Courtesy: Common Wealth
The Indian Ocean Region (IOR) presents a unique opportunity to develop a Blue Economy, with security, sustainability and business profitability as its three pillars. An IOR Defence Ministers' Conclave held on 4 February provided a platform to discuss regional cooperation, linking development with defence, and emphasized India's pivotal position within the IOR.
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During the Bay of Bengal Economic Dialogue 2021 on, Post-COVID Challenges in the Bay of Bengal Region, Amb. Rajiv Bhatia, Distinguished Fellow, Foreign Policy Studies, Gateway House addresses the staggered growth of BIMSTEC, whilst also highlighting its potential as a regional grouping. He identifies the lack of political commitment, bureaucratic inertia and insufficient engagement of the Third Space and disregard for the region as a community as the chief obstacles to a successful initiative.
Courtesy: Sainik Samachar
Hailed as the highest altitude tunnel in the world, the Atal Tunnel at Rohtang pass in Himachal Pradesh is a significant part of India’s border infrastructure push. It has reduced travel time from Manali to Leh and forward areas. It is significant for national defence as also tourism because it provides all-weather connectivity to the Lahaul-Spiti Valley.
Courtesy: Radio Free Asia
The recently-enacted China Coast Guard laws have renewed uncertainty in the South China Sea. India must work with the Quad to build collective maritime competence of maritime law enforcement agencies beyond the Indian Ocean Region within the Indo-Pacific.
Courtesy: Gateway House
With the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 set to be introduced during parliament’s on-going budget session, India is now ready to introduce its own official digital currency—following in the footsteps of China and Russia. So far, Indian regulations prohibited the public from trading in crypto-currencies. However, the investor community has an interest in them, as an asset that is not subject to government devaluation, unlike regular fiat currency in circulation. This infographic traces the evolution of crypto-currencies since the launch of Bitcoin in 2009.
Courtesy: Shutterstock
On February 1, the Myanmar army seized power, turning a partial democracy into a full-fledged military rule, once again. Whenever democracy suffers, India feels concerned. However, New Delhi is committed to the policy of non-interference in another state’s internal affairs. It is also guided by its national interest and will astutely balance principles, values, interests, and geopolitical realities.
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The Union Budget for FY 2021-22 is due next week. ‘Aatmanirbhar Bharat’ and the continuing stalemate with China in Ladakh will guide Finance Minister Nirmala Sitharaman to allocate financial resources for the defence sector. How will she cater to the defence services’ expectations? Will she unveil special measures to further ‘Make in India’ in defence? Listen to defence expert Dr. Bhartendu Kumar Singh, in conversation with Sameer Patil, Fellow, International Security Studies Programme, to know how the budget will shape India’s mission to achieve self-reliance in defence-industrial capabilities
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Social media platforms such as Twitter and Facebook have come under global scrutiny in recent months following their use to incite or misinform the public. For years, governments around the democratic world have not taken the responsibility to adequately regulate these platforms. Now that may be changing – and it won’t be easy.
Both India and Canada have interests in strong multilateral systems. WTO and other institutions help create a network of alliances and norms, essential to function in a global economy. India-Canada should collaborate on developing overarching principles, as neutral third parties to develop broad principles to guide the technology exchange across borders that could act as a beacon similar to the UNDHR document.
Courtesy: US Navy/Twitter
Australia's much-awaited inclusion at the Malabar Exercise-2020 reflects a hard reset in India's foreign policy that was traditionally accommodative to Chinese concerns on the militarisation of the Quad. In the backdrop of the on-going stand-off with China at the Ladakh border, the Indian Navy has maintained a high operational tempo and deployed the highest numbers of frontline assets during this edition of the Malabar Exercise. India must build on this strategic vision and work towards including France at the next edition of Malabar in 2021.
