US-India Strategic Partnership is grounded in our shared commitment to the rule of law and the promotion of human freedom and dignity,” he said.

He said the partnership between the two nations is further strengthened by the deep bonds between their people.

“The vibrant Indian-American community in the United States has made us a more innovative, inclusive, and stronger nation,” Biden said.

“I am confident that in the years ahead our two democracies will continue to stand together to defend the rules-based order; foster greater peace, prosperity and security for our people; advance a free and open Indo-Pacific; and together address the challenges we face around the world,” Biden said.

In a separate statement, US Secretary of State Antony Blinken greeted the people of India as they celebrated 75 years of independence on August 15.

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He said “strong but necessary” restrictions would not apply to the UK where 460 cases of the illness have been confirmed. “Europe saw more cases because governments failed to stop travel from China, where the COVID-19 epidemic began,” Mr Trump said in his address to the nation.

The move comes after the World Health Organization (WHO) on Wednesday called the coronavirus outbreak – which has spread to over 100 countries – a “pandemic”, issuing a grim warning that the global spread and severity of the illness was due to “alarming levels of inaction”.

Europe has faced a mounting number of cases — including a slew of new countries clocking first deaths — prompting governments to roll out increasingly tough measures to slow the rapid spread of the virus.

Hours before his official address, Mr Trump, in a series of tweets, said that “US is making a policy to prevent, detect, treat and create a vaccine against coronavirus to save lives in America and the world.”

America is the Greatest Country in the world. We have the best scientists, doctors, nurses and health care professionals. They are amazing people who do phenomenal things every day….,” he wrote in another post.
Trump asked the media to view this as a time of unity and strength and said the country must beat the “enemy of the World, the Coronavirus as quickly and safely as possible”.

The Washington on Wednesday declared a state of emergency over coronavirus. The mayor of Washington, Muriel Bowser, made the announcement as the US capital confirmed 10 cases of the infection

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MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.5 percent. Australian shares fell 1.86 percent, while Japan’s Nikkei stock index slid 1.45 percent. Yields on 10-year US Treasuries fell to a record low as investors increased bets that the Federal Reserve will follow this week’s surprise 50 basis point rate cut with further easing to prevent corporate bond spreading.

SBI share price loses 6.61% to Rs 269.25 on BSE. SBI has been asked to form a consortium and invest in YES Bank. Bank Nifty lost 4.18% to 27,565 compared to the previous close of Rs 28,815.

Benchmark indices Sensex and Nifty crashed in opening trade today inline with global equites fear of coronavirus spread gripped investors. RBI took over the management of private sector lender YES Bank which also weakened sentiment in domestic market.ds from widening further.

Tumbling yields hammered the dollar, which traded near a six-month low versus the yen and close to a two-year trough against the Swiss franc. Oil prices rose on hopes that output cuts would protect the market from an expected decline. The toll in coronavirus deaths in the United States has risen to 12 after officials confirm another fatality in Washington state. Several states announced their first positive tests, including Maryland, which has declared a state of emergency.

Vice President Mike Pence has acknowledged that the outbreak has continued to disrupt the economy and strain resources.

Maryland Gov. Larry Hogan (R) said Thursday that three positive coronavirus cases were confirmed in the state, and that the patients contracted the virus while traveling overseas. They are quarantined in their homes in Montgomery County, a suburb of about 1 million people outside Washington, DC.

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The White House has announced that Trump would join Modi at the mega Houston rally, which would be attended by more than 50,000 Indian Americans, on September 22.

“Trump joining Modi for the Howdy Modi event in Houston is a truly historic tribute to the contributions of the Indian-American community to the prosperity of our country and the strength of US-India relations,” Alice G Wells, Acting Assistant Secretary of State for South and Central Asia, tweeted on Tuesday.

Senator Ted Cruz, and a former Republican presidential aspirant said he was looking forward to welcoming Modi to Houston to celebrate the culture and contributions of the Indian-American community and the vibrant US-Indian alliance, which is critical to America’s national security and energy future.

According to Ronak D Desai, Law & Security Fellow at New America and a scholar at Harvard University’s South Asia Institute, with the partnership confronting several significant irritants now; Trump’s appearance with Modi is a welcome reminder of the importance of symbolism in US-India ties and the strong foundation underlying them.

“President Trump’s appearance with Prime Minister Modi in Houston confers tremendous political benefits to both leaders at home and abroad,” he said.

The news that President Trump will appear alongside Prime Minister Modi at Houston just weeks after the two leaders met at the G-7 is a powerful reminder that the overall foundation of the US-India strategic partnership remains strong, regardless of ongoing bilateral challenges, Desai observed.

The bipartisan consensus around the relationship remains firmly intact despite being tested in recent years. The event – like the relationship – enjoys strong, widespread support from both Democrats and Republicans alike at almost every level, he said.

“Trump’s decision to join Modi in Houston will inevitably give more fodder to their supporters and critics alike. But the joint appearance should be viewed as less about the two leaders individually than the robustness of the US-India relationship,” Desai said.

The last 15 years have illustrated over and over that while personalities matter, the strategic partnership continues to grow and evolve regardless of who occupies the White House in Washington or the Prime Minister’s residence in Delhi, he said.

Stating that Trump’s appearance with Modi in Houston is a significant win for India diplomatically, Desai noted that it will signal clear support for India at a time when New Delhi is inviting increasing scrutiny over its handling of Kashmir.

“For US president to stand along the prime minister just weeks after the revocation of Article 370 is another sign of India’s changing place in the world and Modi’s growing stature globally,” Desai said.

The Houston event – Modi’s biggest to date – makes clear that the Diaspora remains a central priority for the prime minister as his second term gets underway, he said.

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