Courtesy: The Wall Street Journal
Javier Milei defied expectations when he won the Presidential election in Argentina earlier this month. The public are looking for early and rapid results that will bring the economy back on a steady keel, even through radical reform. But sectors of the entitled old guard have already announced it will oppose any change in the status quo.
Courtesy: The Week
To qualify for the IMF’s latest bailout, Pakistan has had to share accurate information on its economy including its debt to China. This confirms the speculation of Pakistan’s gigantic indebtedness to China.
Courtesy: Hey Tripster
Türkiye has seen steady development under the leadership of Recep Erdoğan despite domestic and international crises and a difficult neighbourhood. It now has a solid middle class that has voted Erdoğan back as President.
Courtesy: Dhaka Tribune
Dhaka recently hosted the Indian Ocean Conference 2023, a multi-country event featuring speakers and participants from the Indian Ocean countries. In recent years, Bangladesh has gone from a ‘basket-case’ to a case study in progress, and across Dhaka are signs of a city undergoing dramatic change.
Courtesy: Reuters
The author participated in the B20 Summit in Bali and saw in it a reflection of Indonesia’s culture and hospitality, but also its attraction for investors despite geopolitical stresses. Indian business can take a cue from Indonesia, and use India’s B20 engagement to push for ease of doing business and improved quality of life indicators – an additional condition for India’s G20 Presidency’s success.
Courtesy: Reuters
The Reserve Bank’s move to enable international trade in INR is a step towards regaining Indian primacy in the Indian Ocean region that the Indian Rupee once enjoyed. It is also an essential financial dimension that will add heft to India’s strategic SAGAR policy.
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.
Courtesy: The Print
Pro-Khalistan organisations have collaborated with the ISI to disseminate anti-India narratives and influence the Indian diaspora. While this has little traction within the country, there is a need for India to extend support to those expatriate Indian communities which are actively countering the misinformation spread by these organisations and Pakistan-sponsored fringe groups.
Courtesy: Sri Lanka Guardian
2022 marks 35 years since the Indian Peace Keeping Forces were deployed to oversee the Indo-Sri Lankan Peace Accord. An attempt to diffuse civil unrest, this engagement eventually turned into war. The incident serves as a reminder that India can learn more from its errors than its victories.
Courtesy: Shutterstock
India has seen a recent influx of refugees from Afghanistan and Myanmar. This has highlighted the absence of a concrete refugee policy in India. India must formalise its approach towards refugees. The Citizen Amendment Act of 2019, is a start. India can move this forward by learning from the examples of other democracies like the U.S., Kenya and South Korea, on how to balance international law with its national security interests.