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My Notes 18-sep-2017 18-09-2017
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Please follow My Notes and My Video 18-september-2017.

 

 

Narmada dam built despite attempts to stop it, Says Prime Minister

Narmada Dam is the second biggest concrete gravity dam by volume after the Garnd Coulee dam in the USA.

There were any challenges including environmental challenges for building the dam. Narmada Bachao Andolan protests have stopped world bank finding to the project.

 

India under US pressure to scale down ties with North Korea - USA officials have asked India to tone down relations with North Korea.

 

Manmohan Panel asked to help resolve Kashmir row - congress party’s J&K policy and planning panel is meeting with all stake holders to open channels of dialogue.

 

6 high courts don t have regular chief Justices

6 high courts in India do not have any chief justices and Chief Justices of 4 f the high courts are about to retire shortly. It clearly shows Human Resources crisis in Judiciary.

 

Reading the tea leaves

Remember these words

  1. Two guides of xi jingling
  2. Belt and road initiative
  3. Gwadar and Dijbouti
  4. Nine dash line
  5. Special strategic and global partnership
  6. 2+2 dialogue

Notes

Geo political centre of Gravity is shifting from Euro Atlantic to India pacific region. Asian economies account for more than 50% of global GDP.  China is claiming the leadership in this shift of power and expects other countries to make space for its rise. President Xi Jingping two guides policy clearly reflects this. As per this, china should guide the shaping of new world order and safeguarding international security. Belt and road initiative, building military bases across Indian Ocean, (Gwadar and Dijbouti) , creating new financial institutions like New development bank, AIIB are examples of this. America first policy  of president Trump has also made its allies in Asia pacific insecure. It gave more space for china to grow.

 

China - India relations are considered, Doklam stand off is a defining movement. China followed the established pattern, creating a physical presence, sharpened rhetoric and a coercive diplomacy. It has worked for it South China Sea to push 9 dash line. India’s tough stand did not make it happen at Doklam.

 

India Since 1988, India has followed a consistent China policy based on putting aside the boundary dispute and developing other aspects of the relationship in the expectation that this would create mutual trust and enable a boundary settlement.[1]  India has to review the policy as it appears not working.

In light of these developments a new strategic landscape is developing between India and Japan. Following developments explain this.

  1. Japan is a participant to Malabar exercises.
  2. Both the sides initiated a 2+2 dialogue involving foreign and defence ministers in 2010.
  3. Relationship now has become a special strategic and global partnership. Recently launched Asia Pacific growth corridor to build connectivity with India and Japan as partners is an example of this.
  4. India is acquiring Maritime surveillance ShinMaywa US - 2i from Japan.
  5. Trilateral dialogue between India USA and Japan is elevated to ministerial level.

 

On the other side, economic and Trade relations are not reflecting this change. Any strategic partnership needs stronger economic ties.

 

Irrationalism in city planning

City planning for amaravathi - new upcoming capital of Andhra Pradesh lacks transparency, professionalism and accountability.

 

Time for caution

Work on these terms

  1. Portfolio investments
  2. Capital account
  3. Current account
  4. FDI
  5. External debt of India
  6. Depreciation of rupee

 

India’s current account deficit is rising. It is been compensated by the capital account surplus. Majority of the growth on capital account is on portfolio investment. Capital can fly, if interest rates are raised by USA fed. As of now, external debt is in favorable position. But, prolonged period of unfavorable trade balance with volatile international capital flows can be a threat to BoP situation.

 

Principle of Subsidiarity

states that social problems need to be addressed by the smallest local institutions which can tackle them better than centralised  political bodies.

The term has been attributed to French political scientist Alexis de Tocqueville, who spoke of its significance in Democracy in America.

 

 

 

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