India-China relationship going through 'extremely difficult phase': EAM Jaishankar
Bangkok, Aug 18: External Affairs Minister S Jaishankar said on Thursday that the relationship between India and China is going through an "extremely difficult phase" after what Beijing has done at the border and emphasised that the Asian Century will not happen if the two neighbours could not join hands.
Jaishankar made the remarks while responding to a series of questions after delivering a lecture on 'India's Vision of the Indo-Pacific' at the prestigious Chulalongkorn University here.
Responding to a question, Jaishankar said that the Asian Century will happen when China and India come together but the Asian Century will be difficult to happen if India and China could not come together.
"At the moment (the India-China) relationship is going through an extremely difficult phase after what China did at the border," he said.
Chinese and Indian troops are engaged in a prolonged standoff in Eastern Ladakh. The two sides have so far held 16 rounds of Corps Commander Level talks to resolve the standoff which erupted on May 5, 2020, following a violent clash in the Pangong lake areas.
"I think if India and China have to come together, there are many reasons to do so, not necessarily only Sri Lanka," he said, adding that it is in India and China's own interest to join hands.
"We very much hope that wisdom dawns on the Chinese side," he said while replying to another question from the audience.
Jaishankar said India has done the best of its abilities to assist Sri Lanka. This year alone India has extended USD 3.8 billion of support to Sri Lanka, including line of credits and swap arrangements, he said.
Sri Lanka, a nation of 22 million, is in the midst of an unprecedented economic crisis that has led to severe shortages of fuel and other essentials. The Sri Lankan government is negotiating with the IMF for a bailout package.
"Any help we can give to Sri Lanka at the IMF that we will naturally do," Jaishankar said.
On the issue of Rohingya refugees, he said the issue has been discussed with Bangladesh. "What matters for them is repatriation. We have been supportive of Bangladesh," he said.
Currently, Bangladesh is hosting more than 1 million Rohingya refugees, who fled Myanmar following a military operation against them a few years ago.
Responding to another question, Jaishankar dismissed criticism for importing discounted Russian oil, saying India is not the only oil importing country.
The US and European nations have imposed heavy sanctions on Russia since Moscow sent troops into Ukraine on February 24.
India has raised oil imports from Russia after the Ukraine war despite criticism from the west and continues to engage with Moscow for business.
Jaishankar, who arrived here on Tuesday, co-chaired the 9th India-Thailand Joint Commission Meeting with his Thai counterpart and Deputy Prime Minister Don Pramudwinai on Wednesday during which they discussed advancing bilateral contacts in political, economic, security and defence, connectivity and health domains.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
