The Cash Crisis is What “Make In India” is Supposed to Look Like

The Cash Crisis is What “Make In India” is Supposed to Look Like

India is presently in the throes of a major cash crisis after the government abruptly decided to withdraw the two highest-denominated notes worth approximately 86% of the entire currency supply out of circulation. The ostensible reasoning behind this is to target “black money” and militant financiers, but the real-life consequences have been that millions of…

Indian Economy Grinds to a Halt after Cash-Ban: “Faith in System Shaken”

Indian Economy Grinds to a Halt after Cash-Ban: “Faith in System Shaken”

Amid scenes of panic across India, following PM Modi’s shock decision to withdraw high-value bills in the middle of the sowing and wedding season, Reuters reports the move, aimed at cracking down on the shadow economy, has brought India’s cash economy to a virtual standstill. With over 90% of all transactions done in cash, money…

Indian Military to Buy 500 More Russian T-90 Tanks for $2 Billion

Indian Military to Buy 500 More Russian T-90 Tanks for $2 Billion

The Indian Defence Acquisitions Council (DAC), chaired by India’s Defence Minister Manohar Parrikar, has pre-approved an armaments modernization project for the Indian armed forces for a total sum of 821 billion rupees (over $ 12 billion), the Times of India (TOI) reported. According to the report in the TOI, what has been approved is the purchase of…

India’s Crackdown in Kashmir: Is This the World’s First Mass Blinding?

India’s Crackdown in Kashmir: Is This the World’s First Mass Blinding?

For the past month, while the attention of the world has been fixed on every dramatic twist in the US presidential election, the renewal of armed conflict between India and Pakistan has barely touched the headlines. In the past few weeks, the two nuclear states have, between them, killed two dozen civilians and injured scores…