GEOPOLITICAL STRESS
Uniqueness of India's nuclear trajectory premised on principle of 'no first use & massive retaliation': CDS Chauhan
Chief of Defence Staff Gen Anil Chauhan emphasizes adapting to new doctrines in the evolving geopolitical landscape for modern warfare challenges.
Chief of Air Staff urges prioritisation of modernisation for India's armed forces
Chief of Air Staff Air Chief Marshal VR Chaudhari emphasized the critical need for India to invest in modernizing its armed forces amid evolving security challenges during the Capstone Seminar organized by the Indian Air Force, the College of Air Warfare, and the Centre for Air Power Studies. He highlighted India's strategic culture, the importance of strategic partnerships, boosting indigenous defense production, and adopting a comprehensive approach to security in facing multifaceted challenges.
US trying to build Asia-Pacific version of NATO: Chinese defence official
A Chinese defense official criticizes the US' attempt to build an Asia-Pacific version of NATO through its Indo-Pacific strategy, calling it doomed to fail due to selfish geopolitical interests.
Defence industry world over facing capacity crunch, India must step up to fulfil needs: Defence Secretary
Defence Secretary Giridhar Aramane highlighted the global demand for defence utilities amidst geopolitical conflicts, urging Indian shipbuilders to enhance capacity. He mentioned government initiatives and targets for indigenous defence manufacturing and exports, emphasizing the potential for growth and the importance of research and development.
ETMarkets Fund Manager Talk: LIC MF’s Sumit Bhatnagar shares 3 investing themes for next decade
Sumit Bhatnagar says: "Power, defense and capex are structural themes that are expected to play out over the next decade. While the space has seen significant re-rating and a significant portion of returns are priced in, I believe these themes still appear attractive from a medium to long term perspective."
Xi Jinping among pigeons
Fissures have appeared in the ‘coalition of democracies’ to counter China. Beijing has used this opportunity to try and play itself back in Europe. Xi Jinping is currently on his first trip to Europe in five years, visiting France, Serbia and Hungary. He hopes to navigate the most difficult obstruction - the EU itself - in these conversations
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The US and China talk past each other on most issues, but at least they're still talking
US Secretary of State Antony Blinken visited China to promote cross-cultural exchanges and understanding, highlighting the importance of maintaining open communication channels to manage differences and avoid misunderstandings. He emphasized the importance of US-China exchanges at all levels, including attending basketball games and visiting with American and Chinese students. Blinken spoke repeatedly of improvements in ties over the past year, but also stressed growing concerns with China's policies and practices.
India stresses peace and cooperation at SCO Defence Ministers' meeting in Kazakhstan
During the gathering, a significant protocol was signed, underscoring the collective commitment of all SCO members towards fostering peace and cooperation in the region. The meeting culminated in a Joint Communique, highlighting key agreements and initiatives, notably the embrace of the ethos of 'One Earth, One Family, One Future', drawing inspiration from the timeless Indian philosophy of 'Vasudhaiva Kutumbakam'.
India to remain global growth driver in foreseeable future: IMF executive director
Krishnamurthy V Subramaniam, Executive Director of the IMF, predicts India will remain a key driver of global growth, citing consistent 7%+ growth post-COVID. He forecasts 8% growth in Q4, considering the global economic situation. The IMF revised India's 2024 growth projection to 7.8%. Subramaniam highlights India's digital infrastructure as a model for the Global South, emphasizing its role as a public good. He dismisses critics of India's GDP growth, citing statistical experts' trust in the numbers. Subramaniam also addresses Thomas Piketty's report on income inequality, presenting contrasting data.
Building a win-win India-Australia Defence Partnership
Australia and India are strengthening their strategic partnership to enhance regional security and prosperity in the Indo-Pacific. Their collaboration aims to ensure maritime security, freedom of navigation, and counter assertive behavior in the region. Key areas of cooperation include defense research, technology sharing, and joint maritime exercises. Both nations recognize the importance of their partnership in addressing regional challenges and fostering global good, particularly in containing China's maritime expansion.
India supports comprehensive reform of UNSC across all five clusters...: Ruchira Kamboj
India's Permanent Ambassador to the United Nations, Ruchira Kamboj, expressed India's support for a comprehensive reform of the UN Security Council, including an expansion in both the permanent and non-permanent categories. Kamboj emphasized the need for equity and inclusion in decision-making and rectifying historical disparities.
'India poised to see strengthening of its economic & geopolitical role in the coming decades'
A panel of global economists, including Nobel laureate Michael Spence, discussed India's potential for economic and geopolitical prominence in the coming years at Bennett University. Spence praised India's digital economy and predicted it would drive the country's growth and global influence.
3 risks that could derail market rally on D-St post Interim Budget
There will always be risks in the market. At high valuations, risks are higher. The biggest risk is that valuations are lofty. It is important to keep in mind the fact that India is now the most expensive market in the world. At 21,000 Nifty the market is trading at around 21 times FY 24 estimated earnings and around 19 times FY25 estimated earnings. It can be argued that high valuations partly reflect the confidence of investors in the India Growth Story.
Gurus take up business 101: C-suite executives seek guidance on how to balance, inspire
A push from boards, nomination and remuneration committees (NRCs), and investors - amid an all-time high corner room churn - is also spurring demand for C-suite executives' coaching, according to experts.
Gold requires geopolitical triggers to remain afloat
As the US carried out its fifth airstrike against Houthi targets in Yemen on Thursday, the Iran-backed rebel group quickly launched two anti-ship ballistic missiles at a US-owned chemical tanker, though no injuries or damages were reported.
