Posts

Showing posts with the label China

"India poised to become world's third largest economy and a power in its own right."

Image
What does India want? To be counted . India is the world's fastest growing major economy. By 2050 it will be the planet's most populous nation. As it attempts economic transformation, India needs everything from infrastructure to energy and education — the latter two imports which already dominate its trade with Australia. But more than any material demands, what India wants is recognition — as a country poised to become the world's third largest economy, and a power in its own right. As Malcolm Turnbull visits India for meetings with Prime Minister Narendra Modi and business leaders, he is talking up the "tremendous opportunity" the nation's growth represents for Australia. Taken for granted? When Indian and Australian politicians stand up to give speeches in each others' countries, you bet on hearing "India and Australia have much in common ...". Perhaps. But "cricket, Commonwealth and curry" as an old ad...

"PM Narendra Modi Announces $4.5 Billion Line Of Credit For Bangladesh; China Angry"

Image
https://www.youtube.com/watch?v=918xbxYPxE4 Prime Minister Narendra Modi and his Bangladeshi counterpart Sheikh Hasina met in Delhi today, signing 22 agreements including a 500 million dollar line of credit to Dhaka for the purchase of military hardware, the first such agreement of its kind between the two countries. India also extended another 4.5 billion dollars in a line of credit to Bangladesh for infrastructure projects, taking the total line of credit extended by India to over 8 billion dollars over the last few years. However, there was no pact on the Teesta water sharing treaty, a big disappointment for Dhaka in particular since West Bengal Chief Minister Mamata Banerjee is still opposed to it. The Teesta river runs through Bengal into Bangladesh and the treaty allows for 50:50 water sharing during the lean season. But Ms Banerjee feels it will be detrimental to her state's interests. In his statement to the media, Prime Minister Modi said, "I am very ha...