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Showing posts from May 10, 2020

Indian govt have so far announced measures of over Rs 15 lakh crore, says Barclays

https://www.thestatesman.com/business/indian-govt-far-announced-measures-rs-15-lakh-crore-says-barclays-1502888978.html report also said that the actual hit to government finances from the measures announced by Sitharaman in the last two days was pegged at Rs 66,500 crore or 0.34 per cent of the GDP. (Photo: iStock)
Aggregating all measures taken by the Indian government as well as its Reserve Bank of India (RBI), the country has so far announced measures of over Rs 15 lakh crore, leaving Rs 4.25 lakh crore worth of announcements remaining to hit the Rs 20 lakh crore mark announced by Prime Minister Narendra Modi, a British brokerage said.“From a monetary support perspective, the government and the RBI have made announcements of over Rs 15.75 lakh crore, leaving Rs 4.25 lakh crore more of announcements to be done to achieve the PM’s target,” it said.According to a report by Barclays Plc, published on Thursday, the finance minister Nirmala Sitharaman announced the second part of the sti…

Many tech workers won't be going back to the office

PRESENTED BY WALMARTLoginBy Ina Fried ·May 15, 2020Illustration: Sarah Grillo/AxiosTech companies are gaming out how to bring employees back to the office, but many are expecting a new normal in which a significant portion of their workers stay home for good.Why it matters: Some tech firms may find they are just as productive with a remote workforce. But a shift away from in-office work will have profound impacts on everything from the commercial real estate market to the vast number of support jobs that were built around serving Silicon Valley's sprawling campuses.Driving the news:Twitter told workers that they can work from home permanently if they want.Others haven't gone that far, but many tech companies have acknowledged publicly or privately that they don't expect most workers to return to the office this year.On a Zoom call with reporters on Wednesday evening, the CEOs of Box, Okta, PagerDuty and Twilio all expressed a sense that they will end up with more remote wo…

China’s Heavily Defended Fortress Near The Middle East And Indian Ocean

China’s Heavily Defended Fortress Near The Middle East And Indian Ocean H I SuttonContributor Aerospace & Defense I cover the changing world of underwater warfare. With its multiple layers of defense, thick wallsH I SUTTON

https://www.forbes.com/sites/hisutton/2020/05/15/chinas-new-fortress-near-the-middle-east-and-indian-ocean/#462eedb94066
More From Forbes Play Video The Chinese Navy is building a string of overseas bases. So far the largest and furthest afield is in Djibouti on the Horn of Africa. This strategically-located base appears ready to receive large warships, maybe even aircraft carriers. One aspect of the base is particularly interesting: It is a modern-day fortress built from scratch. If the Communist country was hoping to give off non-imperialist vibes as it expands its presence overseas, then it may have chosen the wrong architects.
And it is not just castle aesthetics, the base really is designed to be highly defendable on a scale rarely seen, even in war zones. Construct…

Northern theatre command with China should have Navy element: Gen. Rawat

General Bipin Rawat Dinakar PeriNEW DELHI 16 MAY 2020 17:35 ISTUPDATED: 16 MAY 2020 18:38 IST
https://www.thehindu.com/news/national/northern-theatre-command-with-china-should-have-navy-element-gen-rawat/article31601393.ece/amp/

Naval fighter aircraft can be deployed in the Western sector in the desert areas when not required at sea, he says.The proposed Northern theatre command along the border with China should also have a small Navy element in it as some of the naval systems are useful there, Chief of Defence Staff (CDS) Gen. Bipin Rawat said. He also said the naval fighter aircraft can be deployed in the Western sector in the desert areas when not required at sea to effectively utilise existing resources.Also read: Theater command system under CDS faces teething problems“Theatre commands will mainly be between the Army and the IAF. While it is the northern border there should also be a small Navy element,” Gen. Rawat told a small group of journalists during the week. Referring to the…

Naxals disrupt functioning of administration during COVID-19 lockdown; burn bridges, harass migrants

