India and China held a special round of military talks on Tuesday at the Chushul-Moldo border meeting point in Eastern Ladakh to discuss air space violations and provocations by the Chinese side in that area in the last 45 days.
'With China falling out of favour, India is where investors see the demographic and digital dividend apart from the benefits of reforms playing out.' 'Your prime minister has also done a great job of sharing this story with the world.'
In the fresh round of talks, the Indian side is expected to press for disengagement of troops as soon as possible in all the remaining friction points besides seeking resolution of issues in Depsang Bulge and Demchok.
The shelters were installed in locations near Tashigong, Manza, Hot Springs and Churup among others, in reflection of simmering tensions between the two sides in the region.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
India on Friday said the onus is on China to address the remaining unresolved issues relating to the eastern Ladakh row and that peace and tranquillity along the frontier were key for the restoration of normal relations between the two sides.
Indian stock markets are expected to be driven mostly by global factors this week amid a lack of local triggers and earnings season largely coming to an end, say analysts. Crude oil prices, rupee movement and US Federal Reserve meeting minutes to be released this week will also influence the market sentiment. "With the earnings season behind us, global cues would largely dictate the trend in the coming week," Ajit Mishra, SVP - technical research, Religare Broking Ltd, said.
The Ministry of External Affairs said the two ministers discussed the outstanding issues related to disengagement from all friction points along the Line of Actual Control in eastern Ladakh.
Sources indicated that during Saturday's talks, India will insist on a faster disengagement process in remaining areas to bring down tension in the region, which has witnessed a tense standoff between the two militaries for over nine months.
The MEA spokesperson further said the actions and behaviour of the Chinese side since earlier this year along the LAC have been in "clear violation" of the bilateral agreements and protocols concluded between the two countries to ensure peace and tranquility on the border.
On Thursday, in his first interview with the local media since assuming office, Muizzu said India was instrumental in providing aid to the Maldives and has implemented the "greatest number" of projects.
The official told the reporters during a conference call on Friday, ahead of the next week's 2+2 India-US Ministerial in New Delhi, that the Trump administration was providing support to India through defence sales, joint military exercises and information sharing.
India witnessed a 12 per cent year-on-year (YoY) jump in total household wealth last year, at $14,225 billion, according to the Global Wealth Report 2022 by Credit Suisse. The report also forecasts the number of millionaires in the country to more than double from 796,000 in 2021 to 1.6 million in 2026. According to the report, which is based on data for the wealth holdings of 5.3 billion adults across nearly 200 countries, global household wealth rose 9.8 per cent in 2021 to $463.6 trillion, driven by widespread gains in share prices and a favourable environment created by central bank policies in 2020 to lower interest rates but at the cost of inflationary pressure.
Allahabad Bank on Monday opened its first overseas office in Shenzhen, a Chinese city near Hong Kong, hoping to tap trade and commercial linkages between the two Asian giants.
The Indian Army has deployed a significant number of easily transportable M-777 ultra-light howitzers in mountainous regions along the Line of Actual Control (LAC) in Arunachal Pradesh, military officials said on Thursday.
Foreign Secretary Harsh Vardhan Shringla terms India's relationship with China as "complex".
The Indian side is expected to seek disengagement as soon as possible in the remaining friction points besides pressing for resolution of issues in Depsang Bulge and Demchok.
The development comes after after reaching a consensus in the 16th round of military talks, the two sides said in a joint statement this evening.
People are availing far more of certain kinds of unsecured loans than was the case before the pandemic. Bank lending for buying consumer durables and funding of credit cards and other personal loans have risen by Rs 6.9 trillion between August 2019 and August 2023, shows a Business Standard analysis of data from the Reserve Bank of India (RBI). These loans are typically unsecured, which means they are provided without collateral.
By jettisoning the vision of multilateral world in favour of a Han Empire, China has posed a major long term challenge to India. India must stand firm against Chinese expansionism but also keep a door open for future detente by making a clear distinction between Chinese people and the current Chinese leadership, observe Lieutenant General Ashok Joshi (Retd) and Colonel Anil Athale (Retd).
