With Narendra Modi about to make his first Independence Day speech, there is a buzz in Delhi that Modi will make some big announcements to signal major reforms and directional shifts. But we have to wait and see if it happens, says Mohan Guruswamy.

Israel is no longer the valiant and beleaguered underdog, but increasingly seen as an increasingly arrogant oppressor seeking to crush another old nation under its jackboots, says Mohan Guruswamy.

The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.

'A senior US diplomat last week asked me when things will go back to normal. I had to tell her that if normalcy meant getting back these perks, it is not going to happen for a very long time, if ever at all,' says Mohan Guruswamy. 'For the Indian public now is outraged that US diplomats have enjoyed all these winking at the rulebook.'