Kamath also said that the new bank, set up by India and four other members of the BRICS grouping, will strive to approve its first loan before end of the current fiscal.
'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.
Putin said India was facing a serious problem on account of terrorism and it was not an "imaginary thing".
'It is unrealistic to expect that security dilemmas and strategic distrust to disappear or even diminish any time soon,' says Rup Narayan Das.
Prime Minister Narendra Modi has "strongly" and "clearly" conveyed concerns to Chinese President Xi Jinping over Beijing blocking a proposal for action by the United Nations against Pakistan on the release of jailed Mumbai attack mastermind Zaki-ur-Rehman Lakhvi, with India rejecting the "weak evidence" theory propounded by Beijing in this regard.
Under KV Kamath's leadership, ICICI Bank's revenues grew multi-fold.
If China's behaviour in the past on ticklish issues is any indication then China could eventually support India's NSG application, says Rup Narayan Das.
The host country has been pressing for a discussion at the 10th G20 Summit on the conflicts in Syria and the worst migrant crisis since World War II.
'Whoever whispered in his ears that go for demonetisation, misled him completely' and the PM lacked the sagacity to know that it would not work, Yashwant Sinha tells Archis Mohan.
Putin, 62, who holds an 8th dan black belt in Karate, said, "I do not know how to do yoga. When you people do it, it looks difficult. That is why I have not tried it."
India, China must further strengthen business ties for growth.
India Inc has too much on its plate to ensure double digit growth in FY16.
Modi sarkar sets the ball rolling on appointment, next cabinet secretary is expected to be in office in September.
'There is no Buddha or Gandhi among countries, existing for the service of others; they all exist for the good of themselves.' 'For each country, its own interests should be paramount, and it is futile and churlish to expect China to be an exception to this rule,' says B S Raghavan, the distinguished civil servant and long-time China-watcher.
'The family is the final court of appeal, the first among unequals. If there is no family, all leaders are equal. If all leaders are equal, anyone can lead the Congress. So every time the family has stayed in the background, the Congress has split.'
ADB pegs India's GDP growth at 7.8 per cent in FY 2015-16
'In the last one year, it looks like there were bad things that didn't take place, and there were good things that didn't take place,' says Rajeev Srinivasan.
The Bharatiya Janata Party might have a majority in the Lok Sabha but sarcasm and public humiliation of rivals may not be the way to assert this. In fact, it is a waste of time
The ecosystems of India and China today jostle against one another across Asia and much of the world.
Group still far from coordinating monetary/forex policy
The BRICS model will need to demonstrate the efficacy of a second alternative governance structure to reform the Bretton Woods legacy.
As the context of Panchsheel has changed, it is all the more essential that India and China need to reinvent and redefine Panchsheel for a new world order taking into account globalisation, and mutual economic interdependence. The new Panchsheel, in order to be relevant, needs to shed its binary approach of west verses the east recognising the seamlessness of global frontiers, which globalisation has brought in, says Rup Narayan Das.
'Happily,' says Ambassador B S Prakash, 'BRICS displayed new-found energy and built something real, a bank. Between needless nihilism and as yet unjustified euphoria, there are many stations for the BRICS train and we can watch its progress with renewed interest.'
Several factors seem to have corrected in India in the past six months, says the president of New Development Bank.
'India and China have to make concrete progress with regard to the border issue, addressing the trade deficit, and facilitating people-to-people interactions. This has to happen in the next two, three years.' China expert Tansen Sen tells Sheela Bhatt/Rediff.com how India and China can take their relations to the next level.
Once these banks start showing losses, they will not be able to pay dividends to the government nor pay taxes, which will further aggravate the situation for the government as its return on investment as an investor would be very negligible for the next few years, says M V Subramanian.
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