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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Maharashtra government considers tweaks to Ladki Bahin scheme amid fiscal strain: Reports
Mumbai: A day after the Mahayuti coalition secured a landslide victory in the Maharashtra Assembly elections, attention has turned to the Ladki Bahin Yojana, a flagship welfare scheme that played a pivotal role in attracting women voters.
The scheme, launched in July 2024, offers ₹1,500 per month to economically disadvantaged women aged 18 to 65. The Mahayuti, in its election manifesto, pledged to increase the amount to ₹2,100 per month, a promise now under scrutiny due to fiscal concerns. With the scheme projected to cost the exchequer ₹33,300 crore from July 2024 to March 2025, bureaucrats are exploring ways to revise its provisions to prevent a financial imbalance.
Finance Minister and NCP leader Ajit Pawar hinted at the challenges, stressing the need for "financial discipline." A senior bureaucrat confirmed that plans are underway to prune the list of beneficiaries, citing the inclusion of ineligible individuals due to incomplete Aadhaar seeding and lack of required ration cards. According to the finance department, nearly one crore women out of the 2.43 crore registered beneficiaries may not qualify for the scheme.
The state’s debt burden is already projected to reach ₹7.82 lakh crore for the fiscal year 2024-25. Officials warn that continuing the scheme in its current form could impact the government’s ability to pay salaries by January. Despite these concerns, the ruling coalition is hesitant to reduce the beneficiary list, likely due to the upcoming civic elections.
Chief Secretary Sujata Saunik is expected to present renegotiation proposals to the new chief minister soon. Meanwhile, Shiv Sena spokesperson Krishna Hegde credited the scheme for increasing the number of women voters and boosting the coalition’s vote share. NCP (SP) leader Sharad Pawar also acknowledged the scheme’s role in mobilising women voters.
Other welfare measures introduced by the government include an electricity bill waiver for farmers and three free LPG cylinders annually for six million households. However, the financial viability of such initiatives remains a pressing concern.
