New Delhi, Beijing support trilateral with US, says Chinese Ambassador

December 13, 2014

New Delhi, Dec 13: India and China today supported the idea of a trilateral dialogue involving them and the US to deal with major global challenges and ensure better mutual ties.LeYucheng

"I agree with the proposal to launch a trilateral talk between China, the US and India. I think it is a good idea. China is open to any dialogue if it produces peace and development. I think it is a very positive idea," Chinese Ambassador Le Yucheng said.

He was replying to a question at an interactive session at the conference on "Shaping the 21st Century: India, the US and China" organised by Bengaluru-based media group Deccan Herald.

Minister of State for External Affairs V K Singh also supported the idea, saying such a proposal will enhance cooperation between the three countries which have strong ties bilaterally with each other.

The idea for such a dialogue was mooted by former Union Minister Jairam Ramesh while addressing the conference.

Editor of Deccan Herald K N Tilak Kumar said the world today was witnessing a tectonic change with the phenomenal rise of China and the continued prominence of the US.

"Both countries are important to India and each one of the three have high stakes in economic ties with the other two," Kumar said, adding the kind of three-way relationship between them will be important not only to each of them but to the whole world.

The combined contribution of India, US and China to the global GDP is between 40 and 45 per cent and their population is estimated at 40 per cent of the world.

Singh and Le also agreed that the boundary question should be resolved mutually and peace and tranquility at the border should be maintained.

Listing the commonalities and shared interests, Singh said if "you have a trilateral dialogue, I think it will only further the type of interests (we are) seeking."

In his address, the Chinese ambassador said he was "very optimistic" about the "future" between India and China and underlined the need for ensuring peace on the border before reaching a final solution.

The Chinese envoy also talked about the trade imbalance with India and said China was opening up its market for Indian companies in many areas to find a solution to the issue.

Replying to a question on South China Sea dispute, he termed it as a complicated issue but asserted that China's sovereignty over the islands in the area was "undisputed".

"It is very complicated (issue). I think if we develop very good relation and cooperation with (concerned countries) we can find a way out. One thing is clear that China's sovereignty over these islands is undisputed," Le said.

In his address, the envoy said though China was "rising" as a major power, it does not seek "hegemony"

"China will remain a benign power and conduct its foreign policy in a constructive way and we will uphold international justice. We will seek cooperative relations with major powers and India. China is not a destroyer and challenger to world order. It is a contributor," he said.

Earlier, Ramesh strongly advocated an institutionalised mechanism for trilateral dialogue among the three powers to deal with issues like climate change, terrorism, energy security and to stop nuclear proliferation.

Ramesh said such a platform was necessary to ensure that differences on various issue do not result in "needless confrontation" and to ensure cohesion on strategic matters.

Identifying climate change as a major issue, he said no global pact to combat global warming was possible without an understanding among the US, China and India as they account for 45-50 per cent of world's green house gas emissions.

Currently, China accounts for about 29 per cent of green house gas emissions while it is 16 per cent by the US and 6 per cent by India. He also welcomed recent announcement by the US and China to take certain actions.

"Environmentally they may not be the most desirable or optimal actions. But these are politically and economically the most realistic action. I think the onus will be on India now to do something meaningful and substantial," he said.

Ramesh said combating terrorism and stopping nuclear proliferation were the other key issues the three countries should work together.

He said as three nuclear powers with substantial arsenals of "strategic and tactical" nuclear weapons, it was incumbent on the US, China and India to ensure nuclear non-proliferation and eliminate the threat of nuclear terrorism as well as to end weapons of mass destructions.

He said the three countries should also ensure that all the states are made accountable for actions of non-state actors whom they may be supporting tacitly. "All three countries have tremendous interests in ensuring that the sources of terrorism are eliminated."

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News Network
February 9,2020

Mumbai, Feb 9: Given the slow progress on the ongoing Rs 38,000-crore capacity expansion at the four largest metro airports, and also the surging traffic, the snaky queues will continue at least till 2023, warns a report.

The four largest airports -- New Delhi, Mumbai, Bengaluru and Hyderabad -- handle more than half of the traffic and are operating at 130 per cent of their installed capacity. These airports are under a record Rs 38,000-crore capex but the capacity will not come up before end-2023, says a Crisil report.

