China

Citigroup to exit India, China & 11 other markets

In a major development, US-based multinational investment bank and financial services corporation, Citigroup, on Thursday announced that it will exit 13 international consumer banking markets including India and China. The decision has been taken as the group plans to shift its focus on wealth management and move away from retail banking where its presence is...

India-China Dispute: India committed to maintaining bilateral ties, says Rajnath Singh

India’s sustained talks with China have resulted in an agreement between the forces of the two countries to disengage at friction points at the north and south banks of Pangong Tso lake, Union defence minister Rajnath Singh said on Thursday. Rajnath Singh said this during his suo motu statement in Rajya Sabha on the situation...

Indian economy to grow at 11.5% in 2021, predicts IMF

The International Monetary Fund (IMF) in its latest World Economic Outlook forecast has predicted that the Indian economy is likely to grow at 11.5% in 2021 and 6.8% in 2022. The report has estimated a decline in the country’s GDP by 8% in 2020. Interestingly, India’s projected growth rate is the highest in the world...

Indian, Chinese soldiers clash in Naku La in Sikkim

Amid the ongoing border dispute at the Galwan Valley in eastern Ladakh, soldiers of Indian Army and the PLA entered into a fight along the Line of Actual Control in Sikkim’s Naku La pass last week, the Indian Army said. The Army, however, downplayed it as a “minor face-off” which occurred when a Chinese patrol...

Xiaomi, 8 other Chinese firms blacklisted by US for alleged military links

In what could probably be the last assault against China by the Donald Trump-led US administration, nine Chinese companies, including smartphone maker Xiaomi, have been blacklisted in the country for their alleged military links. The move is likely to increase the pressure on China. The US government’s Department of Defense added nine companies to the...

South Korea lights up ‘artificial sun’ for 20 seconds, sets record

South Korea has managed to light up an artificial sun at over 100 million degrees for 20 seconds, which is a new world record for fusion. As compared to the artificial sun, the core of the Sun burns at only 15 million degrees Celsius. A team of South Korean physicists used an “artificial sun”— a...

India’s GDP contracts 7.5% in Q2

The Gross Domestic Product (GDP) data released on Friday reveals a contraction of 7.5 per cent in the second quarter of 2020-21 as compared to the same period last year. While it is much better than the 23.9 per cent contraction recorded in the first quarter, the data also reveals that the country is in...

China opposes India’s move to ban mobile apps with Chinese links

China on Wednesday strongly opposed the Indian government’s move to ban 43 mobile apps, with many of them having Chinese links. It also critcised India for repeatedly using “national security” as an excuse for banning mobile applications having a Chinese connection. Notably, the Union government on Tuesday blocked 43 apps citing that they were prejudicial...

Twitter apologises to govt over incorrect political map

Social media giant Twitter has issued a formal apology to the Indian government for showing an incorrect map of Leh and Ladakh. Notably, Twitter had shown Leh and Ladakh as part of China that has resulted in a severe criticism for the company. It has also assured the Joint Parliamentary Committee on Personal Data Protection...

RCEP: China, 14 others set world’s largest trading bloc, India not a part

In a major development, China and 14 other countries agreed on Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity. Many Asian countries are hoping that the deal will help in speeding up the recovery process from the shocks of the coronavirus pandemic. The Regional Comprehensive Economic...

SCO Summit: PM Modi gives stern message to China, Pakistan

Addressing the Shanghai Cooperation Organisation (SCO) summit, Prime Minister Narendra Modi on Tuesday gave a stern message to Pakistan and China that also took part in the summit. PM Modi said that it was unfortunate that there were unnecessary attempts to bring bilateral issues in the SCO agenda, which was in contravention of SCO Charter...

China facing “unanticipated consequences” for misadventures at border: Gen Rawat

Chief of Defence Staff Gen Bipin Rawat, on Friday, said that Chinese forces are facing unanticipated consequences for its misadventures in eastern Ladakh because of a strong response by the Indian Army. Gen Rawat, addressing a virtual seminar at the National Defence College, said that the situation along the border with China at eastern Ladakh...