The current situation between India and Pakistan is just short of a full-blown war. In response to the speech by the Pakistan Prime Minister, India termed Pakistan as a terrorist state.
Speech at UN General Assembly Session
People designated by the UN as ‘terrorists’ roamed the streets of Pakistan and conducted terrorist activities with the full support of Pakistan (The Hindu, Sep 22).
Ms. Eenam Gambhir gave the reply at the UN to the speech by Nawaz Sharif in which she stated that Pakistan used international aid to train terrorists on its soil with the aim of practicing terrorist acts against its neighbours. Ms. Gambhir is the First Secretary in the Permanent Mission of India to the UN.
The Tashkent Agreement
The UNCIP established in January 1948 sought to end the hostilities arising from problems of accession of Kashmir to India or Pakistan. Though these hostilities ended with the Tashkent agreement in 26 February 1966 under the supervision of the UN, it seems to have flared up again. Again, UN intervention will be sought to bring matters to a peaceful conclusion.
Work for A Complete Solution & India-Pakistan Fallout
A full solution would consist of the following steps at the very least:
- Get a commitment from Pakistan to respect the time bound plans and agreements
- Keep an UN Peace Keeping Force in Pakistan-occupied territory to ensure peace
- Both India and Pakistan will contribute to support the peace-keeping force for as long as the UN sees fit
Once this is done, Pakistan and India will come to the negotiating table to discuss things:
- Is the Pakistan-India agreement making sense or not?
- Does Pakistan honour the Tashkent Agreement? If not, what and why has to be explained.
- Do the people of Kashmir look to India for financial assistance in the future?
The Bottom Line
India should consider things that are likely to impact its peaceful existence such as:
- Financial implications
- Unrests and fallouts
When the people of a state within a sovereign country want independence they must address the issues with the country and not resort to war or terrorism.
Granted that India is willing to give sovereignty to the people of Kashmir, it will no longer take care of the state government. Further, any issues arising from this act should be resolved to the full satisfaction of India.
This second step might not prove easy as many people in India feel Pakistan is getting away with terror.
All these tensions surrounding war, the financial markets may come under pressure and there are chances of profit bookings and sell opportunities.