India’s cryptocurrency boom faces policy uncertainty

2021 ◽  
Keyword(s):  
United States ◽  
Money Laundering ◽  
The United States ◽  
Policy Uncertainty ◽  
Content Type ◽  
Digital Currency ◽  
The United Kingdom ◽  
Reserve Bank ◽  
The Government ◽  
Reserve Bank Of India

Significance Investments in cryptocurrencies in India grew from about USD923mn in April 2020 to nearly USD6.6bn in May 2021, according to industry estimates. More than 15 million Indians are reportedly buying and selling cryptocurrencies, placing the country closer in this regard to the United States, which has 23 million digital currency traders, and ahead of the United Kingdom with 2.3 million. Impacts The government is committed to having a digital currency issued by the Reserve Bank of India. Curbing money laundering and illicit activities will become harder as crypto trading proliferates. Cryptocurrencies will draw investors, especially younger ones, away from traditional safe assets such as gold.

UK Syria airstrikes strategy carries risks

2015 ◽  
Keyword(s):  
United States ◽  
United Kingdom ◽  
International Security ◽  
Terrorist Attack ◽  
The United States ◽  
International Strategy ◽  
Content Type ◽  
The United Kingdom ◽  
The Government ◽  
Jeremy Corbyn

Significance The government is aligning itself with the emerging international strategy against ISG in Syria. Its push to participate in airstrikes in part reflects a wish to reassert the United Kingdom's role as an international security partner, especially to the United States and France. Impacts The government envisages airstrikes as being needed for at least 12-18 months. The United Kingdom will be important but secondary in the anti-ISG coalition, with the United States continuing to conduct most operations. In the interests of its anti-ISG strategy, the government will temper its insistence on Syrian President Bashar al-Assad stepping down. The risk of an Islamist terrorist attack in the United Kingdom will increase. If Labour leader Jeremy Corbyn comes to be seen as correct in his anti-airstrikes stance, it will further envenom relations on the left.

Spanish foreign policy will concern traditional allies

2020 ◽  
Keyword(s):  
United States ◽  
Foreign Policy ◽  
Prime Minister ◽  
The United States ◽  
Political Crisis ◽  
Donald Trump ◽  
Far Right ◽  
Content Type ◽  
The United Kingdom ◽  
The Government

Subject Spanish foreign policy. Significance Spain does not see itself replacing the United Kingdom as one of the ‘Big 3’ in driving EU policymaking and cooperation after Brexit. Instead, the government of Prime Minister Pedro Sanchez will seek to prioritise Spanish interests in the Mediterranean and on Brexit, and will become less preoccupied with EU cooperation and integration. Spain is seeking a more balanced and broader relationship with the United States, but there is tension over the political crisis in Venezuela and trade issues. Impacts Relations with the United States will become more difficult, especially if President Donald Trump is re-elected. Although Spain would like to shift its regional emphasis towards Asia, Venezuela and the coronavirus could nullify that ambition. Immigration is now a priority, as further illegal inflows would fuel support for the far-right Vox party.

Opposition to China will grow in UK politics

2020 ◽  
Keyword(s):  
United States ◽  
United Kingdom ◽  
Free Trade ◽  
Conservative Party ◽  
The United States ◽  
The West ◽  
Content Type ◽  
The United Kingdom ◽  
The Government ◽  
Set Up

Subject UK opposition to China. Significance Conservative Party MPs are becoming increasingly concerned with China. They have set up the China Research Group (CRG), a backbench group dedicated to highlighting what they see as the increasing threat China poses to the health, wealth and security not just of the United Kingdom but to the West as a whole. Impacts Parliament will vote to reject Huawei’s involvement in the building of UK 5G unless the government reduces Huawei’s role substantially. The United Kingdom will look to cooperate with other large democracies in finding alternatives to Huawei. The government’s growing opposition to Huawei will make it somewhat easier to strike a free trade deal with the United States.

