The 20 Indian soldiers killed in the violent stand-off with China along the Line of Actual Control (LAC) in Galwan Valley of Ladakh, did not use the firearms they were carrying as per the two bilateral agreements between India and China
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
Top Indian CEOs of Chinese phone brands get trolled on Twitter
Amid border tensions with China and a growing chorus for boycotting Chinese goods, top Indian executives of some of the most popular phone brands like Xiaomi and Realme have found themselves in hot water every time they tweet to promote their upcoming or existing products
US stands by India in its face-off with China in Ladakh
The US on Friday made it clear that it stood by India in the stand-off with China along the Line of Actual Control in Ladakh where Chinese aggression led to the killing of 20 Indian soldiers
Nepalese and Chinese communist parties to hold virtual interaction
Nepal Communist Party (NCP) leaders will be participating in an event being organised jointly by the party’s school department, and the international liaison department of the Communist Party of China (CPC), on Friday
China gives 97 percent duty-free access to Bangladeshi products
China has given 97 percent duty-free access to a listed number of Bangladeshi products in the Chinese market
Indian soldiers were 'outnumbered' by the Chinese at Galwan Valley
Indian and Chinese military talks at Galwan Valley in the wake of the violent clashes along the Line of Control in Eastern Ladakh region ended with a slight positive trajectory Thursday though nothing has moved on the ground
Pakistan government sets conditions to share Gwadar deal
Pakistan's Ministry of Maritime Affairs on Thursday refused to share the Gwadar Port concession agreement with parliament, citing a confidentiality clause – a move that raised more questions in the minds of senators about transparency of the deal
COVID-19 entered Beijing through “European salmon” consignment- Chinese Envoy in Sri Lanka
Acting Chinese Ambassador to Sri Lanka Hu Wei told President Gotabaya Rajapaksa, COVID-19 had made its way into Beijing recently through a consignment of salmon from Europe and not from person to person transmission
China asks India not to underestimate its will
A day after Indian Prime Minister Narendra Modi warned China against aggression, Beijing asked New Delhi not to "misjudge" the situation or "underestimate" its will
Anti-China sentiments will hit Digital India plan
As the chorus to shun Chinese goods grows across the country, India, which saw exponential growth in smartphone manufacturing from just two factories a couple of years back to nearly 258 now with billions of dollars investment and lakhs of direct and indirect jobs being created, stands to lose its Digital India dream if things get out of control from here on
Uncertainty, nervousness in Leh as standoff continues at LAC
As we move out of the Leh Airport on Thursday, we notice that an eerie silence has gripped the town -- the markets are shut and not many people are on the streets due to the coronavirus pandemic
DFCCIL terminates Rs 471 cr tender with Chinese firm
Amid the India-China border standoff in Ladakh's Galwan Valley where 20 Indian soldiers were killed by Chinese People's Liberation Army (PLA) including an officer, the Dedicated Freight Corridor Corporation of India Ltd (DFCCIL)has decided to terminate the tender worth Rs 471 crore with the Beijing National Railway Research and Design Institute of Signal and Communication Group Company Limited (BNRRDISC) due to non-performance, sources said on Thursday
Sri Lanka approves billion-dollar tower block by China in Colombo Port City
Sri Lanka has approved a billion US dollar mixed development tower block project in Colombo Port City, where the sea has been reclaimed by a Chinese company at a cost of 1.7 billion dollars, ministers said. “The Cabinet has approved Sri Lanka’s largest mixed development project,” Cabinet spokesman said
Chinese woman envoy 'inspired' PM Oli to redraw Nepal map
Even as border clashes between India and China escalate geopolitical tensions in the subcontinent, the pro-China government in Nepal seems to be in no mood to budge from its position on redrawing the country's map
India-China military talks end in stalemate, dialogue to continue
Indian and Chinese military talks at Galwan Valley over the violent clash along the Line of Actual Control in eastern Ladakh ended in a stalemate on Wednesday
