The Confederation of All India Traders (CAIT) has strongly criticized ICICI Bank for allowing Peoples Bank of China to invest in the bank despite strong sentiments prevailing in the country against China and its anti-India policies
What Trade Patterns Reveal About South Asia’s Economic Future
One of the most striking features of South Asian trade is how little the region trades internally. Intra-regional trade within South Asia remains among the lowest in the world relative to geographic proximity. Political tensions — especially between India and Pakistan — have prevented the emergence of a deeply integrated regional production system comparable to ASEAN or the European Union. This is a major missed opportunity.
The West Asia Conflict: Challenging Times for Indian Economy
Scarcity of cooking fuel is pushing people, particularly across South Asia, toward hunger. Livelihoods have been lost among the large unorganised labour force while thousands of self-employed street vendors, smaller restaurants and eateries are being forced to close shop, facing a scary, insecure future. For middle class households across India, everyday snacks like the samosa or dosa have become scarce because of shortage and high prices of cooking gas cylinders.
New EU Medicines Law Could Impact FTA With India
India is one of the world’s largest suppliers of generic medicines and APIs to Europe. If the EU begins favouring “Made in EU” pharmaceutical production through procurement preferences, subsidies or state aid, Indian drug manufacturers could face reduced access to EU public procurement contracts and tougher supply-chain resilience requirements.
Caught in Geopolitical Quagmire, West Asia Crisis Looms Large Over Indian Supply and Demand Metrics
India’s pharma export market has been affected as India supplies medicines to more than 200 countries. Supply chain interruption not only hurts Indian producers but also creates medicine scarcity in the US, UK, and African markets that highly depend on Indian generics. From the logistics end, re-routing of cargo away from conflict-ridden corridors such as the Red Sea and Strait of Hormuz has increased freight insurance premiums, distressing Indian exporters who function on lean cost structures.
More on Geoeconomics, Trade and Development
Chinese central bank investment in ICICI Bank raises eyebrows
After the disclosure of a holding in HDFC, the Chinese central bank Peoples Bank of China has now acquired an equity stake in ICICI Bank
India should resist aligning with the US on China
Even though New Delhi and Washington have become closer strategic partners, especially in the past two decades, India has never openly aligned with the United States on China, despite US pressure to do so, writes Frank Islam for South Asia Monitor
China deploys high altitude artillery guns in Tibet
China has deployed high altitude artillery guns in Tibet amid the ongoing border tension with India in eastern Ladakh
Tibetan Parliament postpones session till 2021
The 10th session of the 16th Tibetan Parliament-in-exile scheduled to take place from September 16-24 has been postponed until March 2021, it was announced on Monday
China funds study on Nepal youth joining Indian Army's Gorkha regiment
China has given 12.7 lakh Nepalese rupees to a Kathmandu-based NGO to carry out a study on what motivates Gorkha community members to join the Indian Army
China enhances Pakistan's firepower with armed drones
China is helping Pakistan to boost its firepower by selling it state-of-the-art defence items, including armed drones, even as it is engaged with India at the borders in eastern Ladakh
'Positive vibes' from China for review of PPAs with IPPs with Pakistan
In another positive development, Chinese authorities have also indicated to Pakistan’s top notches that they would also review the power purchase agreements (PPAs) of the independent power producers (IPPs) installed under China Pakistan Economic Corridor (CPEC) umbrella keeping in view the rising circular debt and other power sector financial woes adversely impacting the country's economy, a senior top official at Power Division told The News
Pakistan to improve CPEC visibility
The Pakistan government has decided to improve visibility of the flagship China-Pakistan Economic Corridor (CPEC), days before foreign minister’s visit to Beijing where he will discuss new priorities of the country
Pakistan enhances security of CPEC
Pakistan Army has said that security of the China-Pakistan Economic Corridor (CPEC) has been further enhanced. On Thursday, Major General Babar Iftikhar, director general of army's media wing, the Inter-Services Public Relations, said all formations deployed for the security of CPEC have been further equipped and become more active, reports Xinhua news agency
Tibetan-Chinese man arrested in Delhi suspected of working for Chinese intelligence
Nabbed in a crackdown on a multi-billion hawala racket operating in Delhi-NCR, Luo Sang, alias Charlie Peng, is suspected to be an agent of the Chinese intelligence service, the Ministry of State Security (MSS)
Pakistan awarding illegal gold, uranium mining contracts to China in Gilgit-Baltistan
Pakistan, in violation of international laws and defiance of its own Constitution, has given a free hand to Chinese mining companies to plunder natural resources in the occupied Gilgit Baltistan (GB) area
China suspends SriLankan Airline’s Colombo-Shanghai flight over COVID-19 cases
China’s civil aviation regulator has announced that SriLankan Airlines’ Colombo-Shanghai flight and two other airlines would be suspended after several passengers tested positive for COVID-19 on recent flights, Xinhua reported
Chinese Embassy tweets explanation to the Google map image ‘CHINA SW’ in Hambantota
The Chinese Embassy in Sri Lanka has replied to reports about the google map image that had emerged in social media showing multiple buildings in Hambantota spelling out ‘CHINA SW’ saying that it was initially constructed to show ‘CHINA ❤️ SLK.’
Bangladesh in no hurry to trial Sinovac's virus vaccine
Bangladesh is in no hurry to start a late-stage human trial of a vaccine for the novel coronavirus, developed by China’s Sinovac Biotech Ltd, according to the country's top health officials
