The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
This is the joint statement issued by the ministry of external affairs on the visit of US President Barack Obama to India.
President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political, economic and foreign policy road map of the Narendra Modi government and covers virtually all crucial areas.
Read the full transcript of President Obama's State of the Union address on Wednesday at the US Capitol in Washington.
'He was believed to finish his own work in an hour and spend the remainder of the time walking from one office to another, sitting down with the harried junior staff and helping them sort out the problems they were working on.'
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