10 months of a tense standoff at the Line of Actual Control in Eastern Ladakh
Agreement between India and China for an initial disengagement of troops from forward areas in the north and south banks of Pangong Tso area
Next step - military positions that prevailed before April 2020
China seems to have accepted that whatever military objectives it might have had at the start, the price of achieving them would be heavier than it had perhaps estimated.
It must be remembered that the Galwan clash, in which India lost 20 soldiers, occurred immediately after an agreement to disengage.
Order at the border
Defence Minister Rajnath Singh has said both sides will cease their forward deployments on the north and south banks of the lake in a phased, coordinated, and verified manner.
China’s Ministry of Defence announced an agreement “to start synchronised and organised disengagement”.
Both sides have agreed to a temporary moratorium on patrolling in the disputed areas north and south of the lake.
The withdrawal of armoured elements, including tanks that have been in dangerously close proximity, began on Wednesday.
All frontline personnel will subsequently be withdrawn over the next two to three weeks.
North of the lake, China’s troops will return to their base at Sirijap, east of Finger 8, while India’s troops will similarly return to their permanent base at Dhan Singh Thapa post, at Finger 3.
India previously patrolled on foot up to Finger 8 — there is no motorable road access from India’s side to areas east of Finger 4 — while China has dominated up to Finger 4, having already built a road there and enjoying superior logistics.
Disengagement pact | Tribune
There is a bitter lesson to be learnt from history too.
Back in July 1962, the then Prime Minister Jawaharlal Nehru had welcomed the ‘partial’ withdrawal of Chinese troops from Ladakh.
The euphoria didn’t last long.
Barely three months later, China invaded Indian territory.
The government’s statement about bringing in a law on cryptocurrencies
It will end the existing ambiguity over the legality of cryptocurrencies in India
Such currencies are highly volatile, used for illicit Internet transactions, and wholly outside the ambit of the state
In 2018, the RBI did send a circular to banks directing them not to provide services for those trading in cryptocurrencies.
Minister of State for Finance, Anurag Thakur: “Regulatory bodies like RBI and Sebi etc also don’t have a legal framework to directly regulate cryptocurrencies as they are neither currencies nor assets or securities or commodities issued by an identifiable user.”
This legal ambivalence has not, however, been able to prevent cryptocurrencies from having a growing clientele in India.
Smart regulation is preferable, as a ban on something that is based on a technology of distributed ledger cannot be implemented for all practical purposes.
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