The Rise of Bangladesh and its Implications for India’s North East session was organised by #IMPRI Centre for International Relation and Strategic Studies (CIRSS), IMPRI Impact and Policy Research Institute, New Delhi on the 15th of June, 2023. The session was inaugurated by Jiyan Roytalukdar, a researcher at IMPRI, who welcomed the speakers and participants to the program with an introduction of distinguished panelists.
In an unanticipated move, New Delhi has decided to host the 23rd Summit of the Council of Heads of State of the Shanghai Cooperation Organisation (SCO) virtually on July 4, 2023, rather than in person. India, the current chair of the eight-member grouping, has also invited the three Observer States and the heads of six regional and international organisations to participate in the summit hosted by prime minister Narendra Modi. Since assuming the rotating presidency at the historical city of Samarkand last year, New Delhi used its diplomatic capital to host 134 events, including 14 ministerial-level meetings to pursue the often-blurred regional collaboration and cooperation agenda of this divergent and antagonistic grouping. However, the decision to host the annual summit online has indicated India’s disappointment with what is increasingly emerging as a fragmented grouping being used by China to pursue its hegemonic interests.
In this essay, the author looks at the dynamics of development in an ever-changing global context. The global context here is the proliferation of global capital flows, which has led to increased economic integration among nations, indirectly resulting in increased inequality across nations, across social groups, and among individuals. While keeping in mind that correlation does not imply causation, the author recognizes the fact that the free market is not the only factor that has aided inequality. Within this understanding of rising inequality, the author addresses the need for government intervention in correcting market failures, by drawing heavily on existing literature on development and public economics. The author traces existing literature on the relationship between inequality and capital income while showing how an increase in the skill premium is also related to higher levels of inequality. Finally, the article outlines a few niche areas which require active policy interventions to better direct the flow of capital in order to aid long-term and sustained development practices.
The Supreme Court of India appointed Committee (Expert Committee (EC)) on
the Adani-Hindenburg issue submitted its Report on May 9, 2023. It
disappoints because it chose not to go deeper into issues that hold back the
nation from achieving its full potential. It hides behind the technicality of
Securities and Exchange Board of India (SEBI) following the currently applicable
rules that prevent it from investigating the real issues raised in the Hindenburg
Report. Therefore it concludes that there was no regulatory failure.
Cities across India are getting dressed-up to host G20 events, for which the poor have been removed from sight, their dwellings demolished, and their livelihoods hit
Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation's (BIMSTEC) journey since 1997 is reminiscent of many shared collective memories. Not only energetic engagements, the BIMSTEC activities underscored the benefits of staying together.