Showing posts with label China. Show all posts
Showing posts with label China. Show all posts

Indian wealth falls 0.8% to $3 trillion in 2016: Credit Suisse

Mumbai: Hit by adverse currency movements, India's household wealth has fallen by USD 26 billion to USD 3 trillion in the current year, shows the latest report by global financial services major Credit Suisse.

According to the 'Global Wealth Report' compiled by Credit Suisse Research Institute, wealth in the country in dollar terms went down by 0.8 percent (USD 26 billion) to USD 3.099 trillion in 2016 compared to last year. The report noted that while wealth has been rising in India, not everyone has shared in this growth.

"There is still considerable wealth poverty, reflected in the fact that 96 percent of the adult population has wealth below USD 10,000," the report said.

"At the other extreme, a small fraction of the population (0.3 percent of adults) has a net worth over USD 1,00,000," it added, noting that due to India's large population, this translates into 2.4 million people.

As per the report, the country has 2,48,000 adults in the top 1 percent of global wealth holders, a 0.5 percent share.
"By our estimates, 2,260 adults have wealth over USD 50 million, and 1,040 have more than USD 100 million," it added.

sOURCE:-Firstpost

Deny terrorists weapons, funds and manpower: Ajit Doval, National Security Advisor

It is outstanding that Ajit Doval has head administrator Narendra Modi's ear and, by numerous records, a firm turn in forming India's outside approach and key reactions. It is presently regular to allude to his methodology as the Doval tenet. What precisely is it? ET sorted out what it could be from the general population addresses and connections Doval has had prior and then afterward he turned into the National Security Advisor.

The underlying bonhomie of the Narendra Modi government with Islamabad having passed over in a spate of cross-fringe assaults and a heightening clash in Kashmir, India has quickly started a worldwide discretionary hostile against Pakistan and bulking up its military muscle.

Source:- indiatimes

View more:Punjab Mobile Number Database

With India Mulling To Scrap The Indus Water Treaty, Here Are The Concerns It Should First Address

For most of last week, a little known water treaty has become the centre point of India's diplomatic salvos at Pakistan. From finding a mention in PM Modi's recent speech to being mentioned in the UN by India's envoy, the 56-year-old Indus water treaty finds itself not in the middle of a storm, but the storm itself. With India contemplating the possibility of scraping the Indus Water Treaty of 1960 with Pakistan, the future of more than a billion people rests on the result of a meeting led by Prime Minister Narendra Modi.

Source:-indiatimes

Paris climate deal to be ratified on 2 October: All you need to know about India's COP21 stand

Prime Minister Narendra Modi on Sunday announced that India will ratify the Conference of Parties (CoP) protocol on combating climate change on the occasion of Mahatma Gandhi's birth anniversary on 2 October.

"Now the time has come to ratify the COP21 protocol. India will do it on Gandhi Jayanti on 2 October," Modi said while addressing the Bharatiya Janata Party's (BJP) national executive meet in Kozhikode, Kerala.

In the UN climate change conference COP21 in Paris, 195 countries adopted the first universal, legally binding global climate deal. The agreement sets out a global action plan to put the world on track to avoid dangerous climate change by limiting global warming to well below 2°Celsius. The agreement is due to enter into force in 2020.


Source:-firstpost
View more:EMAIL DATABASE

Afghan president Ashraf Ghani to meet PM Narendra Modi tomorrow

New Delhi: Afghanistan president Ashraf Ghani will visit India on Wednesday against the backdrop of rising violence by rebel Taliban militants, tension within the National Unity Government in his country and China building a new rail link from its east coast to Afghanistan.

Ghani will be arriving in India on Wednesday to hold “close consultations” with Prime Minister Narendra Modi during which the Afghan president could ask for increased military assistance from New Delhi.

The Afghan president’s programme in New Delhi includes a lunch by Modi, an address to Indian businessmen and a speech to the government-run New Delhi-based think tank, the Institute for Defence Studies and Analyses.

India has always considered Afghanistan as part of its extended neighbourhood and has sought friendly ties with Kabul, much to the discomfort of regional rival Pakistan. New Delhi has been one of the biggest donors to Afghanistan, pledging $2 billion in support for reconstruction programmes in the war-torn country.

Announcing Ghani’s visit, the Indian foreign ministry in a statement over the weekend said the discussions between Ghani and Modi will “provide an opportunity to continue the close and frequent consultations between the two friendly neighbours, including at the highest level.”

Source:-livemint
View more:WhatsApp Marketing Mumbai

China, Russia launch major naval drill in SCS

Chinaand Russiatoday launched a major naval exercise in the South ChinaSea, firming up their growing strategic alliance apparently to counter military push by the US into the region amidst muscle-flexing by the PLA into the disputed waters.

