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NDTV
9 minutes ago
- NDTV
"Untenable": Centre As Nepal Objects To India-China Trade Through Lipulekh
New Delhi: India on Wednesday rejected Nepal's opposition to the resumption of border trade with China through the Lipulekh Pass, calling Kathmandu's territorial claims "unjustified, untenable, and not supported by historical facts." The statement came after Nepal's Ministry of Foreign Affairs objected to the reopening of India-China trade through the Himalayan pass, a route that cuts through the Kalapani-Lipulekh-Limpiyadhura region. Kathmandu maintains the territory lies within Nepal, citing its map and historical treaties. Ministry of External Affairs spokesperson Randhir Jaiswal said India's position was "consistent and clear." "We have noted the comments of Ministry of Foreign Affairs of Nepal related to resumption of border trade between India and China through the Lipulekh Pass. Our position in this regard has been consistent and clear. Border trade between India and China through Lipulekh pass had commenced in 1954 and has been going on for decades. This trade had been disrupted in recent years due to Covid and other developments, and both sides have now agreed to resume it," he said in a statement. Mr Jaiswal called it a "unilateral act" and termed as "untenable" the "artificial enlargement" of the territorial claims by Nepal. India maintains Lipulekh, Kalapani and Limpiyadhura belongs to it. Addressing Nepal's objections, Mr Jaiswal said, "As regards territorial claims, our position remains that such claims are neither justified nor based on historical facts and evidence. Any unilateral artificial enlargement of territorial claims is untenable. India remains open to constructive interaction with Nepal on resolving agreed outstanding boundary issues through dialogue and diplomacy." Nepal shares a border of over 1,850 km with five Indian states - Sikkim, West Bengal, Bihar, Uttar Pradesh and Uttarakhand. On Wednesday Nepal said that the territory is its inseparable part and also incorporated in its official map. "The Nepal government is clear that Limpiyadhura, Lipulekh and Kalapani, situated East of Mahakali river, are inseparable parts of Nepal. These are also officially incorporated in the Nepalese map, included in the Constitution as well," the Nepal foreign ministry said. A joint document released on Tuesday after wide-ranging talks in New Delhi between Chinese Foreign Minister Wang Yi with External Affairs Minister S Jaishankar, National Security Advisor Ajit Doval and Prime Minister Narendra Modi, said both sides agreed to re-open border trade through the three designated trading points, namely Lipulekh Pass, Shipki La Pass and Nathu La Pass. The Nepal foreign ministry statement comes in response to questions raised by Nepalese media regarding the announcement by India and China to resume border trade through Lipulekh. "It is a well-known fact that the Nepal government has been requesting the government of India not to construct or expand roads and indulge in any kind of activity such as border trade in the territory," read the statement issued by spokesperson of the foreign ministry, Lok Bahadur Chhetri. "It is also well known that the Nepal government has already informed the government of China that the area lies in Nepalese territory," it added. "The Nepal government is committed to resolving the border issue between the two countries through diplomatic channels on the basis of historical treaty - agreement, facts, map and other evidence complying with the spirit of cordial and friendly relations existing between Nepal and India," read the statement. On June 18, 2020, Nepal completed the process to update the country's political map by incorporating three strategically important areas Lipulekh, Kalapani and Limpiyadhura areas by amending its Constitution.
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Business Standard
9 minutes ago
- Business Standard
ICICI Bank raises CSR allocation to Rs 801 cr in FY25, up from Rs 519 cr
ICICI Bank has increased its allocation to corporate social responsibility (CSR) to Rs 801 crore in FY25 from Rs 519 crore in FY24, according to its ESG report for FY25. Through the ICICI Foundation for Inclusive Growth, the bank remained focused on initiatives that contributed positively to society. In collaboration with multiple partners, the bank supported programmes centred on healthcare, skill development, rural livelihoods and community development. 'The bank is embedded into its core business strategy and operations. Aligned with its commitment to drive sustainable development, we have established a robust environmental, social and governance structure,' the bank said in the report. The bank said that to achieve carbon neutrality in scope 1 and scope 2 emissions by 2032, it has undertaken measures such as renewable energy adoption and the purchase of international renewable energy certificates of 11,000 MWh. On the social front, the outreach programme focused on education, skill development, livelihood generation and healthcare infrastructure. 'We shall continue to accelerate our efforts to drive sustainable, all-encompassing progress for our shareholders going forward,' said Pradeep Kumar Sinha, chairman, ICICI Bank. The private lender has seven committees for regular oversight. It has also introduced a digital tool for ESG data management, emissions calculation and monitoring of targets. In FY25, several initiatives were undertaken to support farmers and boost agricultural productivity across multiple states. Case studies relating to these have been included in the report. The bank spent Rs 1.41 billion on value chain development and skill training programmes in FY25 to support food security and end hunger.
India.com
9 minutes ago
- India.com
India and China are developing a special mechanism to tackle...,Trump should be worried because...
India china relations India-China relations: In a significant development between India and China, the two neigbours have agreed that like the Western Sector, a General Level Mechanism will also be set up in the Eastern and Central Sectors to address boundary issues. As a part of the mechanism, a meeting under will also be held soon in the Western Sector to discuss the border dispute. The update is seen as a step meant to strengthen dialogue between the two armies along the Line of Actual Control (LAC). What have India and China agreed for? In a news update that US's Donald Trump should see as a bad news, India and China have agreed for the set up of the General Level Mechanism which refers to Corps Commander level talks between the Indian and Chinese armies. How did India-China relations worsen? Notably, this format began after April 2020, when tensions escalated in Eastern Ladakh. Since the region comes under the 14th Corps of the Indian Army, its Commander represents India in these talks. What China said on boundary dispute with India? 'Regarding the boundary question, the two sides reached new consensus on conducting regular management and control, maintaining peace and tranquility in border areas, appropriately handling sensitive points, and initiating boundary negotiations in areas where conditions are met, Wang said on the boundary dispute with India. Story highlights: India and China have agreed for General Level Mechanism in the Eastern and Central Sectors. The two countries are planning to solve their border disputes. India-China tensions escalated in Eastern Ladakh in 2020. Recently, Chinese Foreign minister visited India. What PM Modi said on India-China relations? 'Glad to meet Foreign Minister Wang Yi. Since my meeting with President Xi in Kazan last year, India-China relations have made steady progress guided by respect for each other's interests and sensitivities. I look forward to our next meeting in Tianjin on the sidelines of the SCO Summit. Stable, predictable, constructive ties between India and China will contribute significantly to regional as well as global peace and prosperity,' PM Modi stated in a post on X.
