Expert Zone

Straight from the Specialists

The Islamic State in Iraq, Syria and its fallout on India

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(Any opinions expressed here are those of the author and not of Thomson Reuters)

The Islamic State has invigorated jihadi establishments in South and Southeast Asia. It has shaken up the al Qaeda, so far occupying the spiritual pedestal of Islamist Jihad, spurring it to announce the formation of a branch in the Indian subcontinent. Apparently, the Indian subcontinent won’t remain unscathed with the contesting constituents of Islamist jihad locked in a battle of dominance.

Conventional assaults like in Iraq and Syria are, of course, inconceivable. However, something like the 2008 attack in Mumbai could definitely be attempted. A few basic requirements need to be met before any of these players think of enhancing their scale of operations in India. Boots available for deployment is one of them.

A sizeable number of young Indian radicals are fighting for the so-called Islamic caliphate. They would return imbued with the delusions of an extending caliphate and be available as the core nucleus for Islamic State operations in India.

The al Qaeda has links with the Indian Mujahideen and the Students Islamic Movement of India (SIMI). It understands local culture, has links with the Lashkar-e-Taiba – a major player with links to Indian groups – and has a deep connect with Pakistan’s Inter-Services Intelligence (ISI).

India Market Weekahead – Volatility expected ahead of RBI policy review

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(Any opinions expressed here are those of the author and not of Thomson Reuters)

After a rally of 500 points on the Nifty, markets consolidated at slightly higher levels to close at 5850 this week. It’s evident that hope keeps the market ticking — this time it was various measures by the new RBI governor, Raghuram Rajan,that cheered the markets.

But expectations, at times unrealistic, could lead to disappointment. Though Rajan made the right moves, it would be interesting to see how he uses the limited manoeuvrability he currently has. The monetary policy review on September 20 would be closely watched.

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