Beijing, April 14: In the wake of a raging US-China trade war, India on Sunday offered to export soybean and other agriculture products to Beijing, which has slapped retaliatory tariffs on American products.
India also slammed the US for its "protectionist" trade policies, saying the "unseemly" practice has hurt the world's economic recovery.
At the 5th India-China Strategic Economic Dialogue in Beijing, Niti Aayog Vice Chairman Rajeev Kumar said that Beijing and New Delhi were unruffled by the "protectionist noises" and could well be the important anchor for the world economy.
"We have noticed that you import a lot of agricultural products probably to the tune of $20 billion or more," Kumar said.
"And I was noticing that there were some tariffs that were issued on farmers from Iowa and Ohio etc. Maybe India can substitute for something like soybeans and sugar if we could have access to those exports with all the due quality considerations for that you might have on our farmers. That might be very useful," Kumar said referring to the US-China trade war.
China and the US -- the world's two largest economies -- are locked in an ugly trade spat with both sides hitting back at each other by imposing slapping economic tariffs.
In the first week of April, the US announced tariffs worth $50 billion on Chinese products which, it said, was the result of Beijing forcing the American companies to transfer their technology to China's firms.
Beijing was quick to fire back by imposing taxes on 106 US products.
The wrangling has worried the world, which is witnessing a sluggish economic growth.
In March, US President Donald Trump had threatened India with retaliatory tariffs if New Delhi did not lower taxes on American products.
"There is for the first time a cyclical and synchronized recovery in the world economy happening after a very long time. But this is actually marred and disrupted by some unseemly protectionist noises that are coming out of the Atlantic basin, North America, and Europe," Kumar said in an oblique reference to China.
"But thankfully the emerging economies of Asia have seemed to ignore these protectionist noises and have continued to grow at a very high rate of speed with China growing at 6.8 and India growing 7-7.2 per cent," Kumar added.
The dialogue was attended by the delegation of China's National Development Reforms Commission.
Kumar said that India and China need to work for a better economic climate for our investors and entrepreneurs.
"We both have to do ease of doing business so that our procedures, red tape, and non-tariff barriers get sorted out so that investors from both the countries in their respective fields get the investment opportunities."
"We have liberalized as you know all the business visa regimes for the Chinese investors to come. We now give them multiple three-month visas. If you could make this possible for our investors, it will really help in taking this investment forward from Indian investors who are very keen to come to China."
"Dangal has been a great success in China and if that is so we would like to expose the Chinese population to some more Indian movies. So if there can be liberalization of entertainment and if you can expand working groups from current five to two more: one on culture which includes entertainment; the other one could be one on pharmaceuticals because we import a lot of your pharmaceuticals APIs."
"The time has come for those APIs to be used in some formulation that could be re-exported to China with all the FDA regulations of China and our highest quality."
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Ahmedabad, July 14 (PTI): The Gujarat High Court on Monday directed a man, facing contempt of court for attending a virtual court hearing while relieving himself on a toilet seat, to deposit Rs 1 lakh with the court's registry after observing that he was ready to tender an unconditional apology.
The incident occurred on June 20 when Justice Nirzar S Desai was hearing a case. A video of the man soon went viral, prompting the high court to initiate suo motu contempt proceedings.
On Monday, the division bench of Justices AS Supehia and RT Vachhani directed the man, identified as Samad Abdul Rehman Shah, to deposit Rs 1 lakh in the court registry by July 22, the next date of the hearing.
"The contemnor has admitted to his conduct during the live-streaming proceedings and submitted that he was ready to tender an unconditional apology. Thus, at this stage, we direct the contemnor to deposit the amount of Rs 1 lakh before the registry of this court by the next date of hearing," the court ordered.
According to the report submitted to the court, Shah attended the hearing on June 20 for a total of 74 minutes, during which he was seen sitting on a toilet and relieving himself.
Shah's lawyer told the court that his client would tender an unconditional apology for his behaviour.
When questioned, the lawyer confirmed he had advised Shah to present himself appropriately for the hearing.
The now-infamous video showed Shah using a toilet during the proceedings, sparking outrage and leading the court to order the video’s immediate removal and ban, citing damage to the judiciary’s image.
Since the COVID-19 pandemic, the Gujarat High Court has permitted lawyers and litigants to join hearings virtually. Proceedings are live-streamed via the court's YouTube channel.
After finishing his business, Shah was seen picking up his phone and leaving. Justice Desai appeared unaware of his surroundings at the time.
Wearing wireless earphones, he can be seen logging in again later in the livestream, sitting in a room and waiting for his turn.
After nearly 10 minutes, he identified himself as Abdul Samad Shah, a resident of Kim village in Surat and the complainant in an assault case.
His lawyers told the court that Shah had lodged a complaint against two individuals but that a compromise had been reached between both parties.
While hearing the petition filed by the accused seeking to quash the FIR, Justice Desai asked Shah if he consented to the plea. Upon hearing Shah’s no-objection, the judge approved the petition.