The New Development Bank: An Analysis

By Piyush Jain, Rajiv Gandhi National University of Law, Punjab.

The New Development Bank (NDB), formerly referred to as the BRICS Development Bank, is a multilateral development bank operated by the BRICS states (Brazil, Russia, India, China and South Africa) as an alternative to the existing US-dominated World Bank and International Monetary Fund. The bank is set up to foster greater financial and development cooperation among the five emerging markets. The New Development Bank was agreed to by BRICS leaders at the 5th BRICS summit held in Durban, South Africa on 27 March 2013. (more…)

Double Taxation Avoidance Treaty between India and Thailand

By Mohammad Anas, Aligarh Muslim University, Kerala.

In order to write about what a Double Taxation Avoidance Treaty is, first let me throw some light upon the meaning of Double Taxation. Double Taxation occurs when an individual is required to pay two or more taxes for the same income, asset or financial transaction in different countries. It may occur when the legal authority associations, used by different nations, overlap or it may occur when the taxpayer has links with more than one country. (more…)

Referendums of the Irish and the Greek: Should the Indians follow?

By Sudipta Purkayastha, Gujarat National Law University.

Referendum. The Oxford dictionary defines this word as : ‘A general vote by the electorate on a single political question which has been referred to them for a direct decision’. Perhaps a more colloquial version of this definition can be found in the Cambridge dictionary : ‘A vote in which all the people in a country or an area are asked to give their opinion about or decide an important political or social question’. (more…)

Delhi-Dhaka Agreement Pact: A Triumphant Scenario?

By Surbhi Agrawal, University of Petroleum and Energy Studies, Dehradun.

With the recent Agreements, India has embarked upon a mission to maintain peace with its neighbor country, Bangladesh. This step of the countries will help improve ties and will boost trade between both the countries. Bangladesh and India are not just neighbors, but the nations are bound by the thread of history, religion, culture, language and kinship & a passion for cricket. India not only shares a common history of struggle, for freedom and liberation, but also the enduring feelings of both fraternal as well as family ties, with this neighbor. However, there are several issues, such as illegal migration, insurgency, border, water disputes and dispute over the issue of Moore Island etc., between these two country’s relations. But, ending up these evils, the two countries have signed 22 Agreements and Memorandums of Understanding on economic cooperation, trade and investment, security, infrastructure development, education, science and technology, IT and culture. (more…)

India-Sweden Ties: An Analysis

By Ashish, Faculty of Law, The ICFAI University.

Earliest contact between India and Sweden dates back to medieval times. The Swedish East India Company formed in 1731, was dubbed to be one of the most successful business entities of those days until its existence. Modern day bilateral relations were initiated with the 1957 visit of Prime Minister Jawaharlal Nehru to Sweden. Since then, Sweden and India have developed similar views on democracy, social and economic development, and disarmament among others. India’s contribution to peacekeeping efforts of the UN Secretary-General Dag Hammarskjoeld in Africa further strengthened the relationship. Gunnar Jarring as the Swedish Ambassador to India in the early 1950s played an active role in promoting trade and shipping between the two countries. (more…)

The Indo-Dutch MoU on Vaccine Production : A Study

By Anjali Bisht, Law College Dehradun.

The present government launched various propaganda since it rose to power. In order to contribute to the country’s development , ‘Make In India’ was introduced for the furtherance of this cause and this policy initiated by the Modi Government has garnered a well deserving hype all over the world. Mr Modi propagated this policy in his various visits to the foreign lands and speeches asking the investors from all over the world to invest in the various economic spheres of the country and as a result of this policy Netherlands has entered into an agreement with India. The Prime Ministers of both the countries have entered into a number of agreements and ‘the memorandum of understanding’ for development of vaccines has also made to the list. (more…)

India-China Relations: A Study

By Deepti Purwar, Law College Dehradun.

The bilateral relations between People’s Republic of China and Republic of India are known as China-India relations or Sino-India relations. The relationship traces back to more than 2000 years. The modern relationship between India and China began in 1950 when India ended formal ties with Republic of China(Taiwan) and recognized People’s republic of China(PRC) as the legitimate government of China. China and India are the most populous countries and fastest growing major economies in the world. The Silk route was a major trade route between India and China. Thus, economic relations have been enhancing between them since ages. The Silk route also helped in the spread of Buddhism from India to East Asia thereby creating culture relations between the two countries. (more…)

India-Bangladesh Land Agreement

By Amrita Dasgupta, South Calcutta Law College.

The Agreement on the demarcation of Land Boundary between India and Bangladesh and related matters, signed in May 1974 is a unique document that epitomized the depth of the friendship, goodwill and mutual trust and above all, the vision of peace and harmony of two great statesmen, Bangabandhu Sheikh Mujibur Rahman, and Smt. Indira Gandhi. This comprehensive agreement was intended to resolve all lingering and vexing problems that history had bequeathed on the two nations. It has been recognized by all concerned that the implementation of the Agreement in letter and spirit is a sine qua non for the redress of the causes of tension and conflicts, along the long border between the two countries. The two leaders’ even fixed practical time frames for completion of various steps they knew would be necessary for the Agreement to be implemented.[1] But the later leaders’ couldn’t do the needful to carry on with the peace and harmony between the two nations. (more…)

Spotlight on the Asian Giants

By Shreya Sushil, Government Law College, Mumbai.

This, definitely can we say, calls for a fresh beginning between India and China! From strained ties to signing of 24 propitious Agreements, rays of mutual consent towards amiable neighbourhood are quite vibrant. The critics may perceive these agreements as some mere treaties on papers, the accomplishment of which is travelling in dim light. (more…)

India and Sri Lanka Ties: Learning from History?

By Mahak Vijay, Raffles University, Rajasthan.

History of relations between India and Sri Lanka

India is Sri Lanka’s closest neighbor. The relationship between the two countries is more than 2,500 years old and both sides have built upon a legacy of intellectual, cultural, religious and linguistic interaction. In recent years, the relationship has been marked by close contacts at the highest political level, growing trade and investment, cooperation in the fields of development, education, culture and defense, as well as a broad understanding on major issues of international interest. [1] (more…)