"We hope that India, as well as all other states -- China, Russia, France, Britain and Japan -- will diminish their economic relations with Iran," US Under Secretary of State Nicholas Burns said.
Within three trading sessions in May, foreign portfolio investors (FPIs) have pumped in Rs 9,461 crore into Indian equities. This follows net inflows worth Rs 7,936 crore in March, and Rs 11,631 crore in April. The trend, analysts said, could continue going ahead as the US Federal Reserve may soon halt its interest rate hike cycle, which will strengthen foreign fund inflows into emerging markets, including India.
Poland, which currently holds the council's rotating presidency, has listed the matter for discussion at 10 am on Friday, the diplomats were quoted as saying.
'For experienced and risk-taking investors, now may be the time to go all in.' 'By 'experienced and risk-taking', I refer to those who remained net buyers in equities during the early stages of the 2020 pandemic.' 'On the other hand, those who exited the markets during the pandemic may go the SIP way.'
'Relations between India and Japan are robust and devoid of either shadow of history or any irritant.' 'In fact, there is plenty of warmth and goodwill earned over history. There are no negatives but only opportunities,' notes Dr Rajaram Panda.
Prime Minister Narendra Modi's initial weeks in office and the composition of his national security team give a sense of his government's foreign policy and national security priorities, says Harsh V Pant
In his opening remarks at the virtual summit of the Shanghai Cooperation Organisation (SCO), Modi also said that some countries use cross-border terrorism as an instrument of their policy and the grouping must not hesitate to criticise them.
Beijing's political risks are also escalating because of a renewed wave of public anger in many parts of Balochistan against human rights abuses by Pakistani troops deployed to crush the low-intensity insurgency in the province, the report said.
The rupee depreciated by 9 paise and settled at its all-time low level of 83.13 against the US dollar on Wednesday, weighed down by a surge in crude oil prices and strong American currency. Forex traders said the Indian rupee depreciated as the US dollar rose to the highest levels in six months. Moreover, elevated crude oil prices also weighed on rupee.
'China physically occupies about 45,000 sq km of J&K as claimed by India, including 3,000 sq km captured in the 1962 War and never returned; and 5,180 sq km ceded to China by Pakistan in 1963.' 'It is hard to justify remaining silent about the return of China occupied Ladakh,' observes Ajay Shukla.
The BRICS nations on Friday underlined the need for using local currencies in international trade and financial transactions besides committing themselves to supporting rule-based open and transparent global trade. A joint statement issued at the end of the meeting of the BRICS Ministers of Foreign Affairs and International Relations, also pressed for a robust Global Financial Safety Net with a quota-based and adequately resourced International Monetary Fund (IMF) at its centre. It further said the process of IMF governance reform under the 16th General Review of Quotas, including a new quota formula as a guide, should be completed by December 15, 2023.
In recent years India-Japan relations have acquired rich economic content and strategic intents. Although the bilateral trade at $18 billion between the two countries is not very impressive and leaves much to be desired, the economic engagement between the two countries is both qualitatively and quantitatively noteworthy. India-Japan defence cooperation, however, has generated a lot interest among the strategic community in the context of rise of China. There has been a lot of speculation about India-Japan strategic partnership to hedge China, says Rup Narayan Das.
Pakistan on Thursday said Indian Defence Minister Manohar Parrikar's remarks that "terrorists have to be neutralised only through terrorists" should be a matter of concern for the region and beyond and warned of taking "appropriate measures" to safeguard its interests.
Trump has in the past expressed disappointment over China's handling of the COVID-19 pandemic. In May, he claimed that it was the 'incompetence' of Beijing that led to the mass killing across the globe.
Singh, accompanied by Army Chief Gen Manoj Pande, also carried out a comprehensive review of India's military preparedness along the Line of Actual Control (LAC) in Arunachal Pradesh and lauded the troops for guarding the border with "unwavering commitment and unparalleled courage."
Modi said New Delhi has emphasised on dialogue and diplomacy along with restraint to deal with the situation arising out of the Hamas-Israel conflict.
