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The freefall in the rupee has been arrested but don’t expect a full recovery this year (20 January 2012) — The worst is over for the rupee after India’s central bank injected more than US$4 billion over three months in late 2011 to arrest the currency’s freefall, which was triggered by global risk aversion as investors started to pull funds out of India. The Reserve Bank of India sold US$2.9 billion...
The case against Iran for attacks on Israel’s foreign interests is far from air-tight, as inconsistencies come to light An Israeli embassy car carrying the wife of a defence attaché was targeted in a terror attack in New Delhi on February 13. On the same day, in the Georgian capital Tbilisi, police defused an explosive device attached to a vehicle belonging to a citizen working for the Israeli embassy. And...
Global nuclear summit largely fails to make the world a safer place Hopelessly hijacked by North Korea’s rocket launch plans, the recent Nuclear Security Summit in Seoul failed to move beyond a symbolic solidarity against nuclear proliferation. The biggest nuclear meeting in the world, the March 26-27 summit saw prominent heads of states representing around 80% of the world’s population and 90% of the global...
There have been some setbacks but the Indian government will continue to push for economic reform (3 February 2012) — India is a nation of shopkeepers. Retailing accounts for 15% of its gross domestic product, employs 40 million people, and at US$450 billion, is one of the top five retail markets in the world. No wonder global retail giants want to get a foot in the door. But the country is also keen to protect...
High-profile arrest galvanises Bangladesh’s 1971 war crimes trial DHAKA (20 January 2012) — Dancing broke out in the streets of Bangladesh after the prominent arrest of a man the state prosecutor alleges is “the mastermind” of war crimes commited during Bangladesh’s 1971 liberation war, when it seceded from Pakistan. The development is “a significant step forward in the trial of those accused of...
India’s main opposition party shoots itself in the foot by taking in graft-tainted politician NEW DELHI (13 January 2012) —The opposition Bharatiya Janata Party’s (BJP) decision to admit a corruption-tainted politician to its ranks ahead of the February elections in the state of Uttar Pradesh (UP) has significantly damaged its prospects in the upcoming elections. And the man in the centre of the controversy...
