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The Space20 is the newest sub-forum of the G20 initiated by Saudi Arabia, with the support of the United Nations Office of Outer Space Affairs. India, on its way to the G20 presidency in 2022, should set a comprehensive Space20 agenda for the democratization of outer space, whereby it can share its space growth story with the developing world and achieve its goal to become a global knowledge epicenter.
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The UN turned 75 this year but instead of grand celebrations, the world witnessed an empty UNGA with world leaders addressing it via video screening because of the pandemic. The UN is under unprecedented stress and being shown up for its inability to tackle the challenges of today like the pandemics, climate change, terrorism or global peace and security. The institution's key governing structures, especially the UN Security Council, are inadequate and demand reform. India must now use gritty resolve to ensure its place in these governing structures.
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The current notions of physical ‘permanent establishment’ or tangible locational nexus are not well-suited for the taxation of modern digital economy, especially for taxation of business income, rents or revenue creating activities. In a Covid-19 wrecked global economy, where government revenues are under severe stress, there is a compelling case for a market country or the value-creating jurisdiction to tax the income or rents attributable to the concerned market or location.
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With Oracle, Walmart and U.S. venture capitalists now holding the majority of TikTok Global’s shareholding, China’s closed digital world gets a breather, and the possibility of a truly open global Internet, gets a blow. China has won this round.
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The depth and complexity of India’s digital citizenry and ecosystem puts it in a unique position to impact global rules on digital governance. An opportunity to assert its influence is coming up with India’s presidency of the G20 in 2022. Work on this agenda must begin now.
Courtesy: Tim Willasey-Wilsey
U.S. presidential candidate Joe Biden has an ancestral connect with India, as does his vice-presidential nominee Kamala Harris, both tracing it back to Chennai, then Madras. During the 19th century, brothers Christopher and William Biden worked for the East India company, taking the rather arduous ship route between London and India. While William died at an early age, Christopher went on to Captain several ships during his service and eventually settled down to a prosperous life in Madras.
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Facial recognition technology has emerged as an important identification tool. Big tech, social media companies and governments around the world use it and hold an unprecedented power over individuals and communities. Its use for surveillance purposes has brought it under public scrutiny. The technology has still not been perfected. Is it really ready for adoption?
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The recent rush of U.S. capital into India’s digital future, and India’s recent structural reforms, is the impetus for an attractive collaboration between the U.S. and India. To really succeed, the U.S. will have to support India with the same kind of technical assistance and best practices in areas like regulation, distribution, and innovation, that it gave China. The alternative is for India to follow Europe’s regulatory model, which places less of an emphasis on job growth and innovation.
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The COVID crisis compelled a change in the Business20 (B20) focus areas to reviving health, health facilities and business activity in 2020. India must start work now to give the B20 even greater responsiveness and relevance as the prospective G20 chair in 2022.
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China’s escalating actions in the wake of the COVID-19 catastrophe is a calculated strategic diversion and risk. In the Indo-Pacific, tensions between China and the U.S., Australia, India and others are building momentum. As a geopolitical partnership, the relevance of the Quad is now proven. There are clear ways to empower it immediately, and make it a resilient grouping.