India hits out at China’s objection to Naidu’s trip to Arunachal

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New Delhi, Oct 13 | India hit out at China on Wednesday for questioning the recent visit of Vice President Venkaiah Naidu to Arunachal Pradesh, saying the state is an integral and inalienable part of India.

Naidu visited Arunachal Pradesh on October 9 and addressed a special session of the state assembly.

In Beijing, Chinese Foreign Ministry spokesman Zhao Lijian said China has never recognised the state. “China’s position on the boundary issue is consistent and clear. The Chinese government has never recognised the so-called Arunachal Pradesh established unilaterally and illegally by the Indian side and is firmly opposed to the Indian leader’s visit to the area concerned,” Zhao said.

In response to a media query about Lijian’s comments, India’s Ministry of External Affairs spokesperson Arindam Bagchi said: “We have noted the comments made today by the Chinese official spokesperson. We reject such comments. Arunachal Pradesh is an integral and inalienable part of India.”

He said Indian leaders routinely travel to the state of Arunachal Pradesh as they do to any other state of India. “Objecting to the visit of Indian leaders to a state of India does not stand to reason and understanding of Indian people,” he said.

Talking about the current situation at Line of Actual Control, Bagchi further stated that the current situation along the LAC in the Western Sector of the India-China border areas has been caused by unilateral attempts of Chinese side to alter the status quo in violation of the bilateral agreements.

“Therefore, we expect the Chinese side to work towards early resolution of the remaining issues along the LAC in Eastern Ladakh while fully abiding by bilateral agreements and protocols rather than trying to link unrelated issues,” he said.

India and China have been engaged in border dispute for the last 17 months.

Last week, India and China military talks to end border dispute did not result in resolution of the remaining disputed areas with the Chinese not agreeable to “constructive suggestions” provided by the Indian delegation.

Further, the Chinese also could not provide any forward-looking proposals. “The meeting thus did not result in resolution of the remaining areas,” the Indian Army had said in a statement.

So far, 13 rounds of India-China Corps Commander Level Meeting have taken place since the border dispute.

Source: IANS

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Weekly Fundamental Market Outlook

Weekly Fundamental Market Outlook

Indian share market posted its first weekly gain in Jun by rising 2.7%.

This week, the Indian Stock Market rebounded strongly and ended with first weekly gain of 2.7% in June as a drop in commodity prices offered some relief from broadening inflationary pressures. Copper prices, which are often seen as a bellwether for economic output due to their wide range of industrial and construction uses, are heading for their worst week in a year, while oil prices have dropped over concerns of slumping demand.

While the US recessionary fears are still at the forefront, but the slide in commodity prices has lifted the mood of stock market.Cheaper oil is usually beneficial for oil-importing countries such as India.

Domestically, on sectorial basis, Auto and FMCG are the top gainers, while Metal index is the top losers. On stock basis, Hero MotoCorp, Eicher Motors, Hindustan Unilever, Maruti Suzuki and M&M were the top gainers and Tata steel, UPL, Reliance Industries, hindalco Inds and Coal India were the top losers.

In the next week, investors will keep a close eye on crude oil price movement, commodity prices, US economic activity and the geopolitical development.

 

Post Disclaimer by BhaskarLive.in

The information contained in this post is source form the news agency or PR agency. We do not take any responsibility of accuracy of information. We have not made any modification or changes in original source content. This information only for general information purposes only. The information is provided by BhaskarLive.in and while we Endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the post for any purpose.

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