The IIT Alumni Council has announced elimination of Chinese systems and software in all its initiatives, including MegaLab
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 company allowed exploration in Balochistan
The Balochistan government in Pakistan has allowed Chinese firm Metrological Construction Company of China (MCC) — registered locally with the name of Saindak Metals Limited (SML) — the exploration and development of East Ore Body in Saindak lease area and the company has been issued an NoC for the purpose
Pakistan receives $1.3 billion loan from China
Pakistan received the much-awaited $1.3 billion in commercial loan from China, helping Islamabad achieve the foreign exchange reserve target of around $12 billion by the end of fiscal year 2019-20
Indian, Chinese militaries hold talks to resolve border issue
Talks between top Indian and Chinese military delegates started on Tuesday morning to resolve the border issue in eastern Ladakh
Concerned over ban on Chinese apps, Beijing reaches out to India
China on Tuesday reached out to India, expressing anxiety about the ban imposed by the Indian government on popular Chinese mobile applications like TikTok and WeChat, among others
Stoppage of China-origin IT consignments hits business
The ongoing tension between India and China amid the coronavirus lockdown has come at a considerable cost to the economy
India's ban on 59 Chinese apps: Millions affected
With the Indian government announcing to ban 59 Chinese apps, millions of users were in a flux on Tuesday as some of those popular apps were still there on their smartphones and available for downloads, barring TikTok and Helo which disappeared from both Google Play Store and Apple App Store
Will comply with India ban, not sharing user data with China: TikTok
Chinese short-video making app TikTok on Tuesday said it is in the process of complying with the Indian government order to ban 59 Chinese apps, including TikTok, and is not sharing any data of Indian users with the Chinese government
India-China military delegates to meet again to resolve border issues
Amid tension at the borders, top Indian and Chinese military delegations will meet for the third time on Tuesday in Chushul in Leh district, sources said
Tibetan exile administration supports call against China
The Central Tibetan Administration (CTA) in Dharamsala on Monday supported last week's call to the UN Human Rights Council (UNHRC) experts to take urgent measures against Chinese violations
Strict scrutiny of Chinese imports affects industries
With the Modi government taking a tough stand on imports from China amid the border tensions, several industries that depended on inputs from that country are facing delay in getting their supplies as the goods are held up at ports and airports and are being subjected to stricter customs scrutiny
BOC and China Development Bank to enter into USD 140 mn facility agreement
Bank of Ceylon (BOC) and China Development Bank (CDB) will enter into a USD 140 million long-term facility where drawdown will be under two tranches of USD 70 million each
Military aggression not first by China, won't be last: CTA President Lobsang Sangay
The military aggression across the Himalayas is not the first by China and it won't be the last. India never shared a border with China -- it is the Indo-Tibet border
India-China border row pinches India Inc hard, imports held up
In the wake of the India-China border clashes and the subsequent hardening of positions on both sides, the worst apprehensions of Indian trade and industry seem to be coming true, market sources said
Chinese expats comfortable in India despite rise in anti-Chinese sentiments
Chinese expatriates living in India have not been impacted by the deteriorating bilateral relations between the two countries
