After a gap of five years, India resumes issuance of tourist visas to Chinese citizens
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India.com
24 minutes ago
- India.com
Trump Cozying Up To Pakistan – Will It Push India Closer To China?
New Delhi: A meeting in Washington last month between former U.S. President Donald Trump and Pakistan Field Marshal Asim Munir sparked concern in New Delhi. Just days earlier, a deadly terrorist attack in Pahalgam, South Kashmir, had killed 26 innocent civilians. India blamed Pakistan after a group linked to Lashkar-e-Taiba claimed responsibility. Foreign policy watchers are now weighing a critical question: could this renewed U.S.-Pakistan engagement unsettle India's fragile equation with China? For years, Beijing has served as the strategic common threat binding India and the United States. Both nations view China as a geopolitical rival and have steadily expanded cooperation to counter its influence. But Trump's warm overtures toward China-backed Pakistan are forcing India to rethink its calculus. Diplomatic experts say India is unlikely to pivot dramatically toward China based solely on the Trump-Munir meeting. Moves to de-escalate tensions with Beijing had already been set in motion months earlier. Still, the symbolism of the meeting and its implications for India's long-term strategy are difficult to ignore. Michael Kugelman, director of the South Asia Institute at the Wilson Center in Washington D.C., said the meeting must be viewed in light of recent India-Pakistan military flare-ups during Operation Sindoor. 'It is not that India is suddenly leaning toward China because of Trump's outreach to Pakistan. But the context matters, especially given that Pakistan used Chinese weapons against India for the first time during that conflict,' he explained. He added that uncertainty around U.S.-India ties under Trump remains a major concern in New Delhi. 'There is no clear indication of how Trump plans to deal with China. At times, he talks tough, at others, he calls for cooperation. India is wary of assuming that the United States will always align with its strategic interests on China.' That ambiguity, Kugelman said, is one reason India has begun hedging its bets by stabilising ties with Beijing. A Subtle Thaw Between India and China Since October 2024, signs of a diplomatic thaw have emerged. Border troops from both sides have started withdrawing from several flashpoints along the disputed Line of Actual Control (LAC). Earlier this month, External Affairs Minister S. Jaishankar met Chinese President Xi Jinping during the SCO foreign ministers' summit, marking his first visit to Beijing in six years. Direct commercial flights between India and China are set to resume. The long-suspended Kailash Mansarovar Yatra has reopened for Indian pilgrims. In a move with economic implications, the government think tank NITI Aayog has proposed allowing up to 24% Chinese equity in Indian companies without special clearance. Foreign policy commentator Indrani Bagchi believes India is proceeding cautiously. 'The government is trying to introduce a degree of stability into its relationship with China. We may see some Chinese investment flowing in, but it's unlikely to go much beyond that,' she said. She also warned against overreacting to Trump's overtures to Pakistan. 'This is not the first time Washington has leaned toward Islamabad. Whenever it does, the trust factor in U.S.-India ties takes a hit. If the United States resumes military aid to Pakistan, it will definitely raise red flags in New Delhi,' she added. At the same time, she noted, India has been attempting to diversify its defense partnerships, gradually reducing dependence on Russia and increasing procurement from the United States. 'If America is using Pakistan as a bridge to reach China, India will be forced to reassess,' she added. What Is Beijing's Game? Some former diplomats argue that if India extends a hand, China will likely respond with caution but openness. Achal Malhotra, a former ambassador, said New Delhi's foreign policy is guided by realism, not alignment. 'Our relations with China stand on their own merit. We are prudent but sovereign in our choices. The United States knows this. Trump's meeting with Munir likely reflects Pakistan's geographic utility in Afghanistan and Central Asia. Unless that directly threatens India, it is not an alarming development,' he said. Strategic analyst Zakir Hussain suggested it is U.S. inconsistency that might be nudging India toward China. 'The way Washington handles its ties with India is part of the reason New Delhi may explore a less confrontational path with Beijing. Economically, some of India's moves may lower tensions. But let us be clear that China will never abandon Pakistan for India,' he said.
