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US, Iran Clash in Hormuz Strait: Not an Improbable Scenario
US, Iran Clash in Hormuz Strait: Not an Improbable Scenario The US remains adamant in its desire to cut Iran’s oil exports to zero, even if it hurts importing countries. America’s secondary sanctions on firms dealing with Iran would “snap back” on August 6 for trade in cars and metals and on November 4 for oil and […]
Turkey and India Have Leverage in Trump’s Iran Sanction War
Turkey and India Have Leverage in Trump’s Iran Sanction War Both India and Turkey have said they will defy President Trump’s call for them to stop buying Iranian oil once the U.S. reapplies sanctions in November. That isn’t really news. Both of them defied the Obama administration in 2012, albeit in different way. Turkey changed its […]
India Central Bank Intervenes As Rupee Crashes To Record Low
India Central Bank Intervenes As Rupee Crashes To Record Low Just weeks after Urjit Patel, Governor of the Reserve Bank of India, wrote an op-ed in the FT warning that should the US maintain its current pace of monetary policy tightening, it could have serious repercussions for the global economy, it is… It was the […]
The World Transformed and No One in America Noticed
The World Transformed and No One in America Noticed The world transformed and nobody in the West noticed. India and Pakistan have joined the Shanghai Cooperation Organization. The 17 year-old body since its founding on June 15, 2001 has quietly established itself as the main alliance and grouping of nations across Eurasia. Now it has […]
Water Wars: India Facing “Worst Crisis In Its History”
Water Wars: India Facing “Worst Crisis In Its History” India is facing its worst-ever water crisis, with some 600 million people facing acute water shortage, a government think-tank says. The Niti Aayog report, which draws on data from 24 of India’s 29 states, says the crisis is “only going to get worse” in the years […]
India Joins the Tariff War: The Party is Just Starting!
India Joins the Tariff War: The Party is Just Starting! In response to Trump’s tariffs on steel, India will put tariffs on Harley motorcycles, lentils, and almonds. Following the well-established belief that “trade wars are easy to win”, India counters Trump tariffs, to hike duty on US bikes, almonds, apples. India has proposed to raise […]
Why India’s Surprise Rate Hike May Lead To The Next Emerging Market Crisis
Why India’s Surprise Rate Hike May Lead To The Next Emerging Market Crisis Following RBI governor Urjit Patel’s Op-ed earlier this week, in which he lamented the growing dollar shortage as a result of the Fed’s ongoing tightening, it is perhaps not surprising that this morning India became the latest central bank to “surprise” markets […]
Oil Market Volatility Set To Soar This Month
Oil Market Volatility Set To Soar This Month After two months of an almost uninterrupted increase, crude oil is set for even more volatility on a string of political events that could see it either touch US$80 or even higher by the end of June or, conversely, slump to deep lows again. President Donald Trump […]
Can India Break Its Oil Addiction?
Can India Break Its Oil Addiction? India is one of the world’s largest oil consumers, accounting for around 4 percent of global consumption. Only the U.S. and China outrank India in this regard, making it a key player in the oil market. While India’s oil consumption has seen remarkable growth in the past few years, […]
India’s Big Brother: Fingerprint and Eye Scans Required for Food and Medicine
India’s Big Brother: Fingerprint and Eye Scans Required for Food and Medicine India collects biometric data on 1.3 billion residents for use in a nationwide identity system called Aadhaar. The New York Times notes Big Brother has Arrived in India. Seeking to build an identification system of unprecedented scope, India is scanning the fingerprints, eyes […]
India Builds Over 14,000 Bunkers In Preparation For War With Pakistan
India Builds Over 14,000 Bunkers In Preparation For War With Pakistan The Government of India is planning to construct 14,460 bunkers for civilians in five border districts in Jammu & Kashmir – Samba, Poonch, Jammu, Kathua, and Rajouri – which reside along Line of Control (LoC) and the international Indo-Pakistani border, reports The Times of India. […]
In The Rush Toward A Cashless Society, The Poorest Are At Risk Of Further Exclusion
In The Rush Toward A Cashless Society, The Poorest Are At Risk Of Further Exclusion “Unless you’re poor, it’s hard to understand what it’s like to be poor.” Indian Prime Minister Narendra Modi has a grand ambition to make his country into a cashless society. In 2014, he launched a scheme to provide bank accounts […]
The Iran-Pakistan border is a geopolitical powder keg
The Iran-Pakistan border is a geopolitical powder keg The Iran-Pakistan border contains all the ingredients for a geopolitical explosion – regional rivalries, Sunni-Shia conflicts, ethnic insurgents, espionage, drug smuggling and human trafficking. China considers the stability of the region so important that it brokered a series of border security meetings between Iran and Pakistan over […]
Indian Banks Face Crippling Credit Crunch As PNB Scandal Worsens
Indian Banks Face Crippling Credit Crunch As PNB Scandal Worsens The biggest financial fraud in India’s history just got bigger. On Monday, Punjab National Bank disclosed that a fraud previously believed to be $1.7 billion had swollen to $2 billion as the true extent of the fraud is still coming into focus. But the impact […]
World War 3? Pakistan Vows REVENGE On India After Attack
World War 3? Pakistan Vows REVENGE On India After Attack As the world quietly goes about their business, Pakistan has vowed to get revenge on India after an attack. The tensions between the two nations are quickly spiraling out of control leading many to wonder if World War 3 will break out in the area soon. […]
