US issues sweeping new travel warning for China, Hong Kong

BEIJING – The U.S. on Tuesday issued a sweeping new advisory warning against travel to mainland China and Hong Kong, citing the risk of “arbitrary detention“ and “arbitrary enforcement of local laws.”

The advisory is likely to heighten tensions between the sides that have spiked since Beijing’s imposition on Hong Kong of a strict new national security law in June that has already been met with a series of U.S. punitive actions.

The statement warned U.S. citizens that China imposes “arbitrary detention and exit bans” to compel co-operation with investigations, pressure family members to return to China from abroad, influence civil disputes and “gain bargaining leverage over foreign governments.”

“U.S. citizens travelling or residing in China or Hong Kong, may be detained without access to U.S. consular services or information about their alleged crime. U.S. citizens may be subjected to prolonged interrogations and extended detention without due process of law,“

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IRCTC’s Offer For Sale soon; but is there still value in this monopoly play while Covid hits travel

The OFS, according to the Department of Investment and Public Asset Management (DIPAM), could see the government selling 15-20% of its stake.

Indian Railways Catering and Tourism Corporation (IRCTC) was one of the most celebrated IPO on the stock exchanges prior the sell off that shook the markets in March. The stock was listed at a price of Rs 664, a massive 101% premium to the issue price of Rs 320 per share. Further the stock went on to touch a high of Rs 1,994, which translates to over 520% gains from the issue price. Now the stock trades at Rs 1,334 per share but investors could soon get a discounted entry into the stock with the government planning an Offer For Sale (OFS) soon. However, the question remains if IRCTC stock is still attractive?

OFS could see 15-20% stake sale

The OFS, according to the Department of Investment and

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