The magnitude of the threat from climate change is starting to be realized by the world's political leaders. A positive aspect of such a threat is that it could unite the world behind a common purpose, but this will require a drastic change in policy, primarily in the United States and the growth countries in Asia. This article argues that India and China could turn the threat from climate change into a political advantage by adopting a new development strategy, based on a demand for full access to all such technologies that may allow to quickly surpass from the dirty stage of development.
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.