US and India- is anything changing?

This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 2.5 India License.

The recently concluded meeting ,on June 13, between US and India in Washington cannot be dismissed as another on the list of many for reason that the dialogue now includes discussion of problems OUTSIDE South Asia. The conversation can now be called "strategic" in real sense as both the countries are now in serious counsultation regarding region other than South Asia. Hence we can say that the global flavour is taking the place of the local one.

The two topics discussed are Indian Ocean Security and East Asia. The other topics include the ones where U.S and Indian interests was apparent to both the sides eg. Afghanistan but the topics still missing are the ones in which the discussion could be a little uncomfortable. Top candidate being Iran and second being Pakistan. If this partnership is to grow and flower, the strategic discussions need to extend to subjects on which the two countries have more serious disagreements.

The economic relationship also need a relook though the bilateral trade has now topped $100million. For the US,it includes India's restrictions on foreign investment, intellectual property and more recently, India's apparent move away from its internatiional tax treaties. For India the hardy perennial involve primarily visa issues.

What is required is the active and forced involvement of leaders of the both the governments and to sort out issues by visits and meetings. Hopefully the strategic part of the discussions shall be progressive in nature and shall become part and parcel of future exchanges.

Based on article Expanding Strategic Partnership, The Hindu 26 June 2012(pg no.7)

Paul Krugman and Greece

This work is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 2.5 India License.

Paul Krugman who looks so ominously out of his picture in The Hindu(his eyes remind me of a person in trance), normally throws all his economics jargon at me,but has become more of a philosophical kind at least in the yesterday's newspaper . Thanks to the "who will bell the Greece?" game going around in Europe or I would say the world. Everyone is interested in the game but no one wants to actually win the game. Shirking the responsibility has taken a new name "memebers of Eurozone". Everyone is scared of 1931 but no one wants to actually learn from their Great grandfathers. Paul Krugman really impressed me not because he wrote something extraordinary but because it was lucid and ordinary for a laywoman like me to understand. I am really thankful to him to help me boost my ego and self-confidence, for i too will dare in future to read his column again rather than just staring back at those generously big eyes. He also draws parallel in Fed Reserve's inability to gesticulate and actually do something because everyone believes "ki yeh mera kaam nahin hai- very typical Indian PSU attitude". The unemployement figures in USA are soaring as high above as Michelle Obama(refrencing to her tallness). At the end what i understand is that Economics is nothing more than a game of knowledge coupled with decision. The absence of any of the two concepts can lead to another Greece. So are you ready to bell the cat....er Greece....

My knowledge about Paul Krugman is very sub-atomic so incase you wish to enlighten yourself go ahead and enjoy the link below........may be he inspires you....

http://en.wikipedia.org/wiki/Paul_Krugman