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China has played down the US criticism of the Belt and Road project, especially the controversial China-Pakistan Economic Corridor (CPEC) artery, and denied that Beijing is trying to foist the project.
The Indian economy is stressed and job creation has not really been happening. In fact, it has been declining in some major sectors. The worst hit has been the information technology (IT) software industry, which saw a 24% year-on-year drop in hiring.
Former Reserve Bank of India (RBI) Governor Raghuram Rajan said ‘In order to become a more developed country, India has to get people who owe taxes to actually pay them.’ This is one of the major objectives that Modi sought to achieve though demonetization and he has largely succeeded.
Indian cities, states step up climate action plans
At the Global Climate Action Summit, mayors and government functionaries of Indian cities have announced to scale up their actions to combat climate change and to protect people from hazardous climate impacts.