“But it remains to be seen which of the foreign players are allowed to travel at that time (considering the restrictions). I feel there are too many variables for the BCCI at the moment to even have a calculated guess on when it might happen. What if tomorrow the cases keep rising, what happens then? It would be unwise to think of anything other than Covid-19 for the moment.” … [Read more...] about IPL can’t happen without foreign players: KXIP co-owner Wadia
HONG KONG: Bankers and investors fear China's push to impose national security laws on Hong Kong threaten the city's future as an international financial centre. If it gets to that stage, Beijing's move will come at a cost for China's economy. WHY DOES CHINA NEED HONG KONG AS IT IS? China still has extensive capital controls and often intervenes in its financial markets and banking system. Hong Kong is one of the world's most open economies and one of the biggest channels for equity and debt financing. The size of Hong Kong's economy may only be the equivalent of 2.7% of mainland China's, down from 18.4% in 1997 when it reverted to Chinese rule, but the territory punches above its weight due to world-class financial and legal systems. As a gateway between China and the West, Hong Kong attracts global capital for China more efficiently than its other cities. HOW IS THAT CHANGING? Under the 'one country, two systems' formula agreed as part of Britain's handover of the territory … [Read more...] about How important is Hong Kong to China as a free finance hub?
NEW DELHI: The Prime Minister is losing one of his foreign policy aides in his office. Jawed Ashraf, who has been joint secretary to the prime minister since 2012 -- spanning Manmohan Singh and Narendra Modi -- will be moving out to take an overseas posting. Vinay Kwatra, currently joint secretary (Americas) in the MEA will move over to take his place. Kwatra had served as Modi's interpreter for a while in 2014 until he took over charge of the Americas division in the MEA from Vikram Doraiswami. Doraiswami moved last year to Uzbekistan as ambassador, but was moved again to South Korea just before PM's visit in May this year. The DOPT order issued on Tuesday says Kwatra will be understudy to Ashraf "to "familiarise himself with the work" until he relinquishes charge. Foreign secretary S. Jaishankar, has carried out a major overhaul of the MEA, putting in a whole new set of faces in South Block and in key missions overseas. However, there are some other important ambassadorial … [Read more...] about After 5 years, top speechwriter Jawed Ashraf to leave PMO
NEW DELHIL: Jawed Ashraf -- a 1991 batch Indian Foreign Service officer at the headquarters and former Joint Secretary in the Prime Minister’s Office -- is the Modi government’s choice as the next envoy for Singapore – a country that is playing a key role in implementing PM’s flagship projects from smart cities to Skills development. Considered by his peers as one of the finest minds around Ahsraf has served in the past in Germany, Nepal and USA. He has handled Indo-US affairs for over a decade as a desk officer in the headquarters in Delhi and later in Washington. Ashraf is viewed as one of the experts on USA and Indo-American relations. As Joint Secretary in PMO Ashraf gave key foreign policy and national security advice to both the former PM and current Prime Minister Narendra Modi. Singapore has been one of the important pillars of India’s Look East and Act East Policy – a country that cemented India’s link with ASEAN from the 1990s. … [Read more...] about Jawed Ashraf is Modi govt’s choice as next Singapore envoy
By AVINASH MOHANANEY India is caught in an escalating war of domination between the US and China of the world post-Covid-19 pandemic. The US model has been badly exposed for its failure to protect lives of its citizens. As a result, even US corporates are feeling the heat of public anger with campaign on ‘health care for all’ likely to dominate the upcoming presidential elections. Incumbent President Donald Trump’s electoral prospects appear to have also been adversely affected by the pandemic. China, no doubt, sees an opportunity to outpace the US by expanding and projecting its form of Communist party-owned corporate model. It would certainly require muscle-flexing, both military and economic, to make the world acknowledge its ability to replace the US. After all, it was the superior US military and industrial power that helped it dominate the world post-World War II. India, with whom China has a longstanding boundary dispute, presents itself a site for … [Read more...] about View: Delhi needs to focus on its own problems while dealing with China and the US