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Sanctions against Russian energy, high cost fuel, heat waves and droughts all at once have raised the price of daily energy use to unprecedented levels and plunged large parts of the world into darkness.
Courtesy: Reuters
The Ukraine crisis has sent the EU scrambling for new gas supplies, generating fresh interest in gas pipelines from Central Asia and West Asia via Turkey. Practical difficulties make most of these new projects unviable.
Courtesy: Gateway House
Multilateral funding can aid regional financial connectivity between the Bay of Bengal states, where financial networks are scarce. India's successful fintech can be mobilised to create a local ecosystem of startups with better access to funds and strong ties to the Indian market.
Courtesy: The Wall Street Journal
With the Taliban now ensconced in Kabul and being given legitimacy to represent Afghanistan, the worry for New Delhi is the Taliban-affiliated terrorist groups which are already looking eastward to India. This graphic shows the relationship between the terrorist groups in Afghanistan and their anti-India cousins.
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On 28 May 2021, the Biden administration submitted a much-delayed Defense Budget to Congress, asking for $715 billion for 2022, a 1.6% increase over the previous year’s $703.7 billion. This marginal increase highlights the U.S.’s shrinking capacities compared with China, which spends less than a third of the U.S. on defence. This Budget is focussed on challenges in the U.S.’s geographic vicinity, not the administration’s resolve to counter the threat of China from a position of strength.
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On 3 March 2021, the Office of the Prosecutor at the International Criminal Court (ICC) at the Hague, commenced an official investigation into Israel and Palestinian Armed Groups' alleged war crimes committed in the occupied territories of Palestine since July 2014. Palestine, which referred the case, is a member of the ICC, but Israel is not. Does the ICC have any jurisdiction in these cases? Will US support for Israel play a role? The three instances in the table show precedents in similar matters.
Courtesy: World Economic Forum
In March 2021, the World Economic Forum (WEF) announced the addition of 15 manufacturing facilities to the prestigious Global Lighthouse Network. Two Indian companies were on the list – the Tata Steel facility in Jamshedpur, and the ReNew Power facility in Hubli. This is twice the number of Indian companies on the list last year. Many more facilities will likely be added to the WEF list, as several prepare to graduate their manufacturing businesses to keep up with Industry 4.0.
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On 18 Feb 2021, China and India completed a week-long border disengagement at Pangong Tso, ending a 10-month standoff. The Indian Army's Operation Snow Leopard, launched in late August 2020, provided India with strategic and tactical leverage during the negotiations. More broadly, India combined its political, technological, economic and diplomatic forces, creating a Comprehensive National Defense to counter Chinese adventurism. This infographic tracks the chronology of Indian actions, starting with the border standoff from Jan 2020 to last month's disengagement, nearly a year later.
Courtesy: Gateway House
With the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 set to be introduced during parliament’s on-going budget session, India is now ready to introduce its own official digital currency—following in the footsteps of China and Russia. So far, Indian regulations prohibited the public from trading in crypto-currencies. However, the investor community has an interest in them, as an asset that is not subject to government devaluation, unlike regular fiat currency in circulation. This infographic traces the evolution of crypto-currencies since the launch of Bitcoin in 2009.
Courtesy: US Navy/Twitter
Australia's much-awaited inclusion at the Malabar Exercise-2020 reflects a hard reset in India's foreign policy that was traditionally accommodative to Chinese concerns on the militarisation of the Quad. In the backdrop of the on-going stand-off with China at the Ladakh border, the Indian Navy has maintained a high operational tempo and deployed the highest numbers of frontline assets during this edition of the Malabar Exercise. India must build on this strategic vision and work towards including France at the next edition of Malabar in 2021.