Cavalier India Defence Training Academy

At 2+2 meeting next week, the two countries will look to push intelligence sharing pact BECA . With key deals LEMOA and COMCASA already signed, what does it mean for defence, particularly in light of LAC standoff? India and US have signed the LEMOA in 2016, COMCASA in 2018 and BECA is scheduled for the third 2+2 ministerial meeting (on November 3rd) India and the US are preparing for the third 2+2 ministerial meeting between External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh , and US Secretary of State Michael Pompeo and Defense Secretary Mark T Esper in New Delhi on October 26-27. Deputy Secretary of State Stephen E Biegun visited India last week to lay the groundwork for the high-level visits 2+2 in 2018. One of the items on the agenda will be the Basic Exchange and Cooperation Agreement (BECA) — a pact with deep military implications. In the last two meetings, agreements known as LEMOA and COMCASA were signed; now, with BECA, these have been dubbed the ...

Finance Minister Nirmala Sitharaman speaks in the Rajya Sabha during the ongoing Monsoon Session of Parliament in New Delhi. (Image | The Hindu) It protects defaulting companies from insolvency proceedings for at least six months Context:      Both the houses of Parliament passed the Insolvency and Bankruptcy Code (Second Amendment) Bill, which provides that insolvency proceedings against defaulting companies will not be initiated for at least six months starting from March 25. Merits of the amendments to IBC IBC is not a recovery law -  The creditors, including MSMEs (micro, small and medium enterprises), had several other options to recover their claims. The proposed amendments, brought in the form of an Ordinance on June 5, suspended the application of three provisions to prevent any company, stressed due to the COVID-19 situation, from being pushed into insolvency proceedings. A provision for further extension of six months has also been given. The initial six-m...