Author: India Writes Network

Chinese submarine in Karachi puts spotlight on Indian Ocean games

- by India Writes Network

Reports of a Chinese submarine docking in Karachi, after having lurked past Indian waters, have the potential to raise tensions in India’s maritime neighbourhood. This is not the first time such an incident has occurred in Indian waters as similar visits by Chinese submarines were made to Colombo over the past one year. When China’s deadliest submarine the ‘Yuan Class 335’ crossed the Arabian Sea and docked in Karachi on May 22, it was enough to alert the Indian Navy and the security establishment considering that the Indian Ocean Region(IOR) is today probably the most important water body strategically for major powers of the world.

The submarine is reported to have spent a few days in Karachi, refuelling and restocking, before sailing back to China with close to 65 crew members, according to some reports. The Yuan-class submarine ‘335’, is equipped with torpedoes, anti-ship missiles and an air-independent propulsion that dramatically enhances its underwater endurance. Given these capabilities of the Chinese submarines, concerns in New Delhi are understandable.

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Terror strikes 3 continents, sparks global outrage

- by India Writes Network

A string of terror attacks struck people in three countries straddling three continents on June 26, renewing the global focus on the spread of international terrorism fuelled by anarchic warped-up ideologies. In three disparate savage strikes in Tunisia, France and Kuwait, terrorists slaughtered 66 people. The sites chosen for assaults – an American-owned chemical plant in France, a mosque in Kuwait and a seaside resort in Tunisia – ensured that dozens of civilians were killed by suicide bombers and underlined the need for concreted global action to tackle this many-headed monster.

The three strikes took place almost at the same time, after the ISIL militants called for many such operations to be carried out during the holy month of Ramazan.

The Islamic State, also known as ISIL or ISIS which recently marked the first anniversary of the establishment of the so-called caliphate, has claimed responsibility for the attacks in Tunisia and Kuwait.

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BRICS bank to start operations by July 2016: K V Kamath

- by India Writes Network

The BRICS’ signature initiative, the New Development Bank (NDB), a symbol of the grouping’s drive to recast global financial governance architecture, is expected to begin its operations and take up projects by April 2016.

NDB bank will function on the lines of world’s major financial institutions including World Bank, Asian Development Bank, and private money lenders. It will be given the same privileges as those institutions. The bank will have vice presidents from three other nations.

Speaking at the CII National Council Meeting in Mumbai on June 25, the newly appointed chief of the New Development Bank of BRICS countries K V Kamath said, “NDB has opted for a larger canvas by expanding its scope of operations to other member nations. The name of the bank was changed as new partner countries are likely to join the BRICS group of emerging economies.”

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