China says talks on border situation with India 'candid'
border affairs
in New Delhi on Wednesday.
The
Chinese Foreign Ministry
called the talks "candid" in a press release issued here.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
Data Science
Cybersecurity
PGDM
healthcare
Public Policy
Project Management
Design Thinking
MCA
Others
Finance
Degree
Technology
Artificial Intelligence
Data Analytics
Management
Leadership
Operations Management
others
Digital Marketing
Product Management
Data Science
Healthcare
MBA
CXO
Skills you'll gain:
Strategic Data-Analysis, including Data Mining & Preparation
Predictive Modeling & Advanced Clustering Techniques
Machine Learning Concepts & Regression Analysis
Cutting-edge applications of AI, like NLP & Generative AI
Duration:
8 Months
IIM Kozhikode
Professional Certificate in Data Science and Artificial Intelligence
Starts on
Jun 26, 2024
Get Details
Skills you'll gain:
Data Analysis & Interpretation
Programming Proficiency
Problem-Solving Skills
Machine Learning & Artificial Intelligence
Duration:
24 Months
Vellore Institute of Technology
VIT MSc in Data Science
Starts on
Aug 14, 2024
Get Details
"The two sides focused on in-depth communication regarding the implementation of the outcomes of 23rd meeting of Special Representatives (SRs) for China-India Boundary Question and agreed to jointly prepare for the 24th meeting," added the ministry.
Following the WMCC talks India's Ministry of External Affairs on Wednesday said the two sides expressed "satisfaction with the general prevalence of peace and tranquillity in the border areas, leading to gradual normalisation of
bilateral relations
."
The meeting also prepared ground for ground for the next edition Special Representative talks scheduled to be held in India later this year.
Live Events
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
2 hours ago
- Time of India
Donald Trump says will announce new tariff plan for semiconductors and chips next week because: We want them to ...
Donald Trump US President Donald Trump announced that new tariffs on semiconductor and chip imports will be unveiled "within the next week or so," as his administration pursues an aggressive trade policy aimed at bringing manufacturing back to the United States. "We're going to be announcing on semiconductors and chips, which is a separate category, because we want them made in the United States," Trump said during an interview on CNBC's "Squawk Box." The president, however, did not provide specific details about tariff rates or implementation timelines. The announcement comes as the Commerce Department has been investigating the semiconductor market since April to lay the groundwork for possible tariffs on an industry expected to generate nearly $700 billion in global sales, according to Bloomberg. The vast majority of the world's most advanced semiconductors currently come from Taiwan, home to major chipmaker TSMC, whose customers include tech giants Apple, Nvidia, Qualcomm and AMD. Trump's recent policy shifts show selective approach The semiconductor tariff announcement follows Trump's recent decision in April to exclude smartphones, computers, and other electronics from higher tariffs, though other existing duties remain in place. US Customs and Border Protection updated its guidance to exempt various tech products from the 125% additional tariff on Chinese goods and the base 10% global tariff. Despite Trump's claims that "people love the tariffs," his approval rating has declined in multiple poll trackers' latest updates, per CNBC. Historical data, as quoted in the CNBC report, shows that the president's first-term trade war with China actually expanded China's trade surplus with the US between 2018 and 2021, according to industry reports. Trump had sharply criticized the Biden administration's $52 billion CHIPS Act subsidies as "ridiculous," arguing that tariff threats provide superior incentives for domestic manufacturing. "We will have more plants built in the next short period of time than ever before because the incentive will be there," Trump stated at a House GOP conference earlier this year in January, though he provided no specific timelines for these projected developments. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Scroll.in
2 hours ago
- Scroll.in
Trump's revised tariffs will reduce GDP of several countries, including the US
The global rollercoaster ride of United States trade tariffs has now entered its latest phase. President Donald Trump's April 2 'Liberation Day' announcement placed reciprocal tariffs on all countries. A week later, amid financial market turmoil, these tariffs were paused and replaced by a 10% baseline tariff on most goods. On July 31, however, the Trump Administration reinstated and expanded the reciprocal tariff policy. Most of these updated tariffs are scheduled to take effect on August 7. To evaluate the impact of these latest tariffs, we also need to take into account recently negotiated free trade agreements (such as the US-European Union deal), the 50% tariffs imposed on steel and aluminium imports, and tariff exemptions for imports of smartphones, computers and other electronics. For selected countries, the reciprocal tariffs announced on April 2 and the revised values of these tariffs are shown in the table below. The revised additional tariffs are highest for Brazil (50%) and Switzerland (39%), and lowest for Australia and the United Kingdom (10%). For most countries, the revised tariffs are lower than the original ones. But Brazil, Switzerland and New Zealand are subject to higher tariffs than those announced in April. In addition to the tariffs displayed above, Canadian and Mexican goods not registered as compliant with the US-Mexico-Canada Agreement are subject to tariffs of 35% and 25% respectively. Economic impacts The economic impacts of the revised tariffs are examined using a global model of goods and services markets, covering production, trade and consumption. A similar