Officials from India and China have held talks to review the situation in the disputed border region in eastern Ladakh and agreed to continue discussions to resolve sticking issues.
Relations between the nuclear-armed nations have remained strained since 2020 when at least 20 Indian soldiers were killed after soldiers from both sides brawled in Ladakh’s Galwan Valley, along the un-demarcated border known as the Line of Actual Control (LAC).
Beijing said four of its soldiers were killed in the deadly clash.
This was the first lethal encounter between troops of the two countries since 1962, when they fought a war over the 3,500-kilometre disputed border that both countries claim cuts into their territory.
As many as 2,000 soldiers died on each side in what was known as the Sino-Indian war and there were further clashes in 1967 and 1975.
India’s Ministry of External Affairs said officials held an online meeting on Tuesday for the 24th Working Mechanism for Consultation and Co-ordination on India-China Border Affairs and exchanged views on the situation along the LAC in the Western Sector in Eastern Ladakh.
“The two sides reviewed the situation [and] agreed that both sides should continue the discussions through diplomatic and military channels to resolve the remaining issues along the LAC at the earliest so as to create conditions for restoration of normalcy in bilateral relations,” the ministry said.
Officials agreed to hold the next round of meetings with the involvement of senior commanders to achieve complete disengagement from all friction points along the LAC, the ministry said.
India and China have held 15 meetings involving senior military commanders, the last being in March, but disputes have remained unresolved.
The meeting came amid media reports that China was constructing a second bridge across the Pangong Tso, a high-altitude lake area that both countries claim as their own.
Dozens of Chinese soldiers reportedly entered the Indian-administered side of the region in January and stopped locals from grazing their cattle.
Tens of thousands of soldiers from both sides have remained deployed at the border since the stand-off.
In March, Chinese Foreign Minister Wang Yi made the first bilateral visit since the deadly border confrontation.
After the meeting, his Indian counterpart Subrahmanyam Jaishakar reiterated that the relationship between the Asian nations cannot be normalised unless de-escalation happens along the tense Himalayan border.
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How will Gen Alpha invest?
Mark Chahwan, co-founder and chief executive of robo-advisory firm Sarwa, forecasts that Generation Alpha (born between 2010 and 2024) will start investing in their teenage years and therefore benefit from compound interest.
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Mr Chahwan says younger generations have a higher capacity to take on risk, but for some their appetite can be more cautious because they are investing for the first time. “Schools still do not teach personal finance and stock market investing, so a lot of the learning journey can feel daunting and intimidating,” he says.
He advises millennials to not always start with an aggressive portfolio even if they can afford to take risks. “We always advise to work your way up to your risk capacity, that way you experience volatility and get used to it. Given the higher risk capacity for the younger generations, stocks are a favourite,” says Mr Chahwan.
Highlighting the role technology has played in encouraging millennials and Gen Z to invest, he says: “They were often excluded, but with lower account minimums ... a customer with $1,000 [Dh3,672] in their account has their money working for them just as hard as the portfolio of a high get-worth individual.”
