Thursday at 19:00–21:00 |
| “Understanding China’s Global Ambition” | ||
| SESSION DETAILS | ||
DATE | Wednesday, August 8, 2018 | |
TIME | 5:00 PM - 6:30 PM (Registration: 04:30 PM ) | |
| LOCATION | Juniper Hall, India Habitat Centre, Lodhi Road, New Delhi: 110003 | |
| SPEAKERS | Dr. John Fitzgerald, Professor Emeritus, Centre for Social Impact-Swinburne, Melbourne, Australia Dr. Maiko Ichihara, Associate Professor at Hitotsubashi University, Japan Dr. Seungjoo Lee, Professor of Political Science and International relations, Chung –Ang University, South Korea Dr. Andrew Nathan, Professor of Political Science at Columbia University, USA | |
| CHAIR | Mr. Shivshankar Menon, Former National Security Advisor and Foreign Secretary of India | |
| ABOUT THE EVENT | ||
| China’s rapid economic, political, and strategic rise has implications for the existing world order. Two decades ago, China’s influence barely extended beyond its borders. Few predicted its emergence as an economic powerhouse with global reach. Its $1 trillion One Belt One Road initiative spanning some 60 countries is just one among many ways Beijing seeks to rework the international system in its image. What type of world does China wish to see? Where do its interests and the democratic world’s converge or diverge? How does Beijing plan to geopolitically leverage its cross-border investments and loans? What are the options facing small and medium countries who need such capital but who will struggle to avoid being entrapped by China’s wealth? Join us for a discussion on China’s strategic interests and goals in the region and the world | ||
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The gross fiscal deficit of the Central government stands at 94.7% of the actuals to budget estimates (BEs) at the end of August 2018 as compared to 96.1% of the actuals to budget estimates in the corresponding period of the previous year. The primary deficit was registered at 767.7% of the actuals to budget estimates at the end of August 2018 as compared to 1401.3% of the actuals to budget estimates during corresponding period of the previous year. Differentials in use of fiscal deficit space at the end of August 2018 vis-à-vis August 2017 (in%) Source: PHD Research Bureau, compiled from Government of India accounts, Government of India Note: The Fiscal deficit data pertains to the end of the respective month * indicates data at the end of respective financial year and are % of actuals to revised estimates The revenue receipts at the end of August 2018 of the central government stands at 26.9% of the actuals to budget estimates as compared with 27.0% of the actuals to budget estimates at the end of August 2017. Fiscal position for August 2018 vis-à-vis August 2017
Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India Note: * Data pertains to the end of the respective month. *indicates data at the end of respective financial year and are % of actuals to revised estimates The government’s market borrowing stands at 74% of the actuals to budget estimates at the end of August 2018 as compared with 87% of the actuals to budget estimates at the end of August 2017. The domestic financing stands at 94% of the actuals to budget estimates at the end of August 2018 as compared to 98% of the actuals to budget estimates at the end of August 2017. The external financing of the government stands at (-)139% of the actuals to budget estimates at the end of August 2018 as against 32% of the actuals to budget estimates at the end of August 2017. The total financing of the central government stands at 95% of the actuals to budget estimates at the end of August 2018 as against 96% of the actuals to budget estimates at the end of August 2017. Sources of financing the deficit (%) Source: PHD Research Bureau, compiled from Union Government Accounts, Government of India Note: Data pertains to the end of August 2018 vis-à-vis August 2017
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