Recalling the Galwan incident, he said the bravery, valour and restraint shown by the Indian Army are incomparable and unparalleled.
'In the overall global portfolio, India's weighting has come down in the past seven months.'
Following is the full text of Prime Minister Manmohan Singh's speech at the Central Party School in Beijing on Thursday:
China's slowing means commodity markets are no longer overheated.
The reason, he said, was the external environment was weak.
Like China, India too should connect the dots and move ahead with a long-term perspective in Afghanistan, advises Ambassador M K Bhadrakumar.
The meeting will be attended by Russian President Vladimir Putin, Chinese President Xi Jinping, South African President Cyril Ramaphosa and Brazil's Jair Bolsonaro, according to the MEA.
The video was reportedly shot at Fuyang Railway Station while the troops were preparing to head to a military camp in Hebei province, according to Taiwan News.
The Army has also further bolstered overall surveillance mechanisms in all areas along the Line of Actual Control (LAC) in eastern Ladakh after foiling China's fresh attempt to occupy an area on the southern bank of Pangong lake, they said.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
'In May 2020-2021, nearly 10 crores (100 million) lost jobs. 'Covid is not the reason for the present crisis. It aggravated the crisis.'
People are interested in the strength of India's economy, the country's stability, and the opportunities, says Stuart Tait, regional head of commercial banking, Asia-Pacific at HSBC.
'We don't need to hinge India-UK relations on shared hostility toward China,' observes Ambassador M K Bhadrakumar.
Modi is as divorced from reality as Manmohan Singh. He might want to sound expansive and visionary, but to be credible he must have his feet on the ground and know the reality around him. Instead of delivering irrelevant homilies to small and hence poor farmers, the prime minister should be thinking in terms of creating a huge demand for alternative employment, mainly in the construction sector, and his promised hundred new cities is a capital idea, says Mohan Guruswamy.
The Chinese and Indian armies continued with the disengagement process in the North and South banks of Pangong lake in eastern Ladakh as per plan and the entire pullback exercise is expected to take another six-seven days, sources in the defence and security establishment said on Monday.
For several years the Chinese authorities have been taking steps to internationalise the use of the yuan.
The US dollar surged to fresh one-year high after the Fed chief's testimony to the US Senate on Wednesday bolstered the expectations of interest rate hikes, though gradually.
External Affairs Ministry Spokesperson Anurag Srivastava said India is committed to resolve all issues through dialogue, noting the way ahead to address the issue is negotiations.
Reserve Bank of India Governor Raghuram Rajan took charge of India's central bank when the rupee seemed to be in a tailspin while the country was facing runaway inflation.
Thirty-two of the 36 people killed in the New Year eve stampede at Shanghai's iconic waterfront area have been identified, authorities said on Friday, as Chinese media and public criticised the administration's failure to prevent the tragedy that marred the gleaming financial hub's image.
NTPC, Maruti, SBI, PowerGrid, Bajaj Auto, UltraTech Cement and Axis Bank rose up to 2.95 per cent.
'The Galwan Valley clashes helped us prioritise our national security approach towards the northern border'
Telecom service operator Airtel on Thursday urged the government not to charge high fees for allotting 5G spectrum, saying a faster roll out of the next-generation telecommunication network can have more benefits than collecting revenue in upfront cost. Sunil Bharti Mittal, chairman of Bharti Enterprises which runs the country's second largest telco, said that there are a variety of applications across sectors ranging from healthcare to video interactions, which will make 5G a technology to be introduced as soon as possible. "5G is important and that's why we keep on requesting the government to make the 5G as an enabler for hundreds of things that we develop in the country, to keep the spectrum at affordable pricing, to not load the industry too much," Mittal said at the Times Network India Economic Conclave.
It is learnt that the face-off took place after a Chinese patrol tried to enter Indian territory and the troops of China's People's Liberation Army were forced back.
Xi, 67, already roiling the Communist Party with a 'rectification' campaign and mass persecution of foes, will launch 'another brutal purge' following the Chinese army's failures on the Indian border, the Newsweek said in an opinion piece.
Union minister Ram Vilas Paswan appealed to people to boycott products from China and also directed officials of his ministry not to procure any Chinese products for day-to-day office use while his ministerial colleague Ramdas Athawale said all restaurants and hotels that sell Chinese food in India should be closed down.
Out of 18, four personnel were critically injured but they are responding to treatment and are stable now, people familiar with the matter said.
Indian equities are in a multi-year bull story with capex cycle recovery as the main driver.
India has much to be proud of and celebrate. But there is also much that is wrong, much that looks dangerous. Employment, current account deficit, rural distress, agricultural productivity are all in deep crisis, points out Shekhar Gupta.
The Asian Development Bank has downgraded India's economic growth forecast for the current financial year to 10 per cent on Tuesday, from 11 per cent projected in April, on account of the adverse impact of the coronavirus pandemic. India's GDP growth recovered to 1.6 per cent in the last quarter of fiscal year ended March 2021, narrowing contraction in the whole fiscal year from 8 per cent estimated in April to a revised 7.3 per cent, the multilateral funding agency said in the Asian Development Outlook (ADO) Supplement. "Then a second wave of the pandemic induced many state governments to impose strict containment measures.
Chances of a sudden collapse in the Shanghai Composite are remote.
With the two armies again in a face-off at multiple points, there is apprehension of renewed clashes.
...but when they awaken, it's going to be overly optimistic to assume everybody will walk off the sleeping bed and come back to full life, Rajan noted.
Unlike the race to buy airwaves by telecom companies, airports by infrastructure companies and city gas networks by energy companies, the race to develop super apps by consumer-facing companies in India has not brushed up against any regulatory issues. Officials at the ministry of electronics and information technology and at other regulators are happy they do not have to meddle in who among the Tata group, Reliance Industries Ltd, Flipkart or Paytm will manage to build an app that sweeps in customers. Unlike separate apps a customer uses on her mobile to order groceries, buy food or airline tickets or just make payments, a super app can perform all these functions.
New Delhi has a chance to rid itself of its image as the bully in the subcontinent by helping a neighbour tackle problems that India, for once, has no role in creating. It should grab the opportunity with both hands, suggests Aditi Phadnis.
As Myanmar sets out on a new path after decades of military rule, India on Monday promised whole-hearted support to it in "every step" of its journey as the two countries resolved to deepen ties and actively cooperate to combat terrorism and insurgent activities in the region.
'This novel format of diplomacy -- the informal summit -- will not only facilitate bilateral communication and reduce miscalculations at the very top level of the two governments, but possibly open the space for China and India to speak in one voice on various issues of mutual concern,' note Feng Renjie and Ding Kun Lei
World leaders thanked India for its help and support in combating the coronavirus pandemic through "early and meaningful" shipments of COVID-19 vaccine doses, as they addressed the high-level UN General Assembly session this year.
The ever-astute Ravi Matthai, Director of Indian Institute of Management, Ahmedabad in 1971, offered me a basic salary of Rs 1,000 per month on my return from the United States. I doubt if IIMA could hire a faculty member at Rs 55,000 per month today! points out Dr Shreekant Sambrani.
History would not see the institution kindly if it continues to avoid, as appears to be the case, hearing and deciding some of the most pressing issues of our time, asserts Aakar Patel.
