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Saudi Arabia, Russia and other oil producers are trying to cap oil production to support prices. Such distortions are unlikely to work. India should be more concerned about the long term rise in oil prices due to falling investment in exploration and production – and should protect itself by acquiring oil and gas assets to cover its energy needs.
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At a recent panel discussion on Calcutta hosted by Gateway House-Avid Learning for the Kala Ghoda Arts Festival, the conversation centred on Calcutta’s cosmopolitanism, multiculturalism, and the parallels and non-parallels between Calcutta & Bombay.
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The recent cyber attack on Ukraine’s power grids is indicative of the cyber space becoming the most useful tool for perpetuating geopolitical rivalries. Many countries are rapidly expanding their offensive cyber capabilities, and it appears the militarisation of cyber space is complete.
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The outcome of the Iowa caucus has been stunning for both parties, where Donald Trump’s defeat as well as Hillary Clinton’s near defeat was not foreseen by anyone. All eyes have now turned to the New Hampshire primaries where Hillary Clinton beat Barack Obama in 2008, but went on to lose the Democratic nomination.
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China’s stock market has tanked over 20% in January 2015. More than the fall in the stock market, it is the reaction of the Chinese authorities that suggests bigger problems.
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The common Indian complaint is that, despite a global trend of falling crude oil prices, the price of petrol has not reduced. However, if the dollar price is examined with the price of oil, it becomes clear that Indians are paying less for fuel now than they would have, had the 2003 pricing trend continued.
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A recent confrontation between the Nigerian army and the Islamic Movement of Nigeria has rekindled the state’s tensions with its Shia citizenry. However, Nigeria should pay heed to its own contemporary history of the armed crackdown on an obscure religion sect that led to the birth of Boko Haram, and exercise caution while dealing with minority groups.
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In his last and final State of the Union address, President Obama reasserted the United States’ global supremacy as a military and political power. He claimed credit for the historic Iran deal while conceding that Congress had maneuvered efforts on many crucial fronts
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China's decision to relax its “One Child Policy” will have a lesser impact on tackling the country's looming demographics crisis than people expect. In contrast, India has seen its population growth rate adjust naturally, helped by non-coercive family planning policies.
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The odd-even formula has the advantage of having involved leaders as well as common citizens. The Government must now improve air quality by urgent measures across a wide front in Delhi, and then in the entire NCR.