India on Sunday congratulated China on its election as vice-president of the global money laundering watchdog, the Financial Action Task Force (FATF). That is—its election to the post of vice president at the FATF for dropping its objections to Pakistan being grey listed. This came after China and the six-member Gulf Cooperation Council (GCC) led by Saudi Arabia withdrew their objections to Pakistan being placed on the list. China and the GCC deciding to go along with a US-sponsored motion at the Paris-based FATF, news reports said, followed diplomatic moves by India and the US. China has also blocked India’s entry into the elite Nuclear Suppliers Group, despite appeals by India at the highest levels.

Source: Mint February 25, 2018 20:15 UTC