Russia

Russia enacts law banning undesirable NGOs

Russian government officially has enacted a law banning undesirable non-governmental organisations (NGOs) in the country.

The law came into force after President Vladimir Putin signed the bill in this regard after it was passed by both houses of the Russian parliament.

The newly enacted law allows government authorities to

  • Prosecute foreign NGOs or firms designated as undesirable on national security grounds.
  • Individuals working for such NGOs could face up to six years in prison or fines.
  • Barr foreign NGOs employees from the country.
  • Ban Russian citizens or groups that have involvement or are engaged with such undesirable foreign NGOs.

The definition of undesirable in this case can be considered as threat to Russia’s defence capabilities or constitutional foundations.

Comments

  • Supporters of this enacted law consider it as a preventative measure which has become necessary after the wave of Western sanctions put on Russia in place over the Ukraine conflict and annexation of Crimean peninsula.
  • While, western critics think that the law gives powers to Russian authorities to impose the undesirable ban on NGOs without going to court.

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KV Kamath named as first President of New Development Bank of BRICS nations

Eminent banker Kundapur Vaman Kamath was appointed as first President New Development Bank (NDB) of BRICS nations.

He will have of five year term after the bank becomes operational within one year.

About Kundapur Vaman Kamath

  • Born on 2 December 1947 in Mangalore, Karnataka.
  • Kamath is the Chairman of the India’s largest private sector bank, Industrial Credit and Investment Corporation of India (ICICI). He was ICICI Bank’s managing director and CEO from 1996 to 2009
  • Kamath also had served as Chairman of India’s second-largest Indian IT services company, Infosys Limited. He had taken charge from N R Narayana Murthy.
  • He also had worked with Asian Development Bank (ADB), Manila in its Private Sector department in 1988. In ADB, he had held various projects in Indonesia, India, China, Bangladesh and other emerging nations.
  • He was conferred with Padma Bhushan Award in 2008.

About New Development Bank (NDB)

  • BRICS group of nations comprising Brazil, Russia, India, China and South Africa in 2014 had inked a pact to set up NDB and emergency reserve fund.
  • This agreement was signed during the 6th BRICS Summit being held in Fortaleza, Brazil.
  • To begin with, the bank will start operating with $50 billion in initial capital with the five BRICS contributing $10 billion each.
  • According to the pact, the capital of the bank will be divided equally among the five participating nations and initially it will focus on infrastructure projects member countries.
  • The headquarters of the bank will be located in Shanghai, China and it will have a regional office in Johannesburg, South Africa.
  • The chairmanship of the bank will be rotational and its first President will come from India for the first 5 years followed by Brazil and Russia.

Note: BRICS nations comprise 40 per cent of the world’s population and accounts for nearly US $ 16 trillion in GDP.

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Maya Plisetskaya, Russian ballet legend passes away

Maya Plisetskaya, one of the greatest ballerinas of the 20th century from Russia passed away in Germany. She was 89.

Plisetskaya was born in Moscow on November 20, 1925. Her ballet career spanned for more than five decades.

She had joined the Bolshoi, a historic theatre in Moscow in 1943. Her performances had captivated audiences around the world. In 1960, she became the Bolshoi’s prima ballerina.

Her modern choreography and performances were charged with eroticism flouted Soviet convention.

In 1983, she became one of the first Soviet celebrities allowed to work for Western dance companies without having to defect. She was also the artistic director of the Rome Opera Ballet.

Her acclaimed roles were Odette-Odile in Swan Lake, Aurora in The Sleeping Beauty and Carmen in Carmen Suite.

Plisetskaya had retired from stage performance at the stage age of 65 and became a choreographer and giving master classes around the world.

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