P8-Is: Indian Navy's eye in the sky

January 17, 2013

indiannavyNew Delhi, Jan 17: The Boeing P8-I long-range maritime reconnaissance aircraft (LRMRA) which the Indian Navy got lat month is the most sophisticated weapon system in its inventory yet.

The aircraft, which is now being used for training by Indian naval personnel in coordination with the US Navy in the US, has the latest radars, electronic warfare systems, and weapons to kill hostile submarines, several of which lurk underwater in the Arabian Sea and Bay of Bengal around the Indian coast.

Built on the body of a civilian Boeing 737-800 jetliner with the wings of a 737-900, the P8-I is actually an attack aircraft, capable of discriminating between friendly and hostile vessels far away and then hit them with desired priority and lethality.

Its key capability though is to detect and delete hostile submarines, as also small boats in shallow waters which pose the most serious threat to Indian naval assets.

India has purchased eight P8-Is from the US Navy under the US government’s Foreign Military Sales (FMS) programme and the government has cleared four more for which there was an option. Another 12 P8-Is, or similar aircraft, should be acquired later.

The $2.1 billion-plus deal for aircraft covers onboard offensive and defensive systems and training. Weapons like the Boeing Harpoon Block II missiles, sonobuoys, Raytheon’s Mk 54 torpedoes, some freefall weapons cost additional.

The P8-I is a derivative of the US Navy’s P8-A multi-mission maritime aircraft (MMA) developed at the cost of billions of dollars. The first P8-A was delivered to it in March 2012, and so far, it has received five of the 117 ordered aircraft.

The Indian Navy is the first foreign customer and not much apart in time.

Understandably though, the P8-Is would not have the same range and features as the P8-As, but then the Indian requirements are met appropriately. In any case, there cannot be 100 per cent commonality as neither would the US share its latest technologies nor is India looking for interoperability with US assets.

Mission computers form the heart of the P8-I, integrating various sensors, radars and weapons on board, directing their power, reach and the required urgency in neutralizing hostile targets.

There are five to seven consoles for the operators, who can command the system to initiate and execute real-time action and attack.

Although the P8-I is not an AWACS (airborne warning and control systems) aircraft, it can operate as one in a limited way, and coordinate with the Indian Navy or Indian Air Force (IAF) combat jets to shower hell on an enemy.

The Indian P8-Is will be integrated with the Indian Navy and IAF assets, including fighters, AWACS and ground stations, thanks to net-centricity. Both the Navy and IAF fly Mig 29s for instance, and in the recent years, all the three services are approaching war-fighting with an emphasis on jointness.

The three services periodically hold joint exercises, and one such is due between the Indian Navy and IAF around March. Once the P8-I start arriving from mid-2013 onwards, there would be more exercises.

Meanwhile, the infrastructure to operate the P8-Is is being built at INS Rajali at Arakkonam Naval Air Station in Tamil Nadu, from where the aircraft can easily fly towards the Bay of Bengal or the Arabian Sea. All the 12 aircraft will be based there.

Notably, unlike the earlier aircraft used for maritime reconnaissance and attack role, the four-engined Il-38 and Tu 142 which the Indian Navy has, or the Orion P3C which the US Navy has been flying so far, the P8-I is a jet with jet speed. Its two CFM 56 engines have, however, been tweaked to allow it to fly slow, and low above water.

The acquisition of the P8-I has brought to the Indian Navy some of the most sophisticated radar and other systems, particularly Raytheon’s AN/APY-10 multi-mission surface search radar with a range of 200-400 km. This forward-looking Synthetic Aperture Radar (SAR) with 240 degree coverage is built on the technology of the famed AESA (Active Electronically Scanned Array) radar that the (IAF) wants on all its combat aircraft, beginning with the Multi Role Combat Aircraft (MRCA) being negotiated now.

To ensure 360 degree scanning however, the Indian Navy has got an aft radar from US Telephonics for rear coverage.

The US Navy aircraft do not need aft radars as there are several US surveillance assets, including aircraft and satellites, in the sky at any time. The P-8A however is primarily meant to function in alignment with the unmanned Broad Area Maritime Surveillance (BAMS) aircraft (designated MQ-4C Triton), which is still under development by Northrop Grumman.

The P8-I has some systems supplied by Indian companies to make its communications secure and compatible with Indian naval and air assets.

They include Data Link II (communication system) from Bharat Electronics, IFF (Identify Friend or Foe system) transponder from HAL (Hindustan Aeronautics Ltd), speech secrecy system from ECIL (Electronics Corporation of India Ltd) and mobile SATCOM (satellite communication system) from Avantel. All the P8-Is, as well as other navy aircraft now have net-centric capabilities and interoperability with IAF aircraft and ground stations.

India received the first P8-I when Cmde Alok Bhatnagar, naval attache at the Indian embassy in Washington and other Indian Navy officers received it on-site in Seattle in accordance with the contract awarded in 2009.

