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[This article was first published here on The Huffington Post] The jury is still out on the cost of providing fast-track residency to affluent foreigners 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. On May 25, Australia’s Immigration Minister Chris...
The fate of Bangladesh’s biggest infrastructure project hangs in the balance DHAKA — Asian funding agencies, 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, for another month. The Padma bridge project has been in peril...
[This article was first published here on The Huffington Post] 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. While China’s military, which benefited...
India’s anti-graft crusaders hint at taking the fight against government into the political arena NEW DELHI — 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. Addressing a crowd of thousands at Jantar Mantar Square in New Delhi, Prashant Bhushan, eminent...
Forty eight years after India’s first prime minister passed on, Jawaharlal Nehru is remembered when expedient and forgotten when convenient. 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...
1991 goes down in history as the year that marked the ideological defeat of socialism in India at the hands of economic realism. After more than four decades of socialism, India was days away from bankruptcy and forced to turn to the International Monetary Fund (IMF) for a bailout. The condition? That India abandon its socialist economic structure and pursue capitalist reforms. There was little choice. India’s...
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