To build trust, Modi, Xi agree to issue 'strategic guidance' to their militaries

Agencies
April 28, 2018

Wuhan, Apr 28: Prime Minister Narendra Modi and Chinese President Xi Jinping have decided to issue "strategic guidance" to their militaries to strengthen communications and to build trust and understanding, a move aimed at avoiding a Dokalam-like situation in the future.

Modi said his talks with President Xi focussed on diverse areas of India-China cooperation. "We discussed ways to give impetus to our economic ties as well as people-to-people relations. Other areas we spoke about include agriculture, technology, energy and tourism," he said.

Briefing reporters at the end of the two-day informal summit between the two leaders in Wuhan on Saturday, Foreign Secretary Vijay Gokhale said the two leaders underscored the importance of maintaining peace and tranquillity in all areas of the India-China border region.

"To this end, they issued strategic guidance to their respective militaries to strengthen communication in order to build trust and mutual understanding and enhance predictability and effectiveness in the management of border affairs," Gokhale said.

The foreign secretary said the two leaders further directed their militaries to earnestly implement various Confidence Building Measures (CBMs) agreed upon between the two sides, including the principle of mutual and equal security, and strengthen existing institutional arrangements and information sharing mechanisms to prevent incidents in border regions.

They also endorsed the work of the special representatives to find a fair, reasonable and mutually acceptable settlement on the boundary issue.

The two countries have so far held 20 rounds of talks to resolve the boundary dispute and worked out different mechanisms to maintain peace along the 3,488-km long Line of Actual Control.

The remarks assume significance as the "heart-to-heart" summit between Modi and Xi 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.

"The two leaders were of the view that the two countries have the maturity and wisdom to handle all our differences through peaceful discussions within the context of the overall relationships and bearing in mind, we would respect each other's sensitivities, concerns and aspirations," Gokhale said.

Modi and Xi underlined that as two major countries, India and China have wider and overlapping regional and global interests. They agreed on the need to strengthen strategic communication through greater consultation on all matters of common interest.
 
"They believe that such strategic communication will have a positive influence on enhancing mutual understanding and will contribute to regional and global stability," Gokhale said.

The two leaders recognised the common threat posed by terrorism and committed to cooperate further on counter-terrorism, he said.

When asked whether the issue of Jaish-e-Mohammad chief Masood Azhar was raised, Gokhale said the two leaders "did not go into specifics". China has repeatedly blocked India's bid to designate Azhar as a global terrorist by the United Nations.

The two leaders agreed that India and China are major powers, with strategic and decisional autonomy, and they will pursue peaceful, stable and balanced relations. Such a relationship will be a positive factor for stability amid the current global uncertainties, Gokhale said amid increasing protectionist moves by countries like the US.

"The developments were reviewed from the strategic and long-term perspective. A number of areas where we have conversions were identified, and it was decided that through the established mechanisms, we have about 20 such mechanisms at various levels, through such established mechanisms we would try and build this conversation," Gokhale said.

The two leaders underlined that trade should be balanced, it should be sustainable, and that the two sides should take advantage of the complementarities between the two economies.
Modi also mentioned the importance of balancing trade and the scope of the possibilities of agricultural exports and pharmaceutical exports to China.

The two sides also discussed climate change, sustainable development and food security. Xi shared his experience in terms of the preservation of the Yangtze - China's longest river - and Modi shared his own experience on the question of the cleaning of the Ganga - India's longest river.

They also discussed how to promote sports between the two countries and how to strengthen tourism on the Buddhist circuit.

"They reiterated the importance of building an open, multi-polar, pluralist and participatory global economic order which will enable all countries to pursue their development and contribute to the elimination of poverty and inequality in all regions of the world. They spoke of their respective efforts to contribute to the regional and global economic development," Gokhale said.

"The forward-looking dialogue helped them in forging a common understanding of the future direction of India-China relations built upon mutual respect for each other's developmental aspirations and prudent management of differences with mutual sensitivity," Gokhale added.

