US raises arms sales pitch to India to 'contain' China

July 24, 2012

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New Delhi, July 24: After describing India as "a linchpin" in its new strategic policy to "re-balance" military forces towards Asia-Pacific, in what is seen by many to be an unfolding grand design to "contain" China, the US is now cranking up its arms sales pitch to New Delhi.

From ballistic missile defence (BMD) and aeronautics to robotics and micro-UAVs (unmanned aerial vehicles), the US is eager to collaborate with India in top-end defence technology in a bid to displace countries like Russia, Israel and France as the pre-eminent defence supplier to India.

India plans to spend upwards of $100 billion in acquiring weapon systems and platforms over the next decade. Having already bagged defence deals worth over $8 billion over the last few years, the US is obviously hungry for more.

"As a country committed to enduring peace and security in the Asia-Pacific region, India deserves the best military equipment available... India is a top priority in our export considerations," said visiting US deputy secretary of defence Ashton B Carter on Monday.

"Practically, we want to be India's highest-quality and most trusted long-term supplier of technology...We trust India and know India is not a re-exporter or exploiter of our technologies," he added, speaking at a CII function.

Carter, who held talks with defence minister A K Antony, national security advisor Shiv Shankar Menon, defence secretary Shashikant Sharma and foreign secretary Ranjan Mathai during the day, said New Delhi had emerged Washington's second largest FMS ( foreign military sales) customer in 2011 with imports worth $4.5 billion.

India has certainly shed its long-held suspicions about the US not being a reliable long-term defence supplier to India, in part due to continuing problems with Russian propensity to jack-up costs mid-way through projects and not provide proper transfer of technology and product support.

But it still remains wary about whether the US will really provide cutting-edge defence technology.

Carter stressed US and India will move beyond mere defence trade, or a buyer-seller relationship, to joint R&D and co-production in the years ahead. He identified BMD as a potential area for this defence cooperation but said the two nations should first discuss it at the "strategic" level before engaging in technical discussions.

"We want to knock down any remaining bureaucratic barriers in our defence relationship, and strip away the impediments...Buying American systems, whether through direct commercial sales or FMS, will get India exceptionally high-quality technology, a high degree of transparency, and no corruption (this is mandated by our legal system)," he said.

The Indian defence ministry, too, seems to favour the direct government-to-government agreement under the American FMS system. India, for instance, is now close to inking $647 million contract for the acquisition of 145 M-777 ultra-light howitzers from the US in a FMS deal. This comes after the finalization of another such deal worth $4.1 billion for 10 C-17 Globemaster-III strategic airlift aircraft.

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News Network
May 22,2020

New Delhi, May 22: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis.

In March, the central bank had allowed a three-month moratorium on payment of all term loans due between March 1, 2020, and May 31, 2020.

Accordingly, the repayment schedule and all subsequent due dates, as also the tenor for such loans, were shifted across the board by three months.

As a result of this moratorium, individuals’ EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity.

The EMI payments will restart only once the moratorium time period expires on August 31.

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April 8,2020

Bengaluru, Apr 8: The University Grants Commission (UGC) has asked all universities and higher education institutions across the nation to set up helpline to combat mental health issues among students during the Covid-19 crisis and nation-wide lockdown period.

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These helplines need to be monitored by counselors and other identified faculty members. "It is important for students to stay calm and stress-free. This can be achieved through telephones, e-mails, digital and social media platforms," says UGC.

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April 17,2020

New Delhi, Apr 17: With 1,076 new cases of COVID-19 in the last 24 hours and 32 deaths, India's total count of coronavirus cases has surged to 13,835, said the Union Ministry of Health and Family Welfare on Friday.

The total cases are inclusive of 1,766 cured and discharged patients, one migrated and 452 deaths. At present, there are 11,616 active COVID-19 cases in the country.

Before the lockdown, the doubling rate of COVID-19 cases was about three days, but according to the data of the past 7 days, the doubling rate of cases now stands at 6.2 days, said Lav Aggarwal, Joint Secretary, Health and Family Welfare.

"Before the lockdown, doubling rate of COVID-19 cases was about three days but according to the data of past 7 days, the doubling rate of cases now stands at 6.2 days," Aggarwal said during the daily briefing on COVID-19.

Aggarwal said that as many as 5 lakh rapid antibody testing kits are being distributed to States and Districts where a high case burden has been observed.

"A total of 1,919 dedicated COVID-19 hospitals with 1.73 lakh isolation beds, 21,800 ICU beds readied in India," he added. 

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