Indian naval pilots, systems operators and technicians, some of whom have been stationed there to monitor the progress of the project and some others, will now conduct test and training flights with US Navy assistance before this aircraft is brought home.

India will receive two more fully-equipped P-8Is within 2013, and all the eight by 2015.

A Boeing statement said that the manufacturing programme is progressing on schedule, and that Boeing is already assembling the fourth and fifth P-8Is.

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News Network
March 6,2020

New Delhi, Mar 6: Shares of YES Bank and State Bank of India came under huge selling pressure on Friday as developments unfolded regarding SBI picking stake in the private lender. Shares of the lender hit record low of Rs 5.55, plunging 85 per cent, and were trading below its previous low of Rs 8.16 hit on March 9, 2009.

SBI, on the other hand, slumped 11 per cent to Rs 257.35 on the BSE. The benchmark S&P BSE Sensex was trading with a cut of over 3 per cent at 37,251.37 level.

In the past three months, share price of the private lender has plunged 41 per cent, while the state-owned lender has slipped 14 per cent. In comparison, the S&P BSE Sensex has dipped 5.6 per cent till Thursday.

On Thursday, the Reserve Bank of India superseded the board of troubled private sector lender YES Bank and imposed a 30-day moratorium on it “in the absence of a credible revival plan” amid a “serious deterioration” in its financial health.

During the moratorium, which came into effect from 6 pm on Thursday, YES Bank will not be allowed to grant or renew any loans, and “incur any liability”, except for payment towards employees’ salaries, rent, taxes and legal expenses, among others.

This is the first time that a bank of this size will be put under a moratorium by the RBI.

“The financial position of YES Bank had undergone a steady decline “largely due to inability of the bank to raise capital to address potential loan losses and resultant downgrades, triggering invocation of bond covenants by investors, and withdrawal of deposits,” RBI said in a statement.

“After the moratorium, the next step will be to infuse to money and keep the bank afloat. So from shareholders’ point of view, the future is certainly hazy as the capital requirement is huge. The good part, however, is that the RBI has stepped in and depositors don't have to worry,” says Siddharth Purohit, a research analyst at SMC Securities.

Meanwhile, analysts at Nomura believe that placing the Bank under moratorium implies that equity value in the bank would be negligible, and that the chances of private capital participating in future capital raising plan are near zero.

"Any resolution for Yes Bank is more proposed from the perspective of deposit holders and systemic stability, and not from the perspective of Yes Bank equity investors or even perpetual bond holders," they wrote in a note dated March 6.

In another development, SBI’s Board Thursday gave in-principle approval to consider an “investment opportunity” in YES Bank, even as it said “no decision had yet been taken to pick up stake in the bank”.

According to a  report, highly-placed sources indicated a rescue plan involving SBI and Life Insurance Corporation of India (LIC) was being discussed and an announcement in this regard might be made soon.

“While the finer details of the deal are being worked out, it is anticipated that both SBI and LIC together will take a 51 per cent stake in the bank, with a one-year lock-in period,” the report said.

Most analysts believe it is a positive step for the Indian financial sector as the government has tried to avoid a repeat of IL&FS-like crisis.

“The move is a positive step for the financial sector as a whole. By this, the government has tried to avoid a repeat of IL&FS-like crisis and has saved the depositors,” said AK Prabhakar, Head of Research at IDBI Capital. While we know that YES Bank has a huge pile of bad loans, SBI is the only bank that has the capacity to absorb it, he added.

However, the valuation at which YES bank would be taken over remains a cause of concern.

Global brokerage firm JP Morgan Thursday cut its target price for YES Bank on Thursday to Rs 1 per share, taking into account the potential fall in the lender’s net worth due to stressed assets.

“We believe forced bailout investors will likely want the bank to be acquired at near-zero value to account for risks associated with the stress book and likely loss of deposits. We think the bank will need to be recapitalised at nominal equity value and could test dilution of additional tier 1 (AT1) capital. We remain underweight and cut our target price to Rs 1 as we believe net worth is largely impaired,” JP Morgan said in a note.

Global brokerage firm Nomura estimates a need of Rs 25,000-44,000 crore and adjusted for Rs 7,400 crore of current coverage, if the current stress of Rs 65,000-70,000 crore faces 70 per cent loss given default (LGD).

"It implies Rs 18,000-37,000 crore needed for provisioning against the current net worth of Rs 25,700 crore Also, to run as going concern, the bank would require over Rs 20,000 crore of CET-1 capital as well," the note said.

YES Bank has registered slippages of Rs 12,000 crore so far in FY20, while it has placed Rs 30,000 crore of loan assets under the watch list. Its deposits stood at Rs 2.09 trillion on September 30, 2019, while its advances totalled Rs 2.24 trillion. The bank has delayed publishing its December quarter results by a month to March 14.

