The 11th round of the Corps Commander-level talks began at around 10.30 am at the Chushul border point on the Indian side of the Line of Actual Control (LAC) in eastern Ladakh, they said.
Non-performing loans in the Chinese banking system stood at RMB 1.27 trillion at the end of 2015.
As per the agreement reached by the two sides, India and China will withdraw the forward deployment in a phased and coordinated manner, the defence minister said.
India and China achieved a major milestone this year when their bilateral trade crossed the landmark figure of $100 billion but it did not generate any fanfare in both capitals as the two Asian giants are going through a "particularly bad patch" in their relations due to a set of actions by Beijing in violation of agreements that led to the military standoff in eastern Ladakh. Starting with a modest $1.83 billion in 2001, the bilateral trade crossed $100 billion-mark in the first 11 months this year, a significant milestone for which the two countries carried out campaigns to boost trade and build it as a major stakeholder to improve the relations between two nations, whose ties otherwise remained frosty over the festering boundary dispute and strategic rivalry. According to last month's data from China's General Administration of Customs (GAC), the India-China bilateral trade totalled $114.263 billion, up 46.4 per cent year-on-year from January to November 2021.
Exports dipped 1.6 per cent to 8.95 trillion yuan.
'The Indian Army's surveillance had noticed the Chinese movements.' 'There was no intelligence failure.'
Talks between Chinese Vice Foreign Minister Xie Feng and US Deputy Secretary of State Wendy Sherman to improve the relations got off on a rough note at the northeastern Chinese port city of Tianjin, with Xie launching a blistering attack on Washington, accusing it of being the "owner of coercive diplomacy".
After a gap of over two-and-half months, India and China on Sunday held the ninth round of military talks specifically focusing on ways to move forward on the long-negotiated disengagement process in eastern Ladakh as thousands of their troops remained deployed at friction points under freezing conditions.
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.
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.
The fresh round of Corps Commander-level talks took place at the Chushul-Moldo border point on the Chinese side of the Line of Actual Control in eastern Ladakh, they said.
'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.
'In Eastern Ladakh the Chinese attempted salami slicing.' 'Our response has been superb. Our military has responded magnificently.'
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.
Defence Minister Rajnath Singh on Sunday claimed that Prime Minister Narendra Modi has been receiving invitations for functions scheduled much after the Lok Sabha polls, which showed the 'entire world believes his return to power is inevitable'.
The confrontation, which happened on January 2, saw the shepherds reportedly throwing rocks at the Chinese personnel.
It is time the political leaderships in this country arrived at a common ground over issues of foreign and security policy concerns. There has to be a greater communication between the government and the Opposition leaderships for the nation to present a unified face against the rest of the world, advises N Sathiya Moorthy.
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.
Wang arrived in Delhi on Thursday evening in the highest-level visit between the two countries after the ties came under severe strain following the military standoff in eastern Ladakh that began nearly two years ago.
HSBC's purchasing managers' index was released on Tuesday.
The People's Bank of China cut its daily reference rate for the currency by a record 1.9 per cent, the biggest loss since January 1994.
"The meeting thus did not result in resolution of the remaining areas," the Army said in a statement.
India decisively withstood global headwinds in 2023 and is likely to remain as the world's fastest-growing major economy on the back of growing demand, moderate inflation, stable interest rate regime and robust foreign exchange reserves. Despite widespread pessimism witnessed among the developed nations and the worsening geopolitical situation, India recorded a gross domestic product (GDP) expansion of 6.1 per cent in the March quarter. The growth moved up to 7.8 per cent in the June quarter and was 7.6 per cent in the September quarter. For the first six months of this fiscal, the growth was 7.7 per cent.
The army made the comments as part of a statement trashing a media report that said the Chinese military has again crossed the Line of Actual Control in eastern Ladakh at several places and that there has been at least one incident of clash between the two sides.
In a fresh incident in eastern Ladakh, the Chinese PLA carried out "provocative military movements" to "unilaterally" change the status quo on the southern bank of Pangong Tso lake but the attempt was thwarted by the Indian troops, the Army said here.
From the landing of Chandrayaan 3 to the bombardment of Palestine by Israel, a look at some events that shaped the world in the second half of 2023.
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 development comes after after reaching a consensus in the 16th round of military talks, the two sides said in a joint statement this evening.
India has no option but to shut China out, notes T C A Srinivasa-Raghavan.
Situated at a height of 15,200 feet above sea level, the pass sits on the top of a craggily formed Himalayan range that separates the Tibetan plateau from the Indian sub-continent.
'India-China economic ties are likely to take a hit in the wake of the new situation, but that also provides India with a new opportunity to strengthen its manufacturing base,' points out Dr Rajaram Panda.
'The Chinese are retaining geostrategic pressure on India by keeping troops there and building infrastructure continually.'
While India should be concerned about disparities, the fact is that whereas three decades ago about half the people had incomes greater than $2.15 a day, today seven out of eight do, notes T N Ninan.
India and China on Friday are holding another round of high-level military dialogue to resolve the 22-month-long standoff in some friction points in eastern Ladakh, two months after the last round of such talks failed to yield any significant outcome.
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.
The job placement rate for students trained by NIIT in China is over 90 per cent.' A revealing excerpt from Saibal Dasgupta's Running With The Dragon: How India Should Do Business With China.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
The sources said both sides held extensive deliberations on modalities for disengagement of troops from all the friction points in eastern Ladakh at the talks.
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 Army said it was also highlighted that completion of disengagement in other areas would pave the way for the two sides to consider de-escalation of forces and ensure full restoration of peace and tranquillity and enable progress in bilateral relations.
