The issue is OROP (One Rank One Pension) and the question is: Has the time come to think differently in regards to implementation of OROP?

During the Asian-African Conference Commemoration Summit in Jakarta, the Indonesian president in his opening address put the record straight that "The view that the world economic problems can only be solved by the World Bank, the International Monetary Fund, and the Asian Development Bank is an out-dated view." One can hardly hear such a scathing attack from an incumbent leader against the financial-troikas in Asia.

On May 16 Prime Minister Narendra Modi would twit: ‘First Indian Prime Minister is visiting Mongolia after 60 years of our diplomatic relation’. If China is repositioning itself in the Silk Route (ancient India was a major link too) through larger economic thrust, India has to travel in the same breadth and length with the teachings and philosophy of Buddhism in North and East Asia, as Buddhism flourished prior to the Silk Route era.

The decision to buy 36 Rafale fighters exposes the complexinstitutional mechanisms in defence procurement.

In an interview with CNBC-TV18’s Latha Venkatesh and Sonia Shenoy, Deba Mohanty, Vice President, Society for the Study of Peace and Conflict said that he was hopeful of more reforms beyond the move to hike FDI. Below is the edited transcript of the interview on CNBC-TV18.

Latha Venkatesh: There was a lot of publicity for the move to allow 49 percent FDI for manufacturing defence equipment. Have you noticed any other reform measures and procedures that the new government has initiated?

Prime Minister Narendra Modi’s visit to Nepal in August this year sparked a united political front in the Himalayan nation – a rare eventuality given the intra and inter-party rivalry in the country. The visit also took place at a crucial juncture when Nepal is faced with major challenges to draft a new constitution by the second constituent assembly (CA). The visit marked an important step towards strengthening the bilateral ties, which, of late, has been marred by apathy and indecisiveness.

The recent visit of Chinese President, Xi Jinping to India raised much expectation amongst the Indian people. It was Mr. Xi’s first India trip since he assumed the post of President and after the Narendra Modi led government came to power in May 2014.

Over the years, the 'taken for granted attitude' of Indian policy-makers have distanced India to such an extent from Nepal that contiguous border between the two countries seem unfathomable since the mid-1990s.  It took a prime minister of India 17 long years to dismantle the distance and reach out to the Nepalese youth. The recent two-day high-profile visit by Indian Prime Minister to the Himalayan nation speaks volume of the sense, sensitiveness, confidence and consequences of bilateral relations that India wants to nurture with Nepal.

What doesn't get measured, doesn't get managed. This is the sad story of environmental deterioration around the world which has been religiously and rigorously measuring gross national product (GNP) to ascertain the growth of a nation. But, a tiny Himalayan country has deviated from such calculation of national progress. The Gross National Happiness (GNH), as Bhutan's economic path to development, has less talked about in mainstream economics. And, this is not a fairytale!