Key GST lessons from the world
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences
The long march to implement the long-awaited Good and Services Tax in India has just begun. It is instructive to understand how other countries introduced this tax and cherry-pick lessons from their experiences
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
The victory of Donald Trump in becoming the presidential nominee for the Republican Party is a significant moment in American history. However, the cause for common unity in the GOP is associated with a hatred towards Hillary Clinton, not support for Donald Trump. Controversies like the recent WikiLeaks of Democrat Party emails are sure to increase in the road to November, making it a rocky and treacherous one.
Prime Minister Narendra Modi's fourth visit to the United States has been met with hails of success and with comments of 'too little, too late'. While Modi's friendship with President Obama is often credited for improving bilateral relations, the U.S. leader is currently nearing the end of his term. The new President will have their own geopolitical demands, which will invariably result in India being relegated to a second-term priority.
At present, South Africa finds itself charting political and economic policy uncertainties. This is not to suggest that the domestic political crisis will see different trajectories unfolding with regard to its BRICS/IBSA engagements, or on a broader foreign policy path, but it will have repercussions at the international level, in terms of investor confidence, credit ratings, and currency volatility. Pretoria will face constant pressure to be seen as a credible actor, especially when it comes to its African identity.
Narendra Modi’s landslide victory in India's 2014 general elections, despite his hardline nationalist image, was viewed as a localised phenomenon. But two years later, voters across the world from Europe to Philippines seem to be tilting towards leaders with the same nationalist tag.
It is beginning to be clear that the 2016 U.S. presidential race will see Donald Trump go head-to-head with Hillary Clinton. As these two contenders near the stage, Trump’s “America First” has started to ring differently, while Hillary’s “traditional” approach must be adjusted to cater to the financial needs of the American people.
The recent decision of Brazil's lower house of parliament to impeach President Rousseff has once again brought attention to the country's struggles with corruption. The crisis has already affected Brazil’s economy. Its impact on the region and on Indian businesses in the country is yet to be seen.
Statements by Donald Trump, the business magnate turned serious contender for the Oval Office, assert that he wants “good” political and economic deals for the U.S. - even if it means dismantling alliances, i.e. the geopolitical equivalents of Bretton Woods that underwrote the U.S .domination in Europe, Asia and Middle East for more than six decades. A new era could dawn.
The Latin American region already identifies with India through its pop culture, so India needs to capitalise on this goodwill to deepen its diplomatic relations with the region.