The 1643 km long India-Myanmar border is going to be fenced. Home Minister Amit Shah has announced.
The 1643 km long India-Myanmar border is going to be fenced. Home Minister Amit Shah has announced this. This is being considered a big step in the security of the country, the way people were continuing to enter illegally from Myanmar, this decision can change the situation on the ground. Home Minister Amit Shah himself has given detailed information about this decision on X.
Home Minister Amit Shah has written that the Modi government is fully committed to creating secure borders. In this context, it has been decided that the 1643 km long border of India-Myanmar will be fenced. Apart from this, a separate track will be made for patrolling. 10 kilometer long fencing has also been completed from Moreh in Manipur. Apart from this, work is being done on two other pilot projects of fencing by Hybrid Surveillance System (HSS). From their side also a one kilometer stretch will be built in Arunachal Pradesh and Manipur.
Now there are many reasons behind taking this decision. Human trafficking, drug trade, illegal migration are some of the issues that have posed a big challenge to the Indian government in the last few years. For this reason, the government's intention was already clear to crack down on all these businesses by fencing them. But experts seem to have divided opinions on this issue. A few days ago, former Army General MM Naravane had emphasized in an article that fencing is not a very suitable option.
He believed that even from the budget point of view, it is very expensive and there is less clarity about how much security it will increase. He believed that the advantage of fencing is that every place can be monitored and it can be immediately known if there is any mistake. If this does not happen then fencing will be of no use. The retired general also stressed that it is very important to talk to everyone, it is important to listen to every section before taking such decisions.
According to him, the government of Nagaland and many people of Manipur are not ready for this type of fencing. There are many families whose relatives also live in Myanmar. In such a situation, if fencing is done, it may or may not affect security, but diplomatic relations definitely become tense. They also believe that India does not face any threat of terrorism from Myanmar like there is from across the LoC with Pakistan
A landslide in the Philippines buries 20 people inside two buses
Rescue workers searched on Wednesday for 20 people trapped inside two buses buried by landslides caused by rain in a mountainous area in the southern Philippines, an official said.
At least 28 people were on board two buses outside a gold mine in Davao de Oro province, on the island of Mindanao, when the landslide occurred Tuesday evening, but eight managed to escape, said regional disaster management official Edward Makabili.
11 villagers were also injured, and Makabele said that 2 of them were seriously injured and were airlifted to a hospital in Davao City to receive treatment.
“There is no sign of a landslide because the rains stopped on Thursday and by Friday it was already sunny and hot,” Makabele added.
Rain has fallen on parts of Mindanao intermittently for weeks, forcing tens of thousands to take refuge in emergency shelters.
The National Disaster Response Agency said in its latest update that at least 18 people died due to landslides and floods in the area last week.
Can Xi Jinping's "personal command" reverse the economic decline?
China's stock market rebounded on Tuesday after the government launched a number of stimulus policies and the "national team" stepped in to rescue the market. There is news that Xi Jinping, the leader of the Communist Party of China, will once again "personally command" to stabilize stock prices and investor confidence.
The unhealthy finance of China's small and micro enterprises affects the employment of 180 million people
Despite Beijing's recent economic stimulus policies, the value of China's stock market has continued to plummet to multi-year lows. Bloomberg in the United States quoted sources on Tuesday and disclosed that in the face of economic decline, Chinese President Xi Jinping will once again "personally direct" the stabilization of the stock market to show that the authorities are still in control of the situation and to try to restore investor confidence. However, Bloomberg pointed out that Xi Jinping’s “personal command” actions showed that China’s economic difficulties are quite serious. This is why, after Beijing has taken almost all measures to boost the economy, including trade restrictions, reserve requirement ratio cuts, monetary easing, fiscal stimulus, interest rate cuts, and restrictions on short selling, the stock market of the so-called second largest economy in the world is still missing. improvement.
