Prime Minister Narendra Modi leaves for Brazil on Sunday for attending the five-nation summit of BRICS nations on July 14 and 15 which is expected to finalise the setting up of a development bank and seek reforms of the United Nations and international financial organisations.
India insisted that PM Modi and Chinese President Xi Jinping held "conversation on range of issues" in Hamburg.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, jumped to 2.55 billion Swiss francs (over Rs 20,700 crore) in 2020 on a sharp surge in holdings via securities and similar instruments, though customer deposits fell, annual data from Switzerland's central bank showed on Thursday. The increase in aggregate funds of Indian clients with Swiss banks, from 899 million Swiss francs (Rs 6,625 crore) at the end of 2019, reverses a two-year declining trend and has taken the figure to the highest level in 13 years. It stood at a record high of nearly 6.5 billion Swiss francs in 2006, after which it has been mostly on a downward path, except for a few years including in 2011, 2013 and 2017, as per the Swiss National Bank (SNB) data.
The Foreign Ministry also posted a 15-page fact sheet with maps and other details about the standoff since it began on June 16.
"The basic idea is that India would like to continue to be the most beautiful woman wooed by all men, notably the two strongest in the house, US and China," the article titled 'Indo-US strategic distrust stalls LSA signing'.
India and Brazil on Wednesday called for urgent progress in reforms of the UN Security Council, as they agreed to scale up bilateral ties and deepen cooperation in international fora.
If China's behaviour in the past on ticklish issues is any indication then China could eventually support India's NSG application, says Rup Narayan Das.
'Pleasure to meet FM Sergey Lavrov, this time in person. Excellent talks that reflect our Special and Privileged Strategic Partnership. Value our exchanges on the international situation,' Jaishankar tweeted after talks with his Russian counterpart on the sidelines of the SCO meeting.
The controversial Kudankulam Unit I of the atomic power reactor in Tamil Nadu will become operational by next month, Prime Minister Manmohan Singh has said.
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
As someone with nostalgia for the good cheer and friendly feelings of Brazilian people, former Ambassador to Brazil B S Prakash can only hope that when they see on their TV screens their President being feted on Rajpath, they will sense India's goodwill for Brazil.
India has realised that one can only deal with China from a position of strength and that is not palatable to Beijing, observes Dr Rup Narayan Das.
'From March 2020 to November 2021, the combined wealth of the billionaires of this country has doubled.'
Sources also asserted that there was a "status quo" at the Dokalam for past six weeks.
Prime Minister Manmohan Singh and his Pakistani counterpart Yousuf Raza Gilani on Tuesday exchanged pleasantries, their second informal chat in two days at the Nuclear Security Summit in Seoul.
Former Union minister Suresh Prabhu would be India's Sherpa at the 14th meeting of the world's top economies in Osaka, Japan.
Gandhi walked into Goa Chitra, in South Goa's Benaulim village, about 40 kilometre from Panaji, on Monday evening around 4 pmand spent around 40 minutes there, founder of the museum, Victor Hugo Gomes said.
'While overall this is a face saving deal just before the BRICS meeting in Xiamen, any forward military movement at Doklam once again could bring the two Asian giants at loggerheads,' says China expert Srikanth Kondapalli.
With BRIC nations -- Brazil, Russia, India, China and South Africa, calling for ceasefire in Libya, a top Pentagon official on Wednesday said that the onus for this lies with the Gaddafi forces, which needs to pull back its troops from cities and stop attacking civilians.
Xi and Modi met soon after their arrival at a summit of the BRICS group of emerging powers. Xi said the two countries should join hands in setting global rules and suggested he attend the November meeting of the 21-nation APEC in Beijing, as well as take part in Chinese-led regional initiatives.
'One lesson to emerge out of the Modi-Putin summit is that India can be more self-confident that it possesses inherent strengths to leverage its interlocutors to influence Pakistani policies,' says Ambassador M K Bhadrakumar.
Shringla said that diplomacy is looking at a very changed scenario in terms of how statecraft and relations between countries work in the wake of the pandemic.
A lot of people talk about India rising," Barack Obama declared in November when in Mumbai. "But, in our view, India has already risen."
Under the watchful eyes of five wise men, who know the industry well, banks will not find it easy to hoodwink the system, says Tamal Bandyopadhyay.
In his address to RIC Foreign Ministers, Wang said the three countries should 'correctly handle and properly deal with sensitive factors in bilateral relations and safeguard the overall interests of mutual relation', without directly referring to the current round of India-China military tensions along the Line of Actual Control, (LAC).
Jayalalithaa termed the ruling DMK in Tamil Nadu as a corrupt party, pointing out that the CBI was carrying out raids on the residences and offices of people close to the party's leadership. "The 2G spectrum scam, which has caused a loss of one lakh eighty thousand crores, has been the largest scam in the history of the world .The DMK has always been a corrupt party and this scam has revealed the heights which the DMK leadership can reach in corruption," she said.
India has told China not to "shift goalposts" and "confuse" managing the border affairs and restoring peace at the frontiers with the larger issue of the resolution of the boundary question, which is dealt with by different designated mechanisms.
The voting share of India in IMF would increase to 2.6 per cent from 2.34 per cent.
'Breaking out of the corner into which China has painted itself would be a feat.' 'Whether Xi is able to pull it off will be known in the coming days,' says B S Raghavan, the distinguished civil servant and member of the Joint Intelligence Committee at the time of China's invasion of India.
President Xi said that the Chinese side is ready to work with the Indian side to carry forward the fresh impetus of bilateral relations.
The Chinese and the Indian troops were engaged in a standoff for 73 days in Doklam.
'The Chinese can't be trusted hence the need to verify and re-verify.'
"I have to admit, I have not been briefed on those comments. What I can say in general is that we have encouraged India and Pakistan to look for ways to resolve peacefully their deeply-held differences on a range of issues," White House Press Secretary Josh Earnest said.
Ren Guoqiang, a spokesperson of the Chinese defence ministry, in a statement said, "Chinese armed forces have also shown a high level of restraint with an eye to the general bilateral relations and the regional peace and stability."
Wang and Swaraj also discussed issues relating to annual BRICS summit which will be hosted by India in Goa in October.
We strongly urge India to take practical steps to correct its mistake, Wu said.
But Modi and Xi will attend a BRICS leaders meeting in Hamburg.
As the context of Panchsheel has changed, it is all the more essential that India and China need to reinvent and redefine Panchsheel for a new world order taking into account globalisation, and mutual economic interdependence. The new Panchsheel, in order to be relevant, needs to shed its binary approach of west verses the east recognising the seamlessness of global frontiers, which globalisation has brought in, says Rup Narayan Das.
'There is no parallel in UN history of an individual terrorist being bailed out by a world power,' points out Brigadier S K Chatterji (retd).
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