The Reserve Bank’s move to enable international trade in INR is a step towards regaining Indian primacy in the Indian Ocean region that the Indian Rupee once enjoyed. It is also an essential financial dimension that will add heft to India’s strategic SAGAR policy.
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India has raised import duty on gold yet again. This will drive gold smuggling, whose nearly 16% return on investment therefrom will make hedge funds envious. Apart from loss of revenue, smuggling also means greater cash flows for the underworld, and potential terror finance.
Pro-Khalistan organisations have collaborated with the ISI to disseminate anti-India narratives and influence the Indian diaspora. While this has little traction within the country, there is a need for India to extend support to those expatriate Indian communities which are actively countering the misinformation spread by these organisations and Pakistan-sponsored fringe groups.
India has seen a recent influx of refugees from Afghanistan and Myanmar. This has highlighted the absence of a concrete refugee policy in India. India must formalise its approach towards refugees. The Citizen Amendment Act of 2019, is a start. India can move this forward by learning from the examples of other democracies like the U.S., Kenya and South Korea, on how to balance international law with its national security interests.
Falling birth rates have become a concern for the Chinese regime. Add to it a shrinking external footprint, diminishing prospects for new foreign capital and domestic economic trouble in the tech and real estate sector, and China's vulnerabilities are clear. This signals danger for China's neighbours.
On 18th August, Pakistan announced wide-ranging restrictions on prominent anti-India terrorist leaders. These steps are clearly aimed to prevent Pakistan from slipping into the black list of the Financial Action Task Force, where Pakistan is already grey-listed. Their implementation remains key as in the past, Islamabad's global anti-terrorism commitments have been abandoned once global scrutiny of its support to terrorist infrastructure, decreases or is distracted.
Hong Kong’s sweeping new National Security Law could be a window of opportunity for India. Companies with established data centres in Hong Kong are worried for the privacy of their customers as the law’s stringency has sparked changes in online activity.
The Atlantic Council Global Energy Forum, held in Abu Dhabi on 10-12 January 2020, had the top businesses and analysts of the global energy industry. It was also part of a larger event, the annual Abu Dhabi Sustainability Week, which aims to be a global platform for sustainability in various industries
Gateway House was part of a delegation of scholars that recently visited China and interacted with Chinese scholars and universities across Beijing, Chengdu and Kunming. It provided a better understanding of China’s perspectives and concerns on key geopolitical and geoeconomic issues
Kartarpur is an exemplary achievement of bilateral discussion over two decades. For the faithful, it is an emotional reconnection with the life of Guru Nanak, now made into a grand memorial. For others, on both sides of the border, it is a neutral place where they can renew contact with long-lost relatives. The author, who visited Kartarpur a month after its inauguration, was witness to the joy and aura of collective worship