Amid Doklam standoff, India-China trade war looms: Chinese media

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

Qatar offers visa-free entry to India, 79 other nations amid Gulf crisis

Energy-rich Qatar’s economy took a hit since Saudi Arabia, UAE, Egypt, Bahrain moved to isolate it

Qatar announced on Wednesday it was scrapping visa requirements for visitors from 80 countries as it weathers a boycott by four Arab states and gears up to host the World Cup in 2022.

Under the new policy announced by Qatar Airways and authorities, citizens of 33 mostly European countries can enter without a visa for 90 days in single or multiple trips during a 180-day period.

Americans, Britons, Canadians and citizens of 44 other countries can enter visa-free for an initial 30 days on single or multiple trips, and can extend that for a further 30 days.

Energy-rich Qatar’s economy has taken a hit since Saudi Arabia, the United Arab Emirates, Egypt and Bahrain moved to isolate it two months ago over allegations it supports extremists.

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The quartet of Arab nations is particularly irked by Qatar’s ties with Iran and its support of Islamist opposition groups. Qatar denies it backs terror groups and says the allegations against Doha are politically motivated.

The four countries cut diplomatic and transport links with Qatar in June, and barred Qatar from using their airspace and shipping lanes.

In a related development, the UAE and Bahrain today sought to clarify a statement made the day before by the International Civil Aviation Organization, which said both countries had agreed to open up some of their airspace, including new “temporary or contingency” routes, for Qatar Airways.

The two, in statements carried on the UAE’s and Bahrain’s state-run news agencies, said that they had not agreed to open up their airspace in full to Qatari flights but to only allow Qatari aircraft to use their airspace located above international waters.

Tim Cook explains why India could be the next China for Apple

Apple’s game plan is to turn India into the next China, not only in terms of sales but also manufacturing and exports

As sales of Apple’s flagship iPhone slow globally, the company’s bullishness that India will emerge as a major driver of volumes is causing an acceleration in its investments here.

In the last quarter alone, Apple’s iOS app accelerator, as well as its manufacturing unit run by contract manufacturer Wistron in Bengaluru, went online. These investments are in addition to the company’s overall investment in growing its sales channel and marketing more to consumers in India.

“We began to produce the iPhone SE there during the quzjbzarter, and we’re really happy with how that’s going. And so we’re bringing all of our energies to bear there. I see a lot of similarities to where China was several years ago,” said Tim Cook, CEO of Apple, in a call with investors on Tuesday.

Apple’s game plan is to turn India into the next China, not only in terms of sales but also manufacturing and exports. The company has been engaged with the Indian government to receive sops for setting up full fledged manufacturing and not just iPhone assembly for over a year now.

The going is a bit slow due to India’s unwillingness to grant subsidies specific to Apple and the former is looking at a policy that can attract all smartphone makers to manufacture

their devices here.

Company News : While sales of the iPhone have been growing at a blistering pace in India, analysts said the growth Apple is seeing is nothing out of the ordinary. With a base of just 2-3 per cent of India’s overall smartphone market, Apple still has a long way to go, especially in convincing Indians to buy its latest iPhone each year.

However, everyone seems to agree with Cook’s reading that the India market will provide a significant opportunity for Apple to sell millions of its high-end devices.

Apple has for long maintained that as network infrastructure in India gets better, more customers will begin to see the benefits of owning an iPhone. This combined with a young population that is aspirational by nature is what could turn India into Apple’s next China.

ICC Champions Trophy: 5 reasons why India lost to Pakistan in the final tie

The beginning of the end for India came right with the call to field first after winning the toss

Companies News : The hopes of more than a billion Indian seemed to have come a cropper on Sunday when their national team was handed a humiliating defeat by arch-rivals Pakistan in the final match of Champions Trophy, 2017. Played at the Oval in London, the match saw India crumbling in their chase of 339 runs and getting bundled out for a lowly 158.

Worse, the debacle for India – their biggest margin of defeat in an ICC tournament yet – came in their first clash with Pakistan in a summit match since 2007. Before this, India’s 125-run loss to Australia in the 2003 World Cup final, at Johannesburg’s New Wanderers Stadium in South Africa, had been their most crushing defeat.

While it was embarrassing for India, the emotions on Pakistan side were those of jubilation that comes with unexpected triumph. At the 8th spot in ODI rankings, Pakistan were the lowest-ranked team at the beginning of Champions Trophy 2017. But the way they downed the favourites like South Africa, Sri Lanka and England, and finally India, will be remembered by cricket enthusiasts for a very long time.

Among the most spectacular takeaways from Sunday’s game were the phenomenal opening spell by left-arm Pakistan pacer Mohammad Amir and the brilliant maiden century by Fakhar Zaman, besides sublime field performance by Sarfraz Ahmed’s boys.

Here are five turning points in the match that took the game away from India:

1. The toss: Banking on India’s recent record of successfully chasing down big targets, India skipper Virat Kohli opted to put Pakistan in to bat first. This, it turns out, would have been a good toss to lose for India, as Pakistan captain Sarfaraz Ahmed also said he, too, would have elected to field if he had won the toss.(more)

Sony Xperia XZ Premium with 4K screen launched in India at Rs 59,990

On pre-booking from June 2 to June 11, you get Rs 8,990 SRS-XB20 Wireless Bluetooth Speaker for free

Sony India has launched in the country its flagship smartphone, the Xperia XZ Premium, at Rs 59,990. The smartphone, the first to feature a whopping 4K display and a powerful 19-megapixel camera capable of recording incredible slow motion videos, had been unveiled during the Mobile World Congress (MWC) 2017.

In terms of specifications, the Sony Xperia XZ Premium offers top of the line innards. The smartphone sports a 5.5-inch high dynamic range (HDR)-ready display, with 4K (2160 x 3840) resolution and covered with Gorilla Glass 5 for protection from scratches and accidental drops. Powering the device is Qualcomm latest Snapdragon 835 processor that features Snapdragon X16 LTE modem, which supports a speed of up to 1 Gbps, and Adreno 540 graphic processing unit (GPU) for smoother graphics.

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The major attraction of the device is its 19-megapixel rear camera, capable of recording slow-motion video in 960 frames per second (FPS). There are multitudes of extra camera features for photography enthusiasts and professionals which make the Xperia XZ Premium a heavy-weight in its league.

The Xperia XZ Premium boots Android Nougat v7.1 out of the box and features 4 GB of RAM, besides 64 GB of built-in storage expandable via microSD card. The phone is fitted with a 3,230 mAh battery that supports Quick Charge 3.0 and an adaptive charging layer on top for quicker battery refill. The Xperia XZ Premium is IP65/68-certified, so it can withstand water and dust abuse with ease.

Pre-booking of the Sony Xperia XZ Premium will open from June 2 and go on till June 11. Sony is offering a SRS-XB20 Wireless Bluetooth Speaker, worth Rs 8,990, for those pre-booking the smartphone during the offer period. The smartphone will go on sale at all Sony Center, select retail outlets and Online exclusively on Amazon.com.

Now, you can link your Aadhaar with PAN through an SMS

Said linking the two numbers is key to ‘seamlessly avail online, a world of income tax facilities’

The Income Tax Department on Wednesday urged taxpayers to link their Aadhaar with their PAN, using an SMS-based facility.

The department issued advertisements in leading national dailies and described how both the unique identity numbers of an individual can be linked by sending an SMS to either 567678 or 56161.

It said people can also visit the official e-filing website of the department to link the two identities, in both the cases– identical names in the two databases or in case where there is a minor mismatch.

It said linking the two numbers is the key to “seamlessly avail online, a world of income tax facilities.”

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“Aadhaar can also be seeded into PAN database by quoting Aadhaar in PAN application form for new PAN allotment or by quoting Aadhaar in change request form used for reprint of PAN card,” it said in the advertisement.

The Income-Tax-department had early this month launched a new e-facility to link a person’s Aadhaar with the Permanent Account Number(PAN), a mandatory procedure for filing I-T returns now.

The department’s e-filing website has hosted a new link on its homepage to link the two unique identities.

The link requires a person to punch in his PAN number, Aadhaar number and the exact name as given in the Aadhaar card. Read More

‘Sachin: A Billion Dreams’: Informative, inspirational (IANS Review, Rating: ***)

Film: “Sachin: A Billion Dreams”; Director: James Erskine; Cast: Sachin Tendulkar, Anjali Tendulkar, Ajit Tendulkar, Sara Tendulkar, Mayuresh Pem, Mayur More; Rating: ***

“Sachin: A Billion Dreams” is a biopic that gives a holistic view of Sachin Tendulkar’s life, who is revered as “the God” of cricket by his fans.

Structurally, the film is designed as a documentary. While the film encapsulates the life of the master blaster right from his birth till date, it also gives an insight into the socio-economic situation of the country, making it feel like heavy-duty stuff.

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This may not be the first documentary on Tendulkar, but probably it is the only one endorsed by him. So, you have him as the narrator sharing his personal moments along with his views and fears in a sincere and heartfelt manner.

While the film tells us of his growth as a cricketer which is common knowledge, it also reveals his personal life bringing to the fore his close-knit family and friends. How he got the name Sachin, how he met his wife, got married and how he spends his free moments, are a few of the interesting nuggets shared. So apart from Sachin you actually get to see his family and friends. Read more