Modi knew in his heart that India does not have the financial muscle to support the new bank with offers of co-financing international projects, something China can do from the bank's base in Shanghai. If established in Mumbai, it may have employed a few Indian bankers and satisfied the national ego but there was little financial value to be drawn from it.
Vijay Mallya has lost control of his companies.
'In the past the US has been reluctant to name Pakistan directly in an US-India joint statement.'
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
'What is the ISI doing and why can't they understand for their own interest that bringing stability to the region will help all the countries become prosperous, whereas a continuation of incitement will only lead to misery for all.'
India has got the money and workforce, but no Indian firm has so far decided to do it
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India's export-oriented information technology outsourcing industry is perhaps more optimistic today about growth prospects than it was in the past five years.
One thing Beijing must understand is that India is not obsessed with being a threat to China but only wants a rightful place for itself in the world, says Sanjeev Nayyar.
'This is the first time that the Americans have agreed to refer to "cross-border terrorist attacks" in a joint statement.' 'No wonder Pakistan has called the joint statement "singularly unhelpful" and has blasted it, and its all-weather friend China has applauded Pakistan's frontline role in combating terrorism,' points out former foreign secretary Ambassador Kanwal Sibal.
'There are major implications for India. Though there was a transparently thin attempt to project the troop reduction as intended to promote peace, the downsizing is actually part of plans to streamline and strengthen the PLA, capable of defending China's national interests at home and abroad,' says Jayadev Ranade.
'One can be sure that General Rawat will have all-round support and that the Indian Army will have a strong chief,' says Rear Admiral Sudarshan Shrikhande (retd).
India's commitment to an open and plural security architecture attests to the fact that Asia's transition is a dynamic of both power & identity, says Zorawar Daulet Singh
The country had the third-largest number of people living with disease.
No Indian auto brand (including Tata or Mahindra) is well-known globally.
The government is keeping its options open.
The two countries also asked all nations to stop cross-border movement of terrorists and asserted that a decisive collective response from the international community without 'double standards and selectivity' was required to combat the threat of terrorism.
For Make in India's success, Modi govt msut remove policy paralysis.
The joint statement issued after Prime Minister Narendra Modi and President Barack Obama's first-ever summit is high on intent and ambition. Notably missing from the statement is India's refusal to be America's partner in its war against ISIS.
India has a 'natural global partnership' with US, says PM.
NSA Menon's wisdom says that the idea to be superpower is not really desirable, it is better to be different. Sheela Bhatt reports.
Chinese leaders may well respond to challenges with heightened rhetoric.
'The past year has yielded extraordinary results in the strategic, commercial, and people-to-people components of the India-United States partnership, US Ambassador to India Richard Rahul Verma tells Aziz Haniffa/Rediff.com in an exclusive interview.
Ninety years later, BA counts the country as its second-biggest overseas market after the US.
Any investment proposal in India has to be cleared by the Cabinet which leads to a vicious cycle of approvals and rejections, says
The BRICS summit offers Modi an excellent platform to reach out to world leaders and conduct diplomacy on the very ticklish issue of reform of the world governance structure, and to exchange notes with his peers on international, regional and bilateral issues on the margins of the meeting, says Rup Narayan Das.
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
'If the dimensions of the strategic partnership worked out by India and the US seem like a grand alliance targeted at you-know-who, China had better realise that it has fathered it,' says B S Raghavan, a long time observer of China.
'The question remains: Was the Obama visit truly a success? Only the future will tell us if the "breakthrough" in the nuclear liability issue will concretise into electricity.' 'As importantly, it will be interesting to watch how India's relations with China will evolve in the months to come.'
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
India's first indigenous nuclear-powered submarine is a considerable achievement -- and should have an impact on security strategy
From Kudankulam to the Land Bill, the author takes the Twitter route to capture the infra action of 2013.
The US foreign and security policy establishment, says Ambassador M K Bhadrakumar, apprehends that Trump may compel them to exorcise the 'unipolar predicament', and bring foreign and security policies to reflect the desires and priorities of the American public.
'Modi's promise of change during the election campaign was on the domestic front, but his first year in office focused on foreign policy beyond all expectations,' says Ambassador T P Sreenivasan.
Satya Nadella is the highest-paid CEO in the US. So how do the other Indian-American executives fare?
It was clear in Brunei at the 8th East Asia Summit that China doesn't want the South China Sea issue to even dominate the discussion, reports Sheela Bhatt, who is part of the prime minister's media contingent to the summit
The administration and America Inc have invested in Narendra Modi's power to transform India. Aziz Haniffa/Rediff.com reports from Washington, DC.
Not only is this hidden from the user, it's often unrelated to the app's purpose.
In a clear attempt to allay Russia's apprehensions, Prime Minister Manmohan Singh on Monday said it will remain an "indispensable" partner for India's defence needs even as he underlined that the bilateral ties should adapt to changing times to address challenges.
'Modi and Abe are working seriously for India-Japan bonhomie to grow stronger.' 'It is a win-win situation for both countries and the future look promising,' says Rajaram Panda, the Indian Council for Cultural Relations India Chair Visiting Professor at Reitaku University, Japan.
'If Facebook were a country, it would be the third most populous one and the most connected.'
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