China's Vice Foreign Minister Li Baodong again harped on the need to build consensus over the admission of new members in the 48-member Nuclear Suppliers Group.
Modi will meet Xi at 12.30 pm (10 am IST).
External Affairs Minister S Jaishankar on Thursday conveyed to his Chinese counterpart Wang Yi the need for an early resolution of all outstanding issues along the Line of Actual Control in eastern Ladakh, and asserted that bilateral ties should be based on mutual respect, mutual sensitivity and mutual interest.
Wang arrived in Delhi on Thursday evening in the highest-level visit between the two countries after the ties came under severe strain following the military standoff in eastern Ladakh that began nearly two years ago.
According to the IMF sources, the 27-member European Union bloc had asked the Chinese for support for Lagarde.
During the meeting on the sidelines of the 11th BRICS Summit on Wednesday, prime minister Modi said there was a "new direction and new energy" in bilateral ties after the two leaders' second informal summit in Chennai.
Our technology team is very closely watching all emerging markets including BRIC countries.
Taiwan considers itself a sovereign state -- but China views the self-ruled island as a breakaway province. Beijing has not ruled out the possible use of force to achieve unification.
Finance Minister Nirmala Sitharman on Friday met her counterparts in Singapore and Canada and discussed various issues, including economy, health and opportunities for collaboration. Sitharaman met UK Chancellor of the Exchequer Rishi Sunak, Singapore Finance Minister Lawrence Wong and Canada's Deputy Prime Minister & Finance Minister Chrystia Freeland on the sidelines of the G-20 Joint Finance and Health Ministers' meeting. "Finance Minister Smt. @nsitharaman had an engaging discussion with @cafreeland Dy. Prime Minister & Finance Minister of Canada on the sidelines of #G20 Finance & Health Ministers Meeting in #Rome. The Ministers discussed various issues, including economic and health cooperation," a Finance Ministry tweet said.
In what is seen as the first sign of China's exasperation over Russia's Ukraine war, Chinese President Xi Jinping on Thursday raised 'questions and concerns' over the conflict in his meeting in Samarkand with Russian President Vladimir Putin who thanked Beijing for its 'balanced position' on the crisis.
The BRICS summit made clear that China's support for Pakistan is unwavering. China will continue to pressure India to ease tensions with Pakistan and resolve the Kashmir dispute.
So, while it is great that India's numbers look relatively good, don't raise a cheer just yet, points out T N Ninan.
The South African Health Products Authority (SAHPRA) on Wednesday approved the use of Pfizer's Comirnaty COVID-19 vaccine after BioNTech and Pfizer announced that two doses of their vaccine may not be enough to protect against the Omicron variant.
Price bands for the benchmark equity index derivatives will be same as that applicable for the existing stock index futures contracts.
Her statement comes ahead of Pakistan Prime Minister Shahid Khaqan Abbasi's address at the United Natiosn General Assembly.
Observing that the economic weight of emerging powers like China, India and Brazil gives them clout in financial and political sphere, a top United States official has said that the Obama Administration has decided to develop 'a positive-sum trajectory' with these key global players.
Experts believe that though the fastest-growing economies of China and India have suffered some moderation, they are showing much more endurance than the other two countries in the BRIC pack -- Brazil and Russia. India's GDP growth has contracted from a quarterly peak of 9.7 per cent in the fourth quarter of 2006-07 to 5.3 per cent in the third quarter of the current fiscal, pulled down by decline in manufacturing and farm production.
Earlier, Prime Minister Narendra Modi had extended an invitation to United States President Donald Trump, but he had expressed his inability citing "scheduling conflicts".
Modi emphasised that it was necessary to work together for sustained global economic recovery.
The simple truth is that BRICs are still too small to be global locomotors unless they sustain double digit growth, which they manifestly can't in the present environment. Of course, the fact that the Asian BRICs are still expected to enjoy moderate growth in 2009, is itself testimony to their resilience in the face of global recession.