“With the dip in traffic growth largely behind, we expect congestion at the top four airports of New Delhi, Mumbai, Bengaluru and Hyderabad, which handle more than half of the load, to continue till about FY23,” says the report.

Already these airports are operating at over 130 percent of installed capacity, and the ongoing healthy traffic growth this operating rate is expected to rise further in the next 12 months.

“Operationalising of capacities in the following two fiscals will bring down utilisation levels albeit still high at over 90 per cent by fiscal 2023 and that is despite an unprecedented Rs 38,000 crore capex being undertaken by the operators of these airports over five fiscals 2020-24,” says the report.

Despite this unprecedented capex that is debt-funded, ratings are likely to be stable given the strong cash flows expected due to healthy traffic growth, low project risks associated with the capex and improving regulatory environment, notes the report.

“Capacity at these four airports will increase a cumulative 65 per cent to 228 million annually (from 138 million now) by fiscal 2023. However, traffic is expected to grow strong at up to 10 per cent per annum over the same period. Since additional capacities will become operational in phases only by fiscal 2023, high passenger growth will add to congestion till then,” warn the report.

High utilisation will ride on pent-up demand (accumulated in 2019 as traffic was impacted with the grounding of Jet Airways) and one-off issues with new aircraft of certain airlines.

Further impetus will also come from improving connectivity to lower-tier cities and reducing fare difference between air and rail. Increasing footfalls at airports provide a leg-up to non-aero streams such as advertising, rentals, food and beverage and parking, which comprise around half of the revenue of airports already.

These are expected to grow strongly at over 10-12 per cent, also supported by higher monetisation avenue coming along with current capex. The other half of revenue (aero revenue) is an entitlement approved by the regulator, providing a pre-determined, fixed return over the asset base and a pass-through of costs.

Aero revenue is also expected to get a bump up during fiscals 2022-24, when a new tariff order for airports is likely. Overall aggregate cash flows are likely to double by fiscal 2024 and provide a healthy cushion against servicing of debt contracted for capex, the report concludes.

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Agencies
July 7,2020

New Delhi, Jul 7: The University Grants Commission (UGC) has issued revised guidelines regarding the conduct of terminal semesters and final year exams by Universities and educational institutions. It has been suggested that exams may be completed by September in online or offline modes.

Releasing a statement, the UGC said it accepted the recommendations suggested by the expert committee. "In continuation to earlier Guidelines issued on 29.04.2020 and based on the Report of the Expert Committee, the UGC Revised Guidelines on Examination and Academic Calendar for the Universities in view of COVID-19 Pandemic were also approved by the Commission in its emergent meeting held on 6th July 2020," the statement read.

The Commission further said that while it was important to safeguard principles of health, safety and equal opportunities, it was also very important to ensure academic credibility, career opportunities and future progress of students.

"The Commission approved the recommendations of the Expert Committee regarding the conduct of terminal semester(s)/ final year(s) examinations by the universities/ institutions to be completed by the end of September 2020 in offline (pen & paper online/ blended (online + offline) mode," it added.

The UGC also said that if required it would also issue relevant details related to admissions and academic calendar in the universities and colleges. It asked the students to adopt the latest guidelines and complete the terminal semester or final year exams accordingly. 

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News Network
June 19,2020

New Delhi, Jun 19: India on Friday added 13,586 new COVID-19 cases for the first time in a single day, pushing the tally to 3,80,532, while the death toll rose to 12,573 with 336 new fatalities, according to the Union Health Ministry data.

In some positive news, the number of recoveries crossed the two lakh-mark and stands at 2,04,710, while there are 1,63,248 total COVID-19 active cases, according to the updated official figure at 8 am.

One patient had migrated.

"Thus, around 53.79 percent patients have recovered so far," an official said.

The total number of confirmed cases include foreigners. 

India registered over 10,000 cases for the eighth day in a row.

Of the 336 new deaths reported till Friday morning, 100 were in Maharashtra, 65 in Delhi, 49 in Tamil Nadu, 31 in Gujarat, 30 in Uttar Pradesh, 12 each in Karnataka and West Bengal, 10 in Rajasthan, six in Jammu and Kashmir, five in Punjab, four each in Haryana and Madhya Pradesh, three in Telangana, two in Andhra Pradesh and one each in Assam, Jharkhand and Kerala.

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