important article son finance

8/11/2019 Important Article son finance

1/12

Finance Minister Arun Jaitley to

launch enhanced 'single window'

website for taxpayersThe website will be more more user-friendly and robust, so that it can handle many hits at atime.

Taxpayers will now be able to perform their I-T related works like filing returns or applying for a PAN

card from an enhanced single website to be launched tomorrow by Finance Minister Arun Jaitley.

An updated version of the existing website of the Income Tax department-- www.incometaxindia.gov.in--

will now be acting as a "single window" for all activities and online services offered by the I-T department,

officials said.

The website will be more more user-friendly and robust, so that it can handle many hits at a time.

"The new website will have enhanced features and will be more customer friendly.

The taxpayers will be able to file their I-T returns online and even apply for a PAN from this portal which

was till now hosted on a different official web address of the department.

"The spruced up website is more robust and can handle the pressure of numerous hits at one time," an

official said.

It will also be more colourful with different icons marking separate activities as compared to the earlier

version which only had two dominant shades of dark blue and white.The website will also allow taxpayers to know about the I-T Act, various notices and circulars being issued

from time to time and regular developments in the department.

The Central Board of Direct Taxes (CBDT) had envisaged such a website in its ambitious 'Vision 2020'

document prepared a few years back and the new website will be a culmination of efforts to give better

services to taxpayers, they said.

Jaitley will launch the enhanced portal tomorrow by the click of a button from his office in North Block

here in the presence of senior officials of CBDT and I-T department.


2/12

GST implementation from April 2016 feasible:Official

New Delhi, Sep 20 (IANS) The implementation of goods and services tax (GST) from April 1,

2016, could be feasible and depends on how fast pending issues are resolved, Revenue SecretarySakti Kanta Das said Saturday.

"The deadline for actual implementation of GST from April 1, 2016, would be feasible. It all

depends on how quickly we are able to reach consensus on critical issues," he said at an event

here.

The implementation of GST, which aims subsuming most of the indirect taxes in the central and

state levels, at has been pending since 2006, with states proposing to keep some items like

petroleum, tobacco and alcohol out of its ambit.

"The discussions are at a very critical stage and we hope to make very good progress. We are

quite optimistic we will be able to reach convergence in the coming weeks or months," Das said.

On the compensation front, the states have sought a five year compensation mechanism from

the central government.

There are four to five issues with the states that are outstanding, Das said, adding that there

were discussions on each in the recent weeks.

"We hope and we are quite optimistic that we will be able to resolve in the coming months,

which will enable the government to introduce the constitutional amendments in parliament,"he added.

Yahoo Is Both Winner and Loser inAlibaba's IPOYahoo! (YHOO)is having a heck of a day. The company just sold achunk ofAlibaba(BABA)stock as part of that companys initial public

offering that was worth a cool $9 billionas much as Yahoo hasmade in revenue over the last two years. At the same time, the valueof Yahoos remaining Alibaba stock climbed to about $37 billion (thecompany owns about 401 million shares). But Yahoos own stocklost 3.5 percent of its value, or $1.5 billion in total market cap,dropping the company to an overall valuation of $40.4 billion.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=YHOOhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=YHOOhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=YHOOhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BABAhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BABAhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BABAhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=BABAhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=YHOO


3/12

These things are related. For years, Yahoos large stake in Alibabamade it the best way for American investors to get a piece of theChinese e-commerce company. Now you can invest directly in

Alibaba, and you dont haveto be saddled with the Yahoo assets,

says Laura Martin, an analyst at Needham, which has a hold ratingon Yahoos stock. Not everyone swapped out their Yahoo sharestoday, she says, but many did, and more will in the days to come.

Yahoo has said that it will send at least half of the cash it makesfrom the Alibaba sale back to shareholders. Once it has done so,there will be one less reason for Yahoo investors to stick around.

Several people have suggested that the market has so undervalued

Yahoos core business that it could be aprime acquisition targetmaybe even for Alibaba itself.(Bloomberg TVs Emily ChangaskedAlibaba founder Jack Ma about acquiring Yahoothis morning; hedemurred.)