Time of India
an hour ago
- Time of India
States rally behind AP in fight for industrial alcohol regulation
Vijayawada: The state govt has sparked a debate over regulatory control of industrial alcohol following a high-profile seizure linked to illicit liquor production. Inspired by Andhra Pradesh 's decisive action, several states are preparing to push the Centre for jurisdiction over industrial alcohol — a domain traditionally under central authority. AP recently invoked a Supreme Court ruling to file criminal cases against individuals illegally transporting spirit intended for spurious liquor. In a major crackdown recently, excise and prohibition officials arrested 36 individuals and seized over 2,232 litres of diverted spirit, alongside counterfeit liquor bottles and packaging materials. Investigations unearthed a well-organised supply chain: spirit obtained under industrial pretenses like hand sanitizer production was rerouted for illegal liquor manufacture. Two repeat offenders confessed to sourcing ethanol via a Telangana-based pharma firm exploiting its RS-III license and pandemic-era permissions. The company—granted temporary sanitizer production rights during Covid-19 — allegedly misused them by diverting undenatured ethanol to operators in Andhra Pradesh. The network extended beyond Andhra Pradesh, with supporting materials like empty liquor bottles, brand labels, and caps being procured from Mumbai-based vendors— underscoring its scale and sophistication The Palakollu case prompted other states to seek input from AP authorities, who have since been approached for guidance and invited to lead a seminar on regulatory powers over industrial alcohol. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Clearance Sale: Exclusive handcrafted handbags - now 70% off Handmakers Report Read Now Undo However, the issue took a new twist after the arrival of GST regime. While the states continue to demand for control, the Centre made it clear that it has complete power to regulate, tax and penalise industrial alcohol. The states got the final relief with the latest Supreme Court judgement in Uttar Pradesh Vs Lalita Prasad and others case in 2024. A judgement by a nine-member judge (Constitutional bench) finally said that states would continue to have power on industrial alcohol to regulate the mechanism of supply of alcohol to industries and also potable alcohol.
Indian Express
an hour ago
- Indian Express
Why a strong rouble is a double-edged sword for Russia
The Russian rouble's 45% rise against the US dollar since the start of the year has made it one of the world's best performing currencies — but the sharp appreciation is proving to be a double-edged sword for the heavily sanctioned Russian economy. Here's why. The rise is driven primarily by the Russian central bank's tight monetary policy and optimism after US-Russia talks in February raised hopes for a peace settlement in Ukraine. Interest rates on rouble deposits have also soared above 20%, making the currency attractive to savers and as a speculative trade for its yield. At the same time, high borrowing costs have slowed imports, reducing demand for foreign currency. The weakness of the US currency, whose index lost 6.6% since President Donald Trump's 'Liberation Day' tariff announcement on April 2, has also helped the rouble. Although the central bank says there is a freely floating exchange rate, it has been selling the Chinese yuan, its only major intervention tool, to support the rouble. When the rouble strengthens against the yuan, its rate against the dollar strengthens as well to avoid arbitrage. The strength of the rouble means that dollar-denominated energy revenues generate fewer roubles for the Russian budget. A weaker rouble would boost budget revenues. The 2025 budget assumes an average rate of 94.3 roubles per dollar, but the current rate is around 78. If the rouble stays strong, analysts estimate the budget could lose 2.4% of its revenues this year. Russian businesses also argue a strong rouble is making exports more expensive to buyers in dollars and other currencies. Exporters, from oil to metals to agriculture, are hurting. A stronger rouble makes their revenues shrink. Many officials and business leaders say they would prefer a rate of 100 to the dollar. However, Elvira Nabiullina, the governor of the central bank, argues that a softer currency would be a sign of economic vulnerability. Nabiullina, who on Friday announces the latest interest rate decision, says the exchange rate is not just there to please exporters, stressing that the strong rouble is a product of the tight monetary policy needed to fight stubbornly high inflation. Analysts have warned for months that the rouble is overvalued, but the currency has defied their forecasts so far. The central bank is widely expected to cut interest rates at its upcoming meeting. If it does, market rates will fall as well, prompting savers to pull money from rouble deposits. That could weaken the currency. A bigger test looms in early September, when a 50-day deadline set by US President Donald Trump for Russia to show progress toward peace in Ukraine expires. If new US sanctions targeting buyers of Russian oil follow, the rouble could come under renewed pressure. The last time the rouble weakened significantly was in November 2024, after Washington sanctioned Gazprombank, which had handled oil and gas payments. A source close to the central bank pointed to Reuters that when the regulator cut the key rate from 17% to 11% between February and July 2015, the rouble took several months to weaken gradually. This is the regulator's expectation this time.
