Courtesy: Cibin Varghese
The Khilafat movement started in Mumbai nearly 100 years ago in response to the dismantling of the Caliph-headed Ottoman Empire by the Allied powers. The present revival of the office of the Caliph by the Islamic State in West Asia, although rooted in a different context, evokes this sliver of Mumbai’s history
Courtesy: Natan Flayer
There has been strong criticism of the Modi government’s tepid response towards Israel’s offensive in Gaza, with many insinuating religious reasons. However the reality is that India’s engagement with Israel has grown substantially since the two countries established full diplomatic relations in 1992.
Courtesy: MEA/Government of India
Looking back at the 2008 financial crisis, when governments had to resort to bail-outs to keep economies afloat, the BRICS member countries have decided to set up a New Development Bank which will provide for a contingency fund. This initiative aims at building an alternate financial structure in terms of trade among the member states as well as creating a safety net
Courtesy: MEA/Government of India
The launch of the BRICS bank can now give the member countries confidence to experiment with other geoeconomic ambitions. Incubating a non-dollar financial architecture can be the next goal. There are existing models to build upon but India will need smart economic diplomacy to secure its interests
Courtesy: Gateway House
Prime Minister Narendra Modi’s visit to Brazil for the BRICS summit is an opportunity for India to intensify its engagement with South America and reactivate the long-dormant IBSA (India, Brazil and South Africa) grouping. This grouping is a promising partnership comprising of different models of democracies spread over three continents
Courtesy: idevie.com
The New Development Bank was formalised at the just concluded meeting of the leaders of the BRICS nations in Fortaleza in Brazil this week. The location is to be Shanghai. The more appropriate and natural choice for locating the bank would have been Mumbai. There are several reasons why
Courtesy: wikimedia/commons
Brazil is all set to host the 6th BRICS Summit from July 15. In light of the fact that most developing nations have concerns over the pro-western bent of the World Bank and the IMF, the BRICS initiative of setting up of a Development Bank needs to gain momentum and the nations should finalise the mandate on a priority basis
Courtesy: al Riyadh
Basher Assad has been voted to power in Syria in an election which is widely regarded as lacking legitimacy. This will be Assad’s third term in office and his victory is an indication of the control he continues to wield despite growing western backing of opposition groups
Courtesy: GovernmentZA/Flickr
The African National Congress party which has won its fifth consecutive victory in the elections faces a long-term challenge, both on the streets and at the ballot box. The newly formed Economic Freedom Fighters party has cut into the ANC’s base significantly in habitual strongholds like Gauteng, the economic hub
Courtesy: Rama/Wikimedia Commons
The year 2014 will witness elections in some of the biggest countries including India, Brazil and Indonesia. Like in India, the participation of youth voters is likely to be an important determinant in the outcome of the elections. Gateway House examines the presence of issues common to India and the major countries going to the polls in early 2014