Spokesperson in the Ministry of External Affairs Arindam Bagchi said the two sides continue to remain in touch through military and diplomatic channels on the issue.
India, the US and several other world powers have been talking about the need to ensure a free, open and thriving Indo-Pacific in the backdrop of China's rising military manoeuvring in the region.
China is a permanent member of the UNSC while India began its two-year tenure as a non-permanent member on January 1.
The MEA said the Chinese delegation was briefed about India's priorities during its UNSC tenure in the meeting that took place in the virtual format.
While Chinese President Xi Jinping did not name any country, China's relationship with a few countries, mainly the US and India, has deteriorated badly in the recent past.
The last corps commander-level talks between the two countries were held on November 6 in Chushul.
Army said the PLA soldier is being dealt with as per laid down procedures and circumstances under which he had crossed the LAC are being investigated.
The troubles faced by the two businessmen in the state sum up the larger mess that the small traders in the export-import business are facing.
Singh said the power being asserted by China in the Himalayas and the Indo-Pacific could lead to an uncertain future of the region and the world.
China should match its words with actions when it comes to maintaining peace at the Line of Actual Control, the Ministry of External Affairs said on Friday.
Jaishankar made these comments against the backdrop of the over five-month-long border standoff between India and China in eastern Ladakh where each side has deployed over 50,000 troops.
Tensions had escalated manifold between India and China after the Galwan Valley clashes in eastern Ladakh on June 15 in which 20 Indian Army personnel were killed.
Asked specifically about the outcome of the ongoing talks during an online conclave, the external affairs minister said the 'discussions are going on and it is a work in progress.'
Ministry of External Affairs Spokesperson Anurag Srivastava said disengagement of troops is a complex process which would require mutually agreed 'reciprocal actions'.
With close to 80,000 troops concentrated in balance on both sides of the LAC, the chances of a decisive military engagement appears close to zero.