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Economics - 3. page

VIEWS ON ARTICLE IN ECONOMIC TIMES OF MARCH 1, 2016

Air Cmde A K Venkateswaran (Retd) and Wg Cmr K S Chandrasekar (Retd) write: The OROP by itself has been known to be 7500cr of which the Govt will get back IT of at least 20% thus reducing the amount to only 6000cr. This 6000cr is just about 1.76% of the Defence outlay and not a “burgeoning” increase which the article makes it out to be.

US Taiwan Arms Deal

MH Rajesh writes: Finally after four years, and much dithering US has sold arms to Taiwan. This tranche of 1.3bn US$ includes two Oliver Hazard Perry class frigates of 1970s vintage, surface-to-air and antitank missiles, amphibious assault vehicles and CIWS.

TPP- Should India Join?

Sandeep Jain Writes:Trans Pacific Partnership (TPP) has recently caught the World’s attention. Though the mechanism is not new, its origins can be traced to a little-known four-party free trade agreement concluded in 2005 by New Zealand, Chile, Singapore and Brunei.