The article said that China ‘could easily retaliate’ with restrictions on Indian products
A trade war seems to be looming between India and China after New Delhi imposed anti-dumping duties on 93 Chinese products amidst a military standoff in Doklam area, two state media reports here said on.
An article in The Global Times, part of the ruling Communist Party’s publication group, urged Chinese firms to “reconsider the risks” of investing in India and warned New Delhi to be “prepared for the possible consequences for its ill-considered action.”
The article said that China “could easily retaliate” with restrictions on Indian products, but added that it “doesn’t make much economic sense” for the country.
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It cited figures from the Indian embassy in China to show that Indian exports fell by 12.3 per cent year-on-year to $11.75 billion while India’s imports from China rose by 2 per cent to $59 billion, resulting in a trade deficit of $47 billion.
According to the Indian Commerce Ministry, the trade deficit with China last year mounted to over $52 billion when the bilateral trade stood at $70 billion.
“A trade war between China and India seems to be looming after the latter moved last Wednesday to impose anti-dumping duties on 93 products from China,” the report said.
“If India really starts a trade war with China, of course China’s economic interests will be hurt, but there will also be consequences for India,” it said.
The report on trade comes as India and China have been locked in a tense military standoff in Doklam in the Sikkim sector. Read more
Commencement of process will start with availability of Application Forms from 01st September 2017
Graduate Aptitude Test in Engineering (GATE) 2018 dates has been announced. Commencement of process will start with availability of Application Forms from 01st September 2017. The last date to submit application form is 05th October 2017. GATE 2018 Examination will be conducted on February 03rd, 04th, 10th and 11th 2018 (Saturdays and Sundays). GATE is a national-level entrance examination held for admission into Postgraduate Programmes (Master’s & Doctoral – M.E., M.Tech, PhD) at IITs, IISc, IISERs and other reputed institutions. Many Govt. PSUs such as IOCL, PGCIL, NTPC, BHEL, BARC, ISRO, CSIR, DRDO and private organizations also use GATE scores for recruitment purposes. GATE is jointly administered by Indian Institute of Science (IISc) and seven zonal Indian Institutes of Technology (IITs) for Ministry for Human Resource and Development (MHRD) Govt. of India. Each year one of these institutes conduct GATE on a rotational basis, in 2018 GATE will be conducted by IIT Guwahati.
GATE is one of the most pursued after entrance examination in India. Last year around 9,00,000 candidates appeared for the examination. GATE is conducted across 197 cities of India and 6 international cities namely Addis Ababa (Ethiopia), Colombo (Sri Lanka), Dhaka (Bangladesh), Dubai (UAE), Kathmandu (Nepal) and Singapore. GATE scores are also accepted for admission in universities in Singapore and Germany. While filling the Application form candidates provide three choices for centres and they are allocated the centre accordingly. GATE examination is conducted online and consists of both Multiple Choice Questions (MCQ) and questions which have numerical answers which are to be keyed in by candidates. Read more
The OnePlus 5 flip cover normally costs Rs 1,290
Planning to buy the OnePlus 5? Why wait – this is one of the ideal times to buy it as OnePlus is offering a free flip cover to those who purchase the phone on or before August 15.
Along with a free flip cover, buyers can also avail 50 per cent off on OnePlus Bullets (V2), OnePlus 5 Essentials Bundle at 10 per cent off when purchased with the Oneplus 5 device.
The OnePlus 5 flip cover normally costs Rs 1,290 and are available in two colours- Black and Grey. The OnePlus 5 costs Rs 32,999 for 6GB RAM and Rs 37,999 for the 8GB variant.
Today is also the last day of Amazon Great Indian Sale. Amazon is offering a discount of Rs 2000 on OnePlus 3T with 6GB RAM + 64GB memory. Hence, it will be sold at a price of Rs 27,999.
Also Read : Global cyberattacks prompt India Inc to run for cover
ALSO READ: Amazon Great Indian Sale: 50% off on smartphones, home appliances, fashion
With its flagship OnePlus 5, launched in India on June 22, smartphone manufacturer OnePlus has shrugged off other Chinese handset makers’ strategy of targeting the budget smartphone segment. The result: A smartphone that is the priciest OnePlus device but the most affordable flagship product.
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