But the choice test applies to India as much as to the countries it hopes will follow its lead. If BRICS genuinely widens India's menu of markets, technology partners and financing sources without deepening its dependence on any one of them, it becomes a credible model for the rest of the Global South.
India’s stand for a dollar-based system is not a rejection of BRICS alignment or unity, but it is a determined choice to act in favour of self-interest like any other founding member. The key difference is India’s position has been the most transparent of all founding members rather than standing behind the collective rhetoric.
The evidence indicates that the increase in state borrowing over the past decade is best understood as the outcome of a changing fiscal federal system rather than simply an expansion of welfare politics.
For India, delays in its strategic projects are not merely bureaucratic setbacks but a matter of national security. Colombo’s motives remain opaque, but for New Delhi, a presence in Sri Lanka’s North and East is non-negotiable.
In another positive development, Chinese authorities have also indicated to Pakistan’s top notches that they would also review the power purchase agreements (PPAs) of the independent power producers (IPPs) installed under China Pakistan Economic Corridor (CPEC) umbrella keeping in view the rising circular debt and other power sector financial woes adversely impacting the country's economy, a senior top official at Power Division told The News
The Pakistan government has decided to improve visibility of the flagship China-Pakistan Economic Corridor (CPEC), days before foreign minister’s visit to Beijing where he will discuss new priorities of the country
Pakistan Army has said that security of the China-Pakistan Economic Corridor (CPEC) has been further enhanced. On Thursday, Major General Babar Iftikhar, director general of army's media wing, the Inter-Services Public Relations, said all formations deployed for the security of CPEC have been further equipped and become more active, reports Xinhua news agency
Nabbed in a crackdown on a multi-billion hawala racket operating in Delhi-NCR, Luo Sang, alias Charlie Peng, is suspected to be an agent of the Chinese intelligence service, the Ministry of State Security (MSS)
Pakistan, in violation of international laws and defiance of its own Constitution, has given a free hand to Chinese mining companies to plunder natural resources in the occupied Gilgit Baltistan (GB) area
China’s civil aviation regulator has announced that SriLankan Airlines’ Colombo-Shanghai flight and two other airlines would be suspended after several passengers tested positive for COVID-19 on recent flights, Xinhua reported
The Chinese Embassy in Sri Lanka has replied to reports about the google map image that had emerged in social media showing multiple buildings in Hambantota spelling out ‘CHINA SW’ saying that it was initially constructed to show ‘CHINA ❤️ SLK.’
Bangladesh is in no hurry to start a late-stage human trial of a vaccine for the novel coronavirus, developed by China’s Sinovac Biotech Ltd, according to the country's top health officials
India's Income Tax Department on Tuesday mounted a search at various premises of identified Chinese entities, their close confederates and couple of bank employees
The good news on the economic front has started to roll in once again, with the latest being China-based Oryx Biotech's announcement to invest $300 million to set up a plasma fractionation plant in Bangladesh
Salman F Rahman, advisor to Bangladesh Prime Minister Sheikh Hasina, and policymakers have asked Chinese entrepreneurs to invest in the country and export products back to Beijing using the duty-free access facility
China's game plan for the stand-off along the Line of Actual Control with India in Ladakh will include a combination of pressure, deception, disinformation and continuation of its long-term expansionist policies
Oli’s anti-India posture was seen to be at the behest of Beijing as India converted the unmetalled road into a strategic road through which the Indian Army and guns can reach the Tibet plateau early, a strategic development not to China's liking, writes Jai Kumar Verma
The opposition Congress has asked the Modi government to take up, in various international fora, the issue of China building an artificial lake just upward of Arunachal Pradesh which can be a "potential water bomb" and have devastating effect on the Siang basin in the border state
The closer Pakistan slides to China, the further Balochistan inches away from Pakistan. Surging Baloch nationalism has found a new partner - a pro-freedom organisation in Sindh, which also plans to oppose the China-Pakistan Economic Corridor (CPEC) - a mammoth $62 billion infrastructure project
