In December 2019, India obtained a written assurance from the U.S. government for the waiver from U.S. sanctions on Iran for investment and the development of Chabahar port, a counter to Pakistan’s Gwadar port. In light of current regional tensions in West Asia, this is an achievement, especially given the monumental losses to business in and around Iran because of the U.S. sanctions. Sanctions have evolved from being a tool read more
Abu Dhabi sits at the very heart of the global oil industry, with rich oil reserves of 95 billion barrels – the seventh largest in the world – and its location in the Persian Gulf. It is sandwiched between Saudi Arabia and Iran and lies just a few miles from the Straits of Hormuz. While the Emirate’s prosperity rests on oil, it is now looking towards a future that is less dependent on oil Abu Dhabi has just completed its first nuclear reactor (one of four units) read more
India’s Ministry of External Affairs (MEA) has apparently established a new ministerial division called New, Emerging and Strategic Technologies (NEST), an innovative addition to its existing organogram . Innovative, because at no point in time – with the exception of cyber diplomacy and nuclear, chemical and biological weapons disarmament – has the MEA dedicated an entire functioning unit to cutting-edge science read more
In the last decade, India has gone from having a cash-based economy to one that primarily relies on digital payment systems. This has been achieved on the back of successful implementation of the Pradhan Mantri Jan-Dhan Yojana, the innovation of the Unified Payments Interface (UPI) real-time payment system and promotion of mobile payment services. A key enabler has been seeding of personal and biometric Aadhaar read more
America is increasingly using sanctions as a geopolitical tool against its rivals, Russia, Iran and Venezuela. These countries are important partners for India, which needs to find ways around unilateral American sanctions.
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.
This book’s premise is that Donald Trump’s attempt to withdraw from various agreements, supposedly harmful to America’s interests, is an opportunity for regional players to come into their own. The author’s presentation of facts dazzles, but his recommendations are unspecific