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India’s economy is now riding a roller-coaster
Aug 26, 2019

India’s economy is now riding a roller-coaster

The problem is that no political economy sensitive plan to implement these reforms has emerged.

India’s quest for a Small Satellite constellation
Jul 25, 2022

India’s quest for a Small Satellite constellation

Apart from training, the Indian Armed Services need Small Satellites for net-centric missions.

India’s UPI Market: Projections for Growth Under Various GDP Scenarios
Sep 08, 2023

India’s UPI Market: Projections for Growth Under Various GDP Scenarios

This paper projects the nationwide and state-wise size of India’s Unified Payments Interface (UPI) market under various GDP growth scenarios. The market sizes under these scenarios are expressed in monetary values at the scale of both sub-national units and the Indian economy as a whole. With the help of transactions and market share data from Phonepe, a UPI company, the paper estimates the national and state-wise base case scenario market volu

India’s Use of Force: The Missing Indirect Approach
Sep 14, 2023

India’s Use of Force: The Missing Indirect Approach

Why does India have so few available options to manage security threats? In crisismanagement, Indian policy-makers have faced all-or-nothing choices, either passivelyabsorbing provocations, or overreacting with massive mobilisations and threats ofgeneral war. In wartime, with the notable exception of the 1971 war, India hasgenerally fought to degrade enemy military capabilities rather than to achieve decisiveoperational effects. This paper argues

Indo-Nepal relations
Dec 01, 2003

Indo-Nepal relations

Nepal's outgoing Ambassador in India, HE Mr Bhekh Bahadur Thapa, gave an impassioned call to all countries in the South Asian region to cooperate in curbing, if not eliminating, the culture of violence and fighting insurrectionists. 'Weapons do not respect sovereign borders'

Investigating the Impact of Commodity Transaction Tax on India’s Commodity Derivatives Markets
May 11, 2021

Investigating the Impact of Commodity Transaction Tax on India’s Commodity Derivatives Markets

The Commodity Transaction Tax (CTT) was imposed on non-agricultural commodity derivatives trading in India from 1 July 2013. This paper investigates the impact of the CTT on some of the efficiency parameters of the commodity derivative markets in India. The authors analysed daily trading data from January 2006 to December 2019 of Multi Commodity Exchange (MCX) of India for five non-agricultural commodities: aluminium, copper, crude oil, gold, and

Iranian missile strikes: Tehran places its geopolitical playing cards upfront
Jan 18, 2024

Iranian missile strikes: Tehran places its geopolitical playing cards upfront

There is no doubt that Iranian security policy is now bent on laying out on the table and publicising its entire gamut of strategic and tactical playing cards for all to see

Is India prepared for a fully convertible capital account?
May 30, 2023

Is India prepared for a fully convertible capital account?

Internationalising the INR and increasing capital account convertibility should only be implemented incrementally

Junctions and roadblocks in Arab politics
May 05, 2005

Junctions and roadblocks in Arab politics

THE DISTURBING aspects of Arab democracy, wrote a columnist in Haaretz recently, "are its implications for Israel." These were listed: advent of democracy in Arab countries would make Israel lose its unique character and the "shared values" with America emanating from it; given the freedom of choice, Arab voters might elect Islamist "extremists"; Arab opinion, as per the most recent Arab Human Development Report

Keep our eyes on the sky
Apr 06, 2019

Keep our eyes on the sky

Now that India has successfully demonstrated its ASAT capability, it should play an important role in mitigating problems such as space debris, space traffic management, orbital frequency issues and other issues.

Leveraging the Rice Export Ban for Crop Substitution in India
Mar 20, 2024

Leveraging the Rice Export Ban for Crop Substitution in India

India is the world’s largest rice exporter, making it a significant player in the global rice market. A global rice shortage is anticipated amid rising geopolitical tensions and commodity prices. To safeguard domestic consumers from exorbitant price shocks, India has banned the export of non-basmati white rice since July 2023. This paper examines the ban's implications, especially regarding welfare redistribution among basmati and non-basmati f

Meeting the fiscal deficit target somehow
Aug 28, 2019

Meeting the fiscal deficit target somehow

By transferring Rs 1.76 lakh crore from the RBI’s surplus funds, the government is determined to meet its fiscal deficit target of 3.3 per cent of the GDP because doing that seems to be its top priority, rather than spending more on infrastructure, welfare programmes and centrally sponsored development schemes.

