IDSA Comments


Oil Price Volatility and India’s Energy Security: Policies and Options

The recent downslide in crude oil prices from a peak of US $147 a barrel to below $40 and speculated to fall further to $25 has evidently provided relief to oil importing countries, which have been triply inflicted by huge oil pool deficits, growing food prices and global economic downturn. But based on current oil market fundamentals and past experience, there is no reason not to believe that the current fall in oil prices is likely to be temporary. Sooner or later prices will rise and may even be higher than the recent peak because of two particular reasons.

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Towards Better India-Bangladesh relations

The landslide victory of the Awami League led by Sheikh Hasina in the December 29, 2008 parliamentary elections ended the two-year old political uncertainty in Bangladesh and marks the return of a democratic government. With 262 seats out of 299 for the Awami League-led Grand Alliance, Sheikh Hasina is entrusted with the onus of opening a new era in the history of Bangladesh. The mandate clearly shows that people voted to power the party that won the country’s independence from Pakistan, and rejected the BNP-led four-party combine which got only 32 seats.

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New Challenges of Cyberwar: Stocktaking from Mumbai Experience

The November 2008 Mumbai terrorist attacks have highlighted the new challenges posed by cyberwar. A faked telephone call from the India Foreign Minister to the Pakistani President caused a diplomatic flutter. It appears that the new civilian leadership in Pakistan was not aware of diplomatic protocol involved in such telephonic contacts and was fooled into believing that this was indeed a genuine communication.

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‘Transformational Elections’ in Bangladesh

As Bangladesh is holding its most closely watched general elections, the apprehension remains whether democracy would prevail in the country. All the uncertainties about the elections were removed when the interim authority repealed the state of emergency that had been prevailing in the country since January 11, 2007. It was on that day that a military backed caretaker government had assumed power after months of political strife and failure of the earlier caretaker government headed by President Iajuddin Ahmed to hold free and fair elections.

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An Elected Government in Bangladesh and India’s Options

If all things go well, Bangladesh should have an elected government in January 2009 following the Jatiya Sangsad (national parliament) elections. Contrary to much scepticism, the caretaker government headed by Fakhruddin Ahmed has embarked upon fulfilling its promise of holding free and fair elections on December 29, 2008. This caretaker government received groundswell support because it was viewed as an instrument of democracy in Bangladesh, something that the previously elected government was unable to deliver at the end of its tenure in 2006.

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Imperative of Exercising Control over the ISI

The deadly terrorist attack in Mumbai is set to derail India-Pakistan bilateral relations. With all the evidence pointing towards Pakistan, it has become difficult to advocate that India must go ahead with the composite dialogue. The Indian government is understandably frustrated with Pakistan’s reluctance and/or inability to act against radical groups within its territory. In spite of repeated Pakistani assurances, radical groups are still operating openly in Pakistan, raising funds for jihad, and imparting armed training to jihadists.

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