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  What are the latest business news? Business news - August 2020. 1) The Madras high court fined Patanjali INR10 lakh for chasing profit by exploiting public fear by projecting a COVID-19 cure. Where actually ‘Coronil’ is not a cure but rather an immunity booster. They wanted to do marketing their products however the court permanently banned ‘Coronil’. It is nothing we all know that it is marketing by saying the product is a cure or anything else. 2) Reserve Bank of India governor Shaktikanta Das on 6 august Thursday said that  India’s forex reserves have increased by $56.8 billion to $534.6 billion in the current financial year between April to July . This is equivalent to 13.4 months of imports, he added that India’s foreign exchange reserves crossed the  $500 billion  mark for the first time in July. Our foreign exchange is growing contiguously. 3) The Indian Railways launched the first  ‘Kisan Rail’  coaches on Friday. ‘Kisan Rail’ will help for faster transportation perishable fa

CHINESE ARMY STEPS BACK

CHINESE ARMY STEP 1KM BACK FROM GALVAN VALLE



 ON LAC ,the Chinese Army gathers their tents and moved back 1 KM from Galvan Valley.
 New Delhi, 6 July, 2020
 The Chinese army has withdrawn somewhat in the border  to settle the dispute between India and China.
  The Chinese military moved back after talks exchanged  in both countries.They
agreed to strengthen communication through the special meeting  for consultations and coordination on Sino-Indian border affairs, and to improve and strengthen confidence-building measures in border areas to avoid the recurrence of incidents affecting peace and tranquility in border areas,” the Chinese statement said, quoting Wang.

"The relationship between India and China is getting critical and for that both sides should work to make the situation much better "Wang said.

“The two sides should always cling to the strategic judgement that they do not pose a threat to each other and provide each other opportunities for development, attach great importance to the critical  situation facing the current relationship between the two countries, and work together to overcome the situation  as soon as possible,” the Chinese statement said.

Wang’s statement emphasised the importance of guiding “public opinion and public will” on the ties between the two countries.


“It is hoped that India and China will act in the same direction, correctly guide public opinion and public will, maintain and promote normal exchanges and cooperation between the two countries, avoid adopting practices that expand disputes, and jointly safeguard the overall situation of China-India relations,” the statement said.

Unlike India, China is yet to release the PLA’s casualty figures it sustained during the June 15 brawl.

A senior Chinese official had told foreign diplomats last month that one of the reason Beijing hadn’t released official figures was that, it did not want to stir sentiments.

The other reason  was  the casualty numbers were low for the PLA.

 This news has come to light of the dispute between India and China since the month of May.  On June 15, where the armies of the two countries came to face each other. Now the Chinese army has moved about one km from there.    There was a churn between the forces to withdraw the soldiers continuously, in such a situation, this is being considered as the first step of this process.

 On the Line of Actual Control (LAC), the Chinese Army is about one km from the site of violence in Galvan Valley.

  sources believed that the army of both the countries have agreed on relocation and the forces which have retreated from the present location.  A buffer zone has  been built near the Galvan Valley, so that no incidents of violence can occur again.

 The Chinese army has begun to repel its tents, carts and soldiers.  This was decided in the conversation of Corps Commander Level.  According to army sources, the Chinese have gone backward  which can be seen from the Indian side.  However, China has kept its belongings far back in the Galvan Valley.  After this, there can be further talk in both the armies.

China is not greedy on Galvan, plans to capture 250 islands

 20 soldiers were martyred in Galvan valley


 There had been a tension situation between India and China since the month of May.  The Chinese Army and the Indian Army faced each other at Pangong Lake near Galvan Valley on the Eastern Ladakh border.

 In the first week of June, the conversation between the two held in first week of June  where countries military level was discussed.  But on 15 June, there was a clash in the Galvan valley, in which 20 Indian Army soldiers were martyred.  China also suffered a great loss, but never considered it.

 The words of PM Modi's speech in Leh that echoed  in Beijing's ear

 There have been many rounds

 The Indian Army spoke to the Chinese Army on 6 June, 22 June and 30 June.  In which it was said to take the present situation back to the situation before April.  India stood firm on its issue, but China did not agree.

 India also increased its deployment in response to the presence of increasing military from China across the border.  Now several troops of the Indian Army are deployed on the Ladakh border.

 PM Modi was surprised by the tour

 Last Friday, Prime Minister Narendra Modi suddenly reached Leh.  PM Modi reached Neemu Post, which was some distance away from the Ladakh border, a large number of army personnels are  present there

 PM Modi in his address gave a strong i
sign here that the time for VH expansionism is gone and the time for developmentalism has come.  China was shocked after this statement.

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