The Indian position on the Russia-Ukraine war and the unconditional treaty between China and Russia appear to have caused some ripples in India-US relations and led to a reappraisal of India's usefulness to the US in the eventuality of a conflict with China, notes Ambassador T P Sreenivasan.
Justice Tushar Rao Gedela also asked the police to file replies to their applications seeking interim release till the pendency of the petitions.
Indian cities need $840 bn investment over 15 yrs, says World Bank report.
The Chinese Communist Party's all important 19th Party Congress is just months away, and President Xi Jinping finds himself confronting unlikely challenges to his pre-eminent position, says former RA&W officer and China watcher Jayadeva Ranade.
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.
Overall, the People's Liberation Army Air Force (PLAAF) has focused on building ground-based air defense networks and network-centric operations rather than trying to match the Indian Air Force (IAF) in terms of straight fighter numbers along the border. All air assets fall under the Western Theater Command of the PLA, the largest geographic region of China's five military theater commands.
'By not even acknowledging China's occupation of Indian territory Modi signalled to Beijing that he was not prepared to used forceful means to vacate the Chinese occupation, and that his government was reconciled to this loss of territory and accepted the fait accompli engineered by the PLA.'
Though it still has only a single-digit share in total electricity production, India has been looking to tap nuclear power faster.
'The supreme art of war is to subdue the enemy without fighting.' Former RA&W official Jayadeva Ranade explains what China's military reforms mean for the world.
A report published in British journal The Lancet reckons India's working population will surpass China's in the mid-2020s.
The "caution level" among the troops has also been raised.
Fundraising via initial public offers (IPOs) dropped 52.2 per cent to $147.2 billion in the first eight months of calendar year 2023 (CY23), suggests a recent report by GlobalData, a London-based analytics and consulting company. At the country level, the report suggests, India topped the charts with 152 transactions worth $3.8 billion during this period, primarily due to a higher number of SME IPOs, followed by the US with 99 deals totaling $16 billion, while China ranked third with 88 transactions worth $32.3 billion. "An analysis of GlobalData's Deals Database reveals that there were 750 IPO listings registered with an aggregate deal value of $147.2 billion in the first eight months of 2023 on the stock exchanges worldwide.
Former Indian foreign secretary Shyam Saran, while delivering the Second Annual K Subrahmanyam Memorial Lecture, speaks on what India needs to know about China's world view. The first of a two part series
In contrast, the dominant manufacturing superpowers of the late 20th century are expected to become less competitive.
Amid news of a fuel shortage in some parts of the country and wider unrest over fuel issues in the neighbourhood, an analysis of the data from international tracker globalpetrolprices.com shows that the per litre price of petrol is higher in India than in seven out of its nine neighbours.
Chinese nuclearisation of Tibet endangering ecosystem, says new book
Venture capital (VC) investments in Indian startups plunged over 38 per cent in 2022 as economic uncertainty and market volatility affected fundraising and investment activities, GlobalData said on Tuesday. In a statement, GlobalData said an analysis of its financial deals database reveals that "a total of 1,726 VC funding deals worth $20.9 billion were announced in India in 2022 compared to 1,715 deals worth $33.8 billion in 2021." "The ongoing economic uncertainty and market volatility continue to affect the fundraising and investment activities in India and subsequently VC investment in the country startups suffered a massive year-on-year 38.2 per cent decline in value terms during 2022," the data and analytics company said.
The spending on a typical RT-PCR test would take up 23 per cent of the monthly income of an average Indian, compared to 2 per cent in China. This is one of the deepest cuts in the pocket of an individual, in comparison to 14 other countries, reports Abhishek Waghmare.
To address the supply crunch, CII has suggested leveraging the existing excess capacity in the Indian industry; rolling back import duty hike to look for alternative sources of imports; expanding credit to manufacturing units with quick loan sanctions, and one-time emergency waiver of non-performing asset regulations for three months.
'The logical step is to challenge the very legitimacy of the Chinese claim over Tibet,' recommends Inspector General Gurdip Singh Uban (retd).
