IMF Working Papers

IMF Working Papers

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The nuclear deal

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I think its time that the Prime Minister gather the resolve to sign the Nuclear Deal. Frankly I don't think he has much to loose. The monsoons are expected to be normal, the Oil price is going to continue to remain in the above $130 range until the US Elections are through, and Manmohan Singh is not likely to serve another term as PM. On the other hand the communist are most likely to loose in far greater measure then they can imagine. The time to call the bluff has come. If however, the Cong-I cannot gather enough courage to make a stand then I think Manmohan should just hang his gloves. I think he is too good a man represent a party which lacks courage of conviction to do the right thing.
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China - The Tibet Dilemma

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  Tibet is back in news and this time not for Beijing-Lhasa Train project, but for the pro-autonomy and Anti-Chinese demonstrations. The current wave of violence happens at a time when China can least afford it and is a renewed wave that takes place after a gap of nearly 20 years. In 2008 Beijing will host the Olympics and the current demonstrations don't augur well with its plan to emerge on the world space as a super power in a otherwise uni-polar world dominated by the US. The Chinese build up for the Olympics has meant that most of the development and investments have been focused on Beijing and a couple of large cities. This development has been at the cost of Rural China. The situation has reached a point where the Communist Party leaders from the provinces surrounding Beijing have started complaining about the water shortage . A case in point being the province of Hebei which has been suffering from a severe drought but has to make arrangements to supply a additional 3...
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