While China is bigger and feels mightier at the moment, Beijing's rulers would be well advised not to be tempted to provoke India, for that would only trigger a chain reaction around the world that would not serve anyone's interests, says Sanjaya Baru.
'Even with the restrictions of depositing more than Rs 2.5 lakh in a bank, people will find new methods to convert this cash hoard into legal tender.'
'The Modi-Xi and Modi-Obama meetings, with an interval of just 12 days, are juxtaposed superbly at a crucial point in the prime minister's life. Can Modi carve out a win-win situation with the superpower and the emerging superpower at the same time?'
'The real test will be in defence-related deals, for instance the Javelin anti-tank missile: Is the US willing to co-develop something with India, on terms that will support the 'Make in India' initiative? Is there defence technology transfer? Or will it dump old junk on India?' asks Rajeev Srinivasan.
'The year in pictures' treks across the globe, looking back on the moments that shaped 2016. From the United States presidential race, to demonetisation in India to the refugee crisis, the news has kept pouring in. Here are our top 50 moments from the world.
"The poor will not suffer disproportionately due to bouts of sharp inflation, and the middle class will not see its savings eroded," Raghuram Rajan said.
