Tag: LAC

Relationship with China ‘complex’; ties cannot be normal without peace in border areas: Indian Foreign Secretary
Asia, China

Relationship with China ‘complex’; ties cannot be normal without peace in border areas: Indian Foreign Secretary

The relationship with China is “complex”, there cannot be a normal bilateral relationship if there is no peace and tranquillity in border areas, said Indian Foreign Secretary Harsh Vardhan Shringla at the Diplomatic Academy of Russian Ministry of Foreign Affairs on Wednesday.“The relationship with China is complex. It was in the 1980s where both countries decided that they would set aside our differences on the boundary,” he said.He said developments last year, in terms of the “very large number” of troops amassed on the border area, multiple transgressions along the Line of Actual Control, did create a situation that impacted the “larger relationship”.“As we mentioned to our friends in China, we cannot have (a) normal bilateral relationship if there is no peace and tranquillity in our bor...
The rise of new India as PM Modi fulfils his promises
Market

The rise of new India as PM Modi fulfils his promises

Indian Prime Minister Narendra Modi’s speech on the country’s 74th Independence Day came with the credibility of six previous speeches in which all promises made by him have been kept. For example, in 2014, PM Modi promised a bank account for every Indian. Then, from 58% Indians in 2014, almost 400 million new accounts have opened now.A billion plus scale financial inclusion has since been used along with Aadhaar (biometric countrywide data base) to affect the largest and most successful Direct Benefits Transfer (DBT) policy in the world.Now, during the recent coronavirus induced lockdown, while many developed countries struggled to give out some cash in the hands of the poor, India did it instantly within days of the lockdown utilizing the DBT regime.In the 2015 speech, Modi made the prom...