International Relations

Power is the ability to influence the behaviour of others. In international relations, as the Harvard academic, Joseph Nye, reminds us, power can be exercised in three ways: by threatening or actually using military force, by offering economic incentives or imposing economic sanctions, or by building what Nye famously dubbed “soft power.” That is, the “soft power” of nations to persuade others based on the … Continue reading International Relations

Fourteenth Financial Commission

The FFC, headed by former RBI Governor Y.V. Reddy, has broken new ground by recommending a move away from scheme and grants-based support to States to a greater devolution of funds from the Centre’s divisible pool of tax revenues. Constitutional body Fourteenth Finance Commission (FFC) has grasped the nettle of the imbalance in centre–state relations in fiscal affairs and has made sound recommendations for the … Continue reading Fourteenth Financial Commission