We’ll take bilateral relations to new heights, Li says

May 21, 2013
li_copyNew Delhi, May 21: Chinese Premier Li Keqiang on Tuesday said India and China have the “wisdom” to find mutually acceptable solution to the boundary problem and the two countries have not shied away from addressing the vexed issue.

Mr. Li also said China will support its enterprises to increase investments in India and help Indian products have access to Chinese market as he supported a favourable trade balance in a bid to decrease mounting bilateral trade deficit.

A day after two rounds of talks with Prime Minister Manmohan Singh, Mr. Li said China has the intention to “sincerely” resolving the pending issues, including that of cross-border rivers, and favoured increased bilateral relations between the two big neighbours.

Supporting a favourable trade balance and seeking to decrease trade deficit between India and China, he said Beijing will support Chinese enterprises to increase investments in India and help Indian products have access to Chinese market.

Addressing the Indian industry at a function organised by FICCI in Delhi, the Chinese Premier said cooperation between the two big neighbours will lead to a “new paradigm” of cooperation.

“India and China have not shied away from addressing boundary question, have wisdom to find a fair and mutually acceptable solution...We have been able to put all issues on the table,” he said.

He also quoted a Chinese proverb — a distant relative may not be useful as a near neighbour — to emphasise on the relations between the two neighbours.

Invoking ancient relations between the two, he said, “We will be able to take the bilateral relations to new heights. We have launched a new agenda...taking India-China relations to a new starting point for further growth,” he said.

“We are one-third of world’s total population and our interactions attract the world. Without doubt, China-India relations are most important global relations,” he said.

Stressing on the need for increased people-to-people interaction between India and China, Mr. Li declared 2014 as the year of exchanges between the two nations “so as to boost our understanding and friendship”.

Mr. Li favoured peace and stability in the South-East Asia region and hoped the “relevant issues” will be resolved soon.

“We have also discussed issues of regional security. We hope there is peace and stability in South Asia and a stable South-East Asia is consistent with China’s interests,” he said.

On India-China trade relations, Mr. Li said it is imperative for the two countries to maintain a “dynamic trade balance”.

“India and China are huge markets with huge potentials...we will support Chinese enterprises to increase investments in India and help Indian products have access to Chinese market,” he said.

While striving to realise the trade turnover target of USD 100 billion by 2015, the two countries agreed to take measures to address the issue of trade imbalance. These include cooperation on pharmaceutical supervision, including registration, stronger links between Chinese enterprises and Indian IT industry, the joint statement said.

Mr. Li said peaceful co-existence between India and China will be of global significance and they should seek cooperation from not afar but closely.

The cooperation between the two countries will induct a “new dynamism” in its relations, he said.

Noting that China is still a developing country, he said, “I want the voice of developing countries to be stronger. China and India are linked to each other through natural boundaries. Our friendly relations date back to ancient time.”

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News Network
July 10,2020

New Delhi, Jul 10: Nepal has banned all Indian news channels, except DD News, for alleged propaganda against the country.

Reports say that Nepal cable operators have stopped getting signals of Indian news channels.

Nepal government spokesperson Yuvaraj Khatiwada said: "We request all not to disseminate news that infringes sovereignty and self-respect of Nepalis. This includes the media of neighbouring countries. We might seek both political and legal remedies."

Earlier, Nepal has amended its map which show some Indian territory as part of it.

Nepal's parliament on June 13 adopted unanimously the Constitution Amendment Bill, paving the way for accommodating the updated political-administrative map, which includes Indian areas of Kalapani, Lipulekh and Limpiyadhura, in its symbol.

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News Network
July 26,2020
Bhopal, Jul 26: BJP MP Pragya Singh Thakur on Saturday appealed people to recite the Hanuman Chalisa five times a day till August 5, which she believes will rid the world of the coronavirus pandemic.
`Bhoomi pujan’ or the ground-breaking ceremony for the construction of Ram temple at Ayodhya is to take place on August 5.
“Let us all of us together make a spiritual effort to wish people good health and end the coronavirus epidemic.
Recite ‘Hanuman Chalisa’ five times a day at your home from July 25 to August 5,” the Bhopal MP tweeted.
“Conclude this ritual by lighting lamps on August 5 and offering ‘aarti’ to Lord Ram at home,” she added.
She also shared a video on Twitter, in which she said the BJP government in Madhya Pradesh is making efforts to contain the spread of coronavirus by imposing lockdown in Bhopal till August 4.
“Though the lockdown will be over on August 4, this ritual (recitation of the Hanuman Chalisa, a hymn in praise of Lord Hanuman) will end on August 5, when ‘bhoomi pujan’ for Ram temple in Ayodhya will be performed. We will celebrate that day like Diwali,” she added.
“When people... Hindus from across the country recite the ‘Hanuman Chalisa’ in one voice, it will definitely work and we will be free from coronavirus...This is your prayer to Lord Ram,” said Thakur.

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News Network
February 28,2020

Feb 28: The best economic tonic for the coronavirus shock is to contain its spread and worry about stimulus later, said Raghuram Rajan, former head of the Reserve Bank of India.

There’s little central banks can do, and while more government spending would help, the priority should be on convincing companies and households that the virus is under control, he said.

“People want to have a sense that there is a limit to the spread of this virus perhaps because of containment measures or because there is hope that some kind of viral solution can be found,” Rajan told Bloomberg Television’s Haidi Stroud Watts and Shery Ahn.

“At this point I would say the best thing that governments can do is to really fight the epidemic rather than worry about stimulus measures that comes later,” said Rajan, who is currently a professor at the Chicago Booth School of Business.

The spread of coronavirus is pushing the world economy toward its worst performance since the financial crisis more than a decade ago.

Bank of America Corp. economists warned clients Thursday that they now expect 2.8% global growth this year, the weakest since 2009.

“We have moved from extreme confidence in markets to extreme panic, all in the space of one week,” said Rajan, who previously was chief economist at the International Monetary Fund.

The virus outbreak will force companies to rethink supply chains and overseas production facilities, he said.

“I think we will see a lot of rethinking on this, coming on the back of the trade disruption, now we have this,” Rajan said. “Globalization in production is going to be hit quite badly.”

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