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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

WTO rules against US duties on Indian steel products

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WTO rules against US duties on Indian steel products

New Delhi: The dispute settlement panel of the WTO has ruled in India's favour against the USA's imposition of higher duties on New Delhi's steel imports, Parliament was informed today."In one of...


Govt hints at delay in bringing judicial accountability bill

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Govt hints at delay in bringing judicial accountability bill

New Delhi: A proposal which seeks to change the present system of investigating complaints of misbehaviour and incapacity against judges of the Supreme Court and high courts requires "further con...

Private corporates owe IAF over Rs 26 lakh: Jaitley

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Private corporates owe IAF over Rs 26 lakh: Jaitley

New Delhi: The Indian Air Force has to recover dues amounting to over Rs 26 lakh from private sector corporates for offering its flights to them for various purposes, Lok Sabha was informed today.&quo...

Closely monitoring price situation, taking steps controlling inflation: Sitharaman

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Closely monitoring price situation, taking steps controlling inflation: Sitharaman

New Delhi: Government today said it is "closely monitoring" the prevailing price situation in the country and taking steps to bring down inflation. Food inflation, Minister of State for Fina...

Pune landslide: Death toll rises to 63, Maha CM announces aid of Rs 5 lakh

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Pune landslide: Death toll rises to 63, Maha CM announces aid of Rs 5 lakh

Pune: The death toll in the Malin village landslide on Friday climbed to 63 even as NDRF personnel braved hostile weather and difficult terrain for the third day to look for signs of life under the hu...

Modi's WTO stand is a far cry from UPA's weak multilateral trade policies

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Modi's WTO stand is a far cry from UPA's weak multilateral trade policies

Narendra Modi governments continued stand at the WTO that Indias food security is as important as the Western nations desperate desire to get the Trade Facilitation Protocol passed is an emphatic depa...

Lessons need to be learnt from Pune landslide for corrective action: Rajnath

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Lessons need to be learnt from Pune landslide for corrective action: Rajnath

New Delhi: Promising all help for rescue and relief work at the landslide-hit Pune village, the Centre on Friday said lessons need to be drawn from the calamity for corrective action.A scientific stud...