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Opportunity as an economic enabler

It is time we talked about the Equality of Opportunity as an enabler.  In just about three months from now, the United Nations will launch an ambitious development agenda for the world after 2015. The Sustainable Development Goals (SDGs) will carry forward the work of the Millennium Development Goals whose target date lapses this year.  The 17 draft […]

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The legacy of Gopal Krishna Gokhale

Gokhale addressed the four corners of liberal values – social reforms, economic system, political rights and religious ideals, along with its natural interdependence. Gopal Krishna Gokhale (9 May 1866 – 19 February 1915) in his active public life for the freedom movement of India spanning for thirty years laid the foundation for modern India. His […]

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The ‘Troika’ goal is not Grexit from EMU but Syrexit from Greece

Unless timely financial assistance is forthcoming, Greece will default on its payment and this might trigger a process of reactions and actions . In January, Greece elected a left-of-centre political party, Syriza, to office. Syriza has pledged to repudiate the debts it owed to international creditors and relax the fiscal austerity programme it had been […]

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The strategic implications of India's cross-border raid

The government’s challenge will be to quickly consolidate psychological and military gains from this conflict and use intelligence and political methods to prevent the need for such operations in the future. In a classic study on the evolution of co-operation in the early 1980s, political scientist Robert Axelrod demonstrated that the best way to ensure […]

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The eightfold path to India’s nuclear fuel supply security

The eightfold path presents eight principles which will help India secure its nuclear energy infrastructure. Energy security will continue to remain a critical determinant for India’s growth story. If India expects to resuscitate its economy, the domain of energy security will need immediate and dedicated focus. Moreover, within a few years, 24×7 electricity will become […]

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Independence of Indian delegations to the League

“…the most outstanding principle animating the activity of the League of Nations was the recognition of the principle of nationality and the equal sovereignty of nations, big or small.” I have already referred to the manner in which Indian delegations to the League of Nations and its ancillary bodies functioned as distinct units representing High […]

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The incredibly myopic fund

Prosperity has dulled the appetite for the heavy-lifting and pain-bearing required to restore sustainable economic growth in the world. It was an eventful week for the world economy. First, OECD slashed its global growth forecast for 2015 from 3.7 percent to 3.1 percent but kept its forecast for 2016 at 3.8 percent. Everything will always […]

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India in League of Nations

“India contains 300,000,000 people, and to say that those people should have no representation of their own in the League of Nations would be carrying the logic of the Government representation very far.” David Hunter Miller in his monumental book, The Drafting of the Covenant, stated with the authority derived from his close association with […]

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The return of the tantrum

India has seen improvements in its macroeconomic fundamentals since 2013, and is better suited to face the global financial market tantrum predicted later this year. Every macroeconomist worth his salt has an opinion on when the Federal Reserve is going to increase the interest rates. Speculations about rate hikes have intensified in 2015, making it the most anticipated and feared […]

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