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India Targets $1 Trillion Digital Economy

India has become a global example of real-time payments, benefiting from home grown technological innovations like UPI…reports Asian Lite News

With government’s digital initiatives, India’s financial ecosystem has undergone a paradigm shift over the last few years.

A recent report by Ask Capital says with enablers like deep internet penetration efficient and cheap 4G and 5G services along with government digital initiatives India is set to become a USD 1 trillion digital economy by 2028.

India has become a global example of real-time payments, benefiting from home grown technological innovations like UPI. India’s digital transformation will be a game changer for the economic development.

Digitalisation of the Indian economy, along with the increasing use of smartphones in the past few years has propelled cashless transactions and online purchases.

According to the Indian Council for Research on International Economic Relations (ICRIER), India’s score on digital prowess has surpasses that of developed nations such as Japan, the United Kingdom and Germany in the aggregate level of digitalisation.

Government initiatives like Pradhan Mantri Jan Dhan Yojana (PMJDY) and the Direct Benefit Transfer (DBT) schemes have helped in universal access and enhanced financial inclusion in the country.

Increased mobile and broadband penetration will deepen financial inclusion and boost new digital services.

Advanced and new digital lifestyle and life-saving services like digital entertainment, online education, tele-medicine, digital health and disaster response will capitalise on better mobile and internet services.

Affordable data, increasing number of smartphone users and growth in e-commerce are driving India’s digital transformation.

As on March 2024, the Telecom Regulatory Authority of India (TRAI) data suggests nearly 120 crore telecom subscribers in India. Total number of internet subscribers increased from 88.1 crore in March 2023 to 95.4 crore at the end of March 2024, close to half are from rural areas. Over 7.3 crore internet subscribers and over 7.7 crore broadband subscribers were added in last one year.

Driven by adoption of 4G and 5G technologies, total volume of wireless data usage increased from 1,60,054 PB during the year 2022-23 to 1,94,774 PB during the year 2023-24 with yearly growth of 21.69 per cent.

The digital economy, which accounted for 4.5 per cent of India’s GDP in 2014, is expected to contribute 20 per cent of the GDP by 2026.

Between 2017 and 2023, retail digital payments surged 50.8 per cent. Sectors like finance, education, healthcare, food, travel and e-commerce are already undergoing large-scale digital transformation.

As per the report, UPI, is expected to contribute 90 per cent of the total retail digital payments in India by 2027.

The RBI is planning to roll out the Unified Lending Interface (ULI). This will simplify getting credit, especially for small and rural borrowers. ULI will also facilitate digital information, like land records, to flow seamlessly between data providers and lenders, cutting down the time it takes to approve credit.

Sectors like healthcare and education have received great thrust from digital India initiatives. Healthcare schemes like Ayushman Bharat Digital Mission (ABDM) is building backbone to support the integrated digital health infrastructure of the country. e-Hospital have made healthcare facilities more accessible, e-Sanjeevani, the National Telemedicine Service of India is another step towards digital health to achieve Universal Health Coverage.

In education, Covid-19 gave a new direction to school education, saw school classroom lectures shift to digital screens.

The e-commerce sector is expected to be another key driver for growth going ahead, is leading to a surge in digital payment transactions in rural areas.

The report says digital payments in India are about to reach an inflection point and are expected to grow in value to USD 10 trillion by 2026.

Growth of the Indian economy is becoming more inclusive through innovations and the government’s thrust on digitalisation and with a large pool of talents India is expected to propel towards becoming a USD 1 trillion digital economy by 2028. (ANI)

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IPO Wave Hits India

According to analysts, this influx is lowering bond yields, reducing borrowing costs, and positioning Indian debt as increasingly attractive for foreign investors…reports Asian Lite News

As Indian stock markets continue to show robust growth despite global uncertainties, a record 15 companies registered their initial public offering (IPO) documents with the Securities and Exchange Board of India (SEBI) on the last day of September.

This took the total filings for the month to 41 which is the highest-ever IPO document filing in a single month.

According to market watchers, the surge in draft red herring prospectus (DRHP) filings happened as audited financials for the quarter ending March 31 are valid only until September 30.

