
India increases exposure to US securities by $31 billion
India has increased its exposure to US government securities by USD 31 billion in the first five months of 2015, thereby taking the total holdings to USD 114 billion. India …
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India has increased its exposure to US government securities by USD 31 billion in the first five months of 2015, thereby taking the total holdings to USD 114 billion. India …
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In the wake of recent events where China has been at loggerheads with many countries in the Asia-Pacific region, reports in the state-run Chinese media have advised Asia’s largest economy …
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The new anti-terror law in Tunisia, after a series of recent terror attacks, has evoked mixed reactions. The bill has been criticised by human rights groups and has been …
Read MoreVoicing concern over the slowdown in peace process in the Middle East, India has criticised the UN Security Council for being a “standby witness” to the unsettled issue. During a …
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In what could be a big boost to the use of Renminbi (RMB) internationally, China’s currency is all set to become the first currency that the New Development Bank (NDB) …
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Assuring India that its strategic interests will not be compromised after the Maldives passed a constitutional amendment to allow foreign ownership of its islands, President Abdullah Yameen in a statement said, “The Maldivian government has given assurances to the Indian government and our neighbouring countries as well to keep the Indian Ocean a demilitarised zone”.
The statement came in the backdrop of India raising concerns over the land law amendment passed by the Maldives. The Maldives’ Vice-President Ahmed Adeeb said, “We don’t want to give any of our neighbours including India any cause for concern. We don’t want to be in a position, when we become a threat to our neighbours.” He also said Maldives was not looking at strategic projects and was looking at projects on the lines of Dubai’s Palm Islands or Singapore’s Marina Bay Sands. He criticised the opposition parties for raising concerns over the law.
Read MoreIn a suspected suicide bombing, the world’s most dreaded terrorist organisation ISIL killed around 30 people in the Turkish city of Suruc and injured more than 100. The city which …
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India’s Act East policy is not simply strategy and business. Taking a long-range view, New Delhi is planning to pitch multifarious cultural linkages to the fore as it moves to transform and reinvigorate this crucial relationship.
Ahead of the next India-ASEAN summit in Malaysia, India has underlined the importance of bolstering cultural linkages to impart a greater resonance to its burgeoning relationship with this enterprising and vibrant region.
Speaking at an international conference on “ASEAN-India Cultural Links: Historical and Contemporary Dimensions” in New Delhi on July 23, Mr Anil Wadhwa, India’s seniormost diplomat handling the region, spoke about ancient cultural linkages that bind India and Southeast Asia.
“India and ASEAN are today at the threshold of a qualitatively more substantive and reinvigorated relationship. As we work to give shape to our Plan of Action for the period 2016 to 2021, setting new goals to move the ASEAN-India Strategic Partnership forward, we not only aim to strengthen the third pillar of our engagement, i.e. the socio-cultural pillar, but also wish to bring it to the forefront of our relationship.”
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The stakes in the new game unfolding in the Indian Ocean are rising by the day. Against the backdrop of China’s growing clout and assertiveness in the region, the world’s three maritime democracies, the US, Japan and India, are set to conduct joint naval exercises in October. It’s not official yet, but senior military officials from India, US and Japan met at an American Navy base in Yokosuka, near Tokyo on July 22 to discuss the details of the forthcoming Malabar Naval exercises.
The three countries, who also hold a trilateral meeting every year, are expected to deny that the exercise is targeted at China, but Beijing will be watching closely how the Malabar exercise plays out.
While China objected to Japan’s Defence Review, it has not reacted with the same intensity so far on the proposed joint naval exercises between the three countries. The last time the exercise was held where Australia, Japan and Singapore were also invited by India to its drills with the US navy elicited such a strong reaction from Beijing that it was never held after that. The event is likely to send alarm bells ringing in Beijing, with more alliances being formed in the region against it. While China may have made inroads into the global financial system by setting up new financial institutions challenging the US, the US retains its military clout in the region, and still dominates the seas due to its naval superiority. China sees this strategy of the US as the one similar to forming groups such as NATO and a US-led security grouping in Asia-Pacific.

Predictably, Greece remains within the 19 countries’ group of the European Union that adopted the euro as their currency in 1999. Most Greeks have enjoyed being in the Eurozone. …
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