"The recent U.S.-China agreement sparked optimism on climate change cooperation between industrialized and developing countries. Now the United States is keen to strike a deal with India - the world's third-largest emitter - as well. The U.S. and India on Sunday announced a modest deal to curb hydrofluorocarbons, a greenhouse gas emitted by refrigerators and air conditioners; work together at climate talks in Paris later this year; and finance India's solar power targets. It is a far more limited agreement than the one hashed out with China...Pursuing this path will still reduce India's carbon footprint as the nation transitions away from dirty coal, but it will also improve energy security, spur new opportunities to 'Make in India,' and potentially create more and better jobs - an agenda that sells well to the Indian public," discussed an opinion article from The Week.  

The Wall Street Journal writes, "China's yuan fell sharply Monday to its weakest level in seven months, pushed lower by the central bank as Beijing adds to a host of measures aimed at spurring growth...China's move comes as many other large economies seek to boost growth with weaker currencies. The European Central Bank last week announced larger-than-expected stimulus measures, which sent the euro tumbling to its lowest levels in over 11 years, while emerging-market giant India has also surprised markets with an interest-rate cut this month. The U.S. recovery continues to remain on track. For China, a weaker currency should help two key elements of the world's second-biggest economy: exports and inflation." 

"China called on India on Monday to take more steps to satisfy the standards of a global organization that controls atomic exports after U.S. President Barack Obama said the United States was in favor of India joining the group. Obama reaffirmed on the weekend during a visit to India the U.S. position that India is ready for membership into the 48-nation Nuclear Suppliers Group (NSG), according to a U.S.-India joint statement. China's Foreign Ministry spokeswoman Hua Chunying said India's admission to the group 'requires very careful consideration from all the member countries', [saying] 'we support the group carrying out discussions on admitting new members and at the same time we encourage India to take the next steps to satisfy the relevant standards of the group,'" reports Reuters.