Mid-summer diplomacy in New Delhi
May 30, 2014

Mid-summer diplomacy in New Delhi

While it may be necessary to keep channels to Pakistan open, so long as the Pakistan military remains the arbiter of Pakistan's destiny, it may be prudent to keep in mind what may be in store for both India and Afghanistan.

Myanmar's wheel of change
Nov 18, 2015

Myanmar's wheel of change

The landslide victory of Aung San Suu Kyi's National League for Democracy (NLD) in the November 8 elections is a harbinger of changing times in Myanmar. Winning clear majority, bagging more than 2/3rds of seats, the NLD has been placed in a position to steer reforms in the country.

Need for corrective policies to curb growing economic inequality
Dec 15, 2011

Need for corrective policies to curb growing economic inequality

There is a lot of disturbing news regarding the Indian economy today which is likely to spoil the outlook for 2012. One of them is regarding the rise in inequality.

Need for more proactive government role to revive economy
Oct 21, 2013

Need for more proactive government role to revive economy

The recent shrinking of the trade deficit to $6.7 billion in September (from $10.9 billion in August) has cheered the UPA government. However, we need to be cautious about favourable signs like a reduction of the trade deficit. Because though it is going to reduce one of the disturbing parameters that are slowing down growth, it could also be indicative of slack industrial activity.

New raja likely to be a good fit at Mint Street
Dec 19, 2018

New raja likely to be a good fit at Mint Street

The first two governors of the RBI worked under the Raj.

Now stagflation at the door
Nov 08, 2013

Now stagflation at the door

How far inflation control will be successful, only time can tell and we have to wait and watch. Inflation is very bad especially for the poor. But inflation cannot be controlled by interest rates alone. By being overly hawkish, the RBI Governor is not going to help industry which is starved of investment.

Re-thinking India's monetary policy
Feb 14, 2014

Re-thinking India's monetary policy

Inflation targeting has become a bone of contention in India. While some economists say a certain level of inflation is a necessary evil, others argue RBI's target is very low and would require monetary tightening. What is required is a balance between fiscal and monetary policy.

Regional Integration in Africa:A Study on the East African community
Nov 08, 2013

Regional Integration in Africa:A Study on the East African community

This paper analyses the initiatives for regional integration in East Africa and the challenges that are being faced in this regard. The paper also examines the development initiatives taken by India in the region. Following the European withdrawal, statesmen ushering in independent Africa were faced with the dire prospect of addressing the many problems their colonial overlords had left upon them. Independent Africa was left in abject poverty

Regulatory Sandboxes: Decoding India’s attempt to Regulate Fintech Disruption
May 24, 2023

Regulatory Sandboxes: Decoding India’s attempt to Regulate Fintech Disruption

In August 2019, the Reserve Bank of India (RBI) released its final guidelines for a regulatory sandbox for fintech firms.[1] Technology innovations are disrupting the traditional financial sector, and the RBI’s regulatory sandbox exercise is an attempt to be more agile and absorb some of this disruption. ‘Sandboxes’ give regulators a chance to work with fintech innovators, mitigate potential risks and develop evidence-based policy, while fi

Right to the city: Urban mobility for women empowerment in the decade of action
Mar 08, 2021

Right to the city: Urban mobility for women empowerment in the decade of action

Improved mobility not only broadens women’s economic and social opportunities, but also plays an important role in curbing urban congestion and envi

Russia-Ukraine war: Is multipolarity the cause of crisis?
Apr 16, 2022

Russia-Ukraine war: Is multipolarity the cause of crisis?

Does multipolarity create more scope for conflicts and act as an impediment to global action or does it aid in conflict resolution and act as a harbin

Sans a supportive fiscal policy, monetary policy will struggle to manage inflation
Apr 11, 2023

Sans a supportive fiscal policy, monetary policy will struggle to manage inflation

Wrestling inflation below 4 percent is a fit metric for both responsive monetary policy and responsible fiscal policy

Shaping a new ethos: The role of emerging powers in the G20
Dec 18, 2018

Shaping a new ethos: The role of emerging powers in the G20

The G20 is a step in the right direction. It is only a step, however. Symbolic inclusion of the emerging and developing world through an arbitrary �

