Vithita

Vithita

  • Joined: August 27, 2022
  • Articles: 96

Relevance and Reliance on China’s Provisions of providing Financial System

The crises in Sri Lanka and Pakistan are raising questions about the relevance and the costs of their reliance on the alternative financial system provided by China’s Belt and Road Initiative

On March 6, China became the last major bilateral creditor to provide financing and restructuring assurances to Sri Lanka. Following this, the International Monetary Fund (IMF) has agreed to make a final decision on Colombo’s $2.9 billion bailout package. Sri Lanka’s consistent back-and-forth negotiations with the IMF and China indicate a broader development in South Asia. In 2022, two other South Asian nations and participants of the Belt and Road Initiative (BRI) — Pakistan and Bangladesh — had sought financial assistance from the IMF. These developments in the subcontinent indicate that developing countries are furthering their economic interests and stability by approaching the IMF and the West, even as they try not to antagonise China.

India’s Monetary Policy Autonomy from Rich World Crises lies in limiting Portfolio Inflows

Tanking stock markets may not be the best background in which to discuss curbing portfolio inflows into India. But to insulate Indian policymaking from the fickle twists and turns of the US Fed and regain monetary autonomy, India must impose capital controls on short-term portfolio flows.

Reimagining Public Policy in the Context of Emerging Global and Domestic Trends

It is a privilege to deliver the inaugural address for the Conference on Public policy Research, Pedagogy, and practice organized by the Delhi School of Public Policy and the Motilal Nehru College, University of Delhi. In any discipline, particularly in the social sciences and in professional programs, research, pedagogy, and practice need to be tailored to the emerging context and challenges which the discipline needs to help understand and address. The title of my address has the terms “Reimagining Public Policy”. It also stresses “Emerging Global and Domestic Trends”.

Sunak’s Politics on Immigration

Declaring that "enough is enough" and that the system is "not fair," British Prime Minister Rishi Sunak last week unveiled a five-point plan in the House of Commons to tackle illegal immigration. This plan involves setting up a new permanent unified small boats operational command, enhancing the capacity of immigration officers to focus on enforcement, slashing costs by ceasing to use hotels for asylum seekers, increasing the number of asylum caseworkers, and a new pact with Albania to expedite cases from the nation.

India- Australia ties: Forging New Relations to Upscale Trade

Indian foreign policy has been geared toward setting up strong partnerships in recent years. From a nation that was diffident about getting together with like minded partners, New Delhi today is demonstrating its commitment in forging ties with those nations with whom it feels politically in sync. Trust based partnerships are re-defining the global landscape today and India is moving ahead with a degree of seriousness not seen in recent history as it configures its global posture as a leading power in the international system. This is particularly true of the Indo-Pacific where old partnerships have been resurrected and new ones have been crafted at a time of significant flux in the regional order. It is India’s engagement with Australia that stands out for the speed with which the two nations have been able to transform their bilateral engagement.

SC directs EC’s autonomous functionaries towards strengthening Democracy

By directing the Election Commission to be appointed by a non-partisan panel, the Supreme Court strengthens democracy. But more needs to be done for institutional independence. EC, as well as all other regulatory bodies made autonomous of the executive, should be made answerable to designated committees of Parliament. This is essential to ensure the democratic accountability of all institutions to the ultimate sovereign, the people.

Talk to Us