Courtesy: Reuters
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences
Courtesy: Wikipedia
The attempted coup on July 15 in Turkey as well as its aftermath have irreparably dented President Erdogan’s international image and impacted Turkey's standing as a democratic state, a military power, a NATO member, an EU aspirant, and an emerging economy. This downtrend is unlikely to be reversed in the near future and the country is in for an extended period of instability
Courtesy: Quartz
Regulations are the new focus of economic statecraft. Their increasing importance is reflected in the negotiations on global financial standards, plurilateral trading rules, and regional economic unions.
Courtesy: PTI
The victory of Donald Trump in becoming the presidential nominee for the Republican Party is a significant moment in American history. However, the cause for common unity in the GOP is associated with a hatred towards Hillary Clinton, not support for Donald Trump. Controversies like the recent WikiLeaks of Democrat Party emails are sure to increase in the road to November, making it a rocky and treacherous one.
Courtesy: NATO/Flickr
In the aftermath of Brexit, the recently concluded NATO Summit highlighted the emerging asymmetry between NATO and the EU on their respective policy positions towards Russia. Has the expansion of NATO and the EU to absorb Eastern Europe, and the consequent large migration flows, been responsible for the visible cracks within the Europe?
Courtesy: MEA / Flickr
The result of the Brexit referendum is nothing less than a body blow to Bretton Woods organisations, International Monetary Fund-North Atlantic Treaty Organisation (NATO)-World Bank, that originated at the end of the Second World War. The possibility of an Asian century becomes more feasible, if India can be nimble enough to make the most of the opportunity which has presented itself in Europe.
Courtesy: MEA / Flickr
Prime Minister Narendra Modi's fourth visit to the United States has been met with hails of success and with comments of 'too little, too late'. While Modi's friendship with President Obama is often credited for improving bilateral relations, the U.S. leader is currently nearing the end of his term. The new President will have their own geopolitical demands, which will invariably result in India being relegated to a second-term priority.
Courtesy: Manjeet Kripalani
The crippling effect of American sanctions are thorough; designed to strangle economies and bring entire nations to a halt. However, they unknowingly pull people together, imparting a deep sense of patriotism and often sparking innovation which can quickly surpass any other world power. With sanctions being lifted on nations like Myanmar, Iran and, hopefully, Cuba, the question remains whether they will retain their uniqueness or fall into line with the rest?
Courtesy: Wikipedia
Prime Minister Modi’s skills will be tested on his upcoming visit to the United States. The challenge comes in light of recent anti-India sentiments voiced at a U.S. Senate Foreign Relations Committee hearing. With Modi set to address a joint session of the U.S. Congress, this is an opportunity to address all concerns, be it on policy or polity.
Courtesy: MEA / Flickr
Five rather unfavourable trends define India’s trade performance over the past two years; these trends also provide useful pointers as to where India’s future trade strategy can go over the next three years as it deals with a global economic slowdown, the rise of megatrade agreements and a pivot to a more intensive trade relation with the U.S.