The Chinese finance ministry has confirmed the mutual troops withdrawal from Ladakh's Galwan Valley. Chinese Communist Party's mouthpiece Global Times Monday quoted the Chinese foreign ministry to confirm that the two sides have reached a positive consensus on China-India border dispute.

"Chinese State Councilor and FM Wang Yi had phone conversation with Indian National Security Advisor Ajit Doval on Sunday night. The two sides reached a positive consensus on China-India border dispute," Globa Times quoted Chinese FM as saying.

The Chinese troops have pulled back from all the four friction points, including Galwan Valley PP-14, PP-15, Hot Springs and Pangong Tso Finger areas. According to news agency ANI, the Indian Army is monitoring the disengagement of Chinese troops from these areas.

"Disengagement of Chinese troops is being monitored by the Indian side at all four friction points including the PP-14 (Galwan river valley), PP-15, Hot Springs and Finger area. The extent of withdrawal is varied at different locations," the agency quoted sources as saying.

Troops of both Indian and Chinese armies have shifted two kilometers from the site of June 15 Galwan Valley clashes where 20 Indian soldiers were killed in a violent face-off with Chinese PLA soldiers. The incident brought the two nuclear-armed neighbours on a the brink of a full-blown face-off.

However, both countries kept diplomatic channels open and asserted peaceful resolution to the border dispute. After the June 15 clashes, at least three rounds of Corps Commander-level talks were held to discuss the disengagement.

The de-escalation process was finalised during the June 30 talks between XIV Corps Commander Lt General Harinder Singh and South Xinjiang Military Region Commander Major General Liu Lin. The Chinese PLA is now well within India's perception of the LAC.

Posted By: Shashikant Sharma