Source: Shutterstock Courtesy: Shutterstock
10 June 2021

U.S. Defense Budget: Mixed signals for the Indo-Pacific

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On 28 May 2021, the Biden administration submitted a much-delayed Defense Budget to Congress, asking for $715 billion for 2022, a 1.6% increase over the previous year’s $703.7 billion. This marginal increase highlights the U.S.’s shrinking capacities compared with China, which spends less than a third of the U.S. on defence. This Budget is focussed on challenges in the U.S.’s geographic vicinity, not the administration’s resolve to counter the threat of China from a position of strength.

india needs a new space strategy Courtesy: ISRO
29 April 2021

India needs a new space strategy

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With the space sector being divided into astro-political blocs, India can't afford to stay non-aligned. A recent treaty between China and Russia makes it plain for India that leaving space exploration to a few science aficionados can be dangerous. India needs a national space exploration strategy with tangible economic and meta-strategic goals in sight.

india at the arctic council Courtesy: Arctic Council Flickr
22 April 2021

India at the Arctic Council

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India has had big successes during its first stint as an observer in the Arctic Council. Since then, the country has made substantial progress in its climate action pledges and developed comprehensive strategies to mitigate climate change. With its re-election, India can now offer much more to the global organisation's role in promoting environmental stability in the polar region.

India, IOR and blue economy Courtesy: Common Wealth
25 February 2021

India, IOR and the blue economy

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The Indian Ocean Region (IOR) presents a unique opportunity to develop a Blue Economy, with security, sustainability and business profitability as its three pillars. An IOR Defence Ministers' Conclave held on 4 February provided a platform to discuss regional cooperation, linking development with defence, and emphasized India's pivotal position within the IOR.

emergence of crypto-currencies Courtesy: Gateway House
11 February 2021

Emergence of crypto-currencies

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With the Cryptocurrency and Regulation of Official Digital Currency Bill 2021 set to be introduced during parliament’s on-going budget session, India is now ready to introduce its own official digital currency—following in the footsteps of China and Russia. So far, Indian regulations prohibited the public from trading in crypto-currencies. However, the investor community has an interest in them, as an asset that is not subject to government devaluation, unlike regular fiat currency in circulation. This infographic traces the evolution of crypto-currencies since the launch of Bitcoin in 2009.

resized final mint Courtesy: Shutterstock
4 February 2021

A space sector bull run

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The maturing private space sector in the U.S. has learned to raise money from the market in the form of sectoral equity-traded funds. Such financing mechanisms will keep the U.S. ahead in the global space economy, which is slated to grow manifold from $430 billion now to $4 trillion by 2040. India's fledgling private space ecosystem, financiers, and stock exchanges can learn from the U.S. and do the same for India's newly reformed private space sector.