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May 2025

Testing Times Ahead

By Dr CA Mayur B. Nayak, Editor
Reading Time 6 mins

As I write this Editorial, my heart is broken, and my eyes are filled with tears because of the ghastly terror attack on innocent tourists at Pahalgam, Kashmir, claiming 26 lives with many more seriously injured. Each story of death and injury is heart-rending. What is most disturbing is killings in the name of religion. It will derail the progress and prosperity of Kashmir as tourists will be afraid to go there. Already, many tourists have cancelled their tours, and those in the valley are returning. The Government has taken steps to neutralize terrorists. Pakistan-based terror groups are believed to be behind this attack with active state support, and therefore, the Government has suspended the Indus Waters Treaty with immediate effect. Citizens of Pakistan are asked to leave India; SAARC Visas are cancelled, the Atari border is closed, and diplomatic ties with Pakistan are pruned. Many more steps are anticipated. The entire world is shocked with major world powers declaring support to India. Indeed, we have a testing time ahead, as such barbaric terror attacks tear the basic fabric of unity, humanity and brotherhood.

Tariff / Trade Wars

On 28th March, 2025, Myanmar experienced a devastating earthquake, the tremors of which were experienced in Thailand and other neighbouring countries.

However, the entire

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