VIDEO: How to Get In on the Alibaba Action with ETFs

Yahoo will still have plenty of cash to give it a go on its own. Much ofthis, presumably, will go toward buying smaller companies, addingto the43 acquisitionsthe company has made since the beginning of2013. Chief Executive Marissa Mayer has boasted that Yahoo as a

whole has seen traffic rise, but its yet to make a difference to thebottom line. Yahoos revenue last quarter was lower than it was ayear earlier (and, in fact, lower than its revenue in thecorresponding period for every year since 2004). Its share of thedigital advertising market isset to drop to 2.5 percent in 2014,according to EMarketer.

Yahoos investment in Alibaba has given it an opportunity to turnitself around, first with years of financial cushioning, now with a bigchunk of cash. Few companies ever get the luxury of both time andmoney. If Mayer cant make this work, shes got no one to blame butherself.
http://www.forbes.com/sites/ericjackson/2014/07/21/the-case-for-apple-facebook-microsoft-or-google-buying-yahoo-now/http://www.forbes.com/sites/ericjackson/2014/07/21/the-case-for-apple-facebook-microsoft-or-google-buying-yahoo-now/http://www.bloomberg.com/video/alibaba-ipo-will-it-use-proceeds-to-buy-yahoo-CsIO2qedQ1WfNFUz7U0nVA.htmlhttp://www.bloomberg.com/video/alibaba-ipo-will-it-use-proceeds-to-buy-yahoo-CsIO2qedQ1WfNFUz7U0nVA.htmlhttp://www.businessweek.com/videos/2014-09-19/ma-alibaba-to-consider-anything-to-aid-small-businesshttp://www.businessweek.com/videos/2014-09-19/ma-alibaba-to-consider-anything-to-aid-small-businesshttp://www.businessweek.com/videos/2014-09-19/ma-alibaba-to-consider-anything-to-aid-small-businesshttp://www.businessweek.com/videos/2014-09-19/ma-alibaba-to-consider-anything-to-aid-small-businesshttp://www.businessweek.com/videos/2014-09-12/how-to-get-in-on-the-alibaba-action-with-etfshttp://www.businessweek.com/videos/2014-09-12/how-to-get-in-on-the-alibaba-action-with-etfshttps://www.cbinsights.com/blog/yahoo-acquisitions-alibaba-2014/?utm_content=bufferd73f4&utm_medium=social&utm_source=twitter.com&utm_campaign=bufferhttps://www.cbinsights.com/blog/yahoo-acquisitions-alibaba-2014/?utm_content=bufferd73f4&utm_medium=social&utm_source=twitter.com&utm_campaign=bufferhttp://www.emarketer.com/Article/Microsoft-Surpass-Yahoo-Global-Digital-Ad-Market-Share-This-Year/1011012http://www.emarketer.com/Article/Microsoft-Surpass-Yahoo-Global-Digital-Ad-Market-Share-This-Year/1011012http://www.emarketer.com/Article/Microsoft-Surpass-Yahoo-Global-Digital-Ad-Market-Share-This-Year/1011012http://www.emarketer.com/Article/Microsoft-Surpass-Yahoo-Global-Digital-Ad-Market-Share-This-Year/1011012https://www.cbinsights.com/blog/yahoo-acquisitions-alibaba-2014/?utm_content=bufferd73f4&utm_medium=social&utm_source=twitter.com&utm_campaign=bufferhttp://www.businessweek.com/videos/2014-09-12/how-to-get-in-on-the-alibaba-action-with-etfshttp://www.businessweek.com/videos/2014-09-19/ma-alibaba-to-consider-anything-to-aid-small-businesshttp://www.businessweek.com/videos/2014-09-19/ma-alibaba-to-consider-anything-to-aid-small-businesshttp://www.bloomberg.com/video/alibaba-ipo-will-it-use-proceeds-to-buy-yahoo-CsIO2qedQ1WfNFUz7U0nVA.htmlhttp://www.forbes.com/sites/ericjackson/2014/07/21/the-case-for-apple-facebook-microsoft-or-google-buying-yahoo-now/


4/12

Alibaba shares close 38 percent above initialasking price on NYSE

London, Sep 20 (ANI): Chinese Internet giant Alibaba's shares closed significantly above their

initial price on the New York Stock Exchange (NYSE) on Friday, ending 38 percent above theirinitial asking price.

