At the Munich Security Conference on February 18, Wang Yi (Member of the Political Bureau of the CPC Central Committee and Director of the Office of the Central Commission for Foreign Affairs) emphasized that “Human Society must not repeat the old path of antagonism and must not fall into the trap of Zero-sum game, war and conflict”. Therein he announced that the Chinese side would propose its position on the political settlement of the Ukraine crisis. On February 24, the Chinese Foreign Ministry released its 12-point peace plan.
The Union Budget 2023-24 is expected to be a barometer for the Central Government’s policy commitments toward the conservation of the environment and sustainable development. The public policy challenge for the government is how to strike a balance between economic growth and sustainable development, which are at variance due to the onslaught of climate change and its increasing economic costs. On the one hand, the government wants to achieve a $ 5 trillion economy by 2025 and $26 trillion by 2047; on the other, it has set a target of net-zero emissions by 2070. A balanced Budget that intertwines economic growth with inclusive and sustainable development for restoring the ecosystems is needed.
Prime Minister stated “Mission Karmayogi is a new experiment of its kind in the direction of capacity building. Through this mission, government employees have to modernize their thinking, and approach and improve their skill set. It is to allow them to become a Karmayogi…”Moreover, Cabinet Secretary Rajiv Gauba launched the Approach paper on Annual Capacity Building Plans for Central Ministries and Departments under “Mission Karmayogi”
The government issued an order requiring all businesses to market their goods under the brand name "Bharat" in order to standardize fertilizer brands across the nation. Under this scheme, all fertilizer companies will be manufacturing fertilizers under one brand name which will ensure uniformity and reduce confusion among farmers. The budget for fertilizer subsidies has been increased to 25% as compared to last year. This scheme will also ensure cost-effectiveness.
n December 2022, the World Bank revised upwards its GDP growth forecast for India to 6.9 percent for 2022-23, underlining the fact that the Indian economy was showing higher resilience to global shocks. This economic trajectory of India also gives India a distinct place in global politics today. There is a reason why the West, despite its differences with India over Ukraine, has continued to substantively engage with New Delhi.
This economic trajectory of India also gives India a distinct place in global politics today. There is a reason why the West, despite its differences with India over Ukraine, has continued to substantively engage with New Delhi. In fact, India's ties with the West have grown significantly amidst all the negative press India has received in the West. Where journalists remain prisoners of their short-term outlooks, policy-makers in the West recognize the real story -- the rise of India as a credible geopolitical and geo-economic player in the 21st century.
