On Dec 1, the Reserve Bank of India introduced the Indian Digital Rupee-R (retail) on a pilot basis with four participating banks. Reserve Bank historian and former central banker Bazil Shaikh explains what a digital rupee is vis a vis traditional money, the advantages and concerns, and its future in cross-border transactions.
Courtesy: Gateway House
Gateway House is the only institution in India that has hosted official and independent meetings under the annual G20 process since 2015. In October 2022, Gateway House initiated an independent G20 Task Force on Energy Transitions and Climate Finance, the first task force of India's G20 Presidency of 2023. In this compendium of reports, Gateway House assesses and includes its engagement with this influential multilateral through task forces, research and meetings of the last nine G20 Presidencies.
Courtesy: India Blooms
German Chancellor Olaf Scholz's essay on Zeitenwende emphasises a strong Germany as a guarantor of European security. It has attracted global attention - but has virtually no mention of India. In parallel, however, the visit of Foreign Minister Annalenna Baerbock reinforced Germany's interest in India, and suggested an upgrade to the bilateral. It is necessary, if India is to seek expanded economic ties with Berlin.
Courtesy: Reuters
The author participated in the B20 Summit in Bali and saw in it a reflection of Indonesia’s culture and hospitality, but also its attraction for investors despite geopolitical stresses. Indian business can take a cue from Indonesia, and use India’s B20 engagement to push for ease of doing business and improved quality of life indicators – an additional condition for India’s G20 Presidency’s success.
Courtesy: India Briefing
Trade-shy India is now energetically embarking on a series of trade agreements to boost exports, remove barriers for skilled Indian professionals and secure imports of essential raw materials for manufacturing growth. New trade agreements signed with Australia, the UAE and soon the U.K. will be templates for more to come.
Courtesy: Twitter @narendramodi
India has not invested much in multilateral rule-making institutions like the G20, but it is never too late to start. India is ahead in some aspects, particularly technology with digital public goods and its governance. But it will certainly need help and expertise.
Courtesy: Shutterstock
Despite the current tense global atmosphere, India and its foreign policy have remained true to its core of peace and security for all and equity and justice for the developing world. Throughout history, dialogue and diplomacy has been supported as a solution to dispute. Now, as G20 President, New Delhi can sow these seeds of peace in an increasingly multipolar world.
Courtesy: Valdai Discussion Club
The reference to India by Russian President Vladimir Putin at the Valdai Discussion Club may be interpreted as encouragement to New Delhi to use its good offices to nudge the warring sides to the negotiating table. Mediation is a big power game, and this may be the right time for India, at the cusp of the G20 Presidency, to start with a record of success
Courtesy: HarperCollins Publishers India
Tilak Devasher’s book on the Pashtuns brings out the dynamics of the Pashtun, their code, their relationship with Islam and with Pakistan. It contextualizes the current geo-political challenges in South Asia, making it required reading for those who want to understand not only the Pashtuns but regional strategic and security dynamics.
Courtesy: Airtel
Space and undersea cables are critical to India’s communications infrastructure. While India’s space programme has been largely successful, in undersea cables, India is barely present. As global reliance on undersea cables and the data it carries, grows, India’s security interests strategically converge with maritime cables and space, and opens opportunities for international cooperation.
