High Fuel Prices: Does the End Justify the Means?
The contentious discourse in the media ignores the implications of state taxes on rising fuel prices.
- Vinay Kaushal
- September 27, 2017
No posts of Books and Monograph.
No posts of Jounral.
The contentious discourse in the media ignores the implications of state taxes on rising fuel prices.
MoD can leapfrog many of the 11 stages in the procurement programme by taking the measures outlined to fulfil the urgent requirements of the Air Force.
This policy brief attempts to suggest six critical policy imperatives that must act as guidelines for the ongoing attempt at defence reforms.
Adhering to the RTI Act in letter and spirit will lead to more responsible decision-making, greater accountability, and more credibility to the actions of the MoD.
Foreign collaborations optimised for profit, risk-sharing and a common goal of achieving technological superiority could well enable India to break into the global market in select areas.
Achieving the intended outcomes of the 13th five-year defence plan is critically dependent on the ability of the Ministry of Finance to increase the defence budget by at least 100 per cent from next year onward.
It would be a bold gesture if MoD decides to categorise all development projects under Make-II. This will send a strong message to the industry and to the nation about MoD’s earnestness to promote private sector participation.
It behooves both HAL and ADA to work in synergy to meet the target of 16 aircraft per annum and ensure the successful and prompt completion of the Tejas Mk.1A project.
Indian industry, which is the intended beneficiary of this preference policy, needs to play a proactive role in facilitating the smooth implementation of the order.
Why the objective sought to be achieved through the strategic partnership scheme could not be attained by resorting to an existing provision in DPP 2016?
While developing critical defence technologies has undeniable benefits, their acquisition through Transfers of Technology brings numerous complexities and eventually may deliver limited benefits.
The formal inclusion of the Munitions List within the SCOMET framework explicitly brings the defence industry under the purview of India’s global commitment to non-proliferation.
The SP model, if implemented well, is likely to have a number of benefits for both the private sector and the larger Indian defence industry.
There seems to be no clear advantage of giving an overarching role to the Ministry of Home Affairs as regards formulation of policy or grant of industrial licence for manufacture or export of defence items.
The objective of promoting Indian industry can be achieved in a simpler manner if after selecting the platform to be inducted MoD leaves it to the foreign OEM to tie up with the Indian company of its choice.
The new enabling provision in GFR-2017 provides the MoD a chance to amend its own procurement document and include a provision of production reservation and price preference for domestic industry.
It would be both graceful and fair to pay a reasonable amount that is seen as equitable compensation for infringement of the fundamental right to life or damages arising from tortious liability of the government.
While there is no doubt that India could do with help from Japanese defence firms, the modality of acquiring technologies from foreign companies in general requires to be clearly articulated.
Speaking at the United Service Institution on May 4, 2017, the Chief of the Army Staff said that India needs to spend much more on military modernisation to ensure that economic growth continues unhindered.
The government should set up a task force to engage with potential investors and investees and evolve a simplified FDI policy, which has different slabs for different kinds of activities and is free from terms and conditions that are difficult to understand and implement.