The budget deficit of the US government is estimated to reach a record $ 3,300 billion. The budget deficit is expected to hit a record high, given the ongoing spending to tackle Kovid-19 and stimulus measures of more than $ 2,000 billion to boost the economy. The Congress Budget Office has made this estimate. The deficit increase means that federal debt will surpass GDP annually next year. This situation will be exactly the same as it was after the second world war. At that time the cumulative debt exceeded the size of the economy.
More than three times the 2019 deficit
The $ 3,300 billion estimate released on Wednesday is more than three times the 2019 deficit. At the same time, the rate of softening in 2008-09 is twice. On one hand, while the government’s expenses are increasing, on the other hand the tax revenue has come down due to the recession. Personal income tax collections are down 11 percent over the previous year, while company tax collections are running 34 percent less.
Corona hit on economy and employment of people
The economy was shut down for the prevention of corona virus. This had an impact on the economy and employment of the people. Direct relief and incentive measures of $ 1,200 were announced to relieve those who lost their jobs. This brought relief to the economy in the short run.
MPs are getting confused about the size of relief package
Given the increasing spending, lawmakers and the White House are mulling over the size of the fifth virus relief package. Republican lawmakers have begun to worry about rising costs to deal with the epidemic, while the Democratic-controlled House passed a $ 3,500 billion package in May. However, Speaker of the House Nancy Pelosi has expressed a desire to reduce this to $ 2,200 billion.
The situation between India and China on the Line of Actual Control is not normal. Tensions between the soldiers of the two countries have increased considerably in the past few years. There are also reports of clash. Prime Minister Narendra Modi, in his speech from Red Fort on the occasion of Independence Day, has already sent a message to China that his policy of expansionism is no longer going on.
Not only this, China has made powerful countries like America as well as enemies of India. The stalemate between the two countries can be clearly seen in the South China Sea. In such a situation, if China tries to go to war with India, it may have to pay a heavy price.
The policy of expansionism made China the enemy of many countries
China has become an enemy of countries like America, Britain, France, Australia or Japan due to its expansionary policy. In such a situation, if war breaks out, there is a possibility that India can get the support of these countries. India’s recent relations with these countries have been strengthened by PM Modi’s new foreign policy.
Also read- Indian jawans evacuating the Chinese army evacuated the southern bank of Pangong lake
Things have changed since 1962, India has moved forward
The Chinese military and its ruling leaders often refer to the 1962 war, but now the neighboring country has to understand that the situation has changed to a great extent. India has spent heavily on its defense budget. If Rafael has signed a deal with France, then a large number of modern weapons have been purchased from Israel. The Indian Army has gained a lot of strength from such defense agreements. This is the reason why in 2017, the Chinese army had to withdraw its footsteps in Doklam. Not only this, Indian soldiers killed more than 40 Chinese soldiers in the Galvan Valley. However, 20 soldiers of India were also killed in this clash.
Also read- Indian Army increases strength in Pangong, Sukhoi-Miraj-Jaguar ready to give a befitting reply
Indian Army repulsed PLA off southern Pangong coast
The Indian Army has completely liberated the southern areas of Pangong Lake from the Chinese Army, with the LAC in eastern Ladakh foiling the Chinese infiltration attempt on 29 August. Along with this, deployment has been increased in the Pangong Lake area. According to army sources, the southern end is now completely under the control of the Indian Army. According to army sources, the southern part covers the area of Finger Five and its vicinity, where the Chinese army was present at some places. Finger 5 also had Chinese troops stationed at high altitudes. But after the latest skirmish, the Indian Army has not only prevented him from moving forward but has pushed him further back.
‘US wants alliance with India-Australia-Japan like NATO’
The United States wants to formalize its close defense relations with countries in the Indo-Pacific region. With the aim of competing with China, India wants to form an alliance with Japan and Australia, just like the North Atlantic Treaty Organization (NATO). US Deputy Secretary of State Stephen Bezgan said this on Monday.
The United States wants to formalize its close defense relations with countries in the Indo-Pacific region. With the aim of competing with China, India wants to form an alliance with Japan and Australia, just like the North Atlantic Treaty Organization (NATO). US Deputy Secretary of State Stephen Bezgan said this on Monday. He said that the aim of the US is to form groups with four countries and others in the region to work together to respond to the potential challenge from China.
