As concerns over a potential conflict in the region grow, the pressing issue of what a conflict would mean for the price of international crude oil needs to be addressed urgently.
Given India’s evolving procurement system, efforts should be made to enhance compatibility of technology from various sources. This may require greater cooperation with the US since many of India’s suppliers other than Russia depend on US technologies for their products.
Implementing the outlined 27 reform measures in four broad areas – Planning, Defence Budget, Acquisition and Make in India – would strengthen defence preparedness and build a credible defence industrial base.
The WhatsApp bug brings to light the same old dilemma between safeguarding individual privacy and enabling the state to undertake surveillance in the interest of security.
The Arms Trade Treaty is flawed and requires strengthening. Ratified States need to take the lead in fortifying the Treaty before more member States are asked to join.
During his first term, Modi had invested considerable political capital in cultivating critical players. The second term should enable him to reap the fruits of his political investments and elevate his engagements to a higher level.
There is a need to make it clear in the text of Paragraph 72 of DPP 2016 that no vendor other than the Development-cum-Production partner or the nominated Production Agency will be permitted to enter the tendering process at the post prototype development stage.
While India is likely to meet the shortfall in its crude oil imports, the Trump administration’s sanctions on Iran have the potential to either seriously damage India’s ties with Iran or hinder the strategic partnership with the United States.
In this era of complex interdependence, sudden disruptions in supply chains will not only hurt Chinese businesses in the US and elsewhere, but also damage the US economy as well as its reputation as a business destination.
The West Asian Crisis and Oil Price Expectations
As concerns over a potential conflict in the region grow, the pressing issue of what a conflict would mean for the price of international crude oil needs to be addressed urgently.