RBI flags contagion risk, says stress in NBFC sector assessed to be higher than in March 2023
The Reserve Bank of India (RBI) stated in its Financial Stability Report that while macro stress tests show banks would comply with minimum capital requirements under severe stress scenarios, the non-banking financial company (NBFC) sector faces higher stress relative to March 2023. The RBI emphasized proceeding with caution on the evolving outlook and risks.
Three things will work for India in 2024 in an era of heightened geopolitical instability
Negotiating India's rise through this uncertain world will take a lot out of our policymakers. It's not only maintaining that strategic autonomy, which helps India cherry-pick its partners and allies, is getting harder to do. It is deeper - maintaining that policy wiggle room, exploiting short-term opportunities or even taking hits on the chin. As foreign minister S Jaishankar observed, 'A large part of our geopolitical calculations rests on which nations are likely to be reliable partners during times of stress.' There aren't that many walking around this year.
Indian diplomacy successful in forging relationships with competing powers, says EAM Jaishankar
Highlighting the positive impact of overall national development since 2014 that has addressed the shortcomings in the security domain, Jaishankar said,"Strenous efforts have been made, especially in the last decade, to correct the shortcomings of the previous ones. The overall development of our national strengths that we have seen since 2014 has clearly had positive repercussions in the security field, whether it is internal, external or at the border."
All eyes on outcome of COP28 amid climate, geopolitical challenges
Further, the impact of the two ongoing wars - in Ukraine and Gaza - on energy security and prices, coupled with the pandemic-related economic setbacks, have made the transition to a low-carbon economy ever more challenging. In this backdrop, the decisions taken in Dubai will have far-reaching consequences.
Russia's Bold Geopolitical Pivot: Embracing the Global South, forging new alliances, and navigating economic resilience
Prof. Alexander Dynkin, at Moscow's Primakov Readings, champions Russia's pivot towards the Global South and Asia, challenging Euro-centric models. Stressing Russia-India ties, he highlights shared cultural roots and mutual support, forecasting a robust partnership. Assessing Russia-China relations, he dismisses a military alliance but acknowledges strengthened bonds. Dynkin predicts Russia's steady economic growth amidst global trends, emphasizing adaptation and self-sufficiency, forecasting a 3% GDP rise in 2023-2024.
Armed forces must operate in environment rapidly reshaped by turn of geopolitical events, tech advancements: CDS Anil Chauhan
Chauhan said the Indian armed forces will have to operate in an environment that is rapidly reshaped by the turn of geopolitical events and advancements in technologies.
China's influence in Central America advances at a gallop
China's strategic efforts have led to diplomatic relations with Panama, El Salvador, Nicaragua, and Honduras. Central American nations, despite trade imbalances, represent a crucial market for Chinese tech exporters. As China invests in infrastructure projects, including stadiums and a 5G technology plan, concerns arise about potential "debt traps" and a shift in the region's geopolitical dynamics.
Piyush Goyal stresses on need to ensure open supply chains
"With respect to the Global South, the first need is to identify global value chains, where each of the countries could focus on not only increasing their participation but also improving the quality of their participation by moving up the value chain," Goyal said at the second Voice of Global South Summit. He said this will help them to partake in the largest share of high value-added parts of the GVCs.
UN apparatus, especially Security Council, is crumbling under weight of 21st century geopolitical realities: India
India has consistently advocated the view that the General Assembly can be revitalised only when its position as the chief deliberative, policy-making and representative organ of the United Nations is respected both in letter and in spirit, Counsellor in India's Permanent Mission to the UN Pratik Mathur said.
ETMarkets Smart Talk: Israel-Hamas conflict could result in long term inflationary headwind: Naveen Kulkarni
"Geopolitical events have long-term consequences for equity markets, but they are difficult to quantify. These challenges often result in higher inflation, particularly in the form of higher crude oil prices. The crude oil price vector will be critical to assessing the long-term impact. Geopolitical concerns may put pressure on commodity prices, but a strong up-move is unlikely. SIP flows remain strong, and as long as investors focus on their risk tolerance, selecting mutual fund schemes should not be a challenge."
ETMarkets Smart Talk: Valuations matter! There are 28 IPOs expected in Q2 and Q3: Sreeram Ramdas
"The opportunity in the IPO segment depends on market sentiments and the number of IPOs. The recent correction in the Indian market was anticipated and is considered a healthy one. The rise in the Dollar index and US Bond Yields is impacting equity markets globally. The RBI is expected to keep rates stable for the next six months. Despite the overvalued market, there are attractive opportunities in specific companies and sectors."
National security strategy must evolve in line with changes in geopolitical order: CDS Gen Chauhan
Chief of Defence Staff General Anil Chauhan has emphasised the need for India to reform and transform its defence strategy in order to meet evolving geopolitical challenges while exploiting opportunities. Speaking at the DRDO Directors' Conclave, he stressed the importance of jointness, integration, and "theaterisation," which he called "one of the most ambitious changes with far-reaching implications attempted post-Independence."
Chinese pressurizes tiny Pacific state to snap ties with Taiwan
The Pacific island state of Palau has confirmed that it is under pressure from China to switch diplomatic ties from Taiwan to China. Palau has refused to give up its diplomatic relationship with Taiwan, and President Surangel Whipps Jr. says that the country needs US help to deter China's "unwanted activities" in surrounding waters. Palau is increasingly dependent on China for tourism and money, and Beijing is working to build influence before the nation's next elections. The Palauan President is lobbying for direct investment from countries other than China to counter the pressure.
India poised to sustain growth momentum, but no time to rest on laurels: Fin Min report
The comments from India's finance ministry came in an annual economic report that flagged risks in FY2024 stemming from geopolitical issues and the impact of the El Nino weather phenomenon. India's rural demand is on the path to recovery, the report said. On what is working for India’s economy, the ministry said that it sees strength in the country’s domestic demand.
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