How inflation could rescue the govt’s fiscal deficit act in FY22

News: Inflation is increasing, which is going to be helpful for the government in achieving the fiscal deficit target for FY22. According to the finance ministry data, government is likely to achieve 6.8 per cent fiscal deficit target for FY22. It is due to following factors: The aggregate borrowing of the states is 10 per… Continue reading How inflation could rescue the govt’s fiscal deficit act in FY22

The global tax revolution

Synopsis: The OECD agreement on global tax on MNCs, its impact and benefits. Introduction International tax jurisprudence received a boost when 130 countries, on the proposal of OECD, agreed to introduce a new global tax regime for taxing multinational corporations (MNC’s) operating globally. The Global Financial Crisis of 2008 forced all countries to change the… Continue reading The global tax revolution

EU, India and the Indo Pacific

Synopsis: India does not figure prominently in the EU’s Indo-Pacific strategy. The Chinese challenge might change that. Introduction Recently, the “EU strategy for cooperation in the Indo-Pacific” document has been released. It appears to be over-determined by China’s expansionism. However, there is a need to analyze it in the context of the rapprochement between the… Continue reading EU, India and the Indo Pacific

Slide in China’s GDP growth and implications for India

Synopsis: Growth slow down in China can impact global economic recovery and India in particular. Introduction China’s third-quarter GDP growth slowed to 4.9% as industrial output rose way below expectations in September, according to data released by the country’s National Bureau of Statistics. A slowing Chinese economy is worrying wrt trade and the overall loss… Continue reading Slide in China’s GDP growth and implications for India

A ‘Taiwan flashpoint’ in the Indo-Pacific

Synopsis: The historic rival claims of territory and independence by China and Taiwan is seeing a new turn with the US questioning the One China policy.  Introduction  Recently the “One China policy” of the People’s Republic of China has been challenged by the USA, though it still stands with a one-China policy.  In 1979, the USA recognized… Continue reading A ‘Taiwan flashpoint’ in the Indo-Pacific

Hello Taiwan: New Delhi should boost ties with Taipei not just because of Chinese threat. There are other benefits

Synopsis: India should review its acceptance of the One China Policy and engage more with Taiwan for mutual benefits. Introduction China sent more than 100 warplanes into Taiwan’s air defence identification zone over the weekend. The latest round of provocative manoeuvres began when China celebrating its 73rd national day. This is a clear threat to… Continue reading Hello Taiwan: New Delhi should boost ties with Taipei not just because of Chinese threat. There are other benefits

Let us revitalize multilateralism: The future of the world is at stake

Synopsis: The great political task of our times is to bolster a rule based global order with a stronger and more inclusive UN at its core. Introduction Last year, the United Nations conducted worldwide consultation. It was found that the views of most of the people are almost similar. All they want is better access… Continue reading Let us revitalize multilateralism: The future of the world is at stake

NS2 A win-win proposition: About Nord Stream 2

Synopsis: A consensus on the Nord Stream 2 could benefit Germany, Russia and Ukraine, but many hurdles remain. Introduction A 1224 km, underwater Nord Stream Pipeline 2 running from Germany to Russia across Baltic Sea has been completed recently despite controversies. It provides the shortest, economical and environment friendly route to double Russia’s gas export… Continue reading NS2 A win-win proposition: About Nord Stream 2

Hidden debt rising for partners of China’s BRI plan

What is the news? A new study has found under- reported debts to the tune of $385 billion in projects carried out in dozens of countries under China’s Belt and Road Initiative (BRI), with a rise in “hidden” debt. The study was conducted by AidData, a development research lab at the College of William &… Continue reading Hidden debt rising for partners of China’s BRI plan

Four geopolitical developments and a window of opportunity for India

Synopsis: China’s hardships and other significant events around the globe boosts  India’s economic prospects Introduction A number of important developments have taken place over the past several weeks. They may appear disconnected, but in fact, they add up to a significant shift in regional and global geopolitics. These developments are, 1. The withdrawal of US… Continue reading Four geopolitical developments and a window of opportunity for India