China bullying neighbours to reorder Indo-Pacific region: Pentagon

Agencies
February 13, 2018

WASHINGTON, Feb 13: China is coercing its neighbours to reorder the Indo-Pacific region, the Pentagon told Congress in its annual budget proposals for the fiscal 2019, beginning October 1 this year.

Trump administration on Monday released their proposal for the fiscal year 2019 budget. Fiscal years are different from calendar years. The budgetary proposal covers October 1, 2018, through September 30, 2019.

"China is leveraging military modernisation, influence operations and predatory economics to coerce neighbouring countries to reorder the Indo-Pacific region to their advantage," the Pentagon said in its annual defence budget for the fiscal 2019.

As China continues its economic and military ascendance, asserting power through an all-of-nation long-term strategy, it will continue to pursue a military modernisation programme that seeks Indo-Pacific regional hegemony in the near-term and displacement of the US to achieve global preeminence in the future, it said.

The most far-reaching objective of this defence strategy is to set the military relationship between the US and China on a path of transparency and non-aggression, it said.

According to the Pentagon, the central challenge to the US prosperity and security is the reemergence of long term, strategic competition by what the national security strategy classifies as revisionist powers.

"It is increasingly clear that China and Russia want to shape a world consistent with their authoritarian model — gaining veto authority over other nations' economic, diplomatic and security decisions," it said.

The Pentagon said Russia seeks veto authority over nations on its periphery in terms of its governmental, economic and diplomatic decisions to shatter the North Atlantic Treaty Organisation and to change European and Middle East security and economic structures to its favour.

The use of emerging technologies to discredit and subvert democratic processes in Georgia, Crimea and eastern Ukraine is concern enough, but when coupled with its expanding and modernising nuclear arsenal the challenge is clear.

"Rogue regimes such as North Korea and Iran are destabilising their regions by pursuing nuclear weapons or sponsoring terrorism," the Pentagon said.

North Korea seeks to guarantee regime survival and increased leverage through a mixture of nuclear, biological, chemical, conventional and unconventional weapons and a growing ballistic missile capability to gain coercive influence over South Korea, Japan and the US.

In the Middle East, Iran is competing with its neighbours, asserting an arc of influence and instability while vying for regional hegemony, using state-sponsored terrorist activities, a growing network of proxies and its missile programme to achieve its objectives, the Pentagon said.

According to the budgetary proposals, competitor states, especially China and Russia have narrowed department of defence's military technological advantages, demanding the US find new and innovative ways to fight in the future.

"China is now a strategic competitor, using predatory economics to intimidate its neighbours while militarising features in the South China Sea. Russia has violated the borders of nearby nations, and pursues veto power over the economic, diplomatic and security decisions of its neighbours," it said.

Concurrently, North Korea's actions and rhetoric continue despite the United Nation's censure and sanctions.

Iran continues to sow violence and remains the most significant challenge to the Middle East stability.

Despite the defeat of the Islamic State of Iraq and Syria's (ISIS) physical caliphate, threats to stability remain as terrorist groups with long reach continue to murder innocent people and threaten peace, the Pentagon added.

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News Network
February 5,2020

New Delhi, Feb 5: Union Home Minister Amit Shah on Tuesday announced that the Shri Ram Janmabhoomi Teertha Kshetra, set up by the government for construction of a temple in Ayodhya, will have 15 trustees and one of them will be from the Dalit community.

The statement comes a little over an hour after Prime Minister Narendra Modi announced in Lok Sabha about the constitution of the trust.

"There will be 15 trustees in the Shri Ram Janmabhoomi Teertha Kshetra Trust out of which one trustee will always be from the Dalit society," he tweeted.

Shah congratulated Modi "for such an unprecedented decision" that strengthens social harmony.

The home minister said the trust will be independent to take every decision related to the temple and 67 acres of land will be transferred to it.

"I fully believe that the waiting of millions of people for centuries will be over soon and they will be able to pay obeisance to Lord Shri Ram in his grand temple at his birthplace," he said.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
July 14,2020

Washington, Jul 14: Florida on Sunday reported a record 15,300 new coronavirus cases, the most by any state in a single day even as the coronavirus cases in the country have surged to 3,363,056.

The Washington Post reported that the huge number was result of both increased testing and widespread community transmission. The numbers shattered previous highs of 11,694 reported by California last week and 11,571 reported by New York on April 15.

Natalie E. Dean, an assistant professor of biostatistics at the University of Florida wrote that with Florida largely open for business, he doesn't expect this surge to slow.

Nationally, the conversation over reopening has become increasingly fraught amid the newly soaring case numbers, with much of the debate centering on whether schools should open their doors in the fall, reported the Post.

The Health workers in California and Texas too are facing an influx of COVID-19 patients where officials reported seven day averages for new cases - 8,664 and 9060 respectively.

According to the report, Florida has reported nearly 70,000 cases in last week alone, the most of any state.

Even though the COVID-19 cases are surging, Florida Gov. Ron DeSantis has stuck to an aggressive reopening plan with state officials recently ordering schools to reopen five days a week in the new academic year.

The state is also set to hold the Republican National Convention next month in Jacksonville's VyStar Veterans Memorial Arena, an indoor facility that seats about 15,000, reported Washington Post.

Seven-day averages for new cases -- considered a more reliable indicator of the virus's impact than single-day totals -- hit new highs in Alabama, Florida, Mississippi, Montana, North Carolina, Oklahoma and Puerto Rico.

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