India, China must respect each other’s core concerns: Jaishankar in Beijing

Agencies
August 14, 2019

Beijing, Aug 14: India and China should find stronger convergences, respect each other’s core concerns and manage differences, External Affairs Minister S. Jaishankar has said as he underlined that the relationship between the two Asian giants has become “so big” that it has acquired a “global dimension”.

Mr. Jaishankar, who concluded his three-day visit to Beijing on Monday, held extensive and in-depth talks with his counterpart Wang Yi on the entire gamut of the India-China ties.

During his visit, he also met Chinese Vice President Wang Qishan, a close confidant of President Xi Jinping.

As the two largest developing countries and emerging economies, cooperation between India and China is of great importance to the world, Mr. Jaishankar told state-run Xinhua news agency here in an interview on Sunday.

“Our relationship is so big that it is no longer a bilateral relationship. It has global dimensions,” the report quoted Mr. Jaishankar as saying.

Describing the world as “more multi-polar” with changing global order, he said India and China need to enhance communication and coordination to contribute to world peace, stability and development.

‘People-to-people exchanges’

The two countries should find stronger areas of convergence, respect each other’s core concerns, find ways of managing differences and keep a strategic view of the direction of bilateral ties, he said.

The Minister said the two neighbours have a long history that goes back to thousands of years and the two countries’ civilisations are among the oldest that represent two pillars of the civilisation of the East.

“A lot of people, including young people of both countries, really don’t have a good understanding of how much our two cultures of civilisations have affected each other,” Mr. Jaishankar said, underlining that “promoting a greater awareness of that history” through more cultural exchanges is an important task for the two countries.

India and China have agreed to establish a high-level people-to-people exchanges mechanism in April last year and the first meeting was held in New Delhi in December.

Describing the move as “taking the bilateral relationship from the narrow diplomatic field to a larger societal interaction”, Jaishankar said the more people of the two nations interact face-to-face, the more their sense of relating to each other will grow.

“It’s important for our relationship to build popular support. Our people must feel good about each other,” he said.

Jaishankar had also co-chaired the 2nd meeting of the China-India high-level people-to-people exchanges mechanism with Wang Yi, agreeing to further promote friendship between the two peoples.

This was his first visit to China after taking over the position of the External Affairs Minister. He had earlier served as India’s envoy to China from 2009 to 2013, the longest tenure by an Indian diplomat to Beijing.

His visit was finalised much before India’s move to revoke Article 370 of the Constitution that gave special status to J&K.

Jaishankar also discussed arrangements for President Jinping’s visit to India later this year for second informal summit with Prime Minister Narendra Modi.

During his meeting with Mr. Wang Yi, Mr. Jaishankar said India’s decisions on Jammu and Kashmir are country’s “internal” matter and have no implication for either the external boundaries of India or the Line of Actual Control (LAC) with China.

The remarks came in response to Wang, who brought up developments pertaining to legislation passed recently by the Indian Parliament on J&K, saying China is “very closely” following the Indo-Pak tensions over Kashmir and its “ramifications” while asking New Delhi to play a “constructive role” for regional peace and stability.

According to an official release from the external affairs ministry, during the bilateral meeting, Jaishankar conveyed that this was an “internal” matter for India and the issue related to changes in a temporary provision of the Constitution of India and was the sole prerogative of the country.

Asserting that the legislative measures were aimed at promoting better governance and socio-economic development, Jaishankar also said there was no implication for either the external boundaries of India or the LAC with China.

“India was not raising any additional territorial claims. The Chinese concerns in this regard were therefore misplaced. The minister also conveyed that so far as the India China boundary question was concerned the two sides had agreed to a fair, reasonable and mutually acceptable settlement of the Boundary Question on the basis of the 2005 Political Parameters and Guiding Principles,” the release said.

Jaishankar also told Wang that it was important to ensure that bilateral differences should not become disputes and emphasised that the future of the ties will depend on the mutual sensitivity to each other’s “core concerns“.

China on August 6 had objected to the formation of Ladakh as Union Territory by India, saying it undermined its territorial sovereignty, evoking a sharp reaction from New Delhi, which asked Beijing to refrain from commenting on its “internal affairs“.