Ch'garh: Naxals disrupt functioning of administration during COVID-19 lockdown; burn bridges, harass migrantsSiddhant Mishra Updated May 16, 2020 | 06:34 IST Naxals did not just break bridges and roadways. but after lockdown, but also harassed the migrants who were travelling back home through the jungle route. Several tunnels under the road have also been detected by the security forces in the area Raipur: Since the start of the lockdown, Naxals in the red belt have been trying to take advantage of the situation. In various violent activities in LWE districts of Chhattisgarh, they bombed several roads in Dantewada, Sukma, Bijapur and Narayanpura. One major attack was averted by the security forces on Friday when teams of STF, DRG and CAF detected and diffused four remote-controlled IEDs, each 3-4 Kgs and cocktail bombs placed near them so that trees can catch fire after the blast and they can attack opening parties out for road construction on Palli-Barsoor road in Dantewada. More th…

Notion of false equivalence: India and Pakistan at the Line of Control

15 May 2020https://www.orfonline.org/expert-speak/notion-of-false-equivalence-india-and-pakistan-at-the-line-of-control-66170/?amp
AKSHAT UPADHYAY The false equivalence in terms of status as nuclear powers has led to hypothetical scenarios of India and Pakistan engaging in nuclear warfare and all effort and discussion has focused on prevention strategies. Cody Hoffman/Flickr The Line of Control (LoC) between India and Pakistan has been extremely active over the past few months. Recent operations conducted by the Indian Army in Keran and Handwara resulted in the killing of seven terrorists, but with nine Indian army brave hearts falling to the terrorists’ bullets in the months of April and May respectively. The period in-between was interspersed with intelligence based targeted attacks by Indian army formations on selected terrorist launch pads in Pakistan occupied Kashmir (PoK). These actions reinvigorated a round of ceasefire violations (CFVs) by the Pakistan army and retaliation by Indi…

Nudged by Ajit Doval, Myanmar army hands over 22 northeast insurgents

The handling over anti-India insurgents by Myanmar military is a culmination of months of work by NSA Ajit Doval and security agencies NSA Ajit Doval had been working with Myanmar military’s commander-in-chief Min Aung Hlaing to get the Indian insurgents deported(Agencies)Updated: May 15, 2020 17:29 ISTBy Shishir Gupta , Hindustan Times, New Delhi The Myanmar military handed over a group of 22 northeast insurgents to the Indian government on Friday afternoon. The insurgents, wanted in Manipur and Assam, are being brought back by a special plane, people familiar with the development told Hindustan Times.“This is a huge step for the Myanmar government and a reflection of the deepening ties between the two countries,” a top government official said soon after an aircraft with a planeload of insurgents took off from Myanmar.The plane will first make a stopover in Manipur capital Imphal, before heading to Assam’s Guwahati. “The insurgents would be handed over to the local police in the two s…

HOW WELL INDIA PREPARED TO COUNTER “CHINESE CHECKERS” IN INDIAN OCEAN

http://caapr.org/2020/05/how-well-india-prepared-to-counter-chinese-checkers-in-indian-ocean/
May 15, 20200 SUMMARYChina is racing ahead with its strategic moves in the Indo-Pacific region while the world is preoccupied with Corona health crisis. The past six months saw China maneuvering to strengthen its claims over disputed territories of the South China Sea and operationalize its capabilities for “far sea” warfare.  While the American deterrence in the South China Sea is still effective in preventing Chinese adventures, Beijing does not seem to feel constrained in the IOR by any such fears with the US already expressing its intentions to withdraw or reduce its forces from much of the region. While India has acted fast to strengthen its naval capabilities, it still faces severe limitations in thwarting Chinese threats.  Some of the suggestions offered to build effective defenses include public-private partnerships in reorganizing fishermen networks as first line of defense and using t…

The Case for QE in India Is Getting Stronger

 Dec 04 2019, 3:30 AM IST Dec 05 2019, 5:18 AM IST (Bloomberg Opinion) -- With India’s nominal GDP growing at its slowest pace in 17 years, it’s a given that the central bank will cut interest rates again this Thursday. What’s the point, though? Commercial bank lending rates have turned immune to monetary policy, so much so that a sixth reduction this year in the benchmark price of money will make hardly any difference. The only medicine that can work is quantitative easing, a remedy authorities aren’t even discussing. QE may not cure the patient, but it may well succeed in bringing India’s economy out of a coma. To see why the quantity of money is a bigger problem than its price, consider M4. The growth rate of India’s broadest measure of money supply has collapsed to single-digit levels for some time now, and is refusing to budge. New loans automatically create new deposits in the banking system. But until there are creditworthy takers for fresh advances, deposits won’t r…