The eight-day "Joint Sea 2016" drill will feature the highest ever level of standardisation, combat and digitalisation in recent China-Russiadrills, Chinese Navy spokesperson Liang Yang said.

Source:-business-standard
View more:mobile number database free download

China, Russia to stage military drills in South China Sea

BEIJING: China and Russia were to start war games in the South China Sea on Monday, Beijing's defence ministry said, in a show of force after an international tribunal invalidated the Asian giant's extensive claims in the area.
The eight-day joint exercises will include a focus on "seizing and controlling" islands and shoals, Chinese navy spokesman Liang Yang said in a statement.


Source:-economictimes
View more:EMAIL DATABASE

Mahindra-Ola tie-up set to shape future vehicle design

Indian automaker Mahindra & Mahindra Ltd's tie-up with domestic ride-sharing giant Ola will not only drive car sales, but also influence and shape the design of its vehicles in the future, Chairman Anand Mahindra said on Thursday.

Mahindra said automakers will need to adapt and design cars differently in the future by building cars better suited to the needs of the sharing economy, so as to capitalize on the rapid rise in ride-sharing popularity both domestically and overseas.

Source:-reuters
View more:whatsapp marketing companies

US rejects Hafiz Saeed's remarks charging India, America against CPEC

The United States has completely denied the statement made by Hafiz Saeed, founder of the banned terrorist group Lashkar-e-taiba(LeT), that the new pact between Indiaand America against the ChinaPakistanEconomic Corridor (CPEC), is "against the Muslim Worldand bulwark Pakistan".

Speaking to media during the daily press briefing, the United States State Department Deputy Spokesperson, Mark C. Toner said, "I mean, I would dismiss it outright. We have a strong bilateral relationship with Pakistan, but one that is premised on counterterrorism cooperation and as - as part of that conversation, or that dialogue and that cooperation that we have on counterterrorism issues."

Toner reiterated that Washingtonhas made it clear to Islamabadthat it has to go after terrorist groups who seek to harm neighbours.

"We made it very clear that Pakistancan't pick and choose which terrorist groups it goes after, and it has to go after those groups that seek to do harm to its neighbours and may seek refuge on Pakistani soil," he added.

Source:-Business-standard
View more:whatsapp marketing software

This picture from Hangzhou's G20 Summit conveys an important message on global politics

NEW DELHI: As the G20 Summit in China's Hangzhou came to an end on Monday, it managed to drive home an important point. The skewed gender representation at the summit, which includes world's most influential economies is disturbing, to say the least.

Have a look at this picture which was taken at the concluding ceremony of the G20, hosted in China's Hangzhou this year.


Of the 36 world leaders on the platform, only four are women. This comprises approximately 12% of the lot. According to a report published by the World Economic Forum, women leaders hold only 21.9% of positions in national parliaments worldwide.

The four women leaders at the G20 Summit were: German Chancellor Angela Merkel, UK's newly-elected Prime Minister Theresa May, South Korean President Park Geun-hye and IMF chief Christine Lagarde.


Source:-indiatimes
View more:Whatsapp Marketing

North Korea fires 3 ballistic missiles off east coast: Reports

North Korea fired three ballistic missiles into the sea off its east coast on Monday, said South Korea, as the leaders of the G20 major economies held a summit in China, the North’s main diplomatic ally. The missiles were fired from a western region south of the capital Pyongyang, just after noon local time (0300 GMT), South Korea’s Office of the Joint Chiefs of Staff said in a statement.

The missile launches were the latest in a series of launches by the isolated North this year in violation of UN Security Council resolutions. The South’s military was trying to determine the type of missiles launched, a military official said. No other details were immediately available.

The missiles were launched from a region called Hwangju and came just hours after the leaders of South Korea and China met on the sidelines of the Group of 20 leaders’ meeting in Hangzhou, China. South Korean President Park Geun-hye told Chinese President Xi Jinping that the North’s fourth nuclear test and its ballistic missile launches this year threatened regional peace and posed a challenge to South Korea’s ties with China, Yonhap news agency reported earlier.
×

During the meeting, Xi reaffirmed China’s commitment to realising the denuclearisation of the Korean peninsula, China’s state news agency Xinhua reported on Monday. Xi also told Park that Beijing opposed the proposed deployment of a THAAD anti-missile system in South Korea, which Seoul and the United States have said is designed to counter an increasing threat from North Korea.

