Search Results for: Chabahar Agreement

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BRICS Summit clears setting up of $100 billion New Development Bank with India's presidency first

Brazil, July 16 (ANI): Leaders of the five BRICS countries met for the first working session in Brazil in a major victory for India, sealed the agreement on the much anticipated 100 billion dollars BRICS Development Bank. The new development bank of the group of BRICS countries will be headquartered in Shanghai, China, with the presidency initially held by India. The deal was reached after intense last-minute negotiations to settle a dispute between India and China over the headquarters of the new bank, which will have initial capital of $100 billion to invest in infrastructure projects. Negotiations to create the bank dragged on for more than two years as Brazil and India fought China's attempts to get a bigger share in the lender than the others. The stark economic and political differences between the BRICS countries have made it difficult for the group to turn rhetoric to concrete action in coordinating policies. Jul 16, 2014
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UN military observers lost its relevance, decision to close down office in Delhi positive: Defence A

New Delhi, July 11 (ANI): After India asked the United Nations Military Observer Group in India and Pakistan (UNMOGIP) to vacate its government bungalow in Delhi, Defence Expert Uday Bhaskar said that the UN Military Observers has lost their relevance in the nation. He said that the decision by the government is positive and was long overdue. The UN has said that it will have implications on the Kashmir dispute. While India's stand is that UNMOGIP's role has been overtaken by the Simla Agreement and the consequent establishment of the Line of Control. Jul 11, 2014
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Will Yelp Derail Google's Antitrust Deal With EU? Legal Experts Weigh In

An antitrust complaint filed by online review service Yelp Inc. could sideline a pending settlement between Google Inc. and European Union regulators worried that the big U.S. search engine gives itself preferential treatment in search results. It could also force Google to respond to competitors' complaints in court. Jul 11, 2014
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