Prime Minister Narendra Modi's announcement on November 8 to demonetise notes of the denomination of Rs 500 and Rs 1000 has a precedent. This infographic traces some interesting demonetisation initiatives around the world. From discontinuation of high denomination notes due to lack of circulation, to the use of beer and water as 'real assets' in place of hyper-inflated currency.
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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
Since the end of the cold war, India has deepened its engagement with Israel while continuing to support the Palestinian cause. India’s position does not emerge out of a vacuum. The country has had many geopolitical and moral considerations to take into account before determining its stance.
With a cessation of hostilities been brokered by Russia and the United States, the conflict in Syria has entered a tense pause. India has had a bystander attitude to the conflict in Syria. However, with the truce expected to be short, does India have the incentive or the option to depart from its current position, and deepen its engagement in Syria?
The world has witnessed a number of upheavals in the past few years, precipitating widespread global political turbulence stemming from geo-economic instability. Over the next couple of months, Gateway House experts will attempt to deconstruct these events and how India and its foreign policy can work to take advantage of these trends.
Today ISIS is the gravest international security threat. To defeat ISIS, the world should pay heed to India’s experience of the need to isolate state sponsors of terrorism. Ultimately, only when Saudi Arabia acknowledges the danger to its own survival from past policies of alleged support to extremist groups, can it be a reliable partner in the fight against ISIS.
The announcement in June of a Saudi-Israeli alliance against Iran has to be seen in the context of the strategic dimensions of India’s relations with Saudi Arabia, Israel, Iran, and the U.S. And it has far-reaching implications for India’s policy towards West Asia
Iran's nuclear deal deadline is looming large, and sparks are already flying. While there is opposition to the deal from Israel, within Iran there are powerful interest groups driven by ideology and business interests, who are doing as much as possible to prevent a deal from being reached
Israeli defence minister Moshe Ya'alon’s recent offer of defence technology for Prime Minister Modi’s Make in India initiative may signal expanding bilateral relations, and it is an opportune moment for the two countries to consolidate long-term common ground in areas such as counter-intelligence and naval cooperation
The last ten years had signalled the Saudi intention of building closer relations with India based on their immense crude oil resources and India’s growing market and skill sets. With a new king on the throne and the on-going turmoil in West Asia it is in New Delhi’s interest to initiate high-level visits with Riyadh as soon as possible