Shares in the company made their debut in the US at 92.70 dollars, after being priced at 68

dollars late on Thursday. They ended at 93.89 dollars, 38 percent above the initial asking price.

More than 100 million shares were traded in the minutes after the stock was launched, more

than Twitter. Earlier in the day, founder and chairman Jack Ma rang the opening bell, The BBC

reported.

The NYSE was festooned with Alibaba's orange and white logos to herald its arrival on public

markets. The company raised nearly 21.8 billion dollars in its share sale, indicating strong

investor appetite for China's e-commerce giant.

Alibaba is now valued at 231.4 billion dollars, making it significantly larger than Amazon and

Facebook. If the Chinese giants' bankers decide to take up an option in which they can purchase

48 million shares themselves, then Alibaba's launch will have raised nearly 25 billion dollars,

breaking the previous 22.1 billion dollars record set by China's Agricultural Bank in 2010.

Currently Alibaba's single largest shareholder is Japan's Softbank, which holds a 32 percent

stake. US search giant Yahoo also has a stake, the report added. (ANI)

Alibaba shares surge 46 percent in their debut

REUTERS - Alibaba Group Holding Ltd's shares rose as much as 46 percent in their first day of

trading on Friday, lifting the Chinese online retailer's value to $244 billion.

The company's initial public offering, on track to be the biggest ever if underwriters exercise

their option to sell more shares, will help fund Alibaba's expansion in the United States and

elsewhere.

The sale raised more than $8.2 billion for the company after fees for underwriters, and about

$13 billion for major shareholders.

Alibaba's shares were trading at $99 on the New York Stock Exchange at 11:58 a.m. ET, versus

the IPO price of $68.

(Reporting by Tanya Agrawal; Editing by Saumyadeb Chakrabarty)


5/12

Sensex, Nifty range-bound around record highs

Mumbai, Sep 20 (IANS) Healthy buying by foreign and domestic investors on the back of as the

US Fed announcement of maintaining a near zero percent interest rates even after the end of itsbond-buying programme ends helped markets to remain range bound to 27,000-point mark in

the week ended Sep 19.

The over positive sentiment coupled with expectations of further reforms helped the Indian

equities markets to remain high.

"Markets are in a consolidation mode with benchmarks remaining almost flat during the week.

However, markets have sustained at near all-time highs, which reflects the strength of the

market," said Dipen Shah, head- private client group research, Kotak Securities.

"There was relief on the US Fed not giving any indications of an early increase in interest rates.

In these times, when market sentiment is strong and small and midcaps are making new highs,

our advice to investors would be to remain discrete and look to stay invested in quality

companies with good management track record."

The benchmark Sensex gained marginally by 1.12 percent in the week ended Sep 19 from its

previous weekly close on Sep 12. The index closed at 27,090.42 points, while it ended trade at

26,816.56 points on Sep 12.

The benchmark Sensex gained marginally by 0.02 percent in the week ended Sep 12 from its

previous weekly close on Sep 5. The index closed at 27,061.04 points, while it ended trade at

27,026.70 points on Sep 5.

The FPIs bought shares worth $354.24 million or Rs.2,159.67 crore during the week ended Sep

19, according to data with the National Securities Depository Limited (NSDL).

For the week ended Sep 12, the FPIs had bought shares worth $445.32 million or Rs.2,693.02

crore, which helped propel the Indian equities market to subsequent new highs.

The foreign institutional investors (FIIs) along with sub-accounts and qualified foreign investors

have been clubbed together by market regulator Securities and Exchange Board of India(SEBI)to create a new investor category called FPIs.

The FPIs had remained net buyers Friday. They bought shares worth $25.31 million, or

Rs.154.53 crore, on Sep 19.


6/12

On Friday, the 30-scrip Sensitive Index (Sensex) of the S&P Bombay Stock Exchange (BSE),

which opened at 27,139.39 points, closed trade at 27,090.42 points, down 21.79 or 0.08 percent

from the previous day's close at 27,112.21 points.

