“The risk sentiment has been dealt a serious blow with the worsening coronavirus situation in Europe on account of a second wave. Most countries have announced partial lockdowns, curfews or declared emergencies. This threatens to nip the nascent recovery in the bud,” said Abhishek Goenka, Founder and CEO, IFA Global. … [Read more...] about Rupee slips below 74/USD level in early trade
Foreign trade multiplier
According to Arjun Yash Mahajan Head Institutional Business at Reliance Securities, the India trade set up does not look to be encouraging due to weak global cues. Volatility in domestic equities is expected to persist due to futures and options (F&O) expiry. … [Read more...] about Sensex plunges over 350 points in early trade; Nifty drops below 11,650
By the mid-1980s Jayewardene brilliantly outmanoeuvred Delhi by enticing it to jettison its previous role as the mentor of the Tamil militant groups and instead be their terminator, and in the process wearing out Delhi so comprehensively that it somehow extricated itself altogether from the Sri Lankan nationality question, finally, to count its losses. … [Read more...] about Why is Modi pushing Rajapaksa on the Tamils?
To my mind, having worked in Sri Lanka as a diplomat in the early and mid-1980s when India was actively promoting the Tamil militant groups, I cannot but admire the tenacity of that country's diplomacy and statecraft to constantly think up ideas to navigate diplomatic minefields and preserve the country's strategic autonomy while also carrying India along. … [Read more...] about India’s Dilemma in Sri Lanka
A maritime information agreement is also under discussion between India and the US, an official source stated. India already has such agreement with other Quad countries, Australia and Japan. As reported by The Hindu last month, in the run up to the 2+2, the U.S. was keen on India signing BECA and discussions continued to iron out the differences. One of the major differences was the issue of reciprocity in exchange of geo-spatial data. … [Read more...] about 2+2 Ministerial dialogue | India to sign geo-spatial cooperation BECA with U.S.