Author: News Desk

USD 500 Million offered to Sri Lanka by India
21Jan By News DeskNo Comments
Asia

USD 500 Million offered to Sri Lanka by India

India has offered a credit line of USD 500 million to Sri Lanka to purchase petroleum products. Critical support by India follows a discussion between External Affairs Minister S. Jaishankar and Sri Lanka's Finance Minister Basil Rajapaksa, said the Indian High Commission in Sri Lanka. India extended forex support of USD 900 mn earlier this month, High Commission added.
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Russia and dilemma of Ukraine-Kazakhstan
20Jan By News DeskNo Comments
Conflict, World

Russia and dilemma of Ukraine-Kazakhstan

New Delhi: The apathy of the Russians is like that of a tiger cornered in a cage with no exit options, except for surrender. For a race which has traditionally been one of the bravest and mightiest defending themselves against Napolean in 1812 and against Nazi Germany during World War II, the element of prestige and national pride has a deep meaning. During each of these wars, the Russians were pitted against powerful armies but it was their grit, determination and a wholehearted society-based approach to tackling the enemy which enabled them to emerge victorious. Napolean attacked Russia with a 600,000 strong army, 180,000 horses and 1600 pieces of powerful artillery which could not be matched by the Russians. However, as part of a well planned strategy, the Russians decided not t...
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China might increase its military pressure on Taiwan: UK
19Jan By News DeskNo Comments
China

China might increase its military pressure on Taiwan: UK

Taipei, Taiwan: Pressure on Taiwan might be increased by China using military threats.Niall Ferguson, who is a senior fellow at Stanford University’s Hoover Institution, made the remarks last week at a virtual event organized by the Taipei School of Economics and Political Science Foundation, English language newspaper Taipei Times reported. This comes as Beijing has mounted pressure on Taiwan in recent months. Besides breaking Taipei’s defense identification zone on dozens of occasions, it has repeatedly threatened to take over the island by force which it considers as a breakaway province. According to Ferguson, Beijing would likely increase pressure on Taiwan after the Chinese Communist Party’s (CCP) 20th National Congress concludes in the autumn, when Chinese President Xi Jinpin
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China lets Nepal down
17Jan By News DeskNo Comments
Business, China, Conflict

China lets Nepal down

Six years down the line from Kathmandu signing with Beijing a Transportand Transit Agreement and two years after the signing of the protocol onimplementation of the agreement, the treaty has turned into a non-starter.Businessmen in Nepal have been left with only protesting against Chinaat the two main trading points on the Nepal – China border ---Rasuwagadhi and Tatopani ---- accusing Beijing of imposing an unofficialblockade as container trucks loaded with importable consumer items havenot been allowed to cross the border into Nepal, according to reports fromKathmandu. To harass Nepalese traders, Chinese transporters have evenincreased freight charges over four times along the nearly 25 km stretchbetween the Chinese border point and the Nepalese border. The reasonsfor this Chinese betray
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Philippines agrees to buy BrahMos Anti-ship cruise Missiles from India
17Jan By News DeskNo Comments
China

Philippines agrees to buy BrahMos Anti-ship cruise Missiles from India

New Delhi, India: Philippines has agreed to buy BrahMos aerospace private Limited from India. The proposal is worth USD 374.9. It is a big success for Indian government to increase defence export. "The Notice of Award has been communicated to BrahMos officials by the Philippines Department of National Defense accepting the proposal worth around USD 375 million," government officials said here. The Philippines government's Department of Defence has also uploaded the contract award notice on its website. Defence Research Development Organisation and BrahMos Aerospace together have been pushing hard for exports of this missile to friendly foreign countries for the last few months. The Indian government's defence export push is coming from the DRDO stable as it bagged orders f...
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Sri Lanka’s Tottering Economy Under Chinese Debt Trap
17Jan By News DeskNo Comments
Business, China

