Unless the SCOMET list includes munitions items, and is harmonised with the Wassanaar Agreement list, India will be unable to get the full benefits of international commerce in defence goods.

In 2007, a small piece of research by Steven Jen generated ripples about the role and significance of Sovereign Wealth Fund (SWF) in the world of finance. The term SWF was coined by Andrev Razanor in 2005, and IMF defined it as “assets held by governments in other country’s currency”. Although, SWF has a history of more than half a century, it gained currency only since 2000. SWFs have been created by the governments for different motives.

Terrorism, maritime security and border management are the key challenges in India's neighbourhood

Since 2001, Islamic terrorists have struck India with frightening frequency and ferocity. The most disturbing aspect of these attacks is that they have spread into the hinterland from Jammu and Kashmir (J&K) which was the main focus of the terrorists in the late 80s and the following decade.