- Online generatjion and recording of APAR on SPARROW for IIS for the year 2017-2018
- grant of financial up-gradation under MACPS to Senior Grade of IIS Group 'B'officers
- A total of 5427 Missing Children, tracked and recovered through Khoya-Paya citizen corner of Track child since inception: DR. VIRENDRA KUMAR
- 195 One Stop Centres are functional in the country to support women-affected by violence
- The WCD Ministry has requested Ministry of Finance for amendment to section 64 of the Income Tax Act,1961: WCD Minister
- Engineering Services (MAIN) Examination, 2018
- Environment & Skill Development Ministries Sign MoU to train one lakh RAC Service Technicians
- Govt launches Swachh Bharat Summer Internship for the students to promote Swachhta related activities
- Government increases funding for improving quality of Higher Education
- Corporate Social Responsibility is good for Business: Suresh Prabhu
- Government strictly complies with the rules of CEI Act, 2006 which provides reservation for SC, ST & OBC students
- 150 Universities have been included in UGC list during the last three years
- Badminton World Championships: PV Sindhu, Saina Nehwal enter quarterfinals
- Govt approves e-auction of 683 private FM radio channels covering 236 cities
- Assam TMC chief resigns over Mamata Banerjeeâs opposition to NRC
- Constitution (123rd amendment) Bill passed in Lok Sabha
- Govt wants to pass amendment bill to restore original provisions of SC/ST Act: Rajnath
- Assam: Nearly 60 thousand people reel under the fury of floods in 5 districts
- BJP issues three-line whip to its Lok Sabha MPs asking them to be present in House
- SC takes cognizance of alleged sexual abuse of minor girls at shelter home in Bihar's Muzaffarpur district
- US Congress passes bill to slash Pak's defence aid to USD 150 million
- There is a need to expand footwear industry to make India a manufacturing hub: Suresh Prabhu
- NRC issue disrupts Upper House
- Govt pledges to pass new SC/ST prevention of atrocities amendment Bill in Monsoon session
- Saina Nehwal enters QFs of World Championships in China
- EAM Sushma Swaraj on 3-nation tour to Kazakhstan, Kyrgyzstan & Uzbekistan
- Rajya Sabha adjourned over Assam's NRC
- Lok Sabha passes OBC Commission Bill
- Two terrorists killed in encounter in J&K
- PHDCCI and CNI sign MoU to set up Indo-Nepal Centre
- Don't publicize photos/ videos of minor rape victims: SC
- Faster, coloured 3D printing method developed: Study
- The Ambassador of Italy to India, Mr. Lorenzo Angeloni calling on the Minister of State, Col. Rajyavardhan Singh Rathore
- The Minister of State, Col. Rajyavardhan Singh Rathore addressing at the Opening Ceremony of ASEAN India Film Festival 2018
- The Minister of State, Col. Rajyavardhan Singh Rathore addressing at the opening ceremony of the European Union Film Festival 2018
- Corrigendum to the Press Release "Shri Piyush Goyal Approves a New Promotion Policy for Railway Sportspersons" dated 02nd August, 2018
- Compensation to Farmers for losses due to natural calamities
- Pradhan Mantri Ujjwala Yojana achieves 5 core mark
- Implementation of PMFBY
- Implementation of E-Pashudhan Haat Scheme
- Decline in number of beneficiaries under PMFBY
- MSP for Kharif Crops
- Sustainable Use of Water Need of the Hour- Suresh Prabhu
- Mitigating peopleâs grief is the primary duty of a Legislator: Vice President
- More than 10,000 nominations received for Padma Awards â" 2019, process open till 15th September
- Prevention of Atrocities against SC/STs amendment Bill tabled in Lok Sabha
- No scope for any discrimination in Assam NRC: HM Rajnath Singh
- EAM Sushma Swaraj reaches Kyrgyzstan as part of her 3-central asian nations' tour
- Niti Aayog may test-drive plan to run petrol cars on 15% methanol - Economic Times
- MEA clarifies on police clearance certificate issued to Choksi (Lead, Correcting intro)
- Bad weather prevents airdrop of essentials in Nagaland
- India's Forex reserves deplete by over $950 million
- Man dies after falling on Delhi Metro track (Lead)
- Jeff Bezos, style icon
- Tata may have to pay Rs 90 bn to govt for selling mobile business to Airtel
- Cognizant to trim senior level executives to make space for juniors to grow
- UIDAI number popped up in your contacts? Google owns up to putting it there
- Uttarakhand HC Chief Justice K M Joseph appointed Supreme Court judge
- SAT allows Nirmal Kotecha to sell shares of firm in Pyramid Saimira matter
- Three terrorists killed in two encounters in J&K; soldier dies in gunbattle
- Telangana CM to meet Modi on Saturday; discuss zonal system, division of HC
- India is not 'Dharmashala': Raman Singh on NRC row
- Chhattisgarh Chief Minister Raman Singh today said that the issue of National Register of Citizens (NRC) for Assam should not be hyped up as India was not a "dharamshala" (guest house) where foreigners would keep on infiltrating.
- Delhi police launches 13 digital malkhanas
- Delhi Police South East district today digitised all the 'Malkhanas' across its 13 police stations.
