India’s e-commerce sector has shown resistance to the COVID-19 pandemic. This is a welcome outcome, and to ensure its success, strong regulatory policy in e-commerce is needed to ensure a level-playing field. This will benefit the customer and strengthen the Digital India and Make in India visions of the government. Can emerging markets look to India for a model e-commerce policy where the regulator has played a part, but not overregulated?
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Globalisation has resulted in the interdependence of nations through the largely unimpeded transmission of investment capital and information, and integrated business operations. The leading beneficiaries have been the global 1%, and China. While it is too late and not possible to roll back an interconnected world order, globalization as we know it will recede, as will China’s standing in the world.
The G20 will prove vital in maintaining economic balance in the post-COVID world. The strains are many, but like the financial crisis of 2008, this could be a defining moment for its members to exercise delicate diplomacy to combat the challenges of COVID-19.
Finance Minister Nirmala Sitharaman’s recent announcement of defence reforms is an appropriate opportunity for India to create a vibrant and profitable defence-industrial base by focusing on the procurement process, capitalising on emerging technologies and partnering with like-minded countries.
For countries and companies reeling from the severe economic impact of COVID19, force majeure is a mighty legal tool that has not received much attention in contracts. An analysis of what it is, how it works and how it can be enforced.
Japan has determined $ 2.2 billion for rehabilitation of industries exiting China. Prime Minister Modi’s new stimulus package, close to 10% of GDP, could be the impetus Japan needs to refocus FDI to India
Compared to many countries India’s digital initiatives to monitor and control the impact of COVID19 have been surprisingly successful and swift. Creating and implementing the deep IT infrastructure necessary for this success is the National Informatics Centre (NIC) - the government’s pan-India, digital backbone.
Under the ‘Artemis Accords’ the U.S. is planning an international coalition to extract natural resources from the Moon. China is concurrently planning an Earth-Moon Special Economic Zone. India’s antiquated endorsement of the 1979 Moon Agreement is shackling its true potential for economics-driven space exploration. India must immediately do away with Cold-War era, vintage whims of global commons.
To tackle Covid19 the Indian government has invoked the colonial-era Epidemics Act of 1897, originally enacted to tackle the Bombay Plague of 1896. The plague wreaked havoc across Bombay and presented some of the same challenges the government faces today, including a migrant labour exodus. History teaches by examples - here is a glance in to the past
The COVID19 crisis has thrown into stark relief the strategic influence China wields across various agencies of the United Nations, especially the WHO. This raises the question - will the UN, as an important supra-governmental body, be able retain impartiality in the post-covid world order?