General Awareness

April 04, 2017 @ 01:15 PM

April 04, 2017 @ 01:15 PM

K. J. Somaiya Institute of Management Studies and Research, Mumbai

9 Easy Steps to register for SIMSR (Infographic)

Download Now

Outcome of 18th SAARC summit

Published : Monday, 01 December, 2014 12:48 PM
MBA aspirants must be updated with General Awareness on current topics. General awareness topics with analytically drawn conclusions will benefit you in XAT, IIFT, CMAT,  MAT,  Essay writing, General Awareness sections besides in GD & PI.  
Today, you will read Current Affair Topic:
Outcome of 18th SAARC summit 
The 18th summit of the South Asian Association for Regional Cooperation concluded in Nepalese capital Kathmandu with an outcome far below expectations. Out of the three key agreements on road, rail, and energy to be signed by the eight SAARC members, only one on energy was finally inked. 
The other two were stalled by Pakistan on the ground that its “internal processes“ were not complete. The regional grouping will now discuss these two in three months but now even a framework pact is unlikely before six months when the SAARC foreign ministerial meeting will take place.
Outcome of 18th SAARC Summit
In a nutshell, the Kathmandu Summit did not achieve any major breakthrough. The summit’s theme was “deeper regional integration“with no decisions on flow of investments and financial arrangements. Likewise, a major concern of terrorism raised by India, Afghanistan and Nepal was left ignored. 
Like previous SAARC Summit, the Kathmandu Summit too was high on rhetoric without any concrete roadmap for the implementation of its mega-plans. For instance, it did set the target of forming a regional economic community in the coming 15 years like it has talked about removing poverty, fighting terrorism, and enhanced connectivity.
Outcome of 18th SAARC Summit
The Kathmandu Declaration listed other highly ambitious goals like developing a blue ocean-based economy for the region, improving governance, extending universal health coverage, food security, tackling cybercrimes et al. But, it remains to be seen how many actually will be implemented on the ground. 
The moot question is why the regional grouping has failed to takeoff despite three decades of existence. SAARC’s progress has been hobbled due to India-Pakistan dissonance and the fear of India among its neighbors and vice versa. Barring India-Bhutan and India-Afghanistan ties to a large extent, there is trouble and perennial suspicion in all bilateral ties. 
Pakistan and Afghanistan have issues; India has issues with almost all neighbors and the animosity or the spirit of cooperation varies only in degrees. On top of it, there are contested borders or lack of defined borders, especially between three of the biggest SAARC members – India, Pakistan, and Bangladesh. 
That is why it would be wrong to put SAARC in the same bracket as the European Union or the Asean or even the African Union. There exists a high level of bonhomie as in the case of the EU or a significant unity of purpose like in the Asean and the AU. SAARC in that sense may always remain an underperformer.
The Kathmandu Summit this year was remarkably tensed as the leaders from India and Pakistan cold-shouldered each other on the opening day. The clash of interest was even more visible with India pushing for greater emphasis on regional cooperation while Pakistan along with Nepal advocating an increased role for two of the nine observers – China and South Korea. 
The continued standoff between the region’s two biggest members does not augur well for its future. Further, Pakistan and now Nepal pushing for greater Chinese say in the region will enhance New Delhi’s suspicion. More importantly, it could push India to isolate Pakistan by virtually signing bilateral deals and trade facilitation agreements with other members. 
For instance, India and Nepal signed as many as 10 bilateral deals. With growing Chinese influence in the region in the form of investments and trade deals, India will be pushed to pursue that approach. New Delhi cannot be expected to wait for the ever-elusive SAARC consensus approach just because Islamabad views things differently. 
The next 19th SAARC Summit will be held in 2016 in Islamabad. Between now and then, the regional group has plenty of time to push the two deals on rail and road connectivity. SAARC heads of governments have given their transport ministers a three-month timeline to finalise framework agreements on – Saarc Motor Vehicles Agreement for the Regulation of Passenger and Cargo Vehicular Traffic and Saarc Regional Agreement on Railways — for approval during the Islamabad Summit. Even if these two agreements are signed then and boost regional connectivity in one of the poorest connected region in the world, the whole process has been delayed for two years. 
Unless the member nations, Pakistan in particular, resolve to not keep the SAARC a hostage to their bilateral discords, it is unlikely the group will realize its true potential. The danger lurking, in fact, is that it may fade away in the history as a failed experiment despite immense scope.
Stay informed, Stay ahead and stay inspired with MBA Rendezvous

Crucial Dates, You Should not Miss

TAPMI, Manipal
Admission Application closes on January 16, 2018 for 2018-20
BIMTECH, Greater Noida
Admissions open for PGDM Programmes at BIMTECH. Apply Now !
Lal Bahadur Shastri Institute of Management
Admissions are Open at LBSIM, Delhi. Apply Now !
FORE School of Management
Apply for PGDM & PGDM-IB Programmes. Application Deadline is December 22, 2017.
Goa Institute of Management
PGDM Admissions Open at GIM. Apply Before January 5, 2018
Last Date to Apply for MBA (Full Time) Programme at NIRMA is January 09, 2018
XAT 2018
Application Last Date 15th December 2017 ( With Late Fee )
IMI New Delhi
Application closes 4th December 2017
XIM Bhubaneshwar
Last Date 8th December 2017
SIBM Bengaluru
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Bengaluru through the SNAP Form
Institute of Rural Management Anand
IRMASAT will be conducted on February 4,2018, Apply Before December 31,2017
IBSAT 2017
Last date for IBSAT registration is December 12 , 2017
Last date to register for SNAP is 24th November, 2017. Last date for SSBF is 2nd January 2018
SIBM Hyderabad
Apply for SNAP 2017 to be held on Dec 17 and apply for SIBM-Hyderabad through the SNAP Form
K J Somaiya Institute of Management Studies & Research, Mumbai
Last date for Application is 31st Jan, 2018
Application for PGDM 2018-20 at SDMIMD is open till February 28, 2018
Institute of Public Enterprise
Last Date to Apply for IPE, Hyderabad is 31st December 2017
MDI Murshidabad
Applications for PGPM 2018-20 at MDI Murshidabad are open

Admission Open Now

Following Colleges are accepting applications.


Admissions open for 2018-20

PGDM, PGDM (HRM), PGDM(B & FS), Executive PGDM

Apply Online