“We forecast more than Rs 1.5 lakh crore of fund raise via IPOs this year. Increasing number of growth-stage businesses will hit the street. Moreover, we will have trend of multinationals coming to tap Indian capital market,” said Mahavir Lunawat, Managing Director, Pantomath Capital Advisors.

“Besides, several other market liquidity parameters, notably monthly mutual fund flow has doubled since last quarter and we are getting close to Rs 40,000 crore of money every month. This has fuelled capital market buoyancy phenomenally,” he added.

The Indian equity markets have reached all-time closing highs, reflecting investor confidence driven by anticipated changes in the domestic interest rate cycle following the US Federal Reserve’s recent 50-basis-point rate cut.

The overall trend in the Indian equity market remains positive, said experts.

Additionally, the inclusion of Indian sovereign bonds in JP Morgan’s global debt indices has attracted around $18 billion in foreign investment over the past year, with expectations for continued growth following recent US interest rate cuts.

According to analysts, this influx is lowering bond yields, reducing borrowing costs, and positioning Indian debt as increasingly attractive for foreign investors. Future monthly inflows could reach $2 to $3 billion, significantly boosting foreign participation in India’s bond market.

As per Angel One Wealth data, in the first half of this year, more than 5,450 companies have been listed across the world, in which India’s share was about 25 per cent.

Last year also a large number of IPO listings were seen in India. The reason for this was the high inflow by domestic investors in emerging companies and sectors.

SEBI Tightens Rules

The Securities and Exchange Board of India (SEBI) has announced several new measures to curb speculative trading in the futures and option (F&O) segment as nine out of ten participants have consistently lost money over the past three years.

Under the F&O measures, market regular has increased the minimum contract size in the index derivatives to Rs 15 lakh from the current Rs 5 lakh.

SEBI has also reduced the weekly index expiry count to one per exchange. This means that exchanges can only offer one expiry in a week on one benchmark index.

“In order to specifically address this issue of excessive trading in index derivatives on expiry day, it has been decided to rationalise index derivatives products offered by exchanges which expire on a weekly basis. Henceforth, each exchange may provide derivatives contracts for only one of its benchmark index with weekly expiry,” SEBI said in a circular.

The market regulator has taken this step due to heavy losses incurred by retail investors in the F&O segment.

As per the recent study released by SEBI, in the last three years, a combined loss of Rs 1.81 lakh crore has been incurred by 1.10 crore traders. Out of these, only 7 per cent of traders have been successful in making a profit.

After the new SEBI circular, the size of derivatives contracts in benchmark indices like Nifty and Sensex will increase from Rs 5 lakh-Rs 10 lakh to Rs 15 lakh-Rs 20 lakh.

This measure would be effective for all new index derivatives contracts introduced after November 20, 2024.

The derivatives market in India has significantly increased in the last few years. In July, SEBI’s paper said that India’s derivatives market has surpassed the cash market. At present, India accounts for 30 to 50 per cent of the total global derivatives trading.

According to the data, cash market turnover in India has doubled from FY 20 to FY 24, while the turnover of index options has increased 12 times to Rs 138 lakh crore in FY 24, which was Rs 11 lakh crore in FY 20.

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‘No Excuses in Team India’

Smriti said the India-Pakistan rivalry in women’s cricket is fueled more by fan emotions, not player relations, with passion from both nations intensifying it…reports Asian Lite News

Ahead of India’s campaign starting in the Women’s T20 World Cup on October 4 against New Zealand, vice-captain Smriti Mandhana said there are no excuses on offer when someone is playing for the country at the international level.

India will also play an afternoon game against Pakistan at the Dubai International Stadium on October 6. “The afternoon game is going to be a challenge due to the heat, but when you play for India, there are no excuses. You have to prepare well, and I think we have a couple of afternoon sessions lined up to help us get used to the conditions.”

“By the time we face Pakistan, I’m sure we’ll be ready. Mentally, we need to stay strong and keep pushing, staying hydrated is key. It hasn’t been easy. Coming from India, we are somewhat used to the heat compared to other teams, but the first couple of days were really tiring.

“I’m sure by the time we reach our first match, we’ll be better adjusted to the conditions. The preparation has been really good. We had an amazing camp in Bangalore before coming to Dubai, where we tried to cover all bases. Now, it’s just about fine-tuning everything before we get going,” said Smriti to broadcasters Star Sports.

