PM Narendra Modi, Xi Jinping meet in Wuhan for 'heart-to-heart' summit

Agencies
April 27, 2018

Wuhan, Apr 27: Prime Minister Narendra Modi and Chinese President Xi Jinping on Friday exchanged views on "solidifying" the India-China relationship as they began an unprecedented two-day informal summit here during which they will have a series of one-on-one conversations focussing on bilateral, global and regional issues.

Prime Minister Modi who arrived here in the central Chinese city early today for the informal summit began talks soon after President Xi hosted a grand welcoming ceremony for him.

The summit in Wuhan - the favourite holiday spot of revolutionary Chinese leader Mao Zedong - is being seen as an effort by India and China to rebuild trust and improve ties that were hit by the 73-day-long Dokalam standoff last year.

"And the much awaited Informal Summit gets underway! PM @narendramodi warmly welcomed by Chinese President Xi on his arrival at Hubei Provincial Museum in Wuhan. The two leaders had a one-on-one meeting during which they exchanged views on solidifying our bilateral relationship," . Ministry of External Affairs spokesperson Raveesh Kumar tweeted.

Kumar said they will review the developments in the bilateral relations from a strategic and long-term perspective during their meetings.

Modi and Xi shook hands and posed for photographs before witnessing a cultural programme at Hubei Provincial Museum in Wuhan.

"PM @narendramodi was welcomed at the Hubei Provincial Museum with an impressive cultural performance. India and China cultural connect go back many centuries and is reflected in present times through the popularity of Bollywood, Yoga and other aspects of Indian culture," Kumar tweeted.

During their one-on-one coversation, Modi told Xi that when he was the Gujarat chief minister, he had an opportunity to visit Hubei Province on a study tour to learn about the Three Gorges Dam.

"The speed with which you constructed this dam and its scale inspired me. So I came on a study tour and spent a day at dam," Modi said.

As the world's largest hydropower project, the Three Gorges project is a multifunctional water control system on the mighty Yangtze river. It comprises a dam stretching 2,309 meters long and 185 meters high, 32 hydropower turbo-generators, a five-tier ship lock and ship lift system.

The two leaders later visited an exhibition of Marquis Yi of Zeng Cultural Relics & Treasure at the Hubei Provincial Museum.

"Spending time together! In a special gesture, Chinese President Xi took PM @narendramodi on a tour of the exhibition of Marquis Yi of Zeng Cultural Relics and Treasure displayed at the Hubei Provincial Museum," Kumar tweeted.

The museum has a large number of state-level historic and cultural relics.

Officials said Modi and Xi would focuss on global, regional and bilateral issues.

The two leaders will later hold delegationb-level talks accompanied by six top officials from each side. The two leaders will have one-on-one dinner at a state guest house by the famous East Lake.

They will resume their one-on-one interaction tomorrow at 10 a.m (local time) with walks by the lake side, boat ride and wind up their talks over lunch, official sources here said.

The two leaders began their informal meetings way back in 2014 when Xi was hosted by Modi at the Sabarmati Ashram of Mahatma Gandhi in Gujarat. They have met and interacted with each other in about a dozen international meetings since then.

But this will be their "heart-to-heart" informal summit. There will be no agreement signed or a joint statement issued.

It is a summit, according to the officials, to forge consensus to resolve the issues with follow up actions by officials than announcing any agreements. This is something the leaders of the two countries have never tried so far, they said.

This is fourth visit of Modi to China after he came to power in 2014. He is again due to visit China to take part in the SCO summit to be held at Qingdao city on June 9-10.

China's state media said the informal Xi-Modi meeting heralds new chapter in Sino-Indian relations, an article in the state-run Global Times said.

"The Xi-Modi meeting in 2018 following the 2017 Dokalam standoff will without doubt promote mutual trust and reciprocity between the two countries, and will be a cornerstone of a stable long-term relationship between China and India," the article said.

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News Network
May 24,2020

New Delhi, May 24: The Indian economy is likely to slip into recession in the third quarter of this fiscal as loss in income and jobs and cautiousness among consumers will delay recovery in consumer demand even after the pandemic, says a report.

According to Dun & Bradstreet's latest Economic Observer, the country's economic recovery will depend on the efficacy and duration of implementation of the government's stimulus package.

"The multiplier effect of the stimulus measures on the economy will depend on three key aspects i.e. the time taken for effecting the withdrawal of the lockdown, the efficacy of implementation and duration of execution of the measures announced," Dun & Bradstreet India Chief Economist Arun Singh said.

The report noted that the government's larger-than-expected stimulus package is likely to re-start economic activities.

Besides, measures taken by the Reserve Bank of India like reducing the repo rate by a further 40 basis points to 4 per cent, extending the moratorium period by three months and facilitating working capital financing will also help stimulate the momentum.

