Chinese Army spotted along LoC in Pak-occupied Kashmir

March 13, 2016

Srinagar, March 13: After frequent incursions in Ladakh area, Chinese People's Liberation Army (PLA) troops have been spotted at forward posts along the Line of Control (LoC) on the Pakistani side of Kashmir, ringing alarm bells in the security grid.chinese-army

The Army has spotted presence of senior PLA officials at the forward posts opposite Nowgam sector in North Kashmir after which some intercepts of Pakistani army officers suggested that the Chinese troops have come to create some infrastructure along the LoC, sources in the know of developments said today.

Army has officially maintained complete silence on the issue but have been constantly updating various intelligence agencies about the presence of PLA troops along the Line of Control, the sources said.

The PLA troops were first spotted in the later part of the last year and ever since their presence was witnessed opposite Tangdhar sector as well. In this area, Chinese government-owned China Gezhouba Group Company Limited has been building a Jhelum-Neelum 970 MW Hydel power project.

The hydel project is being built in response to India's Kishanganga power project being built in Bandipore of North Kashmir. The Indian project is designed to divert water from the Kishanganga River to a power plant in the Jhelum River basin and will have an installed capacity of 330 MW. Construction on the project began in 2007 and is expected to be complete this year.

The intercepts also suggested that Chinese PLA would be digging some tunnels in Leepa Valley, located in Pakistan-occupied Kashmir (PoK), to build an all-weather road which will serve as an alternate route to reach Karakoram Highway.

The visit by PLA officials is seen by experts as part of Beijing's 46 billion dollar China-Pakistan-Economic Corridor (CPEC) under which Gwadar port in Karachi is linked to Chinese Xinjiang province through Karakoram highway, an area under illegal occupation of China.

As the CPEC project was given final shape, India had last year registered its protest against the presence of Chinese troops in Gilgit and Baltistan, an area in PoK, saying that it was unacceptable to India.

In the meantime, some of the experts in the nation's security grid have been giving serious thoughts to the presence of PLA in close proximity with Pakistani army officials. Chinese officials have maintained that CPEC was an economical package to link Asia with Eurasia.

Srikanth Kondapalli, Professor in Chinese Studies at Jawaharlal Nehru University, who has been part of think-tank on Indian policy towards China, feels that the over growing presence of Chinese PLA was a cause of worry for India.

"What we know is that China is going to raise three divisions of its PLA under a local name in PoK that will guard the Chinese interests in occupied Kashmir. One needs to understand the game plan of Beijing," he said.

Reports emerging from PoK were suggesting that PLA under a local name will establish a security wing in the PoK so that India does not protest. The new three divisions, around 30,000 men, will be deployed in and around the installations built by the Chinese firms, the sources said, adding this way Beijing can also justify its presence along the LoC in northern part of Kashmir.

Comments

ali
 - 
Sunday, 13 Mar 2016

Indian media will not highlight this issue, because our current government is not able to face stronger countries like china. They can fight against poor countries like Pakistan, Bangladesh or Nepal

PK
 - 
Sunday, 13 Mar 2016

Instead of fighting our own indian. the Cheddiwalas should go there and show their patriots to the country by defending from chinese advancement..

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Agencies
July 15,2020

Mumbai, Jul 15: In a mega investment announcement, Reliance Industries (RIL) Chairman Mukesh Ambani on Wednesday said that Google will invest ₹ 33,737 crore in Jio Platforms for an equity stake of 7.73%.

Google is investing at an equity valuation of ₹ 4.36 lakh crore, said an RIL regulatory filing.

"Jio Platforms Limited, a subsidiary of the Company, today signed binding agreements with Google International LLC pursuant to which Google would invest ₹ 33,737 crore for a 7.73 % equity stake in Jio Platforms Limited on a fully-diluted basis. Google is investing at an equity valuation of ₹ 4.36 lakh crore," it said.

The transaction is subject to customary regulatory approvals.

Speaking at the Annual General Meeting of RIL, Ambani said that he looks forward to working with investors in Jio Platforms in a collaborative way.

Making another major announcement, the RIL Chairman said that Jio has designed a complete 5G solution and it will be available for trials as soon as spectrum is available.

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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
June 24,2020

New Delhi, Jun 24: Over 1,500 urban and multi-state cooperative banks will be brought under the supervisory power of the Reserve Bank of India (RBI), said Union Minister Prakash Javadekar on Wednesday.

"Government banks, including 1,482 urban cooperative banks and 58 multi-state cooperative banks, are now being brought under supervisory powers of Reserve Bank of India (RBI); RBI's powers as they apply to scheduled banks will apply for cooperative banks as well," Javadekar said at a press conference, through video conferencing.

"The decision to bring 1,540 cooperative banks under RBI's supervision will give an assurance to more than 8.6 crore depositors in these banks that their money amounting to Rs 4.84 lakh crore will stay safe," he added.

The Minister of Information and Broadcasting further said that the Union Cabinet has approved a scheme "for interest subvention of 2 per cent to Shishu loan category borrowers under Pradhan Mantri Mudra Yojana, outstanding as on March 31, 2020, for one year to eligible borrowers."

The Minister also said that the Union Cabinet has approved the declaration of Kushinagar Airport in Uttar Pradesh as an international airport.

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