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How India’s abstention from UNSC vote is different from China

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How India’s abstention from UNSC vote is different from China

India’s decision to abstain in the UN Security Council resolution on Ukraine strikes a balance between national interests and core beliefs. Predictably, the tough resolution was defeated by Russia, backed by 11 countries, with India, the United Arab Emirates and China opting to abstain.

While China also abstained, India and Beijing have contrasted their interpretations of the vote. Both countries support Ukraine’s sovereignty and territorial integrity, but China actually defends Russia’s actions.

Ambassador Zhang Jun’s Chinese statement said: “We believe that the security of one country cannot be at the expense of the security of other countries, and regional security should not be based on muscle building or even the expansion of military blocs. The legitimate security concerns of all countries should be respected. Against the backdrop of five consecutive rounds of NATO’s eastward expansion, Russia’s legitimate security demands should be taken seriously and fully addressed.”
While the United States, France and Britain are expected to push for the resolution at the UN General Assembly to ensure global condemnation of the Russian aggression, the situation in Kiev is deteriorating by the day as the Red Army invades the Ukrainian capital.

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According to a former foreign minister, India’s abstention reflects its national interest, given India’s long-standing strategic relationship with Russia and its growing proximity to China and Chinese vassals. India’s deep concern over events in Ukraine in its interpretation of the vote reflects India’s beliefs. In its statement, India called on all member states to respect the principles enshrined in the UN Charter and international law, and respect the sovereignty and territorial integrity of countries.

India abstained from voting on the UN Security Council resolution.
“China’s interpretation of the vote seems to support Russia, while our interpretation is objective and shows that it violates the UN Charter and international law. At the same time, we also leave room for diplomacy and dialogue. Our vote reserves the right to lend a helping hand. And to encourage all parties to continue to engage in options under the circumstances,” an Indian diplomat said in New York.

In its statement, the UAE also supported the resolution’s emphasis on the need to uphold the principles of international law and the UN Charter, which is more in line with India’s statement. He reaffirmed his commitment to the territorial integrity, sovereignty and independence of all UN member states, which is in turn part of the UN Security Council resolution.

“The outcome of today’s vote is a foregone conclusion, but the avenues for dialogue must be more urgent than ever, and we must pursue them together,” the Emirati diplomat told the council.

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As India made clear its position on sovereignty and territorial integrity in the Declaration of the Thirteenth BRICS Leaders’ Meeting in New Delhi on September 9, 2021, Ukrainian Foreign Minister Dmitry Kouleba called his Foreign Minister Jay Shankar on Friday evening. , discusses Ukraine and the situation in Ukraine. Indian students were quickly evacuated from the war-torn country.

The reason for India’s abstention is also part of a strategy by which New Delhi can use its good offices to bring all parties to the negotiating table in the near future, given its traditional ties to Russia and natural allies of the West, especially the US and France. , Ukrainian Foreign Minister Kuleba asked for Indian currency to Russia in a call to EAM Jaishankar to end the fighting and demand peace.

Prime Minister Narendra Modi has asked President Putin to stop the violence and called on Russia to resolve the situation through diplomacy and dialogue.

Complete News Source : HINDUSTAN TIMES

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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