Pakistan, US on Back Foot as Putin Visits India Today to Seal Arms Deal worth Billions

Agencies
October 4, 2018

New Delhi, Oct 4: Russian President Vladimir Putin headed for India on Thursday, looking to tie up billions of dollars in arms deals with Prime Minister Narendra Modi, likely irking the US, China and Pakistan in one fell swoop.

The Kremlin said before the two-day visit by Putin and top Russian ministers that the "key feature" would be the signing of a $5-billion deal for the S-400 air defence system, despite the risk of US sanctions against countries buying Russian defence kit.

On the eve of Putin's arrival later on Thursday, the United States poured cold water on India's efforts to obtain a waiver to avoid sanctions under legislation called Countering America's Adversaries Through Sanctions Act (CAATSA). Upgrades in arms systems "including the S-400 air and missile defense system" would be a particular focus for CAATSA, a US State Department spokesperson was quoted as saying.

Last month Washington slapped financial sanctions on the Chinese military for buying Russian Sukhoi Su-35 fighter jets — and the S-400.

However, the US is in a difficult position when it comes to India. It wants to bolster ties with New Delhi to counter China's growing assertiveness, something that has also rattled India.

Washington and New Delhi announced plans last month for joint military drills in 2019, and agreed on the exchange of sensitive military information. The US is now India's second biggest arms supplier. But Russia remains number one, and a string of new deals with the Asian giant would be a major win for Moscow -- and a big snub to the US.

Putin and Modi, who appear to enjoy a personal rapport, are also likely to discuss a deal for four Krivak-class frigates worth $2 billion and 200 light utility Ka-226 helicopters pegged at $1 billion. "It's about time we showed that we are not going to be pushed around by Washington," R.R. Subramanian, a Delhi-based strategic affairs analyst, said.

Experts say India needs the sophisticated S-400 to fill critical gaps in its defence capabilities, in view of China's rise and perceived threats from Pakistan, against whom India has fought three wars.

Indian Air Force Chief Birender Singh Dhanoa said on Wednesday that the S-400, and the 36 Rafale fighter jets purchased from France — a 2016 deal mired in political controversy — represent a "booster dose" for the country.

Last year, India and China had a military standoff over a Himalayan plateau claimed by Beijing and Bhutan, a close ally of India. China has also perturbed India by loaning vast amounts of money to countries such as Sri Lanka where it has long held sway.

Putin, 65, and Modi, 68, are also set to discuss a possible second Russian-built nuclear power plant. Moscow is currently expanding India's biggest nuclear power plant in Kudankulam. Also on the agenda is Russian training for Indian astronauts as New Delhi aims to launch its first crewed space mission in 2022.

Rakesh Sharma, the only Indian to travel in space, did so on a Soviet spacecraft in 1984. But military kit is the main focus.

India is the world's biggest arms importer and is undergoing a $100-billion upgrade of its ageing hardware, much of it of Soviet vintage including MiG jets that have frequently crashed in the Indian countryside.

Russia and India have had warm ties since Stalin died in 1953. But annual Russia-India trade has slipped below $10 billion since 2014, as Modi cultivated closer diplomatic and economic ties with Washington, while Russia has courted Pakistan and China.

Ties received a boost last year when Modi and Putin held a fruitful annual bilateral summit, followed by meetings in Astana and at the G20 in Germany. They also met in Sochi this year. On the strategic front, Russia helped India become a full member of the Shanghai Cooperation Organisation this year and has backed New Delhi's long-held demand for a permanent UN Security Council seat.

Moscow is also pushing for India's entry into the Nuclear Suppliers Group of countries controlling access to nuclear technology.

Afghanistan though has been a sticking point, experts say, where Moscow wants to engage Taliban in the peace process — a prospect unacceptable to India.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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News Network
May 28,2020

Pulwama, May 28: A major incident of a vehicle-borne IED blast was averted by the timely input and action by Pulwama Police, Central Reserve Police Force (CRPF) and Army, the Jammu and Kashmir Police said.

According to sources, Pulwama Police got credible information last night about a terrorist moving with an explosive-laden car ready to blast at some location. They took out various parties of police and security forces and covered all possible routes keeping themselves and the police and security forces away from the road at safer locations.

The suspected vehicle came and a few rounds were fired towards it. A little ahead this vehicle was abandoned and the driver escaped in the darkness. On close look, the vehicle was seen to be carrying heavy explosives in a drum on the rear seat. Possibly more explosive would be fitted elsewhere in the vehicle, sources added.

The vehicle was kept under watch for the night. People in nearby houses were evacuated and the vehicle exploded in situ by the Bomb Disposal Squad as moving the vehicle would have involved serious threat, sources said.

The vehicle reportedly sports a number plate of a scooter registered somewhere in Kathua district of Jammu zone, sources added.

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News Network
June 3,2020

New Delhi, Jun 3: Over 1 lakh scanned copies of Indians' national IDs, including Aadhaar, PAN card and passport, have been put on dark web for sale, cyber intelligence firm Cyble said on Wednesday.

The leaked data seems to have originated from a third party and not from the government system, according to a report by Cyble.

"We came across a non-reputed actor who is currently selling over 1 lakh Indian National IDs on the dark net. With such a low reputation, ideally, we would have skipped this; however, the samples shared by the actor intrigued our interest -- and also the volume. The actor is alleged to have access to over 1 lakh IDs from different places in India," Cyble said.

The personal data leaked by cyber criminals leads to various nefarious activities such as identity thefts, scams, and corporate espionage. Many criminals use the personal details in the IDs to win trust of the people over a phone call for fraudulent activities.

Cyber criminals leak personal data of 2.9 cr job-seeking Indians on dark web for free

The Cyble researchers acquired around 1,000 IDs from the seller and confirmed that the scanned IDs belong to Indians.

"Preliminary analysis suggests that the data originated from a third party, and no indication or artefact is indicating that it came from a government system. At this point, Cyble researchers are still investigating this further -- we are hoping to share an update soon," Cyble said.

The scanned ID documents indicate that the data may have been leaked from a company's data base in the segment where they have to comply with 'Know Your Customer' (KYC) norms.

"Cyble researchers have also learned about a surge in KYC and banking scams -- leaks such as this are often used by scammers to target individuals, especially elderlies," Cyble said.

The cyber intelligence firm has recommended people to refrain from sharing personal information especially financial information over phone, e-mail or SMS.

"Regularly monitor your financial transaction, if you notice any suspicious transaction, contact your bank immediately," the company said.

In May, Cyble showed two instances where personal data of 7.65 crore Indians have been put on sale in the dark web. In one instance, the seller claimed to have sourced data of 4.75 crore Indians from online directory Truecaller and in other, the seller claimed to have sourced from job websites.

Truecaller, however, had denied the claim of breach in its database.

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