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The IUP Journal of International Relations
Focus

South Asian region comprises eight countries, of which India and Pakistan are the two most dominant countries as compared to the other relatively small countries, namely, Afghanistan, Bangladesh, Bhutan, the Maldives, Nepal, and Sri Lanka. The region is heterogeneous in nature in terms of ethnicity, language and religion. It is characterized by “low per capita income, high rate of population growth and high population density.”

The arch rivalry between India and Pakistan, the asymmetry between India and its smaller neighbors, bilateral disputes among member countries, rise of various ethnic and religious conflicts in the region and sustained political instability in some of the member states have acted as major stumbling blocks to regional integration and cooperation in South Asia. Apart from the regional disputes, interference by some external powers in this region has further intensified the animosities among the countries of this region.

Against this backdrop, the paper, “Geostrategic Significance of South Asia: Contextualizing the Interests of External Powers”, by Bawa Singh and Mohamad Arif Mir, examines the geostrategic significance of South Asia and the role of external major powers such as China and the US in the region. The authors argue that interference by some external powers in South Asia region has intensified the animosities among the countries of the region. Post 9/11 and in the wake of the US war against terror in Afghanistan, the South Asian region has once again achieved tremendous importance, with the US’ direct alliance with Pakistan becoming a major flash point.

B N Mehrish, in the paper, “Ukraine Crisis: Legal and Economic Dimensions”, analyzes the factors responsible for the Ukraine crisis. The annexation of Ukraine’s Crimea region to Russia has contributed to a rise of unease in Central and Eastern Europe. The author examines the challenges Russia’s resurgence poses and also discusses its implications for the US foreign policy. To de-escalate the current situation in Ukraine, diplomatic efforts to peacefully resolve the Ukrainian crisis should be initiated.

Santishree D Pandit and Rimli Basu, in the paper, “Connectivity, Development and Regional Integration: The Case of Indo-Myanmar Kaladan Project”, opine that the Kaladan Multi-Modal Transit Transport (KMMTT) project between India and Myanmar would provide the connectivity of India to Myanmar and other Southeast Asian countries. It would benefit both India and Myanmar and lead to the development of trade between the two countries. It would provide an alternate route for transport of goods to northeast India and economic development of northeastern states, and also considerably improve the northeast’s links with the Association of South East Asian Nations (ASEAN). In a way, the project provides a win-win situation for both India and Myanmar.

Joshua O Bolarinwa, in the paper, “Reinventing True Federalism in Nigeria: A Perspective”, argues that federalism has been distorted by the political class and the military since Nigeria’s independence in 1960. The absence of enduring democratic system, the various ethnic conflicts and political instability are some of the other factors that have contributed to the present situation. The author opines that Nigeria cannot be a strong and united federation unless and until the states are sufficiently empowered. A major constitutional reform should be put in place to make the states autonomous and independent to a reasonable extent.

Bawa Singh, in the paper, “Maritime Security Threats in the Indian Ocean: How Prepared Is the Indian Navy?”, highlights the importance of the Indian Ocean and how India is dependent on the Indian Ocean for its economic and strategic wellbeing. The Indian Ocean is highly infested with maritime threats such as maritime terrorism, sea piracy, drug trafficking, small arms trafficking and many more. The author assesses the implications of these maritime challenges for the Indian security and economy. To protect the vital economic interests in the Indian Ocean Region from the emerging maritime security threats, the Indian Navy should re-strategize its role in the region.

-- Kalluri Raj Reddy
Consulting Editor

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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International Relations