Averting the ‘Lehman Momentum’ in Nepal
The health of Nepal’s banking and financial institutions has deteriorated drastically, causing panic among a section of depositors and government institutions.
- Hari Bansh Jha
- July 18, 2011
Two projects that are currently under progress are ‘Developments in Pakistan’ and ‘Pakistan Occupied Kashmir’. In addition, individual scholars are engaged in researching various security related aspects pertaining to South Asian countries. The Centre has established bilateral institutional relations with leading think tanks in the region and proposes to undertake joint studies.
No posts of Books and Monograph.
No posts of Jounral.
The health of Nepal’s banking and financial institutions has deteriorated drastically, causing panic among a section of depositors and government institutions.
Pakistan’s conciliatory approach towards India is tactical and could change rapidly if the army decides that its interests are better served through a more offensive posture.
This issue brief delves into the pragmatic motivations undergirding India and China’s “will to the sea”, before examining on a more conceptual level how New Delhi and Beijing have drawn on the old in order to buttress the new, most notably through the crafting of two maritime narratives.
The success of high-level talks between India and Pakistan would depend on how the media shape popular opinion in the two countries and popular support to take the relationship forward.
Though Pakistan and Afghanistan still continue to be embroiled in religious and ethnic conflict, the rest of South Asia appears keen to check and go beyond such tendencies.
If the Army withers away then a fragmentation of Pakistan into a ‘Lebanonized’ state would become inevitable.
Given the reluctance of Nepal’s political parties to further extend the term of the Constituent Assembly, lack of progress in implementing the five-point deal will result in the CA becoming defunct by the end of August.
Acknowledging the fact that military victory over the LTTE is not the final solution, Mahinda Rajapaksa has promised to restore the rights and dignity of the Tamils through a political solution.
In a positive movement, ISAF’s peace enforcement operation over time will have to shift to peacekeeping. Thinking through the idea of UN-SAARC hybrid peacekeeping mission now could help catalyse the peace process eventually.
Both India and Pakistan must immediately review their security practices for the protection of vital and vulnerable national assets, which in Pakistan’s case must also include nuclear weapons.
The Nepalese Army’s proposal on integration addresses both the Maoists’ insistence on integration of the ex-combatants and the non-Maoists’ anxiety that the army could face a professional crisis and politicisation.
The underlying message of Prime Minister Manmohan Singh’s visit is to convey to Pakistan, the US and the others that India has strategic interests in Afghanistan.
The elimination of OBL might not accelerate US withdrawal from Afghanistan, but in all probability this marks the beginning of the end of active US military presence in Afghanistan.
The elimination of Osama, though a great feat by the US special forces, will largely be a symbolic event – terrorism is unlikely to end and the situation in Af-Pak is not likely to improve.
Despite the talk about India having key strategic interests in Afghanistan, it neither has the necessary resources nor the clout to influence developments in Afghanistan.
The aversion in India to dealing directly with Pakistan's military establishment is entirely understandable, but is also unreal given the power dynamics of Pakistani politics.
S.M. Krishna should reassure the people of Nepal that India has always acted in the interests of the Nepalese people and that it has no intention to interfere in the internal politics of the country.
China’s intensified engagement in the region, encompassing reconstruction and development, suggests a subtle move to alter the security situation.
The demand to prohibit the Muslim clergy from issuing Fatwa is gathering momentum in Bangladesh.
India should seek a regional solution to the Afghan conflict, involving a regional force under a UN flag to provide a stable environment for governance and development till the Afghan National Army can take over.