Analysis: India’s military reformation may be too little too late

clip_image001

REUTERS/B Mathur

Buglers from the Indian Army, Navy and Air Force arrive to pay their respects at the Mahatma Gandhi memorial on Gandhi’s death anniversary at Rajghat in New Delhi January 30, 2012

By Frank Jack Daniel

NEW DELHI — India’s 1.3 million-strong armed forces, hobbled by outdated equipment and slow decision-making, are undergoing an overhaul as defence priorities shift to China from traditional rival Pakistan.

And like a refit of the imposing but dilapidated defense ministry on Delhi’s grand South Block, it’s a plodding process.

Defense chiefs are hurrying to modernize ageing weaponry as China reinforces a 3,500-km shared but disputed border through the Himalayas.

Continue reading

India faces terrorist financing risk: IMF

Financial Action Task Force on Money Laundering

Image via Wikipedia

India, which has witnessed numerous terror attacks and still remains a potential target for such strikes, faces significant money laundering and terrorist financing risk, the IMF has warned. The International Monetary Fund in its report “India: Observance of Standards and Codes FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism” however appreciate the steps taken by New Delhi to counter money laundering and terrorist financing. Continue reading