Park said that a THAAD deployment would not threaten any other country’s security interests and would not be needed if the North’s nuclear issue was resolved, Yonhap news agency said.

In July, the North launched three missiles in a single day from the western region that flew across the country and into the sea off its east coast, flying about 500 km and 600 km (300-360 miles). In 2014, the North fired two Rodong medium-range missiles just as Park and Japanese Prime Minister Shinzo Abe were sitting down with US President Barack Obama at the Hague to discuss responding to the North’s arms programme.


Source:-indianexpress
View more:Bulk SMS Marketing

John Kerry extends stay, will now fly to China: Diplomatic message to Beijing?

Pakistan. This could be a couched message of re-hyphenating India, but now with its eastern neighbour China.

Earlier, Kerry's plan to visits to a temple, mosque and a gurdwara, a choice some were viewing as a subtle iteration of the concerns on religious freedom, got washed away due to heavy rains that lashed Delhi on Wednesday morning. He was expected to visit Gurdwara Sisganj Sahib, Jama Masjid and Gauri Shankar temple – all located within a kilometre of one another – in Chandni Chowk, before he flies out.

Kerry, while speaking at IIT Delhi had a clear message, saying "We have to respect rights of all our citizens irrespective of creed and allow them to protest in peace without fear that they will be jailed". This comes in the backdrop of the sedition case that was filed against Amnesty International in Bengaluru for holding an event on Kashmir. The secretary of state was originally supposed to visit religious places ahead of official talks, but was rescheduled on the day or his departure a day after talks to avoid any prospect of the symbolism in his visits clouding the talks.

Since his landing in Delhi, downpour and water-logging first brought his cavalcade standstill on September 29 and then on Wednesday played spoil spot to his visit to old Delhi. For over two hours on Wednesday morning Delhi received torrential rainfall, resulting in serpentine traffic jams at various places.

During his last official engagement the meeting with the Prime Minister Modi, Kerry briefed him about the outcome of the 2nd India-US Strategic & Commercial Dialogue. He also shared US perspective on developments in the region and beyond. Sources said while the US secretary of state expressed concern at the rising tensions between India and Pakistan, he was told India's sincere efforts to bring peace in the region. On Tuesday as well, external affairs minister Sushma Swaraj at length explained government efforts to buy peace with Islamabad. "When this government was formed, we invited Pakistan's prime minister to the oath-taking ceremony, even before the formation of the government. After that we took the initiative to re-start foreign secretary-level talks, but they did something which compelled us to cancel the talks.

"After that when I visited Islamabad, I returned with the decision of starting a Comprehensive Bilateral Dialogue. Later our Prime Minister visited Lahore, but we got Pathankot after coming back," she said, adding that India's minimum expectation was that there should be some action on the Pathankot issue. "Terrorism and talks cannot go hand in hand and we have already told them. Hence, it is not a thing to worry, but yes we do have an expectation and talks will resume only after some action is taken on this issue," she was quoted as saying.
Kissinger's extended stay in Pak and secret China missive

In 1971, then US Secretary of State Dr Henry Kissinger in a similar circumstances extended his stay, while he was in Pakistan. It was reported that he fell sick and flew to tourist resort Murree to take rest. But years later it was revealed that he had undertaken a secret visit from Islamabad to Peking (Beijing) during July 9-11, 1971. Premier Chou Enlai specifically had mentioned to take a direct flight from Islamabad either on Pakistan's airline or on a special plane sent by China to Pakistan. His visit opened the dialogue with China. The mission remained secret because the Americans were not sure of its success. Pakistan also guaranteed its secrecy.

Several Chinese leaders arrived in Pakistan and were waiting on a PIA's plane for Kissinger's group. Under the plan, Dr Kissinger would arrive in Islamabad and after 24 hours stay, he would disappear in a place in Northern Areas. In fact, he would fly by a PIA Boeing to Peking. A high-level Pakistani official would accompany him to Peking.

On his return from Peking to Islamabad, he would resume his onward journey.

Source:-Dnaindia
View more:-whatsapp marketing software

New defence deal a firm indicator that US regards India as a rising, responsible global power

Strange it may seem, but it is true that the most important outcome of the ongoing visit of Defence Minister Manohar Parrikar to the Unites States has been grossly underplayed. And that is understandable, given the opportunity this development will provide to the Modi government’s formidable critics in the days to come.

It is worth noting that over the last one year or so, Parrikar and his American counterpart Ash Carter have interacted on six occasions. This is Parrikar’s second official visit to the US. Carter was here in New Delhi in April.