Begun said this while speaking with former Ambassador of India Richard Verma in an online discussion organized by the US-India Strategic Partnership Forum.
Begun said, “The Indian Ocean region lacks really strong multilateral structures. They have nothing to do with the fate of NATO or the European Union. The strongest institutions in Asia are often not. I think the lack of inclusiveness Because of that. There is certainly a possibility of formalizing such a structure. ” He said, “Remember, even NATO started with relatively modest expectations and many countries (initially) chose neutrality over NATO membership.”
However, he warned that the US would pursue its ambitions for Pacific NATO. Claiming such an alliance, he said, “This will only happen when other countries are committed to it like the US.” The four countries are expected to meet in Delhi in the winter months.
India is clearly indicating its intention to invite Australia to participate in the Malabar Naval Exercise, which would be a tremendous step to ensure sea safety in the Indo-Pacific. Naval exercises have been conducted by the US and India since 1992, mostly in the Bay of Bengal. Japan has been participating in this exercise since 2015.
The report said that clashes between Chinese and Indian troops in the Galvan Valley in June made India more willing to withdraw to Australia for the Malabar naval exercise. Although Japan and the US have already been invited to participate in this year’s exercise, due to COVID-19, India has not yet given a formal invitation to Australia.
The White House said on Wednesday that America will always be a trusted friend of the people of India. He reiterated that the United States is keen to further strengthen relations between the two countries. The National Security Council of the White House tweeted in the backdrop of India’s 74th Independence Day, “We congratulate our friends in India, who have recently celebrated their Independence Day.”
Council’s tweet retweeted by Senate John Cornyn. He is the co-chairman of the Senate India Caucus. Earlier this week, a senior administrative officer of the council said that the Trump administration had raised the level of US relations with India and greatly strengthened its growing partnership that had previously Was not seen in US administrations.
Let us know that the US India Strategic and Partnership Forum Conference is going to be held from 31 August to 3 September. In which US Vice President Mike Pence and India’s Foreign Minister S Jaishankar will deliver keynote speeches on Indo-US relations at a digital leadership conference.
In this conference there will be discussion on increasing economic and strategic cooperation between the two countries. USISAPF President Mukesh Agi said on Tuesday that we are honored and delighted to have Vice President Pence join us for our conference: this is an extraordinary opportunity for the administration’s deep commitment to India and the Indo-Pacific region.
The Biden administration will advocate India’s leading role in international institutions. Along with this, the United Nations will help India in becoming a member after reforming the Security Council. These were said by a top official of Biden’s campaign.
Joe Biden is the nominee for the Democratic Party in the US presidential election. The official has also promised to help India get a seat in the UN Security Council after its reform. Former diplomat and Biden’s top foreign policy adviser Tony Blinken said the Biden administration would adopt a policy of not tolerating terrorism in South Asia at all.
During the panel discussion on the Indian-American and US-India relationship in the Biden administration, Blinken said on Saturday that if Biden wins the election, he will help India get a seat on the Security Council and protect India and the US Will strengthen the relationship. He said in response to a question by Richard Verma, former US ambassador to India, that he believes Joe Biden will work as president and with close allies like India.
Play a leading role in the institutions of India
Blinken was questioned that the world was witnessing Chinese aggression on the Indo-Pacific region and the Indian border. As India faces threats of cross-border terrorism, how will the Biden administration in the US support India. He said that in the Obama administration we played an important role in establishing India as an important ally of the Indo-Pacific strategy. There is a need to extend this role beyond the region to the whole world. In the Biden administration we would advocate that India play a leading role in international institutions.
Terrorism is not tolerated at all
Blinken said that we will work together to strengthen India’s capabilities and as a partner against terrorism. The Biden administration will adopt a policy of not tolerating terrorism at all, including South Asia.
Will stand with India in dealing with threats: Biden
Joe Biden has said that if he wins the election, his administration will stand by him to deal with the threats facing India. Biden spoke of further strengthening relations between India and the United States. Addressing the Indian-American community on India’s Independence Day, Biden, who was the Vice President in the previous Obama administration, said that I was leading the effort to ratify the historic civil nuclear deal with India 15 years ago.
Will work on tackling global challenges
Work on increasing trade between the two countries and tackling major global challenges such as climate change and global health security. Biden said that if he is elected president, he will work to strengthen the democracies whose strength is their diversity. He said that on this occasion, let’s strengthen the relationship between our countries and people.