Indo-Sino ties can't take strain of another Doklam

Agencies
June 18, 2018

New Delhi, Jun 18: Bilateral ties between India and China can't take the strain of another Doklam episode, the Chinese envoy to India Luo Zhaohui said on Monday, emphasising on the need to find a "mutually acceptable solution" on the boundary issue through a meeting of the Special Representatives.

The Chinese envoy said at an event here that "some Indian friends" had suggested a trilateral summit comprising India, China and Pakistan, which was a "very constructive" idea.

Dwelling on Sino-Indian ties, he said it is quite natural to have differences but they need to be controlled and managed through cooperation.

"We need to control, manage, narrow differences through expanding cooperation. The boundary question was left over by history. We need to find a mutually acceptable solution through Special Representatives' Meeting while adopting confidence-building measures," he said.

"We cannot stand another Doklam (sic)," the envoy said.

He was delivering a keynote address on 'Beyond Wuhan: How Far and Fast can China-India Relations Go' at an event organised by the Chinese Embassy here.

Indian and Chinese troops were involved in a 73-day stand-off at the Doklam tri-junction of India, Bhutan and China between June to August last year.

One of the immediate fallouts of the Doklam stand-off was the suspension of the Kailash Mansarovar Yatra from Nathu-La side and the annual military exercise between the two countries. China also did not give the hydrological data of the Brahmaputra and the Indus river that originates in Chinese Tibet.

The envoy today said China will continue to promote religious exchanges and make arrangements for Indian pilgrims going to Kailash Mansarovar in Tibet.

Post-Doklam, there have been frequent high-level engagements between the leaders of the two countries.

This year alone, Prime Minister Narendra Modi and Chinese President Xi Jinping have met twice in the last two months in Wuhan and Qingdao.

Luo said the two leaders are also likely to meet on the sidelines of the BRICS Summit and G20 Summit later this year.

He noted that security cooperation is one of the three pillars of the Shanghai Cooperation Organisation, an eight-member grouping also comprising India, China and Pakistan.

The envoy said the proposal of India, China and Pakistan holding a trilateral summit was "very constructive". Leaders of China, Russia and Mongolia hold a similar meet, he noted.

"This is a proposal suggested by some Indian friends and it is a very a good and constructive idea. Maybe not now, but in the future, that is a great idea."

The envoy added that relations between India and China have gone beyond the bilateral scope.

"We need to enhance coordination and cooperation in SCO, BRICS and join hands to tackle social challenges," he said.

Responding to a question on India-China cooperation in Afghanistan, Luo said the two countries have identified a programme to train Afghan public servants and diplomats.

"This is the first step and in future, there is more...," he said.

In the informal summit between Modi and Xi at the Wuhan, the two countries had agreed to work jointly on an economic project in Afghanistan.

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Agencies
June 22,2020

Mumbai, Jun 22: After downgrading India's outlook to negative from stable, Fitch Ratings on Monday revised the outlook on nine Indian banks to negative.

The outlook on the Long-Term Issuer Default Ratings (IDR) was revised to negative from stable due to the banks' high dependence on the Centre to re-capitalise them.

Accordingly, the IDR outlook of the Export-Import Bank of India, the State Bank of India, the Bank of Baroda, the Bank of Baroda (New Zealand), the Bank of India, the Canara Bank, the Punjab National Bank, ICICI Bank and Axis Bank Ltd have been downgraded to negative.

"At the same time, Fitch has affirmed IDBI Bank Limited's (IDBI) IDR while maintaining the outlook at negative," Fitch said in a statement.

The rating actions follow Fitch's revision of the outlook on the 'BBB-' rating on India to negative from stable on June 18, due to the impact of the escalating coronavirus pandemic on India's economy.

"The IDRs for all the above Indian banks are support-driven and anchored to their respective SRFs," the statement said.

"They are based on Fitch's assessment of high to moderate probability of extraordinary state support for these banks, which takes into account our assessment of the sovereign's ability and propensity to provide extraordinary support."

According to the statement, the negative outlook on India's sovereign rating reflects an increasing strain on the state's ability to provide extraordinary support, due to the sovereign's limited fiscal space and the significant deterioration in fiscal metrics due to challenges from the COVID-19 pandemic.

"The rating action does not affect the banks' Viability Rating (VR). EXIM does not have a VR as its role as a policy bank makes an assessment of its standalone credit profile less meaningful."

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Agencies
May 17,2020

Tehran, May 17: As many as 310 Indian pilgrims departed from Tehran, Iran for New Delhi by Mahan Air on Saturday. The group hails from Ladakh and will later go home to Leh by special flights.

"A group of 310 Indian pilgrims, hailing from Ladakh, departed Tehran for New Delhi by Mahan Air tonight (16th May). 
Thereafter, they'll go home to Leh by special flights," Embassy of India in Iran wrote on Twitter.

On Saturday, Minister of Civil Aviation, Hardeep Singh Puri said that over 13,000 people have returned under the Vande Bharat repatriation mission till date.

"More than 13,000 people have already returned on various flights under Mission Vande Bharat so far. Today, 812 citizens have returned on Air India and AirIndia Express flights from Newark, London, Dubai and Abu Dhabi. More flights continue," Puri wrote on Twitter.

Vande Bharat Mission, which started on May 7 to bring back stranded Indian nationals back home from other countries, initiated its second phase of the operation from Saturday (May 16) by sending three Air India flights to Dubai and Abu Dhabi.

Under the second phase of Vande Bharat Mission a total of 149 flights, including feeder flights, will be operated to bring back Indians from 40 countries. 

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News Network
February 11,2020

New Delhi, Feb 11: Celebrations broke out at the AAP headquarters here as early vote-counting trends for the Delhi Assembly polls on Tuesday showed a comfortable victory for the Chief Minister Arvind Kejriwal-led party.

The headquarters were decorated with blue and white balloons and big cut-outs of Kejriwal were placed in different parts of the party office.

"We knew it. We have changed the politics of this country. Now it is Delhi, next is India," said Sanjeev Singh, a party volunteer from Hari Nagar.

Another volunteer Fareen Khan said, "We hope we get such a clear majority that a message goes out that doing Hindu-Muslim politics will not work anymore."

The Aam Aadmi Party (AAP) is leading in 26 seats while the BJP is leading in 14 seats, according to early trends by the Election Commission.

According to the EC's website, AAP convenor Kejriwal is leading in his New Delhi constituency.

Kejriwal reached the party office as the counting of votes got underway.

Counting centres are spread across 21 locations, spanning 70 constituencies.

Polling for the 70-member Delhi Assembly was held on Saturday.

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