InCh by InCh, New Delhi & Beijing unveil big steps for LAC stability
Tired of too many ads?
Remove Ads
Boundary delimitation
Tired of too many ads?
Remove Ads
Flight connectivity, yatra
Diplomatic summit
New Delhi: Ahead of Prime Minister Narendra Modi's China visit to attend the Shanghai Cooperation Organisation (SCO) summit, India and China on Tuesday announced several confidence building measures (CBMs), including setting up expert group, working group and general level mechanisms, to stabilise the Line of Actual Control following the special representative (SR) mechanism meeting here.Both sides agreed to reopen border trade through the three trading points - Lipulekh Pass, Shipki La Pass and Nathu La Pass. They also agreed to facilitate trade and investment flows through concrete measures. NSA Ajit Doval and Chinese foreign minister Wang Yi held candid talks on India-China boundary question and agreed to seek a "fair, reasonable and mutually acceptable framework" to settle the matter in accordance with the Agreement on Political Parameters and Guiding Principles for Settlement of the India-China Boundary Question signed in 2005.It was decided to set up an expert group under the Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC) to explore early harvest in boundary delimitation, set up a working group under WMCC to advance effective border management to maintain peace and tranquillity in border areas and create general level mechanisms in eastern and middle sectors in addition to the existing general level mechanism in the western sector.They decided to use border management mechanisms at diplomatic and military levels to carry forward the process of border management.Wang Yi and external affairs minister S Jaishankar agreed to resume direct flight connectivity between Chinese mainland and India at the earliest and finalise an updated Air Services Agreement. They also agreed on the facilitation of visas to tourists, businesses, media and other visitors in both directions. Both sides agreed to continue and further expand the scale of the Indian pilgrimage to Mt. Kailash.The two sides exchanged views on trans-border rivers and agreed to give full play to the role of India-China expert level mechanism on trans-border rivers and keep communication on renewal of the relevant MoUs. The Chinese side agreed to share hydrological information during emergency situations based on humanitarian considerations, officials said.Both sides agreed to support each other in hosting successful diplomatic events. The Chinese side will support India in hosting the 2026 BRICS summit. The Indian side will support China in hosting the 2027 BRICS summit.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
Business Standard
14 minutes ago
- Business Standard
FIIs short bets intact even as Nifty rises nearly 700 pts from recent lows
FIIs long-short ratio in index futures has barely moved from 0.09 to 0.11, implying presence of heavy short bets in the August F&O series. Rex Cano Mumbai Listen to This Article The NSE Nifty 50 index has rallied nearly 700 points or 2.8 per cent from its low of 24,337 hit earlier this month on August 08, 2025 amid hopes of a peace deal between Russia and Ukraine, and the Indian government's plans to rationalize the Goods and Services Tax (GST) into a 2-tier system, bringing a majority of goods into lower tax slabs. So far in the August series, the Nifty has gained 0.9 per cent and there are only seven trading sessions remaining for the monthly expiry. Despite the sharp pullback from the
Deccan Herald
14 minutes ago
- Deccan Herald
I.N.D.I.A. floor leaders to meet at 10 am to discuss strategy on Bills that propose removal of PMs, CMs who are arrested
Hello Readers ! After NDA and I.N.D.I.A. announced their candidates for the Vice-President, and the former's C P Radhakrishnan filing his candidature today, I.N.D.I.A. bloc floor leaders are scheduled to meet at 10 am to discuss the 3 bills that propose removal of PM, CM, and ministers held on serious charges. The Narendra Modi government is likely to introduce two Bills – one to amend the Constitution and another to rework the law governing the administration of the Union Territories – in Lok Sabha as early as today. Follow DH for live updates on the Parliament!
&w=3840&q=100)
Business Standard
14 minutes ago
- Business Standard
ITC Hotels, IHCL gain 2% in subdued market; brokerages see more upside
ITC Hotels, Indian Hotels share price today Shares of ITC Hotels (₹239.60) and Indian Hotels Company (IHCL) (₹790.75) rallied 2 per cent each on the BSE in Wednesday's intra-day trade in an otherwise subdued market on the back of healthy business outlook. The correction in these stocks up to 12 per cent from their respective recent highs provided a good entry opportunity, believe analysts. In comparison, the BSE Sensex was down 0.15 per cent at 81,518 at 09:30 AM. The stock price of ITC Hotels had hit a record high of ₹261.35 on July 21, 2025, while, IHCL touched all-time high of ₹894.15 on December 30, 2024. Indian hospitality and tourism industry India's hospitality and tourism industry continues on a strong growth path, supported by rising travel demand, increasing domestic consumption, and sustained investment in infrastructure and services. The tourism sector is also gaining traction, with revenues projected to exceed $59 billion by CY 2028. Key drivers include growth in domestic travel, improvement in foreign tourist arrivals, and demand from corporate and event based tourism. The Union Budget 2025-26 has allocated ₹2,541.06 crore for tourism development, focusing on infrastructure, skill-building, and facilitation. A major initiative includes developing 50 tourist destinations in collaboration with states, aimed at improving visitor experience and connectivity. Meanwhile, the hotel sector outlook for Q2FY26 remains positive, supported by a lineup of events and seasonal demand drivers across India. A cluster of long weekends in August (Raksha Bandhan, Independence Day, Janmashtami, and Ganesh Chaturthi) is likely to support leisure travel across leisure destinations. The brokerage firm expects double-digit growth in RevPAR (Revenue per Available Room) for Q2, driven by ARR (Average Room Rate). Brokerages see more upside in ITC Hotels, Indian Hotels Analysts at ICICI Securities recommend a 'Buy' rating on ITC Hotels with a target price of ₹282 per share. Demand for luxury hotels will sustain in India with strong demand from domestic leisure travel and higher demand from higher foreign tourist arrivals in H2FY26. Hence, the brokerage firm expects double digit RevPar growth momentum to sustain with occupancy ratio expected to improve by 100-200bps while ARR to grow by 8-10 per cent. Its first international property – ITC Ratnadipa, Sri Lanka (352 rooms) which was launched in FY25, will incrementally add to the room revenues. Room revenues are expected to grow at compounded annual growth rate (CAGR) of 12 per cent over FY25-28E. The company derives ~40 per cent of its revenues from Food & Beverages (F&B) business, highest amongst the listed peers with F&B revenue contribution of 13-35 per cent. F&B business revenues are expected to grow at a CAGR of 19 per cent over FY25-28E, analysts said. Despite a high base in July, driven by five wedding nights last year, the Q2FY26 outlook of IHCL remains strong. Management anticipates robust performance in August and September. The company expects double-digit revenue growth in FY26 for its hotels segment, driven by meetings, incentives, conferences, and exhibitions (MICE) activity and continued inflow of high-profile international delegates, Motilal Oswal Financial Services said in the Q1 result update. The brokerage firm expects the strong momentum to continue in the medium term, led by a strong room addition pipeline in owned/management hotels (3,770/16,430 rooms), continued favorable demand-supply dynamics, and increasing MICE activities in India. It reiterated its 'Buy' rating on IHCL with SoTP-based target price of ₹900.
