Had the honour of moderating a knowledgeable panel on the Ukraine Crisis and Lessons for India during the CASA webinar on 13 Mar22. The panel was very good and the Q&A session was interesting.
As per reports the government is set to finalise the ‘Agnipath’ nee ‘Tour of Duty’ recruitment scheme, under which youth can enlist in the Army for three /five years and be known as ‘Agnivirs’. It is being envisaged that 25% of them would serve for three years and 25% for five years, the remaining 50% would serve for the full term till they reach the retirement age. This major reform is expected to significantly reduce the age profile of the Armed forces. This reform will also result in significant reduction of pensions. It will curb the ballooning salary and pension bills that are adversely impacting military modernization. Under this arrangement, after completing 3 or 5 years of service, the Army will help the soldier/officer to be recruited in other services. The soldiers would be given a pay-out along with priority in recruitment to certain government jobs, including the central armed police forces. An effort is also on to nudge corporate India into hiring such ...
Does Russia depend on imports for any non-luxury/essential items ? If not, the sanctions will not have the kind of impact that Mr.Pant thinks it will. In any case, it's better for the world to adopt some thing like bitcoin, which is not beholden to any country, as the global reserve currency. This will remove all incentives to provoke war to preserve reserve currency status and remove the means of financial coercion by any one party.
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