To expect the RBI to effectively monitor multiple aspects of the banks and other regulated entities is a tall order.
More urgently than before, India needs to consider what exactly it wants out of the fast-changing geopolitics around technology and what its role in the international digital landscape should be.
Any discussion on personal data access in India necessarily requires a reiteration of the Supreme Court's Puttaswamy verdict, which declared privacy a fundamental right.
Corporate entry can help with the resolution of failed banks and the creation of more banks. But it can also create other problems.
If China has given up on multipolarity because it is seeking its unipolar dream, it is up to India and the EU – including Germany – to work in ways that ensure that the world remains multipolar.
The India-U.S. relationship is too big to fail. But as U.S. president-elect Joe Biden aims to restore America’s role in the global order, India must play to its own interests.
Beyond the optics, the Trump Americans, who are the new political base, will still shape American policy irrespective of who the president is. “America First” is here to stay.
State-capital relations include direct, firm-specific interactions between the state and investors/firms, and indirect influences that shape the general conditions for raising and deployment of capital.
State regulation must identify concrete problems, not create interventionist bureaucracies based on potential ones. These lessons have made India one of the world’s largest economies and enabled the present government to seek “atmanirbharta."
The pandemic has enabled the central government to implement far-reaching reforms in areas such as agriculture, traditionally considered to be the domain of states.
Although clarifications came from the Prime Minister’s Office a day later, this swift round of China’s infamous “wolf-warrior diplomacy” allowed them to capture the narrative surrounding the clash at Galwan Valley.
Artificial Intelligence (AI) systems are increasingly embedded in society – from curating social media feeds and assisting law enforcement, to deciding an individual’s creditworthiness and aiding in healthcare.
Prime Minister (PM) Narendra Modi recently announced that India must become Atmanirbhar (self-reliant).
China’s foreign minister Wang Yi finally admitted late last month that the Covid-19 pandemic has severely slowed down Beijing’s flagship foreign policy project, the Belt and Road Initiative.
While the rest of the world is all hands on deck tackling the coronavirus pandemic, China has made a powerful move that might significantly strengthen its geopolitical influence in the global financial space.
Prime Minister Narendra Modi’s speech on May 12 had two central messages: India will have to learn to live with the coronavirus disease (COVID-19), and India must pivot towards economic recovery.
How does diplomacy work in the age of social distancing and coronavirus?
India’s migrant workers have fallen through the cracks of its social security net, and government response has shown a significant gap between high-minded intentions reflected in existing laws and their implementation.
As the Indian government prepares to gradually dial down the economic freeze on May 3, politics, too, must emerge from its hibernation.
Large sections of India’s population are invisible to the state. That is why in crises like Covid and lockdown, we need one common social database.