Talking about the India-Pakistan rivalry in women’s cricket, Smriti remarked, “I think the India-Pakistan rivalry is more about the emotions of the fans than anything else. It’s not like the players don’t talk to each other; it’s the emotions from both nations that make it so intense.”

“For me, every World Cup match is special, and we put the same amount of effort into each game. But there’s definitely a lot of emotion attached to the India-Pakistan games,” she added.

India will also be facing Australia and Sri Lanka in their Group A games. “Every game in the World Cup is important, and you have to give your 100% in each one. New Zealand and Sri Lanka are strong teams, but with Australia, you know you can’t afford to make mistakes.

“You have to bring your best game on that particular day to get the better of them. There’s always excitement when facing Australia because they’re such a good team, and beating them is a great challenge,” added Smriti.

The left-handed opener, whose cricketing idols were Kumar Sangakkara and Meg Lanning, said she has a lot of fun in opening the batting with Shafali Verma. “It’s a lot of fun opening with Shafali. The conversations between us are pretty funny. I hope the mic never catches them because they can be really random!

“We’ve been opening together for the last 2-3 years and know each other’s game really well. Many times, we don’t even need to talk; we can just communicate with gestures. There’s a great bond between us, and if we get going in the powerplay, it’s always good for the team.”

Speaking about playing under Harmanpreet Kaur, Smriti signed off by saying, “It’s been amazing to be on this journey with Harman since my debut. Over the last 8-9 years, we’ve seen how much women’s cricket has grown.”

“One thing about Harman is that she’s always going to fight it out, no matter the situation. She’s fierce and always gives her best, and that’s something I admire. She’s not only a motivation for me but also for the younger players in the team.”

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India says it is deeply concerned about situation in West Asia

New Delhi said it is deeply concerned over the escalating security situation in West Asia and called for addressing all issues through “dialogue and diplomacy”…reports Asian Lite News

In its first reaction to fresh escalation of tensions in West Asia, India on Wednesday called for restraint by all sides and said the conflict must not take a wider regional dimension.

India’s comments came a day after Iran fired around 200 missiles into Israel in response to Israel’s killing of Hezbollah chief Hassan Nasrallah and other commanders of the militant outfit.

New Delhi said it is deeply concerned over the escalating security situation in West Asia and called for addressing all issues through “dialogue and diplomacy”.

“We are deeply concerned at the escalation of the security situation in West Asia and reiterate our call for restraint by all concerned and protection of civilians,” the Ministry of External Affairs (MEA) said.

“It is important that the conflict doesn’t take a wider regional dimension and we urge that all issues be addressed through dialogue and diplomacy,” it said in a statement.

“We are closely monitoring the recent escalation in (the) security situation in the region. Indian nationals are advised to avoid all non-essential travel to Iran. Those currently residing in Iran are requested to remain vigilant and stay in contact with the Indian Embassy in Tehran,” the MEA said.

The advisory follows ongoing regional instability caused by Iran’s ballistic missile attack on Israel, which has triggered retaliatory measures and widespread military engagement between Israel and Hezbollah in Lebanon.

Sharing a post on X, the Times of Israel reported that the Israel Defence Forces (IDF) have issued alerts for residents of two dozen villages in southern Lebanon to evacuate immediately.

“The IDF reported that around 50 rockets were fired from Lebanon at northern Israel earlier today, leading to the deployment of additional forces to support ground operations in the region,” another update said.

The Indian Embassy in Tel Aviv has also been closely monitoring the situation, issuing its own safety advisory for Indian citizens in Israel.

It has warned citizens to remain cautious, avoid unnecessary travel, and stay near safety shelters as missile strikes from Iran continue to target Israeli civilians.

In a statement on X, the IDF said, “The IDF and the US Armed Forces cooperated together in defence several days before, during, and after the Iranian attack. The IDF expresses great appreciation for this cooperation and will continue to deepen its relationship with the US Armed Forces, due to our commitment to strengthening regional stability and the coordination between the militaries.”

This military action comes in response to Iran’s recent ballistic missile attack on Israel, which has significantly escalated tensions in the region.

The conflict has escalated after the deaths of senior Hezbollah and Hamas leaders in Israeli airstrikes, with Iran vowing retaliation. (ANI)

India asks its citizens in Iran to remain vigilant

In the wake of the escalating tensions in West Asia, India on Wednesday advised its citizens to avoid all non-essential travel to Iran.

