India used Goa BRICS Summit to outmanoeuvre Pak: Chinese media

October 19, 2016

Beijing, Oct 19: India has "outmanoeuvred" Pakistan by effectively branding it as a "regional pariah" during Goa BRICS-BIMSTEC summit where the country presented itself as a "bright spot", strengthening its case for the NSG membership and a permanent seat in UNSC, state-run Chinese media said today.

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"Given the uneasy background of Indo-Pak tension, which escalated last month, India's inclusion of BIMSTEC (The Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation) bore even thicker geo-strategic connotations," an article in the state-run Global Times said.

"As India invited all countries in the region except Pakistan, it in effect consigned Pakistan to be a regional pariah," the article titled 'India uses BRICS to outmanoeuvre Pakistan', said.

Referring to India's decision not to attend the South Asian Association for Regional Cooperation (SAARC) summit to be held in Islamabad after the Uri attack, it said, "The collapse of the SAARC summit presented India a rare opportunity to get rid of any constraints Islamabad may have over the regional group, as the same group would soon gather in Goa in the absence of Pakistan".

BIMSTEC also made a major difference for India at the Goa summit, it said.
"A major difference between the Goa summit and the previous ones was that New Delhi put the (BIMSTEC) in tandem with the BRICS meeting," it said.

By bringing regional countries - Bangladesh, Sri Lanka, Thailand, Myanmar, Nepal and Bhutan - together with the major emerging economies of the BRICS, the daily said, India breathed legitimacy and substance into an otherwise "hallow and moribund acronym organisation".

"While the rest of the BRICS members would never openly endorse either side in the Indo-Pak tension, India in a way secured its stance vis-à-vis Pakistan by taking advantages of its agenda-setting powers for the summits," it said.

"While the prospect of BIMSTEC as a more effective alternative to SAARC remains ambiguous, a subcontinent grouping without Pakistan balancing and checking a dominant India may well raise suspicions and fear for smaller countries," it said.

The summit also helped India to push for its membership in the NSG, which was blocked by China, as well as for a permanent seat in the UN Security Council (UNSC), it said.

"The BRICS summit brings India an ideal mechanism to articulate and push for its reformist demands together with like-minded countries. This common front became particularly valuable for New Delhi, especially as its arduous bids for Nuclear Suppliers Group's (NSG) membership as well as for a permanent seat on an enlarged United Nation Security Council have both met frustration," it said.

The daily said that India successfully projected itself as the fastest growing economy compared to other members of the BRICS (Brazil, Russia, India, China and South Africa).

"During the summit, India presented itself as a bright spot in a bloc whose other members have been buffeted by economic headwinds to varying degrees. With a GDP growth rate of 7.5 per cent in 2015 against a rather gloomy global backdrop, India has replaced China as the world's fastest- growing large economy," the article said.

"Only three years ago, India was still labeled as one of the 'RIBS', whose feeble and volatile growth contrasted sharply to China's robust performance. Nowadays, the Russian and Brazilian economies have deteriorated into recession, South Africa struggles to avoid the same fate, and China's decades-long economic boom has geared down," it said.

"But India finds confidence in talking about economic matters. After all, the setbacks undergone by its fellow countries made India's recent economic achievements shine even brighter in comparison," it said.

"Although India's domestic reforms have only made limited inroads in key areas such as land acquisition and labour regulation, an aspirant (Prime Minister Narendra) Modi equipped with newly-gained confidence on India's growth prospects has clearly made the country more proactive," it said.

For India, the daily said, this BRICS summit has been a wonderful platform to coordinate efforts in reforming current global economic and finance governance.

"This effect becomes more visible as the operationalisation of the New Development Bank (NDB) and the Contingent Reserve Arrangement (CRA) have put pressures on the current international finance system, giving India tangible leverage in demanding relevant reforms," it said.

For example, the Goa Declaration urges advanced European economies to cede two chairs on the Executive Board of the IMF, to which India may have an "upper hand to claim thanks to its huge potential and robust growth recently," it said.

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Agencies
May 10,2020

New Delhi, May 10: A medium-intensity earthquake of 3.4 magnitude hit Delhi on Sunday.

According to the National Center for Seismology (NCS), the quake occurred at 1.45pm at a depth of five kilometres.

There were no immediate reports of loss of life or property.

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News Network
January 9,2020

New Delhi, Jan 9: Amazon founder and CEO Jeff Bezos will be visiting India next week and is likely to meet Prime Minister Narendra Modi and officials, besides industry leaders, according to sources.

The top executive will also attend SMBhav – an event focussing on small and medium businesses in India - that is slated for January 15-16 in the capital city.

When contacted, Amazon declined to comment.

Amazon, which has seen significant growth in its business in India, has also witnessed protest from a section of traders in the country who claim that e-commerce giants including Amazon and Walmart-owned Flipkart offer deep discounts and engage in unfair business practices.

Last year, the government had tightened rules for e-commerce marketplaces with foreign investment. These rules barred such platforms from offering products of sellers in which they hold a stake and banned exclusive marketing arrangements among other clauses. Following this, Amazon restructured its joint ventures to ensure compliance.

Bezos is likely to discuss regulatory issues in his meeting with the government officials.

He is also slated to engage with SMBs during the SMBhav event. The event - which will focus on discussions around how technology adoption can enable SMBs in India - is slated to see participation from industry experts, policymakers, solution providers and Amazon leadership.

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News Network
May 6,2020

May 6:The Congress on Wednesday said it is "economically anti-national" to fleece Indians of Rs 1.4 lakh crore by raising taxes on petrol and diesel, and urged the Centre to share 75 per cent of this revenue with states so that people are not burdened.

Congress chief spokesperson Randeep Surjewala said when the entire country is fighting the COVID-19 pandemic and its poor, including migrants, shopkeepers and small businessmen, were virtually penniless, the government of India was "fleecing" 130 crore Indians by insurmountably raising prices of petrol and diesel.

"To fleece people of India in this fashion is economically anti-national," he told reporters at a press conference through video conferencing.

Surjewala alleged that the manner in which "illegally and forcibly" this recovery is being made is "inhumane, cruel and insensitive".

"The government should transfer 75 per cent of this money so collected through raise in taxes to states. This will ensure there is no further burden on people of India, by way of more taxes on petroleum products by states," he said.

He said the issue was discussed at a meeting of the chief ministers of Congress-ruled states with party president Sonia Gandhi, where everyone besides former prime minister Manmohan Singh and Congress leader Rahul Gandhi expressed deep concerns.

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