- If Aadhaar helpline no stored automatically, delete it: Maha
- The Cyber Security Cell of Maharashtra police issued an advisory late this evening, saying that if any number in the name of UIDAI has been automatically added to the mobile phone contacts, it should be deleted.
- US issues notification for India's inclusion in STA-1 category
- The US today issued federal notification designating India as a Strategic Trade Authorization-1 (STA-1) country, paving the way for high-technology product sales to New Delhi.
- phone, mobile, message
- Tata teleservices
- Raj Mehta, President, Cognizant
- South Africa vacation proves instructive for kids, delightful for all
- Holidays and hotels
- Travails of people bent on resisting Aadhaar till Supreme Court mandates it
- The semantics of starvation
- FPIs turn net sellers
- Board of KD Leisures considers proposal for scheme of amalgamation
- IndusInd Bank allots 1 lakh equity shares
- Time Technoplast standalone net profit rises 34.51% in the June 2018 quarter
- MOIL standalone net profit rises 16.07% in the June 2018 quarter
- Thirdwave Financial Intermediaries reports standalone net loss of Rs 0.07 crore in the June 2018 quarter
- Shantai Industries reports standalone net loss of Rs 0.09 crore in the June 2018 quarter
- Mold-Tek Technologies standalone net profit rises 61.22% in the June 2018 quarter
- Ramco Industries standalone net profit rises 37.32% in the June 2018 quarter
- Precot Meridian standalone net profit declines 95.86% in the June 2018 quarter
- JK Lakshmi Cement standalone net profit declines 51.41% in the June 2018 quarter
- Manpasand Beverages standalone net profit rises 1.31% in the June 2018 quarter
- Mold-Tek Packaging standalone net profit rises 12.05% in the June 2018 quarter
- PPAP Automotive standalone net profit rises 49.24% in the June 2018 quarter
- Transport Corporation of India standalone net profit rises 60.05% in the June 2018 quarter
- Summit Securities reports standalone net loss of Rs 0.31 crore in the June 2018 quarter
- Marico standalone net profit rises 8.53% in the June 2018 quarter
- Geojit Financial Services standalone net profit declines 45.11% in the June 2018 quarter
- Punjab Communications standalone net profit declines 90.75% in the June 2018 quarter
- Modern Shares & Stockbrokers standalone net profit rises 200.00% in the June 2018 quarter
- U P Hotels reports standalone net loss of Rs 1.15 crore in the June 2018 quarter
- Pentokey Organy (India) standalone net profit rises 190.63% in the June 2018 quarter
- Visaka Industries standalone net profit rises 32.14% in the June 2018 quarter
- PCS Technology reports standalone net loss of Rs 0.42 crore in the June 2018 quarter
- Shanthi Gears standalone net profit rises 67.98% in the June 2018 quarter
- Amrit Corp standalone net profit declines 30.14% in the June 2018 quarter
- Shakti Pumps (India) consolidated net profit rises 32.80% in the June 2018 quarter
- Time Technoplast consolidated net profit rises 19.25% in the June 2018 quarter
- Mold-Tek Technologies consolidated net profit rises 60.00% in the June 2018 quarter
- Rane Holdings consolidated net profit declines 9.25% in the June 2018 quarter
- Narayana Hrudayalaya standalone net profit declines 97.21% in the June 2018 quarter
- HPL Electric & Power standalone net profit rises 10.49% in the June 2018 quarter
- Indiabulls Housing Finance standalone net profit rises 29.06% in the June 2018 quarter
- POCL Enterprises reports standalone net loss of Rs 0.55 crore in the June 2018 quarter
- Indian Overseas Bank, Allahabad Bank plan to exit Universal Sompo
- Amrapali projects: NBCC has a month to check feasibility, quality of towers
- Vodafone-Idea Cellular technology integration may take at least 4 years
- SC to hear Tata Steel plea against rebids for Bhushan Power on August 10
- OnePlus powers its way into No.1 slot in premium smartphone market
- Financial turbulence: At Jet Airways, history repeats itself 5 years later
- Artisanal ghee is surprising new health-food trend across North America
- Geckos Can Regenerate Parts of Their Brain, Which Could Help Us Heal Our Own
- 23andMe is Teaming Up With A Pharma Company. You Shouldn't Be Surprised.
- Cryptomining Malware Is Infecting Corporate Networks Worldwide
- 23andMe is Teaming Up With A Pharma Company. You Shouldn’t Be Surprised.
- This Week in Tech: July 28 â" Aug 3, 2018
- The Digest: A New Cloaking Approach Could Potentially Make Objects Invisible From Every Direction
- This Startup Is Trying To Fix Journalism By Putting It On the Blockchain
- This Week in Science: July 28 â" Aug 3, 2018
- AI Robot Hands, Tesla Surfboards, Cryptojacking, and More
- One-On-One With Myna Mahila's Suhani Jalota
- Huawei's Consumer Business Chief Talks Market Share, Kirin 980, And Mate 20
- Forbes Under 30 Summit Asia: The Startups On Show At This Year's Summit
- This Entrepreneur Quit Her Job To Connect Casual Workers With SMEs In Kuala Lumpur
- Advertise
- Reprints
- Media Centre
- Terms of Use
- Privacy
- Cookie Policy
- Manage Cookies
- Accessibility
- Modern Slavery Statement
- Help
- India's foreign exchange (Forex) reserves plunged by $950.9 million during the week ended July 27, official data showed on Friday.
