To build trust, Modi, Xi agree to issue 'strategic guidance' to their militaries

Agencies
April 28, 2018

Wuhan, Apr 28: Prime Minister Narendra Modi and Chinese President Xi Jinping have decided to issue "strategic guidance" to their militaries to strengthen communications and to build trust and understanding, a move aimed at avoiding a Dokalam-like situation in the future.

Modi said his talks with President Xi focussed on diverse areas of India-China cooperation. "We discussed ways to give impetus to our economic ties as well as people-to-people relations. Other areas we spoke about include agriculture, technology, energy and tourism," he said.

Briefing reporters at the end of the two-day informal summit between the two leaders in Wuhan on Saturday, Foreign Secretary Vijay Gokhale said the two leaders underscored the importance of maintaining peace and tranquillity in all areas of the India-China border region.

"To this end, they issued strategic guidance to their respective militaries to strengthen communication in order to build trust and mutual understanding and enhance predictability and effectiveness in the management of border affairs," Gokhale said.

The foreign secretary said the two leaders further directed their militaries to earnestly implement various Confidence Building Measures (CBMs) agreed upon between the two sides, including the principle of mutual and equal security, and strengthen existing institutional arrangements and information sharing mechanisms to prevent incidents in border regions.

They also endorsed the work of the special representatives to find a fair, reasonable and mutually acceptable settlement on the boundary issue.

The two countries have so far held 20 rounds of talks to resolve the boundary dispute and worked out different mechanisms to maintain peace along the 3,488-km long Line of Actual Control.

The remarks assume significance as the "heart-to-heart" summit between Modi and Xi is being seen as an effort by India and China to rebuild trust and improve ties that were hit by the 73-day-long Dokalam standoff last year.

"The two leaders were of the view that the two countries have the maturity and wisdom to handle all our differences through peaceful discussions within the context of the overall relationships and bearing in mind, we would respect each other's sensitivities, concerns and aspirations," Gokhale said.

Modi and Xi underlined that as two major countries, India and China have wider and overlapping regional and global interests. They agreed on the need to strengthen strategic communication through greater consultation on all matters of common interest.
 
"They believe that such strategic communication will have a positive influence on enhancing mutual understanding and will contribute to regional and global stability," Gokhale said.

The two leaders recognised the common threat posed by terrorism and committed to cooperate further on counter-terrorism, he said.

When asked whether the issue of Jaish-e-Mohammad chief Masood Azhar was raised, Gokhale said the two leaders "did not go into specifics". China has repeatedly blocked India's bid to designate Azhar as a global terrorist by the United Nations.

The two leaders agreed that India and China are major powers, with strategic and decisional autonomy, and they will pursue peaceful, stable and balanced relations. Such a relationship will be a positive factor for stability amid the current global uncertainties, Gokhale said amid increasing protectionist moves by countries like the US.

"The developments were reviewed from the strategic and long-term perspective. A number of areas where we have conversions were identified, and it was decided that through the established mechanisms, we have about 20 such mechanisms at various levels, through such established mechanisms we would try and build this conversation," Gokhale said.

The two leaders underlined that trade should be balanced, it should be sustainable, and that the two sides should take advantage of the complementarities between the two economies.
Modi also mentioned the importance of balancing trade and the scope of the possibilities of agricultural exports and pharmaceutical exports to China.

The two sides also discussed climate change, sustainable development and food security. Xi shared his experience in terms of the preservation of the Yangtze - China's longest river - and Modi shared his own experience on the question of the cleaning of the Ganga - India's longest river.

They also discussed how to promote sports between the two countries and how to strengthen tourism on the Buddhist circuit.

"They reiterated the importance of building an open, multi-polar, pluralist and participatory global economic order which will enable all countries to pursue their development and contribute to the elimination of poverty and inequality in all regions of the world. They spoke of their respective efforts to contribute to the regional and global economic development," Gokhale said.

"The forward-looking dialogue helped them in forging a common understanding of the future direction of India-China relations built upon mutual respect for each other's developmental aspirations and prudent management of differences with mutual sensitivity," Gokhale added.

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News Network
June 29,2020

Karachi, Jun 29: Four heavily-armed militants attacked the busy Pakistan Stock Exchange on Monday morning, killing four security guards and a police sub-inspector before being shot dead in an exchange of fire, media reports said.

The unidentified militants opened indiscriminate fire and lobbed hand grenades at the main gate of the building as they tried to storm it, Geo News reported.

Police said that all the terrorists have been killed while five persons injured in the attack.

Four security guards and a police sub-inspector were also killed in the attack.

"An unfortunate incident took place at the Pakistan Stock Exchange. They made their way from our parking area and opened fire on everyone," said Abid Ali Habib, Director of Pakistan Stock Exchange.

The firing by militants caused panic among the people in the building.

Sindh province Governor Imran Ismail condemned the incident.

"Strongly condemn the attack on PSX aimed at tarnishing our relentless war on terror. Have instructed the IG & security agencies to ensure that the perpetrators are caught alive & their handlers are accorded exemplary punishments. We shall protect Sindh at all costs," he said on Twitter.

Police and rangers have arrived on the spot and surrounded the area.

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News Network
March 4,2020

New Delhi, Mar 4: The Supreme Court on Wednesday revoked the ban of cryptocurrency imposed by the Reserve Bank of India (RBI) in 2018.

Pronouncing the verdict, the three-judge bench of the apex court said the ban was 'disproportionate'.

The bench included Justice Rohinton Fali Nariman, Justice S Ravindra Bhat and Justice V Ramasubramanian.

The Internet and Mobile Association of India (IAMAI), whose members include cryptocurrency exchanges, and others had approached the top court objecting to a 2018 RBI circular directing regulated entities to not deal with cryptocurrencies.

Advocate Ashim Sood, appearing for IAMI, submitted that Reserve Bank of India lacked jurisdiction to forbid dealings in cryptocurrencies. The blanket ban was based on an erroneous understanding that it was impossible to regulate cryptocurrencies, Sood submitted.

The petitioners had argued that the RBI's circular taking cryptocurrencies out of the banking channels would deplete the ability of law enforcement agencies to regulate illegal activities in the industry.

IAMAI had claimed the move of RBI had effectively banned legitimate business activity via the virtual currencies (VCs).

The RBI on April 6, 2018, had issued the circular that barred RBI-regulated entities from "providing any service in relation to virtual currencies, including those of transfer or receipt of money in accounts relating to the purchase or sale of virtual currencies".

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News Network
January 3,2020

Washington, Jan 3: US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani, who died in Baghdad "in a decisive defensive action to protect US personnel abroad," the Pentagon said Thursday.

"General Soleimani was actively developing plans to attack American diplomats and service members in Iraq and throughout the region. General Soleimani and his Quds Force were responsible for the deaths of hundreds of American and coalition service members and the wounding of thousands more," the Department of Defense said.

Following Soleimani's death, Trump tweeted an image of the US flag without any further explanation.

"US' act of international terrorism, assassinating General Soleimani—the most effective force fighting Daesh (ISIS), Al Nusrah,Al Qaeda, is extremely dangerous & foolish escalation. US bears responsibility for all consequences of rogue adventurism." said Iran Foreign Minister Javad Zarif.

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