Indian EAM S. Jaishankar Takes A Subtle Dig at China's Debt Trap Africa Policy
Indian EAM S. Jaishankar Takes A Subtle Dig at China's Debt Trap Africa Policy | Firstpost Africa
Indian EAM S. Jaishankar Takes A Subtle Dig at China's Debt Trap Africa Policy | Firstpost Africa | N18G
At the Africa Day 2025 event in New Delhi, India's External Affairs Minister S. Jaishankar took a veiled swipe at China's role in Africa. He criticized what he called 'extractive models of engagement,' referring to how some countries approach Africa mainly for its natural resources without supporting long-term local growth. China has built a strong presence in Africa through large infrastructure projects funded by Chinese loans. These deals often benefit Chinese companies, use Chinese workers, and leave African nations with rising debt. There's little transfer of skills or technology, which keeps local industries dependent. In contrast, Jaishankar said India focuses on capacity building, skill development, and technology transfer. India offers training programs, education, and support for local innovation, aiming to help African countries become self-reliant.
See More
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
12 minutes ago
- Time of India
‘Call me a fugitive, not a thief': Vijay Mallya says sorry for Kingfisher crash, not the ‘chor' tag
Vijay Mallya publicly apologized for the failure of Kingfisher Airlines, acknowledging its collapse while denying allegations of theft and criminal intent. He defended his decision to stay away from India, asserting he didn't 'run away' but left on a pre-scheduled visit. Mallya expressed willingness to return to India if assured a fair trial and dignified life. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Business tycoon Vijay Mallya issued a rare and public apology for the failure of Kingfisher Airlines , while strongly denying allegations of theft and defending his reasons for staying away from India 'I apologise to everyone for the failure of Kingfisher Airlines ,' Mallya said during a four-hour podcast with entrepreneur Raj Shamani released on Thursday, acknowledging the collapse of the now-defunct airline that once symbolised his flamboyant business he maintained that the situation was more complex than often portrayed and denied any criminal intent Moreover, in the podcast, Mallya said he would consider returning to India if assured of a fair trial and a dignified existence. "If I have a fair assurance of a fair trail and dignified existence in India, I will think about it (returning to India) seriously."Addressing the allegations of financial misconduct , Mallya said, 'You may call me a fugitive , but I didn't run away. I flew on a prescheduled visit. Fair enough, I didn't return for reasons that I consider are valid… so if you want to call me a fugitive, go ahead. But where is the 'chor' (thief) coming from? Where is the 'chori' (theft)?'The former businessman is accused of defaulting on loans worth over ₹9,000 crore extended to Kingfisher Airlines by a consortium of Indian banks. He has been fighting extradition proceedings in the United Kingdom, where he has lived since multiple legal setbacks, including a UK court ruling in favor of his extradition in 2018, Mallya continues to contest his return to India, citing unfair treatment and media trials.
Hans India
19 minutes ago
- Hans India
Trade Setup for June 6: Nifty eyes RBI cue to breakout towards 25,000+
Indian equities saw a volatile but rangebound session on June 5, with the Nifty 50 closing at 24,751, up 131 points. Despite midday gains of nearly 200 points, the index gave up most of them before ending higher. Support at 24,500 remains strong, keeping the bullish bias intact. 🔑 Key Technical Levels Support: 24,500 Immediate Resistance: 24,900 Breakout Trigger: Sustained close above 24,900 could open doors to 25,000+ 🏦 Eyes on RBI Markets are pricing in a 25 bps repo rate cut by the RBI on June 6 — the third cut this year. A deeper cut could spark bullish sentiment and push Nifty past its current ceiling. 💹 Sector & Stock Highlights Outperformers: Realty, Pharma, Healthcare Underperformers: PSU Banks, Auto, Media Top Gainers: Eicher Motors, Trent, Dr Reddy's Top Laggards: IndusInd Bank, Tata Consumer, Axis Bank Buzzing Stocks: Reliance Industries (+1%) on JPMorgan upgrade DLF, Godrej Properties on continued realty rally Hindustan Zinc (+6%) amid record silver prices 📊 Broader Market Trends Nifty Midcap 100: +0.53% Nifty Smallcap 100: +0.96% (4-month high) 📉 Analyst Views Golden crossover on Nifty's daily chart hints at short-term uptrend (Rupak De) Base formation near 24,500 supports bullish continuation (Devarsh Vakil) Watch for a decisive break above 24,900 for momentum to pick up (Om Mehra) Strategy for Traders: Long bias if Nifty holds above 24,500 and breaks past 24,900 Cautious near resistance if RBI outcome disappoints Watch rate-sensitive sectors (Realty, Banks, Auto) closely post-policy
