BRICS - 2016 GOA, INDIA (News and Discussion)

[ezsasa]

For first two years modi's international outreach was focussed on economy. Current year and the next will probably be focussed on terrorism, as it is pretty evident in the speeches modi is giving all around the world.

I wonder what will be the focus topic in last year of term....

 

[sorcerer]

BRICS NDB To Issue First Indian Rupee Bond Worth Up To $500 Mn in 1Q17

The BRICS-created New Development Bank is to issue the first Indian rupee bond in the first quarter of 2017.
GOA — The BRICS-created New Development Bank (NDB) intends to issue the first Indian rupee bond worth up to $500 million in the first quarter of 2017, NDB President Kundapur Vaman Kamath told Sputnik on Sunday.

"We will do our first rupee bond issue, masala bond issue [a financial instrument allowing to raise funds from overseas in Indian rupee] in the first quarter of the coming year with the issue size of USD 250-500 mln. After India, it will be Russia and South Africa. India has the offshore market that is developed for rupee and we could tap into that," Kamath said.

According to Kamath, local currency financing is critical for the NDB development.

"Our project pipeline is ready for local currency funding," he said.
In July, the NDB did its first bond issue in China in renminbi.

The NDB was created in July 2014 by the BRICS member states — Brazil, Russia, India, China and South Africa — to mobilize resources for infrastructure and sustainable development projects.
Source>>

 

[Nicky G]

For first two years modi's international outreach was focussed on economy. Current year and the next will probably be focussed on terrorism, as it is pretty evident in the speeches modi is giving all around the world.

I wonder what will be the focus topic in last year of term....

Frankly, I am surprised, pleasantly so, that we are pushing the anti-terror agenda with such a singular focus of isolating Pak (or making the cost of Chinese defence of Paki terror as costly as possible).

BRICS is an economic platform, not a security one - thus, our PM's push was all the more significant. We have clearly outlined that terror is the single most pressing threat for us and the region, if not the world.

For focus though, the last year has to be much more internally focused if he intends to retain power. I expect much fewer trips abroad.

 

[ezsasa]

Frankly, I am surprised, pleasantly so, that we are pushing the anti-terror agenda with such a singular focus of isolating Pak (or making the cost of Chinese defence of Paki terror as costly as possible).

BRICS is an economic platform, not a security one - thus, our PM's push was all the more significant. We have clearly outlined that terror is the single most pressing threat for us and the region, if not the world.

For focus though, the last year has to be much more internally focused if he intends to retain power. I expect much fewer trips abroad.

There is a international forum in Paris this month, definition of terrorism is going to be discussed there. Maybe all this is buildup to that.

I am assuming that next stage would be that modi will be pushing for economic penalties on terror sponsoring countries.

 

[Nicky G]

There is a international forum in Paris this month, definition of terrorism is going to be discussed there. Maybe all this is buildup to that.

I am assuming that next stage would be that modi will be pushing for economic penalties on terror sponsoring countries.

Balochistan atrocities are going to play significantly in such a forum. We should, if possible, provide a platform of Balochis to give account of the actions of the Paki military establishment. We need to be careful to term it as state terror and not necessarily freedom movement.

Economic penalties followed by sanctions should be the next step. Again, we need to be careful how we frame this as the last thing we want is anything coming back on us, particularly with the Chinese backing them.

 

[OneGrimPilgrim]

after "terrorism should not be linked to religion", comes to you in a brand new season...

TERRORISM SHOULD NOT BE LINKED TO ANY COUNTRY

 

[A chauhan]

after "terrorism should not be linked to religion", comes to you in a brand new season...

TERRORISM SHOULD NOT BE LINKED TO ANY COUNTRY

With this attitude China itself will be linked with Terrorism in the near future, if they don't correct it.

 

[OneGrimPilgrim]

With this attitude China itself will be linked with Terrorism in the near future, if they don't correct it.

china is contended with its present status, of financier of rogue & terrorist states.

 

[sorcerer]

china is contended with its present status, of financier of rogue & terrorist states.

China will have a problem in the near future..
Remember how pakistan was sooo FOND of United States and then they tried to milk USA for money and weapons.. because pakistan has NO other option.
pakistan build the conditions using terrorism as a state asset that Afghanistan was made a powerful leverage against USA in the region.

Later..we know how it all turned out !!!...pakistan hates US to the core now so that their diplomats are making "public statements" on US as a weak power.. Its ridiculous at many levels including the level that pakistan , an under nourished state on all counts is sitting on the shoulders of china to sling that mud at US.

Now what we see with china is the repeat of what happend to USA.
Once china has enough investment LOCKED UP in pakistan...(remember chinese companies are building and operating their investments in pakistan for a looooong time) chinese investments are at the mercy of pakistan security establishment.

Once pakistan gets and upper hand against terrorists with china..pak will ensure that East Turkestan becomes a viable leverage against china also with the investments of chinese companies in pakistan.

