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ASIAN INFRASTRUCTURE INVESTMENT BANK: A NEW BANKING ALTERNATIVE – ANALYSIS ( Source- The Eurasia Review, Author- Jayashree Sengupta/ Observer research Foundation )

Source- The Eurasia Review Author- Jayashree Sengupta/ Observer research Foundation  By all accounts, poor infrastructure is the biggest stumbling block for achieving higher economic growth. Lack of roads, highways, power, ports, airports and water has acted as the main deterrent to attracting foreign direct investment, especially in the South Asian region. The first initiative to address the needs of developing and emerging market economies for infrastructure was the establishment of the New Development Bank by BRICS in Shanghai. This was announced at Fortaleza, Brazil, in July 2014 and marked a paradigm shift in the global financial system towards a new economic order in which the role of the IMF and the World Bank will be considerably diminished. And now the creation of the Asian Infrastructure Investment Bank (AIIB) has reinforced the trend. The AIIB was announced October 24, 2014, by China along with 20 other Asian countries which signed the MoU. The bank will be fun

Welcome to the World Without the West ( Source- The National Interest, Authors- Nazneen Barma, Ely Ratner, Steven Webner)

Image credits- Wikimedia Commons/ Kremlin Source- The National Interest Author- Nazneen Barma, Ely Ratner, Steven Webner It’s become standard practice for U.S. officials to describe the future of Sino-American ties as the central drama of international politics. In early November, just ahead of President Obama’s summit with his Chinese counterpart Xi Jinping, Secretary of State John Kerry told an audience in Washington that, “The U.S.-China relationship is the most consequential in the world today, period, and it will do much to determine the shape of the 21st century.” National Security Adviser Susan Rice took to the Twittersphere shortly after touching down in Beijing in September to reiterate the oft-repeated phrase that, “Most major global challenges of 21st century cannot be addressed effectively without U.S. and China working together.” This isn’t just diplomatic courtesy; it’s a core signal of how American foreign-policy makers see the world. The dominant frami

India’s Strategic Vietnam Defense Relations ( Source- The Diplomat, Author- P.K Ghosh)

Image credits- Getty  Source- The Diplomat Author- P.K Ghosh India’s courtship of Vietnam is now overt. For instance, during the recent visit of the Vietnamese Prime Minster Nguyen Tan Dung, New Delhi not only laid out the red carpet for the visiting Vietnamese leader and the accompanying business delegation of 50 members, it took the decisive step of overtly acknowledging its assistance in modernizing Vietnam’s armed forces, much to the chagrin of China. Vietnam has its own difficult history with China. It is not surprising, then, that this emerging country is often seen as a linchpin in India’s counter-encirclement and “Look East” policies. As a consequence, New Delhi is actively courting Vietnam with defense-related offers and infrastructure deals. Providing impetus to these bilateral relations have been a flurry of senior-level official visits to and from Hanoi. The Vietnamese Communist Party General Secretary Nguyen Phu Trong visited India in November 2013, d

A Multilateral Test for Modi ( Source- The Diplomat, Author- Neelam Deo)

Image credits- Flickr/ MEA Official Source- The Diplomat Author- Neelam Deo The India-Association of South East Asian Nations (ASEAN) Summit and the East Asia Summit (EAS), both in Nay Pyi Daw, Myanmar, on November 11 and 12, are among the major geopolitically significant gatherings of world leaders this month. These interactions will demonstrate if Prime Minister Narendra Modi’s proactive engagements over the past six months, at the bilateral level and with BRICS leaders, have effectively improved global perceptions of India. After Nay Pyi Daw, Modi will head to the G20 meeting in Brisbane, and the South Asian Association for Regional Cooperation (SAARC) summit in Kathmandu. Modi will not attend the Asia-Pacific Economic Cooperation (APEC) Summit in Beijing, although India has applied for membership of the grouping. China has been the main obstacle to India’s membership, but the first-ever invitation to India to attend the summit—by Chinese president Xi Jinping in Ju

