Emerging Markets 07 Feb 2013 by Alexin George

India’s Mali Experiment – A Test Case

India’s Mali Experiment – A Test Case

A clear manifestation of changing attitudes. India’s foreign policy makers start displaying confidence with regard to India’s ability to intervene in overseas affairs. India commits to reconstruct Mali, the land locked country of West Africa, wounded by terrorists.  This is for the first time that India intervenes in the domestic affairs of a country away from its natural sphere of influence. For the last one decade Africa has been the focal point of our foreign policy prism. Several major powers have strong presence in Africa, except India. India shifted the focus very late. Better late than never. India’s participation in the’ Support and Follow Up&r

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US and Europe 26 Jan 2013 by Tojo Jose

Apple is falling

Apple is falling

The most valued company in the world in terms of market capitalization-Apple has lost its position to Exxon Mobile. The rookie Apple’s fall from the top position is after continuing in the spot for almost a year. Since September 2012, Apples’ market value has came down to US $418 billion from $ 700 billion.           End of the Apple’s electrifying growth trend was imminent because of two factors. First, its latest smart phone- the iPhone 5, has lost the sheen of its predecessors among the customers. They have even preferred to continue with iPone 4. In the case of iPhne5, it is for the first time that Apple has lost t

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US and Europe 05 Jan 2013 by Tojo Jose

Aging Europe may benefit from FTA with India

Aging Europe may benefit from FTA with India

The India –EU Free Trade Agreement is in incubation. Both parties are trying to sort out differences existing on many fronts. The FTA is important for Europe than for India because of the evolving global economic environment.             Firstly, Europe is slowly dipping into recession amidst aging demography and shrinking GDP. Its exports are coming down due to strong competition from countries like China and South Korea. European firms are migrating and relocating production to new demand geographies in the emerging world. Many observers believe that the decline of Europe is not transient and hence is fundamental. How

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US and Europe 15 Nov 2012 by Alexin George

American CEOs, fried in British pan

American CEOs, fried in British pan

The top executives of three American MNCs ---- Google, Amazon and Starbucks were fulminated by British MPs, on allegations of tax avoidance. The rarest of the rarest event happened when these executives were called before the House of Commons’ Public Accounts Committee, to explain, their company’s complicated tax arrangements. It has enabled them to maintain minimal liabilities in Britain. The companies are accused for reporting losses in high tax countries like Britain and profits in low tax countries like Luxembourg. The corporations have been charged with diverting hundreds of millions of pounds to what The Guardian describes as "secretive tax ha

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China & East Asia 10 Nov 2012 by Alexin George

Will the pressure cooker burst?

Will the pressure cooker burst?

“If we fail to handle corruption well, it will result in the fall of the communist party and the State” -------- Says President Hu                                                                     As China prepares itself for a leadership change, the clouds of separatism and corruption cumulate over the Communist nation. Four Tibetans in

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US and Europe 08 Nov 2012 by Alexin George

Obama Crush down WORMS

Obama Crush down WORMS

Romney’s narrowed support base centered on White, Older, Richer Men have been crushed While the road was hard, the journey been long, he fought his way back. “Best is yet to come” --- tweets Obama.                                                           Out of the 538 electoral votes, he won 303, offering a comfortable ride to the Presidential seat. 45% of those who voted are rac

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US and Europe 29 Oct 2012 by Alexin George

Swiss Voice, Lone Voice but Bold Voice

Swiss Voice, Lone Voice but Bold Voice

The neutral state of Europe sets an example for the rest of the world. Switzerland shows the fortitude, to oppose the unilateral sanction of USA, EU and Israel over Iran. The Swiss policy of disfavouring any sanctions, by any alliance, outside UNSC, is reasserted here. Switzerland is not bound by the European Union sanctions, as it is not an EU member. The Swiss president Eveline Widner Schlumpf stated that, they will continue economic engagement with Iran. The National Iranian Oil Company will continue its Swiss office. Bern, had earlier exempted Iranian Central Bank from freezing its assets. Bern, backing Tehran, comes when Iran is being pictured as a rogue state by most of th

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US and Europe 10 Oct 2012 by Tojo Jose

IMF warns about the US fiscal cliff

IMF warns about the US fiscal cliff

The IMF has pointed out an additional threat to the world economy in the form of US fiscal cliff. The US being the largest debtor in the world is having a fiscal deficit of 14%  of GDP, compared to India’s 6%. This is the first major warning by the Fund about the worsening US fiscal situation. In its updated version of the GFSR, the fund has given clear indication that two of the world’s largest economies, the United States and Japan are facing fiscal crisis, whose scale is unsolvable by efforts from the rest of the world. Japan started recording untypical trade deficits from the last year indicating fast slowing of Asia’s first advanced economy. The Fund&r

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Emerging Markets 30 Sep 2012 by Tojo Jose

Control over foreign banks has helped India to survive the global crisis: says the IMF

The IMF, once a chief proponent of the deregulated financial system across the world and which criticized the developing countries like India for restricting the entry of foreign banks, now describes that India survived the financial crisis because it has restricted foreign banks.             The IMF’s Global Financial Stability Report for October 2012 contains a Chapter assessing the financial architecture of the member countries. The chapter titled ‘The Reform Agenda: An Interim Report on Progress towards a Safer Financial System’ analyses that India and Malaysia along with Australia and Canada were able t

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US and Europe 30 Sep 2012 by Tojo Jose

East clashes with the west at the UN

East clashes with the west at the UN

Samuel Huntington’s prediction of the clash of civilization had a miniature occurrence at the recent UN General Assembly meeting where the Muslim world has criticized the West’s attitude towards mixing freedom of speech with religion.                 The Foreign Ministers of the Organisation of Islamic Countries has attacked the West for the recent events lead to the release of the controversial film, ‘The Innocence of Muslims’.                 The divide between the two was very visible when the OIC members

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