Equity benchmarks Sensex and Nifty ended on a mixed note on Wednesday as the euphoria about the Budget fizzled out, with investors going for profit-taking ahead of the Fed interest rate decision. The 30-share BSE benchmark Sensex climbed 158.18 points or 0.27 per cent to settle at 59,708.08 after it trimmed most of the intra-day gains. During the day, it had zoomed 1,223.54 points or 2 per cent to 60,773.44.
'The potential of one such LAC engagement going out of control and leading to heavy casualties cannot be ruled out,' warns Lieutenant General Syed Ata Hasnain (retd).
The sources said the soldier was handed back to China at the Chushul-Moldo border point in eastern Ladakh at 10.10 am.
'There is a sense of realism in the Pakistan army that if they needled India during the Ladakh standoff, they would have seen a strong retaliation.' 'Pakistan was hoping that India would come out looking weaker in the region and get embarrassed, but that obviously has not happened.'
Amid demands for snapping trade ties with China for its transgressions on the border, former Niti Aayog vice chairman Arvind Panagariya has opined that cutting trade with Beijing at this juncture would amount to sacrificing India's potential economic growth. Instead, Panagariya suggested that India should try to enter into free trade agreements (FTA) with countries such as the UK and the European Union to expand its trade. "Engaging China in a trade war at this juncture will mean sacrificing a considerable part of our potential growth... purely on economic grounds, it will be unwise to take any action in response to it (transgressions on the border)," the eminent economist told PTI.
"All temporary structures and other allied infrastructure created in the area by both sides have been dismantled and mutually verified. The landform in the area has been restored by both sides to the pre-standoff period," the Army said in a statement.
Sources said the process of disengagement along the Line of Actual Control is "complex", and in such a context, speculative and unsubstantiated reports need to be avoided.
Replying to clarifications sought by MPs in Rajya Sabha on his statement on the border row, the minister said skirmishes and face-off with China in the last few months have been primarily over the issue of patrolling the Ladakh border.
Last year, China held a meeting with some South Asian countries on COVID-19 vaccine cooperation without the participation of India.
'India's military posture has become significantly stronger than China's on the 3,500-kilometre Line of Actual Control.' 'This is enhancing confrontation between the two sides,' points out Ajai Shukla.
'The Chinese are retaining geostrategic pressure on India by keeping troops there and building infrastructure continually.'
'It is a game of patience. We have to stand firm and tire them out, which we are doing.'
Chinese Foreign Ministry spokesman Zhao Lijian expressed this hope hours after India and China accused each other of firing in the air near the Pangong lake at the Line of Actual Control(LAC) in eastern Ladakh on Monday.
'The killings are a worrisome escalation of tensions, but little is known about the immediate causes or results of the fight in Galwan and it is not possible, at this point, to assign blame'
Two days after the India-China military talks, the joint statement, issued in New Delhi by the Indian Army said both sides had a 'candid and in-depth exchange' relating to disengagement along the Line of Actual Control (LAC) in the Western Sector of India-China border areas.
India on Thursday said it keeps a constant watch on all developments having bearing on national security, three days after new satellite images indicated the construction of a Chinese village east of the Doklam plateau on the Bhutanese side.
The Indian side forcefully pressed for early resolution of the standoff and particularly insisted on expeditious disengagement in Hot Springs and Gogra, a source said.
External Affairs Ministry Spokesperson Anurag Srivastava said China's claim over Galwan Valley was not in accordance with its own position in the past, noting that attempts of transgression by Chinese side were invariably met with appropriate response from the Indian troops.
The MQ-9B predator armed drones -- 10 each for three services -- is seen to be a key part of India's national security and defense needs.
The child was apparently carrying a packet containing some food item when the dogs pounced on him, a Greater Hyderabad Municipal Corporation (GHMC) official said.
The Wednesday talks took place amid a war of words between the two sides on perception of the LAC, the de-facto Sino-India border spanning a length of nearly 3,500 km.
India's reaction came in response to Beijing announcing Chinese names for 15 more places in Arunachal Pradesh which the neighbouring country claims as South Tibet.
Another round of diplomatic talks under the framework of the Working Mechanism for Consultation and Coordination is expected to be scheduled soon.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Last week, China's national legislature adopted the new law on the protection and exploitation of the land border areas, which could have bearing on Beijing's border dispute with India.
Lt Gen Anil Chauhan (retired) will assume charge as India's new Chief of Defence Staff on Friday, an appointment that is expected to bring the focus back on the implementation of the ambitious theaterisation drive to bring synergy among the three services.
The Army has significantly bolstered its fire power along the frontier with China by deploying a range of rockets and artillery weapons and plans to procure an array of additional systems, including 100 K9 Vajra howitzers and UAVs, to augment combat prowess.
In a statement, the Prime Minister's Office (PMO) said the focus of Modi's remarks at the meeting on Friday was the events of June 15 at Galwan that led to the loss of lives of 20 Indian military personnel.
During their hour-long in-person meeting on the sidelines of a Shanghai Cooperation Organisation (SCO) conclave in Dushanbe on Wednesday, External Affairs Minister S Jaishankar also told his Chinese counterpart and State Councilor Wang Yi that any unilateral change in the status quo along the Line of Actual Control (LAC) was 'not acceptable' to India and that the overall ties can only develop after full restoration of peace and tranquillity in eastern Ladakh.
The Chinese numbers had surged significantly during the summer season as they brought in a large number of troops for summer training. They have now gone back to their rear locations.
The Modi government finds itself in a contradiction of its own making. It has encouraged pro-Russian, Westophobic public sentiment while setting strategic policy that's exactly the opposite, points out Shekhar Gupta.
The talks took place in a beach resort in Benaulim on the sidelines of a meeting of the Council of Foreign Ministers of the Shanghai Cooperation Organisation.
'I want to assure this House that in these talks we have not conceded anything.' Full text of what Defence Minister Rajnath Singh told Parliament on the Chinese pullback in eastern Ladakh.
RInstead of disengagement, the Indian and Chinese armies have deployed an estimated 35,000 to 40,000 soldiers each along the LAC. The PLA has deployed S-400 air defence missiles to neutralise the IAF's advantage in air power
Citing media reports that China has built shelters in the Depsang area in Ladakh, the Congress on Saturday questioned the government's 'silence' over the issue and asked what steps were being taken by it to ensure status quo ante of April 2020.
'China is in the middle of a substantial expansion of its nuclear weapon arsenal, which satellite images indicate includes the construction of over 300 new missile silos,' SIPRI's statement noted.
"Against such background, the words and deeds of relevant important military and government officials and military deployments should be conducive to deescalating and cooling down the situation, and to enhancing mutual trust, rather than the opposite", the spokesman said.
In a major boost to its fire power, the Indian Army has deployed a sizeable number of upgraded L70 anti-aircraft guns in the high mountains along the Line of Actual Control in Arunachal Pradesh in addition to its existing M-777 howitzers and Swedish Bofors guns, officials said on Wednesday.
China is ready to take "conciliatory steps" in order to avoid new violations of the obligations on the India-Chinese border, Chinese Foreign Minister Wang Yi said on Friday, a day after holding a crucial meeting with External Affairs Minister S Jaishankar over the current standoff in Ladakh. Speaking during a joint press conference with Russian Foreign Minister Sergey Lavrov, Wang said troops and equipment should be withdrawn from the Line of Actual Control (LAC).
At a virtual media briefing, Ministry of External Affairs (MEA) Spokesperson Anurag Srivastava said disengagement of troops is a complex process which would require mutually agreed 'reciprocal actions'.
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