In an advisory, the Ministry of External Affairs (MEA) also urged the Indian nationals presently residing in Iran to remain vigilant and stay in contact with the Indian Embassy in Tehran.

The advisory came a day after Iran fired around 200 missiles into Israel in response to Israel’s killing of Hezbollah chief Hassan Nasrallah and other commanders of the militant outfit. Israeli Prime Minister Benjamin Netanyahu said Iran will “pay” for the missile strikes.

“We are closely monitoring the recent escalation in security situation in the region,” the MEA said. “Indian nationals are advised to avoid all non-essential travel to Iran.Those currently residing in Iran are requested to remain vigilant and stay in contact with the Indian Embassy in Tehran,” it said.

The Indian Embassy in Tel Aviv on Tuesday issued an advisory for Indian nationals living in Israel. “In view of the prevailing situation in the region, all Indian nationals in Israel are advised to stay vigilant and adhere to the safety protocols as advised by the local authorities,” it said.

“Please exercise caution, avoid unnecessary travel within the country and stay close to safety shelters,” it said. The embassy said it is closely monitoring the situation and remains in regular touch with the Israeli authorities to ensure the safety of all Indian nationals.

ALSO READ: Jaishankar meets Sullivan, Harris’ NSA Gordon

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We are ready to advance bilateral ties with India, says Chinese envoy

Chinese envoy to India Xu Fiehong said that China is willing work with India to advance bilateral relations…reports Asian Lite News

China on Wednesday acknowledged the congratulatory message sent by President Droupadi Murmu to Chinese Presiden Xi Jinping and the Chinese people on the 75th Anniversary of the founding of the People’s Republic of China.

Chinese envoy to India Xu Fiehong said that China is willing work with India to advance bilateral relations.

“President Droupadi Murmu sent her congratulatory message to President Xi Jinping and the Chinese people on the occasion of the 75th Anniversary of the founding of the People’s Republic of China. China is willing to work with the Indian side to advance bilateral relations on a healthy and stable track, in accordance with the principle of mutual respect, mutual understanding, mutual trust, mutual accommodation and mutual accomplishment,” the Chinese envoy to India said in a post on X.

On September 27, in her message, President Murmu emphasised the significance of fostering peaceful and stable relations, stating, “As two large neighbours with many common developmental challenges and shared regional interests, it is important that we work towards peaceful and stable relations between our two countries.”

In her communication, President Murmu expressed a desire to enhance bilateral cooperation, saying, “I look forward to working with you to realise a mutually beneficial relationship and leverage our respective strengths for the benefit of people of both countries and the region and world.”

Meanwhile on October 1, while speaking at an event hosted by Carnegie Endowment in the US, EAM S Jaishankar said that the tensions between India and China will continue until there are forward deployments of militaries on border.

“In terms of our own relationship with China, I think it’s a long story, but the short version is that we have agreements on how to keep the border peaceful and tranquil, and those agreements were violated by China in 2020. And some of the…because we have forward deployments of our militaries, there are resulting tensions. And until those forward deployments are addressed the tensions would continue. If the tensions continue, it casts a natural shadow over the rest of the relationship. So, our relationship hasn’t been great for the last four years,” he said.

It is pertinent to mention that the India-China standoff at the border is continuing as multiple rounds of military and diplomatic discussions did not reap results. (ANI)

ALSO READ: Jaishankar meets Sullivan, Harris’ NSA Gordon

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MEA says it is closely following Sudan’s security situation

Earlier this week, the UAE said its ambassador’s residence in Khartoum was attacked by a Sudanese military aircraft….reports Asian Lite News

In wake of escalating tensions in Sudan following the attack on the UAE ambassador’s residence in Khartoum, the Ministry of External Affairs said it is following the security situation in the region.

It raised concern over the reports of an attack on the residence of the UAE Ambassador in Khartoum, and said that the inviolability of diplomatic premises must be respected in any conflict.

“We are following the security situation in Sudan. Inviolability of diplomatic premises in any conflict must be respected, and reports of attack on the residence of the UAE Ambassador in Khartoum is of serious concern,” MEA spokesperson Randhir Jaiswal said in a statement.

