Author: India Writes Network

Modi’s China visit: Can India and China think differently?

- by India Writes Network

In the times of globalization and intertwining economic interests at regional and trans-regional levels, the cooperation and crisis management has become increasingly important for a sustainable domestic as well as external economic development and environment. No one denies the role played by confidence building measures (CBMs) in maintaining peace and tranquility along the border, avoiding conflict, and thus creating a congenial atmosphere for cooperation not only at bilateral level but also at regional and multilateral organizations. CBMs signed between India and China in 1993, 1996, 2005, 2012 and latest Border Defense Cooperation Agreement of 2013 is a pointer as most of the border negotiations have been held under the aegis of these mechanisms. However, the sensitive nature of the border has also called for ‘out of the box’ resolutions, for these have fallen short of finding a solution.
From bilateralism to multilateralism

It is owing to CBMs that India and China have struck some real convergence of interests on issues such as climate change, democratization of international financial institutions through multilateral forums such as Russia-China-India Strategic Triangle, Brazil; Russia, India, China and South Africa (BRICS); Brazil-South Africa-India-China (BASIC); the ASEAN Regional Forum (ARF); East Asian Summits (EAS); G 20 and other multilateral forums such Shanghai Cooperation Organization (SCO) and South Asia Association for Regional Cooperation (SAARC).

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Kamath, India’s banking star, to head BRICS Development Bank

- by India Writes Network

Nearly 10 months after the BRICS grouping of emerging economies firmed up the contours of a trailblazing multilateral bank for developing countries, India has named Kundapur Vaman Kamath as the first head of the BRICS Development

In a give-and-take, the leaders of the BRICS countries has decided at their summit in Fortaleza, Brazil, in July last year that the headquarters of the New Development Bank will be located in Shanghai and the first president of the bank will be an India.

The 67-year-old Kamath is the non-executive chairman of India’s second largest bank (by asset size and market capitalization), the ICICI bank and India’s third largest IT firm Infosys.

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