Courtesy: zeenews
Sri Lanka's crippled economy requires immediate and robust reforms. India faced similar adversity when PV Narasimha Rao pulled the country out of the economic crisis in 1991. Will new president Ranil Wickremesinghe follow the example of India's 1991 reforms to save his country and economy?
Courtesy: Telegraph India
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.
Courtesy: Financial Express
Great power competition in the Indo-Pacific is a concern for regional powers. India’s maritime security strategy has adapted to this geo-political change, and is moving from acting as a balancing power, to a leading force in the region. India is a near, yet non-resident power, and has a strategy for providing stability, prosperity, and security in the Indo-Pacific and Indian Ocean regions.
Courtesy: Economic Times
The warning signs were visible long before the Ukraine conflict. Years of insufficient investment into oil and gas production resulted in high price, and shortages. With investors keeping away from traditional fuels, the conflict in Ukraine precipitated the inevitable. Energy-dependent India must now insulate its supply chains.
Courtesy: Shutterstock
The Bay of Bengal is a natural bridge between South and South-East Asia, which New Delhi seeks to optimise. But progress on India's Act East policy has been slow, creating a space for China's Belt and Road Initiative to step into. While India cannot match China’s cheque-book diplomacy, it can use its start-up industry to pursue a combination of physical, technological and financial projects to improve regional connectivity.
Courtesy: Shutterstock
The UN turned 75 this year but instead of grand celebrations, the world witnessed an empty UNGA with world leaders addressing it via video screening because of the pandemic. The UN is under unprecedented stress and being shown up for its inability to tackle the challenges of today like the pandemics, climate change, terrorism or global peace and security. The institution's key governing structures, especially the UN Security Council, are inadequate and demand reform. India must now use gritty resolve to ensure its place in these governing structures.
Courtesy: MEA/Flickr
The first-ever virtual summit of leaders from member-states of the South Asian Association for Regional Cooperation on March 15 was an innovative exercise in showing solidarity in containing a pandemic. Here is an assessment of its tangible outcomes – and longer-term ways to prepare for SAARC’s revival
Courtesy: MEA/Flickr
South Asia’s speedy economic development depends on the level of integration between countries in the region. The South Asian Association for Regional Cooperation (SAARC) and the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) have lost their momentum. But both platforms have their uses and can be revived creatively
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The upcoming Financial Action Task Force (FATF) plenary session 16-21 February will be crucial for both Pakistan and Iran as the anti-money laundering and anti-terrorist financing measures undertaken by the two countries will be reviewed by the 39 member states of the FATF. Decisions will be taken on their retention or removal from the grey list and black list respectively
Courtesy: The Hindu/Handout
Chinese president Xi Jinping’s visit to Myanmar on January 17 highlighted the economic aspect of the two countries’ bilateral relationship. China has been Myanmar’s top partner for years. But more than the 33 agreements signed, the visit threw light on the region’s changing geopolitics and Myanmar’s own compulsions in growing closer to China