rupee Courtesy: Amit Bhandari
27 April 2023

Towards multi-currency trade

The dominance of the U.S. dollar in global trade and its status as a fiat currency means it is unlikely to be replaced in the near future. However, the repeated and continued use of sanctions has created the need for a multi-currency trading regime. India must now prepare alternative payment systems and promote the use of the Indian rupee in global trade.

Port-of-Matabari Courtesy: India Shipping News
24 April 2023

A new troika for India’s Northeast

India’s Northeast is developing and getting close to its goal of being part of the Indian mainstream in connectivity and business – which is also critical for the success of India’s Act East Policy. For both goals, Bangladesh and Japan are invaluable partners and friends. The troika’s collaboration can be a model in the region.

mappr Courtesy: Mappr
20 April 2023

Uzbekistan balances the geopolitical quartet

India is rapidly increasing its economic engagement with Russia, and other former Soviet countries. This means it must look at old friends in Central Asia with new eyes. Uzbekistan is one of them. India is one of a quartet of geopolitical powers playing to the strategic interests of this nation which sits at the crossroads of South, East, West and Central Asia and Russia.

FuIkSegXwAA1PDo Courtesy: Twitter / Hindustan Times
20 April 2023

A Buddhist quest for global peace

The first Global Buddhist Summit is being held in New Delhi this week, a continuation of India's strategic and diplomatic outreach to Buddhist countries in Asia. The Summit offers India an opportunity to deepen the dialogue on its shared, millennia-old transnational Buddhist legacy with these countries, and arrive at contemporary solutions for global conflicts using the lens of Buddha Dhamma.

shipping-containers-Nantong-eastern-China-Jiangsu-Province-trade-ap Courtesy: The Week
13 April 2023

India-Russia in the shadow of sanctions

In 2022, increased sanctions were imposed on Russia by the U.S., E.U., and their allies. The track record of Western sanctions shows they are quick to be imposed, but slow to be removed. In the current environment, it is reasonable to assume that sanctions on Russia will stay in place for a very long time. India should plan its defence and commercial relations accordingly.

world-bank png Courtesy: CNBC-TV18
13 April 2023

Deepening multilateral development bank reform

The World Bank has published a reform roadmap for multilateral development banks. It touches upon operational change, but in a limited way. The roadmap remains largely silent on how a 21st century World Bank can better address some of the long-standing frustrations that borrowers express about working with it and other such development banks.

HMS Monmouth is pictured with the Indian aircraft carrier INS Vikramaditya during the vessels transit through the English Channel.

The 4,900 tonne frigate met up with the newest Indian aircraft carrier  – weighing in at a massive 45,000 tonnes and helped her safely through the busy English Channel.
 
Originally built for the Russian Navy as a modified Kiev class aircraft carrier, called Baku in 1987, India procured her in 2004 and she was accepted by the Indian Navy in a commissioning ceremony in November 2013.  

Following successful sea trials in July 2013 and aviation trials in September 2013 the carrier began her long journey to her new home of India escorted by auxiliary INS Deepak and Talwar class frigate INS Trikand.


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© Crown Copyright 2013
Photographer: LA(PHOT) Dean Nixon
Image 45156377.jpg from www.defenceimages.mod.uk Courtesy: South Asian Voices
6 April 2023

The U.K.’s Indo-Pacific push

The UK has been admitted to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership or CPTPP, a significant step forward for its efforts in achieving its Brexit goals. The benefits will be more strategic than economic, as it gives the UK a place in the new ‘Atlantic-Pacific’ region.