Singh said while the measures announced by the government are "positive", most of them have been directed towards strengthening the supply side of the economy, and "it is to be noted that supply needs to be matched with demand", he said.

Besides, "in the absence of cash-in-hand benefits under the government's stimulus package, demand for goods and services is expected to remain depressed", he added.

He further said the loss in income and employment opportunities, and cautiousness among consumers, will lead to a delayed recovery in consumer demand, even after the pandemic. As debt and bad loan levels increase, the banking sector might face challenges.

The report further noted that even as the monetary stimulus is expected to inject liquidity and stimulate demand for a wider section of the economy, the channelisation of funds from the financial institutions will be subjected to several constraints.

The foremost concern being increase in risk averseness, as the balance sheets of firms, households, and banks/NBFCs have weakened considerably and low demand for funds by firms as production activities have been on a standstill during the lockdown period, Singh said.

India has been under lockdown since March 25 to contain the spread of the coronavirus, resulting in supply disruptions and demand compression.

Prime Minister Narendra Modi imposed a nationwide lockdown to control the spread of coronavirus on March 25. It has been extended thrice, with some relaxations. The fourth phase of the lockdown is set to expire on May 31. 

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News Network
February 4,2020

New Delhi, Feb 4: Senior BJP leader and Defence Minister Rajnath Singh on Monday accused Delhi's ruling Aam Aadmi Party of not implementing the central government's schemes in the national capital.

Addressing an election rally in Moti Bagh, he also sought to allay fears over the Citizenship Amendment Act (CAA), assuring the gathering that the legislation will not take away anyone's citizenship.

Singh alleged that the Chief Minister Arvind Kejriwal-led Delhi government did not do anything in the last five years.

The AAP had promised to add 5,000 buses to the fleet of the Delhi Transport Corporation (DTC), but instead the number has come down by 1,000, he claimed.

The Union minister said the AAP dispensation did not implement central schemes in Delhi fearing that the popularity of the Prime Minister Narendra Modi-led government will grow among Delhiites.

Pension schemes and the Centre's flagship health insurance scheme, Ayushman Bharat Yojana, are some of those that the Kejriwal government did not allow to be implemented in Delhi.

On the anti-CAA protests, Singh said that the opposition parties have been spreading "lies" about amended citizenship law and the National Population Register (NPR).

"The CAA will not take away anyone's citizenship. The opposition parties are spreading lies about the CAA. There should be no such politics over this. Some people are trying to write the history of the country with the ink of hatred," he said.

The culture of India is such that it considers the entire world one family, he said.

Delhi goes to polls on February 8. The results will be declared on February 11.

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News Network
July 20,2020

The International Cricket Council (ICC) today confirmed the ICC Men’s T20 World Cup in Australia 2020 has been postponed due to the ongoing COVID-19 pandemic

At today’s meeting of the IBC Board (the commercial subsidiary of the ICC), windows for the next three ICC men’s events were also agreed to bring clarity to the calendar and give the sport the best possible opportunity over the next three years to recover from the disruption caused by COVID-19.

The windows for the Men’s events are:

1. ICC Men’s T20 World Cup 2021 will be held October – November 2021 with the final on 14 November 2021

2. ICC Men’s T20 World Cup 2022 will be held October – November 2022 with the final on 13 November 2022

3. ICC Men’s Cricket World Cup 2023 will be held in India October – November 2023 with the final on 26 November 2023

The IBC Board agreed to continue to monitor the rapidly changing situation and assess all the information available in order to make a considered decision on future hosts to ensure the sport is able to stage safe and successful global events in 2021 and 2022.

The IBC Board will also continue to evaluate the situation in relation to being able to stage the ICC Women’s Cricket World Cup 2021 in New Zealand in February next year. In the meantime, planning for this event continues as scheduled.

The Board will also continue to evaluate the situation in relation to being able to stage the ICC Women’s Cricket World Cup 2021.

ICC Chief Executive Manu Sawhney said: “We have undertaken a comprehensive and complex contingency planning exercise and through this process, our number one priority has been to protect the health and safety of everyone involved in the sport.

“The decision to postpone the ICC Men’s T20 World Cup was taken after careful consideration of all of the options available to us and gives us the best possible opportunity of delivering two safe and successful T20 World Cups for fans around the world.

“Our Members now have the clarity they need around event windows to enable them to reschedule lost bilateral and domestic cricket. Moving the Men’s Cricket World Cup to a later window is a critical element of this and gives us a better chance of maintaining the integrity of the qualification process. This additional time will be used to reschedule games that might be lost because of the pandemic ensuring qualification can be decided on the field of play.

“Throughout this process we have worked closely with our key stakeholders including governments, Members, broadcasters, partners and medical experts to enable us to reach a collective decision for the good of the game and our fans. I would like to thank everyone involved for their commitment to a safe return to cricket.”

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