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The foreign exchange market is considered the most liquid and transparent in the world. However, recent investigations into alleged manipulation of the foreign exchange rates is a reminder that transparent exchange-based systems alone are not enough to ensure fairness
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In the face of a severe economic slowdown and an impending balance-of-payment crisis, the Indian business community has a clear opportunity to pull the country out of the current crisis. However, this can only achieved if the apex chambers of commerce restructure themselves
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India often finds itself in the right place at the wrong time or vice versa, as our dogma of non-alignment trumps honest calculations of self-interest in policy-making – rendering it unfavourable. The national interest, hence, calls for selective alignment on some issues with Washington and on others with Beijing
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Can the world aspire to a future where the use of force is not seen as leadership? Can the U.S. and former colonial powers like France and UK, think differently and reject the use of force as first resort? Can China and India craft alternatives?
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The U.S. Secretary of State’s visit to India comes at a time when India is witnessing significant realignments in its domestic politics while the U.S. is busy tackling its cyber-spying allegations. Amidst these preoccupations, will the upcoming India-U.S. talks churn out substantive outcomes?
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Conventional political parties around the world seem to be on the decline, and there are common factors too – precarious economies and a leaching of ideology, for example. How can countries achieve grassroots empowerment in their village republics, and those of ordinary citizens the world over?
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Maritime piracy is one of the several grave security issues faced by today’s world. This problem, however, isn’t a new phenomenon, and nations have long-battled this issue. How did piracy manifest itself in the Indian Ocean in the 19th century, and what was the nature of counter-piracy efforts during that period?
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All the major economic forces in the world have come together in Africa in a new version of the Great Game. The competition for the continent’s resources will ultimately harm Africa unless Africa uses this opportunity to its advantage and to address its own serious problems.
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In the 1700s, one man antagonized the European powers, and insisted on the Maratha Empire’s rights to taxation and sovereignty over Maharashtra’s coast. He was Kanhoji Angre, the head of the Maratha navy. How did he, 283 years ago, set an important precedent for the Subcontinent’s local powers?
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As the revelations pile up after the LIBOR rigging incident, it seems Europe and Britain are more committed to enforcement action than America. Real conservatives believe fully in market capitalism, that prices must come from uncorrupted market signals. Could this start a sea-change for enforcement globally?