ARMS EXPORT CONTROL ACT
Poised along the Indian border, Chinese troops are there for the long haul
The Strategic Studies Institute of the US Army War College published an in-depth report examining PLA activity along the mountainous border in Aksai Chin opposite India in 2020-21. It considered how the PLA rapidly moved troops into the region as violence flared between Chinese and Indian troops in Galwan Valley on 15-16 June 2020. However, Blasko, a former US defence attache in Beijing and Hong Kong, also provided a useful assessment of current and future conditions along the Line of Actual Control (LAC).
Heat wave over! AC stocks face rain-test after rallying 76% in 6 months
AC stocks surge post heatwave, showing robust growth amidst cyclicality risks. Price hikes fuel expectations of strong growth momentum and secondary sales. Market growth relies on cooler penetration driven by purchasing power, not just rising temperatures.
US Supreme Court rejects federal ban on gun 'bump stocks'
The rule was imposed in 2019 by Trump's administration after the devices were used during a 2017 mass shooting that killed 58 people at a Las Vegas country music festival. The policy was defended in court by Democratic President Joe Biden's administration.
Rajnath Singh retains Defence Minister portfolio with major reforms on the horizon, here are some key issues that are expected to be addressed
Rajnath Singh will continue as India's Defense Minister, focusing on self-reliance in defense and boosting women's roles in the armed forces. Amidst tensions with China, India is increasing defense imports from the US. The Agnipath recruitment scheme, criticized for job security, is under review. Theater command unification aims to enhance joint operations, with progress made. Indigenous military production is a priority to reduce reliance on imports. Singh faces the immediate task of appointing a new Army Chief, influencing future military reforms.
Safeguarding India's border will remain topmost priority: Rajnath Singh
Defence Minister Rajnath Singh, retained in his role in the new government, reaffirmed India's commitment to safeguarding its borders and strengthening defence manufacturing and exports. Singh emphasized the priority of protecting India's integrity and sovereignty under the visionary leadership of Prime Minister Narendra Modi.
Judges reflect sense of continuity of values amid elections: CJI Chandrachud
Addressing the famous Oxford Union Society here on Tuesday on the topic of the humanising role adjudicators can play in society, the senior-most judge of India's apex court highlighted the role of technology in injecting greater transparency into the judicial system.
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Adopting global standard, infra, risk-based regulation to help India improve quality of goods for exports: GTRI
The GTRI also recommended support to SMEs, avoiding quality control orders becoming non-tariff barriers, regulatory impact assessment, developing globally acceptable standards and inking mutual recognition pacts with trading partners to strengthen India's quality systems.
Setting up shop for turbo policy
India's economic growth of 8.2% in 2023-24 surpasses historical hurdles, reflecting policy continuity's impact on performance.
Has India’s toy story started to falter?
After hitting a high of $177 million in the financial year 2022, India’s toy exports are seeing a fall. To add to the pain, imports are also rising.
Hindalco's US arm Novelis to list on NYSE in 2 weeks
Novelis IPO: Novelis on Tuesday launched a roadshow for its proposed initial public offering (IPO), where Indian parent Hindalco plans to sell 45 million shares, or a 7.5% stake, in the company at $18-21 per share.
China has threatened trade with some countries after feuds. They're calling 'the firm' for help
An eight-person team at the State Department, informally dubbed "the firm," leads U.S. efforts to help countries targeted by China's economic pressure. Originating from a 2021 conflict with China over Taiwan involving Lithuania, the group, led by senior adviser Melanie Hart, now aids over a dozen nations. They assess vulnerabilities and create responses for countries fearing loss of trade with China. The team's initiatives are part of a broader U.S. strategy to counteract China's global influence.
NSA Doval suggests jointness among central armed police forces
India's National Security Advisor Ajit Doval has said that the country's economic progress would have been faster if its borders had been more secure and defined. Doval highlighted that the country's power has grown immensely in the last decade, and that border guarding forces must remain on alert 24/7 to protect national interests and the country. He also highlighted the importance of borders as they define sovereignty.
Is China- Taiwan War imminent? Taipei scrambles fighter jets after being surrounded by Chinese ships. What will US do?
In a military exercise by China, Taiwan and some islands controlled by it have been surrounded raising the specter of war. However, conflict is unlikely in this situation.
How China rose to lead the world in cars and solar panels
Top leaders in the United States and Europe have started urging China to reduce its exports to the world and boost its imports.
Why are Indian spice companies facing global market heat, and what steps can regulators take to restore trust?
Global scrutiny on Indian spice industry post ethylene oxide contamination. Urgent need to enhance domestic market quality for export trust. Authorities and experts stress transparency and stringent measures for maintaining export integrity.
Aiming for integration, India's Tri-Service Act notification sets stage for theatre commands
The Indian government has enacted the Inter-Services Organisations (Command, Control and Discipline) Act, facilitating the creation of unified theatre commands, a major military reorganization. This move follows the BJP's manifesto promise to establish military theatre commands for more efficient operations. With the Act in force, military commanders will have administrative and disciplinary powers over personnel from all three services. The creation of integrated theatre commands aims to streamline planning, logistics, and operations, replacing the current 17 single-service commands.