Major Sensex gainers on Friday included Tata Consultancy Service (TCS), up 2.71 percent at

Rs.2,708.05; Maruti Suzuki, up 1.29 percent at Rs.3,084.95; Cipla, up 1.22 percent at Rs.627.80;

HDFC, up 1.08 percent at Rs.1,065.30; and Wipro, up 0.98 percent at Rs.586.65.

Major Sensex losers on Friday included Larsen and Toubro, down 2.51 percent at Rs.1,535.30;

ONGC, down 2.26 percent at Rs.405; State Bank of India (SBI), down 1.92 percent at

Rs.2,568.50; Hindustan Unilever, down at 1.73 percent at Rs.737.55; and Hero MotoCorp, down

1.57 percent at Rs.2,951.05.

FPIs continue to invest in Indian markets

Mumbai, Sep 20 (IANS) Foreign Portfolio Investors (FPIs) continued to buy into the Indian

equities market in the week ended Sep 19, buoyed by the US Fed announcement that it will

maintain interest rates to near zero for a "considerable time" even after its bond-buying

programme ends, as also stable government policies.

The foreign institutional investors (FIIs) along with sub-accounts and qualified foreign investors

have been clubbed together by market regulator Securities and Exchange Board of India (SEBI)

to create a new investor category called FPIs.

The FPIs bought shares worth $354.24 million or Rs.2,159.67 crore during the week ended Sep19, according to data with the National Securities Depository Limited (NSDL).

For the week ended Sep 12, the FPIs had bought shares worth $445.32 million or Rs.2,693.02

crore, which helped propel the Indian equities market to subsequent new highs.

"With the US rate rise possibilities becoming a more distant reality, emerging economies

including India can expect to keep their hot monies "hot" for some more time," said Debopam

Chaudhuri, chief economist, ZyFin Research.

"This is critical for India under current circumstances when the domestic economy is

undergoing a healing process."

The FPIs had remained net buyers Friday. They bought shares worth $25.31 million, or

Rs.154.53 crore, on Sep 19.

Expectations of stable growth coupled with an overall expectation of a further reform push by

the new government have led to positive investor sentiments.


7/12

Gold down, silver hits four-year low on strongdollar, equities

NEW YORK/LONDON (Reuters) - Gold fell on Friday to its lowest price since January, and

silver slumped to a four-year low as the dollar soared to its highest against the euro in four years

on bets that U.S. interest rates will rise sooner than expected.

The dollar rose against a basket of currencies, on track for its 10th straight week of gains.

[FRX/]

The S&P 500 equities index rose to an intraday record high, as Alibaba Group Holding Ltd's

shares surged in their first day of trading in what looks likely to be the largest IPO in history.

[.N]

"It's the same story since last week. Gold is under pressure with the dollar at an extremely lofty

level, U.S. equities at all-time high, and expectations that U.S. interest rates will rise eventually,"

said David Meger, director of metals trading at brokerage Vision Financial.

Spot gold was down 0.5 percent at $1,218.46 an ounce by 11:52 a.m. EDT (1552 GMT). The

session low of $1,214.29 was the lowest since Jan. 2.

For the week, gold was on track for a near 1 percent drop.

U.S. COMEX gold futures for December delivery slid $7.80 to $1,219.10.

Economic optimism has sapped gold's safe-haven appeal. U.S. economic activity rose less than

expected in August, but was still consistent with a moderate expansion, The Conference Board

said on Friday.

Among other precious metals, silver was down 2.5 percent to $18.01 an ounce. It touched

$17.81, its lowest since August 2010.

Technical selling after silver broke below the $18 level accelerated the metal's drop, traders said.

Platinum dropped 0.7 percent to $1,333.75 an ounce and palladium fell 2.1 percent to $810 an

ounce.

