India, US renew defence pact; to pursue co-production projects

January 25, 2015

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New Delhi, Jan 25: Vowing to take defence ties to a "new level", India and the US today renewed their 10-year Defence Framework Agreement and agreed in principle to pursue joint development and production projects.

The new framework will enhance bilateral defence partnership by stepping up joint military exercises and through more in-depth intelligence-sharing, maritime security efforts among others.

"Today, we have also decided to take our growing defence cooperation to a new level. We have agreed, in principle, to pursue co-development and co-production of specific advanced defence projects," Prime Minister Narendra Modi said after holding extensive talks with visiting US President Barack Obama here.

Modi said this will help upgrade country's domestic defence industry and expand the manufacturing sector in India.

He added that both countries will also explore cooperation in other areas of advanced defence technologies.

The Prime Minister did not specify what these projects were.

"We have renewed our Defence Framework Agreement. We will deepen our cooperation on maritime security," he said in a joint media interaction.

Obama, who arrived today on a three-day visit, welcomed the renewal of the pact and said it will guide the bilateral defence cooperation for next ten years.

"We agreed to deepen our defence and security cooperation.... And in a major step forward for our relationship, defence technology and trade initiative will allow us to jointly develop and produce defence technologies," he said.

Obama added that both Modi and he have also agreed to a "new vision for Asia Pacific".

"We are doing together more to advance our shared security and prosperity in this critical region," he said.

The first framework agreement, which expires this year, was signed in the US in 2005 by the then Defence Minister Pranab Mukherjee and his US counterpart in the previous George W.Bush administration, Donald Rumsfeld.

The most-significant aspect would be the Defence Trade and Technology Initiative (DTTI) — aimed at enhancing the ones existing under the Defence Policy Group, which lay out the path for future defence cooperation.

The US is pushing for what it calls "transformative defence technologies" for co-development and co-production with India under DTTI, which could become the hallmark of the Modi government's 'Make-in-India' initiative.

The US has offered India 17 hi-tech items of military hardware for co-production and co-development under DTTI.

Of the 17, India is understood to be interested in five, including unarmed unmanned aerial vehicles (UAVs) and aircraft landing system for aircraft carriers.

Hectic parleys were being held between the two countries on the defence front.

Frank Kendall, Under Secretary of Defence for Acquisition, Technology and Logistics (AT&L), arrived earlier this week here to hold discussions with Indian officials to come up with some "concrete" deliverables.

He is the Pentagon's point person on India-related defence issues, in particular on the India-US Defence Trade and Technology Initiative (DTTI).

His primary objective is to continue momentum on DTTI, which promotes collaboration on defence technology and enables co-production and co-development of critical defence systems.

Defence Minister Manohar Parrikar had earlier said expansion of DTTI with the US can be expected during the high-profile visit.

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News Network
March 9,2020

New Delhi, Mar 9: The Delhi Police Special Cell on Monday arrested a PFI member Danish from UP''s Moradabad for allegedly spreading fake propaganda during anti- CAA protests.

"Danish was the head of the Counter Intelligence Wing of PFI and has been actively participating in the anti-CAA protest across the city," sources in the Delhi Police Special Cell said.

Sources further claimed that his arrest has given clues regarding the Information war by the Popular Front of India (PFI).

The FIR related to the protest was filed by the Crime Branch but since the larger conspiracy regarding the Delhi riots is being probed by the Cell, the matter has been transferred to them.

Delhi Police Special Cell had on Sunday arrested a Kashmiri couple from Okhla for alleged links with Islamic State (IS) Khorasan module.

The couple have been identified as Jahanjeb Sami (husband) and Hinda Bashir Beg (wife). The police have seized some objectionable material from them and were interrogating them.

When asked about the couple, the sources said, "Officers of CERT-In are analysing the Eight Mobile phones and Laptop of the couple to question them further."

The couple being an active member of ISJ&K was operating from the Valley but later shifted their base to Delhi post internet clampdown.

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Agencies
May 13,2020

New Delhi, May 13: Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral-free automatic loan for businesses, including MSMEs.

This will benefit 45 lakh small businesses, she said detailing parts of the Rs 20 lakh crore economic stimulus package.

The loan will have 4-year tenure and will have a 12-month moratorium, she said.

Also, Rs 20,000 crore subordinated debt will be provided for stressed MSMEs, she said adding this would benefit 2 lakh such businesses.

The Finance Minister said a fund of funds for MSME is being created, which will infuse Rs 50,000 crore equity in MSMEs with growth potentials.

Also, MSME definition has been changed to allow units with investment up to Rs 1 crore to be called micro-units in place of Rs 25 lakh now.

Also units with turnover up to Rs 5 crore to be called micro-units, she said, adding a turnover based criteria is being introduced to define small businesses.

The investment and turnover limits for small and medium businesses have likewise been raised to allow them to retain fiscal and other benefits, she said.

Global tenders will be banned for government procurement up to Rs 200 crore, she said, adding this would help MSMEs to compete and supply in government tenders.

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JM
 - 
Thursday, 14 May 2020

Fully automatic loan..... not reachable to poor needy......

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Agencies
April 23,2020

New Delhi, Apr 23: With an increase of 1,229 new COVID-19 cases in the last 24 hours, the total number of cases reached 21,700, said the Union Ministry of Health and Family Welfare on Thursday.

The tally is inclusive of 16,689 active cases, 4,325 patients have been cured/discharged and migrated, while 686 patients who have died due to the deadly virus.

According to the ministry's data, Maharashtra is on the top of the list with most COVID-19 cases, 5,652 cases of which 789 patients have recovered and 269 patients succumbing to coronavirus.

Gujarat and Delhi are second and third on the list respectively with Gujarat having 2407 cases of which 179 patients have recovered and 103 deaths. Meanwhile, in Delhi, the tally stands at 2248 cases of which 724 patients have recovered and 49 patients have died from COVID-19.

Rajasthan's tally stands at 1,890 cases with 230 patients cured while 27 deaths have been reported as of Thursday.

Madhya Pradesh has 1695 cases of which 148 patients have recovered and 81 deaths reported. Tamil Nadu, on the other hand, stands with 1629 cases of which 662 patients have recovered and 18 have died due to the deadly virus.

Goa has seven cases reported of which all seven patients have recovered from the coronavirus.

Prime Minister Narendra Modi announced on April 14, that the nationwide lockdown would be extended to May 3.

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