Prof (Dr) SN Misra

Introduction The Repo rate is the rate at which banks can avail of short-term loans from the RBI, the lender of the last resort in...

Introduction Three economists have straddled the policy space globally, as no one else. Adam Smith, with his invisible hand and free market promoted welfare of...

Capitalism and its essential bedrock free market are generating a divided society. Many people lead anxious lives. The social bases of these anxieties are geographic,...

Introduction Epictetus, the philosopher wrote, we can not choose our external circumstances but we can always choose how we respond to them. It is the...

Introduction One of the paradoxes of India’s growth story, after economic liberalization was introduced in 1991, has been jobless growth. At its peak during the...

Introduction Economic liberalization came in the defence manufacturing sector in 2001, 10 years after India decided to be a free market economy. The policy mosaic...

On 25th November PM Modi took a sortie over Bangalore in an Indian-designed Tejas aircraft. This embodies his push for India to make more of...

Economic liberalization in the defense production sector came in 2001 by allowing full private sector participation and FDI up to 26%. The GOM recommendation after...

Introduction The Indian Constitution is the lengthiest of all written Constitutions of the world. Most of provisions are borrowed from various sources; fundamental rights from...

‘The torment of precaution often exceeds the dangers to be avoided’, said Napoleon Bonaparte in 1823. He did not have the semi-conductor supply chains in...

The agreement signed between US President Biden and Indian PM Modi on 22nd June 2023, marks a new beginning in the defense partnership between the...

Trade is an engine of growth and has been a major factor in impacting GDP handsomely, in both developed and developing economies since the 1970s....

The Indian economy has been an outlier in terms of growth, clocking a 7.1% increase in GDP during 2022-23, and is expected to achieve 6.5%...

Professor Raghuram Rajan, has stirred a hornet’s nest by attacking the grandiose PLI scheme which aims at making manufacturing in India globally competitive; calling it...

India has the dubious reputation of being the largest importer of conventional arms (SIPRI Yearbook). Dr. APJ Abdul Kalam, heading a committee to suggest improving...

Mr. Suba Rao, previously RBI Governor, has stirred a hornet’s nest by calling the IAS’ elitist, self-serving, perpetuating a set of bureaucrats who are out...

Economic liberalization came to defence manufacturing in 2001, a decade after liberalization in other sectors, which then permitted full partnership of private sector and equity...

Introduction Atmanirbhar Bharat has been touted as an umbrella concept (2014) for promoting efficiency, competition and resilience in the Indian industry, providing level playing field...

Corporatisation was listed as one of the 167 transformational ideas to be implemented in the first 100 days of NDA manifesto (2019). The delay in...

Introduction The Union Budget 2021-22 has come in the backdrop of severe economic crisis, induced by a global Covid-19 pandemic. The Indian economy, whose growth...

I had the privilege of working with four Defence Ministers,beginning with Sri Mulayam Singh Yadav (1996-98), Sri George Fernandes (1998-2004), Dr. Pranab Mukherjee (2004-06) and...

As a part of PM’s grand initiative to combat COVID and looming economic crisis, the FM has been unveiling a slew of major initiative to...

The aerospace industry accounts for nearly 40 percent of global military expenditure which stood at $1,822 billion last year (Sipri 2018). The US is a...

Defence is a strategic component of Sovereign India and the Services have the onerous responsibility to discharge this ‘integrity’ mandate. The expenditure, that the country...

The General Budget for 2019-20 can be pigeonholed as a ‘wish list’ for infrastructure to propel India to a $5 trillion economy by 2024. The...

Like Mr. Modi’s googly in the general election, the shifting of Rajnath Singh to the South Block is nothing short of a Chinaman. And the...

There is a consensus that the NDA government (2014-2019) has followed broadly the same path of economic liberalisation as the UPA government during (2004-2014). To...

The Army has been looking for a modern assault rifle to replace the INSAS which was inducted in 1994. The army has been generally dissatisfied...

The C&AG report tabled on the Parliament is being considered as a victory by the NDA government and by the opposition too. The ruling party...

George Mathew Fernandes was an ace trade unionist, free thinker and a minister, who held portfolios like communication, industry, railways and defence. He organized an...

Defence is the first charge of a nation’s budget, as it protects a nation’s sovereignty. Sardar Baldev Singh was India’s first Defence Minister. There have...

In delivering the judgement yesterday on the Rafael deal, the Supreme Court has decided not to stir muddy political waters further, but has given benefit...

The ongoing case on a petition filed by Mr. Yashwant Sinha, Arun Shourie and Prashant Bhushan centres around the major question as to why a...

The Indo-Soviet treaty in 1971 marked a first decisive break with the policy non-alignment which was espoused by Jawaharlal Nehru. The bitter experience of Indo-Chinese...

The Ministry of Defence is sui generis amongst all Ministries, as it has to provide the policy architecture to protect territorial integrity and sovereignty of...

India has the dubious reputation of being the biggest global importer of conventional weapons (SIPRI: 2017). Improving our self reliance index from 30% to 70%...

The recently concluded DefExpo witnessed two major announcements viz. to increase the order on Rafale for 36 more Medium Multi Role Combat Aircraft (MMRCA), and...

Indo-Israel defence relations have followed a very constructive path over the years, with the joint design development and production initiative of MRSAM missiles between the...

With the NDA coming to power, there has been a renewed effort to energise defence manufacturing. The NDA government has increased the FDI limit to...

There was considerable disappointment in the last year’s budget speech of Finance Minister, as there was no mention of the defence outlay. Arun Jaitley has...

There is a swirling discomfiture that the ‘Make-in-India’ initiative, a signature tune of the NDA government, involving a large number of defence projects valued at...

The offset policy is an important policy statement for the conservative defence manufacturing sector. It has to embrace design, development and manufacturing in its scope...

The feisty Defence Minister Ms Nirmala Sitaraman faced a volley of questions of late about the Rafale fighter deal for 36 aircraft concluded on April...

William Wordsworth wrote: “Bliss was that dawn to be alive, But to be young, was very Heaven”. Arjan Singh, was blessed to be born in...

Mr. Narendra Modi has removed the glass ceiling for women, by appointing Nirmala Sitharaman, as the full time Cabinet Minister for the Defence. This would...

There is a definitive buzz amongst the private sector defence players in India that the Modi Government is now keen to rev up private sector...

In 1996, a Parliamentary Standing Committee on defence had advised the government to earmark at least ten per cent of defence allocation to Research and...

The Kargil Conflict had fortuitously brought to the centre-stage the need for an integrated approach towards intelligence gathering and joint operations. The 26//11 Mumbai attack...

HAL must not rest on its laurels and must take up this challenge in the right spirit. The government’s decision to go with an old...

There is a distinctive buzz about Prime Minister Modi’s new campaign for “Make in India”. The thrust is to increase share of manufacturing from the...