IDSA Comments


Indian Army’s Modernisation Plans: Call for Pragmatism

The Parliamentary Standing Committee on Defence’s figures reveals that the army's equipment modernisation is steadily falling. In 2008-09, the army spent 27 paisa of every rupee on capital expenditure. This fell to 24 paisa in 2009-10; 23 paisa in 2010-11; 20 paisa in 2012-13 and just 18 paisa in the last two years. Resultantly the army’s ambitious plans to transform from a ‘threat-based to a capability force’ by 2020 are being consistently thwarted.

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Sixth BRICS Summit: A step towards more equitable global order?

The Declaration pushes for a more equitable norm and the New Development Bank is an interesting outcome. The initial subscribed capital of $50 billion dollars and the responsibilities of the functioning are to be shared equally among the founding members of the bank. While China will host the headquarters, the regional centre will be located in South Africa; similarly the first President of the Bank will be from India, the First Board of Governors from Russia and the first chair of Board of Directors from Brazil.

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Gaza: What Does Israel Want?

Israel’s argues that the Hamas does not recognize its existence, which, up to a point, is technically correct. But, a moment of reflection will show that recognition is exchanged only between states and that since Israel has prevented the emergence of an independent Palestine, it has no right to expect recognition from the other side.

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Iraq crisis: Lessons for India

Given India’s vulnerability to a rise in global crude oil prices as a result of its 75-80 per cent of its crude import dependency, the Iraq crisis could widen its current account deficit, while putting pressure on exchange rate, impeding government’s fiscal consolidation goal and putting off any nudge on interest rates by the Reserve Bank of India.

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