UNION BUDGET 2021
What is the Union Budget? The Union Budget is also known as the Annual Financial Statement. Article 112 of the Constitution of India lays down that it is a statement of the estimated expenditure and receipts of the Government for a particular year. The Budget keeps the account of the finances of the government for the fiscal year (from […]
Military takeover and imposition of Emergency in Myanmar
Elections were held in Myanmar in 2020 in which Aung San Suu Kyi’s National League for Democracy (NLD) swept the polls by winning almost 80% of the vote, while the Army-backed Union Solidarity and Development Party (USDP) suffered a humiliating defeat. The voters gave the NLD 396 seats, while the USDP ended up with just […]
IMF PROJECTION OF GDP – POINT TO PONDER
INTRODUCTION The IMF’s latest report on GDP growth of nations rattled many a countries of the world. For example, the comparison between India and Bangladesh per- capita GDP released by IMF’s latest Economic Outlook; Bangladesh is poised to overtaken India in GDP per capita. While Bangladesh has indeed, made strides in its economic growth, its smaller […]
Troika of Foundational pacts LEMOA, COMCOSA and BECA for Strategic Partnership between India & USA
After (Logistics Exchange Memorandum of Agreement (LEMOA) and COMCASA, New Delhi and Washington have signed BECA on 27 October 2020, sealing a framework of mutual trust and long-term military and strategic cooperation. The immediate context is the common threat from an aggressive and expansionist China, but the potential for cooperation in the future is immense. […]
Developments in Gilgit – Baltistan
Historical Background of Gilgit Baltistan Gilgit Baltistan (GB) hilly region is located to the north of PoK and is spread over 72,871 sq km. It five-and-a-half times the size of PoK. But it is sparsely populated, with just under 20 lakh people. Located in the northern Pakistan. It borders China in the North, Afghanistan in the west, Tajikistan in […]
NEW ASPIRATIONS & ERA IN INDO- US RELATIONS
Introduction Democrat Joe Biden has been declared the winner of the 2020 US presidential election, defeating Donald Trump, according to all legitimate news agencies. Our Prime Minister Narendra Modi has officially congratulated the new President of America Joy Biden and Vice President Kamala Harris, the most power team on this planet right now. PM Modi […]
MYANMAR – BACK TO TURBULENT WATERS
INTRODUCTION Myanmar, also known as Burma, was ruled by the Armed Forces from 1962 until 2011, when a new government began ushering in a return to civilian rule. Though Democracy was given a chance in Myanmar, it was like a velvet gloved iron-fist. Military had an iron grip over the elected parliament since the most […]
India’s Expanding Strategic Footprint
After the breakup of USSR and with the emergence of a multipolar world, India has been gradually seeking partnership with like minded democracies for logistic cooperation for the armed forces. This is done by signing a host of logistic support agreements (LSAs). Very basically, LSAs are mutual agreements between two nations which permit a host […]
Delimitation in J&K and resumption of a political process
What is delimitation? Delimitation refers to the process of demarcation of the boundaries of parliamentary or assembly constituencies. The process is intended to ensure that each constituency has approximately an equal number of voters. So that a set number of voters have one representative in the Lok Sabha as well as in the state assemblies […]
Melting of Ice at LAC – Disengagement at Pangong Tso Lake
Defence Minister Rajnath Singh announced on 11 February 2021that India and China are disengaging from standoff areas along the Line of Actual Control in Pangong-Tso Lake. The “synchronised and organised disengagement are to take place from the north and south banks of Pangong Lake. The announcement said that any structures that had been built by […]