For weeks, the war skirted the edge of catastrophe without tipping over. Missiles flew, there was much destruction, commanders were assassinated, cities across the Gulf and even in Israel struggled to absorb the shock. But one line held: Energy infrastructure, the arteries of the global economy, remained largely untouched. That is no longer true. Prem Panicker continues his must read daily blog on the Gulf War.
Iran is fighting a different war: Older, slower, and in some ways more dangerous. Iran doesn't need to shoot down an F/A-18. It only needs to make the Strait of Hormuz feel dangerous long enough for insurance markets, shipping companies, and oil futures traders to do the rest. Prem Panicker continues his must-read daily blog on the war in the Middle East.
PM app downloaded 2.5 million times, to see 20-fold growth in user base
'When the world was refining itself, India was going backwards culturally with so many rape cases and other atrocities against women, children and the elderly. The growth of evil forces was very bad in the last 10 years,' says Malayalam movie star Suresh Gopi, who met Narendra Modi recently tells Rediff.com's Shobha Warrier in this exclusive interview.
Over the past week, the Sensex and the Nifty continued the bull-run
'I do not require validation from a hostile media. My conscience is clear.'
'Indian and Iranian sources both confirmed to me that India and Iran are moving ahead to implement a payment system on buying oil from Iran and hope to finalise it very soon,' says Aveek Sen.
India has some ability to influence what the world order will look like, but it needs to make structural changes to the ministries of external affairs and commerce, and evolve formal coordination mechanisms with the ministries of finance and home, says Nitin Pai
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