• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Friday, July 1, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    With Shinde-Fadnavis Government in power, Aarey project back on track

    With Shinde-Fadnavis Government in power, Aarey project back on track

    Nupur Sharma supreme court

    ‘Nupur Sharma’s loose tongue has set the country on fire,’ Supreme Court

    Election is on the cards in the union territory of Jammu and Kashmir

    Election is on the cards in the union territory of Jammu and Kashmir

    BYJU’s

    BYJU’s on the road to become the next SAHARA….

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    By slapping export duty on fuels, the Modi government is playing the role of protector

    By slapping export duty on fuels, the Modi government is playing the role of protector

    BYJU’s

    BYJU’s on the road to become the next SAHARA….

    MSMEs and Exports-Two drivers of India’s $5 trillion economy

    MSMEs and Exports-Two drivers of India’s $5 trillion economy

    Oil Andaman

    Finally Modi Government is going to discover the wonders of Andamans

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Tejas Egypt

    India takes a giant step as a defence manufacturer with its Tejas deal with Egypt

    Tejas LCA

    Malaysia wants India’s Tejas LCA at any cost

    NSA Doval’s statement on ‘Agnipath’ scheme should be read by every idiot protesting it

    NSA Doval’s statement on ‘Agnipath’ scheme should be read by every idiot protesting it

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Indian Ocean India

    India won’t allow South China Sea misadventure to be repeated in the Indian Ocean region

    Pakistan BRICS

    Pakistan got an invitation to attend BRICS plus meet. India tore the invitation card

    Argentina Iran BRICS

    BRICS could be the most powerful international group only if CHINA mends its way

    Pakistan Twitter accounts

    India’s digital surgical strike on Pakistan

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    copper weapons

    The excavations in Mainpuri’s Ganeshpur village illustrate Hindus’ sophisticated weaponry

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    History

    Government shouldn’t have removed Mughal references from NCERT books, it should have published the truth

    Kalika Mata Mandir

    Pavagadh Shakti Peeth: How a mandir was redeveloped after shifting dargah built atop it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Manmohan is overrated, Joe Biden is the real robot

    Manmohan is overrated, Joe Biden is the real robot

    Sanjay Dutt character

    Sanjay Dutt has played the most irritating and over-the-top characters in the last 5 years

    Item Number – The cancer that almost claimed the Indian film industry

    Item Number – The cancer that almost claimed the Indian film industry

    Karan Johar bollywood

    Karan Johar, forget about a comeback because you can’t

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    With Shinde-Fadnavis Government in power, Aarey project back on track

    With Shinde-Fadnavis Government in power, Aarey project back on track

    Nupur Sharma supreme court

    ‘Nupur Sharma’s loose tongue has set the country on fire,’ Supreme Court

    Election is on the cards in the union territory of Jammu and Kashmir

    Election is on the cards in the union territory of Jammu and Kashmir

    BYJU’s

    BYJU’s on the road to become the next SAHARA….

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    By slapping export duty on fuels, the Modi government is playing the role of protector

    By slapping export duty on fuels, the Modi government is playing the role of protector

    BYJU’s

    BYJU’s on the road to become the next SAHARA….

    MSMEs and Exports-Two drivers of India’s $5 trillion economy

    MSMEs and Exports-Two drivers of India’s $5 trillion economy

    Oil Andaman

    Finally Modi Government is going to discover the wonders of Andamans

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Reason why India will reject Biden’s offer to co-develop AMCA engines

    Tejas Egypt

    India takes a giant step as a defence manufacturer with its Tejas deal with Egypt

    Tejas LCA

    Malaysia wants India’s Tejas LCA at any cost

    NSA Doval’s statement on ‘Agnipath’ scheme should be read by every idiot protesting it

    NSA Doval’s statement on ‘Agnipath’ scheme should be read by every idiot protesting it

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Indian Ocean India

    India won’t allow South China Sea misadventure to be repeated in the Indian Ocean region

    Pakistan BRICS

    Pakistan got an invitation to attend BRICS plus meet. India tore the invitation card

    Argentina Iran BRICS

    BRICS could be the most powerful international group only if CHINA mends its way

    Pakistan Twitter accounts

    India’s digital surgical strike on Pakistan

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    copper weapons

    The excavations in Mainpuri’s Ganeshpur village illustrate Hindus’ sophisticated weaponry

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    Gondya Ala Re – 125 Years of Chapekar Brothers’ Supreme Will

    History

    Government shouldn’t have removed Mughal references from NCERT books, it should have published the truth

    Kalika Mata Mandir

    Pavagadh Shakti Peeth: How a mandir was redeveloped after shifting dargah built atop it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Manmohan is overrated, Joe Biden is the real robot

    Manmohan is overrated, Joe Biden is the real robot

    Sanjay Dutt character

    Sanjay Dutt has played the most irritating and over-the-top characters in the last 5 years

    Item Number – The cancer that almost claimed the Indian film industry

    Item Number – The cancer that almost claimed the Indian film industry

    Karan Johar bollywood

    Karan Johar, forget about a comeback because you can’t

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

Once upon a time, India looked at superpowers to give it loans. Now it is giving loans to superpowers

Oh! How the tables have turned

TFIPOST News Desk
by TFIPOST News Desk
7 September 2019
in Trending
0
India-Russia, Modi-Putin
3.4k
VIEWS
Share on FacebookShare on Twitter

Prime Minister Narendra Modi’s recent visit to the Far East city of Vladivostok in Russia was a major success in a way that the country will soon be registering its influence in the region with a systematic investment and manpower by developing the natural-resource rich terrain of Russia which is twice the size of India.

