Nearly 90,000 Rohingya Escape Myanmar Violence as Humanitarian Crisis Looms

Cox Bazar, Bangladesh: Almost 90,000 Rohingyas have fled to Bangladesh since violence erupted in Myanmar in August, putting pressure on the limited resources of aid agencies and communities that have helped hundreds of thousands of refugees from violent spasms in Myanmar. The bloodshed in Rakhine state in northwest Myanmar was triggered by an Aug. 25 … [Read more…]

BRICS Summit 2017: Xiamen Declaration Will Put Pressure on China to Act Against Masood Azhar

Xiamen: Xiamen’s statement came out and, for the first time in the history of the BRICS, a very strong and explicit language was used on the subject of terrorism. Paragraph 48 of the declaration explicitly mentions terrorist groups based in Pakistan, such as Lashkar-e-Taiba and Jaish-e-Mohammed, and calls for joint action by the BRICS against … [Read more…]

Raghuram Rajan’s revelations on demonetisation: Narendra Modi shouldn’t have ignored his caution

First, if Raghuram Rajan did not approve the demonetization “at any time during his term,” how did the government claim the Indian Reserve Bank (RBI) on board six months before launch to begin preparations for the massive disruption exercise in the economy? Rajan left the RBI on September 4, 2016 and the demonization was announced … [Read more…]

BRICS Leaders Xiamen Declaration: Full text

1. We, the leaders of the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa, met on 4 September 2017 in Xiamen, China, at the Ninth BRICS Summit. Under the motto “BRICS: a stronger partnership for a better future,” we strive to … [Read more…]

BRICS Summit 2017: Xi Jinping urges nations to ‘speak with one voice’; read full text of his opening address

Five major emerging economies opened the BRICS summit on Monday to chart their future courses with Chinese President Xi Jinping inviting them to play a greater role in world affairs. “We must make the international order more just and equitable,” he told leaders of Brazil, Russia, India and South Africa in his opening address. Xi … [Read more…]

Pakistan PM Nawaz Sharif’s ouster raises risk profile for investors: Moody’s

Pakistan PM Nawaz Sharif’s ouster raises risk profile for investors: Moody’s

Pakistan PM Nawaz Sharif’s ouster raises risk profile for investors: Moody’s Nawaz Sharif’s disqualification as Pakistan’s PM would pose a risk to policy continuity and have a negative impact on his rating, said Moody, a New York-based credit rating agency. “If increased political uncertainty and conflicts between the different powers of the State interrupt the administration’s … [Read more…]