After two years of intense negotiation, the BRICS leaders finally launched the New Development Bank on July 15th at the 6th BRICS Summit in Fortaleza, Brazil. The bank’s focus will be on infrastructure and sustainable development projects through loans, guarantees, credits and equity investments. The decision to share the initial subscribed capital of $50 billion and the resulting voting rights equally, reflects a commitment by the five countries to view each other with equity read more
Prime Minister Narendra Modi is attending the Sixth BRICS summit in Brazil on July 15-16. During his meeting with President Dilma Rousseff, Mr. Modi will review the bilateral relations with Brazil - with which India is committed to a strategic partnership. The Indo-Brazil partnership soared to new heights during the term of visionary Brazilian president Luiz Inácio Lula da Silva in 2003-11. But his successor, Dilma Rousseff, has given the least priority to foreign read more
At the just concluded meeting of the leaders of the BRICS nations in Fortaleza in Brazil this week, the first institution to represent the grouping was formalized, in leadership, content and physical location. The location is to be Shanghai, the content will be infrastructure and sustainable development project lending, and the presidency will vest with India. That an ambitious, $100-billion institution has been concretized by the developing world for its own needs, is good read more
“The overarching Himalayas, the monsoons and the southward flowing rivers gave the subcontinent its civilisational unity; we can prosper or self-destruct together” – Jagat S. Mehta, India’s former Foreign Secretary. The relationship between Nepal and India is often described as unique. Geographical proximity, an open border, and cultural, civilisational, historical and social bonds have intimately brought together the two sides from ancient times to the present. Except during a few short-lived phases of “hostility,” the two countries read more
News & Analysis
This paper examines the political & economic landscape of North East India and explains how diplomacy, policing and development brought peace to Assam and the North-East
In the book, The Blood Telegram, the author Gary J. Bass puts the spotlight on the “significant complicity” of U.S. President Nixon and his national security adviser, Kissinger, in Bangladesh's "forgotten genocide"
‘Asia’s Cauldron: The South China Sea and the End of a Stable Pacific’ is a pragmatic narrative by Robert D. Kaplan of the receding power of the U.S. and China’s growing dominance