Courtesy: Wikimedia Commons
The UN and the global finance industry are making gradual but concerted efforts to align business interests and ecological sustainability. A growing number of companies are combining profit-making with social responsibility. There is still a long way to go, but the UN system has created useful mechanisms of change
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With the growth of the Islamic State and of terrorist groups in Africa and other parts of the world, global coordination to combat terrorism is imperative. Prime Minister Narendra Modi has urged the UNGA to adopt the Comprehensive Convention on International Terrorism, but divergent national interests remain a hurdle
Courtesy: U.S. Staff Sergeant Aaron Allmon
Obama’s strategy to target the IS in Syria within the framework of a U.S.-led international coalition has met with a tepid response. There are reports that the U.S may offer India a non-NATO ally status during Modi’s upcoming visit in a bid to seek greater support – a gesture that India will do well to disregard.
Neelam Deo, Director, Gateway House, talks about the significance of the position taken by NATO member countries at the recent summit in Wales. She says the increasingly acrimonious standoff between the West and Russia over Ukraine, and the stance on the Islamic State has implications for India.
Courtesy: europesworld.org
India's inclusion as a full-member will lend credibility to the Shanghai Cooperation Organisation, which until now has been dominated by China. However, until the strong differences between member nations are resolved, it will be a while before the SCO can become a multilateral force to be reckoned with
Courtesy: Food Corporation of India
India's refusal to budge on food security has resulted in the World Trade Organization’s failure to reach the first multilateral trade agreement in the last two decades. Having taken a tough stand can India take the lead, among developing countries, in reframing the power equations of globalisation?
Courtesy: Rajya Sabha TV
Historically, India has supported the Palestinian cause but today, shares strong diplomatic relations with both West Bank and Tel Aviv. India's vote at the UNHRC has provoked much debate within the country as it marks a distinct shift in the government's stand from a few weeks ago when it was reluctant to even discuss the Gaza crisis in Parliament
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: Rigues/Flickr
Recent developments at the WTO's two-day General Council Meeting that started on July 24 suggest that India will agree to sign the trade facilitation agreement only if the deal comes bundled with a permanent solution that will allow unhindered roll-out of welfare schemes such as the food security programme.
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
