Comment & Briefs

The basis for the development of ties between India and Brazil rests on trade and commerce. The regional powerhouses share a relationship that is gradual and progressive. However, the Indian Prime Minister Narendra Modi’s visit to Brazil for the BRICS Summit can give a fillip to their bilateral association.

Israel’s argues that the Hamas does not recognize its existence, which, up to a point, is technically correct. But, a moment of reflection will show that recognition is exchanged only between states and that since Israel has prevented the emergence of an independent Palestine, it has no right to expect recognition from the other side.

The Guidelines of 2012 have been under review for some time. While a drastic shift in the policy is unlikely, some changes in the policy, clarity about some of the existing provisions and simplification of the procedure seem necessary to make the policy work better.

Given India’s vulnerability to a rise in global crude oil prices as a result of its 75-80 per cent of its crude import dependency, the Iraq crisis could widen its current account deficit, while putting pressure on exchange rate, impeding government’s fiscal consolidation goal and putting off any nudge on interest rates by the Reserve Bank of India.

China’s announcement of a 10 billion Yuan ($1.6 billion) fund to finance the “maritime silk road plan” is a clear sign that it is serious about moving ahead with its stated plans. For India, it is instructive that the sales pitch of shared economic gains does not conceal the MSR’s real purpose: ensuring the security of sea lines of communications (SLOCs) in the Indian and Pacific oceans.

Over the years, the scope of SCO has widened to include the interests of countries beyond the Eurasian space. For India to capitalise on the SCO it must have a clear pro-active policy, otherwise it may risk becoming a focal point of criticism by the Central Asia states like the way India is often targeted by the SAARC members.

Brazil will hold the 6th BRICS Summit of Heads of State and the Governments of BRICS from 15 July 2014 to 16 July 2014. It is a coalition of emerging economies providing alternative ideas of global governance.

There are speculations whether the present budget is sufficient to meet expenditure on big ticket items but one has to bear in mind that it is only the advance payment – generally 15% of the contract value – that becomes payable on signing of a new contract. Even if new contracts are signed for say INR 50,000 crore, MoD will require just about INR 7,500 crore for those schemes.

Boko Haram has recently emerged as one of the deadliest and most brutal terrorist groups with links to the global jihadi movement. The group is grounded in a region where it can tap into ethnic ties and take advantage of weak security environment, generic condition of lawlessness and socio-economic marginalization.

The editorial also intrinsically marks the return of the ‘pro-Pakistan’ lobby in the US non-proliferation community, and the American media, which was culpable in encouraging the many indulgences of the Pakistani military and nuclear establishment for many decades and facilitating favourable non-proliferation policies for Pakistan to effectively pursue a clandestine nuclear programme with technological aid from Western companies.