Indo-Sino ties can't take strain of another Doklam

Agencies
June 18, 2018

New Delhi, Jun 18: Bilateral ties between India and China can't take the strain of another Doklam episode, the Chinese envoy to India Luo Zhaohui said on Monday, emphasising on the need to find a "mutually acceptable solution" on the boundary issue through a meeting of the Special Representatives.

The Chinese envoy said at an event here that "some Indian friends" had suggested a trilateral summit comprising India, China and Pakistan, which was a "very constructive" idea.

Dwelling on Sino-Indian ties, he said it is quite natural to have differences but they need to be controlled and managed through cooperation.

"We need to control, manage, narrow differences through expanding cooperation. The boundary question was left over by history. We need to find a mutually acceptable solution through Special Representatives' Meeting while adopting confidence-building measures," he said.

"We cannot stand another Doklam (sic)," the envoy said.

He was delivering a keynote address on 'Beyond Wuhan: How Far and Fast can China-India Relations Go' at an event organised by the Chinese Embassy here.

Indian and Chinese troops were involved in a 73-day stand-off at the Doklam tri-junction of India, Bhutan and China between June to August last year.

One of the immediate fallouts of the Doklam stand-off was the suspension of the Kailash Mansarovar Yatra from Nathu-La side and the annual military exercise between the two countries. China also did not give the hydrological data of the Brahmaputra and the Indus river that originates in Chinese Tibet.

The envoy today said China will continue to promote religious exchanges and make arrangements for Indian pilgrims going to Kailash Mansarovar in Tibet.

Post-Doklam, there have been frequent high-level engagements between the leaders of the two countries.

This year alone, Prime Minister Narendra Modi and Chinese President Xi Jinping have met twice in the last two months in Wuhan and Qingdao.

Luo said the two leaders are also likely to meet on the sidelines of the BRICS Summit and G20 Summit later this year.

He noted that security cooperation is one of the three pillars of the Shanghai Cooperation Organisation, an eight-member grouping also comprising India, China and Pakistan.

The envoy said the proposal of India, China and Pakistan holding a trilateral summit was "very constructive". Leaders of China, Russia and Mongolia hold a similar meet, he noted.

"This is a proposal suggested by some Indian friends and it is a very a good and constructive idea. Maybe not now, but in the future, that is a great idea."

The envoy added that relations between India and China have gone beyond the bilateral scope.

"We need to enhance coordination and cooperation in SCO, BRICS and join hands to tackle social challenges," he said.

Responding to a question on India-China cooperation in Afghanistan, Luo said the two countries have identified a programme to train Afghan public servants and diplomats.

"This is the first step and in future, there is more...," he said.

In the informal summit between Modi and Xi at the Wuhan, the two countries had agreed to work jointly on an economic project in Afghanistan.

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News Network
January 29,2020

Jan 29: Multiple organisations have called for a Bharat Bandh today in order to protest against the recently passed Citizenship Amendment Act and the proposed National Register of Citizens (NRC). The Bharat  Bandh today has been organised in Surat in Gujarat, Jharkhand and Andhra Pradesh. Increased security measures have been put in place in the three states keeping in view the call for shutdown.

According to media reports, the call for Bharat Bandh was given by Maulana Sajjad Nomani of the All India Muslim Personal Law Board (AIMPLB). This was to protest against the controversial CAA-NRC. This call is supported by an NGO based in Surat, Versatile Minorities Forum (VMF). Apart from the VMF, the call for strikes has been supported by organizations such as Bahujan Kranti Morcha, National Association of Street Vendors of India Surat chapter and the Textile Market Workers' Union.

The workers of the VMF were also spotted distributing pamphlets and urging people to support the strike. Several shopkeepers have also put up notices stating that their shops will be shut for the day.

Earlier, Bharat Bandh was called by 10 trade unions and several bank employees in order to protest against the "anti-people policies of the government" on January 8 and 9. A few violent incidents during this Bharat Bandh were reported in West Bengal.

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News Network
March 4,2020

London, Mar 4: The UK government has reiterated its concern over the potential impact of the Citizenship Amendment Act (CAA) and said it is continuing to follow the events in India closely.

In response to an urgent question on “Recent Violence in India” tabled by Pakistani-origin Opposition Labour Party MP Khalid Mahmood in the House of Commons on Tuesday, UK’s Minister of State in the Foreign and Commonwealth Office (FCO) Nigel Adams said the UK engages with India at all levels, including on human rights, and also referred to the country's "proud history" of inclusive government and religious tolerance.

"The UK government also have concerns about the potential impact of the legislation (CAA),” said Adams, the Minister for Asia who was standing in for UK Foreign Secretary Dominic Raab, who is on a visit to Turkey.

"It is because of our close relationship with the government of India that we are able to discuss difficult issues with them and make clear our concerns where we have them, including on the rights of minorities. We will continue to follow events closely and to raise our concerns when we have with them,” said the minister.

While Mahmood, who had tabled the urgent question for an FCO statement, described the government response as “facile”, another Pakistani-origin MP Nusrat Ghani called on the government to relay the UK Parliament's concerns to the Indian authorities.

British Sikh Labour MP Tanmanjeet Singh Dhesi said the violence had brought back “painful personal memories” from the 1984 Sikh riots while he was studying in India and fellow Sikh MP Preet Kaur Gill also referenced 1984 in her intervention.

Other MPs sought to highlight the steps taken by the Indian authorities to restore “peace and tranquillity” in Delhi.

“He will be aware that it is not just Muslims who have been killed; Hindus have also been killed as part of the riots,” said Conservative Party MP Bob Blackman.

Scottish National Party (SNP) MP Alyn Smith sought the UK government’s intervention to share best practice around countering the online disinformation campaign being used in India to “inflame tensions”.

“We are in constant contact on these issues, and we know how important this is to Members of Parliament and their constituents, who may have family in the area,” said Adams, in his response.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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