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NEWS|Current Affairs 
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Beijing:India and China today agreed tostudy the possibility of setting up an economic corridorspanning the two nations and covering Bangladesh and Myanmar."Further discussions on concepts and alignment of theeconomic corridor are envisaged. Both India and China wouldcontinue to discuss with the other parties to this initiative,and hold the first BCIM Joint Study Group meeting in comingDecember to study the specific programs on building the BCIMEconomic Corridor," said a joint statement.The statement was issued after apex-level talks betweenvisiting Indian Prime Minister Manmohan Singh and ChinesePremier Li Keqiang.Pursuant to an understanding reached in May, India andChina have each established a study group on the BCIM[Bangladesh, China, India and Myanmar] Economic Corridor.The leaders, the statement said, recognised that Indiaand China are poised to enter a new stage of economicengagement based on pragmatic cooperation and mutuallyadvantageous policies and practices."They expected the Strategic Economic Dialogue during itsmeeting in November/December 2013 to work out specificprojects and initiatives in areas that have already beenbroadly agreed upon," it said.The Joint Economic Group, it said, will continue toexpand the bilateral economic cooperation and promote abalanced growth of bilateral trade.Singh, after meeting Li, said the Chinese Premier wasreceptive to his concern about the unsustainable trade balancebetween the two countries and they have agreed to exploreavenues to bridge this gap."We are taking forward the suggestion made by Premier Liin New Delhi for a Chinese industrial park to act as a magnetfor Chinese investment in India. We are also exploring thefeasibility of the Bangladesh-China-India-Myanmar EconomicCorridor connecting the two countries via the southern SilkRoad," he said.PTI

Search for MH 370: Mini submarine aborts second dive attempt

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Search for MH 370: Mini submarine aborts second dive attempt

A mini-submarine making its second dive in the hunt for Malaysian jet MH370 encountered a "technical difficulty" and resurfaced on Wednesday, officials said, after the first mission also abo...


Mustang turns 50: Ford to launch special limited edition car

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Mustang turns 50: Ford to launch special limited edition car

Ford is building a limited-edition Mustang GT to honor the pony car's 50th anniversary.The company will only build 1,964 special cars, honoring the year the Mustang first went on sale.The 50 Year Limi...

NYPD disbands controversial unit that spied on Muslims

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NYPD disbands controversial unit that spied on Muslims

New York: A special New York Police Department unit that sparked controversy by tracking the daily lives of Muslims in an effort to detect terror threats has been disbanded, police officials said Tues...

South Korea: 295 people still missing after ferry sinks

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South Korea: 295 people still missing after ferry sinks

Seoul, South Korea: The government says 295 people are still missing several hours after a ferry carrying 477, most of them high school students, sank in cold waters off South Korea's southern coast. ...

Poll official found dead on river bank in Bihar

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Poll official found dead on river bank in Bihar

Bhojpur (Bihar): A polling official wasfound dead today on the banks of the Sone river near SandeshBazar in Bhojpur district.The body of Ramakant Singh, an employee of tubewelldepartment at Ara, was r...

Philippines: 5 dead, 15 injured in bus accident

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Philippines: 5 dead, 15 injured in bus accident

Manila, Philippines: At least five people including a 2-year-old boy were killed and 15 others were injured on Wednesday when a passenger bus rammed a stalled truck along the highway in eastern Philip...

China's economy grows at 7.4%, lowest in 18 months

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China's economy grows at 7.4%, lowest in 18 months

Beijing: China's economic growth slowed further to 7.4 percent in the first quarter of 2014, showing signs of waning momentum despite reforms, innovation and restructuring by the Chinese leadership to...