Showing 1-10 of 28 results
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What Modi has figured out that Trump never has
News, Mihir Sharma, Published on 21/03/2024
» Excitement and uncertainty used to accompany general elections in India. Polls swung back and forth, coalitions formed and reformed, analysts dissected policy platforms and assessed the prospects of hundreds of individual candidates. As India embarked on its 18th general election campaign on Tuesday, there is no electricity in the air. It is hard to find anyone who believes Prime Minister Narendra Modi will lose his bid for a third term in office.
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India's 'no' at WTO may just mean 'not yet'
News, Mihir Sharma, Published on 27/02/2024
» As trade ministers gather at the World Trade Organization's (WTO) summit in Abu Dhabi this week, one of the villains will, as usual, be India. And, certainly, there's some justice to the complaint that Indian negotiators are far too ready to block consensus at such confabs unless granted concessions on their own priorities. Saying "no" often comes too easily to them.
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Denials of Sikh separatist plots sound hollow
News, Mihir Sharma, Published on 29/11/2023
» Two months ago, relations between India and Canada deteriorated swiftly when Prime Minister Justin Trudeau said that prosecutors possessed "credible evidence" that the Indian state was behind the assassination of a Sikh separatist in British Columbia. It now looks like -- if Indian intelligence did in fact arrange that killing -- it may not have been a one-time event. The White House has confirmed that it is "deeply concerned" that there was a similar plot to kill another Sikh separatist, this time on US soil.
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Modi needs to have less power, not more of it
News, Mihir Sharma, Published on 23/05/2019
» India's long and exhausting general election is almost over. One of its casualties has been the reputation of the Election Commission of India, the constitutionally independent body that oversees the polls.
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Democrats' 'Green New Deal' isn't global enough
News, Mihir Sharma, Published on 18/03/2019
» At the fourth United Nations Environment Assembly in Kenya this past week, experts and officials from around the world debated how to come up with the investment and innovation needed for countries to grow without dooming the planet. National leaders, NGOs and others discussed how to create more "sustainable patterns of consumption and production". What really struck me in Nairobi, though, was what wasn't discussed: the "Green New Deal" being pushed by Democratic Party politicians in the US.
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Politics as usual in India again
News, Mihir Sharma, Published on 05/02/2019
» India's Prime Minister Narendra Modi is in a spot of trouble. He has to face reelection in a few months amid growing dissatisfaction with his government's performance; he's likely to use every lever available to eke out a win. One such lever, unfortunately, was the interim federal budget that his lame-duck government presented last week, to keep official machinery running till the next government can come in with a mandate and make decisions about taxation and spending. As many of us feared, Mr Modi broke with bipartisan convention: He used the occasion essentially to launch his election appeal to India's voters. And, unfortunately, it's one that they have heard before.
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US reign at World Bank must end now
News, Mihir Sharma, Published on 08/02/2019
» In many ways, David Malpass, whom US President Donald Trump nominated to head the World Bank, is an unsurprising choice. He's a senior Treasury official overseeing international affairs. Plus, his background absolutely screams "Trump nominee": He isn't a woman (Indra Nooyi, formerly of PepsiCo Inc, was being considered). He is an outspoken critic of the institution he is now to head (recall Scott Pruitt's tenure at the Environmental Protection Agency). And he has a controversial Wall Street background (he was chief economist at the ill-fated Bear Stearns), as well as some embarrassing calls in his past (he wrote a Wall Street Journal op-ed in 2007 insisting that the housing market couldn't pull down the broader economy).
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The cost of a Modi election victory
News, Mihir Sharma, Published on 14/12/2018
» Many of us have long argued that, whatever its problems, India is one of the best long-term bets in the world for one simple reason: It has the sort of world-class institutions that can help build and sustain a genuine market economy. Sadly, many of those same institutions are being undermined by the country's own leaders -- most recently the Reserve Bank of India (RBI), which Prime Minister Narendra Modi appear intent on subjugating as part of his bid for reelection. Of all people, Mr Modi should recognise that no election victory is worth giving up on India's best chance at becoming a world-beating economy.
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China's Sri Lankan push for power
News, Mihir Sharma, Published on 31/10/2018
» Most people in the island nation of Sri Lanka and its Asian neighbours were stunned last week when President Maithripala Sirisena dismissed Prime Minister Ranil Wickremesinghe -- and replaced him with Mahinda Rajapaksa, the populist strongman who had ruled Sri Lanka for a decade before the scrappy alliance between Mr Sirisena and Mr Wickremesinghe forced him out of power in 2015.
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Why demonetisation was a 'failure'
News, Mihir Sharma, Published on 03/09/2018
» The Indian central bank's final tally of Prime Minister Narendra Modi's 2016 demonetisation drive -- intended to take money derived from tax evasion out of circulation -- showed that 99.3% of outlawed high-value banknotes had been returned. That's a severe loss of face for officials, who had argued that holders of the cash would rather destroy it than return it to banks, providing a windfall for the government.
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