- Indias Forex reserves deplete by over $950 million
- (13 minutes ago)
- Indias foreign exchange (Forex) reserves plunged by $950.9 million during the week ended July 27, official data showed on Friday.
- Man jumps on Blue Line metro track, causes jam
- Two Indian Air Force Mi-17 choppers on Friday were ready to airdrop essential commodities in the landslide-affected districts of Nagaland but could not due to inclement weather, an Air Force official said.
- The Ministry of External Affairs (MEA) on Friday said the police clearance certificate (PCC) issued to Mehul Choksi -- wanted in the Rs 13,500-crore Punjab National Bank fraud and who has now taken citizenship in Antigua -- by the Regional Passport Office, Mumbai, "was as per extant instructions".
- DMRC launches E-rickshaw service for Dwarka stations
- The Delhi Metro on Friday launched the E-rickshaw service for its stations in Dwarka to provide last mile connectivity to the commuters.
- Live-streaming to include hearings on socially important issues: SC
- The Supreme Court on Friday said that the proposed live- streaming of its proceedings will include, besides important matters before constitution bench, socially important issues requiring interpretation of legal provisions.
- Gaurav, Amittrajit favourites at INRC Round 2
- Sindhu in semis; Saina, Praneeth, Ashwini-Satwik exit Badminton Worlds (Lead)
- Terms & Conditions
- Virat Kohli stands between victory and defeat in first Test
- Google admits putting old UIDAI helpline number on phones
- Piyush Goyal to chair 29th GST council meet tomorrow
- How did the UIDAI number enter your phone? It was Google
- Tata has a plan to calm JLR's 'perfect storm
- Behind China's plan to build new world order
- Core biometrics under Aadhaar safe: Prasad
- Kohli stands between victory and defeat in first Test
- Monsoon to be normal in August-September: IMD
- Sebi discontinues sub-broker category
- Forex kitty contracts $20 billion in April-July
- Why sharia courts have no place in civilised nations
- Jet Airways confident in prospects despite reports cash running out
- Big win for BJP in Sangli, Jalgaon civic polls in Maharashtra
- Nation becoming intolerant, says Kamal Haasan
- Plagiarism: Teachers to lose jobs, students their registrations, say new HRD norms
- Tata will be investing Rs 1.2 lakh crore in JLR for the coming 3 to 5 years to be part of this disruptive change.
- My Gold Guide
- Sterling Holidays
- Air India moots meal in box proposal on short-haul routes
- Wall Street flat as tepid jobs data, trade fears weigh
- Rs 2919 crore approved for safety-related projects in 8 cities, Lok Sabha told
- Heineken takes $3.1 billion stake in China's top brewer
- UIDAI row: Google says it "inadvertently" coded the number
- 2019 Lok Sabha polls; Congress begins constituency wise discussions
- Science-News-The Economic Times
- England 2nd innings fold for 180, India need 194 runs to win 1st Test
- Vinod Rai has been complete failure in implementing Lodha reforms: Amitabh Choudhary
- Social media platforms closed almost 700 URLs: Prasad
- Cheryl Fillekes alleged Googleâs hiring process -- even if it appeared neutral - -resulted in a âpractice and patternâ of discrimination against older applicants.
No meandering permitted in Manafort trial judge's courtroom WASHINGTON (AP) â" "I'm not in the theater business," Judge T.S. Ellis asserted during jury-selection discussions in Paul Manafort's financial fraud trial. "You have to be better-looking for that." Objection, Your Honor. Sunita Williams among 9 astronauts to fly into space from US soil Washington, Aug 3 (IANS) Indian-origin astronaut Sunita Williams is among the nine astronauts named by NASA on Friday for its first human spaceflight programme from the US soil since the retirement of the space shuttle in 2011. How did the UIDAI number enter your phone? It was GoogleGoogle apologised for the same and said the numbers can be manually deleted from the phones. Tata has a plan to calm JLR's 'perfect storm'Tata will be investing Rs 1.2 lakh crore in JLR for the coming 3 to 5 years to be part of this disruptive change. Behind China's plan to build new world orderIf Xi's ambitions become a reality, Beijing will cement its position at the center of a new world economic order. Behind China's plan to build new world order By Adam Majendie, Sheridan Prasso, Kevin Hamlin, Miao Han, Iain Marlow, Sheridan Prasso, Faseeh Mangi Chris Kay and Marcus BensassonChina is building a very 21st century empireâ"one where trade and debt lead the way, not armadas and boots on the ground. If President Xi Jinpingâs ambitions become a reality, Beijing will cement its position at the center of a new world economic order spanning more than half the globe. Already, China has extended its influence far beyond that of the Tang Dynastyâs golden age more than a millennium ago.The most tangible manifestation of Xiâs designs is the new Silk Road he first proposed in 2013. The enterprise morphed into the âBelt and Roadâ initiative, a mix of foreign policy, economic strategy, and charm offensive that, nurtured by a torrent of Chinese money, is rebalancing global political and economic alliances.Xi calls the grand initiative âa road for peace.