In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘Modi’s agenda’

India’s Modi faces an existential choice

Posted by seumasach on November 9, 2015


Asia Times

8th November, 2015

The Bharatiya Janata Party (BJP), which rules India, has suffered crushing defeat in the provincial elections in the populous northern state of Bihar on the Gangetic plains. Almost all estimates forecast a neck-and-neck fight between the Hindu nationalist BJP and the opposition alliance of secular parties. However, the results were a landslide in favor of the opposition alliance, which won two-thirds seats in the 244-seat state assembly.

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Russia-India relations given $100 billion-worth boost

Posted by seumasach on December 14, 2014

​20 deals in 24 hours: Russia-India relations given $100 billion-worth boost


12th December, 2014

The economic burden of Western sanctions has pushed Russia to the east in search of business opportunities. Judging by the outcome of President Putin’s visit to India – 20 high-profile deals struck – Moscow’s ‘pivot to Asia’ is getting a warm welcome.

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Modi’s WTO stance annoys US

Posted by seumasach on August 4, 2014


Indian Punchline

4th August, 2014

Prime Minister Narendra Modi has drawn big criticism from the United States on account of the firm stand India took at the World Trade Organization negotiations, insisting that its concerns about food security needed to be accommodated if India were to go along with the so-called trade facilitation agreement. Overnight the smile has vanished from Uncle Sam’s face.

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Russia , India to bypass dollar trade

Posted by seumasach on July 31, 2014

Russia And India Begin Negotations To Use National Currencies In Settlements, Bypassing Dollar

Zero Hedge

31st July, 2014

Over the past 6 months, there has been much talk about the strategic proximity between Russia and China, made even more proximal following the “holy grail” gas deal announced in May which would not have happened on such an accelerated time frame had it not been for US escalation in Ukraine. But little has been said about that other just as crucial for the “new BRIC world order” relationship, that between Russia and India. That is about to change when yesterday the Russian central bank announced that having been increasingly shunned by the west, Russia discussed cooperation with Reserve Bank of India Executive Director Shrikant Padmanabhan. The punchline: India agreed to create a task group to work out a mechanism for using national currencies in settlements. And so another major bilateral arrangement is set up that completely bypasses the dollar.

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