(Additional reporting by A. Ananthalakshmi in Singapore; Editing by Mark Potter, Clara

Ferreira Marques and David Gregorio)


8/12

Another China-Japan Fight, ThisTime Over Condoms

Will the indignities suffered by Japan Inc. never end? A dayafter Sony (SNE), which has been struggling to compete insmartphones and televisions against such upstart Chinese brands asXiaomi and Hisense Electric (600060:CH), announced it wouldpost a netloss of 230 billion yen($2.1 billion) in the current fiscal year, aChinese company filed a lawsuit against another champion ofJapanese industry,Okamoto Industries (5122:JP).Okamoto, like Sony, is a powerhouse with a proud history ofinnovation. Sony had the Walkman and the Trinitron; Okamoto hasthe Crown and theBig Boy,two of the companys brands ofcondoms. What Sony was to Japanese consumer electronics,Okamoto still is to Japanese safer sex. Okamoto has been pursuing

and challengingan ultimate Nothing-like feelingover 75 years, thecompany says on its website, pushing the boundary by the worldsmost advanced technology.

How advanced is that technology? Okamoto boasts on its websitethat, when it comes to comfort and size, nobody does it better. Itscondoms are softer than others, it says on its website, addinghelpfully that any doubters should give its products a try byswelling up the condoms by yourself. The condoms are not onlysoft; they are also lithe: Okamoto is able to manufacture the worldsthinnest latex condoms which conform to the requirements of ISO4074:2002, according to the company.
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SNEhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SNEhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SNEhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=600060:CHhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=600060:CHhttp://www.bloomberg.com/news/2014-09-17/sony-forecasts-wider-full-year-loss-on-smartphone-competition.htmlhttp://www.bloomberg.com/news/2014-09-17/sony-forecasts-wider-full-year-loss-on-smartphone-competition.htmlhttp://www.bloomberg.com/news/2014-09-17/sony-forecasts-wider-full-year-loss-on-smartphone-competition.htmlhttp://www.okamoto-inc.jp/en/history/history_03.htmlhttp://www.okamoto-inc.jp/en/history/history_03.htmlhttp://www.okamoto-inc.jp/en/history/history_03.htmlhttp://okamoto.com.hk/portfolio/big-boy/http://okamoto.com.hk/portfolio/big-boy/http://okamoto.com.hk/portfolio/big-boy/http://www.okamoto-inc.jp/en/products/condom/index.htmlhttp://www.okamoto-inc.jp/en/products/condom/index.htmlhttp://www.okamoto-inc.jp/en/products/condom/index.htmlhttp://www.okamoto-inc.jp/en/products/condom/index.htmlhttp://www.okamoto-inc.jp/en/products/condom/index.htmlhttp://okamoto.com.hk/portfolio/big-boy/http://www.okamoto-inc.jp/en/history/history_03.htmlhttp://www.okamoto-inc.jp/en/history/history_03.htmlhttp://www.bloomberg.com/news/2014-09-17/sony-forecasts-wider-full-year-loss-on-smartphone-competition.htmlhttp://www.bloomberg.com/news/2014-09-17/sony-forecasts-wider-full-year-loss-on-smartphone-competition.htmlhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=600060:CHhttp://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=SNE


9/12

Theres the rub. A Chinese company, Guangzhou Daming UnitedRubber Products, says no, it makes the worlds thinnest condomsthe Aoni ultrathin 001.Guinness World Recordsconfirms that claim,having verified last year that Daming United makes condoms with

an average thickness of just 0.036 millimeters, or 0.001417th of aninch. The China Dailyreports today that Daming Unitedhas filed alawsuit against Okamoto,challenging the Japanese manufacturerfor saying its condoms are the thinnest.

Victor Chan, Guangzhou Damings managing director, didntimmediately respond to requests for comment, while Okamoto toldBloomberg it had not yet received notice of the lawsuit so wouldrefrain from commenting. So far, though, the threat of litigation

hasnt deflated Okamotos stock price: The companys shares havegone up nearly 30 percent this year and are trading near their 52-week high. In the April-to-June quarter, net profit increased 24.7percent year on year, to 1.1 billion yen, on sales of 17.8 billion yen.

