Terrorism, trade and South China Sea dispute are expected to dominate discussions at the 13th ASEAN-India Summit likely to begin later today with Prime Minister Narendra Modi and other Southeast Asian leaders reviewing the Association of Southeast Asian Nations-India cooperation and charting out its future direction.
'Many countries believe that if they join BRICS, they will be seen as emerging countries and their stature will be enhanced.' 'G-20 still has common action plans while BRICS does not do that much.'
A suspected Chinese government sponsored group is understood to have snooped on inaccessible government computer networks in India for over a decade, a cyber security group claimed.
Though India has unilaterally scrapped duties on import of crude oil, it is not a binding commitment. Brunei's request to scrap duties on crude oil was acceded to since the commodity forms a bulk of its exports, the official said, adding this is not the case with Malaysia. India meets 75 per cent of its crude oil requirements through imports. As an inflation control measure, the government has scrapped import duty on the commodity.
'Narasimha Rao asked me why China was doing so well in attracting foreign investments and I gave my frank opinion.' 'I told him that giving thrust to exports had to be a national effort.' 'But in India, the system was very centralised in the Government of India and the state governments had no role to play.'
Manmohan Singh faced stiff competition in Singapore. No, not at the East Asia Summit or in meetings with the Asean. But the rival attractions of two imaginative exhibitions on India's past and an exhaustive three-day conference titled "Early Indian Influences in Southeast Asia" eclipsed his presence while China's Wen Jiabao basked in media glory that reflected the reality of economic and military power.
Last month, President Trump offered to be the "mediator" between India and Pakistan on the Kashmir issue when he met Prime Minister Imran Khan for the first time at the White House.
koda Auto India is set to drive in a new car by the first half of next year to reach its target of 100,000 unit annual sales in the country by 2026. The compact sports utility vehicle (SUV) will be positioned against the likes of Maruti Brezza, Hyundai Venue, and Kia Sonet, and would be competitively priced, a senior company official said. koda will also export the car to right-hand-drive markets like Australia, New Zealand and the Asean nations.
India and the 10-country trading bloc poised to ratify pact on trade in services soon
This is more than 25 per cent higher as compared to the same period of the previous year when the prime minister had 78 domestic engagements.
India on Saturday offered to help south-east Asian nations in the management of natural disasters by sharing satellite data for the region and launching small satellites built by them. "We would be ready to share satellite data for management of natural disasters, launch small satellites and scientific instruments and payloads for experiments in remote sensing and communication for space agencies and academic institutions in ASEAN countries," PM Manmohan Singh said.
The All India Kisan Sabha has expressed its displeasure on the signing of a Free Trade Agreement with the ASEAN nations. In a statement issued by the farmer's body they have criticised the centre for signing the FTA despite serious misgivings of state governments, peasant organisations and experts.Sectors like plantations, fisheries, textiles and light manufacturing goods will be seriously affected by this deal.
Addressing a party rally at Irutty near Kannur, Karat said a convention of the Left parties and their farm outfits would be held in New Delhi on August 26 to discuss the implications of the agreement and would work out the course of campaign. Karat said the government was now finding it convenient to go full steam ahead with its 'liberal' agenda which it could not do while it survived on the outside support of the Left.
In its explanation of vote, India said 'we find that our views have not been reflected in the draft being considered for adoption today. We would like to reiterate that a consultative and constructive approach involving the neighbouring countries and the region, remains important as the international community strives for the peaceful resolution of the issue'.
'The group commands 85 per cent of the global GDP, and if you are able to convey your point of view effectively to this group then you have reached more or less all the important players that matter.'
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.
Prime Minister Manmohan Singh left for Bali and Singapore on Thursday.
The resolution also pushes back against People's Republic of China (PRC) claims that Arunachal Pradesh is PRC territory, which is a part of the PRC's increasingly aggressive and expansionist policies.
Sources said China was forcefully pushing for inking the deal during the RCEP summit later in the day, which was seen as an attempt to counter-balance the impact of its lingering trade war with the US as well as to project the region's economic might to the West.
