Join the RCEP (The Regional Comprehensive Economic Partnership). No ifs and buts. Please do it. Think about it in this manner. Just don’t haggle over trade deficits. An FTA opens the door to a $25 trillion market. Companies that can compete can gain a lot from this.
“Banking is a fine balancing act of managing borrowers and depositors. It is essential to recognize that both constituents are here to earn profits and not do charity. If there is a disturbance to this equation, the fallout could be more damaging to the economy in the long term. What if savers begin to favour gold and real estate over bank deposits?” – The Economic Times
It’s a smart problem. For the Supreme Court to waive off certain interest payments by the borrowers. That’ll cripple banks. It’s also a moral hazard. I might not have done what the court did. A moratorium is fine but to wave them off is just too troubling. I hope the banks survive.
The age of coal is over. Be prepared for confrontation from many in the world if you keep tying yourself up to this.
Now, I’m not very enthused by the response of the government of India. It’s a very primitive response just tit-tatting. “If China moves in 4,000 troops, I will move in 4,000 and one troops!” Does it improve the defence of the nation? Hardly.
It would help if we instead put in a formal request to join the QUAD (Quadrilateral Security Dialogue) which currently consists of Japan, the U.S. and Australia. It’s a military exercise conducted at certain intervals. I don’t know how frequently. This would enhance the battle-readiness of the forces.
In time, I would further urge a push to include the armies and navies of Vietnam, the Philippines, Taiwan, and if they agree to it, Malaysia and Indonesia. This QUAD+ could hold their exercises 2 two years, preferably just across the South China Sea, in the Pacific Ocean close to many of the participant countries themselves. Now, that would be a move forward. It would also be great if India sends in a light fleet of some carriers to the South China Sea, maybe as a yearly exercise.
You need to resolve the sore dispute with Nepal which might at some point even allow the stationing of Chinese troops if Nepal keeps feeling ever more bitter about the dispute. Maybe take it to an international court? It’s a smooth solution. It would be good if friendship with Taiwan is bettered, and they even accept the stationing of QUAD+ troops.
The values which allow for a peaceful, sombre life are about to be attacked. Don’t just stand arm in arm. Act. Please.