GK & Current Affairs!
4th India – CLMV (Cambodia, Lao PDR, Myanmar and Vietnam) Business Conclave was recently held in Jaipur. During the conference, government and business community of CLMV countries were invited to actively partner in India’s initiative to strengthen manufacturing capacities.
Cambodia, Lao PDR, Myanmar and Vietnam collectively, is the third largest economy in ASEAN, followed by Indonesia and Thailand. Due to close proximity, India is looking to boost trade and investment with the CLMV region as part of the ‘Act East policy' announced by the Prime Minister during the 12th India – ASEAN Summit in 2013.BRICS may raise voice against rising anti-globalization trends in the West | 16-Oct-2016 19:22
Can BRICS bring back rhythm in its usual attack against West dominated world economic order, especially after considerable conflict at the political level between the two stake holders – India and China?
This year’s theme may be the retreat of the West from globalization. BRICS intellectuals especially in Beijing believe that there is concerted effort from Western countries to exit from globalization as it considerably helped countries like China to emerge as powerful economies.
So far, all the BRICS declarations were full of the demand for reconstructing the West dominated governance structure of IMF and World Bank. Demand for local currency trade settlements and strengthening of BRICS Bank were some of the occasional issues.
But this year’s heads of state meeting at Goa comes after the US Congress ratified the Fourteenth Quota review of the IMF. Governance reform of the IMF was a major demand of the BRICS leaders ever since the first meeting at Yekaterinburg.
The new issue of anit-Globalization has got widespread acceptance among Russians as well. Chinese political leadership accuses that the West is withdrawing from globalization commitments they have championed long time ago. Neo-protectionism and Brexit are instances of the West’s deviation.
Empowering the New Development Bank will be a priority of India. In the same way, the meeting may try new initiative to enhance the shared prosperity of the developing world.China on Brahmaputra: ‘not for an imaginary water war’ | 14-Oct-2016 18:24
China’s official media- the Global Times published an article explaining that the construction of a new dam across one of the tributaries of Brahmaputra is not a water war. The article says that China is ready to imitate the South East Asian water sharing agreement in Brahmaputra’s case so that the interest of the three countries through which the river flows – China, India and Bangladesh are protected.
The more talkative newspaper in its editorial pages mentioned that the reservoir’s capacity is just 0.2% of water flows through Brahmaputra. Addressing the Indian concerns, the newspaper used Brahmaputra throughout rather than its Tibetan name Yarlung Zangpo.
But the article makes a smart diversion saying that India is using Brahmaputra’s water at the expense of Bangladesh. The Bangladeshis can’t object to India because of its economic dependence on India.
China has been secretively constructing the dam across Brahmaputra that flows through Tibetan autonomous region, India and Bangladesh. There was no international consultation before the construction of the dam.
Lack of political good will enabled Beijing to go ahead with the project and only at the end of the construction phase, Chinese authorities issued press releases to Indian press about the dam construction. China had similar water issues with neighboring small countries of East Asia - Thailand, Laos, Vietnam and Cambodia on the Mekong river.
The Chinese argument goes on that Beijing will not use the Brahmaputra water in an exploitative way such that it may attract fear from its South East Asian neighbors.
“If China blocked the Brahmaputra for political reasons, such a move would cause panic among the five Southeast Asian nations and therefore damage China's relationship with them.”
On the potential about the future agreement about Brahmaputra water the article says that – “We believe that China is willing to borrow from the experience of this mechanism when it comes to promoting cooperation among the Brahmaputra's three major riparian countries. This will be the most effective solution to the water dispute between China and India.”