The writer is the chairman of Brookings India and senior fellow, Brookings Institution.
A parallel council with a similarly blended mix should be set up with individual states to take into account local factors, and in the spirit of cooperative federalism.
I know my father would have advocated India find a diplomatic solution to the current imbroglio. But given his experience of Maoist China, he would have also urged that our velvet glove of diplomacy must now cover an iron fist of resolve.
Against the background of these post-COVID market uncertainties and the above factoids, I suggest that the mandarins of our petroleum industry switch to the “just in case” policy mode.
We cannot leverage low and volatile oil prices to our advantage unless we empower traders, free them of bureaucratic control.
Behaviours will shift, uncertainties will deepen. India should build strategic reserves, use alternatives like natural gas and increase efficiency of its oil companies.
Swedish teenager Greta Thunberg offers an example of what is possible if society deems that “enough is enough” of “politics as usual” .
The society and state are in conflict. A youthful, vibrant, ambitious and connected society is pitted against a hesitant, at times paralytic, politically-shackled and precedent-bound state.
A balance can be found — between demands of shareholders and interests of society.
The point is that there is a strong undercurrent of dissatisfaction and public outbursts of anger are being triggered by the slightest spark. This is directed not just against the government. It is also targeted against business.
Pakistan is heavily in debt to Saudi Arabia and it depends hugely on the kingdom’s largesse to avoid economic collapse. Saudi Arabia has consequently considerable leverage over Pakistan and the latter in turn cannot afford to ignore Saudi economic interests when war gaming an offensive strategy against India.
Our administrative apparatus is vertically structured within silo-ed compartments. There is no forum to enable and facilitate interdisciplinary, interdepartmental and collaborative economic decision-making.
Modi 2.0 must move the needle towards meeting necessary conditions for incentivising investment.
The US-Iran stand-off is wrapped in a “fog of uncertainty”. No one really knows what will happen but what we do know, based on our reading of Clausewitz and understanding of history, is that it could take no more than a false report, a miscalculation or simply an accident for the region to conflagrate into violent conflict.
A blueprint of initiatives the new government can consider.
One of several reasons for America’s economic leverage is that it sits at the epicenter of the global financial system. The dollar is a reserve currency. Global trade is preponderantly carried out in dollars. Oil is priced in dollars.
Today, every projection of India’s energy future draws the same broad conclusion: energy demand will move on an upward curve, indigenous supplies will fail to keep pace, energy imports will rise, and the environment will face increasing stress.
The Cortez resolution may eventually end up in the archives like so many other resolutions on the same subject but, today at least, it has to be credited for bringing global warming into the US national conversation.
Controversy over EVMs shows that regulatory structures are needed to ensure the algorithmic world doesn’t trample on democratic rights.
The science of global warming is incontrovertible. The planet is headed for a climate-induced catastrophe.
One day, resource scarcity, geopolitical chaos and climate-induced devastation could creep up on us.
Petroleum minister has to achieve oil supply security and balance the country’s strategic interests
Kuldip Nayar and Vajpayee rejected narrative of Partition for India-Pak. Imran Khan can rewrite the script
Between strategic-energy interests with Iran and a flip-flopping US president, India must find its own balance.
A tightly-connected world is more imperilled by cyber attack, disease and global warming. It requires inspired leadership. India and China have an opportunity.
Pooling Corporate Social Responsibility funds will facilitate sharing of experiences, reduce duplication of efforts and facilitate a geographically equitable distribution of resources.