Averting the ‘Lehman Momentum’ in Nepal
The health of Nepal’s banking and financial institutions has deteriorated drastically, causing panic among a section of depositors and government institutions.
- Hari Bansh Jha
- July 18, 2011
South Asia is one of the main areas of research focus at IDSA. The region has been going through a period of turmoil over the last few years. Definitive steps have been taken in the recent past towards the establishment of democratic governments in the region. Given the importance of developments in the region for Indian security, experts at IDSA keenly watch and analyse unfolding developments in each South Asian country.
Two projects that are currently under progress are ‘Developments in Pakistan’ and ‘Pakistan Occupied Kashmir’. In addition, individual scholars are engaged in researching various security related aspects pertaining to South Asian countries. The Centre has established bilateral institutional relations with leading think tanks in the region and proposes to undertake joint studies.
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The health of Nepal’s banking and financial institutions has deteriorated drastically, causing panic among a section of depositors and government institutions.
Pakistan’s conciliatory approach towards India is tactical and could change rapidly if the army decides that its interests are better served through a more offensive posture.
This issue brief delves into the pragmatic motivations undergirding India and China’s “will to the sea”, before examining on a more conceptual level how New Delhi and Beijing have drawn on the old in order to buttress the new, most notably through the crafting of two maritime narratives.
The success of high-level talks between India and Pakistan would depend on how the media shape popular opinion in the two countries and popular support to take the relationship forward.
Though Pakistan and Afghanistan still continue to be embroiled in religious and ethnic conflict, the rest of South Asia appears keen to check and go beyond such tendencies.
Given the reluctance of Nepal’s political parties to further extend the term of the Constituent Assembly, lack of progress in implementing the five-point deal will result in the CA becoming defunct by the end of August.
If the Army withers away then a fragmentation of Pakistan into a ‘Lebanonized’ state would become inevitable.
Acknowledging the fact that military victory over the LTTE is not the final solution, Mahinda Rajapaksa has promised to restore the rights and dignity of the Tamils through a political solution.
In a positive movement, ISAF’s peace enforcement operation over time will have to shift to peacekeeping. Thinking through the idea of UN-SAARC hybrid peacekeeping mission now could help catalyse the peace process eventually.
Both India and Pakistan must immediately review their security practices for the protection of vital and vulnerable national assets, which in Pakistan’s case must also include nuclear weapons.