The venture is seen as a rival to the World Bank.
'No matter how severe sanctions the UN security council imposes on North Korea, the impact of the sanctions would depend on how faithfully they are enforced by China,' says Dr Rajaram Panda.
'We should expect a cold-blooded, transactional relation that requires a lot of engagement and mutual trust to sustain,' says Constantino Xavier, Fellow, foreign policy, Brookings India.
After Pyongyang tests a missile potentially capable of reaching the US, Dr Rajaram Panda explores the realistic -- and peaceful -- options before Donald Trump and the international community at large.
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.
Obama seeks reduction of nuclear arsenal in India and Pakistan while Pakistan seeks NSG membership
The Korean summit, laden with symbolism in everything from the choice of location to the mango mousse for dessert, could just be the first round in a continuing dialogue, says Dr Rajaram Panda.
Trade between India and Indonesia stands at $20 billion.
'The onus is now on China to explain to the world why it feels Pakistan should accompany India on the question of NSG Membership!! China's not so covert help for Pakistan's nuclear weapons and ballistic missile programmes will stand exposed,' says former ambassador G Parthasarathy.
'Unlike Japan and China, the US has a long relationship with India. He is going there to fly the Indian flag in a gesture of friendship. This is a journey like none other, meant to signal that the two democracies are in a defining relationship of the 21st century.'
Finance Minister Arun Jaitley on Wednesday said the country is on an "upward curve" and a good monsoon, GST passage and increased infra and rural spending will further accelerate the growth.
'The intrusion in Chumar, during and beyond the Chinese president's visit, is unprecedented and has qualitatively changed the tone of the India-China relationship,' says Jayadeva Ranade, a member of the National Security Advisory Board.
The 41st US president held his post from 1989 and 1993.
Though the Chinese find it necessary to oppose the visits of Indian leaders to Arunachal Pradesh, they want to keep the objections at a moderate level lest it cast a shadow on Narendra Modi's visit to China in May, says D S Rajan.
Prime Minister Narendra Modi's initial weeks in office and the composition of his national security team give a sense of his government's foreign policy and national security priorities, says Harsh V Pant
'... For the India-US relationship to continue its positive trajectory, it will require India to adapt to a different approach.' Nisha Desai Biswal -- who as the Obama administration's point person for South Asia was in the inner circle of all the Obama-Modi Summits -- tells Rediff.com's Monali Sarkar why she is hopeful that India and the US are on an irreversible forward course.
PM Modi seems to be gradually ending India's strategic ambiguity
A summary of sports events and persons who made news on Saturday
Prime Minister Manmohan Singh on Friday batted for nuclear power as a "dependable and clean option", even as he underlined the need to ensure that all ingredients by which nuclear fuel is made remain safe and do not fall in the hands of terrorists and anti-social elements.
'The Modi-Xi and Modi-Obama meetings, with an interval of just 12 days, are juxtaposed superbly at a crucial point in the prime minister's life. Can Modi carve out a win-win situation with the superpower and the emerging superpower at the same time?'
'Clearly, from the Indian viewpoint, the US retrenchment from Asia cannot be happening as good news.' 'The abandonment of the US' pivot to Asia exposes the US-Indian partnership to be a mere transactional relationship,' says Ambassador M K Bhadrakumar
Excerpts from Prime Minister Narendra Modi's speech at the Combined Commanders Conference on board the INS Vikramaditya at sea, off the coast of Kochi.
'It is in the interest of both sides that the visit of the US President is seen as being successful. Both sides have invested considerable political capital in it. This rapid exchange of visits and the decisions taken have to be justified, beyond the symbolism, which is no doubt important in itself. This opportunity to impart a fresh momentum to ties should not be missed,' says former foreign secretary Kanwal Sibal.
'Chinese leaders rarely receive their foreign guests in cities other than Beijing. Such respect for India!' 'Does it mean that Modi could replicate "the warmth and unconventional way" by sending Indian troops into Tibet, as Xi did in Chumur (Ladakh) when he arrived in India? Of course, Indians are far too polite to do so,' says Claude Arpi.
'The threat that India faces and the threat the United States faces is not just to the homeland, but to our people and to our institutions wherever they may be.' In an exclusive conversation with Aziz Haniffa/Rediff.com, US Assistant Secretary of State Nisha Desai Biswal outlines the importance of Prime Minister Modi's visit for America.
'A participant in many rounds of the border talks with China once told me that China seemed not interested in resolving the border issue as it wanted to keep it as a ready excuse to intervene in the sub-continent,' says Colonel (retd) Anil A Athale.
Those who know Shiv Shankar Menon will vouch that he did lots of things, substantial in the immediate neighbourhood and widespread in South Asia, but without making things public. Twenty per cent of Menon's job was visible, while 80 per cemt of his job was not known to the public, says Sheela Bhatt/Rediff.com
'Three security challenges could emerge shortly. The possibility (almost bordering on certainty) is as certain as the fact that night follows day: A terrorist attack by a Pakistan-based group. Chinese intrusion on the border.Communal tension/riots.' Colonel Anil A Athale (retd) explains what the Modi Sarkar needs to be prepared for.
The second and final part of former cabinet secretary Naresh Chandra's interview to Sheela Bhatt.
The Mars mission is overwhelmingly irrelevant to space science and won't advance the frontiers of knowledge. It will divert attention from the real technological challenges facing the Indian space programme, and will further distort our science and technology priorities, says Praful Bidwai.
In his penultimate State of the Union address, Barack Obama said that the economy is improving.