Courtesy: wikimedia
The fall in oil prices is creating new complexities for the energy exporting economies of West Asia. With smaller profits, these countries may not be able to buy off political dissent at home and fund client governments and rebels abroad. Lower energy prices could also mean a renewed chance for peace
The Hong Kong student protests have brought back memories of the youth uprisings in West Asia. Gateway House debates the differences and similarities of these movements that have so dramatically changed our world – and more is yet to come. From Tahrir Square in Egypt to Hong Kong, social media has been the driver for change
Courtesy:
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: Cibin Varghese
The Khilafat movement started in Mumbai nearly 100 years ago in response to the dismantling of the Caliph-headed Ottoman Empire by the Allied powers. The present revival of the office of the Caliph by the Islamic State in West Asia, although rooted in a different context, evokes this sliver of Mumbai’s history
Courtesy: Natan Flayer
There has been strong criticism of the Modi government’s tepid response towards Israel’s offensive in Gaza, with many insinuating religious reasons. However the reality is that India’s engagement with Israel has grown substantially since the two countries established full diplomatic relations in 1992.
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:
India should continue to assist Libya in its journey towards becoming a fully functional democracy. The two nations, which share deep historical ties, can come together on key issues and build a relationship of mutual faith and benefit
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