United News of India
19 minutes ago
- United News of India
CJI Gavai champions cross-border legal synergy at ICA London conference
New Delhi / London, June 5 (UNI) Chief Justice of India Justice B R Gavai inaugurated the third International Conference on 'Arbitrating Indo-UK Commercial Disputes: Synergizing India–UK Arbitration Practices' in London on Thursday. The high-level event, hosted by the Indian Council of Arbitration (ICA) during London International Disputes Week, brought together legal luminaries, judges, policymakers, and commercial dispute resolution experts from both nations to strengthen ties in arbitration and mediation. Delivering the inaugural address, CJI Gavai remarked, 'India and the United Kingdom share a rich history, bound by the tradition of arbitration and mediation rooted in our common law heritage.' The conference was also addressed by Union Minister of Law and Justice Arjun Ram Meghwal, Lord Michael Briggs, Judge of the UK Supreme Court, Justice Hima Kohli, Supreme Court of India, Vikram Doraiswami, High Commissioner of India to the UK, and eminent lawyers including Harish Salve KC and Geeta Luthra, Vice President of ICA. CJI Gavai reflected on India's arbitration journey, invoking Mahatma Gandhi's commitment to mediation as foundational. 'Disputes are inevitable. What defines a strong commercial relationship is our commitment to resolve them efficiently,' he stated. He emphasised India's progress through amendments to the Arbitration and Conciliation Act (notably 2019), the establishment of the Arbitration Council of India, and the 2024 Bill proposing emergency arbitration and appellate tribunals. He lauded the UK's 2025 reforms in its Arbitration Act, promoting summary disposal and legal clarity. Justice Gavai drew from key Indian rulings, including BALCO, Vijay Karia, Amazon versus Future Retail and Gayatri Balasamy, to emphasise judicial minimalism and finality in arbitration. He noted, 'When arbitral awards are upheld without unnecessary interference, it enhances predictability, business trust, and investor confidence.' The CJI praised the growth of Indian institutions like DIAC, MCIA, and IIAC, while commending LCIA's role as a global benchmark. He stressed the importance of collaboration between Indian and UK arbitration bodies to raise global standards. Justice Gavai applauded the adoption of Online Dispute Resolution (ODR) and hybrid systems such as Arb-Med-Arb. He called the Bar Council of India's recent move to allow foreign lawyers to advise on arbitration in India a 'landmark reform' that balances global openness with domestic integrity. CJI Gavai humorously outlined four transformative reforms he would introduce with a "magical wand". 'If I Had a Wand…,' CJI said, "I would make four reforms for India's Arbitration Regime." Finality of Arbitral Awards – Arbitration must be the final word, not an invitation for years of litigation. Mainstream Institutional Arbitration -- The Arbitration centres should be the norm, not an exception. Elimination of Delays -- Procedural fairness should not become a tool for tactical stalling. Diversity in Arbitrators -- The arbitrator pool must reflect varied perspectives and backgrounds for better outcomes. Chief Justice Gavai concluded by affirming India's unwavering commitment to becoming a preferred global seat for arbitration. He said, 'As India and the UK grow increasingly interconnected in commerce and law, our shared democratic values and legal traditions provide a strong foundation for a unified, efficient, and trustworthy dispute resolution system.' The conference echoed a resounding call for legal harmonisation, technology-driven arbitration, and cross-border cooperation with the shared goal of easing court pendency and bolstering investor confidence through strong alternative dispute resolution mechanisms. The event brought together senior dignitaries and legal experts from both India and the UK, including Chief Justice of India B R Gavai (inaugural address), Lord Briggs of Westbourne, Judge of the UK Supreme Court (keynote address), Vikram Doraiswami, High Commissioner of India to the UK (special address), Justice Hima Kohli, Supreme Court of India, Harish Salve KC, Senior Advocate and International Arbitrator, Sujit Ghosh, Deputy High Commissioner of India to the UK, Arun Chawla, Director General, ICA, Geeta Luthra, Senior Advocate and Vice President, ICA, Dr N G Khaitan, President of ICA and Senior Partner at Khaitan and Co, and Karishma Vora, Barrister at 39 Essex Chambers, London and Member of the ICA International Advisory Committee. UNI SNG SS