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News Network
March 9,2020

New Delhi, Mar 9: The Delhi Police Special Cell on Monday arrested a PFI member Danish from UP''s Moradabad for allegedly spreading fake propaganda during anti- CAA protests.

"Danish was the head of the Counter Intelligence Wing of PFI and has been actively participating in the anti-CAA protest across the city," sources in the Delhi Police Special Cell said.

Sources further claimed that his arrest has given clues regarding the Information war by the Popular Front of India (PFI).

The FIR related to the protest was filed by the Crime Branch but since the larger conspiracy regarding the Delhi riots is being probed by the Cell, the matter has been transferred to them.

Delhi Police Special Cell had on Sunday arrested a Kashmiri couple from Okhla for alleged links with Islamic State (IS) Khorasan module.

The couple have been identified as Jahanjeb Sami (husband) and Hinda Bashir Beg (wife). The police have seized some objectionable material from them and were interrogating them.

When asked about the couple, the sources said, "Officers of CERT-In are analysing the Eight Mobile phones and Laptop of the couple to question them further."

The couple being an active member of ISJ&K was operating from the Valley but later shifted their base to Delhi post internet clampdown.

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News Network
June 17,2020

New Delhi, 17: Tensions on the Indo-China border have spiked to the highest since 1962 after over 20 troops, including an Indian commanding officer, were killed in the face-off in Galwan valley that has seen a six-week long standoff underway with the Peoples Liberation Army.

The Army said that the soldiers – including the Commanding Officer of 16 Bihar regiment in charge of the area – died while a `de-escalation process’ was underway. Sources said that this death toll could rise up as some soldiers are currently not accounted for after PLA troops attacked with spiked sticks and stones in the Galwan valley.

Chinese side also has casualties but the number is still not known. The Indian death toll is perhaps the worst single day loss in decades and has come at a time when thousands of troops are forward deployed in Eastern Ladakh.

ET was the first to report on May 12 about a massive troop build up in the Galwan valley, which is an old flashpoint that had seen action in the 1962 war as well.

There have been reports of casualties on the Chinese side in the clash but numbers are currently not available. Worryingly, information from the ground suggests that several Indian soldiers, including four officers, are missing and could have been taken captive by a vastly larger Chinese force. Their status is still not known.

“During the de-escalation process underway in the Galwan Valley, a violent face-off took place yesterday night with casualties. The loss of lives on the Indian side includes an officer and two soldiers. Senior military officials of the two sides are currently meeting at the venue to defuse the situation,” an Indian Army statement reads.

The Ministry of External Affairs said that the clash occurred when the Chinese side violated the LAC. “On the late-evening and night of 15th June, 2020 a violent face-off happened as a result of an attempt by the Chinese side to unilaterally change the status quo there. Both sides suffered casualties that could have been avoided had the agreement at the higher level been scrupulously followed by the Chinese side,” a statement reads.

The loss of the Commanding Officer is especially devastating and he had been directly involved in de-escalation talks with the Chinese side, including one hours before the clash took place. Sources said that the talks on Monday morning had led to an agreement for Chinese forces to withdraw from Indian territory as part of the disengagement.

According to one version, the CO had gone to the standoff point with a party of 50 men to check if the Chinese had retreated as promised. As the Indian side proceeded to demolish and burn illegal Chinese structures on its side of the LAC, including an observation post constructed on the South bank of the river, a fresh stand off took place as a large force of Chinese troops returned back.

Sources said that a Chinese force in excess of 250 quickly assembled near Patrol Point 14 and were physically stopped by Indian soldiers from entering Indian territory. Soldiers from both sides did not use firearms but the Chinese soldiers carried spiked sticks to attack.

Given the terrain of the region, a part of the standoff and clash took place in the middle of the Galwan river that is currently flowing at full spate, leading to high casualties as injured soldiers got swept away. Indian soldiers have to cross the Galwan river at atleast five points to reach PP 14, which marks the LAC.

Chinese media reports on Tuesday quoted the spokesperson from its Western Theatre Command as laying claim over the Galwan valley region and blaming the Indian side for the clash. Reports quoted Col Zhang Shuili as saying that India has violated the consensus made during Army commander level talks.

As reported, Galwan river area has a painful history with China, with Peoples Liberation Army (PLA) soldiers surrounding a freshly set up Indian Army post in July 1962, in what would be one of the early triggers to the Sino-Indian war. At an Army post that was overrun at Galwan, 33 Indian soldiers were killed and several dozen taken captive in 1962.

In the past, the Doklam crisis in 2017 saw tensions building up along the Pangong Tso lake as well with soldiers engaging in a fight with sticks and stones. However, the Eastern Ladakh standoff is of a much more serious nature, with over 6000 Chinese troops lined up with tanks and artillery, faced off with a larger Indian forces. Troop build up has also been reported across the borders in Himachal Pradesh, Uttarakhand, Sikkim and Arunachal.

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