The second wave of COVID-19 is causing India’s health sector to come apart at the seams – resulting in more than 3000 deaths every day. Prime Minister Modi’s government is being heavily criticized (locally and internationally) for the carelessness in controlling the virus. The author suggests the adoption of more liberal policies, and the abandonment of the Hindutva ideology – which may help in undoing the many wrongs.
Through the example of the Franc of the Financial Community of Africa (CFA franc), the author argues that France is practicing a form of neo-colonialism in Africa. France ensures this euro-backed currency for the 14 states part of the CFA franc zone—12 of these states are former French colonies. In return, it demands 50% of their foreign reserves to be deposited in the French treasury. Moreover, France has maintained a presence in the banks established for the implementation of the CFA franc policy, giving it control over the financial and exchange rate policies of the former colonies.
Although Pak-Russia relations have been marked by distrust and suspicion in the past, ties between the two states seem to be positively changing due to diplomatic visits and joint exercises. The recent visit of the Russian Foreign Minister to Pakistan and the mutual stance on the Afghan peace process have emboldened ties between the two nations. These bilateral relations have enormous potential in the areas of defence, mining, energy, tourism, among others.
The State Bank of Pakistan (SBP) Act, 1956 is expecting the insertion of a new amendment through the State Bank of Pakistan (SBP) Amendment Act 2021. The provisions of the amendment dictate that the SBP would have the final and only say in the determination of related policies, which, according to many economists, has the potential to further impair the economy of Pakistan.
Pakistan has once again failed to satisfy the Paris-based FATF with regards to the actions it is taking against terror financing and money laundering. The problem is the lack of international support. Even allies like China, Saudi Arabia, Malaysia, and the Gulf States refused to back Pakistan in the arena. The only supporter was Turkey.
Ethnic and linguistic conflicts are considered to be the prominent reasons for the creation of new provinces in Pakistan. However, such action is presently not constitutionally recognized.