Brazil and other developing nations are growing anxious about the expected withdrawal of stimulus in the United States
Asia and South America are drivers for growth in the hotel sector in the Gulf, particularly for Dubai, where demand is only limited by the number of available airline seats, senior hotel officials have said.
The government on Wednesday announced the appointment of veteran banker K V Kamath as chairperson of the newly set up Rs 20,000 crore development finance institution NaBFID to catalyse investment in the funds-starved infrastructure sector. Parliament had in March cleared the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.
Prime Minister Narendra Modi on Wednesday thanked President Vladimir Putin for Russia's help and support in India's fight against Covid-19 as the two leaders agreed to establish a "2+2 ministerial dialogue" between foreign and defence ministers to add further momentum to the bilateral strategic partnership.
'It is only when Beijing sees a country with an infirm political will such as India that it acts up as the PLA has done in eastern Ladakh.'
Amid worldwide alarm over a radiation scare in Japan following the tsunami, India and other nations from the Brazil-Russia-India-China-South Africa group on Thursday pressed for strict adherence to safety norms with regard to nuclear facilities and a proposal was floated for mutual assistance in similar incidents.
The turning point in his career was undoubtedly Nepal where he was sent as ambassador and acted with a cool head.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to a 14-year-high of 3.83 billion Swiss francs (over Rs 30,500 crore) in 2021 on a sharp surge in holdings via securities and similar instruments while customer deposits rose as well, annual data from Switzerland's central bank showed on Thursday.
The EIU said in a report on Wednesday forecast that the real GDP grew by 1.6 per cent quarter-on-quarter in India, but noted that this uptick was largely owing to base effect.
Addressing the Brazil-Russia-India-China Summit in Brasilia, he said the four countries can benefit by sharing their experiences in the field of inclusive growth.
Prime Minister Manmohan Singh left Washington on Wednesday for Brazil after attending the Nuclear Security Summit and holding talks with US President Barack Obama during which he asked him to press Pakistan to rein in Lashkar-e-Tayiba and other terror outfits targeting India.On the second leg of his 8-day two-nation tour, Singh headed to Brasilia where he would attend the India-Brazil- South Africa and the Brazil-Russia-India-China summits on Thursday and on Friday.
The Ministry of External Affairs (MEA) on Friday said Modi will lead the Indian delegation at the summit. "The prime minister will lead the Indian delegation to the 20th summit of the SCO council of heads of state which will be held in the virtual format on Nov 10. The meeting will be chaired by Russian President Vladimir Putin," MEA Spokesperson Anurag Srivastava said.
India said that "a range of issues" were discussed by the two leaders.
Modi said India's contribution to global economic growth and prosperity underlined its commitment to 'Building Consensus for Fair and Sustainable Development', which is the theme of the summit.
Narendra Modi's engagement at the upcoming BRICS Summit in Brazil will be keenly watched as the prime minister will interact with some of the world's most powerful leaders. The summit to be held in Fortaleza will also see the launch of the significant BRICS bank whose idea was mooted by India. Rediff.com's Sheela Bhatt gives a lowdown on Modi's first major international rendezvous.
India maintained 43rd rank on an annual World Competitiveness Index compiled by the Institute for Management Development (IMD) that examined the impact of COVID-19 on economies around the world this year. The 64-nation list was led by Switzerland, while Sweden has moved up to the second position (from sixth last year), Denmark has lost one place to rank third, the Netherlands has retained its fourth place and Singapore has slipped to the fifth place (from first in 2020). At eighth, Taiwan reached the top-10 for the first time since the ranking began 33 years ago (moving up from 11th last year).
'If the Chinese were keen to mend fences with India, they would merely have to withdraw their troops in Eastern Ladakh.' 'They have not done so and they have not said that they will do so.'
India and China on Monday ended their standoff in Dokalam by withdrawing their troops from the area, just days before Prime Minister Narendra Modi's visit to China to attend the BRICS summit next week.
Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.
John Chambers said India may become top BRICS nation under Modi