India, Iran, and the West ( Source- The Diplomat, Author- Hrishabh Sandilya)

Chabahar Port, Iran ( Image credits- Flickr/ Author- Afshin Iranpour) Source- The Diplomat Author- Hrishabh Sandilya Late in October, the Indian cabinet, led by Prime Minister Narendra Modi, made a final decision to support the Iranian Chabahar port project on the shores of the Arabian Sea. Although the news of this decision was lost to a world focused on elections and the Ebola pandemic, it remains a significant development in the context of Asian security, and embodies a confident new direction in Indian foreign policy. It also provides the West with a trustworthy partner to help with negotiations with Iran. The much-touted port project is located in Sistan and Baluchestan, Iran’s restive border province that abuts Pakistan in the south-east of the country. Not even a hundred kilometers separate Chabahar from Gwadar, another mega port project located in Pakistan’s Baluchistan region, which was completed in 2006 with Chinese support. The Pakistani government was keen

The 5 Most Powerful Armies on Planet Earth ( Source/Copy Right @ The National Interest, Author- Kyle Mizokami)

Nirbhay Cruise Missile ( Image credits- DRDO) Source/Copy Right - The National Interest Author- Kyle Mizokami  Prioritizing the five most powerful armies on Earth is not an easy task. Each country has its own unique security situation that shapes its military in general and land power in particular, accordingly. Geographic, political, diplomatic and fiscal issues all determine army size. Does it exist in a bad neighborhood like India, Afghanistan or Jordan, or a nice neighborhood like the United States, Luxembourg or Canada? Is it internally focused, externally focused or both? How much in military spending can the government afford? The end of the Cold War marked shift of hard military power eastward. The British Army is projected to drop from 120,000 in 1990 to just 82,000 in 2020. The French Army has been cut from 236,000 in 1996 to just 119,000 personnel. The most striking cuts have appeared in Germany, where the army has declined from 360,000 in 1990 to 62,00

Should India Give Up on the UN Security Council? ( Source/ Copy Right @ The Diplomat, Authors- Neelam Deo & Karan Pradhan)

UNSC Meeting Source- The Diplomat Author- Neelam Deo & Karan Pradhan In his address to the 69th United Nations General Assembly on September 27, Prime Minister Narendra Modi called for a reform of the United Nations Security Council (UNSC) to “make it more democratic and participative.” It was a thinly-veiled call for India to be made a permanent member. Modi reiterated that India was one of the founding members of the UN in 1945, and urged that the reforms be carried out in time for the international organisation’s 70th anniversary next year. He highlighted the fact that institutions must reflect 21st century realities or risk irrelevance—a challenge the UN is already failing to meet. The UNSC is the most important organ of the United Nations. It decides issues of war and peace, and has a total of 15 members. Of these, the five permanent members wield veto powers: U.S., Russia, UK, and France—the victors of World War II—and late entrant China. Since 19

India’s ‘Look East’ Policy Begins with Myanmar ( Source- The Diplomat, Author- Tridivesh Singh Maini)

Image credits- Wikimedia Commons/ Author- J.M Hullot Source- The Diplomat Author- Tridivesh Singh Maini On November 11, Indian Prime Minister Narendra Modi begins a 10-day tour of Myanmar, Australia and Fiji – his longest overseas trip to date. All eyes will be on the East Asia Summit in Myanmar, as well as the G-20 Summit in Australia. Modi will also be the first Indian prime minister to visit Australia in 28 years. But first stop in Myanmar should not be overlooked; it is important for a number of reasons. First of all, Myanmar is India’s link to Southeast Asia, and thus a crucial component of its “Look East Policy,” now also called “Act East” by the current government. Over the past two decades successive governments have made assiduous efforts to reach out to Myanmar, realizing its strategic importance, especially in the context of India’s regional ties. While the late Prime Minister Rajiv Gandhi visited the country in 1987, the real opening up toward Myanmar took