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India on Thursday hoped that Chinese authorities would facilitate continued presence of Indian journalists in China. The comments by External Affairs Ministry spokesperson Arindam Bagchi in Delhi came days after China decided to "freeze" visas of two Indian journalists. "There are Chinese journalists who have valid Indian visas to undertake journalistic activities," Bagchi said responding to a question on the issue. From that perspective, we don't see any difficulties in doing reporting (by the Chinese journalists), he said. "As regards to Indian journalists working in China, we would hope that Chinese authorities would facilitate their continued presence and reporting from China," Bagchi said. "We are in touch with Chinese authorities in this regard," he said. Meanwhile, China has sought reciprocal measures from India for the facilitation of its journalists even as it defended its recent move to freeze the visas of the two Indian correspondents. China's Foreign Ministry officia
Indian dye company Kiri Industries has expressed full confidence in the Singapore International Commercial Court's (SICC) decision and hopes its China-linked partner would honour the "final outcome" of an 8-year old dispute. Kiri, a minority shareholder in Dystar, initiated a legal battle in 2015 against Senda, a subsidiary of China's largest dye firm Longsheng and Dystar's majority shareholder, accusing it of minority oppression through various actions in Singapore High Court. In 2017, the suit was transferred to the SICC due to its international elements and in 2018, the court issued its judgement for the case, stating they accepted most of the instances of commercial unfairness raised by Kiri. "We are delighted with how our suits have progressed through Singapore's courts to achieve a just outcome," said Manish Kiri, Chairman & Managing Director, Kiri Industries Limited. On March 3, 2023, the SICC delivered the final valuation of stake in Kiri's joint venture company DyStar ...
External Affairs Minister S Jaishankar on Thursday said the responsibility for the trade imbalance with China rests squarely on businesses as well, blaming Indian corporates for not developing the right sourcing arrangements. Speaking at the Asia Economic Dialogue here, Jaishankar said the government is doing its bit by bringing in policies like the thrust on Atmanirbhar Bharat and made it clear that the "massive external exposure" puts national security at threat. Terming the challenge posed by the trade imbalance with China as very serious and formidable, the career bureaucrat turned politician said the responsibility here is not just of the government, but it is an equal responsibility of businesses as well. "Indian corporates have not developed the kind of backwards (integration), vendor supplies, components and parts, ingredients and intermediates that should be supporting us," he said. With lots of people, including former RBI Governor Raghuram Rajan, asking India to focus on
Chinese activities and influence in India's extended neighbourhood have grown increasingly with the sole purpose of keeping New Delhi constrained and occupied in facing the resultant challenges, according to papers submitted at a key security meet here. The papers presented by Indian Police Service officers at the just concluded conference of DGPs and IGPs submit that by providing huge amounts of money in the name of loans for developmental works in Southeast and South Asia, China wants to reduce India's influence in the Indian Ocean region and force resolution of bilateral issues on Beijing's terms. The three-day annual conference was attended by Prime Minister Narendra Modi, Union Home Minister Amit Shah, National Security Adviser Ajit Doval and about 350 top police officers of the country. China's Belt and Road Initiative (BRI), China-Pakistan Economic Corridor (CPEC), infrastructure related investments in India's neighbouring countries through easy loans, hot borders and Line of
The government on Friday said it has not yet issued a mandatory quality certificate to around 160 Chinese companies for selling toys in India, and the delay is due to the COVID-19 pandemic. From January 2021, India has made it mandatory to get the quality certification mark of 'ISI' from the Bureau of Indian Standards (BIS) for the sale of toys in the country. "Around 160 Chinese toy companies have applied for the BIS quality certification in the last two years. We have not yet issued to them in view of the COVID-19 pandemic," BIS Director General Pramod Kumar Tiwari told reporters. Normally, the BIS quality certification is issued after an inspection of the factories. Due to the pandemic restrictions and health concerns, the BIS officials could not visit China, he said. "Neither they invited us for inspection nor we could visit China because of the pandemic," Tiwari said. In the last two years, Tiwari said the BIS has granted the quality certificate to 29 foreign toy makers, out