In the 15-year dataset, the researchers noted an average of 7.8 incursions per year even though the Indian government's estimates are much higher.
'The intrusion in Chumar, during and beyond the Chinese president's visit, is unprecedented and has qualitatively changed the tone of the India-China relationship,' says Jayadeva Ranade, a member of the National Security Advisory Board.
The overall confirmed cases on the mainland have reached 81,708 by Sunday, including 1,299 patients still being treated, 77,078 patients discharged after recovery, and 3,331 people died of the disease.
The study, 'Trade and trade diversion effects of United States tariffs on China', shows that the ongoing US-China trade war has resulted in a sharp decline in bilateral trade, higher prices for consumers and trade diversion effects -- increased imports from countries not directly involved in the trade war.
A recession is unlikely in the APAC region in the coming year, although the area will face headwinds from higher interest rates and slower global trade growth, Moody's Analytics said on Thursday. In its analysis titled 'APAC Outlook: A Coming Downshift', Moody's said India is headed for slower growth next year more in line with its long-term potential. On the upside, inward investment and productivity gains in technology as well as in agriculture could accelerate growth.
Indian aluminium producers are one of the lowest cost producers in the world, which is a significant advantage.
An outbreak of a pneumonia-like illness that started in the city of Wuhan in China has put health authorities on high alert around the world. The new coronavirus-named 2019-nCoV-is thought to have originated in the food market of the central China metropolis and has since infected more than 4,000 people worldwide.
India and China should address each other's 'concerns and sensitivities' on issues impinging security and well being, External Affairs Minister S M Krishna said on Monday. He also said that a hotline between the two prime ministers will also become operational soon. "As rising powers, India and China are projected to have a competitive relationship in the final analysis. It is up to us to disapprove such a scenario by presenting examples of a concrete partnership," he said.
Wang Junzheng, Tibet's new Communist party boss, is on a number of sanctions lists by the US, Britain, the EU and Canada, for his tough role in Xinjiang, aimed at China's Uyghur ethnic minority, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
If there is another military conflict between India and China, it is not going to be a replication of the 1962 war, warns B Raman
The 'China model' will command less respect in India, which could help improve policy formulation.
In India, the pollution levels are highest in the north.
Amid the funding winter, 128 Indian startups have raised over $995 million (around Rs 8,000 crore) venture capital funding in August, GlobalData said on Thursday. The funds raised in August are 9.7 per cent more than that in the previous month, the data and analytics company said in a statement. Aurojyoti Bose, Lead Analyst at GlobalData, said: "Although the total VC funding amount still remains below $1 billion akin to July, August managed to reverse the decline in fundraising, despite a 2.3 per cent fall in deal volume."
'Do not travel to India due to COVID-19. Exercise increased caution in India due to crime and terrorism'
The share of foreign companies in private sector investments, directed towards building new factories and other facilities, has declined over the past six months. A mix of large domestic announcements and relatively lower growth in foreign capital expenditure (capex) plans have played a role, although foreign investments remain near record levels. The share of foreign companies in the overall private sector investments over the four quarters ended June 2023 has dipped to 14.9 per cent, as shown by a Business Standard analysis of data from the project tracker Centre for Monitoring Indian Economy.
India improved its representation in the Times Higher Education rankings with 25 universities in the top 200. But it is far behind China which has four in the top five.
A healthy growth in India's services segments has helped the country's total exports and imports of goods and services to cross the $800 billion mark during the first half of 2023, despite a slowdown in global demand, think tank GTRI said in a report on Monday. According to the analysis of the Global Trade Research Initiative (GTRI), exports of goods and services rose by 1.5 per cent to $385.4 billion during January-June this year, as against $379.5 billion in January-June 2022. Imports, however, dipped by 5.9 per cent to $415.5 billion during the six months of this year, as against $441.7 billion in January-June 2022.
Wang Guangfa, a respiratory expert from Peking University First Hospital, warned that Beijing may experience a spike in severe COVID-19 cases over the next fortnight.