Small Satellite Constellations: The Promise of ‘Internet for All’
Sep 14, 2023

Small Satellite Constellations: The Promise of ‘Internet for All’

Over four billion people do not have access to Internet; that makes a huge two-thirdsof the global population. In India, around four of every five people lack this basic resource. Variousaccess technologies are being developed in different parts of the world to bridge the digital divide.Amongst these technologies, the emergence of small satellites carries immense promise. Thesesatellites are used for applications ranging from remote sensing to co

Space Code: A potential area for US-India cooperation
Jan 19, 2012

Space Code: A potential area for US-India cooperation

Space debris, traffic management and orbital frequency being issues that concern both India and the US, this ideally should be on the agenda in future US-India endeavours. It might be good for both the countries if they can engage in shaping this debate that would give them ownership of the issue.

Space Fence solution: International collaboration
Sep 25, 2013

Space Fence solution: International collaboration

With the U.S. having shut down one of its major Space situational awareness networks, major Spacefaring powers need to make it a priority to contemplate possible solutions to track satellites and orbital debris on a continued basis.

Space missions amidst a pandemic: Automation and the private sector’s role
Apr 23, 2020

Space missions amidst a pandemic: Automation and the private sector’s role

To offset risks and disruptions, it should now become a priority for ISRO to pursue pre-launch automation with greater vigour.

Space should be playground for humanity's dreams, not new battlefield
Oct 10, 2013

Space should be playground for humanity's dreams, not new battlefield

Space, as a true global commons, must be protected for safe, secure and uninterrupted access. India and China, along with other Spacefaring powers, must therefore utilise every opportunity to push for developing norms of responsible behavior, including strengthening measures in the area of active debris removal and on-orbit satellite servicing.

Space: The militarised global common
Dec 27, 2021

Space: The militarised global common

There is an immediate need to revise the Outer Space Treaty as space is becoming the next frontier of war

Staring at stagflation, a difficult year ahead for India
Dec 20, 2016

Staring at stagflation, a difficult year ahead for India

Jury is out about the extent of the slowdown and the RBI has predicted a slower rate of growth 7.1 per cent for 2015-16 and is India staring at stagfl

State Responses to COVID19 and Implications for International Security
May 24, 2023

State Responses to COVID19 and Implications for International Security

This brief examines state responses to the COVID-19 pandemic, taking the cases of India, Israel, Brazil, Hungary and the United States. It studies the language utilised by the government leaders in these countries and finds extensive war-time semantics. The brief explores the interrelationship of such rhetoric with the legitimisation of extreme measures through the construction of an issue as an “existential threat”— a process analysts call

Stoke demand to stop India slowing down
Oct 05, 2019

Stoke demand to stop India slowing down

Even this is optimistic and we could as well be seeing sub 5 per cent growth.

Storm in India’s monetary teacup
Feb 15, 2022

Storm in India’s monetary teacup

Concerns of slipping into a deeper economic crisis emerge as the RBI continues with its accommodative monetary policies

Tame killer highways, liquor ban just optics
Apr 10, 2017

Tame killer highways, liquor ban just optics

Curbing drunken driving requires that drivers, a small fraction of all travellers, be targeted. Most travellers are passengers.

The Abrahamic Middle East — Will Israeli-Arab alignment on Iran create a new equilibrium for peace? 
Dec 28, 2020

The Abrahamic Middle East — Will Israeli-Arab alignment on Iran create a new equilibrium for peace? 

Despite the narrative of ‘peace’ around the Abraham Accords, it is not to be forgotten that the harbinger of this accord is ‘deterrence’ — b

The BRICS view on Iran: India's motivations
Apr 20, 2012

The BRICS view on Iran: India's motivations

The problem with imposing sanctions on a country which has the world's third largest proven reserves of oil and second largest conventional natural gas reserves is that the implications are felt globally. The price of oil is highly correlated throughout the world due to market arbitrage.

The inconvenient truth about China’s International Commercial Courts
Aug 28, 2020

The inconvenient truth about China’s International Commercial Courts

BRI projects cut across various countries with different legal systems — the legal and regulatory differences across different jurisdictions increas

The mule and his very big nuclear button
Jan 08, 2018

The mule and his very big nuclear button

Trump is the proverbial black swan which was not anticipated – a low probability, high-impact presence which is disrupting American politics, its alliance systems and its governance structures.