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This article attempts to explain the current crisis facing the world, and in particular many European countries, relating to sovereign debt and the consequent crisis, in simple layman’s terms. It also suggests how best India can weather this crisis.
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India’s tumultuous politics, weakened capital market, retroactive tax laws, uncertain growth rate, and bleak investment climate are adding up to India’s gloom. We need strong leadership and bold reforms to strengthen our economy.
Courtesy: LGEPR
With turmoil in the Middle East, a drawdown in Iraq and Afghanistan, the Iran-Israel-U.S. conflict, the international community has paid little attention to the democracy of a small group of people - the Bahrainis. More worrisome, however, is that politics now responds to the elite.
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By forcing regime change in Libya, and attempting the same in Syria, and by promiscuously arming disparate groups of Wahabbis and Salafists to achieve this aim, NATO is creating more room for instability in the region. What Syria needs is engagement, not isolation; it needs dialogue and not the arming of rebels.
What are the implications for India if Iran is attacked? How effective has the response been by gulf nations to their own protests? Ambassador Talmiz Ahmad, India’s former Ambassador to Saudi Arabia, discusses the dynamics of West Asia with Gateway House’s Alisha Pinto and Azadeh Pourzand.
Courtesy: PMO
Over the past thirty years, the U.S. and Iran have been at odds over Iran's alleged nuclear weapons programme. India too has a large stake with both countries - with the U.S. as a strategic partner and Iran for its oil imports - and resolving this conundrum will require some creative diplomacy.
Courtesy: Ministry of Defence, India
India must revisit the need for a unified command structure, to effectively use the enormous combat power it is developing at such astronomical cost. A balanced force-restructuring based on operational needs can enable the armed forces to project itself as a single, viable, effective war machine.
The scope for any process on nuclear talks with Iran to founder on distrust, misunderstanding and political in-fighting in both Tehran and Washington remains formidable. Equally disturbing are the wider political realities. Can the upcoming talks in Istanbul launch a process that can, over time, lead to agreement?
Courtesy: Asia Briefing
China’s Outbound Direct Investment(ODI) has reached commercially and geo-economically significant levels and begun to challenge international investments by other countries. Local provincial companies of China are among the fastest growing area in outward investment.
Courtesy: U.S.ArmedForces/WikimediaCommons
Asif Ali Zardari, who previously made sound pronouncements on Indo-Pakistan ties, will soon be the first Pakistani President to visit India since 2005. Though he has a reputation and interest in business affairs, a modest, innocuous deal may work better this time than the lofty promises made in the past.