This is how it will be played out..

 

[OneGrimPilgrim]

China will have a problem in the near future..
Remember how pakistan was sooo FOND of United States and then they tried to milk USA for money and weapons.. because pakistan has NO other option.
pakistan build the conditions using terrorism as a state asset that Afghanistan was made a powerful leverage against USA in the region.

Later..we know how it all turned out !!!...pakistan hates US to the core now so that their diplomats are making "public statements" on US as a weak power.. Its ridiculous at many levels including the level that pakistan , an under nourished state on all counts is sitting on the shoulders of china to sling that mud at US.

Now what we see with china is the repeat of what happend to USA.
Once china has enough investment LOCKED UP in pakistan...(remember chinese companies are building and operating their investments in pakistan for a looooong time) chinese investments are at the mercy of pakistan security establishment.

Once pakistan gets and upper hand against terrorists with china..pak will ensure that East Turkestan becomes a viable leverage against china also with the investments of chinese companies in pakistan.

This is how it will be played out..

china is aware of who it is with whom they're dealing. while on one hand chinese govt. as well the chinese people are wary of pakistan & its people, OTOH, some in pakistan itself have expressed concerns over 'mortgaging' of pakistani land & interests to china (just a few steps short of official chinese occupation in some years).

some days back, there was this titbit which told that chinese authorities have warned pakistani counterparts of 'consequences' if their interests in pakistan (CPEC) are not well-protected. don't know the truth of it.

 

[Nicky G]

Below article raises some valid points.

One, China will continue to shield Paki terror state. Thus, we need ways to make the cost of that support very high.

Two, Russia is no longer dependable for us owing to their need to placate China. They may even sell sophisticated weapons to Pakis if China so wishes. Thus, while we purchase S400 and nuke subs from them, there is no alternate in the long run to our own systems.

Third, the utility of BRICS for India. The article argues not much. China and Russia get their way - we don't. So do we continue or pull out citing Chinese non-cooperation?

The key is how to deal with China? We need to seriously damage CPEC.

At Brics, Russian silence on Pak terror stuns India

 

[vayuu1]

Like Bhagat Singh said बहरे को सुनाने के लिए धमाके की जरूरत होती है ।,that's exactly what we need to do to China.

Sent from my SM-N900 using Tapatalk

 

[IndianHawk]

We

Below article raises some valid points.

One, China will continue to shield Paki terror state. Thus, we need ways to make the cost of that support very high.

Two, Russia is no longer dependable for us owing to their need to placate China. They may even sell sophisticated weapons to Pakis if China so wishes. Thus, while we purchase S400 and nuke subs from them, there is no alternate in the long run to our own systems.

Third, the utility of BRICS for India. The article argues not much. China and Russia get their way - we don't. So do we continue or pull out citing Chinese non-cooperation?

The key is how to deal with China? We need to seriously damage CPEC.

At Brics, Russian silence on Pak terror stuns India

We don't need to pull out. If any economic initiative suits us we can take part. On geopolitical angle we can too block Chinese view . South Africa and Brazil might be towing Chinese line today but they wouldn't want to be left at Chinese mercy.

India is their hedge. Similarly Russia pushed for India in SCO so that it can hedge against Chinese agenda.

We need to join every club / forum and need to push our national interest openly shamelessly without hesitation.

BRICS is no difference they can brush away our concerns and we will brush away theirs.

 

[here2where]

From all accounts, BRICS was anti-climactic.
We bought a lot of hardware to keep Russian blackmail at bay (Russia must have threatened to get cozier with Pakis otherwise), got peanuts as investment (1 billion USD from Russia, while we ourselves invest more in Bangaladesh - 2 billion USD) and the declaration was worded as per Russian/Chinese leanings.

Instead of constantly demanding from other countries, what is stopping our govt from going ahead and labeling Pakistan as a terrorist nation and take the necessary follow-up actions (downgrade diplomatic relations by throwing out the chief porki from Delhi, economic sanctions, cutting off all people to people ties, making visas tougher,permanently closing wagah border gate,etc). These things hurt and makes the world takes notice.

Expecting a rival (chinki) or a gun-seller (russia) to lift the weight for us is foolish and living in fool's paradise. India must show diplomatic steel with hard actions. Army has shown the way already.

 

[ezsasa]

From all accounts, BRICS was anti-climactic.
We bought a lot of hardware to keep Russian blackmail at bay (Russia must have threatened to get cozier with Pakis otherwise), got peanuts as investment (1 billion USD from Russia, while we ourselves invest more in Bangaladesh - 2 billion USD) and the declaration was worded as per Russian/Chinese leanings.

Instead of constantly demanding from other countries, what is stopping our govt from going ahead and labeling Pakistan as a terrorist nation and take the necessary follow-up actions (downgrade diplomatic relations by throwing out the chief porki from Delhi, economic sanctions, cutting off all people to people ties, making visas tougher,permanently closing wagah border gate,etc). These things hurt and makes the world takes notice.

