IDSA Comments

The Declaration pushes for a more equitable norm and the New Development Bank is an interesting outcome. The initial subscribed capital of $50 billion dollars and the responsibilities of the functioning are to be shared equally among the founding members of the bank. While China will host the headquarters, the regional centre will be located in South Africa; similarly the first President of the Bank will be from India, the First Board of Governors from Russia and the first chair of Board of Directors from Brazil.

• Ruchita Beri
• July 22, 2014 |
• IDSA Comments
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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.

• K. P. Fabian
• July 21, 2014 |
• IDSA Comments
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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.

• Amit Cowshish
• July 17, 2014 |
• IDSA Comments
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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.

• Manish Vaid , Tushar Shah
• July 16, 2014 |
• IDSA Comments
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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.

• Abhijit Singh
• July 16, 2014 |
• IDSA Comments
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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.

• Amit Cowshish
• July 11, 2014 |
• IDSA Comments
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The government in Baghdad has lost control over a stretch of territory to ISIL. It follows that Iraq is at present inexorably moving towards dissolution. In any case, it will be a difficult if not impossible task to recover in full the territory under the ISIL and its associates.

• K. P. Fabian
• July 07, 2014 |
• IDSA Comments
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The author recounts his memories of the US military base at Manas International Airport in Bishkek, which was the hub for onward movement of about 15,000 troops and 500 tons of cargo a month to and from Afghanistan. The folding of the US base has not only put an end to the US-Central Asia saga but in effect the US overseas military presence is now retracted to the line of its power limits in Europe.

• P. Stobdan
• July 07, 2014 |
• IDSA Comments
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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.

• A. Vinod Kumar
• July 07, 2014 |
• IDSA Comments
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On 3rd July 1914 nearly a hundred years ago at Simla, Tibet and India signed the Simla Convention that gave birth to the McMahon Line separating Tibet from India in the eastern sector. Much is made by some that the Simla Convention was not a legal document but from the time of the Convention till 23rd January 1959, the Chinese government never officially, in any document, ever challenged the McMahon Line.

• R. S. Kalha
• July 03, 2014 |
• IDSA Comments
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