Rulers in New Delhi and their political aides in sensitive states like Tamil Nadu have to be doubly careful not to provoke a situation whose consequences may be much more than visible now to the naked eye, notes N Sathiya Moorthy.
The Army said Gen Pande witnessed Parvat Prahar exercise besides interacting with officers and troops deployed in the region. The exercise featured a display of operational capabilities by artillery guns and other key weapon systems.
India must break out of this strategic triangulation between China and Pakistan. We need to settle our issues with one of the two, notes Shekhar Gupta.
A feature of this year's BRICS summit was economic cooperation.
Top losers in the Sensex pack included IndusInd Bank, Bharti Airtel, Tata Motors, Axis Bank, Kotak Bank, Bajaj Auto, Yes Bank, HCL Tech, HUL and Hero MotoCorp, falling up to 4.36 per cent.
The dedication of Indian soldiers and veterans towards the country is an 'exemplary example', Defence Minister Rajnath Singh said on Sunday soon after arriving in Ladakh on a three-day visit aimed at taking stock of India's military preparedness in the region in the face of a prolonged border row with China.
'COVID-19 will not stop the expansion of China's 'infrastructure power'.'
This is the first time that the defence ministry has admitted officially about the transgressions by the Chinese troops.
The US president, who has expressed disappointment over China's handling of the COVID-19 pandemic, claimed that it was the "incompetence" of Beijing that led to the mass killing across the globe.
According to sources, the post at which the Chinese army has put up loudspeakers is under 24x7 constant watch by Indian soldiers and it is possible that the Chinese might be indulging in such drama to distract our troops or perhaps just relieve the pressure.
Movement in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. Trading activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement.
'Significantly, Foreign Secretary Gokhale was received at very high level in Beijing.' 'It only shows China's keenness to move forward and put the relationship on a 'win-win' footing,' says Ambassador M K Bhadrakumar.
The decisions were mentioned in a joint statement issued by the two armies late Tuesday, a day after the sixth round of Sino-India Corps commander-level talks that lasted for 14-hours.
Bharti Airtel was the biggest gainer in the Sensex pack, rising 2.37 per cent, followed by Mahindra & Mahindra, HCL Tech, Tata Motors, Tech Mahindra, HDFC Bank, Wipro, Tata Consultancy Services, Axis Bank and Nestle. Asian Paints, Hindustan Unilever, Bajaj Finserv and NTPC were among the laggards.
'Valuations of midcaps and smallcaps have reached very high levels, and hence to that extent leave little margin of safety.'
India's foreign exchange reserves increased to $604 billion as on December 1, surpassing the $600 billion mark after a gap of about four months. The forex reserves were last above the $600 billion mark on August 11 this year. "India's foreign exchange reserves stood at $604 billion as on December 1, 2023.
There is a sense of relief in Beijing that Modi will be at the helm of affairs in Delhi at a critical juncture in the geopolitics of the region, says Ambassador M K Bhadrakumar.
As the border standoff entered the sixth month, an early resolution to the row appeared dim with close to 100,000 Indian and Chinese troops remaining deployed in the high-altitude region and showing readiness for a long-haul. There is no official word on the talks yet but sources said the agenda was to finalise a roadmap for disengagement of troops from all the friction points.
India's prices are rising faster than many of its emerging market peers. The country's inflation print for May at 4.25 per cent is a marked reduction from the levels seen in May 2022 (7.04 per cent). However, even though the inflation rate remains within the Reserve Bank of India's medium-term target of 4 per cent, with a 2 per cent margin on either side, it continues to be higher than China, Russia, and Brazil.
'The prime minister's comment on 'revdi culture' was welcome. But I am disappointed he did not follow up on that.' 'All political parties, including the BJP, have been guilty of this.' 'Now, Modi's guarantees, the Congress's 'nyay' path and both ruling and Opposition parties are vying with each other for freebies in my home state Andhra Pradesh.'
