India appears to be failing to consider the geopolitical and foreign policy fallouts from signing the so-called foundational military pacts with the United States.

The summit brought out ambiguities in America’s policy towards denuclearisation of Korean Peninsula. To translate outcomes of the summit into concrete deliverables, Trump administration would not only have to clearly define its denuclearisation action plan in terms of goals, methodology and timeline but also bolster its alliance with South Korea and Japan.

Mutual and shared interests between India and the US must form the basis of an enduring solution to the quandary presented by the provisions of the Countering America’s Adversaries through Sanctions Act.

Despite the easing of international crude prices, the central government is unlikely to cut central excise duties since a cut of Re 1 would result in a loss of revenue of Rs. 10,725 crore.