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
March 29,2020

Mumbai, Mar 29: Virologist Minal Dakhave Bhosale led from the front to create India's first coronavirus testing kit even when she was in the last stage of her pregnancy.

Bhosale's efforts paid the price with her team delivering the testing kit in a record time of six weeks.

Bhosale gave birth to a baby girl just a day before submitting the kit to the authorities for evaluation.

"It was like giving birth to two babies," Bhosale told PTI over the phone.

The virologist said both the journeys - that happened in parallel - were not without challenges.

"There were complications in the pregnancy while work on the test kit was on. The baby was delivered through cesarean," she said.

Bhosale said she felt that it was the right time to serve the people to help them in combating the coronavirus threat.

"I had been working for five years in this field and if I don't work in emergency situations when my services are needed the most, then what is the use?" she said.

Though Bhosale was not able to visit the office due to the pregnancy, she was guiding a team of 10 persons working on the project at Mylab Discovery in Pune.

The strong bonds forged with the team over the years and their support made it possible, she said.

Company's co-founder Shrikant Patole said just like drug discovery, test kits too go through a lot of quality checks to improve the precision.

He credited Bhosale for the success of the project.

The COVID-19 testing kit delivered by Bhosale's team will reduce the time taken for delivering a result to 2.5 hours from the prevalent practice of eight hours.

A pioneering approach to testing without compromising on the results was adopted, Bhosale said.

The Maylab test kit will cost Rs1,200, a quarter of Rs 4,500 per kit that the government has been spending on testing so far.

"I'm happy that I could do something for the country," Bhosale said.

As of Friday, only 27,000 of the 1.3 billion people were tested for the virus in the country.

According to experts, high scale testing is essential because it alone can ensure an early diagnosis of COVID-19 and lower down the fatalities.

The company is confident of ramping up the capacity at its plant in Lonavala to deliver 100,000 kits a week, Patole said.

He said the authorities are helping the company, including giving priority for shipping of the raw materials.

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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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News Network
January 9,2020

New Delhi, Jan 9: JNU students who tried to march towards the Rashtrapati Bhavan on Thursday protesting the violence on the university campus were stopped by police and later detained.

The police also resorted to baton charge to control the mob who tried to block the traffic at Janpath. Using loudspeakers, the police also appealed to the crowd to maintain peace.

Before the students tried to proceed towards the Rashtrapati Bhavan, a delegation of JNU Students' Union and JNU Teachers' Association also met Human Resource Development (HRD) Ministry officials and demanded the removal of Vice-Chancellor M Jagadesh Kumar from his post.

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