China's intended role for AIIB is not so different from the existing Western lenders like the World Bank.
ADB has often expressed its interest in promoting sub-regional integration in South Asia and perhaps could be involved as a facilitator.
Any additional effort to assuage the growing worldwide hunger for infrastructure funding is more than welcome, says Barun Roy.
The agreement on pricing last month marks a significant step towards promoting energy security in the region, say Nisha Taneja & Samridhi Bimal.
Imposing a blanket ban on construction of houses and commercial establishments along the banks of rivers, Uttarakhand Chief Minister Vijay Bahuguna on Monday announced setting up of a statutory body to look into planning and development of the flood-hit areas of the state.
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.
If an elected government had been sworn in, Jung's tenure and the government would have been more or less co-terminus and Jung would have been just the ceremonial head of Delhi. Now, he will run Delhi, pending another round of assembly elections, says Aditi Phadnis
Ten years after his defeat, Chandrababu Naidu is once again going to be the chief minister of a truncated Andhra Pradesh, says Aditi Phadnis
The 30-share Sensex ended down 30.30 points at 28,161.72 and the 50-share Nifty dipped 7.95 points at 8,543.
KV Kamath has had a tough journey so far.
Democracies avoid serious political turbulence only so long as they ensure that the relative level of inequality between the rich and the poor does not become excessively large, says Vice President M Hamid Ansari.
Asserting that "maritime muscle flexing" by some countries and other factors have made the Indo-Pacific region "more contested and more volatile," naval chief Admiral Sunil Lanba on Tuesday said that the Indian Navy has its task cut out as it has been a major security provider in the region.
Most forecasts do not have a track record of transparency and accuracy
Chinese President Xi Jinping has suggested five thrust areas to improve relations with India. It is likely all these issues, in addition to the points raised by Xi at Fortaleza, will be part of the joint declaration at the end of his visit to India, says Srikanth Kondapalli.
'I feel now we have a leader who is non-corruptible.' 'But he needs time as corruption is deep-rooted in our society, and people have no shame about being corrupt.' 'It will take at least 7 years to make some changes.'
Internal documents suggest the city may not require a Metro till 2025
Uttarakhand was a tragedy that none of us will forget. As experts analysed the tragedy, it became clear that the disaster was more man made. The intergovernmental panel on climate change in its Assessment Report 5 states that human influence on the climate system is clear and this is evident from the increasing greenhouse gas concentrations in the atmosphere, positive radiative forcing, observed warming, and understanding of the climate system.
Arvind Panagariya speaks about climate change, globalisation and India's economy.
The resilience of many emerging markets, notably China and India, in the aftermath of the Lehman shock further strengthened this sense of manifest destiny.
Indian Prime Minister Narendra Modi who envisioned Make In India last September was at his eloquent best as he made a fervent plea to global businesses to come Make In India.
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
For all the blame-game over the flood preparedness in Chennai and elsewhere in Tamil Nadu and Puducherry, this is not the first of its kind. Nor would it be the last, given the nature of the north-east monsoon, says N Sathiya Moorthy.
Rajeev Srinivasan on how Indians are satisfied with illusions, not reality.
'To consider BRICS anything more than a temporary club with some common interests would be folly. The goal should be to induce others (Japan, ASEAN, South Africa) to align with us -- a non-threatening, democratic nation, rather than with malevolent China or waning America. For us to consider aligning with either China or the US would be absurd. India is just too big to be a sidekick,' says Rajeev Srinivasan.
Dr Swarnim Wagle, the official behind Nepal's reconstruction strategy, speaks to Patrick Ward.
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.
Who are the men the prime minister relies on to execute his impressive agenda?
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