Author
Manish Kumar Jha is an Associate Editor, BW BUSINESSWORLD & BW DEFENCE. He writes on the Foreign affairs, International Trade & Defence. His global coverage-on the ground- spans more than 25 countries worldwide. Received International Press Fellowship award.
Defence Budget increased from Rs 4,71,000 crores to Rs 4,78,000 crores. Pension bill reduced from Rs 1,33,000 crores to Rs 1,15,000 crores. Marginal increase in Capital budget at Rs 1,35,060 crores from Rs 1,13,000 last FY. Fiscal burden at 9.5 % is dampening impact on the overall budget including defence.
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India's frontier force, Indian Coast Guard is responsible for the surveillance of vast and vulnerable coastline over 7600Kms. And to cover the vast EEZ of 2.01 million sqKms and 4.6 Million SqKms of Indian Search and Rescue Regions which is more than the entire area of the land mass of the country, has stretched thin on ground both on assets and manpower. Director General, ICG, K. Natarajan puts forth his perspective with BW Businessworld's Manish Kumar Jha on such crucial issues of Coastal security and the role of ICG in averting a major ecological disaster by saving a massive Crude Carrier of 3 Lakh metric tons of crude oil off Sri Lanka Coast among others.
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BW Businessworld's Manish Kumar Jha interacts with EXIM bank's Managing Director, David Rasquinha on the range of issue that will be definitive to the growth of Indian Economy. It includes: Export, Policies, Global Trade and Investment, Lines of Credit and India's role in Africa as developmental partner among others. Read the conversation in its entirety below.
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Chief of Army Staff Gen MM Naravane said he was hopeful that through dialogue under the established mechanism, India and China will be able to reach an agreement to resolve the eastern Ladakh standoff. But he also emphatically maintained that such an agreement for disengagement and de-escalation must be based on an approach of mutual and equal security. Chief rebuked the recent report by a Think tank, citing insufficient sample base of findings among the world's largest 13 lakh strong Indian Army. He also refers to incorrect data in the report 'soldiers under pressure’.
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Saudi Arabia's G20 presidency leads the Kingdom into global policies and that came up at the time global crisis. Saudi Arabia is taking long overdue steps like abolishing 'kafala' and reforming labour laws. And, Israel is mentioned along Palestine Statehood. Saudi Arabia's Ambassador Dr. Saud bin Mohammed Al Sati opens up with BW Businessworld's Manish Kumar Jha on such issues that mark some of the historic changes in the Kingdom.
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The state has accounted for 53% of the total FDI investment received that of the entire country. The data released by DPIIT of April- September 2020 of FY 2020-21, Gujarat recorded highest FDI in the country of INR 1.19 lakh crore. Gujarat Principal Secretary Manoj Das highlighted the continuing efforts and conducive policies in Gujarat and its transformational model today.
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After passing the law that grants Australian lawmaker to scrap any agreement with foreign country, China has issued warning. The tensions began when Australian leaders, including Prime Minister Scott Morrison called for the investigation of the origin of Covid19 virus and its implications worldwide by China also aggrieved over Australia's participation in Malabar Exercise with the Quad.
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In our Foriegn Affairs series, we are focusing on Sri Lanka and country holds a key strategic location. And to talk about that, BW Businessworld’s Manish Kumar Jha speaks with the Foreign Secretary of Sri Lanka, Admiral Jayanath Colombage. Foreign Secretary holds enormous experience as a veteran of naval commander and this puts him firmly when looked at broadly from the security & defence. Since November last year, he has also been Foreign Affairs Advisor to President Gotabaya Rajapaksa. He speaks on ‘India First’ Policy; Indo Pacific & QUAD in the Indian Ocean Region; Security and Growth for All in the Region (SAGAR); Zero Loan policy of Sri Lanka; Hambantota port; East Container Terminal (ECT) Project at the Colombo Port; Indian Ocean maritime strategy and Tamil reconciliation.
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India-Bangladesh defence cooperation will boost India's 'neighborhood first' policy for the co-development in the region. Bangladesh is the third largest economy in South Asia and has a large fleet of 20,000 commercial vessels. Collaboration with Indian defence PSUs and OFs will create much needed regional defence industrial ecosystem.
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The MALABAR naval exercise is scheduled in two phases in November 2020. Phase 1 of the Exercise MALABAR 20 involving participation by Indian Navy (IN), United States Navy (USN), Japan Maritime Self Defence Force (JMSDF), and Royal Australian Navy (RAN) is set to commence off Visakhapatnam in Bay of Bengal from 03 to 06 November 2020.
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