'Notwithstanding the realisation among the Indian leadership to build up its navy for the force's expanding role, the Indian Navy was allocated only 15% of the interim defence budget presented in Parliament in February 2019.' 'The outlay for the navy's capital acquisition is not even adequate to meet its committed liabilities,' points out Brigadier S K Chatterji (retd).
India is apprehensive about the Taliban's return as it would mean loss of access to Baluch rebels and help to the restive tribals of Waziristan. This would be a setback to the Indian strategy of returning the compliments of death by a thousand cuts to Pakistan, notes Colonel Anil A Athale (retd).
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
'The approach towards Mallya is not right because his unit could have been turned around earlier with additional funds from his side and the bank's side.'
Famous and long believed to be trusted Indian brands have wilted against foreign brands, says Mohan Guruswamy.
Even as Chinese troops continue squatting on territory that we claim as our own -- this was the lowest allocation for defence in percentage terms since the 1950s, reveals Ajai Shukla.
50 years after the 1965 War, India still thinks we can have a 'limited war' when our opponent has time and again shown it does not believe in a limited war, says Colonel Anil A Athale (retd).
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
"No other relationship of India has as many layers as our relations with China. We are the world's two most populous countries and among the fastest growing major economies. Our cooperation is expanding," he said.
Arpi deserves to be complimented for the commitment and hard work that have gone into this production. The frustrations of seeking reliable documentation from the catacombs of the Indian bureaucracy did not deter him from going after the best information available, and the result is one that he can take much satisfaction in. Ambassador Prabhat P Shukla, Member Advisory Council, Vivekananda International Foundation, reviews Claude Arpi's The End of an Era: India Exits Tibet.
'India has already suffered in the raid of January 2, and taken punishment. If comparable or higher retribution does not visit Pakistan, there is no reason why it should not undertake such a misadventure again,' says Lieutenant General Ashok Joshi (retd).
Seeking to spur foreign investments, Finance Minister P Chidambaram has said the Union Cabinet will decide on raising FDI caps in different sectors in the third week of this month.
By undertaking medical mercy missions, the Indian Air Force will win immense political and national goodwill.
The move, amid a rise in slippages from restructured assets, is aimed at resolving stress in the banking system.
'With two nuclear neighbours, how likely is it for our armed forces to battle in a contaminated environment that could include nuclear, biological or chemical attacks by the adversary?' 'Are we prepared for the threat?' Brigadier S K Chatterji (retd) explains the meaning and significance of Operation Vijay Prahar.
'With the recent challenging of the notion of the Indian Ocean Region being India's strategic backyard, China is gradually upping the ante in the maritime realm around India.'
Budget should raise revenues & reduce spending to increase capital expenditure.
'The defence minister needs to focus on human resources-related issues at the same pace in 2017 as he did on acquisitions in 2016,' says Brigadier S K Chatterji (retd).
A glance back at some of the important ups and down Indian Inc faced in 2018.
'The government has belied the hope that many harboured of change, efficiency and dismantling old practices as the defence ministry continues to pursue the same well trodden and wasteful path.'
We get tangled up in our own crooked web on purchases, and the murky arms bazaar knows it, says Shekhar Gupta.
In the near term, the key driver will still be the government's fiscal spending.
Deepak Parekh, chairman of Housing Development Finance Corporation (HDFC), India's largest mortgage lender, says the exuberance in industry about the new government is justified but big ideas articulated by the prime minister need speedy implementation.
The Tata empire turns 150 this year. R Gopalakrishnan, former director, Tata Sons Ltd, imagines a conversation among the group's founder Jamsetji, his son Dorabji, his successor, Nowroji Saklatwala, and his successor, J R D Tata.
'By beheading an Indian soldier, the Pakistan army has demonstrated its proclivity for barbaric medievalism.' 'The strategies adopted and the punishment inflicted by India must be made progressively more stringent with every new act of terrorism till the cost becomes prohibitive for Pakistan,' says Brigadier Gurmeet Kanwal (retd).
Instead of a consumption stimulus the government must address the NPA issue with a war footing and invest in infrastructure, affordable housing and exports, says Sanjeev Nayyar.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
'LIC's proposed investment will come out of what is technically called the 'policyholders funds'.' 'As the name implies, these monies belong to policyholders; that is, you, me and 25 crore others who have taken a total of 30 crore policies from LIC.' 'It is not the government's or LIC's money to play poker with,' says S Muralidharan, former managing director, BNP Paribas.
'She has to get the funds, cut through bureaucratic flab, speed up modernisation, ensure planned acquisitions stick to timelines, make organisational changes and ensure the military is capable of performing the task that it is given,' says Brigadier S K Chatterjee (retd).
What makes Ravichandran Ashwin the world's premier Test spinner?
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
'SBI is already too big. Too big to fail.' 'It already is a moral hazard. What will it do with 20,000 branches that it cannot do with 14,000, especially in these days of online and mobile banking?'
'The UPA's claim of growth at 9.5 percent was absolute nonsense and a fraudulent claim because the country did not grow; it was only statistical growth.' 'I do believe that when there is a determined leader who wants to bring a desired change, the system will begin acting. Today, people think there is policy paralysis, but there is functional paralysis also.' 'When things start moving, people will invest. Many companies are holding cash, many people are not investing. Nobody is making any move. Everybody is waiting for the elections to get over.' Economist and Swadeshi Jagran Manch convenor Swaminathan Gurumurthy in conversation with Shobha Warrier/Rediff.com
Following is the full text of Prime Minister Narendra Modi's address from the ramparts of the Red Fort on the 73rd Independence Day.
Should Sasikala seek to follow Jayalalithaa's footsteps in the matter, and if at all she is not disinterested in keeping the twin posts together, the by-election to Jayalalithaa's constituency R K Nagar could be the starting point, says N Sathiya Moorthy.
'When it comes to India-Pakistan relations, seminal moments of progress invariably bring out saboteurs of peace -- whether we're talking about fresh provocations along the LoC, or even a terror attack in India.'
Moving ahead with their new mantra -- Chalein Saath Saath: Forward Together We Go -- Prime Minister Narendra Modi and United States President Barack Obama on Tuesday vowed to deepen cooperation in every sector for the benefit of global stability and people's livelihoods over the next ten years.
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