Ending its uncomfortable journey in India after eight years, Malaysia-based AirAsia Group on Wednesday said it has exited AirAsia India by selling its remaining 16.67 per cent stake to Tata Group-owned Air India for Rs 155.64 crore. Later in the day, Air India said it has begun the process of creating a single low-cost carrier subsidiary by merging AirAsia India and Air India Express. A working group consisting AirAsia India CEO Sunil Bhaskaran and Air India Express CEO Aloke Singh has been formed for the two carriers' integration, which is expected to take approximately 12 months, it added.
"The bilaterals amidst the multilateral. PM @narendramodi meets Premier Li Kequiang of China for first engagement," External Affairs Ministry Spokesman Vikas Swarup tweeted.
The proposed India-Thailand free trade agreement (FTA) will have to wait for some more time to become operational, as there has been no headway in negotiations on the India-Asean treaty on free trading of goods.
The trigger that led Japan and the Philippines to ink the deal was because of the deteriorating security situation in the South China Sea. China's coast guard increased the frequency and intensity of incursions into Philippine waters, provoking the Philippines to take countermeasures to deter China, explains Dr Rajaram Panda.
The 30-day visa-free entry is also currently enjoyed by eight ASEAN countries for the purpose of social visits, tourism and business.
India, along with Southeast Asian countries such as Indonesia, is expected to sustain growth in the medium-term in Asia region, replacing China as the key growth driver, Morgan Stanley and Nomura said in two separate reports released on Monday. While Morgan Stanley projected a 6.2 per cent gross domestic product (GDP) growth forecast for India in FY24, Nomura estimated the Indian economy to grow at 5.9 per cent in 2023. "Even with a slowing China, we expect GDP growth in Asia to sustainably outperform other emerging markets and the US. India and Southeast Asia are set to be the fastest-growing economies this decade.
Lending support for India's ambitious Nalanda University project, six countries on Thursday began the process of signing inter-government agreements to pledge their commitment for this academic institution.
India is no longer shying away from playing a role on the regional and international stages and is willing to don a bigger role in regional politics. It is showing traits of a responsible stakeholder in the regional security dynamics, says Dr Rahul Mishra.
India had invited United States President Joe Biden to grace the occasion but he expressed inability to travel to New Delhi in January.
Modi said India will continue its support to ASEAN for a rules-based security architecture for the region.
Prime Minister Narendra Modi returned home on Thursday after a nine-day-three-nation tour of Myanmar, Australia and Fiji during which he had a range of international engagements.
Jaishankar, who arrived in Santo Domingo on his first official visit to the Dominican Republic, also said that India has seen a dramatic expansion in connectivity, contacts, and cooperation across the region.
This is possibly the first time Hasina's daughter will be by her mother's side during an official visit to close neighbour and ally India, and analysts believe this to be significant in many ways.
US President Biden was invited to the Republic Day celebrations by Prime Minister Modi during the bilateral meeting on the sidelines of the G20 summit, Garcetti said.
External Affairs Minister Salman Khurshid will leave for Myanmar on Friday on his first bilateral visit since assuming office and will hold talks with the top leadership there including Opposition leader Aung San Suu Kyi.
The procurement is expected to signal a major upswing in India's strategic ties with the Philippines which has been focusing on ramping up its naval prowess in the face of its lingering friction with China in the South China Sea.
Prime Minister Manmohan Singh has put off his visit to Japan from Thursday for the annual summit in view of the sudden political developments in that country.
The resolution condemns additional Chinese provocations, including China's use of military force to change the status quo along the Line of Actual Control, construction of villages in contested areas, publication of maps with Mandarin-language names for cities and features in the Indian state of Arunachal Pradesh, and expansion of Beijing's territorial claims in Bhutan.
Prime Minister Narendra Modi's strong 'Make in India' pitch on Wednesday got the full support of his Thai counterpart Gen Prayut Chan-o-cha who said this concept can also be applied to drive the economy of his country.
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