â Other world powers such as Japan and the U.S. remain skeptical about its stated aims and even more worried about unspoken ones, especially those hinting at military expansion. To assess the reality of Belt and Road from the ground up, Bloomberg Markets deployed a team of reporters to five cities on three continents at the forefront of Chinaâs grand plan.What emerges is a picture of mostly poor nationsâ"laggards during the past half-century of global growthâ"that jumped at the promise of Chinese-financed projects they hoped would help them catch up. And yet as some high-profile ones falter and the cost of their Chinese funding rises, would-be beneficiaries from Hambantota, Sri Lanka, to Piraeus, Greece, are questioning the long-term price. In Malaysia, one of the biggest recipients of Chinese investment in Southeast Asia, newly installed Prime Minister Mahathir Mohamad is pushing back. Expressing concerns about loan conditions and the use of Chinese labor that limit benefits to the local economy, heâs put billions of dollars of Chinese-Âfunded rail and pipeline projects on hold.Xi intends a century-long enterprise. China has already outspent the post-World War II U.S. Marshall Plan, measured in todayâs dollars. Within a decade, according to Morgan Stanley estimates, China and its local partners will spend as much as $1.3 trillion on railways, roads, ports, and power grids. âEconomic clout is diplomacy by other means,â says Nadège Rolland, Washington-based senior fellow for political and security affairs at the National Bureau of Asian Research. âItâs not for today. Itâs for mid-21st century China.âBelt and Road is very much about politics at home, too. With the government and state-owned enterprises investing vast sums outside China, Xi is encouraging Chinese companies to channel their spending into domestic projects that will directly benefit the economy and, incidentally, the popularity of his regime.Businesses arenât exactly defying Xi, but theyâve adjusted their plans to fit his. With the Belt and Road project enshrined in the Communist Partyâs constitution as of last year, Chinese companies are using it to help them navigate Xiâs restrictions on foreign investment and capital outflows. Many are sheltering their overseas projects under the umbrella of Xiâs pet project to get the stateâs blessing. Belt and Road, says Michael Every, head of financial markets research for Rabobank Group in Hong Kong, is âa political special sauce. ... If you drizzle it on anything, it tastes better.âAt first, the sauce whetted the appetites of many developing countries in Asia and Africa. As the notion of a modern Silk Road gained traction, Belt and Road meandered into places that had never had any connection with ancient caravans. This year it reached South America, the Caribbean, and even the Arctic. In June it rocketed into space: Beijing announced that Belt and Road-participating countries will be among the first in line to plug into Chinaâs new satellite-navigation services.Most of the proposed plans are infrastructure-based, such as a new deep-sea port in Myanmar and power lines in the ÂMaldives. But almost any overseas investment gets tagged as being part of the initiative: a freight train carrying Chinese sunflower seeds to Tehran, a new courthouse in Papua New Guinea, an irrigation system in the Philippines.âEconomic clout is diplomacy by other means. Itâs not for today. Itâs for mid-21st century ChinaâThe growing web of trade routes, including the Silk Road Economic Belt and the Maritime Silk Road Initiative, now extends into at least 76 countries, mostly developing nations in Asia, Africa, and Latin America, together with a handful of countries on the eastern edge of Europe. With most global trade moving by sea, itâs no surprise that many of the first places to lock up major Chinese investments were ports along with pipelines and other transport links that connect shipping to markets.Chinaâs plans to build or rebuild dozens of seaports, especially around the Indian Ocean, have sounded alarm bells in Washington and New Delhi: How many of those docks will end up hosting Chinese warships? Just as mighty navies and global networks of military bases helped support trading empires for Britain in the 19th century and the U.S. in the 20th century, so China is building a fleet of submarines, aircraft carriers, and warships that will rival U.S. power.China has said it has no intention of using Belt and Road to exert undue political or military influence and that the initiative is designed only to enhance economic and cultural understanding between nations. âIn pursuing the Belt and Road initiative,â Xi said in 2015, âwe should focus on the fundamental issue of development, release the growth potential of various countries, and achieve economic integration.âIf thatâs the case, Xi will need to change the perceptions of people who live along the length and breadth of his latter-day Silk Road. And that can only happen in the towns and cities that are being transformed by Chinaâs empire of money. Yiwu, ChinaNestled in the mountains of Zhejiang province, Yiwu is the embodiment of âMade in China.â The market here is unlike any other. A vast complex of five-story buildings houses 75,000 booths selling 1.8 million kinds of goods across an expanse the size of 650 soccer fields. If youâve picked up cheap jewelry and toys in District 1, you may need to hop onto a motorcycle taxi to reach auto parts in District 5. Most of those thousands upon thousands of stalls specialize in single itemsâ"scissors, for example: scores and scores of different kinds of scissors.An ancient market town about 180 miles southwest of Shanghai thatâs grown into a city of 1.2 million people, Yiwu got a big boost from Belt and Road. People from Beirut to Seoul and beyond have come to start businesses. Some 13,000 traders from around the world now live here. More are arriving every day, says Mohanad Ali Mohâd Shalabi, a Jordanian businessman who owns the Beyti Turkish restaurant in the center of the city and a company that exports goods to the Middle East. âIn my restaurant,â he says, âI have met people from countries I have never known of.