Last month, Punjab’s Congress government completed one year in office. The Congress party had been strident during its election campaign in criticising the then Bharatiya Janata Party-Shiromani Akali Dal ruling coalition for failing to solve the state’s drug problem. It even accused the government of being involved in the drug trade. The party promised to eliminate the menace in four weeks, using a catchy slogan, ‘Char hafte vich khatam’. It was an optimistic but impractical goal. read more
It is a great pleasure to be here. But I can see that this – a talk on the Indian economy – is a minor issue of sorts compared to the much weightier issues of global geostrategy that have been discussed. So, I do hope you will bear with me and have the patience to listen to what we are trying to do in terms of shoring up the Indian economy. We inherited an economy on the decline, one where private investment read more
The Indian Rupee was a multilateral currency about 50 years ago, used in international trade and global financial transactions, and serving as the local currency of many Indian Ocean littoral nations. Its deep reach was facilitated through trading communities, labour circulations and colonial hegemony. But what was incredible about its popularity was its persistence much after India’s independence in 1947. Indians off to Dubai on a vacation then—52 years ago—could pay their way in Indian rupees. read more
In the surprising and swift turn of events centred around North Korea’s outreach to the world, the principal protagonists so far have been China, the United States and South Korea. But there is another player, Japan, which has long perceived North Korea as a direct strategic and military threat and is in the frontline as host to the largest number of U.S. military personnel in the region. Japan has been noticeably missing from the list of summit meetings initiated by the read more
India and the world have watched China’s growing investment in Asia and beyond with a mix of awe and apprehension. The unprecedented scale of these investments are reshaping political arrangements around South Asia.
In the aftermath of World War II, the United States set about building a global, rules-based economic order.
An earnestly, but objectively written, biography of the late prime minister gives credit where it has been denied: PVN was the principal architect of the economic reforms that put the country on a destiny-changing path of growth, while being up against a restless party, hostile Parliament, and an apathetic public.