Sri Lanka’s Tottering Economy Under Chinese Debt Trap

Debt-ridden Sri Lanka has reached out to China to help restructure loan repaymentsto salvage its tottering economy. Sri Lankan President Gotabaya Rajapaksa askedvisiting Chinese Foreign Minister Wang Yi that “it would be a great relief to thecountry if the attention could be paid on restructuring the debt repayments as asolution to the economic crisis that has arisen in the face of the COVID-19 pandemic,”according to President’s office statement.Rajapaksa also requested that China provide a concessional trade-credit plan forChinese imports and to assist in enabling Chinese tourists to travel to Sri Lanka underthe bio-bubble concept, according to the statement.China is deemed to be Sri Lanka’s fourth-biggest lender and Sri Lanka is reported tohave to make about $4.5 billion in debt repayme
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Chinese soldier seen throwing stones on Vietnamese construction workers
14Jan By News DeskNo Comments
World

Chinese soldier seen throwing stones on Vietnamese construction workers

New Delhi: The Chinese soldiers seen throwing stones on the Vietnamese construction workers at the border fence.  Following the recent blocking of border ports by Chinese authorities and stranding of Vietnamese trucks carrying perishable agricultural goods, social media in Vietnam is full of anti-China comments. Recently there was a video (Jan 3) on twitter account of one Lee Ann Quann showing Chinese soldier throwing stones on Vietnamese construction workers and hurling abuses on the unarmed workers in Ha Giang province. A popular blog in vernacular language, which is otherwise banned by Vietnamese government for its anti-China posts, posted (Jan 4) an article quoting the tweet and recalling 1979 China-Vietnam War. Google translation of the article is placed belo...
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Taiwan announces to fund USD 1bn to a joint project with Lithuania
13Jan By News DeskNo Comments
World

Taiwan announces to fund USD 1bn to a joint project with Lithuania

Beijing, China:With an aim to finance joint ventures, Taipei and Vilnius will create a USD 1 billion credit program, Taiwanese Minister of National Development Kung Ming-hsin made the announcement. Taiwan last week had also announced establishing a USD 200 million fund to invest in Lithuanian industries during a press conference with Lithuanian Economy and Innovation Minister Ausrine Armonaite, according to Sputnik. It came as Lithuanian companies have been facing difficulties at Chinese ports as the Communist regime reportedly removed the name of the Baltic nation from its customs system. Due to the move, a large number of Lithuanian exports are stranded in Chinese ports, concerning businessmen for the uncertain future of their consignments. Lithuania is being targeted by Beiji...
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Hong Kong PLA chief a top Xinjiang police officer
13Jan By News DeskNo Comments
World

Hong Kong PLA chief a top Xinjiang police officer

Beijing, China: New commander for people Liberation Army is china’s former top Xinjiang police officer Peng Jingtang.Citing Global Times, CNN reported that Peng was previously also chief of staff of the Armed Police Force in Xinjiang, where Beijing has been committing genocide against Uyghurs and other Muslim groups. According to Chinese state broadcaster CCTV, Peng holds the rank of major general, and was previously the deputy chief of staff of China’s paramilitary police force, the People’s Armed Police. His appointment was signed into order by Chinese President Xi Jinping, CCTV said. CCTV also quoted Peng as saying that he would in his new appointment work with all members of the garrison to follow the command of the ruling Communist Party and Xi, and resolutely defend nat
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Tsai Ing-wen protested against Chinese intrusions in her New Year address
8Jan By News DeskNo Comments
China, Conflict

Tsai Ing-wen protested against Chinese intrusions in her New Year address

Taipei, Taiwan: President of Taiwan in her new ear’s address called China to resolve its differences peacefully. Tsai Ing-wen strongly protested against China’s military intrusions and asked China to discuss and solve the problems. Tsai said Chinese authorities "should not misjudge the situation, and that they should stop the spread of military adventurism within their ranks," reported NHK World. Tsai added that "the use of military means is absolutely not an option" for resolving the differences between the two sides of the Taiwan Strait. She warned that military clashes would deal a blow to economic stability. Further, Tsai also brought up the recent arrests of people in Hong Kong in connection with an online media outlet known for its critical stance against the Hong Kong
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