On November 4, 2019 India announced it would not join the Regional Comprehensive Economic Partnership (RCEP), a free-trade agreement (FTA) between the 10 ASEAN member countries and six of its free trade agreement-partner countries. India’s position is significant for many reasons. First, RCEP was the only mega-regional trade agreement that India has been negotiating. Given the long queue of countries waiting to sign read more
The sweep of protests around the world found its way to Pakistan last week. Pakistan’s protests are both alike and dissimilar to the ongoing, widespread demonstrations. Similar are the issues of corruption, inflation and rising taxes; specific and endemic to Pakistan since the restoration of democracy in 2008, are manipulated elections and flawed law enforcement. Unlike uprisings elsewhere, the Pakistan protests read more
Protests seem to be the order of the day, but even otherwise, the annual conference in September, in Prague, of the Forum 2000 Foundation invariably brings together experts and activists from around the world, including dissidents from ongoing protest movements. It was set up in 1996 as a legacy of Vaclav Havel’s, former dissident and former president of Czechoslovakia. Thus, the keynote speaker was an opposition read more
Today, 31 October 2019, the state of Jammu and Kashmir (J&K) has officially been reconstituted into two union territories (UTs), Jammu and Kashmir (with a legislative assembly) and Ladakh (without a legislative assembly). This is a major territorial overhaul, which aims to integrate the region into the country, promote economic investment and thus better address security challenges. It was the outcome of the Jammu and Kashmir read more
21 October 2019
India has rapidly transitioned from a cash-based economy to one reliant on digital payment systems. This has resulted in financial inclusion and greater transparency, but also expanded the system’s vulnerability to cybercrimes. This paper analyses India’s digital payments industry, maps the potential threat vectors and recommends measures to strengthen the cybersecurity of digital payment systems
The financialization of the global economy produced the worst financial crisis since the Great Depression. The new arrangements which came into effect due to globalization, came with risks that the hyperglobalists did not foresee, although economic theory could have predicted the downside to globalization just as well as it did the upside.