The destabilising and corrosive behaviour of the Chinese Community Party in the Indo-Pacific region is simply not helpful and some of the defence infrastructure that is being set up by China near its border with India is alarming, US Army's Pacific Commanding General Charles A Flynn said on Wednesday.
'There is a law that prevents the government from diluting its equity in the PSBs below 50 per cent.' 'That law has to be amended and given the parliamentary arithmetic of the political parties, it is not as simple to do that.'
Indian graziers were stopped by Chinese troops from moving ahead near the Line of Actual Control (LAC) in the Demchok region of eastern Ladakh over a week ago, people familiar with the development said on Monday.
Daniel Wu, chairman of the Asian Bankers Association (ABA), says there is merit in merging some of the less efficient public sector banks in the country.
'The reason why we don't have an escalation of war like in 1962 is because in 1962, we didn't have this connectivity.' 'Whereas today, we have lots of incentives to stay stable and connected to China even though we still have that political rivalry.'
'When Yogi took over, in the first few months he went after the criminals.' 'Everybody thought he will do it, cutting across party, caste divisions.' 'Gradually, the situation started slipping out of his hand.'
Swamy said Prime Minister Narendra Modi should convene a conference of "insiders" to draw up a new policy especially after the recent Lakhvi episode.
'The BJP is saying we have Modi, who have you got?' 'We have the people of India on our side.'
The Shanghai Composite Index eased 0.2 percent in subdued trading on Wednesday morning.
The Asian Development Bank (ADB) on Wednesday slashed India's GDP growth forecast for FY23 to 7 per cent from the earlier estimate of 7.2 per cent mainly on account of higher inflation and a tight monetary policy. India's economy grew 13.5 per cent year-on-year in the first quarter of 2022-23, reflecting strong growth in services, ADB said in its second supplement to Asian Development Outlook Report 2022 (ADO 2022). "However, GDP growth is revised down from ADO 2022's forecasts to 7 per cent for FY2022 (ending March 2023) and 7.2 per cent for FY2023 (ending March 2024) as price pressures are expected to adversely impact domestic consumption, and sluggish global demand and elevated oil prices will likely be a drag on net exports," ADB said.
Markets end higher ahead of Fed outcome, China stimulus
'People trust India and Indians a lot more than they trust China and the Chinese.'
India's banks are propping up too many weak producers.
The India growth story is still intact, and fall in the Indian stock markets is an imported one and if the government succeeds in legislating the GST and Land Bill, India could yet emerge as a winner believe stock market experts
Borrowing from BRICS bank will help India avoid other kinds of politics emanating from the West. Overall, the BRICS institutions will necessarily adopt alternative ways of doing things based on their own cultural and socio economic needs, says M K Venu.
Sources said that even though India and China have been talking at the diplomatic and the military level for over six weeks now, there has been no thinning down in troop numbers or equipment by the Chinese side on this front.
India and China account for 64 per cent of GDP in 23 Asian countries included in a study but rank quite low when it comes to benefits percolating to their people.
FinMin had, recently, notified changes in FDI rules that made prior approval of the government mandatory for foreign investments from countries that share a land border with India. Hong Kong was ranked 14th on the list of countries with FDI flows to India, contributing $4.2 billion between April 2000 and December 2019, the data from DPIIT shows. India received FDI worth $2.34 billion from China in the same period.
'Mahatma Gandhi's principle of non-violence was all-encompassing -- human against human, human against animal and more importantly human against nature.'
Xi has already been elected as general secretary of the ruling Communist Party of China at its once-in-five-year congress in October last year.
Chinese troops are reinforcing their posts in large numbers, increasing their patrolling, stepping up violations in the Tawang and Walong areas.
The two nations share a problem of corporate debt gone bad that is so large and opaque.
The defence minister also took an indirect dig at Gandhi for "doubting" the government's intention in the handling of the border row with China and said politics can not be done on the basis of "falsehood".
'Wang Yi said the border issue is important and we should stay committed to peacefully addressing it through consultation and coordination.'
The external environment has worsened further. While the Finnish economy entered into a recession, Swedish economic growth also dipped. The Finnish gross domestic product (GDP) dropped 0.6 per cent in October-December, 2022. It was the second quarter of negative growth, which is a technical definition of recession.
Chinese tech unicorn ByteDance co-founder billionaire Zhang Yiming on Thursday announced that he will step down as CEO, in a surprise move that signalled a major leadership shake-up at the nine year-old technology firm which created popular global short-video app TikTok. Zhang, 38, who is one of China's wealthiest entrepreneurs, said he is ready to step down after nearly a decade of running the world's largest unicorn, becoming the latest among the country's technology founders to quit in their prime. Zhang will step down from his role as CEO of the Beijing-based ByteDance, giving up his day-to-day responsibilities to "be more impactful on longer-term initiatives," the Hong Kong-based South China Morning Post quoted the company announcement on Thursday.
Chinese President Xi Jinping, who made a rare visit this week to the restive Xinjiang region which borders Ladakh, met the troops and officers stationed there and praised their "outstanding contributions" to the border defence and stabilisation of the volatile province.
Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.
At a media briefing, External Affairs Ministry Spokesperson Arindam Bagchi said India monitors such developments.
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
In the past two weeks China has cut interest rates.
The 'China model' will command less respect in India, which could help improve policy formulation.
Dealers attributed the fall to the dollar's gains after China devalued yuan, which pushed up demand from importers for the US currency.
Rediff.com takes a look inside the capsized Eastern Star ferry and finds remnants of the ruination of over 400 lives in its detritus.
'If credit is not available, people will postpone buying. That's what has happened.'
'India is the largest stomping ground in the world for impact investing as we have an extraordinary combination of entrepreneurial drive with huge, absolute demand for all kinds of social services,' IDFC First Bank's chief Rajiv Lall tells Anjuli Bhargava.
Over 500 soldiers, 1,000 people and 62 speedboats have been sent for rescue work while more than 10,000 people have been sent to ensure the safety of river banks.
"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.
Premier Li Keqiang highlighted his government's performance in the last one year and the challenges ahead in various fields. Compared to other reports by his predecessors, Li spoke more frankly about the mounting challenges faced by the country. Srikanth Kondapalli on the two recent Chinese parliament sessions.
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