Centre for Civil Society President Partha J Shah, as quoted by PTI, said since the ranking is based on 2018 data, many new restrictions on international trade, tightening of the credit market due to NPAs and COVID-19’s impact on debt and deficits are not reflected in India’s score. … [Read more...] about India loses 26 spots on economic freedom ranking: Report
Lt Gen AK Singh (retd), Distinguished Fellow with Centre of Land Warfare Studies (CLAWS) and R Chandrashekhar, erstwhile member of the Armed Forces Headquarters Civil Service in their well-presented joint article, have put forth the view that “The simultaneous creation of a Department of Military Affairs as a separate vertical within the Ministry of Defence with the CDS as its ex-officio Secretary are each and together tectonic shifts that have moved the balance in civil-military relations to a new normal. It has also disruptively altered the entire edifice of the structure of decision making relating to matters of military.” Clearly, the test of such thrust and parry may come sooner than expected. … [Read more...] about India-China border clashes: How the post of CDS has impacted the chain of command in Indian military
So, while the SCRI may be a timely initiative to germinate resilience for these regional economies of the Indo-Pacific and even more countries may join it, there will be no escaping China's centrality. Over the decades, China has built itself as the manufacturing hub for global supply chains and refashioning these could take a couple of decades. Such incremental drift perfectly suits India which needs time to make itself competitive. … [Read more...] about Supply Chain Resilience Initiative | There’s no escaping China’s growing centrality
The continued regulatory reforms in bond markets ensure improved ease of access for investors. There are tax exemptions to ‘Sovereign Wealth Funds’ and ‘Pension Funds’ for Infrastructure investment. FDI into India rose by 20 percent in 2019. This when global FDI inflows fell by 1 percent. This shows the success of our FDI regime. All of the above steps will ensure a brighter and more prosperous tomorrow. They will also contribute to a stronger global economy. … [Read more...] about Full text of PM Modi’s speech at US-India Strategic Partnership Forum
Is sustainable mining the keyword?India’s National Mineral Policy 2019 had also emphasised that mining operations shall not ordinarily be taken up in identified ecologically fragile and biologically rich areas. It had noted that the government shall identify such areas that are critically fragile in terms of ecology and declare as ‘in-violate areas’ or ‘no-go areas’ out of bounds for mining and with a view to reducing pollution, carbon footprint and operational costs, use of renewable sources of energy at mining sites will be encouraged through appropriate incentives.It had even suggested an inter-ministerial mechanism to decide the limits on the extent of mining activities that should be permitted including a detailed study for assessing the ceiling of annual excavation of minerals, considering the availability of mineral resources, the carrying capacity of the region, and the macro-environmental impact on the region while also “keeping in mind the … [Read more...] about Whose minerals are they anyway?