INS Kochi, the largest India-made warship, commissioned

September 30, 2015

Mumbai, Sept 30: Naval warship INS Kochi, a stealth guided missile destroyer, was commissioned today by Defence Minister Manohar Parrikar, who said the navy has chalked out an indigenisation plan for the next 15 years.

INS"The navy has chalked out an indigenisation plan for the next 15 years. There is renewed enthusiasm in the defence production units, PSUs and private sector," he told reporters on board the warship at Naval Dockyard here.

"We will develop a real blue-water navy which will dominate the Indian Ocean region," Parrikar said, adding, "We still lack in fire power."

The minister also spoke of a 'mixed success' on the missile system technology front. "In the next 5 years there will be indigenisation to a large extent in missile technology," he said.

The finish of the INS Kochi is as "good as any foreign (naval) ship", he said, lauding those who built it.

INS Kochi is the second ship of the Kolkata-class (Project 15A) guided missile destroyers. The contract for three ships of Kolkata class was signed as a follow-on of the legendary Delhi-class destroyers, which were commissioned into the navy more than a decade ago.

Designed by the navy's in-house organisation, Directorate of Naval Design, and constructed by Mazagon Dock Ship Builders Ltd in Mumbai, the ship is christened after the vibrant port city of Kochi.

Although conceived as follow-on of the earlier Delhi class, this ship is vastly superior and has major advancements in weapons and sensors. The ship incorporates new design concepts for improved survivability, stealth, sea-keeping and manoeuvrability.

With a displacement of 7,500 tons, the majestic ship spanning 164 metres in length and 17 metres at the beam, is propelled by four gas turbines and designed to achieve speeds in excess of 30 knots.

The ship has a complement of about 40 officers and 350 sailors. The accommodation and living spaces have been designed with special emphasis on ergonomics and habitability.

Enhanced stealth features have been achieved through shaping of hull and use of radar-transparent deck fittings. A bow mounted sonar dome, the second of its kind in an indigenous naval platform, has been introduced to enhance sonar acoustic performance, according to a navy spokesperson.

To a question on shortage of naval helicopters, Parrikar said, "We are around 35-40 per cent of overall indigenisation target. The rest of the things are partly or fully imported.

"In case where quantity is less, it is not feasible to make the things. The target of 70 per cent indigenisation over a period of next five to six years is a reasonable target," he said.

INS Kochi is packed with an array of sophisticated weapons and sensors, with a significant indigenous component. The ship has many lethal weapons to her credit which include the successful fitment of vertically launched missile system for long distance engagement of shore and sea-based targets.

The vessel is one of the few warships in the world and the second in the Indian Navy to have multi-function surveillance and threat alert radar to provide target data to long-range surface-to-air missile system.

The MF STAR and LR SAM systems are jointly developed by DRDO (Defence Research and Development Organisation) and Israel Aerospace Industries Ltd. To protect against incoming air borne and surface threats, at medium and close in range, the ship has 76 mm and 30 mm gun mounts.

The ship can be classified as a 'network of networks' as it is equipped with ship data network (SDN), combat management system (CMS), automatic power management system (APMS) and auxiliary control system (ACS).

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Agencies
May 12,2020

New Delhi, May 13: Prime Minister Narendra on Tuesday announced Rs 20 lakh crore special economic package for the country to be 'self-reliant' and deal with COVID-19.

"I announce a special economic package today. This will play an important role in the 'Atmanirbhar Bharat Abhiyan.' The announcements made by the government over COVID, decisions of RBI and today's package totals to Rs 20 lakh crore. This is 10 per cent of India's GDP," said Prime Minister Modi in his address to the nation. The Prime Minister said that humanity would not accept defeat from the coronavirus but the people have to stay safe and move forward.

"We had never seen or heard about such a crisis ever before. This is definitely unimaginable for mankind. It is unprecedented. But humanity will not accept defeat from this virus. We have to not only protect ourselves but also move forward," he said.

Talking about the gravity of the virus, Modi said: "It has been four months the world is fighting COVID-19. More than 42 lakh people from different countries have been infected by COVID-19. More than 2.75 lakh people have lost their lives due to the virus. In India too many families have lost their dear ones, I express my condolences to them."

"Today when the entire world is in crisis, we will have to further firm our resolve," he added.

The Prime Minister on Monday held a video conference meeting with Chief Ministers of all states to discuss the road ahead in India's fight against COVID-19 and noted that he was of the firm view that measures needed during the third phase of lockdown will not be needed in the fourth phase.

Prime Minister Modi had said the need was to reduce the transmission rate of the disease and to increase public activity gradually while adhering to all the guidelines and efforts to be made towards achieving both these objectives.

The phase three of the lockdown is coming to an end on May 17.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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News Network
January 15,2020

Jan 15: Amazon.com Inc Chief Executive Officer Jeff Bezos is facing a bitter welcome during his India visit this week as the country’s antitrust regulator initiated a formal investigation just hours before his arrival and trader bodies comprising millions of infuriated small store owners announced demonstrations.

Bezos is in New Delhi for the Smbhav summit, an Amazon India event for small and medium businesses. The billionaire is scheduled to conduct a fireside chat with Amazon India chief Amit Agarwal, anchoring an event that also features Infosys Ltd. co-founder Narayana Murthy and retail billionaire Kishore Biyani, who recently sold a stake in his retail group to Amazon. Ahead of the event, Bezos paid his respects at Mahatma Gandhi’s memorial, wearing a white tunic and a rust-colored Indian vest.

The small businesses that Amazon’s CEO is hoping to endear himself to, however, are organizing in opposition. The Confederation of All India Traders announced that members of its affiliate bodies across the country would stage sit-ins and public rallies in 300 cities to raise a war cry against the world’s largest online retailer. In a letter to Prime Minister Narendra Modi last week, the confederation’s Secretary General Praveen Khandelwal alleged that Amazon, much like Walmart Inc.-owned Flipkart, was an “economic terrorist” who engaged in predatory pricing that deprived the government of tax revenue and “compelled the closure of thousands of small traders.”

India’s e-commerce market is projected to grow to $150 billion by 2022, according to a 2018 report by software industry group Nasscom and consulting firm PwC India. Competition for this rapidly expanding sector is intensifying as Asia’s richest man, Mukesh Ambani, prepares to go live with JioMart, an online shopping platform challenging Amazon and Walmart directly. The latter’s Flipkart Online Services Pvt is also delving deeper into the countryside in its pursuit for more customers. Amazon, for its part, opened a huge office complex in the southern city of Hyderabad in September, underscoring its commitment to the country.

The Competition Commission of India said it would probe the deep discounts, preferential listings and exclusionary tactics that Amazon and Flipkart are alleged to have used as anti-competitive levers. India’s trade bodies have long argued that both retail giants were flouting rules by promoting sales and discounts through their favoured sellers, many of whom they have preexisting commercial arrangements. The regulator has ordered for the investigation to be completed within two months.

Bezos last visited India in 2014 under starkly different circumstances. During that trip, the Amazon founder wore local festive garb, rode atop a festooned truck for a photo opp and presented Amazon’s Indian unit with a giant check for $2 billion. Since then, Amazon has pledged a further $3.5 billion to expand in the country.

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