model was used to assess the impacts of the original reciprocal tariffs and the outcome of a US-China trade war. GDP impacts of the tariffs are displayed in the table below. The impacts of the additional tariffs are evaluated relative to trade measures in place before Trump's second term. Retaliatory tariffs are not considered in the analysis. An economic own goal The tariffs reduce US annual GDP by 0.36%. This equates to US$108.2 billion or $861 per household per year (all amounts in this article are in US dollars). The change in US GDP is an aggregate of impacts involving several factors. The tariffs will compel foreign producers to lower their prices. But these price decreases only partially offset the cost of the tariffs, so US consumers pay higher prices. Businesses also pay more for parts and materials. Ultimately, these higher prices hurt the US economy. The tariffs decrease US merchandise imports by $486.7 billion. But as they drive up the cost of US supply chains and shift more workers and resources into industries that compete with imports, away from other parts of the economy, they also decrease US merchandise exports by $451.1 billion. Global impacts For most other countries, the additional tariffs reduce GDP. Switzerland's GDP decreases by 0.47%, equivalent to $1,215 per household per year. Proportional GDP decreases are also relatively large for Thailand (0.44%) and Taiwan (0.38%). In dollar terms, GDP decreases are relatively large for China ($66.9 billion) and the European Union ($26.6 billion). Australia and the United Kingdom gain from the tariffs ($0.1 billion and $0.07 billion respectively), primarily due to the relatively low tariffs levied on these countries. Despite facing relatively low additional tariffs, New Zealand's GDP decreases by 0.15% ($204 per household) as many of its agricultural exports compete with Australian commodities, which are subject to an even lower tariff. Although the revised reciprocal tariffs are, on average, lower than those announced on April 2, they are still a substantial shock to the global trading system. Financial markets have been buoyant since Trump paused reciprocal tariffs on April 9, partly on the hope that the tariffs would never be imposed. US tariffs of at least 10% to 15% now appear to be the new norm. As US warehouses run down inventories and stockpiles, there could be a rocky road ahead.
News18
2 hours ago
- News18
Chinese group Ant Financial exits Paytm, sells 5.84 pc stake for Rs 3,980 crore
Agency: PTI New Delhi, Aug 5 (PTI) Chinese billionaire Jack Ma's Ant Financial on Tuesday exited One97 Communications, the parent company of Paytm, by selling its entire 5.84 per cent stake for Rs 3,980 crore through open market transactions. Ant Group, through its affiliate Antfin (Netherlands) Holding BV, offloaded around 3.73 crore equity shares of Noida-based One97 Communications in large deals. Ant Group, formerly known as Ant Financial, is an affiliate company of the Chinese conglomerate Alibaba Group. Shares of One97 Communications fell 2.38 per cent to close at Rs 1,052.65 apiece on the BSE. According to the bulk deal data on the BSE, Antfin (Netherlands) Holding BV offloaded nearly 3.73 crore equity shares, representing 5.84 per cent stake, in two tranches. The shares were sold in the price range of Rs 1,067.53-1,067.63 apiece, taking the combined deal value to Rs 3,980.76 crore. As of the June quarter, Antfin (Netherlands) Holding BV owned a 5.84 per cent stake in Paytm. Meanwhile, Paris-based financial services company Societe Generale through its two affiliates bought a total of 67.50 lakh shares or 1.06 per cent stake in Paytm for Rs 720.56 crore. In addition, Hong Kong-based Management through its arm — MY Asian Opportunities Master Fund LP — purchased 35 lakh equity shares or 0.55 per cent stake in Paytm for Rs 373.62 crore. Management HK Advisors has been responsible for the management of York Capital Management Global Advisors LLC's Asian hedge fund business. ultimate control is under Masahiko Yamaguchi. The shares were acquired at an average price of Rs 1,067.50 apiece on the BSE. Details of the other buyers of One97 Communications' shares could not be ascertained on the exchange. After the exit by Ant Group, Resilient Asset Management BV, an entity owned by founder Vijay Shekhar Sharma and his family members, and Hong Kong-based private equity firm SAIF Partners hold more than 10 per cent stake in Paytm. SAIF Partners, through its two affiliates, owns a 15.34 per cent stake in Paytm as of June 2025, according to the shareholding data on the BSE. Resilient Asset Management BV holds a 10.24 per cent stake while Vijay Shekhar Sharma owns a direct 9.07 per cent stake in the payment services provider. Earlier, Chinese internet firm Alibaba Group was the biggest shareholder in Paytm with a 34.7 per cent stake before the company's initial public offering in November 2021. Alibaba group firm Antfin sold around 5 per cent shares to lower its stake below 25 per cent in Paytm to comply with regulatory requirements at the time of IPO. To shed its Chinese-owned entity image, Paytm in August 2023 announced that Antfin would transfer its 10.3 per cent stake in Paytm to Resilient Asset Management BV. In return, Resilient issued a debt instrument — optionally convertible debentures– to Antfin, thereby maintaining the economic interest of the Alibaba group firm. With this transaction, Antfin's direct stake in Paytm was reduced to 13.5 per cent. Ant Group had been shedding its stake in Paytm after the listing in 2021. At the end of March 2025, the Chinese fintech giant had nearly 10 per cent stake in Paytm. In May this year, Ant Group offloaded more than 2.55 crore shares or a 4 per cent stake in One97 Communications for Rs 2,103 crore. PTI HG MR view comments First Published: August 05, 2025, 22:15 IST News agency-feeds Chinese group Ant Financial exits Paytm, sells 5.84 pc stake for Rs 3,980 crore Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
