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Jaishankar calls for effective code of conduct for South China Sea

by Blitz India Media
July 27, 2024
in News
0
jai shankar
Blitz Bureau

New Delhi: The Sea Lines of Communication (SLOC) passing through the South China Sea are crucial for peace, stability, prosperity, and development of the Indo-Pacific Region, External Affairs Minister S. Jaishankar said at the 14th East Asia Summit (EAS) foreign ministerial meeting in Vientiane, Laos, on July 27.
Jaishankar stressed that a “substantive and effective” code of conduct should be in place that is “consistent with international law and should not prejudice legitimate rights and interest of nations not party to the discussions”.
“The EAS process completes two decades next year and India will contribute towards a stronger EAS process,” he said in a post on X, mentioning the statements he conveyed at the meeting. Jaishankar said the Act East Policy, announced at that 9th EAS, has completed a decade, and India will continue to “uphold ASEAN unity and centrality through our Act East Policy.” He also emphasised that India remains a steadfast supporter of the ASEAN Outlook on the Indo-Pacific (AOIP) and values its convergence with the Indo-Pacific Oceans Initiative (IPOI).

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New Delhi, 13 October : India’s fintech sector raised $2.2 billion in the first nine months of 2026 (January 1, 2026–September 30, 2026), up 14 per cent from $1.9 billion in the same period a year earlier, a report said. The report from data intelligence platform Tracxn Technologies Limited said funding rounds dipped from 260 to 153, adding that the funding was concentrated in a smaller number of large late‑stage rounds, with five mega‑rounds of $100 million or more accounting for $1.1 billion or 48 per cent of total capital. The report said in the first nine months of 2026, digital lending and payments topped the category rankings, while Bengaluru accounts for over three-fifths of all capital raised. On the exit side, IPOs saw a 50 per cent uptick while overall acquisitions slowed. As many as 30 companies raised their first funding round, down 49 per cent from 59 in the previous year. Series A and later rounds totalled 77, down 31 per cent from 112. Late-stage funding (Series C+, PE, and pre-IPO) led the mix, rising 95 per cent to $1.5 billion in the first nine months of 2026 — up from $751 million during the same period in the previous year. This capital surge pushed late-stage investments to 67 per cent of total market funding, the report noted. Earlier stages experienced contractions in capital and deal counts. Early-stage funding fell 33 per cent to $668 million across 52 rounds, compared to $1 billion across 82 rounds in nine months of 2025. Seed funding fell 57 per cent to $73.8 million across 76 rounds, down from $173 million across 148 rounds. New unicorns crossed the billion-dollar threshold in an average of 7.1 years after their Series A funding. Moreover, the industry saw 3 IPOs in nine months of 2026, up 50 per cent from 2 in the previous year, alongside 11 acquisitions, down 45 per cent from 20.

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