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.

summit

"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.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 22,2020

Mumbai, May 22: The Reserve Bank of India (RBI) on Friday reduced repo rate by 40 basis points to 4 per cent in an effort to further boost liquidity in the economy which has been reeling under the impact of COVID-19 induced countrywide lockdown.

As a result, the reverse repo rate stands at 3.35 per cent, said RBI Governor Shaktikanta Das. The six-member monetary policy committee (MPC) voted 5:1 in favour of the decision.

Repo rate is the rate at which a country's central bank lends money to commercial banks, and the reverse repo rate is the rate at which it borrows from them. 

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 4,2020

New Delhi, April 4: With 355 new cases reported in the last 12 hours, India's tally of coronavirus positive cases rose to 2,902, said the ministry of Health and Family Welfare on Saturday.

Out of 2,902 cases, 2,650 are active cases and 184 have been cured or discharged or have migrated.

The total number of deaths reported due to the disease rose to 68 on Saturday.

According to the Ministry of Health and Family Welfare, Maharashtra is the worst-hit state with 423 cases. Tamil Nadu is the next most affected state with 411 cases.

The number of COVID-19 cases in Delhi also rose to 386.

The Tablighi Jamaat event in Delhi has emerged as a hotspot for COVID-19 after several positive cases from across India were linked to the gathering including deaths in Maharashtra, Karnataka, and Telangana.

An FIR was earlier registered against Tablighi Jamaat head Maulana Saad and others under the Epidemic Disease Act 1897, in the national capital.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 5,2020

New Delhi, April 5: People were seen buying diyas and candles across the country to light them at 9 p.m. on Sunday to fight the "darkness of coronavirus" as requested by Prime Minister Narendra Modi.

Although the country is under a lockdown and all the shops barring those selling essential items are shut, but a number of makeshift roadside shops and carts have cropped up selling earthen lamps or diyas at various places.

The earthen lamps, along with other 'puja samgari', are also sold near various temples. Those shops also opened on Sunday.

Gatherings at the temples and other religious places too are barred.
Those who did not find diyas in their localities contended with candles available at the local general stores.

Prime Minister Narendra Modi had on April 3 appealed to people in a televised address to light diyas and candles on April 5 at 9 pm to fight the darkness spread by coronavirus pandemic.

"Friends, amidst the darkness spread by the corona pandemic, we must continuously progress towards light and hope. We must defeat the deep darkness of the crisis by spreading the glory of light in all four directions," said the Prime Minister in a video message.

"And that is why, this Sunday, on April 5, we must all together, challenge the darkness spread by the corona crisis, introducing it to the power of light. On this day, we must awaken the superpower of 130 crore Indians. We must take the super resolve of 130 crore Indians to even greater heights," Modi said.

He asked the people to turn off all the lights in their homes and stand at doors or balconies and light candles or diyas, torches or mobile flashlights for 9 minutes on April 5.

"In that light, in that lustre, in that radiance, let us resolve in our minds that we are not alone, that no one is alone! 130 crore Indians are committed, through a common resolve!" he said.
PM Modi's call to light diyas, torches or mobile flashlights amid the lockdown has proved to be a boon for shopkeepers selling diyas and candles.

"Sales of diyas have increased to 50 per cent and we also got orders. It has happened because of Modi ji's appeal. We are with him in this," Ram Ravi Kumar, a shopkeeper in Delhi told news agency.

Vikas Kumar, a resident of Patna, said, "I have bought 50 diyas for today. PM Modi had said that people have to light the diyas for nine minutes after switching off light at home."
Modi has asked citizens to not assemble anywhere while participating in this programme and emphasised on the importance of social distancing to prevent coronavirus spread.

Meanwhile, the number of positive cases of coronavirus in the country continues to surge. As per the Ministry of Health and Family Welfare, the total number of confirmed COVID-19 cases is 3,374 with 79 deaths.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.