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India and China’s border dispute turned deadly for the first time in more than four decades amid Covid-19 pandemic.
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India wages an economic war on China, with bans on almost everything from popular mobile apps to tenders on public projects.
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The China-backed Asian Infrastructure Investment Bank (AIIB) functions as an “apolitical” institution and continues to health infrastructuresupport projects in India.
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The competition between US and Chinese tech giants for the Indian market grows intensely, with access to a market of 1.4bn people spurring multibillion-dollar bets.
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The BCCI has retained VIVO as its sponsors for IPL 2020 season despite the ‘Boycott China’ mood across India.
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#ChinesePremierLeague started to trend on social media as the BCCI retained Chinese mobile company VIVO as their sponsor.
The BCCI holds VIVO as its sponsors for IPL 2020 season despite the ‘Boycott China’ mood across India.
#ChinesePremierLeague trends on Twitter after BCCI retains VIVO as the title sponsors for IPL 2020.
The Indian board has been criticised by many for not cutting off ties with VIVO and other Chinese sponsors. The sentiments on social media have been so heavy that #ChinesePremierLeague has started to trend on social media.People were disappointed by the fact that the governing body of the most popular sport in the country was playing with the sentiments of the people. They made sure that the message reached loud and clear and thus tweets came in frenzy.
India and China’s border dispute turned deadly for the first time in more than four decades amid Covid-19 pandemic.
The first official acknowledgment of tensions on the border came on May 10, when the Army issued a statement about clashes between Indian and Chinese patrols at two places. In Naku La in Sikkim, on May 9, a Chinese patrol on the Indian side of the LAC was confronted by an Indian patrol which led to a clash.
Frictions between the two nations have cooled somewhat since the deadly clash in previous months, with both sides having agreed to withdraw troops, although
India and China have since blocked apps from the other country over privacy and national security concerns.
India wages economic war on China, with bans on almost everything from popular mobile apps to tenders on public projects.
ByteDance’s TikTok, Tencent’s WeChat, Alibaba’s browser and Baidu map were among 59 Chinese apps banned by the Indian government in late June.
Ravi Shankar Prasad, India’s information technology minister, called it “a digital strike” at a recent political rally.
Another 47 apps that are clones of those already banned were blocked in late July amid reports that over 250 more were on the chopping block, including multiplayer battle royale game PUBG Mobile and video-sharing app Zili from smartphone maker Xiaomi.
That same day, the government announced restrictions on national security grounds on bidders from China and other countries bordering India for public projects.
“This is an economic attack — they are simply doing unfair trade,” top official said. He also said Chinese companies should be excluded from Indian infrastructure projects to prevent them acquiring sensitive data in key locations. They believe that shunning Chinese products would make India more “Aatma-Nirbhar”, a Hindi term for self-reliance popularized by Hon’ Prime Minister Modi.
The China-backed Asian Infrastructure Investment Bank (AIIB) functions as an “apolitical” institution and continues to health infrastructure support projects in India.
However, few days ago, the China-backed Asian Infrastructure Investment Bank (AIIB) was in discussion with the Indian government for financing a $8-billion scheme for improving health infrastructure at the district level to make the country better prepared for the future healthcare challenges.
The Beijing-based multilateral funding agency AIIB had earlier approved a financial assistance of $1.2 billion for India to fight the Covid-19 pandemic.
India is a founding member of the multilateral funding agency with the second highest voting share. Currently, India
“The Asian Infrastructure Investment Bank is an apolitical institution, the management will look at the proposed projects from the economic and financial point of view [rather than a political view,” said former Chinese deputy finance minister Jin on Tuesday after talks on investing in India’s Medical ecosystem.
India needs to seal the loopholes in restrictions against Chinese firms.
Considering decades of relations with China it is not possible to wade it off in a couple of months. But formation of new ties and agreements must be questioned and enquired about after complete fact checking and allocation of adequate information on ant topic.
On July 23, the Government of India amended the General Financial Rules, 2017 and issued a memorandum which, with immediate effect, restricted, among others, Chinese companies or any company whose ‘beneficial owner’ is situated in a country which ‘shares a land border with India’, or is a neighbouring country, from participating in a government procurement process (GPP) involving instrumentalities of the government.
However, there is a need to seal the loopholes in restrictions against Chinese firms.
For instance, the senior managing official of an Indian bidder may not be located in China. However, a senior managing official of the Dubai-based holding company of the bidder could be located in China. In such a case, the bidder will be able to avoid the registration requirement. This interpretation defeats the purpose of the memorandum.
IPL 2020: Vivo pulls out as title sponsor but only after Public outrage.
As we report this issue, Vivo has pulled out as the title sponsor of the Indian Premier League 2020 edition, confirmed Indian media.
On Monday, the aforementioned franchise took it upon itself to inform the others of Vivo’s impending exit given the hostility towards Chinese brands that has been around post the border skirmish between the two countries some time ago.
“Even if the Board can get a replacement at 50% of the value, it’ll be an achievement. Anything more than that will actually be a shot in the arm. Let’s hope things settle amicably. The IPL has been planned and everything’s set,” industry stakeholders were quoted as saying by the newspaper- The Times of India.
With Vivo’s exit from IPL, China’s exit from India can also be achieved to some extent in order to make India self-reliant. The main concerns lie in the hypocrisy of the Boycott China campaign. Appears like China is trying it’s best to retain its businesses in India and win the Cold Financial war. The competition between US and Chinese tech giants for the Indian market grows intensely, with access to a market of 1.4bn people spurring multibillion-dollar bets.