Courtesy: Lifeforex
Basing the global oil trade on the Yuan instead of the U.S. Dollar is one leg of China’s bid to convert its currency into the international reserve currency, replacing the dollar-dominated global financial architecture. But many factors impede the Yuan from reaching the maturity required for its global adoption.
Courtesy: Zee News
Indonesia and Malaysia appreciate India’s leadership role in the Indo-Pacific, but are also aware of all that keeps it from delivering on its commitments. A policy visit to the two countries enabled a closer look at some key issues, such as ASEAN’s centrality, the Quad and India’s stand on the Regional Comprehensive Economic Partnership
Courtesy: Kremlin website
The annual diplomatic exercise next week takes place amid a complex global political scenario. The western alliance is deeply divided, Brexit is near and equations among the great powers are in a constant state of flux. BRICS may now do well to focus more on internal cooperation than global change
Courtesy: National Museum of the U.S. Air Force
Washington is planning to integrate its military space operations. Each arm of the United States Armed Forces has had a space command until now but uniting these discrete units into a new Space Force is a step ahead. The U.S.’ big-picture ambition is ‘full spectrum battle-space dominance’ and the contest to achieve it has implications for the defence and space industry
Courtesy: IIM, Indore
The world order that came about in the aftermath of World War II was a western-oriented construct that has become obsolete in many ways. The changes underway offer India an opportunity to participate in the crafting of political and economic institutions that are more pertinent to the emerging geopolitical equations
Courtesy: Gateway House
Border regions and communities, some of them far from the heartland, constitute India’s first line of defence, a critical link in its national security. India’s 15,000-km borders touch seven neighbouring countries: Afghanistan (abutting Gilgit), Pakistan, Nepal, Bhutan, China, Bangladesh, Myanmar. Border regions have their own local dynamics, often shaped by subnational and religious identities that do not necessarily align neatly with political borders. Some also serve as flourishing corridors for illegal smuggling of goods and humans. Technology plays an important role in better protecting borders, but in some cases it has made borders obsolete. Despite their importance, border regions do not receive the full attention of the Indian mainstream, except when border tensions arise.
Courtesy: Sameer Patil
With India distracted in the Kashmir Valley, the critical border region of Ladakh has become a target of Chinese attention. Beijing appears to be exploiting Buddhist sectarian rivalries as it did in Tibet
Courtesy: Wikimedia
The June 12 summit was characterised by give-and-take as opposed to the one-way approach practised by earlier U.S. administrations. All countries welcomed the agreement and there is hope that this realism will enable the United States to address other contentious issues too
Courtesy: MEA Flickr
Prime Minister Modi’s visits to South East Asia last week were major steps in furthering the goals of India’s Act East Policy even as major power rivalries unfolded in the region. Most significant was the visit to Indonesia, a low key Asian power but one that India can partner to enhance its regional stature.
Courtesy: Chinanews
Pakistan is about to launch two military satellites in June with aid from China. It is pursuing its renewed space programme, using the same clandestine tactics it used for developing its atomic programme