Earlier this week, the UAE said its ambassador’s residence in Khartoum was attacked by a Sudanese military aircraft. Abu Dhabi condemned it as a “heinous attack.”

Sudan’s military government refuted the accusations from, pointing instead at the rival paramilitary Rapid Support Forces (RSF). The government in Khartoum, which is in the midst of a new push to retake the capital, has previously accused the UAE of supporting the RSF, with which it has been entangled in war for more than a year, as reported by Al Jazeera.

The military government has accused the UAE of providing weapons and support to the RSF in the war, which has killed tens of thousands of people and ignited a crisis in the country.

In June, Sudan’s ambassador to the United Nations, al-Harith Idriss al-Harith Mohamed, accused Abu Dhabi of giving financial and military support to the RSF, and claimed that help was the “main reason behind this protracted war”.

Meanwhile, the Gulf state has called the allegations “disinformation,” saying its efforts are focused exclusively on de-escalation and alleviating Sudan’s humanitarian suffering.

However, UN sanctions monitors have described the accusations that the UAE has provided military support to the RSF as credible.

According to UN, nearly 25 million people – half of Sudan’s population – need aid, famine is looming and some 8 million people have fled their homes.

Heavy clashes have raged in several parts of the capital city in recent days in a major flare-up of hostilities as government forces have launched an assault aimed at retaking Khartoum. For the most part, the RSF has been in firm control of most of the city since the outbreak of hostilities and has been accused of committing abuses against the civilian population. (ANI)

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World urges restraint after Iran strikes Israel

Pope Francis called for a day of prayer for peace on October 7, the anniversary of Hamas’ attack on Israel…reports Asian Lite News

World leaders called on Iran and Israel to step back from the brink after Tehran fired a barrage of rockets at its arch-rival.

Tehran said Tuesday’s attack — launched as Israel said it was mounting a ground offensive against Iran-backed Hezbollah in Lebanon — was in response to the killings of Iran-backed militant leaders.

“The Chinese side calls on the international community, especially major influential powers, to truly play a constructive role and prevent the situation from further deteriorating,” said a foreign ministry spokesman in a statement published online.

“This situation is developing by the most worrying scenario,” Kremlin spokesman Dmitry Peskov said Wednesday.

“We call all sides toward restraint … and we condemn any acts that could lead to the death of the civilian population.”

Hours earlier, Russia’s foreign ministry spokeswoman Maria Zakharova denounced what she said was the “complete failure” of US President Joe Biden’s approach.

“The White House’s incomprehensible statements demonstrate its complete helplessness in resolving crises,” she posted on Telegram.

Pope Francis called for a day of prayer for peace on October 7, the anniversary of Hamas’ attack on Israel.

Biden ordered the US military to “aid Israel’s defense against Iranian attacks and shoot down missiles that are targeting Israel.” US Secretary of State Antony Blinken said the attack was “totally unacceptable.”

“Initial reports suggest that Israel, with the active support of the United States and other partners, effectively defeated this attack,” Blinken said. United Nations Secretary-General Antonio Guterres condemned the “broadening conflict in the Middle East.”

With Israel’s conflict with Hezbollah broadening alongside its ongoing war with Palestinian Hamas militants in Gaza, Guterres slammed “escalation after escalation” in the region.

“This must stop. We absolutely need a ceasefire.” Israel vowed to retaliate in the wake of Iran’s attack. “This attack will have consequences. We have plans, and we will operate at the place and time we decide,” said Israeli military spokesman Rear Admiral Daniel Hagari.

Hamas said the attack was retaliation for killings including Hezbollah chief Hassan Nasrallah in Beirut and Hamas leader Ismail Haniyeh in Tehran.

Hamas “blesses the heroic rocket launches carried out by the Islamic Revolutionary Guard Corps in Iran against wide areas of our occupied lands,” adding it was “in revenge for the blood of our heroic martyrs.”

Spanish Prime Minister Pedro Sanchez condemned the Iranian strikes and called for an end to the “spiral of violence” blighting the Middle East.

Foreign Minister Jose Manuel Albares said Madrid was issuing “a new call to all the actors, obviously including Israel, to show restraint and not escalation.”

French President Emmanuel Macron condemned Iran’s attacks against Israel “in the strongest possible terms,” adding that France had “mobilized” its military resources in the Middle East to counter Tehran.

