The central thesis of this article is that the Asian energy consumers would serve their interests well if they look again at their energy frontiers and define them within the contours of Asian energy interdependence rather than triggering an Asian energy race. The three leading Asian consumers, China, Japan and India, are principal actors in the Asian theatre, and their needs, assessments and policies are going to be central in defining the regional energy security agenda. Their current approaches have placed them more as competitors, which could trigger conflict situations.
The Indian Defence Budget 2007-08
On February 28, 2007, Finance Minister P. Chidambaram presented the Union Budget for the fiscal Year 2007-08 (April 1, 2007 - March 31, 2008). Out of a total budgeted expenditure of Rs. 6,80,521 crore, Rs. 96,000 crore was earmarked for national Defence, which includes allocations to the three Services - Army, Navy and Air Force - Defence Ordnance Factories, and the Defence Research and Development Organisation. This is besides the allocation of Rs. 16, 695.83 crore for Defence Civil Estimates, including Rs. 14,649 crore for Defence Pensions.