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Roving Periscope: Amid multiple challenges and lower GDP growth, China hikes defense budget

Virendra Pandit   New Delhi: With US President Joe Biden and many other American leaders, cutting across party lines, warning against China’s increasing hegemony and belligerence, Beijing has increased its defense budget for 2023 by 7.2 percent despite its lowest economic growth in 25 years in a post-Covid recovery year. According to the media reports, […]

CPEC: To protect USD 62 bn investment, China throws a USD 1.3 billion lifeline at drowning Pakistan

Virendra Pandit   New Delhi: Amid apprehensions that the Afghan Taliban-supported Tehreeke-e-Taliban Pakistan (TTK) and the Baluch terrorists could target the China-Pakistan Economic Corridor (CPEC) infrastructure projects and Gwadar Port, Beijing on Saturday approved a USD 1.3 billion loan for cash-strapped Islamabad to wean it away from declaring a Sri Lanka-type default in the coming […]

G-20 FMM: Global governance has failed to prevent wars; common interests ignored, says PM Modi

Virendra Pandit    New Delhi: Prime Minister Narendra Modi on Thursday said multilateralism is in crisis today and the failure of the global architecture of governance is affecting developing countries the most. Inaugurating the first foreign ministers’ meeting (FMM) of G-20 nations here in 2023, he said “The architecture of global governance created after the […]
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