A giant step for Myanmar
Aung San Suu Kyi anchors new democratic government, but tough challenges remain
Aung San Suu Kyi anchors new democratic government, but tough challenges remain
As Iran emerges from three decade of economic sanctions, it has embarked on a quest to reunite with its traditional trade partners like India. Both countries have much to give and take as they invigorate trade ties and explore new possibilities.
Two weeks after Finance Minister Arun Jaitley announced the Union Budget 2016-2017, it continues to be a hotly discussed topic. This pro-farmer budget has laid down great plans, but in a nation where Mars Missions and farmers suicides occur simultaneously, aspirations will have to take a backseat until the way forward has been paved.
The power game in Myanmar has become clearer with the election of U Htin Kyaw as President. However unanswered questions remain as to the role of NLD leader, Aung Suu Kyi in this new government as well as how Myanmar will operate with two very different groups at the steering wheel.
With the increase in allocation to the agriculture sector in Budget 2016, the Modi government has revealed a renewed tilt towards rural India. How this financial roadmap will lead to revitalizing agriculture and developing rural India will depend on the politics.
A tectonic shift is occurring in the science landscape, wherein newly-developed nations are audaciously investing in frontier scientific research at par with developed nations. India is game to join this new wave of advancement, but its research-funding mechanisms are deficient. Can Indian philanthropy endow indigenous R&D?
Prime Minister Modi's energetic foreign policy and travel has focused on attracting foreign investments. But the task of translating commitments into investments on the ground rests with the Ministry of External Affairs. And the MEA needs greater resources to realise the benefits of Modi's deepening economic diplomacy abroad.
India’s recent ratification of the nuclear liability convention is being portrayed as a dilution of India’s stand on civil nuclear liability and its own 2010 law on the subject. This is, however, incorrect, and India’s stand on nuclear liability remains unchanged.
Despite major political change in Brazil, Argentina, and Venezuela due to global economic tumult, it may be premature to speak of a rightward shift in Latin American politics. Yet, developments in these democracies need to be monitored carefully as India has a stake in their political stability.
The elections are over and the transition towards a democratic government in Myanmar is currently underway. However, the sailing isn’t as smooth. The NLD and the military are in agreement but are cautious at the same time. Myanmar promises to be a car driven by two drivers.