"Most of us spend too
much time on the last twenty-four hours and too little on the last six thousand
years."
—Will Durant (American,
1885-1981)
Word for the day
Autarky (n)
The condition of
self-sufficiency, especially economic, as applied to a nation.
A national policy of
economic independence.
Malice towards none
Other things aside, one
thing is very clear - most experienced Indian politicians are thick skinned and
shameless!
First random thought this morning
In popular perception, both PM Narendra
Modi and CM Nitish Kumar have an image of honest and development oriented
administrator.
It is for the first time they
have joined hands.
It would be interesting to see
if this holy union metamorphoses Bihar out of BIMARU status and in the league of
MP and Jharkhand at least.
Would also be interesting to
see, whether it is the end of the road for Lalu Yadav, or he will rise again
like a phoenix.
Factroing Japan in investment strategy
10years ago in September 2007, a Japanese think tank, The Policy
Council of the Japan Forum of International Relations (JFIR), made its 29th
Policy Recommendations. The recommendations were aptly titled 'India's Leap
Forward and Japan".
The policy recommendations were drawn up on the basis of the
considerations like the traditional Indo-Japan economic and cultural relations,
paradigm shift in India's economic policy since 1991, India's dire need for infrastructure
investment and risk capital, and status of India as the largest recipient of
Japan's official development assistance (ODA).
The objective of policy recommendations was to influence the
policies which Japan should develop vis-รก-vis India, considering India's
political and economic realities at that time, in order to make most of India's
potential as a driving force for prosperity in Asia.
The group made the following 10 recommendations:
In past one decade, these recommendations have broadly guided the
engagement of respective governments and businesses in India and Japan. The
contours of these relations are build on strong foundations of mutual trust and
benefits, and are regardless of the government or persons at the helm at a
given point in time. Nonetheless, the bonhomie between the two incumbent prime
ministers has certainly helped in smoothly advancing the agenda and further
strengthening the ties.
In fact, the new phase in Indo-Japan ties started in 2011 with
signing of a bilateral free trade agreement (FTA).
In recent months, Japanese portfolio investment in India have also
accelerated and may have played a material role in rise in prices of Indian
equities and bonds. Given the potential size of the Japanese investments that
could possibly flow into Indian markets, it is therefore important to factor in
the rudiments of the relationships between two countries in the investment
strategy.....to continue next week
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