[Premium] India’s Act East Policy – Meaning, Objectives, Challenges & Opportunities

ASEAN

Several changes were made in the foreign policy of India in 2014 when the new government was formed. Act East Policy was one of them. Since its enactment, it has come a long way in improving India’s ties with various nations in East and Southeast Asia and Indo-Pacific. However, since its enforcement, circumstances have changed. China’s influence is challenged by various aspects like the trade war, regional tensions in China, an increase in protectionist policies, etc. India needs to make use of this situation to enhance the Act East Policy to its advantage to counter China and improve its economy through trade with East and Southeast Asian nations.

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[Updated] Indigenisation of Defence technology: A Big-picture Analysis

Defence

According to the latest data released by a global think-tank, Stockholm International Peace Research Institute (SIPRI), India has dropped to the 2nd ranking behind Saudi Arabia among the world’s largest arms importers after staying at the top for around a decade. India imports arms from countries like Russia, the US, Europe, and Israel.
India’s continuance at the very top in the global arms import rankings, be it first or second, once again highlights the sustained failure in building robust indigenous defence industries.

[Premium] Sixth Schedule of the Constitution – Should Ladakh be included in it?

Jammu and Kashmir / North East / Tribals / Union and its territory

The National Commission for Scheduled Tribe had written to the Union Home Minister and Union Minister of Tribal Affairs recommending the inclusion of Ladakh under the 6th Schedule of the Constitution of India. The Union Territory of Ladakh, being predominantly a tribal region, has its own unique culture and heritage which needs to be preserved by the government for the inclusive growth and development of the diverse Indian nation.

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Quantum Computing – Explained in Layman’s Terms

Artificial Intelligence / Internet / Latest techs

Fifty years ago, smartphones would have been the ultimate computing wizardry. Just as classical computers were almost unimaginable to previous generations, we’re now facing the birth of an entirely new type of computation, that is, quantum computing. The country which is able to control the future of quantum technology can become an “Information Superpower” and …

[Premium] Special Economic Zones (SEZ) in India: Advantages & Disadvantages

Business and Investment / Industries / Infrastructure

The parliament had passed Special Economic Zone Amendment Bill, 2019. This Amendment allowed “trusts and any entity” to set up units in the SEZ. It aims to boost investment and generate employment in a wide range of economic activities, including in the infrastructure sector. This Bill opens up the possibility for all types of trusts to operate from the SEZs – public charitable trusts, private trusts run by big and small corporate houses, business trusts like the real estate investment trusts and infrastructure investment trusts and port trusts run by the government. The SEZs are of importance to the Indian economy as they are the catalyst for its growth. However, in India, its full potential is not being utilized like that of China. This new step may boost the SEZs' potentials. However, necessary steps must be taken by the government to ensure that there is equal economic growth of the nation and not just in the SEZs.

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[Premium] India-China Ties: History, Current Situation & Mamallapuram Summit

China

The informal summit was held between India and China in October this year in the coastal town of Mamallapuram also known as Mahabalipuram in Tamil Nadu. This is the second of such summits held between the two nations. In recent times, the informal summits have increasingly become an important tool to ease the tensions between the two rival nations and enhance the diplomatic relationship to prevent any future conflicts for the peace and stability of the region.

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Nationalisation of Banks in India: What, Why, How, Pros & Cons

Banking

July 19 of this year marks the 50th anniversary of bank nationalisation. Nationalisation of banks is arguably the biggest structural reform introduced in the financial sector during the post-independence era of Indian history. The second volume of the official history of the Reserve Bank of India describes banks nationalisation as the single-most-important economic policy decision …