Courtesy: Vito Manzari/Wikimedia Commons
A refugee policy that absolves more capable and resource rich nations of any responsibility towards transnational asylum seekers is archaic and has lived beyond its time. Keeping in mind the EU's receipt of the Nobel Peace Prize for advancing causes of peace, reconciliation, democracy and human rights, it is incumbent upon it to set new standards and reform its refugee policy
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: Flickr
Eastern Europe has seen tensions rise, increasing violence and a hardening of stands. Only the softening of the stark “either/or” choice currently being demanded by western powers as well as Russia will put an end to the precarious tightrope walking of east European governments and prevent their citizens from becoming victims of increased regional instability
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: RT.com
Talks are on in Vienna between Iran and the P5+1 to reach a settlement on Iran’s nuclear programme. The self-imposed deadline expires on July 20. However, with the U.S. insisting that Iran cut back on operational centrifuges any possibility of a comprehensive solution in the near future seems remote
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: laprensa
Over two years after American troops left Iraqi soil, the rise of the brutal ISIS is forcing a war weary U.S.to contemplate a return to the country. Amid plummeting approval ratings and divided opinions at home, President Barack Obama will have to carefully weigh the implications of a disintegrated Iraq on the U.S. and indeed, the world.
Courtesy: Gateway House
A brief visit to Stockholm for a conference provided an opportunity to the author to participate in discussions on India under Prime Minister Modi. It also opened his eyes to many India related things in the Swedish capital