âIt wasnât always like this. When Bloomberg reporters visited in early 2014, business was so slow that bored shopkeepers played computer games, read newspapers, or slumped over in their chairs, asleep.Janey Zhang, whose Zhejiang Xingbao Umbrella Co. employs about 200 workers, remembers the bad old days. In 2013 the vast, labyrinthine halls of Yiwuâ"a legacy of 1978, when it became one of Communist Chinaâs first wholesale marketsâ"were almost deserted. Wholesalers and producers struggled with soaring manufacturing costs and the rise of online marketplaces such as Alibaba.Then came a glimmer of hope. On social media and television, Zhang started seeing reports about a new freight train that would roll west for thousands of miles, crossing China into Central Asia and on into Europe. This was part of the Xi governmentâs âNew Eurasian Land Bridge,â a seemingly endless skein of stacked container wagons replicating ancient Silk Road camel caravans. âThe impact of the railway was huge,â Zhang says. âI remember seeing pictures of it piled high with cargo. After the service started, our sales and customers quickly increased.âThe first Europe-bound train pulled out of here in November 2014, heading to Kazakhstan and Russia, then through Eastern Europe and on to Madridâ"an 8,000-mile journey that supplanted the Trans-Siberian Railway as the worldâs longest freight-train route. Since then, more routes have opened to destinations including London, Amsterdam, and Tehran.Zhangâs dream is for her Real Star brand to become the Hermès of umbrellas. Europe has long been her biggest market. Since the new freight trains came to Yiwu, sheâs picked up customers all along the route, from Kazakhstan to Russia to Iran.Trains have cut the time to Europe by a third or more compared with ships. The return journeys bring European goods such as wine, olive oil, vitamin pills, and whiskey. China Railway Express Co. said the value of outbound freight from Yiwu in the first four months of 2018 jumped 79 percent from a year earlier, to 1.8 billion yuan ($268 million), while imports tripled to 470 million yuan.Even so, rail freight accounts for less than 1 percent of Chinaâs overall exports. While it can shorten journey times to Europe, itâs more expensive than seaborne trade and slower and less flexible than air cargo. But for cities such as Yiwu, and especially for those in western China even farther away from seaports, the train that Xi built has injected new life into their economies. Hambantota, Sri LankaIn a southern Sri Lankan jungle, Dharmasena Hettiarchchi plucks green chile peppers that grow in the shade of banana trees. His grandfather tended the same patch of land when this island was the British colony of Ceylon. Hettiarchchi takes a break from the heat under a teak tree, removes his wide-brimmed hat, and says, âIf a jeep with Chinese characters comes down the road, the whole village will gather in protest.âHettiarchchiâs village and the surrounding town of ÂHambantota have become a cautionary tale for Xiâs Belt and Road aspirations. The idea was to take an inconsequential harbor visited by fewer than one ship a month on average and turn it into a modern, bustling seaport adorning a southern Belt and Road maritime route. It hasnât turned out so well.After Sri Lanka elected Hambantota native Mahinda Rajapaksa as president in 2005, he began sprinkling development projects across the region, one of the least-developed parts of this nation of 21 million people. Even long before Belt and Road was officially embedded in Chinese government policy, Beijing was eager to lend a hand, and Chinese loans financed Rajapaksaâs munificence. Hambantota (population at the time 11,200) got a new port, an international conference center, a cricket stadium, and an airport that, despite all the staff on show, doesnât service a single scheduled flight.To fund the projects here and others all across Sri Lanka, the Rajapaksa government fell deep into debt. The port at Hambantota, for example, was partly funded during the Rajapaksa administration by a loan from the Export-Import Bank of China. By the time Rajapaksa was voted out of office in 2015, more than 90 percent of Sri Lankaâs government revenue was going toward servicing debt.Last year, with Xiâs Belt and Road plan in full flow, a new Sri Lankan government moved to ease the debt. In return for $1.1 billion, it basically handed the seaport over to China. Under a 99-year lease agreement, the government gave 70 percent ownership of the port to China Merchants Group, a state-owned company with revenue bigger than Sri Lankaâs economy.China Merchants has promised to revive the port and turn it into a major regional trading hub. But some local people have had enough of promises. âAll these huge projects are a waste,â says Sisira Kumara Wahalathanthri, a local politician who opposes the current Sri Lanka government. âNo ships are coming to the port. No flights are coming to the airport.âAfter 30 years of civil war, many Sri Lankans are glad to see investment, any investment. At the port and in a surrounding industrial zone, construction work continues, presaging change. Displaced from their normal habitats, wild elephants regularly trample the portâs perimeter fence. At a nearby ancient Buddhist temple, head monk Beragama Wimala Buddhi Thero says he began attending protests because the areaâs way of life is under threat. While his temple will be spared, the nearby farms wonât, leaving him and his fellow saffron-robed monks without worshipers.