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: IBtimes.com
On the eve of his departure to India for the fifth India-U.S Strategic Dialogue, U.S. Secretary of State John Kerry outlined a roadmap of partnership between the two countries. While mentioning some of the ongoing concerns of the U.S government, he said this was a moment to chart a new course in the bilateral relationship
Courtesy: wikipedia\commons
Four years ago, U.S. President Barack Obama announced that the India -U.S. relationship would be "one of the defining partnerships of the 21st century". However the relationship hasn’t matched up to the rhetoric and bilateral ties hit a low in 2013. Forthcoming high profile engagements between the two suggest the tide might be changing
Courtesy: Wikipedia\commons
Indian Prime Minister Narendra Modi hit all the right notes in his landmark visit to Nepal this week. Modi’s announcement of hydropower being a key area of synergy in the bilateral will help India solve its electricity shortage and also provide the country a renewable energy import from a friendly neighbour
Courtesy: Wikipedia
In his budget speech, the Indian finance minister hinted at a greater role for natural gas in India’s energy mix. The shift will help diversify our energy sources, reduce our import bills and cut pollution.
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: 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: WIkimedia\Commons
Neelam Deo, Director, Gateway House, talks about the implications of the UN tribunal’s recent ruling on the India-Bangladesh maritime boundary dispute. In this interview, she also examines how India can follow up on the decision, what it could mean for our energy imports, and how it will impact global perceptions