Regarding China's economic prospects, ESWAR PRASAD, a professor at Cornell University in the United States and former head of the China Program of the International Monetary Fund, clearly pointed out in an interview with Nikkei Asia that the People's Bank of China has recently lowered the reserve ratio. It shows the authorities' concerns about slowing economic growth and the plummeting stock market. However, if companies and investors continue to be bearish on the Chinese economy, the effect of the RRR cut will be quite limited. He believes that, in general, the Chinese government currently lacks a reform framework to boost the confidence of private enterprises, and combined with many unfavorable factors such as China's poor demographic structure, sluggish real estate market, and the relocation of foreign capital, the outside world has doubts about China's gross domestic product (GDP). ) will one day surpass the United States' expectations are becoming increasingly dim.
Scholar: China’s policy mistakes in 2008 led to high debt levels today
On Tuesday, the Peterson Institute for International Economics, a think tank in Washington, USA, also held a seminar on the structural economic difficulties currently faced by China. The participating scholars focused on whether Beijing can successfully overcome this economic difficulty. .
At the meeting, Meg Rithmire, associate professor of the Department of Business Administration at Harvard Business School, pointed out that the Chinese government’s current severe debt crisis is largely due to the wrong economic policies implemented by the authorities after the 2008 financial crisis. Stimulus policy: “At that time, Beijing over-invested in infrastructure and real estate, and local governments also over-invested in infrastructure and public finance. As a result, in 2010, China’s related investment accounted for 45% of the country’s GDP, and some provinces even exceeded 50%, such as Chongqing. No country in the world has ever seen such high data."
Ren Meige said: "Such a policy will naturally lead to high government debt, because these investments are not driven by capital but are directed by the government, and the government requires banks to provide loans. This is the fundamental reason why the Chinese government has accumulated high debts in recent years. .”
Meg Rithmire, associate professor of the Department of Business Administration at Harvard Business School, said at the meeting that the Chinese government’s current serious debt crisis is largely due to the wrong policies implemented by the authorities after the 2008 financial crisis. economic stimulus policies. (Video screenshot/Official website of Peterson Institute for International Economics)
Meg Rithmire, associate professor of the Department of Business Administration at Harvard Business School, said at the meeting that the Chinese government’s current serious debt crisis is largely due to the wrong policies implemented by the authorities after the 2008 financial crisis. economic stimulus policies. (Video screenshot/Official website of Peterson Institute for International Economics)
Scholar: Beijing’s strong control may make it difficult to overcome economic difficulties
Faced with the risk of a systemic financial crisis, Ren Meige analyzed that the Chinese authorities are convinced that the market and the existing regulatory system are no longer able to correct the problems faced by the economy on their own. Therefore, China’s top leaders will once again intervene to dominate finance. China’s The economy will once again become totalitarian and centralized. However, Ren Meige believes that the strong intervention of Chinese leaders may not be able to turn the current economic situation around.
Meige Ren said: "The question is, is there a way for China to launch modern financial institutions to accurately allocate capital, but at the same time retain a closed political system? I think there is no way. ... China now hopes to stimulate economic growth through innovation and consumption. , which makes China need a complete and modern financial system. This system requires trust, accountability, transparency and the implementation of rules, but China is unwilling to do so. So it is ironic when the Communist Party attempts to tighten more power to control the people When it comes to businesses and financial institutions, it causes investors to lose even more trust."
Yeling Tan, professor of public policy at the University of Oxford and non-resident senior fellow at the Peterson Institute for International Economics, said at the meeting that the Chinese government’s current economic adjustment policies have not solved the fundamental problem: “These economic reforms have not solved the problem. The root cause of corruption and economic recession is not touched on because China's reforms are official reforms, but the real problem lies at the unofficial level of governance. Especially in terms of human governance, if the operations of government units are deeply restricted by the influence of department leaders , these leaders will tend to be responsible to the Communist Party rather than to the government departments where they work."