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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

Malaysia: Political foes unite, denounce 'cruel' MH17 attack

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Malaysia: Political foes unite, denounce 'cruel' MH17 attack

Kuala Lumpur: Malaysia's bitterly divided political forces put aside their differences on Wednesday to denounce the attack on flight MH17 as a heinous international crime and call jointly for swift ju...


S-Korean President Geun-Hye calls Modi, hopes to expand ties

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S-Korean President Geun-Hye calls Modi, hopes to expand ties

New Delhi: Prime Minister Narendra Modi on Wednesday spoke to Korean President Park Geun-Hye, who called and expressed confidence that the Strategic Partnership between India and Korea will expand in ...

Bihar: Maoists blow up rail track, pilot engine of Rajdhani derailed

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Bihar: Maoists blow up rail track, pilot engine of Rajdhani derailed

Aurangabad (Bihar): Maoists blasted a portion of a railway track between Ismailpur and Rafiganj section in Bihar, leading to derailment of a pilot engine running ahead of the Bhubaneshwar-New Delhi Ra...

Russia struggling with half million refugees who fled Ukraine fighting

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Russia struggling with half million refugees who fled Ukraine fighting

Moscow: Russia is struggling with a flood of refugees who already number half a million from the fighting in eastern Ukraine, and many appear increasingly likely to stay, officials and activists said....

Typhoon Matmo batters Taiwan, nine hurt

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Typhoon Matmo batters Taiwan, nine hurt

Taipei: Typhoon Matmo pounded Taiwan with fierce winds and downpours on Wednesday, leaving nine people injured, shuttering financial markets, and interrupting rail and air transportation.Matmo, packin...

Jharkhand: Top Naxal commander killed in encounter

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Jharkhand: Top Naxal commander killed in encounter

Ranchi, Jharkhand: In a pre-dawn operation, security forces today killed a prominent Naxal commander operating in Jharkhand in the forests of Khunti district of the state. According to preliminary inf...

Badaun gangrape: Victim was in touch with accused, claims CBI

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Badaun gangrape: Victim was in touch with accused, claims CBI

The Badaun gangrape case, in which two teen sisters were gangraped and hanged on tree, has a new twist according to the latest CBI investigations.A Hindustan Times report quotes CBI sources as saying ...