“A nation’s economic sovereignty is seriously threatened by money laundering. The use of information and communication technology has increased the difficulty.” Describe. (200 Words) [UPPSC 2023]
Strengthening India’s Security Forces: Suggestions Modernization and Equipment Upgrades: Equip the security forces with advanced technology and modern weaponry to enhance operational effectiveness. For instance, the recent induction of Akash-NG missiles and modern surveillance drones improves defensRead more
Strengthening India’s Security Forces: Suggestions
- Modernization and Equipment Upgrades: Equip the security forces with advanced technology and modern weaponry to enhance operational effectiveness. For instance, the recent induction of Akash-NG missiles and modern surveillance drones improves defense capabilities.
- Enhanced Training Programs: Implement comprehensive training programs focusing on cyber warfare, counter-terrorism, and urban operations. The National Security Guard (NSG) has been undergoing rigorous counter-terrorism training to deal with evolving threats.
- Improved Coordination and Intelligence Sharing: Strengthen inter-agency coordination and intelligence sharing mechanisms to ensure timely and effective responses to threats. The National Investigation Agency (NIA) has been pivotal in counter-terrorism operations by integrating intelligence from various sources.
- Personnel Welfare and Morale: Enhance welfare programs, including better healthcare, housing, and retirement benefits for personnel to maintain high morale and efficiency. The Seventh Pay Commission recommendations have improved pay and benefits for armed forces personnel.
Recent Example: In 2023, India launched the ‘Integrated Border Management System’, which integrates technology and coordination among different security forces to enhance border security and surveillance.
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Money Laundering and Its Threat to Economic Sovereignty 1. Threat to Economic Sovereignty: Definition: Money laundering involves disguising the origins of illegally obtained funds to make them appear legitimate. It undermines a country's economic sovereignty by distorting financial systems and enablRead more
Money Laundering and Its Threat to Economic Sovereignty
1. Threat to Economic Sovereignty:
2. Role of Information and Communication Technology (ICT):
3. Recent Examples:
4. Challenges and Responses:
Conclusion: While ICT has made money laundering more complex, advancements in technology and international cooperation are critical in addressing these challenges and protecting economic sovereignty.
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