Macron also demanded that “Hezbollah cease its terrorist actions against Israel and its population,” while asking Israel to “put an end to their military operations as soon as possible.”

British Prime Minister Keir Starmer condemned Iran’s attack “in the strongest terms.”

During a call with his Israeli counterpart Benjamin Netanyahu, Starmer also “expressed the UK’s steadfast commitment to Israeli security and the protection of civilians.”

Japan’s new Prime Minister Shigeru Ishiba said missile attacks by Iran on Israel were “unacceptable.”

“We will condemn this strongly. But at the same time, we would like to cooperate (with the United States) to defuse the situation and prevent it from escalating into a full-on war,” he said.

Israel bars UN secretary general

Israel declared UN chief Antonio Guterres “persona non grata” on Wednesday, accusing him of failing to specifically condemn Iran’s missile attack on Israel.

“Anyone who cannot unequivocally condemn Iran’s heinous attack on Israel does not deserve to step foot on Israeli soil,” said Foreign Minister Israel Katz in a statement.

“This is an anti-Israel Secretary-General who lends support to terrorists, rapists, and murderers,” he said.

Katz added that Guterres, who he said supported the “murderers of Hamas, Hezbollah, the Houthis, and now Iran, the mothership of global terror, will be remembered as a stain on the history of the UN for generations to come.”

Following Iran’s missile attack on Israel late Tuesday, Guterres condemned the “broadening conflict in the Middle East,” slamming “escalation after escalation” in the region.

“This must stop. We absolutely need a ceasefire,” said Guterres.

Israel has been a harsh critic of the UN, with ties between the state and the international body souring even more after the October 7 Hamas attacks.

Guterres has repeatedly called for a ceasefire to halt the fighting in both Gaza and Lebanon.

ALSO READ: Jaishankar meets Sullivan, Harris’ NSA Gordon

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Jaishankar meets Sullivan, Harris’ NSA Gordon

EAM Jaishankar has held a series of meetings with top officials of the Biden administration in Washington after addressing the UN General Assembly in New York…reports Asian Lite News

External Affairs Minister (EAM) S. Jaishankar held a “productive” meeting with US National Security Advisor (NSA) Jake Sullivan on Wednesday.

The EAM also met Philip Gordon, the NSA to Vice President Kamala Harris, the Democratic nominee for President. He is among those mentioned as Harris’ NSA if she wins.

“As always, a productive conversation on bilateral cooperation and good insights into global politics,” EAM Jaishankar wrote on X about his meeting with Sullivan.

A White House readout is awaited.

“Appreciated the conversation on our bilateral ties and various global developments,” the EAM wrote in a separate post on X after his meeting with Gordon.

Gordon had a longer post on the meeting. “Great to meet this week with Minister @DrSJaishankar of India. We took stock of important progress in the U.S.-India relationship, including our growing defense and technology cooperation. We also discussed regional security issues in the Indo-Pacific, the Middle East and Europe.”

EAM Jaishankar has held a series of meetings with top officials of the Biden administration in Washington after addressing the UN General Assembly in New York. On Tuesday, he met Secretary of State Antony Blinken.

About the EAM’s meeting with Blinken, the State Department had said that they discussed the two countries’ “enduring commitment to deepening bilateral ties, coordinating closely on regional and global challenges, and advancing cooperation on critical and emerging technologies”.

Secretary Blinken “noted” Prime Minister Narendra Modi’s August visit to Kyiv and “reiterated the importance of a just and lasting peace for Ukraine”, the Statement Department had said.

India has been talking with Moscow and Kyiv in an effort to keep the lines of communication between them open. Although New Delhi has sought to underplay its role, its efforts are attracting attention and generating interest as the only country with the ability to talk to both parties in the conflict.

They also discussed plans to expand collaboration on clean energy initiatives to address the global climate crisis.

ALSO READ: Hostage Diplomacy: British journalist says 10,000 foreigners detained across CCP

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Hostage Diplomacy: British journalist says 10,000 foreigners detained across CCP prison network

Former British journalist Peter Humphrey noted that while countries like the United States have institutional frameworks for addressing the wrongful detention of their citizens abroad, these measures have proven ineffective when dealing with the Chinese regime, a report by Rajesh Kumar Sharma

In recent years, there has been increasing attention on the detention of foreigners within China’s prison system, controlled by the Chinese Communist Party (CCP).

