The Trump administration in the United States, in withdrawing from the Geneva-based UN Human Rights Commission last June, has given a signal to a South Asian nation – Sri Lanka – once during the previous Obama administration’s liberal-controlled state department headed by its secretary Hillary Clinton infringed in its sovereignty in hauling to UNHRC imposing global scrutiny on its execution of the ‘war on terror’: Continued membership in the UNHRC means abdicating a nation’s sovereignty.
With diplomacy and world affairs dominating the front page lately (or the home page, as we are gradually learning to think of it), this week’s list of recommended titles has a decidedly international cast.
State Bank of India (SBI) has said that the spike in currency in circulation to near pre-demonetisation levels is possibly driven by political parties hoarding cash ahead of polls. Historically, cash usage picks up ahead of elections across governments. The surge in currency is slowing down deposit growth and pushing up interest rates in money markets.
Before the Russian Revolution of 1917, "socialism" and "communism" were synonyms. Both referred to economic systems in which the government owns the means of production. The two terms diverged in meaning largely as a result of the political theory and practice of Vladimir Lenin (1870-1924).