Courtesy: G20 Saudi Arabia/Twitter
The G20 will prove vital in maintaining economic balance in the post-COVID world. The strains are many, but like the financial crisis of 2008, this could be a defining moment for its members to exercise delicate diplomacy to combat the challenges of COVID-19.
Courtesy: DRDO/Twitter
Finance Minister Nirmala Sitharaman’s recent announcement of defence reforms is an appropriate opportunity for India to create a vibrant and profitable defence-industrial base by focusing on the procurement process, capitalising on emerging technologies and partnering with like-minded countries.
Courtesy: Shutterstock
For countries and companies reeling from the severe economic impact of COVID19, force majeure is a mighty legal tool that has not received much attention in contracts. An analysis of what it is, how it works and how it can be enforced.
Courtesy: MEA/Flickr
Japan has determined $ 2.2 billion for rehabilitation of industries exiting China. Prime Minister Modi’s new stimulus package, close to 10% of GDP, could be the impetus Japan needs to refocus FDI to India
Courtesy: National Informatics Centre
Compared to many countries India’s digital initiatives to monitor and control the impact of COVID19 have been surprisingly successful and swift. Creating and implementing the deep IT infrastructure necessary for this success is the National Informatics Centre (NIC) - the government’s pan-India, digital backbone.
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Under the ‘Artemis Accords’ the U.S. is planning an international coalition to extract natural resources from the Moon. China is concurrently planning an Earth-Moon Special Economic Zone. India’s antiquated endorsement of the 1979 Moon Agreement is shackling its true potential for economics-driven space exploration. India must immediately do away with Cold-War era, vintage whims of global commons.
Courtesy: Burrough's Wellcome archive
To tackle Covid19 the Indian government has invoked the colonial-era Epidemics Act of 1897, originally enacted to tackle the Bombay Plague of 1896. The plague wreaked havoc across Bombay and presented some of the same challenges the government faces today, including a migrant labour exodus. History teaches by examples - here is a glance in to the past
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The COVID19 crisis has thrown into stark relief the strategic influence China wields across various agencies of the United Nations, especially the WHO. This raises the question - will the UN, as an important supra-governmental body, be able retain impartiality in the post-covid world order?
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The government’s short-term approach to tax planning brings in immediate revenues but has the long-term downfall of driving away business, and encouraging tax evasion. No country has taxed its way to prosperity and India is no exception.
Courtesy: Gateway House
The shifting geopolitics of the COVID19 crisis might be an opportune time for India to consider new strategies for managing and curtailing Pakistan’s military aggression in the future. One policy tool used effectively by other countries is the imposition of economic sanctions. India needs to devise a comprehensive, multi-pronged approach.