âItâs becoming a Chinese colony,â he says of Hambantota. In a darkened hall, reclining on a wooden throne decorated with elaborately carved lions and flowers, he complains that China has already despoiled its own rivers in the name of progress. âIf that kind of pollution comes here,â he says, âit doesnât matter if weâre developed.âThe chile farmer Hettiarchchi is wary of the surveyors whoâve begun to appear in his neighborhood, making measurements and leaving their telltale markers behind. He says the plan is for him to be relocated to a part of eastern Sri Lanka to make way for development. Itâs all happening so fast, and what ÂHettiarchchi could be losing canât be replaced easily or quickly. Gesturing to the towering teak above him, the 52-year-old says, âA tree like this cannot grow within my lifetime."Gwadar, PakistanSurrounded by desert in southwest Pakistan thereâs a stone arch bearing a single name, Al-Noor. Farther along a desolate road, a black shipping container has been painted to tell you where you are: Gwadar Creek Arena.Al-Noor and Gwadar Creek are planned housing Âdevelopmentsâ"emphasis on âplanned.â Thereâs nothing here yet. The same goes for White Pearl City, Canadian City, Sun Silver City, and other residential tracts on the drawing boards. What you see are billboards, lots of them, as speculators and developers carve out future projects on the sun-blasted outskirts of an old fishing village named Gwadar.Gwadar is a city of dreams made in China. Beijing is pouring money into highways and roads, a hospital, a coal-fired power plant, a new airport, a special economic zone along the lines of Shenzhen, and, crucially, the port. The chain of events that led to Chinese involvement here fits a pattern repeated up and down Belt and Road routes: Local or national efforts to expand a port stumble; China comes in and saves the day.In the case of Gwadar, a redevelopment project begun in the 2000s under then-military ruler Pervez Musharraf foundered. In 2013 the Chinese arrived. A deep-water port here would be a natural southern terminus for a key binational project started that year, the $60 billion China-Pakistan Economic Corridor, as well as an important component of Belt and Road. To that end, Beijing is financing the lionâs share of the $1 billion in spending on the port and infrastructure development elsewhere in Gwadar.Gwadar, across the Arabian Sea from Oman, is so remote that its electricity comes from Iran, 60 miles down the coast. In recent years, the village has become a city of 100,000 or so. Although still mostly a gigantic building site flanked by highways and crisscrossed by roads, signs of change abound.Ghulam Hussain, 40, is a shopkeeper. Every month, he gets six to eight truckloads of rice, flour, sugar, and other groceries delivered to him from Karachi, an eight-hour drive to the east. Five years ago, three loads a month met his needs. âThere was nothing in Gwadar before,â he says. âIt was deserted. We were really backward. Since the Chinese came, our businesses are booming.âEven so, itâs hard to imagine Gwadar as the sea terminus of a road-and-rail trade link stretching 3,000 miles to eastern China. Most of the route would traverse some of the worldâs most Âinhospitableâ"and economically barrenâ"mountains and deserts.A rail line, says Andrew Small, a senior transatlantic fellow at the German Marshall Fund of the United States, a Washington-Âbased public-policy think tank, âmakes no economic sense in the foreseeable future. The economy of Pakistan and the economy of western China would need to look quite different.âSome say that military expansion is the real driver of the activity in and around Gwadar. âThe Gwadar Port shows that there is a close link to the Chinese military ambitions,â U.S. ÂCongressman Ted Yoho (R-Fla.) said during Foreign Affairs Committee hearings on U.S.-Pakistan relations in February. Zahid Ali, who used to run a small business topping up credit on mobile phones in Sindh province in eastern Pakistan, sees things very differently. Desperate to find a way to pay off 800,000 rupees ($6,300) in debts, he asked a client if there was any job in Pakistan that paid 50,000 rupees a month. Go to Gwadar, the customer replied.Thatâs what Ali did. He started as a laborer, learned steel work, and was soon earning 55,000 rupees a month. Now, having learned a little Chinese, heâs been promoted to supervisor. âWeâre getting good money, so people are coming from far away,â he says during his work shift on the six-lane East Bay Expressway. âItâs good that the Chinese came here. A lot of people have gotten jobs who were jobless.âThe Chinese who came here to work donât mix much with the locals. Some of the 150 or so of them live in a guarded and gated compound where green shipping containers have been converted into living spaces.One of the first things a visitor to Gwadar notes is that there are more soldiers on the streets than policeâ"an added precaution against the threat of terrorism across Pakistan. Security is tight because Chinese wouldnât come otherwise, says a Pakistani army officer who declined to be named because heâs not authorized to talk to the news media. He says there are checkpoints on all the roads leading into the city.Good, says Naseem Ahmed, 25, who works for the provincial government. âSecurity is great here,â he says as he warms up before taking part in a soccer game at a local stadium. âYou can be out at 3 a.m. in the morning, and there is no fear.â Mombasa, KenyaAstride his boda boda, or motorcycle taxi, at a crossroads in Mombasa, Simon Agina is counting containers on a passing train thatâs heading to Nairobi: â⦠82, 83, 84.