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.
The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown.
'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'
The gas dispute between the Ambani brothers is hurting global investors' confidence in India, says an industry report, urging the government to set priorities for the usage of gas and the pricing to prevail.
'The role reversal of those in favour of GST and those opposing it is troubling.'
Rohit makes his way back into Test squad for Sri Lanka series
External affairs ministry spokesperson Raveesh Kumar said India does not comment on the internal affairs of other countries and similarly expects other countries to do likewise.
Colombo seems to be veering to the middle path between China and the US on global matters, but in regional matters of strategic security, it is increasingly identifying with India, points out N Sathiya Moorthy.
Introduction of GST would make Indian products competitive in the domestic and international markets.
So far, almost every positive development in terms of the bilateral ties has been overtaken by innate hostility that is often driven by popular sentiments.
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
'From the very start, PM Modi was insistent that visiting foreign leaders should be exposed to an India beyond its capital.' 'Through these experiences, he felt that the full Indian narrative would be much better understood across the world,' explains External Affairs Minister S Jaishankar. A riveting excerpt from Bluekraft Digital Foundation's Modi@20: Dreams Meet Delivery.
Unless the impasse ends next week, the upcoming Australia 'A' tour of South Africa, a two-Test series in Bangladesh and a limited-overs tour of India are under threat from the dispute, with the Ashes also looming at the end of the year.
'And this mirror imaging is the most dangerous thing because it leads to tremendous misunderstandings.'
The question on who should borrow from the market and whether the borrowing will be under two buckets should be decided by the GST Council, and not by the Centre. If there is no consensus, there has to be a vote, says A K Bhattacharya.
Former wicketkeeper-batsman Adam Gilchrist has broken ranks with current and former players by backing Cricket Australia's pay offer and terming it as a `very fair deal`.
The decision wasn't surprising as almost all the senior players in unison, had made it clear that the contracts offered by the Sri Lanka Cricket wasn't to their liking
Ahead of Prime Minister Narendra Modi's Beijing visit, a state-run newspaper on Tuesday carried a highly critical article of him.
The NSE index Nifty ended above the 10,500-mark.
'We will not accept these misadventures by the Chinese.'
DTC task force also favoured doing away with Dividend Distribution Tax by suggesting taxing dividends in the hands of shareholders.
The government's second round of stimulus will spur consumer spending in the near term but support to economic growth will be minimal, Moody's Investors Service said.
The defence minister also said that India attaches importance to peaceful resolution of differences through dialogue and is committed to respect various agreements inked for maintenance of peace along the borders.
BSE's business was hurt as NSE blocked the flow of orders generated using its co-location facility to other exchanges, purportedly on security-related issues. The dispute between both the exchanges had reached Sebi and the finance ministry.
The government on Wednesday said any attempt by China to set up a hydropower station on the Brahmaputra river will act as an encroachment on the entitled rights of lower riparian states like India and Bangladesh and adversely affect the availability of water in its basin during the lean season.
The NSE Nifty ended 89.40 points, or 0.83 per cent, lower at 10,710.45.
However, the countries did not take up the issue of proposed withdrawal of export incentives by the US to Indian exporters under Generalized System of Preference.
But it is disappointing to note that Sitharaman's third Union Budget continues to promote a few problematic ideas, observes A K Bhattacharya.
India and Indians can ignore Pakistan, but that cannot be said of other nations in the neighbourhood, where New Delhi's 'Neighbourhood First' policy constantly reverberates. Four of the eight SAARC member-nations are Muslim -- Afghanistan and Pakistan, Bangladesh and the Maldives. The rulers decide the nation's India or anti-India policy in the first two, and street-opinion contributes to the same in the latter two, points out N Sathiya Moorthy.
The first Qantas domestic flight took off from the airport in Melbourne with passengers cheering as boarding began after the airline was grounded on Saturday following series of union issues.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
'There has been far too much overconfidence about the size and composition of the Indian consumer economy,' notes Mihir S Sharma.
Modi's Made in India dream takes a beating
While Prime Minister Modi grapples with serious matters of State so very successfully, may I urge that he focus just a bit of attention on the economy, says Manoj Mohanka.
In this weekly self-help series, mental health and life coach Anu Krishna tells you how to take control of your life.
Barcelona have no plans to re-sign Neymar from Paris St Germain, the club's vice-president Jordi Cardoner said on Friday, knocking down media reports the La Liga champions were ready to tempt the Brazilian forward back to the Nou Camp.
'The Chinese fault lines are tremendous and we need to exploit them.'
'India cannot allow Beijing's policy of stabilising and destabilising the border at will to perpetuate its own ends.' A riveting excerpt from Manish Tiwari's 10 Flashpoints; 20 Years National Security Situations That Impacted India.
The momentum created by the landslide victory of the ruling party should be utilised to carry forward reforms in the legal field, says M J Antony.
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