Though Parrikar’s visit is strictly on at the moment, the US Department of Defence has already brought out the "joint statement" of the visit. Expectedly, the statement has mentioned how in the sphere of defence, both India and the Unites States have come a long way ever since the two countries signed the New Framework for Defence Cooperation in June 2005.

This June, the summit meeting at Washington between President Barack Obama and Prime Minister Narendra Modi in June resulted in India being designated as "a major defence partner of the United States", thus adding teeth to the two countries’ 2012 creation of the Defence Technology and Trade Initiative (DTTI). Being a major defence partner is a framework that is supposed to facilitate innovative and advanced opportunities in defence technology and trade cooperation between India and the US.
Defence Minister Manohar Parrikar with US Defence Secretary Ash Carter at a joint news conference at the Pentagon. CNN-News18

Defence Minister Manohar Parrikar with US Defence Secretary Ash Carter at a joint news conference at the Pentagon. CNN-News18

In between, by surpassing Russia, the Unites States has become India’s biggest arms supplier. Besides, India is now a country with which the United States conducts the largest number of peace-time military exercises bilaterally every year (nearly 70). All these have fitted well into their respective big scheme of things, with United States focusing on "a rebalance to the Asia-Pacific" and India reaching east to extend its reach in the broader Indo-Asia-Pacific region (Act-East policy).

However, in my considered view, the most important part of the joint statement happens to be just two-and-half lines mentioned in its second last paragraph: "They (Carter and Parrikar) also welcomed the signing of the bilateral logistics exchange memorandum of agreement (LEMOA), which will facilitate additional opportunities for practical engagement and exchange."

To begin with, LEMOA is a term that one has heard for the first time in the vocabulary of the Indo-US defence parlance. During his India-visit in April, Carter was using the term 'Logistics Support Agreement' (LSA), which the United States, incidentally, had been pressing India since 2004, along with Communication and Information Security Memorandum of Agreement (CISMOA) and the Basic Exchange and Cooperation Agreement (BECA). CISMOA would allow the United States to supply India with its propriety encrypted communications equipment and systems, so as to first secure peacetime and wartime communication between high-level military leaders on both sides, and then extend this capability to Indian and US military assets, including aircraft and ships. BECA would set a framework through which the United States could share sensitive data to aid targeting and navigation with India.

According to the Americans, the Indo-US strategic partnership can be really meaningful and enhanced once New Delhi signs LSA, CISMOA and BECA. Signing on the LSA has been the first step in that direction. The then United Progressive Alliance (UPA) government led by Manmohan Singh was all for the conclusion of the LSA, but it did not have the courage to go for actual signing, afraid as it was that the opposition and Left-leaning experts will consider it as formalising a military alliance with the US by violating its traditional policy of not allowing foreign military presence (howsoever temporary it may be, on its soil except for purposes of training and joint exercises) and that China will be angered in the process.

With the coming of the Modi government, it was thought that a favourable decision would be taken at the earliest; but that did not happen. The Modi government was also being constrained by the same factors. As a result, the much-anticipated conclusion of the LSA did not materialise during carter’s April visit. That time, Parrikar and Carter only agreed “in principle” to sign a “Logistics Support Agreement”, the then joint statement said. Now, four months after, we have that agreement; an agreement which the Americans have been pressing for 12 years, since the sixth meeting of the India-US Defence Policy Group (DPG) in June 2004, to be precise.

What then is the LSA, sorry, now LEMOA? It is the India-specific version of the Acquisition and Cross-Servicing Agreement (ACSA) that the US has with many of its North Atlantic Treaty Organisation (Nato) allies. Under this Agreement, the US agrees to provide Logistics Support, Supplies and Services (LSSS) to military forces to countries or organisations in return for the reciprocal provision of logistics support, supplies and services by such governments or organisations to the US military forces.

The LEMOA would come into picture during joint military exercises, training requirements, deployments, unforeseen emergencies, exigent circumstances, peacekeeping and disaster relief operations, and wartime needs as well as exercises to correct logistic deficiencies which cannot be met by a nation on its own, according to available literature. It will provide military commanders' "enhanced operational readiness and cost effective mutual support". It means that the military personnel of India and the US can use each other’s equipment (mentioned under LSSS), including food, water, clothing, medical services, accommodation, transportation, petroleum, oils, lubricants, storage services, communication services, and base operations support.

Importantly, all these are paid-services, that is, the country using other’s facilities will bear the economic cost. Besides, the agreement prohibits the exchange of major weapons and weapon-platforms such as fighter aircrafts, ships, missiles and bombs, let alone nuclear weapons. Also, every request of one party would be acceded to by the other only after a review. Thus, no party is bound to agree for every respect; it can say no if its national interests dictate so.