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News Network
July 5,2020

New Delhi, Jul 5: With highest-ever single-day spike of 24,850 COVID-19 cases in 24 hours, India's coronavirus count stood at 6,73,165, informed the Union Ministry of Health and Family Welfare on Sunday.

Out of the total cases, 2,44,814 are active cases. On the other hand, India's cured/discharged patients count crossed the 4 lakh mark with 4,09,082 patients cured/discharged and one patient migrated.

As many as 613 deaths due to coronavirus were reported in the country in the last 24 hours taking the death toll in the country to 19,268.

Meanwhile, the ministry said that collective and focused efforts for containment and management of COVID-19 by the government of India along with the States/UTs have led to the number of recovered cases among COVID-19 patients rise to 4,09,082 as of today.

"During the last 24 hours, a total of 14,856 COVID-19 patients have been cured. So far, there are 1,64,268 more recovered patients than COVID-19 active cases. This takes the national recovery rate amongst COVID-19 patients to 60.77 per cent," the ministry said.

"With 786 labs in government sector and 314 private labs, there are as many as 1,100 labs in India," it added.

As per the Health Ministry, coronavirus cases in Maharashtra -- the worst affected state from the infection -- has breached the 2 lakh mark with 2,00,064 cases including 8,671 deaths.

Tamil Nadu reported 4,150 fresh COVID-19 cases and 60 deaths today, taking total cases to 1,11,151 and death toll to 1,510. Number of active cases stands at 46,860, according to the State Health Department.

Delhi's coronavirus tally nears the 1 lakh mark with 99,444 cases and the number of people succumbing to the virus stands at 3,067 in the national capital. As many as 9,873 RT-PCR tests and 13,263 rapid antigen tests were conducted today in Delhi. Total tests done so far stands at 6,43,504.

Meanwhile, Indian Council of Medical Research informed that the total number of samples tested up to July 4 is 97,89,066 of which 2,48,934 samples were tested yesterday.

There were seven new COVID-19 cases in the last 24 hours in Chandigarh, taking total cases to 466 including 395 recoveries and six deaths.
Himachal Pradesh Health Department informed that COVID-19 cases reach 1,048 in the state, of which, 309 cases are active and 715 have recovered.

Andhra Pradesh has reported 998 new COVID-19 cases and 14 deaths in the last 24 hours, according to a media bulletin released by AP state COVID nodal officer.

A total of 1,155 COVID-19 cases were reported in the last 24 hours in Uttar Pradesh on Sunday, taking the total number of active cases to 8,161 in the state, an official said. According to the official data, a total of 18,761 people have been cured while 785 people have died due to the virus in the state.

Eighteen more personnel of Indo-Tibetan Border Police (ITBP) tested positive for COVID-19 in the last 24 hours. There are total 151 active cases and 270 have recovered till date.

While, in the last 24 hours, 36 more Border Security Force (BSF) personnel tested positive for COVID-19 and 33 have recovered. There are 526 active cases and 817 personnel have recovered till date.

In Rajasthan, 224 fresh COVID-19 positive cases and 6 deaths were reported today. The total number of cases rose to 19,756 including 3,640 active cases and 453 deaths.

Odisha reported 469 new COVID19 positive cases in the last 24 hours, taking the total number of positive cases in the state to 9,070 including 5,934 recovered cases and 3,090 active cases, according to the health department.

Uttarakhand reported 31 new COVID-19 cases in the last 24 hours, taking total cases to 3,124. Recovery rate among COVID-19 patients stands at 80.79 per cent.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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Agencies
March 14,2020

New Delhi, Mar 14: Excise duty on petrol and diesel was on Saturday hiked by ₹3 per litre as the government looked to mop up gains arising from fall in international oil prices.

Special excise duty on petrol was hiked by ₹2 to ₹8 per litre incase of petrol and to Rs 4 incase of diesel, an official notification said.

Additionally, road cess on petrol was raised by ₹1 per litre each on petrol and diesel to ₹10.

The increase in excise duty would in normal course result in a hike in petrol and diesel prices but most of it would be adjusted against the fall in rates that would have necessitated because of slump in international oil prices.

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