The exclusion of Chinese telecom hardware firm Huawei from the list of domestic gear manufacturers by Department of Telecom is a difficult decision. In the telecom department’s list, Huawei’s rivals like Nokia Siemens and Ericson are included. Huawei is the biggest firm in the sector and it has already provided key machines to Indian telecom companies. It is the second largest telecom hardware company in the world and it is expected to edge out Ericson to get the first position this year. The company was established in 1987 by a former PLA officer Ren Zhengfei. Because of its military connection in the past, Huawei is facing suspicious eyes in many countries. The US a
India and China
China has reactivated its territorial expansion plans; this time through its e-passport map. From, Japan to India, Asian neighbors of China are concerned about the maps depicted in the new Chinese e-passports. These maps indicate the territory of its neighbors as Chinese territory. Many analysts see that time has reached for small Asian neighbors to face the growing Chinese territorial adventurism as a fearful realty. China is recently inventing new ways to express its expansive territorial ambitions like World War II Germany; and the map issue is the last one among them.
The real winner of the United Nations Human Rights Commission (UNHRC) voting on Sri Lanka’s human right violation is China. The incident has set a platform for the Chinese to occupy a bigger space in South Asia. China has voted against the resolution while India was compelled to support it because of the pressure from DMK. At the UNHRC, politicians from Tamil Nadu have won but, India has lost. In the pre- independence period, there were several such incidents where the foolish local kings acted against the country and thus leading to the gains of the colonial powers. China was awaiting
Economic data from the two fastest growing economies –China and India during the last week is not good for the crisis ridden world economy. In India, the monthly industrial production for December 2011 shows a declining growth trend. On the other, the Chinese trade data for January 2012 has shown both export and import contraction. India’s factory output growth rate of meager 1.8% for December is uncharacteristic to the status of an emerging economy. The figure is more disappointing given that India is a domestic demand driven economy. Domestic production trends rather than trade figures are more important in driving growth rate in the Indian economy. Hence, a low fac
Dictionary on Indian Economy
- Logic of withdrawing Rs 1000 and Rs 500 notes
- Why the GST reform is transformational?
- Raghuram Rajan: The Gladiator returns to Chicago
- Good intention but poor thinking - what troubles demonetization?
- India Black Money Report: CBI underestimates black money at Rs 25 lakh crore
- High interest rate rather than inflation is the macroeconomic problem for India right now
- Japan’s first trade deficit in 30 years is part of the Global Shift
- Arvind Subramanian rocks with 'Chakravyuha' in Economic Survey
- Why we need an emergency monetization plan as well?
- NREGS: give respect to the tax payer’s money