These detentions, which often occur under ambiguous legal circumstances, raise concerns about the transparency of China’s legal system, its use of hostages for political leverage, and the treatment of foreign nationals who are often left to navigate a complex and opaque judicial system.

Recently, a British journalist told an Australian Senate Committee that around 10,000 foreigners are currently held in the CCP’s prison system.

According to a report by The Epoch Times, at an enquirty hearing last week, former British journalist and business Peter Humphrey, who was involved with China for 50 years, shared his experience of being wrongfully detained by China’s communist regime.

Humphrey said he and his Chinese American wife were arrested in 2013 on fabricated charges of illegal “information gathering.”

At the time of their arrest, they were operating a consultancy firm focused on fraud investigation, assisting clients in mitigating risks while conducting business in China.

The couple endured two years in a Shanghai prison, which they later described as a “devastating experience.”

Humphrey was released early in June 2015 due to health complications, with his wife being freed around the same time.

Following his release, Humphrey began working with families facing the challenges of securing the release of loved ones who had been arbitrarily detained in China.

Based on his research, he estimated that approximately 10,000 foreigners were imprisoned in China, with many of them likely wrongfully detained.

Foreigners detained in China often find themselves caught in a system where the legal process can be difficult to follow.

The charges leveled against them may range from common crimes such as drug trafficking or fraud to more politically sensitive accusations like espionage or endangering national security.

In many cases, foreign nationals are not immediately granted access to legal counsel or consular support, a violation of international norms.

Recounting his experience in China, Humphrey described the judicial system under the CCP as one of oppression rather than justice.

He emphasized that every aspect of the system—police, prosecution, judiciary, prisons, and even Chinese lawyers—operates under the regime’s complete control.

“No judge is independent or impartial; they merely serve as the Party’s messengers,” Humphrey said, explaining that the system is often manipulated by influential individuals to harm those they have personal grievances against.

“Cases are built on coerced confessions, sometimes broadcast on television, and false witness statements,” he noted.

Shedding light on the harsh conditions within CCP-run prisons, Humphrey recounted how prisoners were forced to sleep on the floor in overcrowded cells and were given filthy, substandard food to eat.

He revealed that prisoners were subjected to forced labor for the prison’s commercial gain and were compelled to write “mandatory thought reports” as part of a brainwashing campaign.

Additionally, proper medical care was often withheld, even for serious conditions like cancer, Humphrey added.

Humphrey highlighted the issue of a “two-tier response” from Western countries regarding the detention of their citizens in China.

“The first tier is what I refer to as a ‘nanny and messenger service,’ where detainees receive occasional consular visits. These visits may include delivering letters, messages from home, or reading materials,” he explained.

“The second tier involves what we frequently hear from Western consular representatives during these visits: ‘Sorry, we can’t intervene in your case.’”

He expressed frustration, noting that whenever detainees request any action that the consular officials perceive as interfering with the legal process, they refuse to take further steps.

Humphrey noted that while countries like the United States have institutional frameworks for addressing the wrongful detention of their citizens abroad, these measures have proven ineffective when dealing with the Chinese regime.

He emphasized, “Western democracies need to join forces and present a united front in their approach to this issue.”

In some cases, the detention of foreigners serves as a tactic for political bargaining.

National security charges are often vague, and trials are frequently held behind closed doors.

This lack of transparency makes it difficult for the international community to scrutinize whether due process is followed.

Moreover, China’s judicial system has a high conviction rate, especially in politically sensitive cases, further exacerbating concerns over the fairness of these trials.

The use of foreign detainees as leverage in diplomatic negotiations has led to accusations that China is engaging in “hostage diplomacy.”

In such cases, foreigners are detained not solely for their individual actions but as a means of exerting pressure on their home countries.

This has been seen in multiple high-profile cases involving US, UK, Canadian, and Australian nationals.

These cases often involve accusations of spying or other threats to national security, even when evidence may be scarce or ambiguous.

The detention of foreigners across the CCP’s prison system highlights several key issues, including the lack of transparency in China’s legal processes, the use of detainees as political leverage, and concerns over human rights and fair treatment in detention.

