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DAILY NEWS ANALYSIS from Hindu, livemint, HT, Indian Express 26th July 2017 By JATIN VERMA Educator Unacademy For Daily The Hindu News & Editorial analysis- Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Page 12 International: China res back at U.S. accusations over aerial encounter China denied its fighter jet pilots operated dangerously during an encounter with a U.S. surveillance plane in international airspace in which the American pilot took evasive action to avoid a possible collision. Chinese Defence Ministry said that the performance of the pilots of the two J-10 fighters was "legal, necessary and professional". . China criticised frequent close-in surveillance runs by U.S. planes as raising the chance of accidents, saying such missions "threatened China's national security, harmed China-U.S. sea-air military safety, endangered the safety of pilots from the two sides and were the root cause of China-U.S. sea-air unexpected incidents" The U.S. should stop such "unsafe, unprofessional and unfriendly military activities intended at collecting Chinese computer and voice data in hopes of gaining insight into the workings of the People's Liberation Army (PLA)."
e China in 2013 declared an air defence identification zone [ADIZ] over a partly contested portion of the East China Sea, demanding foreign aircraft declare their presence and follow Chinese order it. It wasn't clear if Sunday's encounter took place inside the zone. PLA itself has been conducting such missions further and further from its home ports . The U.S. and others swiftly dismissed the zone as invalid and have largely ignored . While China has long chafed at U.S. surveillance operations targeting its military, the For Indian Polity Crash course, Visit my Unacademy profile- www.unacademy.com/user/studiousjatin
Page 12 World News:Sri Lanka clears revised deal for Hambantota port . Sri Lanka's Cabinet cleared a revised deal for the Chinese-built port in Hambantota. . The modified agreement, the government added, was more profitable to Sri Lanka and also addressed security concerns raised by other countries. Contours of Revised deal: To sell 70% stake in the southern port to the state-run China Merchants Port Holdings for $1.12. billion. 2. As per the revised agreement Sri Lanka will manage the port security thereby putting to rest the fears 2. As per the revised agreement Sri Lanka will manage the port security, thereby putting to rest the fears, that the port would be used as a military naval base 3.While the Chinese would manage port operations, no naval ship, including Chinese ones, can call at Hambantota without our permission Wary of the Chinese . India's apprehensions about the apparently growing Chinese presence in the island nation are well known, given the two countries' competing strategic interests here. The Hambantota port is part of China's Belt and Road Initiative. . Beijing's stake in the port and its plan to acquire 15,000 acres of adjoining land to help Colombo set up an industrial zone have strengthened the fears of those wary of China's growth in the region.
Page-12: For China's global ambitions, 'Iran is at the centre of everything For millennia, Iran has prospered as a trading hub linking East and West. Now, that role is set to expand in coming years as China un- spools its 'One Belt, One Road' project, which prom- ises more than $I trillion in infrastructure investment-bridges, rails, ports and en- ergy in over 60 countries across Europe,Asia and Africa. . Iran, historically a crossroads, is strategically at the centre of those plans. . Like pieces of a sprawling geopolitical puzzle, components of China's infrastructure network are being put in place. In eastern Iran, Chinese workers are busily modernising one of the country's major rail routes, standardising gauge sizes, improving the track bed and rebuilding bridges, with the ultimate goal of connecting Tehran to Turkmenistan and Afghanistan. . Much the same is happening in western Iran, where railroad crews are working to link the capital to Turkey and, eventually, to Europe. Other rail projects will connect Tehran and Mashhad with deepwater ports in the country's south. proge dependent on Bejing during the years of program, Iran is now critical to China's ability to realise its grandiose ambitions. Other routes to Western . Once dependent on Beijing during the years of international isolation imposed by the West for its nuclear markets are longer and lead through Russia, potentially a competitor of China.
A 575-mile electrified rail line linking Tehran and Mashhad, financed with a $1.6 billion loarn from China. 50 UZB Caspian Sea ARMAZER. TURKMENISTAN . When completed and attached to the wider .Tabriz network, the new line will enable Iran to export goods as far as northern Europe, Poland and Russia, at much less cost than today When finished, the proposed rail link will stretch nearly 2,000 miles, from Urumqi, the capital of China's western region of Xinjiang, to Tehran. Mashhad , Kuh-e Com TEHRAN, Kermanshah Birjand AFG. Yazd Ahvaz ndar-e Emam Khomeyni 30 Kerman adan 30- Shir z Sat T B shehr Zahedan andar 'Abbas Persian SAUDI ARABIA 100 200 km . If all goes according to plan, it will connect PAK bahar TAR mr Kazakhstan, Kyrgyzstan, Uzbekistan and Turkmenistan, o Guf of Oman 0 100 200 mi 0 UAE
NETHER NDS Moscow R US SIA POLAND ter GREECE KAZA K HSTAN MONGOLIA Venice VSERBIA ty Uruma Bishkek Am Urumqi IT LY RIstanbul UZBEKISTAN T U Beijing thens Mediterranean Seu Tehran IRAN Land route "One Belt" Xi'an Iran Route CHIN A PAKISTAN Fuzhou ypasses Russia & its KolkataoMYAN Zhanjiang allies Silk Road routes Land Sea _ New -New 2,000 km THAI South China ea AND ND RI LANKA ALAY INDIA N Kuala Lum 0 CEAN Colombo Sea route "One Road" KENYA Sources: Digital Silk Road Project; Financial Times E S Nairobi Jakarta
Business Page 13:Transfer unclaimed accruals to SCW fund: IRDA Insurance companies can no longer retain unclaimed amounts of policyholders if those accruals are more than 10 years old. Such sums need to be, instead, transferred to the Senior Citizens' Welfare Fund (SCWF) of the Centre.The fund is administered by MoSJE . All insurers having unclaimed amounts of policy- holders for a period of more than 10 years as on September 30, 2017 The corpus of the Senior Citizens Welfare Fund comprise of any credit balance in any of the accounts under the small savings like Post Office Saving Schemes, Banks, etc. remaining unclaimed for 10 years from date of declaration as an inoperative account, shall be transferred by the Institution holding such amounts to the Senior Citizens Welfare Fund. Rashtriya Vayoshri Yojana, a 'Scheme for providing Physical Aids and Assisted-living Devices for Senior citizens belonging to BPL category'.
Business Page 14: India's concerns slowing RCEP talks' India's reservations regarding the potential adverse impact of eliminating duties on its local manufacturing and job creation is understood to be slowing down the Regional Comprehensive Economic Partnership (RCEP) negotiations. The RCEP is a proposed mega Free Trade Agreement (FTA) involving 16 Asia Pacific nations including India and China, and aims, among other things, to liberalise investment norms in the region, besides boosting trade by dismantling most tariff and non-tariff barriers. . Widening trade gap-A matter of concern . India's trade deficit with RCEP nations is about $100 billion, and half of this is with China alone even without an FTA with China Post India's FTA with ASEAN, Japan and Korea [who are all RCEP members], our trade deficit with them have increased, and the government needs to take this into account during RCEP negotiations Zero duty to hit Indian dairy industry: Amul The Indian dairy sector, providing livelihood to 15 crore farmers, would be severely hit if import duties on milk and milk products were eliminated under any Free Trade Agreement (FTA) including the Regional Comprehensive Economic Partnership (RCEP), according to the local dairy cooperative Amul
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