Defence Budget 2011-12 should go beyond Fiscal Austerity
Ground reality rather than fiscal prudence should guide the Finance Minister while finalising the defence budget for 2011-12.
- Laxman Kumar Behera |
- February 23, 2011 |
- IDSA Comments
Home » IDSA Comments
Ground reality rather than fiscal prudence should guide the Finance Minister while finalising the defence budget for 2011-12.
Abduction is a Maoist tactic to arm-twist the government and secure the release of imprisoned comrades as well as make some tactical gains by placing demands that could be projected as pro-people.
2011 began on a sombre note for arms control, nuclear non-proliferation and nuclear disarmament with Pakistan once again blocking negotiations for a FMCT
India should seek a regional solution to the Afghan conflict, involving a regional force under a UN flag to provide a stable environment for governance and development till the Afghan National Army can take over.
The amendment of the EAR is intended to realign US export policy towards India and expand cooperation in civil space, defence and high technology sectors.
Although the option for the Maoists to join the Khanal government is open, for the time being the chances of a consensus government look remote.
Mubarak’s fall may bring Iran closer to Egypt than ever before. Iran has taken a pro-people stand and hopes to reap a harvest of good-will in the Arab world. The Iranian Opposition has also extended support to the movement, though for different reasons.
The people’s movement, in bringing down the former President Hosni Mubarak, has once again showed the power of peaceful protest and ideas. There are many lessons to be learnt from the transformative developments.
Realising the needs of a changing economy and to secure its growth, China’s financial institutions have already started the gradual process of integration. The aim is to learn from the workings of the global financial industry and create competitive global Chinese financial institutions.
Pakistan is the main outlier in negotiations at the Conference on Disarmament over a Fissile Material Cut-off Treaty (FMCT). Its ceaseless quest for parity with India are not likely to meet with success. Meanwhile, nuclear stocks within Pakistan pose a danger to Pakistan itself.



