Facebook's recent proposal for a stable global cryptocurrency on social media platform has led many to anticipate its positive impact on the global economic system. However, privacy concerns and Libra's planned decentralised approach have raised apprehensions among the regulators around the world.
Even if the Fifteenth Finance Commission manages to make a specific recommendation about the funds to be allocated for defence and internal security and the government accepts the recommendation, there can be no guarantee that the actual allocation will not fall short of the accepted level.
While the OIC is critical of India, it remains wary of treading on China’s toes when it comes to civil and religious rights of the Uyghur Muslims. The OIC reports also turn a Nelson’s eye to Pakistan’s treatment of its own ethnic Muslim minorities. The OIC has disregarded the fact that India is a democratic and secular country, where every citizen is free to practice one’s religion.
The vulnerability of soldiers to exaggerated, motivated and false FIRs is fundamentally a result of the State preferring to deal with legal issues in disturbed areas within the framework of a law and order problem.
While Japan envisions its role as a leading promoter of rules-based liberal international order, the G20 tested Japan’s leadership in championing the cause of trade liberalisation and resisting protectionism.
It would be nice to see the defence ministry setting up a task force and submitting actionable recommendations which could be considered by the finance minister while deciding the defence outlay next year.
With the latest Union budget keeping the MoD interim allocation unchanged, the MoD has an uphill task in managing its resources and in funding its modernisation programmes.
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.
Libra - A Millennial Global Currency from Facebook
Facebook's recent proposal for a stable global cryptocurrency on social media platform has led many to anticipate its positive impact on the global economic system. However, privacy concerns and Libra's planned decentralised approach have raised apprehensions among the regulators around the world.