-The Hindu The reported contraction of the economy is likely an underestimate for reasons of omission and commission According to data released by the Ministry of Statistics and Programme Implementation of the Government of India on August 31, 2020, real quarterly GDP contracted by a whopping 23.9% between April-June 2019 and April-June 2020. This magnitude of real GDP decline is unprecedented since the country started publishing quarterly GDP estimates in 1996. This...

-The Telegraph Modi govt formally confirms that India took two loans totalling Rs 9,202 crore from a Beijing-based multilateral development bank in the thick of the border standoff June 15: Chinese troops kill 20 Indian soldiers in the Galwan Valley. June 19: India signs a loan agreement with the Asian Infrastructure Investment Bank (AIIB) for $750 million (Rs 5,521 crore) to support measures undertaken under the Pradhan Mantri Garib Kalyan Yojana (PMGKY). China...

-Hindustan Times While the Centre has been arguing for a two-lane highway with seven-metre carriageways, some HPC members contended that such a broad width would be dangerous for the fragile Himalayan ecology because it is highly susceptible to landslides A Supreme Court (SC) bench on Tuesday heard Ravi Chopra, the chairman of the high-powered committee (HPC), which is reviewing the Char Dham highway project in Uttarakhand, and accepted the final report submitted...

-The Hindu Devising State-specific industrialisation strategies in coordination with the Centre will improve manufacturing Many think that in the aftermath of the pandemic, several manufacturing companies operating from China will relocate their businesses to other destinations, including India. Many American, Japanese, and South Korean companies based in China have initiated discussions with the Indian government to relocate their plants to India. Companies are expected to exit China due to three primary reasons....

-The Telegraph Move comes amid the standoff between New Delhi and Beijing in Ladakh and Modi govt tightening its rules on FDI from the country Mumbai: The People's Bank of China (PBOC) — the Chinese central bank — is using the portfolio route to pick up stakes in Indian companies amid the standoff between New Delhi and Beijing in Ladakh and the Modi government tightening its rules on foreign direct investment (FDI)...