Mehbooba Mufti opposed withdrawal of AFSPA from Jammu & Kashmir when I was CM: Omar Abdullah
Omar Abdullah accuses Mehbooba Mufti of opposing AFSPA removal in Jammu and Kashmir, while addressing the crisis within the National Conference over supporting candidates for the Ladakh Lok Sabha seat, leading to resignations and seat-sharing disagreements with the Congress.
US confident about meeting new deadline for UK, Australia AUKUS exemptions
A top U.S. arms control official expressed confidence on Tuesday that the country is likely to meet a new deadline to finalize trade exemptions for the AUKUS defense project with Australia and Britain. AUKUS, established in 2021 to address concerns about China's growing power, involves Australia acquiring nuclear-powered attack submarines and deepening defense cooperation. The sharing of technology under AUKUS is subject to strict U.S. International Trafficking in Arms Regulations (ITAR). Although a 120-day deadline to qualify Australia and Britain for exemptions passed without certification, the State Department expects to finalize the exemptions after an additional 120 days.
South Korea, Romania pledge defence cooperation amid reports of contract in works
South Korea and Romania have pledged to enhance defense industry cooperation, including joint production of weapons, as South Korea aims to become the world's fourth-largest arms exporter. South Korea's Hanwha Aerospace is reportedly in talks for a 1 trillion won ($725.7 million) deal to supply K9 howitzers to Romania, its first defense contract with the country. Meanwhile, Poland is set to sign a $1.6 billion contract for 70 Chunmoo rocket artillery units from Hanwha Aerospace, as part of its $22 billion arms purchase from South Korea.
Iran’s better, stealthier drones are remaking global warfare
Iran's drone technology is reshaping global conflicts, with drones based on Iranian designs being used in various countries, including Sudan, Syria, and Ukraine. These drones, like the Zagel-3 based on Iran's Ababil model, are becoming increasingly sophisticated and are used by militias and militaries worldwide. Iran's drone industry, fueled by sanctions and innovative methods to circumvent them, is a key element of its military strategy, allowing it to project power and influence far beyond its borders.
Timely intervention by govt improved Manipur's situation, says PM Modi
There has been a marked improvement in the situation in trouble-torn Manipur due to the timely intervention of the Centre and state government, the Prime Minister said in an interview to The Assam Tribune newspaper.
Ahead of polls, govt acts tough to keep a lid on sugar, wheat prices; penalises those selling more sugar than their quota
The Indian government has increased vigilance on agricultural commodity companies and traders to control food prices ahead of the general election. The government has penalised nearly 80 sugar firms for selling more than their quota, asked wheat companies to disclose their stock during the harvest season, and directed rice exporters to pay export duty even on freight charges to discourage exports.
Computer chip group SEMI to EU: new export controls should be 'last resort'
The warning comes after the European Commission in January presented a package of plans aimed at improving "economic security" and preventing unwanted technology transfers to rivals such as China.
Saab breaks ground for first 100% FDI in defence facility
Speaking after the groundbreaking ceremony, a senior Saab executive said that the new initiative is a completely Indian company and will be qualified to participate in 'Make in India' procurements of the armed forces in future. "Today is an important milestone for Sweden and India. Saab's factory will be the first foreign fully-owned defence production facility in India. It is a testament to the strong bilateral relationship between our countries," Hakan Jevrell, state secretary for foreign trade, Sweden, said.
China urges largest nuclear states to negotiate a 'no-first-use' treaty
Director general of the department, Sun Xiaobo, called on nuclear states to fulfil their "special and priority responsibilities" on nuclear disarmament according to the U.N. Conference on Disarmament, which seeks to prevent nuclear war, official news agency Xinhua said on Wednesday.
US-based Teradyne pulled $1 billion worth of manufacturing from China amid US export controls
Massachusetts-based Teradyne moved its production out after US rules issued in October 2022 restricted exports to semiconductor manufacturing facilities there as part of an effort to keep US technology from helping China's military.
Attacks of merchant vessels in Red Sea have tripled transportation cost, says CEO of Indian shipping firm
The Houthi rebels have claimed responsibility for attacks on merchant ships in the Red Sea. They state these actions are in retaliation for Israel's military operations in Gaza. The shipping industry faces increased costs due to re-routing vessels around the Cape of Good Hope instead of the Suez Canal. Insurance premiums for ships in the Red Sea have surged, impacting Indian exporters' competitiveness in global markets. The situation remains tense, with the Houthis vowing to continue targeting ships until Israeli operations in Gaza cease.
Japan prepares for missile shipments after easing arms export restrictions
The announcement comes as Japan, which had long adopted a stance of not allowing exports of deadly weapons, seeks to boost its defence industry amid an increasingly tense security environment in the Indo-Pacific.
Maharashtra to ban export of molasses in 2023-24 to ensure supplies for alcohol and ethanol
The Maharashtra government has decided to ban the export of molasses, a raw material used for manufacturing alcohol, in the upcoming sugarcane crushing season. This move is expected to impact the state's revenue as well as the production of ethanol, which is essential for the country's ethanol blending program.
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