Return of the $3 Gallon? U.S GasPrices Are Falling Fast

Here is the price of gasoline in the U.S. so far this year:
http://www.guinnessworldrecords.com/world-records/1000/thinnest-latex-condomhttp://www.guinnessworldrecords.com/world-records/1000/thinnest-latex-condomhttp://www.guinnessworldrecords.com/world-records/1000/thinnest-latex-condomhttp://www.chinadaily.com.cn/china/2014-09/19/content_18624879.htmhttp://www.chinadaily.com.cn/china/2014-09/19/content_18624879.htmhttp://www.chinadaily.com.cn/china/2014-09/19/content_18624879.htmhttp://www.chinadaily.com.cn/china/2014-09/19/content_18624879.htmhttp://www.chinadaily.com.cn/china/2014-09/19/content_18624879.htmhttp://www.chinadaily.com.cn/china/2014-09/19/content_18624879.htmhttp://www.guinnessworldrecords.com/world-records/1000/thinnest-latex-condom


10/12

The national average price of regular unleaded, now at $3.38 agallon, is down 8 percent from the end of June. Tom Kloza, chief oilanalyst at GasBuddy.com, thinks this year will bring the cheapestautumn gasoline prices since 2010. Last year drivers spent $40

billion at the pump in September, and Kloza thinks that bill will beat least $2 billion lower in 2014. The savings at the pump shouldhelp stimulate consumer spending in other parts of the economy.

Gas prices are cheapest in the South and highest in the Northwest.Shale oil being produced in North Dakota and Texas has had aneasier time traveling south and east, while fewer trains have headed

west, across the Rockies and into Washington and Oregon (thoughthat isstarting to change). Still, its a big difference. The averagegasoline price outside Little Rock, Ark., is $3.05; near Seattle, its$3.87.

This all starts with the price of oil, which makes up66 percentof thecost of a gallon of regular gasoline. International crude prices have
http://www.businessweek.com/articles/2014-08-20/public-data-sheds-light-on-secret-rail-movements-of-crude-oilhttp://www.businessweek.com/articles/2014-08-20/public-data-sheds-light-on-secret-rail-movements-of-crude-oilhttp://www.businessweek.com/articles/2014-08-20/public-data-sheds-light-on-secret-rail-movements-of-crude-oilhttp://www.eia.gov/petroleum/gasdiesel/http://www.eia.gov/petroleum/gasdiesel/http://www.eia.gov/petroleum/gasdiesel/http://www.eia.gov/petroleum/gasdiesel/http://www.businessweek.com/articles/2014-08-20/public-data-sheds-light-on-secret-rail-movements-of-crude-oil


11/12

fallen 16 percent since the end of June, and U.S. prices havedropped more than 11 percent. Different parts of the country usedifferent sources of oil to make gasoline. Most imported blends oflight, sweet crude no longer come into the U.S. Gulf Coast, by far the

biggest refinery base in the U.S.

Refiners are also getting ready to switch to the winter blend ofgasoline, which is cheaper to produce but fetches lower prices. Overthe last three years, the price of gasoline from September toNovember has fallen by an average of more than 30 a gallon. If thattrend continues in 2014, it could put prices in some parts of thecountry below $3.

Unexpected events could always shake the oil marked. With the U.S.and its allies planning to step up attacks on ISIS this fall, oil pricescould certainly spike by the end of the year. As long as U.S.production keeps rising, however, it should help keep prices incheck.

India, China sign 12 agreements


12/12

NEW DELHI, SEPT 18:India and China today exchanged 12 documents, including one on five years economic and tradedevelopment plan.

An agreement on audio visual co-production, two documents on railways, another document on workplan for drug administration and an MoU on culture were exchanged between the two countries.

An MoU on peaceful use of outer space and a twinning agreement between Shanghai and Mumbai werealso signed.

Prime Minister Narendra Modi said that Chinese President Xi Jinping has assured that he will takeconcrete steps to correct the trade imbalance and give more market access and investment in China.

Modi has invited Chinese investments especially in Infrastructure. China has committed to invest $20billion in five years.

Concrete steps on railways were also discussed between Modi and Jinping.

Modi said that China has agreed to allow new route from Nathula to Kailash Mansarovar. This will also beusable during rains.

The Prime Minister has expressed concerns over what happened at the borders. Both of them discussedopenly and touched on difficult issues, he said, adding that boundary issues will sorted out soon.

Modi told the Chinese President that clarification on line of control can help. He says that this has beenstopped for several years and should begin again.

The Prime Minister added that in connection with regional connecivity, the BCIM (Bangladesh, China,India and Myanmar) trade corridor was also discussed.

important article son finance

Documents