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Changing Alignments in East Asia

by Pranay Kotasthane (@pranaykotas) Early indications about a Trump Presidency’s impact on partnerships in East Asia Since Woodrow Wilson, the goal of American foreign policy has been to prevent regional hegemony. believes Seth Cropsey, Director of the Centre for American Seapower at Hudson Institute. Assuming this was true, the goal...

Cash Crisis, Reform and Pain

Structural reform does not have to be painful. It is clear by now that the Modi government’s currency reform, involving replacement of old high-denomination notes with new ones, is inconveniencing people across the country to various extents. The expectation that the inconvenience will last only a few days has given...

Chinese Inroads

The new silk road is being built faster than the world’s ability to grasp its consequences. China has worked out a railway route to Afghanistan and, from August this year, begun operating two trains a month from Nantong (China) to Hairatan (Afghanistan) passing through Kazakhstan and Uzbekistan along the way....

The Big Deal in Tokyo

After concluding the nuclear deal with Japan, the Modi government must review India’s atrocious nuclear liability regime. It is a big deal. Owing to the controversy over the replacement of currency notes, though, it has almost slipped popular attention. India and Japan have concluded an agreement that allows Japanese vendors...

President Trump. What Now for India?

Play the ball as it comes to the bat Peter Thiel, a Silicon Valley billionaire who backed Donald Trump’s candidacy, perhaps best explained the latter’s political appeal. Journalists and analysts, he said, took Mr Trump literally but not seriously, and wanted to know details of how he would implement some...

New currency notes for old

A one-off reduction of unaccounted money must be followed by long-pending structural economic reforms. Some of the most insightful arguments on the demonetising of high-value currency notes have come from Takshashila associates. Ajit Ranade has long been a proponent of getting rid of the high-denomination bank notes, pointing out that...

A New Institutional Mechanism for Fiscal Management in India

By Dr. M Govinda Rao Download the essay in PDF [442 KB] Given the political inclination to indulge in fiscal profligacy, it is important to ensure calibration of rule-based fiscal policy to provide space to conduct monetary policies. Although there has been considerable progress in the conduct of rule-based fiscal...

What Lies to the Right of Centre in India?

The cohabitation of traditionalists and market liberals Ever since India’s 2009 general election, it has become fashionable for many politically-minded people in the country to style themselves as being “right of centre”, “centre-right” and other terms where “right” and something else is joined together with a hyphen. It is clear...

On Public consultations and Online Polls

Why democratic governments must consult, but must neither be obliged to nor bound by the results Aparajita Ray, Senior Correspondent (Urban Infrastructure) of Times of India asked me to comment on public consultation and opinion polls in the context of the Steel Flyover controversy in Bangalore. Here are the questions...

Manila on the Chinese bandwagon

The Philippines becomes the first Indo-Pacific country to declare itself for Beijing On the geopolitics of the Indo-Pacific, I have long argued that “the small- and medium-sized countries of the region will prefer a balance where no single power dominates over them. If they do not see this forthcoming, they...
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