India's external intelligence agency Research & Analysis Wing (R&AW), also known as the Special Bureau, has recently raised an alarm by sharing critical intelligence regarding Chinese operations in India. This was further corroborated by the Foreigner Regional Registration Office (FRRO) during a security review meeting. The FPJ has successfully accessed the minutes of the meeting, which contained details of the Chinese operation.
Courtesy: The Free Press Journal
Chinese Ambassador to India Sun Weidong described US House Speaker Nancy Pelosi's travel to Taiwan as a risky political provocation. He urged US to refrain from interfering in Taiwanese and Chinese domestic matters. Weidong stated Pelosi's visit gave incorrect signal to separatist groups. He said, “It is only natural that China makes a firm response. We are safeguarding our own sovereignty and territorial integrity which is lawful, legitimate… read-more
Courtesy: India Today
The argument about the security danger posed by Chinese technology heated up once more. One hazard to the West is the use of microscopic components manufactured by Chinese businesses in devices linked by Internet of Things (IoT). IoT devices are useful in everyday life, but they also serve as data collectors that a hostile state, such as China, might use to influence, pressure, or threaten an enemy, enterprise, or individual.
Finance Ministry reported on July 13 that Directorate of Revenue intelligence personnel had discovered Rs 4,389 crore in duty fraud by Chinese smartphone manufacturer Oppo through incorrect import declarations. The DRI conducted searches at Oppo India's workplace and key management workers' homes, resulting in the seizure of damning evidence proving deliberate misdeclaration in the description of certain materials imported by Oppo India. The… read-more
Courtesy: Free Press Journal
The Border Security Forces (BSF) intercepted a China-made Pakistani drone in the Ferozepur sector of Punjab on December 18. Flying at a distance of 300 meters from the border, the Paramilitary troop posted at BOP Wan, Ex-103 Bn, Amarkot, shot it down. "Once again anti-national element activity was foiled," said the paramilitary troop. They also launched a search operation near the area, which is going on currently.
In a terrifying incident in UP's Meerut, a 24-year-old youth Ajay died after his throat was slit by the Chinese string on September 23. Reportedly, Ajay was a resident of Rasulpur village and had a pharmaceutical business. While returning his village from Meerut on a motorbike the sting cut his throat, resulting in severe blood loss. However, locals rushed him to a hospital but he succumbed to his injures.
Courtesy: Times Now News
Due to repeated violations of Amazon's Community policies, around 600 Chinese brands have been removed and banned from its platform. It was stated that the ban against the Chinese brands was not a campaign against China but to prove to companies that Amazon promotes healthy and fair competition. Chinese companies are now venturing into other E-Commerce companies like eBay and Ali Express.
Courtesy: The Times Of India
Despite Wall Street's record-breaking day, Asia's stocks fell on August 26. Stock prices in Malaysia and Thailand were up, while those in Indonesia and Japan were down, remained uniform in Singapore. Shanghai-Composite-Index declined 0.5% at 3,521.76. An increasing number of economists have expressed concern over rising Covid-19 cases and are betting that Fed officials will remain in a "wait and see" mode when it comes to inflation.
Courtesy: Deccan Herald
Two minors were killed and three persons sustained injuries, including a Chinese citizen following a suicide bombing attack in Pakistan's Balochistan province near CPEC on August 20. Reportedly, the bomber targeted a vehicle full of Chinese nationals while children were playing near the vehicle. The injured have been hospitalized in Gwadar and an investigation is underway. However, no one claimed the responsibility for the attack.
Courtesy: The Print
The Indian tech start-ups are avoiding Chinese investors as Indian investors along with other foreign firms lend a helping hand to fund the homegrown firms. Reportedly, in Q1 of 2021 investors have funded around $11 billion into the Indian tech start-ups, in more than 600 deals. In terms of investing top dollars, the US-based investment firm Tiger Global is leading the show. Currently, India has more than 52 unicorns.
Courtesy: Business Standard