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1. India's Nonperforming Assets: A Lurking Crisis

Author:
Rasika Gynedi
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
Asset quality in India's banks has deteriorated sharply and if not tackled promptly poses a systemic risk to the banking system—and by extension the Indian economy. A high proportion of nonperforming assets (NPAs) steadily erodes the capital base of a bank, impinging on the ability of banks to raise fresh capital and continue lending for investment activities. Indeed, the spillover impact from banking crises to the real economy is all too familiar, evinced by the subprime mortgage crisis in the United States. However, despite this risk, the issue is not garnering sufficient attention outside the banking industry.
Topic:
Economics and International Trade and Finance
Political Geography:
United States, South Asia, and India

2. Afghanistan after the Drawdown

Author:
Gerald F. Hyman
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Center for Strategic and International Studies
Abstract:
In his 2013 State of the Union speech, President Barack Obama announced that by the end of 2014 "our war in Afghanistan will be over" and, a month earlier, that "by the end of next year, 2014, the transition will be complete—Afghans will have full responsibility for their security, and this war will come to a responsible end." The military transition, successful or not, is in full swing. Of course the war will not come to an end in 2014, responsible or otherwise. Even if the military drawdown goes as planned, "America's commitment to a unified and sovereign Afghanistan will endure, but the nature of our commitment will change," the president said. On the military side, our enduring commitment will focus on training, equipping, and funding the Afghan National Security Forces (ANSF) and "some counterterrorism efforts that allow us to pursue remnants of al Qaeda and their affiliates," presumably the Taliban. As the United States draws down, so too will the remaining coalition countries of the International Security Assistance Force (ISAF) under North Atlantic Treaty Organization (NATO) command.
Topic:
Security, Development, Economics, and Governance
Political Geography:
Afghanistan, United States, and South Asia

3. Bridging the Gap? The New Philanthropy in India

Author:
Karl F. Inderfurth and Persis Khambatta
Publication Date:
05-2012
Content Type:
Policy Brief
Institution:
Center for Strategic and International Studies
Abstract:
Standard Poor's recently cut its outlook on India's investment rating from stable to negative. The decision was met with shock from India's Ministry of Finance, but it echoed a sentiment currently running through policy discussions about India—that investors and policymakers in and outside of India are looking at the central government with disbelief and disappointment over the stalling of further economic reforms.
Topic:
Security, Development, Economics, Poverty, and Food
Political Geography:
South Asia and India