âThere are plenty of freight containers back where those came fromâ"and much more besides. The port of Mombasa, Kenyaâs import lifeline, is a heaving mass of traffic of all sorts. Trucks line up quayside to move shipping containers from the docks to the railway. Three-wheeled tuk-tuks weave dangerously between other vehicles through hot, dusty streets filled with noise and litter.Kenyaâs largest port is also its oldest. So in 2011, with the ancient British colonial-era Mombasa-to-Nairobi narrow-gauge railway falling into disrepair and Beijing in the market for African investments, Kenya made its move. It agreed to let China finance and build a standard-gauge railway at a cost of $3.8 billion. The Mombasa-Nairobi SGR, as itâs called, is the nationâs largest infrastructure project since independence from Britain in 1963.Atanas Maina, managing director of Kenya Railways, says more than 30,000 Kenyans were employed directly on the project, which was run by China Road and Bridge Corp.; an additional 8,000 worked for subcontractors.The first paying passengers rode the line in June last year. Along its 293-mile journey, the SGR rumbles across almost 100 bridges and viaducts, many designed to allow the lions, zebras, and other wildlife that inhabit two national parks, Tsavo East and Tsavo West, to cross under the tracks.Freight trains like the one Agina saw from his boda boda began running in January. âThose are 84 trucks off the road,â he says as the containers whiz by. The railway cuts the ÂMombasa-Nairobi trip to five hours, down from more than eight by truck. Five freight trains a day were making the journey during spring. The number could eventually increase to 12, removing as many as 1,700 of the 3,000 trucks that currently ply the route.Like any major infrastructure project, the rail line has its detractors. The economist and government critic David Ndii says itâs not commercially viable, while a Kenyan newspaper, the Standard, accused China Road and Bridge of âneo-colonialism, racism and blatant discriminationâ in its treatment of local employees; Kenya Railways subsequently said it would investigate the allegations.Environmental activists tried without success to block the SGR from going through Tsavo parkland and have taken legal action to try to stop the next phase of railway construction, which would run the line through Nairobi National Park on the edge of the capital.Trucking companies, whose business grew steadily as the old railway decayed, are now worried about the loss of customers. Vanessa Evans, managing director of Rongai Workshop & Transport Ltd., says the SGR could have been a plus for the Kenyan economy in the long run, but poor coordination at the Mombasa and Nairobi rail terminals causes cargo backups and delays. The new rail line, she says, âhas nearly destroyed our business because the turnaround time varies between not good and awful. We have been in agony for the past five months.âThe train that pulls out of Nairobi Railway Station each morning at 8 oâclock, with noteworthy punctuality, is called the Madaraka Express. In Swahili, âmadarakaâ means power or responsibility; Madaraka Day, a national holiday, celebrates self-rule. If the old railway was a relic of Kenyaâs British colonial past, the new one, built with Beijingâs money, could be seen as a harbinger of a new kind of imperial reach.Itâs a blue-suited Chinese instructor who makes sure the female train attendantsâ"uniformed in the colors of the Kenyan flagâ"are standing in a nice straight line as passengers board. China financed 90 percent of the SGRâs $3.8 billion cost. And the giant Chinese Communications Construction Co. will operate the rail line for its first decade.The area around the station thrums with activity as construction pushes ahead on houses, container yards, and warehouses. Along the route to Mombasa, gleaming steel-and-glass stations stand out against clusters of tiny houses with rusty corrugated iron roofs and mud walls; the contrast encourages the locals âto dream big,â says Maina.Michael Ndungu, 21, a student who studies in Mombasa and visits the capital on weekends, used to take the bus. âThe SGR has made my life much better,â he says. âIt is faster and definitely safer.â In Mombasa the surge in passengersâ"1.3 million during the first six months of the yearâ"has been good for the economy. âBusiness is good,â says Stephen Kazungu, a 26-year-old taxi driver.The newly laid track, the trains, the stationsâ"âYou donât see that kind of infrastructure development in this part of the country,â says Agina, the 22-year-old boda boda driver, as the freight train fades into the distance. âThis is amazing.â â"Samuel GebrePiraeus, GreeceIt was the spring of 2016. Greece was in the vise-grip of the European sovereign debt crisis. Its neighbors and creditors were pressuring the government to enforce austerity. So Greece sold control of Piraeus, the storied seaport once connected to Athens by fortified walls, to China Cosco Shipping Corp., a Chinese state-owned enterprise.The deal bears many of the hallmarks of Chinaâs biggest Belt and Road projects. It began years before Xiâs signature project was announcedâ"in 2009, Cosco won a contract to run part of Piraeusâs container businessâ"and was then handily folded into the initiative; it was geared largely toward enhancing the reach of Chinaâs mariÂtime trade; and it involved a host nation desperate for investment.But unlike many of Chinaâs high-priced Belt and Road investments, this isnât a remote greenfield construction project in a developing nation. The port deal marked Chinaâs gradual takeover of one of Europeâs oldest and most important sea gateways. Piraeus has been Athensâs port and shipyard for about 2,500 years, a perch on the Mediterranean that helped Athens become a naval superpower.From his office, Ioannis Kordatos, managing director of the Hellenic Welding Association, can see the wall of containers stacked high at Pier II, Coscoâs original beachhead here. âIf Cosco magically disappeared tomorrow, it would be a huge loss,â says Kordatos. âWhat matters isnât that they are Chinese but that they are a private company doing serious business in the area.