As the saying goes, everything that goes up had to come down. The same holds true for the price of oil, which has seen a slide of around 55% in just three months. At one point of time there were even predictions that prices would reach $200 a barrel. However, currently, the price of oil has dropped to $68 a barrel, from a high of over $147 in July this year. But the question is how and more importantly, why did this happen, and in such a short time.
October 24, 2008
Read MoreSince 2005, the ‘centre of gravity’ of Asian piracy has clearly shifted westwards from Southeast Asia to the western Indian Ocean. The Somalia-based pirates are on the rampage, capturing vessels of all sizes ranging from yachts to super-tankers and their crew for ransom. This is hardly surprising, considering that the writ of Somalia’s Transitional Government (TFG) does not even run on the entire Somali land territory, and much less on its adjoining seas.
October 22, 2008
Read MoreBodo militancy can be effectively resolved by accommodating the only surviving Bodo militant outfit within the existing self-governing territorial council that came into existence in 2003. In the mid-1980s, the Bodos of Assam under its influential student body, the All Bodo Students’ Union (ABSU), which began a vigorous mass movement demanding a separate Bodoland state on the North of the Brahmaputra. The movement lasted for about a decade and resulted in the establishment of a territorially defined self governing council known as Bodoland Autonomous Council (BAC) in 1993.
October 20, 2008
Read MoreThe caretaker government in Bangladesh had assumed power with the objective of bringing about a new political culture in the country. This aim had made them decide upon a crackdown against corruption and the introduction of a slew of political reforms. One such reform was the need for all parties to abide by the constitution the non-registration of religion based parties.
October 20, 2008
Read MoreOn October 7, 2008, the PLA Daily reported that the Central Military Commission (CMC) and the four general departments of the Chinese military celebrated in great style the success of the Shenzhou-VII manned space flight mission. Shenzhou-VII, carrying three astronauts (Zhai Zhigang, Liu Boming, and Jing Haipeng) returned successfully on September 28 after conducting a historic spacewalk mission. This success made China the third country after the United States and Russia to conduct a space walk mission.
October 16, 2008
Read MoreWhat does it take to be ‘a vibrant industry’ or more specifically ‘vibrant defence industry’? Broadly, it would demand that the industry should be innovative in terms of processes and products, its base and structure should have large dimensions horizontally, vertically, and technologically to be responsive enough to keep pace with the changing strategic expectations of the nation. Defence exports and imports should be a matter of deliberate political or commercial policy choices and not a result of security compulsions.
October 08, 2008
Read MoreNo other recent visit to India has been so eagerly awaited as that of Pushpa Kumar Dahal, alias Prachanda, the Maoist revolutionary turned democrat and Prime Minister of ‘New Nepal’. His party received a thumping mandate from the electorate in the last elections and but for the fact that 50 per cent of the seats were to be filled up by proportional representation, it could have easily crossed the half way mark in the constituent assembly. Thus, under the existing electoral procedure, the Maoists were forced to bank on other political parties to form a government.
October 08, 2008
Read MoreThe recent suicide attack on Mariott Hotel in Islamabad has once again focussed international attention on Pakistan. Violence in Pakistan is now moving from the periphery to the heartland. The level of violence has been rising continuously for the last few months. Drawing upon media reports, an attempt is made here to analyse violence in Pakistan during August 2008.
September 30, 2008
Read MoreOn September 13, five serial bombs shattered the weekend peace across several popular market complexes in New Delhi, killing 30 innocent civilians and injuring nearly 90. An elusive outfit calling itself “Indian Mujahideen” (IM) claimed responsibility for the bombings via an email sent to national media houses 10 minutes after the first blast at Karol Bagh.
September 25, 2008
Read MoreGeorgia was a constituent republic of the former USSR. In 1991, the dissolution of the Soviet Union led to the independence of Georgia. In turn, the autonomous regions of Georgia, namely South Ossetia and Abkhazia, attempted to break away from Georgia, resulting in civil strife in the early Nineties. These conflicts were settled with Russian involvement with the United Nations Mission in Georgia deploying in a peacekeeping role in Abkhazia and a Russian peacekeeping force deploying under a Joint Control Commission in South Ossetia.
September 25, 2008
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