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Indian Air Force jets crossed LoC, claims Pakistan

Agencies
February 26, 2019

Islamabad, Feb 26: Pakistan on Tuesday claimed that the Indian Air Force jets crossed the Line of Control (LoC), following which the former "scrambled" immediately.

The claim comes in the wake of tense relations between the two countries in the aftermath of the Pulwama terror attack, claimed by Pakistan-based outfit Jaish-e-Mohammed.

"Indian Air Force violated Line of Control (LoC). Pakistan Air Force immediately scrambled. Indian aircrafts gone back. Details to follow (sic)," the Spokesperson for the Pakistan Armed Forces, Major General Asif Ghafoor, tweeted on Tuesday.

"Indian aircrafts’ intrusion across LOC in Muzafarabad Sector within AJ&K was 3-4 miles. Under forced hasty withdrawal aircrafts released payload which had free fall in open area. No infrastructure got hit, no casualties. Technical details and other important information to follow," he added.

Pakistan's Chief of Army Staff (COAS) General Qamar Jawed Bajwa had visited Pakistani troops deployed at the Line of Control (LoC) in Kashmir and instructed them to "be ready to face any eventuality," on Friday.

Bajwa had also visited the Headquarters Rawalpindi Corps on Monday, where he was updated on the operational situation and state of readiness along the Line of Actual Control (LAC), LoC and Working Boundary (WB).

He met with Chief of Air Staff, Air Chief Marshal Mujahid Anwar Khan at the Air Headquarters in Rawalpindi where the two chiefs "deliberated on operational environment including threat and response" and "expressed satisfaction on readiness, coordination and synergy," according to Ghafoor.

Tensions are high between the neighbours following the ghastly February 14 attack in which a Jaish-e-Mohammed terrorist attacked a CRPF convoy in Jammu and Kashmir's Pulwama, leading to the death of 40 CRPF personnel.

The attack has since been widely condemned, with the United States telling Pakistan to cease providing support and a safe haven to terrorists and terrorist outfits.

Pakistan Prime Minister Imran Khan had earlier promised "action" if "actionable intelligence" was provided by India about its links to the Pulwama terror attack.

Khan had also warned of "retaliation, without even thinking" if any kind of military action is launched by India.

In response, India dubbed Khan's statement as "a lame excuse," asking him to stop misleading the international community.

Comments

Indian
 - 
Tuesday, 26 Feb 2019

it's just a trailer, picture Abhi baakhi he dost, just wait and watch, you might have no idea what can Indian army do with you.

 

Insha Allah history will repeat again.

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News Network
February 11,2020

New Delhi, Feb 11: Celebrations broke out at the AAP headquarters here as early vote-counting trends for the Delhi Assembly polls on Tuesday showed a comfortable victory for the Chief Minister Arvind Kejriwal-led party.

The headquarters were decorated with blue and white balloons and big cut-outs of Kejriwal were placed in different parts of the party office.

"We knew it. We have changed the politics of this country. Now it is Delhi, next is India," said Sanjeev Singh, a party volunteer from Hari Nagar.

Another volunteer Fareen Khan said, "We hope we get such a clear majority that a message goes out that doing Hindu-Muslim politics will not work anymore."

The Aam Aadmi Party (AAP) is leading in 26 seats while the BJP is leading in 14 seats, according to early trends by the Election Commission.

According to the EC's website, AAP convenor Kejriwal is leading in his New Delhi constituency.

Kejriwal reached the party office as the counting of votes got underway.

Counting centres are spread across 21 locations, spanning 70 constituencies.

Polling for the 70-member Delhi Assembly was held on Saturday.

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News Network
February 28,2020

Feb 28: Market benchmark Sensex plummeted over 1,100 points, wiping off over Rs 5 lakh crore investor wealth, in opening session on Friday amid a massive selloff in global equities as rising coronavirus cases outside China stoked fears of a pandemic that could dent world growth.

The 30-share index sank 1,100.27 points, or 2.77 per cent, to 38,645.39, while the NSE Nifty cracked 329.50 points, or 2.83 per cent, to 11,303.80.

All Sensex components were trading in the red, led by losses in Tata Steel, Tech Mahindra, Infosys, Mahindra and Mahindra, Bajaj Finance, HCL Tech and Reliance Industries.

In the previous session, the Sensex settled 143.30 points, or 0.36 per cent, lower at 39,745.66, and the Nifty fell 45.20 points or 0.39 per cent to end at 11,633.30.

According to analysts, till last week the market was of the view that coronavirus was going to have minimum impact on global economy as situation in China was being contained. But the increase in the number of new cases is changing the view and investors are worried about an intense slowdown.

Further, incessant selling by foreign investors is also spooking domestic market participants, traders said.

On a net basis, foreign institutional investors sold equities worth Rs 3,127.36 crore on Thursday, data available with stock exchanges showed.

Stock exchanges in Shanghai, Hong Kong, Seoul and Tokyo plunged up to 4 per cent in their morning sessions.

On Wall Street, the Dow Jones Industrial Average dropped 1,190.95 points, its largest one-day point drop in history, bringing its loss for the week to 3,225.77 points, or 11.1 per cent.

The S&P 500 has now plunged 12 per cent from the all-time high it set just a week ago.

World oil prices too tumbled by more than 4 per cent overnight as traders fretted about the impact of spreading coronavirus on crude demand, particularly from key consumer China.

Brent crude oil futures fell another 2.47 per cent to USD 50.45 per barrel early in the day.

The rupee depreciated 28 paise to 71.89 against the US dollar in morning session.

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Agencies
July 30,2020

New Delhi, Jul 30: India's gold demand in 2020 is expected to fall to the lowest level in 26 years with domestic bullion prices hitting a record high and as falling disposable incomes could curtail retail purchases, the World Gold Council (WGC) said on Thursday.

Lower demand by the world's second-biggest bullion consumer could limit a rally in global prices, which hit a record high earlier this month, although it could also reduce India's trade deficit and support the ailing rupee.

"Fast rising gold prices could act as headwinds," said Somasundaram PR, the managing director of WGC's Indian operations.

Local gold futures have jumped 35% so far this year after rising a quarter in 2019.

India's gold consumption in the first half of 2020 plunged 56% on-year to 165.6 tonnes. Meanwhile, the coronavirus-triggered lockdown also slashed demand by 70% in the June quarter to 63.7 tonnes, the lowest in more than a decade, the WGC said in a report published on Thursday.

Millions of Indians have lost their jobs or taken a pay cut after the country imposed a lockdown on its 1.3 billion people to curb the spread of the virus that has infected more than 1.5 million Indians.

Consumption is generally high during the June quarter due to weddings and key festivals such as Akshaya Tritiya, but lockdown restrictions kept shoppers indoors this year.

The weak demand in the first half could drag down India's gold consumption in 2020 to the lowest since 1994, when demand stood at 415 tonnes, Somasundaram said, adding that it is still difficult to provide an estimate for full-year demand as the coronavirus crisis is still unfolding.

"Indian demand has previously jumped as much as 300 tonnes in a quarter. Latent demand could come out in the second half," Somasundaram said.

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