What is most significant is that the LEMOA would not permit permanent base rights for the military forces in either country. Nor for that matter it compels one to commit its forces for the military operations by the other. In other words, contrary to what the critics say, under the LEMOA, India will not fight America’s wars and the vice-versa. In fact, this point was made very clear by none other than the then External Affairs Minister Pranab Mukherjee (currently our President). He had said: "This (LSA) does not envisage providing military facilities to US forces. Neither does it provide for unqualified Indian support to the US in any armed conflict to which India is not a party." He had also emphasised that the proposed agreement "does not carry any commitment to assist each other during periods of armed conflict".

The point that emerges is that even under LEMOA there is freedom for both the sides to decline any request for logistical support if that is not in one’s national interests. So the apprehensions of all those who love US-bashing are highly misplaced. As regards the sensitivities of China and Pakistan (in fact, as I write this piece, there are angry reactions from Pakistan and China to the conclusion of the LEMOA), the lesser said the better. China can hurt India’s core national interests by denying it the access to the Nuclear Supply Group, threatening it against carrying out natural explorations in the South China Sea, intervening in Kashmir and arming Pakistan to its teeth, both in nuclear weapons and missiles, but it has a problem if we protect our long term strategic needs by collaborating with friendly countries.

All told, the LEMOA is a firm indication that the US wants to be a partner in increasing the operational outreach of Indian armed forces and that it regards India as "a rising power and a responsible global power", something China will never do.

Source:-firstpost
View more:-whatsapp marketing companies

China crosses Uttarakhand border; government plays down incident

Within days of transgressing the East Kameng district in Arunachal Pradesh, India witnessed a new Chinese attempt in the Chamoli district of Uttarakhand last week.

This time, Chinese soldiers infiltrated into the Barahoti region, a grazing ground of about 80 sq km, located near the border and left after a face-off lasting for 30 minutes to one hour.

Defence sources in South Block, however, played down the incident and said that "transgressions continue to happen along the Line of Actual Control (LAC) on account of differing perceptions of the border."

Sponsored by Revcontent
Trending Now

"In the Barahoti incident, a small detachment of PLA (not more than 4-5) came across our own patrol in the area. The incident was handled as per mutually agreed drills. It did not last for more than a few minutes," they said.

Though the Chinese soldiers pulled back, during their brief period of stay, they ticked off the district administration team that had gone there for inspection. Sources said the confrontation was not eyeball-to-eyeball.

Chinese soldiers had transgressed the Yangtse region of East Kameng district in Arunachal Pradesh on June 9, coinciding with the time when Beijing was trying to block New Delhi's bid to enter the elite Nuclear Suppliers Group (NSG).

Uttarakhand shares a 350-km-long boundary with China and it is the only sector where maps have been exchanged between China and India, unlike in Ladakh and Arunachal Pradesh. However, the Chinese are known for crossing over into the remote areas of Chamoli and write 'China' on rocks close to the border.

Besides the Indo-Tibetan Border Police (ITBP), the matter was communicated to the Centre by Uttarakhand chief minister Harish Rawat.

Rawat confirmed the transgression, saying that he discussed the subject with the home ministry, which was noticed when the district magistrate, along with his team had gone to measure the area.

"It is very worrying. I have been saying that border vigilance should be increased. Thankfully, they didn't touch an important canal," Rawat said in Dehradun.

"I am sure the central government will take cognizance of the issue and appropriate measures the at diplomatic level will be taken," Rawat added.
Source:-DNAINDIA
Viewmore:-Punjab Mobile Number Database

India sends 3 journalists from China's Xinhua back home for 'un-journalistic activities


India has reportedly decided to expel three Chinese journalists working with Xinhua news agency following "concerns" flagged by intelligence agencies. India has refused to renew their visas, a move which can further worsen the relations between the two countries, Hindustan Times reported.

They have been ordered to leave India by 31 July. The three journalists also include the heads of Xinhua’s bureau in New Delhi and Mumbai. Wu Qiang heads the Delhi bureau, Lu Tang manages the Mumbai headquarters and the third journalist She Yonggang is a reporter based in Mumbai.

The Wire reported that the decision of the Indian authorities was based on “adverse attention” from security agencies.

The Hindu quoted Indian government sources as saying, “The three journalists had overstayed their visa and subsequently they had received several visa extensions. So we asked them to go back as it is no longer possible to give them visa extensions.”

India now hopes that Xinhua will soon send their replacement. Wu told The Hindu that “No explanation has been given for the denial of visa renewal.”
Source:-firstpost
viewmore:-Punjab Mobile Number Database