China is ready for a final settlement of its border disputes with India and prepared to invest more in the South Asian nation if trade rules are eased, Foreign Minister Wang Yi said late yesterday in New Delhi.
India and China focused on boosting economic ties in the first formal talks between the two countries holding more than a third of the world’s people since Prime Minister Narendra Modi took power in New Delhi last month.
India’s government and opposition resolved differences over legislative changes to century-old laws on buying land for industry and roads, paving the way for parliamentary approval in the session which resumes next week.
Indian Finance Minister Arun Jaitley pledged to restore investor confidence in Asia’s third-biggest economy on his first day in office after Narendra Modi unveiled the nation’s smallest cabinet in 16 years.
Indian Prime Minister Manmohan Singh agreed to a parliamentary probe into the sale of mobile-phone licenses, surrendering to three months of opposition demands that had derailed legislation and eroded investor confidence.