12/12/2015

Securities agencies need to clear China’s investment in India


I got this quote from an article in the Today paper on 11 Dec about India awarding a bullet train project to Japan.  Here it is, ‘In September, China was given the right to assess the feasibility of a high speed train link between New Delhi and Chennai, in the south, after getting clearance from India’s security agencies wary of Chinese involvement in infrastructure areas such as telecoms and railways.’

The above statement emphasized the important role played by the security agencies of India in guarding national interests and external threats. Foreign investors cannot simply get into India and do any business they like, building infrastructure, communications, strategic industries like power plants and water resources, IT and control of the banking and finance industry.

The big question is how involved are our security agencies in the trading of national assets, in the recruitment of so many foreigners here, in foreigners being employed in sensitive industries like national securities, IT, banking and finance?  Do we face the same external threats like India or other countries that our security agencies should be involved in approving strategic investments and industries and also the employment of foreigners to senior positions in govt and govt linked organizations? There is a standard practice in all countries for the security agencies to vet and clear even their own citizens for appointments in the uniformed services and other security sensitive services.

How are our security agencies involved in the commercial sectors like banking and finance, IT, communications and even the medical industries? Do these industries, and the employment of foreigners in senior appointments require a robust regime of vetting and clearance from the security agencies here? Are the security agencies too busy watching out for terrorists and anti national elements but employment in govt and the private sector, foreign investments etc are out of their purview? Should the security agencies be more closely involved in the influx of foreigners into the country?


Maybe they already are. Maybe we need not be so sensitive with such matters as they posed lesser security concerns. No countries will be interested in taking over this little red dot.  Just wondering aloud.

8 comments:

  1. With a 70% strong mandate, the PAP government has the ability and competence to ensure that Singapore remains safe.
    Otherwise, why would Singaporeans vote PAP?

    ReplyDelete
  2. India (and many other "old fashioned" cuntries) need to step up to the 21 century and liberalise their economies more.

    Singapore is much more suited to the geopolitics and economies of the 21st century---open borders, open economy, but well defended against threats with reasonable surveillance and reasonable regulatory framework---i.e. not to strict you chase away the money, but not too slack so that every criminal enterprise is running riot.

    Think "Goldilocks" lah---not to extreme, just right"

    Both India and China still have too many controls. Even for getting money out of China...there are controls. But business can bypass those controls by using fake invoicing

    It's something their own governments have yet to accept: Never come between an Indian or a Chinese and their money. They will protect their money. Thank god for at least one "sensibility" from culture.

    ReplyDelete
  3. "How are our security agencies involved in the commercial sectors like banking and finance, IT, communications and even the medical industries? Do these industries, and the employment of foreigners in senior appointments require a robust regime of vetting and clearance from the security agencies here?"
    RB

    Not to worry lah, RB. If something bad can happen, it would have already happened by now. If not, it will never happen.

    Just like the Sinkie opposition. If they can be ready to be govt, they would have already become govt in GE 2015. If not, they will never be ready to become govt.

    ReplyDelete
  4. "With a 70% strong mandate, the PAP government has the ability and competence to ensure that Singapore remains safe."
    Anon 9:16 am

    Not really lah. 70% voted PAP because they see PAP has the best ability and competence among the political parties to ensure that Singapore remains safe. In other words, even if PAP screw up, it is still better than a opposition screw up.

    ReplyDelete
  5. /// In other words, even if PAP screw up, it is still better than a opposition screw up. ///
    December 12, 2015 10:29 am

    I think it is also better I fuck your wife.
    So even if I do a bad job fucking your wife, it is still better than you doing a bad job fucking your wife.

    ReplyDelete
  6. I think it is also better I fuck your wife.
    Anon 12:03 pm

    I think your mother must like to be better fucked by not your father.

    That's why she teach you to better fuck other people's wife.

    ReplyDelete
  7. The pity thing, it already happened and they didn't know. They did not know what is happening to their country.

    ReplyDelete
  8. @ December 12, 2015 1:43 pm

    When you are smart like PAP.
    And you can get 70% mandate.
    I'm sure you will be allowed to fuck anybody you want (your auntie, your uncle, father or mother).
    And they will all thank you and even pay you a million dollars after you have finished fucking them.

    But can you get a 70% mandate?
    Cannot right?

    ReplyDelete