64th National Basketball Championship held in New Delhi

The 64th National Basketball Championship held at the Thyagaraj Indoor Stadium in New Delhi.

Winners:

  • Chhattisgarh won the women’s title after beating Indian Railways by 81-77.
  • Tamil Nadu won the men’s title by defeating Punjab by 74-57.
  • Harish Sharma Most Valuable Player Award: Rikin Pethani (Tamil Nadu) and Kavita Kumari (Chhattisgarh).
  • Services finished third in the men’s category while Delhi women beat Maharashtra to secure third position.

Note: The winners received Rs.1 Lakh, while the first and second runners-up received Rs. 75,000/- and Rs. 50,000/-.

China hiked military budget by 12.2% for 2014

The People’s Republic of China announced to raise its military budget for 2014 by 12.2% to $132 billion. The hike in defense spending would seek to develop more high-tech weapons and to beef up coastal and air defenses.

  • It would also allow Beijing to create a modern force that will project power not only across the disputed waters of the East and SouthChinaSeas but also into the western Pacific and IndianOceans.
  • Goal: To become a dominant military presence in the Pacific, with a navy able to project power across the region.
  • This hike in defense spending would create tension among China’s neighbors viz. India, Japan, South Korea, Taiwan, Vietnam, etc.
  • The budget spike comes as Asia reacts nervously to a string of recent moves by China to assert its sovereignty in disputed territory, expand its military reach and challenge the traditional dominance of U.S. forces in the Asia Pacific region.
  • From India’s point of view, China’s defense spending is far higher than $36 billion allocated in last month’s interim budget that amounted to 10% hike.

Note: China’s military spending is the second largest in the world, behind that of the United States.