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China says talks on border situation with India 'candid'
China says talks on border situation with India 'candid'

Time of India

time24-07-2025

  • Business
  • Time of India

China says talks on border situation with India 'candid'

China on Thursday said its diplomatic talks with India on the border situation was "candid". The two sides held talks under the framework of the Working Mechanism for Consultation and Coordination (WMCC) on 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

NSA Ajit Doval meets Chinese Foreign Minister Wang Yi in Beijing for talks
NSA Ajit Doval meets Chinese Foreign Minister Wang Yi in Beijing for talks

Business Standard

time23-06-2025

  • Politics
  • Business Standard

NSA Ajit Doval meets Chinese Foreign Minister Wang Yi in Beijing for talks

National Security Advisor Ajit Doval on Monday emphasised the need to counter terrorism in all its forms for overall regional peace and stability during a meeting with Chinese Foreign Minister Wang Yi in Beijing. Doval is visiting China to attend a conclave of top national security officials of the member nations of the Shanghai Cooperation Organisation (SCO). The Ministry of External Affairs (MEA) said both sides reviewed recent developments in India-China bilateral relations and underscored the need to promote the overall development of the bilateral ties including by fostering greater people to people engagement. "The NSA also emphasized the need to counter terrorism in all its forms and manifestations to maintain overall peace and stability in the region," it said in a statement. Doval's emphasis on countering terrorism comes nearly a month-and-a-half after India smashed several terror infrastructure in Pakistan in response to the April 22 Pahalgam terror attack. The MEA said Doval and Wang also exchanged views on other bilateral, regional and global issues of mutual interest. "The NSA noted that he looked forward to meeting with Wang Yi in India at a mutually convenient date for the 24th round of the Special Representative (SR) talks," it said.

India to allow US firms to bid for govt contracts worth $50 billion in wider scope for foreign firms: Report
India to allow US firms to bid for govt contracts worth $50 billion in wider scope for foreign firms: Report

Mint

time23-05-2025

  • Business
  • Mint

India to allow US firms to bid for govt contracts worth $50 billion in wider scope for foreign firms: Report

India is opening up a chunk of its protected government procurement market to foreign firms, including the U.S, two government sources said, in a shift that could extend to other trading partners after it was offered to the UK under a trade deal this month. The government is likely to allow U.S. firms to bid for contracts worth over $50 billion, mainly from federal entities, as it negotiates a trade deal with Washington, the sources said. Total public procurement - including by federal, state and local governments and state-run firms - is worth an estimated $700 billion-$750 billion per year, according to government estimates. Most is reserved for domestic firms, with 25% set aside for small businesses, although sectors like railways and defence can buy from foreign suppliers when domestic options are unavailable. Earlier this month, India and the UK agreed on a free trade pact that gives British firms access to federal government contracts in select sectors - covering goods, services and construction - on a reciprocal basis. "In a policy shift, India has agreed to open its public procurement contracts gradually to trading partners including the U.S. in a phased manner and reciprocal manner," said one of the officials, with the knowledge of the matter. Only a portion of the government's procurement contracts - mainly linked to federal projects worth around $50-$60 billion - will be opened to foreign firms, while state and local government purchases will be excluded, the official said. "Following the UK pact, India is ready to open a part of its public procurement market to the U.S. as well," said a second official. Both sources requested anonymity, as details of the ongoing talks have not been made public. The commerce ministry did not respond to requests for comment on the U.S. proposal or extending the plan to other nations. India has long resisted joining the World Trade Organisation's Government Procurement Agreement, citing the need to protect small businesses. In its March report on foreign trade barriers, the U.S. Trade Representative said India's restrictive procurement policies pose challenges for U.S. firms due to "changing rules and limited opportunities." Indian Trade Minister Piyush Goyal visited Washington this week to advance trade talks, with both sides aiming to sign an interim agreement by early July, officials said. New Delhi is pushing to clinch a trade deal with the U.S. within the 90-day pause on tariff hikes announced by U.S. President Donald Trump on April 9 for major trading partners, which includes a 26% tariff on imports from India. The commerce ministry said in a text message that UK firms would only be allowed limited access to bid for contracts of non-sensitive federal entities, excluding state and local government procurement. UK-based suppliers can bid for Indian tenders above 2 billion rupees ($23.26 million) while the UK will offer non-discriminatory access to Indian suppliers under its public procurement system, the ministry said. The government has assured small industry that a quarter of the orders will be reserved for them, said Anil Bhardwaj, secretary general of the Federation of Indian Micro, Small and Medium Enterprises (FISME), a leading industry body. "Opening procurement to foreign firms on a reciprocal basis offers an opportunity for Indian businesses in overseas markets as well," he said. ($1 = 85.9810 Indian rupees)

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