Ufa 2015 in Numbers
16 July 2015

Ufa 2015 in Numbers

The Russian city of Ufa, capital of the Republic of Bashkortostan, played host to three major summits from July 8-10—BRICS, SCO and Russia's Eurasian Economic Union (EEU). Here are some of the characteristics and developments from the summit in numbers

Shanghai_pudong Courtesy: Wikipedia
7 July 2015

Ideas for the NDB’s institutional design

The New Development Bank initiated by BRICS countries can reform and democratise global economic governance. But to reach this goal, in this critical period when the bank is preparing to operationalise, it must formulate an innovative institutional design. This article outlines four guiding principles for such a structure

ATHENS , GREECE - MAY 1:  Greek riot police clash with protesters during May Day protests on May 1, 2010 in Athens, Greece. Thousands of protesters gathered in Athens and other Greek cities to participate in May Day rallies, angered by the harsh austerity measures demanded by the EU.  Reports suggest that the 45 billion euros ($60 billion) already pledged by the International Monetary Fund and European Union will be insufficient to tackle Greece's mounting debt crisis.  (Photo by Milos Bicanski /Getty Images) Courtesy: Milos Bicanski (Getty Images)
25 June 2015

Can Europe overcome its crisis?

With the Eurozone portion of Greece’s $276 billion bailout credit expiring on June 30, Europe is in the midst of a standoff over this unsustainable debt. But it is only the latest in a number of Eurozone crises since 2008, and if the prospects for economic growth remain dim, how will the EU address its interlocking problems?

An engineer of Oil and Natural Gas Corp (ONGC) works inside the Kalol oil field in Gujarat September 12, 2009. REUTERS/Amit Dave/Files Courtesy: Amit Dave (Reuters)
16 June 2015

Rosneft-Essar deal

Conjecture about a Rosneft-Essar deal shows how the oil market dynamics have shifted in the past few years. Just as supply security is important to oil buyers, demand security is crucial for oil suppliers. Buying refining and marketing assets in big markets like India is the route to demand security for Russia, whose economy depends on petroleum exports.

P5+1 Talks With Iran in Geneva, Switzerland Courtesy: U.S. State department/Flickr
6 April 2015

The end of the Iran nuclear journey?

With the EU, Iran, and other entities taking decisive steps on April 2 to ensure a non-nuclear Iran, President Obama must now counter interests in the U.S. that want to stymie the final agreement. But having come this far, and considering the comprehensive benefits of an agreement, all sides are sure to deliver

Normandy four talks Courtesy: MoFA/Russia
12 February 2015

‘Ukraine crisis has one winner: China’

With the crisis in Ukraine worsening, Europe seems to have realised that the solution is not military, though the U.S may push to send in arms. Although no country wants a war with Russia, the conflict over Ukraine between the West and Russia could escalate. What are the future scenarios for the region and with what global implications?

ONGC with Rosneft Courtesy: RIA-Novosti, Mikhail Klimentyev, Presidential Press Service
16 January 2015

Should ONGC buy Rosneft?

A fall in oil prices has pushed down the values of oil companies globally, giving India a rare chance to acquire assets cheap and hedge its economy against future increases in energy prices. There are plenty of plum assets to pick from—such as Rosneft, the state-owned Russian oil major