Author: India Writes Network

Pakistan military drums up India threat

- by India Writes Network

Pakistan’s military has always touted India as the primary threat to the country. This projection of the India threat keeps the powerful military establishment in business. It’s therefore not surprising to find Pakistan’s Chairman of the Joint Chiefs of Staff committee reiterating what has been the guiding credo of Rawalpindi HQ. “India is the only external threat for Pakistan,” General Rashad Mahmood, who is the chairman of the Joint Chiefs of Staff committee, told Senate Defence Committee members on August 27 about the perceived threat.

Pakistan’s military informed the committee that India had purchased USD 100 billion worth of weapons of which 80 percent were Pakistan-specific and it is expected that India would be buying weapons worth another USD 100 billion.

The statement coming soon after the cancellation of the talks between National Security Advisers of both countries is set to sour the atmpsherics between the two nuclear-armed neighbours.

While there has been no official reaction so far from the Indian side, such remarks don’t create a conducive atmosphere for any sustained engagement between the two countries.

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China’s economic crisis: An opportunity for India?

- by India Writes Network

On August 24, India’s stock markets witnessed a Black Monday with the Sensex falling over 1,600 points. Panic did strike the markets and the depreciation of the rupee only added to the worries. India’s Finance Minister Arun Jaitley and Governor of Reserve Bank of India Raghuram Rajan came out to reassure the investors that it is only a temporary pain that India had to endure. Overall, the fundamentals were very strong and the market mayhem was more due to the ongoing economic crisis in China, they said.

In today’s global integrated markets any crisis in any part of the world is likely to impact markets world over. The impact of such a crisis on different markets varies from country to country, based on their exposure to the crisis-hit markets. China has been seeing its stock markets and real economy slump over the past few weeks. And when the world’s second largest economy took a hit and witnessed a steep fall in recent times, it was bound to create panic across the global markets.

China’s surprise move to devaluate its currency sent ripples across markets. The Shanghai Composite Index dropped 8.5 percent that led to sell off in stocks and commodities around the markets in the world. During the 2008 global financial crisis China was seen as a shock absorber and even India did well to weather the crisis at that point of time. Both the countries were cited as examples of resilience to global shocks worldwide.

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Chasing Urban Dream: India identifies 98 smart cities

- by India Writes Network

India’s smart cities mission has moved a step forward with the government announcing the list of 98 ‘Smart Cities’ that will be developed to enhance the quality of urban life in India. With the Indian economy growing over the past couple of decades, a host of problems associated with unplanned urbanization have cropped up.

Indian cities have started becoming unlivable, according to many urban development reports, and are facing plenty of challenges from housing to infrastructure, sanitation, employment and public transport. To help address these issues, the government has shortlisted 98 cities across the country as part of its Smart Cities project.

The Centre has decided to provide funding of Rs 48,000 crore to selected cities to improve infrastructure and public service delivery with the help of technology and e-governance.

Smart City has also become a major plank of India’s foreign policy thrust, with Prime Minister Narendra Modi seeking support of developed countries in his quest to transform the country’s urban infrastructure. The United States, France, Germany, China and Japan are some of India’s key external partners in this smart cities project. Urban Development Minister M. Venkaiah Naidu stressed that these smart cities will be equipped with robust IT connectivity and digitization and core infrastructure such as water supply, electricity supply, sanitation, public transport, solid waste management and affordable housing. “We are not just aiming at making our urban landscape fanciful and flashy but the prime objective is to enhance quality of urban life,” said Mr Naidu.

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