In July 2020, Germany takes over as President of the European Union. It’s a fraught time to lead the union which has been slow to react to COVID-19 and needs a new direction. With the pandemic, the U.S.- China stand-off, and a global economic crisis – Chancellor, Angela Merkel has her work cut out.
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The launch of the U.S.’s Dragon-2 astronaut capsule by SpaceX has a resonance in India too. India’s future heavy-lift launchers, already under development, can be competitive if they are transformed to Two-Stage-To-Orbit and made reusable. The successors to Gaganyaan, Chandrayaan and Mangalyaan, developed in public-private partnerships, can result in a vast domestic launch market for India’s heavy-lift rocket capability.
With more than 130 and 119 million users respectively, Chinese apps such as UC Browser and TikTok are not merely internet products, but serious content aggregators in India. But the final control of data collected by these apps resides in China, and this creates a grave risk to national security.
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?
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.