Antony to seek hike in defence outlay to counter twin threats from Pakistan, China

May 9, 2012
antonyNew Delhi, May 9: India is looking to crank up its defence budget to counter the deepening military nexus between China and Pakistan, which could even extend to it being confronted with a two-front war in a worst-case scenario.

Defence minister AK Antony on Tuesday told Rajya Sabha he would seek a hike in the Rs 1,93,408 crore (around $39 billion) defence outlay in the 2012-13 budget due to "new ground realities and the changing security scenario".

"The growing proximity of China and Pakistan is a cause of worry...I know the gravity of the situation. We have to take a second look at the defence budget in light of the changing threat perceptions,'' he said.

The Army's new doctrine and "pro-active strategy" has also factored in the remote but plausible contingency of grappling with both China and Pakistan simultaneously in a two-front war, as was first reported by TOI earlier.

The armed forces had sought a defence outlay of Rs 2,39,123 crore this fiscal that would have amounted to 2.35% of the projected GDP for 2012-13, but ultimately got only Rs 1,93,408 crore to notch up 1.9%.

Now, after Gen VK Singh's warning about "critical hollowness" in the Army's operational capabilities to deal with two "inimical neighbours", the government is doing a serious rethink. "The defence budget has to be enhanced to deal with the new challenges," said Antony.

This came after opposition leader Arun Jaitley stressed the importance of shaping India's strategic policy and defence preparedness as per "changing geo-strategic realities". Though he was "almost sure" there would be no conflict, Jaitley said India had to be prepared for a "90-day full spectrum war". "How do we defeat Pakistan and how do we hold China? All this has to be factored in," he said.

Antony acknowledged there was need to "speed up" several plans already underway to boost operational military capabilities as well as border infrastructure through strategic road and rail links. "If China can increase its military strength in Tibet, India can do the same in Arunachal, Sikkim and other areas," he said.

Two new infantry divisions - with 1,260 officers and 35,011 soldiers - for instance, have been raised that are based in Zakama (Nagaland) and Missamari (Assam), apart from independent armoured and artillery brigades and a joint air defence center.

"In the 12th Plan period (2012-17) also, we will build a new offensive corps, with two specialized divisions for high-altitude areas. The (over Rs 60,000 crore) proposal has gone to finance ministry," said Antony.

This new mountain strike corps headquartered in Panagarh (West Bengal) will give India, which for long concentrated on only the land borders with Pakistan, new offensive ground capabilities against China.

Then, India will get aircraft carrier INS Vikramaditya (Admiral Gorshkov) and indigenous nuclear submarine INS Arihant, armed with nuclear-tipped missiles, early next year to add to the nuclear attack submarine INS Chakra already inducted from Russia on a 10-year lease. "In fact, Navy will be getting five new warships every year from now onwards," said Antony.

IAF will be strengthened with 270 Russian Sukhoi-30MKIs already being inducted for around $12 billion, the 126 new medium multi-role combat aircraft to be acquired in the almost $20 billion MMRCA project and the 250 to 300 fifth-generation fighters to be built with Russia in the gigantic $35 billion programme.

Besides, apart from transport aircraft like C-17 Globemaster and C-130J Super Hercules, there will be 120 Tejas light combat aircraft as well as 51 upgraded Mirage-2000s and 63 MiG-29s to add to its combat fleet.

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News Network
June 5,2020

New Delhi, Jun 5: Shares of Reliance Industries on Friday gained over 2 per cent to hit their one-year high level after the company announced sale of 1.85 per cent stake in its digital unit, Jio Platforms, to Abu Dhabi-based sovereign investor Mubadala.

On BSE, the heavyweight stock jumped 2.38 per cent to Rs 1,617.70 -- its 52-week high.

It surged 2.41 per cent to its one-year high of Rs 1,618 on NSE.

Earlier in the day, Reliance Industries announced the sale of 1.85 per cent stake in its digital unit to Mubadala for Rs 9,093.60 crore, the sixth deal in as many weeks that will inject a combined Rs 87,655.35 crore in the oil-to-telecom conglomerate to help it pare debt.

"Mubadala Investment Company (Mubadala) will invest Rs 9,093.60 crore in Jio Platforms at an equity value of Rs 4.91 lakh crore and an enterprise value of Rs 5.16 lakh crore," the company said in a statement.

With this investment, Jio Platforms has raised Rs 87,655.35 crore from leading global technology and growth investors including Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.

Jio Platforms, a wholly-owned subsidiary of Reliance Industries Ltd, is a next-generation technology company.

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News Network
March 26,2020

New Delhi, Mar 26: Despite repeated assurances by the Centre and state government of no shortage of food and essential services in Delhi, many daily wage earners have started fleeing the national capital on foot to return to their native villages in nearby Uttar Pradesh and other states because of the hardships being faced by them.
Most daily wage earners who are fleeing have complained that they are doing so because they will die of hunger due to lack of resources at their disposal.
"I am going to Azamgarh, my native place which is more than 800 kilometers from here. We have started walking towards our village. On the roads, if we get some vehicles then it will be all right otherwise we will continue on foot. I used to work in the construction sector but all work has stopped, we therefore have no other means to buy our rations. Atleast, food is guaranteed in our homes," Ghanshyam, a daily wage earner, told ANI here.
Rani, another daily wage earner, who was fleeing Delhi along with her family said, "Who would want to leave on foot, but what other options do we have. Our children will die of hunger, even if they are saved from the disease. That is why we are leaving."
While the government has been assuring that it will provide food and other essentials to the low-income groups, the people complained that they are yet to receive any help.
The departing of people has started despite repeated warnings by governments to prevent the influx of persons living in other states to curtail the spread of coronavirus.
Prince, who used to reside in Mongolpuri area of Delhi, said, "If we continue to stay the landlord will pester us for rent. The prices of all commodities are rising with each passing day, this way we will have nothing left to survive. We did not get any help from the government. I am, therefore, returning to Kasganj, which is close to 300 kilometres from Delhi. We will at least get food served twice a day in the village, nobody is offering us even water here."
Earlier on Tuesday, Delhi Chief Minister Arvind Kejriwal had announced Rs 5,000 for each construction worker under Construction Workers Welfare Board Fund.
Addressing a video conference here, he said, "The Delhi government will give Rs 5,000 to each construction worker as their livelihood has been affected due the outbreak of coronavirus."
He also said that the number of night shelters in the city has been increased and more food is being distributed to homeless people.
He also said that due to curfew, several people were not able to get food, and urged the public to send such people to the nearest shelters of the Delhi government, where food was being arranged.

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News Network
April 2,2020

New Delhi, Apr 2: With 437 new cases reported in the last 24 hours, the tally of COVID-19 positive cases in India shot up to 1,834 on Wednesday night.

The number of deaths in the country due to COVID-19 has risen to 41.

The total number of active cases in the country is 1,649. 143 persons have been cured and discharged from the hospitals. One person has migrated, according to the data provided by the Ministry of Health and Family Welfare.

Earlier on Wednesday, Union Home Secretary Ajay Bhalla urged all state governments and Union Territory administrations to ensure the lockdown measures issued by the Ministry of Home Affairs are strictly implemented.

"All the state governments/UT administrations are requested to strictly implement the lockdown measures issued by MHA in the exercise of the powers under Disaster Management Act, 2005 in letter and spirit," Bhalla said.

Prime Minister Modi had earlier announced a 21-day lockdown in the entire country to deal with the spread of coronavirus, saying that "social distancing" is the only option to deal with the disease, which spreads rapidly.

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