Economics · Governance · International Affairs · Law · Public Policy

The New Development Bank and the BRICS Contingent Reserve Agreement

The Leaders of the group of five BRICS nations- Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa had decided to establish a multilateral development bank and also of a reserve fund back in July, 2014 in their sixth summit at Fortaleza,… Continue reading The New Development Bank and the BRICS Contingent Reserve Agreement

International Affairs

Locking Horns with the World Trade Organization

Ever since India attained Independence in 1947, there has rarely been an incident where India had locked horns with any of the much powerful countries or international organizations. That is, until India refused to sign the WTO’s Trade Facilitation Agreement last month. India has been a part of the World Trade Organisation since January 1st,… Continue reading Locking Horns with the World Trade Organization

International Affairs · Politics · Public Policy · Strategy

Changing Russia in the Ever-changing World

Lately, the world has experienced a déjà vu of the cold war during the Ukraine Crisis. Fortunately, it did not turn out to be a proxy war of the superpowers. One of the  reasons for that was the alteration in the magnitude of Russian power. Russian Federation is no longer a superpower like its predecessor,… Continue reading Changing Russia in the Ever-changing World