Expecting a rival (chinki) or a gun-seller (russia) to lift the weight for us is foolish and living in fool's paradise. India must show diplomatic steel with hard actions. Army has shown the way already.

One correction: Russia's rosneft has bought stakes worth 10 bln USD in essar oil. not just 1 bln USD. And moreover russians themselves are not in financially good shape right now because of the oil slump.internally there is chance that this deal will help in reduction of 10% of bank NPAs.

On the second point: i believe by highlighting terrorism in every international forum, modi is giving advance notice in case we take a drastic action against pak in near future. This advance notice ensures we don't get sanctioned. International diplomacy requires justification before taking hard steps.

Don't think anybody expects russia and china to do anything on Pak, let's not forget this hype was created by media before BRICS. Our media fellows should understand that the world does not work that way..

 

[Sakal Gharelu Ustad]

Can anyone summarize the highlights of the summit. Decisions taken etc.

 

[sorcerer]

Can anyone summarize the highlights of the summit. Decisions taken etc.

Summit Summary from Wiki

Summit
A statement was issued that read the member states "strongly condemn terrorism in all its forms and manifestations and stressed that there can be no justification whatsoever."[15] The group had also decided to set up a credit rating agency at some point in the future. They also called on the BRICS' New Development Bank to focus on funding specific development priorities and to create a network of angel investors. Other agreements included to set up research centres in the fields of agriculture, railways and a BRICS sports council.[16]

The final communique focused on promoting "international norms that promote stability and inclusion in common spaces." It suggested that with "mega-regional trading agreements have significantly altered the discourse on cross-border trade, the summit stressed the need for co-operation in crucial matters relating to intellectual property rights and the digital economy." They also highlighted the "centrality" to the WTO trading system, but their endorsement this year is significant. It further reflected a moment in the group’s history, which has seen "alternative" powers weighing on the side of liberal, multilateral trading institutions that were conceived by the West. Digital spaces were referred to beyond Internet governance alone, but also to keep cyberspace open for commerce and prevent its "stratification" by exclusive trading regimes.[17]

Amongst other independent statements, Jinping issued a statement that read: "The global economy is still going through a treacherous recovery. Because of the impact of both internal and external factors, BRICS countries have somewhat slowed down in economic growth and have faced a number of new challenges in development."[18] He further warned against a backlash to globalisation: "At present the deep-seated impact of the international financial crisis is still unfolding...deep-seated imbalances that triggered the financial crisis. Some countries are getting more inward-looking in their policies. Protectionism is rising and forces against globalisation are posing an emerging risk."[19] Modi also stated that BRICS were a beacon of peace and promise.[20]

 

[sorcerer]

Goa Declaration at 8th BRICS Summit

http://www.mea.gov.in/bilateral-documents.htm?dtl/27491/Goa+Declaration+at+8th+BRICS+Summit

 

[Nicky G]

We

We don't need to pull out. If any economic initiative suits us we can take part. On geopolitical angle we can too block Chinese view . South Africa and Brazil might be towing Chinese line today but they wouldn't want to be left at Chinese mercy.

India is their hedge. Similarly Russia pushed for India in SCO so that it can hedge against Chinese agenda.

We need to join every club / forum and need to push our national interest openly shamelessly without hesitation.

BRICS is no difference they can brush away our concerns and we will brush away theirs.

Pulling out is an extreme step but needs to be considered.

Personally, I do not see much sense in joining fora around the globe without specific goals. BRICS does not serve any specific purpose for us save PR. It does for China & Russia.

One correction: Russia's rosneft has bought stakes worth 10 bln USD in essar oil. not just 1 bln USD. And moreover russians themselves are not in financially good shape right now because of the oil slump.internally there is chance that this deal will help in reduction of 10% of bank NPAs.

On the second point: i believe by highlighting terrorism in every international forum, modi is giving advance notice in case we take a drastic action against pak in near future. This advance notice ensures we don't get sanctioned. International diplomacy requires justification before taking hard steps.

Don't think anybody expects russia and china to do anything on Pak, let's not forget this hype was created by media before BRICS. Our media fellows should understand that the world does not work that way..

No one sane expected anything of the Chinese. What would be Russia's problem with mentioning any Paki terror group? Their omission has impact.

Advanced notice for what precisely? China is not going to be quiet no matter what. Look, I understand that diplomacy is critical but frankly, all this international isolation is a myth when the enemy is backed by a major power such as China and partially the US.

If India wishes to act - then act and be ready for the consequences. We spend too much time laying the ground work as by the time we are ready to act, if ever, the situation has changed drastically. The enemy is no fool. They too learn and adapt.

 

[ezsasa]

Shiv aroor is saying , 2nd akula has been signed up at BRICS ...