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.”

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 10,2020

New Delhi, May 10: India's COVID-19 count crossed 60 thousand on Sunday, with Maharashtra being the worst-affected due to the infection so far, according to the Union Ministry of Health and Family Welfare.

The number of total confirmed cases in the country rose to 62,939, including 19,358 patients who have been cured and discharged or migrated, according to the Ministry.

The total number of active cases in the country, therefore, stands at 41,472.

The number of deaths in the country due to the infection reached 2,109 on Sunday.

While Maharashtra, with 20,228 cases is the worst-affected state, it is followed by Gujarat with 7,796 and the national capital, Delhi, with 6,542 cases. Tamil Nadu, is marginally behind Delhi with 6,535 cases.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
July 10,2020

Kanpur, Jul 10: Kanpur encounter main accused Vikas Dubey, who was injured in an encounter with the police, died on Friday, the police said.

"Gangster Vikas Dubey arrested for killing eight policemen is dead," confirmed the police.

According to SP Kanpur West Anil Kumar, gangster Vikas Dubey attempted to flee after the car overturned. Dubey attempted to flee by snatching pistol of the injured policemen. However, he was shot in the retaliatory firing.

"Vikas Dubey attempted to flee by snatching pistol of the injured policemen after the car overturned. Police tried to make him surrender, during which he fired at the policemen. He was injured in retaliatory firing by police. He was later rushed to the hospital," SP Kanpur West told reporters here.

Dubey, the main accused in the Kanpur encounter was arrested by the police in Ujjain on Thursday morning. He was on the run for the last six days and had come to Ujjain to offer prayers at Temple, where he was identified by a security guard at the shrine.

The gangster is the main accused in the encounter that took place in Bikru village in Chaubeypur area of Kanpur last week, in which a group of assailants allegedly opened fire on a police team, which had gone to arrest Dubey. Eight police personnel were killed in the encounter.

Dubey managed to escape after the killing.  The Uttar Pradesh police launched a hunt for him and raised the bounty on him to Rs 5 lakh.

Bahua Dubey and Prabhat Mishra, close aides of the main accused, were killed in separate encounters in Etawah and Kanpur respectively, on Thursday.

The main accused's other aide Shyamu Bajpai was arrested by the Chaubeypur police following an encounter. He carried a reward of Rs 25,000, the police informed on Wednesday. Earlier the same day, Uttar Pradesh's Special Task Force (STF) gunned down Vikas Dubey's close aide Amar Dubey in Hamirpur district.

Comments

Kannadiga
 - 
Friday, 10 Jul 2020

No one fool other than ghobar society will believe on this news. Totally a goonda raj by yogiraaj.  He tried to offer 1crore to all killed policemen. But locals obligation now this is the  new drama. One way this is a lesson to his and his chaddi society's followers that party can take their own soldiers life for the self benefit.

Long Live India

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
Agencies
August 6,2020

Mumbai, Aug 6: Former Reserve Bank of India governor Raghuram Rajan said on Thursday that overly focusing on what sovereign rating agencies think can take one's eyes off what needs to be done for the economy.

"It is also important to convince both domestic and international investors that after the crisis associated with the pandemic is over, we will return to fiscal responsibility over the medium term, and the government should do more to convince them of that," Rajan told the Global Markets Forum.

India was placed under one of the strictest lockdowns in the world in late March for more than two months to stem the spread of the coronavirus, but cases have continued to rise steadily since the government eased restrictions in June, stymieing hopes of an economic recovery.

The government has announced several initiatives to help the poor and small- and medium-size businesses, but actual cash outgo from the government's measures has been estimated at just about 1% of GDP.

Several attribute the fiscal prudence to fear of a downgrade after Moody's cut India's rating and outlook in early June followed closely by a change in outlook from Fitch.

The central bank on its part too has reduced the key lending rate by 115 basis points on top of the 135 bps last year and is widely expected to cut rates by another 25 bps later on Thursday.

"The RBI and government have certainly been cooperating, but it seems like it is elsewhere, the ball is in the government's court to do more," Rajan said.

He said the RBI needs to focus on whether credit is reaching the stressed areas of the economy and also if the viable firms were able to access credit and not the unviable ones.

"And I think that's where it has to focus its attentions, because resources, as you well know, are limited in India today."

Recently analysts, however, have cited the growing possibility the RBI may prefer to pause and cut rates only at its October meeting.

Government officials too have suggested the possibility of any more fiscal stimulus being announced, would only come in the second half of the fiscal year, once a recovery has taken root and coronavirus cases have peaked.

"What India should focus on at this point is protecting its economic capabilities, so that when it has dealt with the virus it can go resume activity in a reasonable way. That should be the focus," Rajan said.

"And if it does that, there is no reason why the rating agencies will not see that as an appropriate policy".

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.