At the peak of campaigning by Bhutan’s two political parties for the recently concluded National Assembly (NA) elections, word spread that India was unhappy with the shrill nature of arguments – and their counters – related to India. Almost immediately, the said conversation was cooled down by both the parties and the campaigning from thereon stayed clear of it.
Two decades of international community administered talks between Armenia and Azerbaijan over Nagorno-Karabakh, a predominantly Armenian enclave inside Azerbaijani territory, have failed to reach a resolution.
There are many ways in which modern societies are getting shaped across the world. Australia cast its vote recently in favour of crafting one by handpicking well heeled citizens from other countries.
The Asian Development Bank (ADB) and Japan International Cooperation Agency (JICA) provided much needed, albeit temporary relief to the government on July 31 choosing not to cancel their loan for the US$2.9 billion Padma bridge project.
A November 2011 report by the U.S.-China Economic and Security Review Commission, a US congressional advisory panel, urged the White House and US Congress to scrutinize China’s military expansion and pushed for a tougher stance against, what it dubbed as, anticompetitive Chinese trade policies.
Marking a departure from its traditional stand of staying “completely apolitical”, India’s ongoing anti-corruption movement on July 31 appeared to lean towards formation of a political alternative.
Nehru’s chequered legacy is used selectively by no less than his own party, the ruling Indian National Congress (INC). Putting an abrupt end to his socialist programs with economic liberalisation policies in 1991, the Congress party nonetheless chose to kick-start its political campaign for the recent Uttar Pradesh (UP) state elections, with Nehru as a poster child.
1991 goes down in history as the year that marked the ideological defeat of socialism in India at the hands of economic realism. There was little choice. India’s economy was in a shambles, with fiscal deficit at an unsustainable 8.5% of the economy and the current account deficit touching 3.5%. With total external debt at US$72 billion, India had become the world’s third largest debtor after Brazil and Mexico.