A galaxy of dignitaries including Defence Minister Rajnath Singh, his French counterpart Florence Parly, Chief of Defence Staff General Bipin Rawat, Air Chief Marshal R K S Bhadauria and Defence Secretary Ajay Kumar will attend the ceremony.
Some organisational changes are likely in some of the key army formations.
The two sides have also agreed for a joint mechanism to verify the progress in the disengagement process through delegation meetings as well as using unmanned aerial vehicles.
The Centre held that seniority is not the sole criterion for selection.
'Perhaps the most important political trend affecting armed conflict in the 21st century, will be in the relationship between civilians and those who fight on their behalf,' points out Lieutenant General Anil Chait (retd), who served as chief of the Integrated Defence Staff and Central Army Commander.
'Why wouldn't so strategically-minded an adversary, such as China, not militarily exploit to the maximum Indian timidity, stupidity, and cupidity all along the LAC and legitimate, as it has done so often in the past, the fait accompli of incremental territorial grabs which, by the way, is its strategy and policy as implemented on the ground?'
'The PLA is under constant watch.' 'There is an escalation matrix. For every degree of escalation, responses are thought of and trained for.'
Sources said India will not lower its guard and will maintain the current state of very high-level of combat readiness in eastern Ladakh till there are visible changes in the ground situation.
When the IAF veterans' bail petition came up for hearing, in an unprecedented move, senior serving and retired Air Marshals and Air Vice Marshals rallied behind the accused officers and appeared before the court to give sureties for each, something that has never happened ever before.
As per the sources, the discussions between the two sides include pulling back tanks and armoured vehicles from their present positions, and some development in this regard is likely to take place in the next few days.
With ambitious generals knowing that political patronage might be rewarded, a worrying era of politicisation of the military looms ahead, observes retired Colonel Ajai Shukla who has known Generals Rawat, Bakshi and Hariz for a long time.
The Indian troops guarding the nearly 3,500-km Line of Actual Control (LAC) maintained an assertive approach in sync with the broader national security doctrine and procured a variety of military platforms and weapons to enhance their combat capabilities.
'Over the last year, Bajwa has created the environment to support bold moves on India. The ball is in India's court,' a senior Pakistan military officer tells Ajai Shukla.
General Bajwa, unlike many of his predecessors, believes the Pakistan army's long-term interests lie in reducing tensions with India, reports Ajai Shukla.
Local commanders of Pakistan also told Indian counterpart that no ceasefire violation was committed by their side.
'India's challenge is status quo ante. China's challenge is a face-saving exit'
The agenda of the talks will be to firm up a roadmap for disengagement of troops from all the friction points in eastern Ladakh, the sources said.
India has already mobilised fighter jets and sent thousands of additional army troops to forward locations along the border with China after 20 Indian Army personnel were killed in a brutal attack by Chinese troops in eastern Ladakh's Galwan Valley on June 15.
2 other terrorists who were killed in the encounter include Divisional Commander Muhammad Bhai, a non-local Waseem, a resident of Drubgam, Pulwama.
Indian Army officers, serving and retired, will tell you that the one thing that makes the Indian soldier singularly unique is his josh and jazba.
11 private firms would be involved in the ambitious project.
Roundup of Ranji Trophy matched played on Sunday
Prime Minister Modi felt there were too many silos with no arrangement to take a comprehensive view on national security. The PM has entrusted NSA Ajit Doval to evolve a comprehensive roadmap and get it implemented, reveals Nitin Gokhale, Editor-in-Chief, Strategic News International.
In a joint statement, the two armies said it was agreed to earnestly implement the important consensus reached by the leaders of the two countries and ensure that the frontline troops exercise restraint and avoid misunderstanding and miscalculation.
The meeting was attended by National Security Advisor Ajit Doval, Chief of Defence Staff General Bipin Rawat, Army Chief General M M Naravane, Navy Chief Admiral Karambir Singh and Indian Air Force Chief Air Chief Marshal R K S Bhadauria.
Sitharaman said keeping morale of forces at the highest level was among the priorities of the government.
But the regulator has dropped the proposal of asking flyers to maintain 30 seconds of silence.
In the review meeting, Singh told the top military brass to continue to deal with the situation in eastern Ladakh and other areas with "firmness".
The Indian Air Force is monitoring the developments along the western front, he said.
During the visit, she reviewed the security situation in the border region and inaugurated a bridge that will link Leh to Karakoram, providing connectivity on the strategically important Darbuk-Shyok-Daulat Beg Olde axis for military transport.
As the border standoff entered the sixth month, an early resolution to the row appeared dim with close to 100,000 Indian and Chinese troops remaining deployed in the high-altitude region and showing readiness for a long-haul. There is no official word on the talks yet but sources said the agenda was to finalise a roadmap for disengagement of troops from all the friction points.
The team of 21 Rashtriya Rifles had entered the house of a civilian to prevent a hostage situation when they came under attack from the terrorists who had already reached there. While the four army personnel and the police Sub Inspector lost their lives in the encounter, the civilians trapped in the house were safely evacuated.
This will also be his first August 15 address after coming back to power with a huge mandate.
The military brass is learnt to have apprised Modi about the evolving situation in eastern Ladakh, though officials maintained that the agenda of the pre-scheduled meeting was to discuss the ambitious military reforms and ways to boost India's combat prowess.
The sources also said another round of military talks between the two sides on Wednesday to defuse tensions in the area remained inconclusive. The talks lasted nearly seven hours.
The defence minister clearly asserted that there will be no budgetary constraints to enhance the capability of the Army and meeting its other requirements.
Central Reserve Police Force commander Chetan Cheetah, who was shot nine times during an encounter with terrorists in Kashmir, has made a "miraculous" recovery and will be discharged from the AIIMS on Wednesday.
'Earlier the planning process was services specific, with others coordinating. 'Now we shall have an apex leader backed by a structure, who is accountable to provide single-point advice, based on best of all options dependent on geographical and situational intrigue, and that too, after validation,' says General Anil Chait (retd), the former central army commander.
The navy finds itself fighting for relevance, with navy planners lamenting that its share of the budget has dropped dramatically.
This is the second such incident of mutilation of the body of an Indian soldier on the LoC since October 29.
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