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
March 9,2020

Mumbai, Mar 9: India's Yes Bank will not be merged with State Bank of India, which is set to infuse funds in the beleaguered lender, the newly appointed administrator leading the rescue plan said in a television interview on Monday.

"There is absolutely no question of a merger," Prashant Kumar, the administrator, told the CNBC TV18 channel.

The Reserve Bank of India (RBI) on Thursday took control of Yes Bank, after the lender - which is laden with bad debts - failed to raise the capital it needs to stay above mandated regulatory requirements.

Placing Yes Bank under a 30-day moratorium, the central bank imposed limits on withdrawals to protect depositors and said it would work on a revival plan. The move spooked depositors, who rushed to withdraw funds from the bank.

Kumar, a former finance chief at SBI, assured depositors their money was safe and that the moratorium on Yes Bank might be lifted much before the deadline on April 3 and normal banking operations might resume as early as Friday.

He also mentioned that the withdrawal limit of Yes Bank may be removed by March 15, 2020.

SBI Chairman Rajnish Kumar said on Saturday the state-run bank would need to invest up to 24.5 billion rupees ($331 million) to buy a 49% stake in Yes Bank as part of the initial phase of the rescue deal, adding that the survival of troubled lender was a "must".

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Agencies
August 6,2020

New Delhi, Aug 6 : With a single-day spike of 56,282 new COVID-19 cases and 904 deaths in the last 24 hours, India's COVID-19 tally reached 19,64,537 on Thursday.

With the increase of 904 deaths, the toll due to the disease now stands at 40,699 in the country, according to the Union Ministry of Health and Family Welfare (MoHFW).

The COVID-19 count includes 5,95,501 active cases and 13,28,337 cured/discharged/migrated patients.

Meanwhile, as per the MoHFW, the percentage of discharged patients stands at 67.62, while the active cases are at 30.31 in the country as of today.

The deaths reported due to the infection are currently at a little above two per cent of the total confirmed cases in the country.

Maharashtra with 1,46,268 active cases and 3,05,521 cured and discharged patients continues to be the worst affected. The state has also reported 16,476 deaths due to the infection.

Tamil Nadu has 54,184 active cases while 2,14,815 patients have been discharged after treatment in the state. 4,461 deaths have been reported due to COVID-19 in the state.

Andhra Pradesh with 80,426 active cases is the third on the list. There are 1,04,354 cured and discharged patients and 1,681 deaths reported from the state.

The national capital's active cases tally once again crossed the 10-thousand mark with 175 new cases being reported. Delhi now has 10,072 active cases and 1,26,116 cured and discharged patients. 4,044 people have lost their lives due to the disease in the Union Territory so far.

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News Network
July 9,2020

Washington, Jul 9: The United States recorded 55,000 new coronavirus cases in 24 hours on Wednesday (Thursday in Malaysia), a tally by Johns Hopkins University showed, bringing its total to 3,046,351 recorded infections since the pandemic began.

The country, the hardest-hit in the world, had earlier on Wednesday passed the grim milestone of three million infections. The actual number is likely far higher due to issues over getting tested in March and April.

The US also added an additional 833 virus deaths, bringing the death toll to 132,195, the Baltimore-based institution showed at 8.30pm (0030 GMT Thursday).

US President Donald Trump regularly downplays the numbers, attributing them to an increase in testing capacity during the month of June.

Coronavirus cases are surging in several southern hotspots including Texas, Florida, Louisiana and Arizona, but the pandemic has almost entirely receded from its former epicentre in New York and the north-east.

Several states have been forced to suspend their reopening processes or even reverse course, with some ordering bars to close again.

On Wednesday morning, Trump called on schools throughout the country to reopen in the fall, lashing out at his own top health agency to ease health and safety requirements aimed at slowing the spread of the virus, such as social distancing.

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