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: 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: Jnn13/Wikimedia Commons
The U.S. has not yet appointed a new ambassador to India. But this absence of urgency is less a ‘signal’ to India and more a result of factors such as a backlog of appointments awaiting approval in the Senate and candidates unwilling to accept the post only for the remaining period of the Obama administration
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: BBC
The election of Salvador Sanchez Ceren, a leftist ex-guerilla fighter, as president of El Salvador, is a reflection of the maturity and inclusiveness of the Latin American democracies. With his compassionate and pro-poor policies, Ceren has the vision and compassion needed to reduce poverty and break the vicious cycle of crime and violence which has paralysed El Salvador
Courtesy: dimoqrati.info
Recent geopolitical shifts has given birth to the very real possibility of a fractured Iraq. The on-going civil war in Syria and an unstable Iraq has renewed the call for a Kurdish nationhood. Although presented with a historic opportunity, rebel factions and authoritarian governments still present a hurdle to the quest for an autonomous Kurdish region
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.