Ahead of Mr. aishankar’s visit, Pakistan Foreign Minister Shah Mehmood Qureshi air-dashed to Beijing and held talks with Wang, seeking China’s support for Islamabad’s efforts to take India’s decision to revoke special status to Kashmir to the UN Security Council.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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News Network
June 26,2020

Washington, Jun 26: The United States reported more than 39,000 new coronavirus cases on Thursday, its highest-ever single-day count as the government relaxed restrictions and is downplaying the threat of the deadly virus.

According to the Washington Post, experts believe there is a troubling lack of consistent, unified messaging from President Donald Trump and Vice President Mike Pence. They have downplayed the danger and denigrated effective disease defences such as mask-wearing, testing, and social distancing.

Churches, beaches, and bars are filling up with people and so are hospital beds, the report said.

The counties home to Dallas, Phoenix, and Tampa all reported record-high averages on at least 15 straight days in June.

The hardest-hit states are California, Texas, Florida and those that thought they had the virus under control, like Utah and Oregon.

"I think the politicians are in denial," said Kami Kim, director of the Division of Infectious Disease and International Medicine at the University of South Florida.

The chief of the Division of Pediatric Infectious Diseases at the University of Utah Health, Andrew T. Pavia, is of the view that the push to reopen quickly even as cases climb sends a dangerous and inaccurate message.

"On the one hand, you get messages from politicians and the business community that we have to go, go, go and open up," he said. "On the other hand, you're seeing epidemiological indicators that we still have to be very careful."

"It's cognitive dissonance," he added.

The Trump administration has tried to downplay the rising number. Pence called concerns about another surge of infections "overblown," the product of media "fearmongering."

Some governors have followed the administration's lead, blaming rising caseloads on more testing.

Testifying before a congressional committee this week, Anthony S. Fauci, the nation's top infectious-diseases expert, said the new cases were "a disturbing surge" spurred by community transmission rather than testing.

"That's something I'm really quite concerned about," Fauci said. "A couple of days ago, there were 30,000 new infections. That's very disturbing to me."

Several states like Arizona, Arkansas, the Carolinas, Mississippi, Tennessee, Texas and Utah have recently reported new highs in the number of coronavirus patients hospitalized.

"We're seeing a 40 per cent increase in the last two weeks in hospitalizations," said Dallas County Judge Clay Jenkins (D), the jurisdiction's top elected official. "We're by far at our record numbers, and we're at record numbers in north Texas. Houston is at a record, the state is at a record." The Texas Medical Center in Houston, a massive medical complex, reported Thursday that 100 per cent of the beds in its intensive care unit are occupied.

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News Network
July 17,2020

Lukung, Jul 17: Union Defence Minister Rajnath Singh on Friday assured that not an inch of our land can be taken by any power in the world while he interacted with the Indian Army and ITBP personnel at Lukung.

Referring to the India-China border standoff, he said, "Talks are underway to resolve the border dispute but to what extent it can be resolved I cannot guarantee. I can assure you, not one inch of our land can be taken by any power in the world."

Emphasising on finding a diplomatic solution to the standoff, he further said, "If a solution can be found by talks, there is nothing better."
"Recently what happened between troops of India and China at PP14, how some of our personnel sacrificed their lives protecting our border. I am happy to meet you all but also saddened because of their loss. I pay my tributes to them," he added.

Singh interacted with the Army and Paramilitary troops here along with Chief of Defence Staff General Bipin Rawat and Army Chief General MM Naravane.

Earlier today, the Defence Minister witnessed para dropping and scoping weapons here. He also inspected a Pika machine gun.

Indian Army T-90 tanks and BMP infantry combat vehicles carried out the exercise at Stakna, Leh in presence of Singh, Chief of Defence Staff and Army Chief.

Defence Minister is on a two-day visit to Ladakh and Jammu and Kashmir. He will take stock of the situation at both the Line of Actual Control (LAC) and the Line of Control (LOC).

While Pakistan constantly violates ceasefire from across the LoC, China has continued to intrude into Indian territory in Ladakh region in recent past, escalating tensions between India and its eastern neighbour.

On June 15, twenty Indian soldiers laid out their lives during combat with Chinese forces in Galwan valley, leading to tensions between both nations. Chinese soldiers subsequently started moving back following dialogues between two countries through the military level and diplomatic level.

Singh was accompanied by the Chief of Defence Staff General Bipin Rawat and Army Chief General MM Naravane.

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