He said countries should work for promoting open and inclusive cooperation for win-win outcomes.
India's GDP growth for the current fiscal is expected to slow down to 4.8 per cent, a UN report has said, warning that the Covid-19 pandemic is expected to result in significant adverse economic impacts globally. The UN 'Economic and Social Survey of Asia and the Pacific (ESCAP) 2020: Towards sustainable economies' said that Covid-19 is having far-reaching economic and social consequences for the region, with strong cross-border spillover effects through trade, tourism and financial linkages.
'In India, there's currently evidence the Centre has not managed a smooth vaccine rollout.' 'It is now falling back on blaming states, which are facing vaccine shortages,' points out Devangshu Datta.
After missing two self-imposed deadlines, billionaire Mukesh Ambani's Reliance Industries Ltd on Friday announced recalibration of a proposed $15 billion deal to sell 20 per cent stake in its oil refinery and petrochemical business to Saudi Aramco, saying the two firms have agreed to re-evaluate the proposed investment in light of the Indian firm's new energy forays. The stake sale talks, which were first officially revealed in August 2019, are being reset in light of Reliance making forays into new energy business in recent months by investing $10 billion in alternative energy over three years. To pivot to green energy, it has already bought a German maker of photovoltaic solar wafers and signed a deal with a Danish company to manufacture hydrogen electrolysers in India.
'The real significance of the visit lies in the extent of the receptivity in Myanmar of the account of Chinese perfidy given by India's military and civilian top brass and how they assess the danger to themselves of dancing with the dragon,' notes Ambassador T P Sreenivasan.
The Reserve Bank of India on Wednesday retained the economic growth projection for the current financial year at 10.5 per cent, while cautioning that the recent surge in COVID-19 infections has created uncertainty over the economic growth recovery. In its last policy review, the RBI had projected a GDP growth rate of 10.5 pc for FY'22. Taking various factors into consideration, it said, "the projection of real GDP growth for 2021-22 is retained at 10.5 per cent consisting of 26.2 per cent in Q1, 8.3 per cent in Q2, 5.4 per cent in Q3 and 6.2 per cent in Q4."
The magnitude of the economic losses will depend on how the outbreak evolves, which remains highly uncertain.
As the pandemic unfolded, the India-China relationship has come under severe stress. To restore normalcy, agreements between the two countries must be respected scrupulously in their entirety. Where the Line of Actual Control is concerned, any attempt to unilaterally change the status quo is unacceptable, declares External Affairs Minister Dr Subrahmanyam Jaishankar.
The number of participating automakers has fallen from 50 in 2018 to 30 this year. The count of exhibitors, including technology companies, has come down from 119 to 112. And showstopper luxury and supercar brands, including Toyota, Jeep, Lamborghini, Porsche, and Volvo will be missing. Similarly, the commercial vehicle makers also gave the show a miss -- a prolonged economic slowdown has dented their fortunes and near chances of any recovery.
The 'request for proposal' for the indigenous construction of the six submarines will be issued soon, they added.
Budget has already bombed at the box office and passing it without a revisit will be a mockery of the exercise though any modification may be short lived and perfunctory, observes V Ranganathan.
The people in both places have lived in a state of denial, refusing to accept the bald fact that resorting to violence against an infinitely superior force is suicidal, observes T N Ninan.
'US-Indian relations will become an important part of Trump's diplomacy,' says Global Times.
'I am not minimising either the seriousness or the complex nature of the current situation.' 'Naturally, we have to do what it takes to secure our borders.' 'We are talking to the Chinese, both through military channels and diplomatic ones.'
'In fact, they work in tandem.' 'When it comes to finding a solution, this must be predicated on honouring all agreements and understandings.' 'And not attempting to alter the status quo unilaterally.'
The stagnation in US-Russia relations does not augur well for New Delhi's strategic interests, says Harsh V Pant and Raj Kumar Sharma.
The SCO is increasingly seen as a counterweight to NATO and its membership will help India have a greater say in issues relating to security and defence besides combating terrorism.
The key reason for the country's stagnating exports is its failure to build a strong manufacturing base, says T N Ninan.
Since 2014, many of Mohan Bhagwat's speeches have acted as cues for government policy.
The expansion in total new orders was supported by greater sales to international markets
"Built on what was a series of islands, the city's historic downtown core is particularly vulnerable," the NYT said.
'Modi has presided over an ultra-nationalism that has stunted India's growth, been unable to change the country's external situation, brought foreign intervention into Indian affairs,' explains Aakar Patel.
News of all that's transpired on and off the football field
'India is still hierarchical, but not as much as Japan and people appreciate a flat working culture,' Charles Frump, managing director, Volvo Cars India, tells Pavan Lall.
To young professionals I would say, work hard, play hard and not be constrained by fads like WLB, says Sudhir Bisht.
'The goal seems to be that we do not invest further in our system to make our system more accurate and more reliable or more global in reach,' an ISRO source tells Shivanand Kanavi.
'The need of the hour is to build on the positives and control the negatives,' says Colonel (Dr) Anil A Athale (retd).
Apple reduced channel inventory by $3.6 billion.
The telephonic talk between Modi and Xi came a day after Modi congratulated Xi on Chinese social media.
Tata Motors has halved the volume outlook for its UK subsidiary Jaguar Land Rover Automotive (JLR) and warned of lower earnings as it sees the semiconductor shortage deepening in the September quarter of the current financial year, according to a notification issued by the company to the stock exchanges on Tuesday. The announcement caught investors unawares. They were hoping for a quicker recovery. Tata Motors' stock tanked 13 per cent (on July 6) from the day's high of Rs 358.10 and hit the lower circuit (Rs 311.45) in intra-day trades.
India will sit in the 15-nation United Nations Security Council (UNSC) for the 2021-22 term as a non-permanent member - the eighth time that the country has had a seat on the powerful horseshoe table.
While China's nationalistic tabloid Global Times said India should be taught a 'bitter lesson', another official newspaper, China Daily, said India should look in the mirror.
The Department of Telecom on Tuesday approved applications of telecom companies -- Reliance Jio, Bharti Airtel, Vodafone Idea and MTNL -- for conducting 5G trials but none of them will be using technologies of Chinese entities. The list of telecom gear makers approved for trials include Ericsson, Nokia, Samsung, C-DOT and Reliance Jio's indigenously developed technologies.
According to observers, with pro-China Rajapaksa winning the election, the result will have a bearing on India's presence in the Indian Ocean region where Beijing is increasingly making inroads.
The new missile could deliver 2,000 to 3,500 kilograms of payload to any point in the continental US, notes Rajaram Panda.
'India will keep trying to avoid conflict.' 'This is the moment when we draw a line in the sand.'
The prime minister started off his remarks at the meeting in Tamil, welcoming China to the talks, which were held right after one-on-one discussions between Modi and Xi at the Taj Fisherman's Cove Hotel.
'The general perspective -- certainly on Capitol Hill and Congress -- the love for India, the positive feeling for India still focuses on India as a democracy.' 'The more that Indian democracy and its pluralistic features is called into question by Indians, the more that same debate will replay back here.'
Naravane is scheduled to meet Prime Minister K P Sharma Oli on Friday.
Gen Naravane on Tuesday said he was eagerly looking forward to the visit and exuded confidence that it will go a long way in strengthening the "bonds of friendship" between the armies of the two countries.
Sebi proposes to relax ownership rules to allow more entrants in the exchange space, which is seeing a disruption globally with the emergence of new technologies such as block chain.
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