Courtesy:
Zambia celebrated 60 years of independence last week. The African nation's position at the crossroads of eastern central and southern Africa and unbroken democratic rule makes it a vital strategic partner for India in the continent. The country’s vibrant political institutions and abundant natural resources indicate opportunities in the energy, mining, and tourism sectors that can revitalize a historically cordial relationship between India and Zambia.
Courtesy: The Hindu
During his visit to New Delhi this week, Australia's navy chief highlighted the need for greater maritime cooperation on security issues in the Indo-Pacific. While India is aware of its growing role in maintaining a free, open and inclusive Indo-Pacific, it must also convey to its partners that on matters of security, it prioritises dangers closer to home in its Indian Ocean neighbourhood.
Courtesy: Telegraph India
India has raised import duty on gold yet again. This will drive gold smuggling, whose nearly 16% return on investment therefrom will make hedge funds envious. Apart from loss of revenue, smuggling also means greater cash flows for the underworld, and potential terror finance.