âVery serious business. The 2016 deal gave Cosco a 67 percent share of Piraeus Port Authority SA for â¬368.5 million ($429.5 million). During PPAâs first full year under Chinese control, its net income jumped 69 percent, to â¬11.3 million, as revenue from its container terminal rose 53 percent. Since Cosco first became involved, Piraeus has risen to be Europeâs seventh-busiest container port; 10 years ago, it wasnât in Europeâs top 15.Piraeus is a bustling city in its own right. Marinas here are filled with Atheniansâ yachts ready for weekend sailing. Passenger ferries dock near the town center to carry locals and tourists to Aegean islands. Farther west, in the repair yards, workers mend boats. Above all, giant gantry cranes loom over shipping containers.These days, whether you arrive here by sea, by metro, or by road, youâre bound to run into construction, with chunks of the city boarded up as bulldozers work on a new subway station and public transportation connections.In the heart of Piraeus, Cosco plans to upgrade the ferry and cruise ship terminals, adding a shopping mall and new hotels. Farther out, around the Gulf of Elefsina, Coscoâs investments could help revive Greeceâs rust-belt industrial heartland in the Thriasio Plain west of Athens. There, a planned logistics center, linked to the port by rail, could become a staging area for goods headed north through the Balkans.Not everybody in Piraeus shares Kordatosâs warm feeling toward Coscoâs purchase of PPA. âIf I had the money, Iâd buy it myself rather than let it go to foreigners,â says Evlampia Kavvatha, who owns a store selling shelving in the town center.Perhaps Coscoâs presence here is a case of desperate times calling for desperate measures. Like the rest of the country, Piraeus has been hit by a depression thatâs wiped out a quarter of the nationâs economic output since the sovereign debt crisis. Away from the main shopping district street, Piraeus suffers from the blight of empty storefronts that afflicts cities across Greece.Giorgos Gogos, general secretary of the Piraeus Dockworkers Union, says heâs worried about the impact of a Chinese state-owned enterprise on labor relations and the local community. âWe think itâs a mistake for infrastructure like this to leave the state,â he says. âThe Chinese have their own way of operating. [Cosco is] a state colossus backed by capital of the Chinese state. It has the characteristic of Chinese state capitalism.âFor all the concern about the potentially corrosive effects on Greeceâs economy and sovereigntyâ"and about Beijingâs ulterior motivesâ"Coscoâs incursion into Piraeus has something in common with other investments by Beijing along the vast and meandering Belt and Road: China put its money where others wouldnât. (Majendie is a senior editor in Singapore. Hamlin and Han cover the economy in Beijing. Marlow covers government in New Delhi. Mangi covers companies in Karachi. Gebre covers news in Nairobi. Bensasson covers the economy in Athens.) - TRAI Chairman: Why I gave out my Aadhaar number
- Chasing a coveted Test victory on English soil, a nervy India ended the action-packed third day of the first match at 110 for five
- Sindhu reaches World Championships semis
- Smriti Mandhana blasts 102 off 61 balls
- Gambhir to recuse himself from DDCA staff interviews
- 'We accept Mesut Ozil's decision to quit'
- Mahrez ready as Guardiola eyes winning start
- Ministry sanctions funds for Sushil's Georgia training
- Panesar writes letters to 18 counties
- Chhetri named 'Asian Icon' by AFC
- UGC recommends deemed university status for IIMC
- Home
- /spanLatest Stories
- Latest Stories
- Ludhiana: Foster father held for ârapingâ 11-year-old, mother for âpushingâ her into prostitution
- India vs England: Virat Kohli stands between victory and defeat in first Test
- President Trump speaking at the rally in Pennsylvania
- Keyframe #4
- Reality Check
- Business Live: US stocks rise
- Sport Today
- माठà¤à¥ नà¤à¤¼à¤° मà¥à¤ 'ठà¤à¥à¤à¥ बà¤à¥à¤à¥' थॠà¤"सामा बिन लादà¥à¤¨
- Forecasters warned the storm would cause zero visibility and winds topping 60mph.
- Was Trump late for the Queen?
- Massive dust storm rolls through Arizona
- Next Mexican gov't to review U S security cooperation-aide
- Passport Office, Mumbai gave clean chit to Choksi, now CBI seeks extradition
- Kohli keeps alive Indian hopes of gatecrashing England's 1000th test
- 11 labourers killed in massive blast at granite quarry
- Prez to visit Telangana, Tamil Nadu and Kerala on Aug 4 to 7
- Jaipal Reddy appointed Spokesperson of AICC
- BSF ASI injuries in sniping shot on LoC
- Itâs PSPB crowning themselves all the way
- BCCI organises pre-Season workshop for Umpires & Match Referees
maukaexplorer provides Daily snippets of exclusive topics on Current Affairs for Competitive Exams and Group Discussions. Suitable for all age groups and for a variety of competitive examinations.
Saturday, August 4, 2018
Latest News Headlines Sat Aug 4 00:15:31 IST 2018
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment