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Prime Minister Narendra Modi to discuss bulging trade deficit with China

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PM_Modi_and_President_Xi

By NewsGram Staff Writer

Prime Minister Narendra Modi during his visit to Beijing next month, will take up the issue regarding  India’s bulging trade deficit with the Chinese leaders.

Modi is expected to propose measures to narrow the gap that had disproportionately skewed towards the neighbor.

According to the estimations of the Commerce Department, the trade deficit between India and China has widened up to $40 billion in 2014-15 and is expected to reach up to $60 billion in the next five years, if the issue went unnoticed.

The imports from China had increased up to 18.18 per cent to $55.77 billion, while exports had declined up to 18.88 per cent to $11.01 billion, reported the Commerce Department.

“The Prime Minister will make a strong pitch to reduce the deficit in case there is a future for India-China trade relations, this issue needs to be sorted out’,” said the Commerce secretary Rajeev Kher.

“The approach requires a three-pronged strategy; seeking effective market access from China in specific areas of India’s strength, channeling Chinese investment into Indian manufacturing and jointly investing in third world countries,” added the Commerce secretary during the three-day session of Global Exhibition in Services.

Kher also said that, “China has expressed interest in setting up industrial parks in the country. It has to be ensured that these fructify on time, because the more investments get delayed, the wider the trade deficit will get.”

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Actress Richa Chadha Extends her Support to Pride Month

Richa was also recently chosen as the face face by Humsafar Trust, an NGO for the LGBTQ community

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Richa Chadha
Richa Chadha. Wikimedia Commons

Actress Richa Chadha has become a part of a special promotional initiative of the US Consulate here to extend support for the Pride Month in India.

A post on the official Instagram account of the US Consulate General in Mumbai, shows Richa posing in a bright yellow ensemble and making a heart gesture with her hands.

Alongside that is a post which reads: “It’s 2019! Obsolete ideas of morality, misinformation about LGBTQIA+ must go. By repealing Section 377, India has joined the ranks of other progressive nations in the world. For the common man, there’s now a growing understanding that being LGBTQIA+ is normal. But repealing the law on paper and having greater acceptability as an LGBTQIA+ in society are very different things.

Richa
Richa Chadha at an event. IANS

“We need to work tirelessly to remove ignorance, misinformation and stigma attached to the community and its choices. Life must be made easier. An open and welcoming approach to the LGBTQIA+ must percolate down to the tier two cities and villages in India, and not stay restricted to the cosmopolitans.”

The actress added: “As a society, we must become more inclusive and aware about all genders and their needs. The role of LGBTQIA allies is crucial in this regard, as we can help bring issues of stereotyping and harassment to the notice of people and popular media. We should team up with artists who fight for freedom of expression, against censorship, and also join hands with those fighting for marginalised groups.”

Also Read- Prime Minister Narendra Modi to Form Committee on ‘One Nation, One Election’

Richa was also recently chosen as the face face by Humsafar Trust, an NGO for the LGBTQ community, to inaugurate India’s first ever holistic medical centre for the people of the community to help them break away from stigmas of general discrimination they may face. (IANS)