Indian Prime Minister Narenda Modi and Chinese President Xi Jinping Summit held on Tuesday September 5, 2017; on the side-lines of BRICS Summit hosted by China in Xiamen city of China; was a turning point in positive trend in Sino-Indian relations. The two leaders had their first substantive, constructive and forward looking bilateral meeting; after the Doklam standoff, which h...
Social Media
Category: Economy
Interlocutor for Sustained Dialogue to Bridge Trust Deficit in J&K
Centre’s announcement of appointment of Dineshwar Sharma, a former Director of the Intelligence Bureau, as a “Special Representative” or the Interlocutor to initiate “sustained dialogue process” with all stakeholders within Jammu and Kashmir is a welcome and a logical step forward in the Centre's outreach to the people of the state that began with Prime Minister Narendra Modi indicating a change of track in his ...
India’s Historic Jump in Doing Business Rankings
World Bank’s Doing Business Report, 2018 released on Tuesday 31 October, 2017 recognized India as one of the top five reformers in this year’s assessment. India has jumped a massive 30 places to occupy the 100th position in World Bank assessment of 190 nations, registering its highest ever increase in Ease of Doing Business Ranking this year. It was ranked 142 in 2014, 131 in 20...
Demonetisation a Decisive Battle & Multi-Dimensional Success
On the first anniversary of demonetisation, Prime Minister Narendra Modi termed it a historic and multi-dimensional success. He tweeted: Demonetisation was a "decisive battle" 125 crore Indians fought against black money and won. He said the move formalised the Indian economy and ensured better jobs for the poor, while cleansing the financial system. Arun Jaitley, Union Finance Minister, stated that November 8, ...
Chabahar Port – India’s Gateway to Afghanistan & Central Asia
Chabahar port of Iran is now operational as an alternate, reliable and robust connectivity for Afghanistan, with a ceremony on 29 October 2017 when India’s External Affairs Minister Smt. Sushma Swaraj and Foreign Minister of the Islamic Republic of Afghanistan H.E. Salahuddin Rabbani, through a joint video conference, flagged off the first shipment of wheat from India to Afghanistan from the Kan...
Bharatmala to Spur the Economy
Bharatmala Pariyojana, ₹5.35 lakh crore road construction package with a capital outlay of ₹ 6.92 lakh crore, the biggest ever infrastructure project, a part of the “New India” that Prime Minister Narendra Modi wishes to create by 2022, was approved by the Cabinet Committee on Economic Affairs, chaired by the Prime Minister on Tuesday 24 October 2017, to build 34,800 km of roads nationwide, that...
India’s Farm Sector, Famine & Food Security
India Globally ranks Second in the World in Agricultural Sector and eleventh and twelfth in Services and Industrial sectors respectively; but for the Farm Sector the situation in India is paradoxical, as this sector on the one hand is of utmost importance and on the other hand the country faces structural handicaps that have prevented it from ro...
India and European Union to Deepen Strategic Relations & Economic Cooperation
India and the European Union (EU) 14th annual Summit was held in New Delhi on Friday 6 October 2017; between Indian Prime Minister Shri Narendra Modi, and Mr. Donald Tusk, President of the European Council and Mr. Jean Claude Juncker, President of the European Commission. The summit gave a political impetus to the process for a fair and free trade agreement. It has given the two sides a much cle...
Common Aspirations and Potential of India & China
India and China are on the same road of globalization, with interests that could collide over issues such as access to markets, natural resources or strategic partners. Both are populous Asian nations experiencing high rates of economic growth with more exposure to international market forces. The two countries have reconciled to be on a path to perpetual cooperationContinue Reading...
China into a Full Blown Economic Crisis
China could be into a full blown Economic Crisis by early 2018 or so, due to the speed and size of buildup in debt that it encouraged rescuing the economy after Great Recession, i.e., the Great Financial Crisis of 2007-08. The country has since then become addicted to borrowing as its debt has exploded from $6 trillion to $28 trillion, and its ratio to GDP is up from 140% to 260% which has affli...