scholarly journals LOAN MORATORIUM 2020- ITS IMPACT ON INDIAN BANKS

2020 ◽  
Vol 4 (2) ◽  
pp. 1-14
Author(s):  
Meera Mehta ◽  
Rishab Kaul
Keyword(s):  
United States ◽  
Banking Sector ◽  
The United States ◽  
Jel Classification ◽  
The Troubles ◽  
Reserve Bank ◽  
Temporary Suspension ◽  
The Government ◽  
Indian Banks ◽  
Reserve Bank Of India

A moratorium is a temporary suspension of an activity or law until further consideration calls for a lift on the suspension, as in the case of the issues that led to the moratorium are resolved. Moratoriums may be imposed by regulators, by a business, or by the government. A moratorium is often ordered in response to situations of crisis. Moratoriums are not new to the Indian banking sector and have been granted and imposed in multiple instances in the last 20 years. Since 1999 moratoriums have been imposed on 9 banks for various reasons. Very recently, the Reserve Bank of India (RBI) offered a six-month moratorium between March 1, 2020, and August 31, 2020, on all loan equated monthly instalments (EMIs) to help lessen the troubles faced by borrowers due to the COVID-19 pandemic. This paper aims to study the recently granted moratorium by the RBI to assess and predict its impact on the banking sector. The study will also reflect on similar instances of moratoriums that have been granted in the United States, Greece, and Thailand in the last 20 years. JEL Classification Codes: E5, E58, E59

Energy reform will hit investor confidence in Mexico

2021 ◽  
Keyword(s):  
United States ◽  
International Trade ◽  
Trade Agreements ◽  
The United States ◽  
Energy Prices ◽  
Content Type ◽  
Investor Confidence ◽  
International Trade Agreements ◽  
The Government ◽  
Energy Reform

Significance The government will appeal the rulings, which follow action by renewables firms. With constitutional battles over energy investments already unfolding, the future of Mexico’s energy framework has been thrown into turmoil. Impacts Increasing energy prices will probably push inflation above Banxico’s upper target limit of 4%. AMLO’s apparent disregard for international trade agreements will strain relations with the United States. AMLO’s pro-austerity fiscal stance could take a toll on his popularity.

Turkish-US talks may limit Armenian genocide damage

2021 ◽  
Keyword(s):  
United States ◽  
The United States ◽  
Economic Consequences ◽  
Armenian Genocide ◽  
Content Type ◽  
The Government

Significance Erdogan adopted a relatively conciliatory tone and stopped short of declaring retaliatory measures, for fear of the economic consequences in particular, despite the fact that most Turks see Biden’s move as an insult and an attack on Turkish dignity. Impacts Ankara’s options for retaliation are limited but could include reduced military coordination with Washington in Syria and Iraq. Turkey could ask non-NATO US forces to leave, but closing the Incirlik air and Kurecik radar bases would hurt relations with NATO. The issue could be used internally to rally Turkish nationalist anger with the United States in support of the government.

12. The Governance of Scotland and Wales

2021 ◽  
pp. 318-344
Author(s):  
Ian Loveland
Keyword(s):  
United States ◽  
United Kingdom ◽  
Supreme Court ◽  
The United States ◽  
The United Kingdom ◽  
Government Power ◽  
Geographical Separation ◽  
The Government

This chapter examines how the constitution has addressed the question of the geographical separation of government power in the United Kingdom of England, Scotland, and Wales, and discusses the Scotland Act 1998 and the Government of Wales Acts of 1998 and 2006. It argues that although the Scotland Act 1998 and Government of Wales Act 2006 fall short of creating a ‘federal’ UK constitution similar to how the notion is understood in the United States, the constitutional significance of the devolution legislation should not be underestimated. The chapter also discusses the conduct and outcome of the 2014 independence referendum in Scotland. Consideration is given to the leading Supreme Court judgments on the nature and extent of the Scots Parliament’s legislative powers, and to the contents and implications of the Scotland Act 2016.

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