Until last month more than two-thirds of the Indian Army was deployed against Pakistan. Of 14 army corps, just four-and-a-half faced China, while more than twice that number was ranged against Pakistan.
'Only when China treats India as an equal can we consider them real friends.'
At the invitation of Prime Minister Narendra Modi, President Xi Jinping and PM Shehbaz Sharif will attend via video conference, the 23rd meeting of the Council of Heads meeting of the SCO on July 4.
'This is still a relatively immature defense and high-tech relationship.'
The highly-anticipated summit, which began early Tuesday, is the third engagement between Xi, 68, and Biden, 78, since February.
Gokhale will be visiting China for regular consultations, the Indian Embassy in Beijing said on Saturday.
'The leadership is confronted with an economy growing at its slowest pace in 20 years,' points out Claude Smadja.
Macroeconomic data announcements, global trends and trading activity of foreign investors would guide momentum in the equity market this week, analysts said. Markets ended a five-week losing streak and gained nearly a per cent last week, helped by a sharp rebound on Friday. Last week, the BSE benchmark jumped 500.65 points or 0.77 per cent and the Nifty gained 169.5 points or 0.87 per cent.
Economic Advisory Council to the Prime Minister (EAC-PM) chairman Bibek Debroy on Tuesday said the government was losing revenue due to the GST, which should be revenue neutral with a single rate. Speaking at an event organised by the Calcutta Chamber of Commerce in Kolkata, he however said that GST has led to a lot of simplification. "The ideal GST is one that has a single rate, and it was meant to be revenue neutral.
External, economic or ethnic, the sources of vulnerability are getting worse, and China's leaders do not have a switch to turn these off, writes Nitin Pai
Chances are any such disruption will not occur on the major shipping lanes but on some edge of the ocean between India and China. Even if there is no actual disruption, the costs of averting one can be punitive. The setting for this is provided by the energy shortage both countries face, says Subhomoy Bhattacharjee.
The Centre will invest around Rs 200 crore over five years for the exploration and development of these mines.
Secretary of State Mike Pompeo said he was taking action against an unspecified number of Chinese officials, including from the ruling Communist Party, under a US law that calls on China to let Americans visit Tibet.
'Islamic State has declared that the liberation of Islamic Xinjiang from China is an objective. Beijing may well find that Pakistan is unable to assist in any meaningful way,' says China expert Jayadeva Ranade.
The competition for the worst or most perilous 10 years has always been between the 1960s and the 1980s, points out Shekhar Gupta.
Assuming we still have a Modi-led majority government after May 2024, there is no guarantee that reforms will move at anything more than a snail's pace, though we must be thankful even for that, notes R Jagannathan.
In recent years, China has refrained from taking a public stance on the India-Pakistan ties, expressing hope for resolution of the disputes through dialogue.
Flexing its muscles over Taiwan, China on Monday sailed its aircraft carrier close to the estranged island amid tensions with the US following President-elect Donald Trump's telephone call with the Taiwanese president.
The agency had received Rs 946.51 crore to manage its affairs in the Budget Estimates for 2023-24, which was later increased to Rs 968.86 crore in the Revised Estimates.
China feels "awkward" about the 2008 Mumbai terror attack carried out by Pakistani militants and wants to address India's concerns over terrorism emanating from Pakistan in a more "constructive way", a Chinese official said in a rare criticism of the all-weather ally.
The 55 basis point (bps) spike in the US 10-year bond yield, triggered by a combination of FOMC's hawkish commentary and BOJ's relaxation of the yield control curve (YCC) has made analysts cautious on Asian equities and expect them to trade sideways in the short-to-medium term.
'Earnings will be the catalyst for markets to march higher from here on out.'
Defence Minister Rajnath Singh is likely to hold bilateral talks with his Chinese counterpart Li Shangfu on the sidelines of the SCO defence ministerial conclave in Delhi, people familiar with the matter said.
Majority of the 15 members said there should not be any statement or outcome issued after the consultations and their will prevailed, leaving China to come out and make a statement in its national capacity followed by Pakistan.