Not only India is planning to invest large chunks of money, in a first of its kind move but India has also extended a $1 billion line of credit to Russia. Although it’s not first in a sense that India has not previously granted money to foreign countries but it was always to the relatively small African and Asian economies. But giving out soft loan to the country of stature like Russia sends out the message loud and clear that “tables have turned”.

Unlike China, India has given out the line of credit in the form of a soft loan, which means that the interest levied is next to nil or way below the market rate of interest. Minimal interest rates and flexible payment arrangements is what makes this such a potent tool to maintain political and diplomatic influence in the region. In recent times, soft loans have been seen as a measure to counter aggressive Chinese hegemony. Despite having a surplus of $3 trillion of Forex reserves, China grants loans on heavily spiked interest rates and then bleeds the country and takes over it as had happened in Sri Lanka with its Hambantota Port.

Russia’s economy has been strutting in recent times, with international sanctions imposed on it and the collapse in oil prices in 2014, it has a lot of ground to cover. Despite that, India has asserted that it will walk shoulder-to-shoulder with Russia in its development of the Far East. “Let us deepen the bond between India and Russia even further. India is proud of the achievements of the Indian diaspora. I am sure here in the Russian Far East too, the Indian diaspora will make an active contribution towards the region’s progress,” PM Modi had said, reiterating the stance that the perennial partners will stick along, come what may.

India was the first country that opened a consulate in the far east, Vladivostok. During restrictions for all other foreigners, Far east was open for Indians. With increasing Chinese dominance in the region, Putin is wary of the repercussions it could have in coming times, therefore turning to India has been the first logical step. Act Far East is seen to be an extension of India’s Act East policy.

To counter the Belt and Road Initiative of China, India has shelled out almost $28 Bn in 279 line of credit loans to over 60 countries in Asia, Africa, Latin America, Central America and Oceania. India also extended a whopping $4.5 billion line of credit to neighbouring country of Bangladesh in 2017. The government, through its careful use of soft-loan policy is looking for expansion while strengthening the economic and diplomatic connectivity, something the Modi government has amped up in its tenure and it has certainly bore fruit.

India is trying to cooperate with Russia to limit Chinese influence in Central Asia and can help counteract Russian fears about Chinese domination in the region. These events will have larger geopolitical consequences, which India could use to its advantage. From being one of the recipients of Russia’s assistance to being a donor to the 12th largest economy, India under NDA government has certainly come a long way and it seems like that the sleeping giant is ready to take over the mantle of being the leader in the region.

Tags: India-RussiaIndo-Russian RelationModi-PutinRussia
Share148TweetSend
Previous Post

After getting kicked out from Saudi & UAE, Pakistani doctors want to become full time Kashmir activists

Next Post

Insulting ISRO scientists and a halfhearted apology – NDTV journo Pallava Bagla needs to be banned

TFIPOST News Desk

TFIPOST News Desk

India’s most loved Right-Wing blog

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

By slapping export duty on fuels, the Modi government is playing the role of protector

By slapping export duty on fuels, the Modi government is playing the role of protector

1 July 2022
With Shinde-Fadnavis Government in power, Aarey project back on track

With Shinde-Fadnavis Government in power, Aarey project back on track

1 July 2022
Indian Ocean India

India won’t allow South China Sea misadventure to be repeated in the Indian Ocean region

1 July 2022
Nupur Sharma supreme court

‘Nupur Sharma’s loose tongue has set the country on fire,’ Supreme Court

1 July 2022

Popular This Week

Bollywood Thackeray
Politics

Why Bollywood is afraid of Devendra Fadnavis’ return to Maharashtra

by Apoorva Shukla
25 June 2022
Russian Oil
Geopolitics

This is how India is importing oil from Russia even when insurance companies have blocked Russia

by Abhishek Kumar Singh
24 June 2022
Tejas Egypt
Defense

India takes a giant step as a defence manufacturer with its Tejas deal with Egypt

by Rahul Gupta
28 June 2022
Parle G
Analysis

In a decade or two, Parle will be forced to stop producing Parle-G

by Abhishek Kumar Singh
25 June 2022
The Rouble-Rupee combo – An effective solution to the menace of petrodollar
Geopolitics

The Rouble-Rupee combo – An effective solution to the menace of petrodollar

by Abhishek Kumar Singh
24 June 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost