China rubbishes Modi’s ‘expansionist’ remark

February 24, 2014

China_rubbishes_ModiBeijing, Feb 24: China today asserted that it had never waged a war to occupy "an inch of land of other countries", days after BJP's Prime Ministerial candidate Narendra Modi slammed the Communist giant for its "expansionist mindset".

"You mentioned expansionism by the Chinese side. I believe all of you can see that China has never waged a war of aggression to occupy an inch of land of other countries," Chinese Foreign Ministry spokesperson Hua Chunying told reporters while responding to questions on Modi's remarks.

"We always reiterate that we take real actions to commit through the peaceful development path" and are committed to good neighbourliness and cooperative relations, she said.

"There has never been any armed clashes in border areas over the years. So there is very strong evidence that we have the capability to maintain peace there. This is very good for the future development of the bilateral relations," she said, highlighting that there was no major confrontation at Sino-Indian borders after the 1962 war.

"It is not only good for our two people but also to the whole region," Hua said, adding that "we hope to work together with our Indian counterpart to that end". Modi, at a rally in Pasighat in Arunachal Pradesh on Saturday, asked China to shed its "expansionist mindset".

"China should shed its expansionist policy and forge bilateral ties with India for peace, progress and prosperity of both the nations," he said.

"Arunachal Pradesh is an integral part of India and will always remain so. No power can snatch it from us. People of Arunachal Pradesh didn't come under pressure or fear of China," Modi said.

Responding to Modi's remarks, Hua said, "our position on the Eastern sector of the boundary is very consistent and clear cut. We would like to develop good neighbourliness and friendly relations with our neighbours and resolve relevant disputes and differences through dialogue and consultations."

China claims Arunachal Pradesh as Southern Tibet and it is part of the dispute over the 4000 km-long Line of Actual Control between the two countries.

Hua said currently China and India are maintaining good momentum of bilateral relations."The two leaders have degree of consensus on the significance of growing bilateral relations. We hope to settle the boundary negotiations as soon as possible," she said.

Stating that the India-China Boundary dispute is a leftover from history, Hua said, "that our two countries have a dispute and differences on the boundary question is a fact that is clear to all to see."

Asserting that both India and China are committed to resolving the boundary dispute through peaceful negotiations, Hua highlighted the Special Representatives mechanism, headed by National Security Advisor Shivsankar Menon and Chinese State Councillor Yang Jiechi, which held 17th round of border talks in New Delhi this month. "Positive progress has been made (at the talks) and both sides spoke very highly of the positive outcomes of the meeting," she said.

Both countries are working hard to resolve relevant differences through friendly dialogue and consultations and "this point is beyond any doubt and any question. China has proven this with its real action," Hua said. The boundary issue is very sensitive and complicated. It cannot be solved overnight with few meetings or consultations, she stressed.

"There is one point that is clear that both China and India have made clear their resolve that is to carry out relevant negotiations and dialogue to peacefully resolve disputes, so as to find a mutually acceptable framework. Pending that both countries will commit to peace and tranquillity," Hua said.

"Now we want to maintain peace and tranquillity in border areas with relevant parties in India," she added.

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News Network
April 30,2020

Bengaluru, Apr 30: Shares of Glenmark Pharmaceuticals Ltd rose almost 9% on Thursday after the Indian drugmaker got an approval to conduct clinical trials with antiviral drug favipiravir, seen as a potential treatment for COVID-19.

Favipiravir, manufactured under the brand name Avigan by a unit of Japan's Fujifilm Holdings Corp and approved for use as an anti-flu drug in the Asian island country in 2014, has been effective, with no obvious side-effects, in helping coronavirus patients recover, a Chinese official told reporters at a news conference last month.

"After having successfully developed the API and the formulations ... Glenmark is all geared to immediately begin clinical trials on favipiravir on COVID-19 patients in India," Sushrut Kulkarni, executive vice-president for Global R&D, Glenmark Pharmaceuticals, said in a statement. 

The Drug Controller General of India, the country's drug regulator, did not immediately respond to Reuters request for comment.

On Wednesday, another Indian pharmaceutical company, Strides Pharma Science Ltd, said it had developed and commercialized favipiravir antiviral tablets, and had applied to Indian drug authorities to start trials.

Shares of Mumbai-based Glenmark Pharmaceuticals, which rose as much as 8.9% to 359 rupees ($4.78), was trading up 5.9%, as of 0407 GMT.

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Agencies
June 6,2020

Ahmedabad, June 6: Rattled by resignations of three MLAs ahead of the June 19 Rajya Sabha polls, the Congress in Gujarat on Saturday shifted several of its legislators to resorts and bungalows near their constituencies to thwart any "poaching" bid, a party leader said.

With the resignations of Akshay Patel and Jitu Chaudhary on June 3 and that of Brijesh Merja on June 5, the Congress' strength in the 182-member House has been reduced to 65.

The effective strength of the House, however, stands at 172 as of now as ten seats are currently vacant - two due to court cases and the rest because of resignations.

While several MLAs from north Gujarat were shifted to a resort near Ambaji in Banaskantha district, those from south and Central Gujarat were moved to private bungalows in Anand, Congress spokesperson Manish Doshi said, adding that legislators from Saurashtra region were shifted to a resort in Rajkot.
 

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News Network
March 27,2020

Mumbai, Mar 27: Reserve Bank of India (RBI) Governor Shaktikanta Das on Friday said that Monetary Policy Committee (MPC) has taken note of the global economic activity coming to a near standstill due to the coronavirus pandemic and added that large parts of the world could slip into recession in the coming days to the coronavirus crisis.
"The MPC noted that global economic activity has come to a near stand-still as COVID-19 related lockdowns and social distancing are imposed across a widening swath of affected countries. Expectations of a shallow recovery in 2020, from 2019's decade low in global growth, have been dashed," Das said.
"The outlook is now heavily contingent upon the intensity, spread and duration of the pandemic. There is a rising probability that large parts of the world will slip into recession," he added.
The RBI Governor further added that "the implied GDP growth of 4.7 per cent in Quarter 4 of 2019-20, in the second advance estimates of the National Statistics Office which was released in February 2020, within the annual estimate of 5 per cent for the year as a whole is now at risk."
As per the outlook for the year 2020-21, Das said, "Apart from continuing resilience of agriculture and allied activities most other sectors of the economy will be adversely impacted by the pandemic depending upon, its intensity, spread and duration."
Das also announced a reduction in the repo and reverse repo rates for banks.
"The repo rate has been reduced by 75 basis points to 4.4 per cent. The reserve repo rate has been reduced by 90 basis points to 4 per cent," Das said addressing the media.
The decision for "a sizeable reduction" in the policy repo rate, according to the RBI Governor was taken to "revive growth and mitigate the impact of COVID-19 and ensure financial stability." 

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