Courtesy: Wikipedia
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
Courtesy: Wikimedia Commons
Narendra Modi, who spent nearly two months abroad in his first year as prime minister, helped India cultivate a wide range of bilateral and multilateral relationships. But of these, it will be the middle powers that hold the key, economically and geopolitically to India’s growth and security, and Modi must continue to widen his middle powers arc
Courtesy: Wikipedia
A possible Iran nuclear deal means a longer window of lower oil prices. But the glut of oil supplies is already resulting in cutbacks to oil exploration and production spending, and will eventually lead to higher energy prices. Before that happens, India must use this opportunity to lock in prices
Courtesy: US Embassy in Pakistan
Pakistan continues to receive succour from its long-time ally, the U.S., despite blundering about in its neighbourhood unabashedly- be it through righteous indignation or through generous courtesies. The external affairs ministry needs to improve its approach towards U.S. officials who are visiting India in order to better its relation with the country.
Courtesy: MEA Flickr
If Prime Minister Modi is India's Sachin Tendulkar, External Affairs Minister is Rahul Dravid. In the past year Swaraj has quietly supporting Prime Minister Modi and ratcheted up a number of achievements, from evacuating thousands of Indians from conflict zones to leading India's engagement in the middle east.
Courtesy: MEA Flickr
The growing popularity of yoga across the world—highlighted by the International Yoga Day on June 21—is a triumph for those seeking to promote holistic knowledge systems and therapies for human well-being, and the recognition by the UN could strengthen public spending in support of such therapies across the world
Courtesy: Petroleum.nic.in
The present pessimism about India’s dipping exports is a misreading of the numbers—the country’s exports have fallen because of the lower price of petroleum, and not due to any slowdown in industrial activity or reduced demand from foreign markets
Courtesy: livemint.com
Pakistan's righteous indignation about national sovereignty—over India's Myanmar counterinsurgency program—is out of sync with the country's actions in the past. Experiences from history serve as proof
Courtesy: Amit Dave (Reuters)
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.
Courtesy: Inquisitr.com
The government's media rhetoric and aggrandisement is doing more harm than good to its reputation. It seems intent upon proving right the age-old adage, pride goes before a fall.