Courtesy: Gateway House
A lot has been written about the Modi-Abe equation and expectations are high from the upcoming Tokyo summit. Despite the bonhomie shared by the two leaders much work needs to be done on the civil nuclear deal as well as defence cooperation to arrive at a substantive and fruitful relationship
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: U.S. Navy photo/Journalist 1st Class Todd Macdonald
India’s invitation and the subsequent participation of the Japanese navy in the Malabar 2014 exercise is a sign of the deepening of the political-security relationship between India and Japan. However, an actual fruition of the potential requires both the administrations to be more flexible, especially on the nuclear deal and defence purchases
Courtesy: Wikipedia
India’s external affairs minister Sushma Swaraj is in Nepal this week in line with the government’s commitment to prioritise ties with neighbours. Ties between India and Nepal have not been smooth with Nepal seeking a review of the 1950 Treaty of Peace and Friendship signed between the two countries
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: Random House
‘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
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: MEA/Indian Embassy Thimphu
Narendra Modi’s first month in office has seen him deftly handle India’s neighbours, accept an invitation to visit Washington, enhance relations with Bhutan and accord due importance to China. In the same manner, Modi will also have to move quickly and firmly to reassure foreign investors of the dependability of India’s fiscal environment