For foreign nationals living or working in China, the threat of arbitrary detention remains a looming concern, one that underscores the broader challenges of navigating China’s complex and opaque legal landscape.

ALSO READ: China’s policy shift amid demographic crisis

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UK PM heads to Brussels for ‘first conversation’ on EU reset

The one-day trip is an opportunity for Starmer to set out what he wants a more “pragmatic and mature relationship” relationship with the EU to look like….reports Asian Lite News

Keir Starmer is under pressure to signal that he is open to a European youth mobility scheme as he travels to Brussels for the first time as prime minister. Starmer will hold his first bilateral meeting with Ursula von der Leyen, the president of the European Commission, at lunchtime on Wednesday.

The one-day trip is an opportunity for Starmer to set out what he wants a more “pragmatic and mature relationship” relationship with the EU to look like. He is under pressure from Brussels to open discussions on a scheme that would allow young people from the EU to live and work in the UK for a fixed period, and vice versa.

Senior European politicians have made it clear that developing such a scheme is their top priority. EU officials and analysts told the Guardian it had become a “token of good faith” in the relationship.

One EU official said: “The commission mainly wants to see if Starmer is willing to engage on the detail of a youth mobility scheme. If he shows a willingness to do so, that could unlock a lot of other ‘low-hanging fruit’ such as a defence deal.”

Starmer has resisted the proposals so far, telling reporters last week that he had “no plans for a youth mobility scheme”. This and the fact he has yet to have a formal meeting with von der Leyen has stunted the much-anticipated reset in UK-EU relations. The pair spoke on the margins of the UN general assembly in New York.

Anand Menon, the director of the UK in a Changing Europe thinktank, said youth mobility had become a “token of good faith” in the relationship between London and Brussels.

He said: “There is a sense of apprehension that nice talk is all there is, and when it comes to the substance either the Labour party isn’t really willing to do anything or doesn’t know what it wants. A lot of people are looking at this meeting to see if there’s any meat in the sandwich.”

Mujtaba Rahman, the managing director for Europe at the Eurasia Group, said: “I’ve been taken aback by how frustrated both sides are actually … There’s a sense on the European side that Labour raised expectations in opposition. They’ve got a stonking majority and yet the government’s rhetoric on Europe seems very unambitious.

“There’s a real sense there is no plan. Senior officials on the European side are asking, what does Labour actually want to do? The suspicion is that the principals in the cabinet – Starmer, Cooper, Reeves, Thomas-Symonds – aren’t aligned.”

A Whitehall source said Labour ministers had “accidentally boxed themselves into this position” where they opposed a youth mobility scheme for fear that it would look like a form of freedom of movement with the EU.

“When they [Labour] were in opposition they were keen not to be seen as undoing Brexit so they ruled out absolutely everything,” the source said. “In reality this only affects a really small proportion of people.”

In an interview last week, Pedro Serrano, the EU’s ambassador to London, suggested young people from Britain could do gap years in the EU an example of how the scheme could work. His remarks were interpreted as a softening in Brussels’ position, because the original proposal envisioned young people spending up to four years in the UK or EU.

Three EU diplomats said the EU had not taken a final position on the length of stay and that options ranged from three years to multiple “mini stays”.

Starmer and von der Leyen are expected to agree to a work programme aiming for a reset on some of the easier issues by next spring. The UK is pursuing closer cooperation with the EU on defence and security and mutual recognition of professional qualifications.

The prime minister will also meet Charles Michel and Roberta Metsola, the heads of the European Council and the European parliament.

In a statement before the trip, the prime minister said: “The UK is undeniably stronger when it works in lockstep with its closest international partners. This has never been more important – with war, conflict and insecurity all knocking on Europe’s door.”

“We will only be able to tackle these challenges by putting our collective weight behind them, which is why I am so determined to put the Brexit years behind us and establish a more pragmatic and mature relationship with the European Union.”

Sandro Gozi, who is expected to be elected chair of the European parliament’s UK delegation on Thursday, said: “The momentum for positive change created by prime minister Starmer’s election and a new European commission should not be wasted, but this will require boldness and flexibility from the UK government.”

The UK has an existing youth mobility scheme with a dozen countries including Australia, New Zealand, Canada and South Korea.

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