Rafale deal will bring relief to IAF: Parrikar

April 11, 2015

Panaji, April 11: The deal struck with France for purchase of 36 Rafale fighter jets will bring some relief to the Indian Air Force into which they will be inducted within two years, Defence Minister Manohar Parrikar said today.Manohar Parikkar

He described as "great" India's decision to buy these fighters after talks between Prime Minister Narendra Modi and French President Francois Hollande in Paris yesterday, saying it will go a long way in strengthening the IAF.

"Indian Air Force will get minimum oxygen (relief) it required with this deal...In fact we have not purchased any major new generation aircraft in (last) 17 years.

"It's a great decision taken by Prime Minister Narendra Modi on better terms and conditions. Procuring 36 planes for two squadrons is an extremely positive decision which was needed," Parrikar told reporters here.

Modi had yesterday said in Paris that India will buy 36 Rafale fighter jets in flyaway condition from France at the earliest by "keeping in view the critical operational necessity of fighter aircraft in India."

"The RFP (Request for Proposal) procedure for procuring these aircraft had been dragging on for several years. This was started in 2000 and still it was not getting completed because of a lot of confusion so I am very happy that the PM has taken the initiative," Parrikar said.

He said the fighter jets will be inducted into IAF within a span of two years, adding the ice has been finally broken over the deal.

Parrikar did not give any reasons why it will take up to a maximum of two years for inducting these much-needed fighters into IAF.

Experts feel that time may be needed for further price negotiations and refitting the aircraft in tune with Indian requirements. While the government-to-government negotiations may have ended, the forces may have to fine-tune the deal with the manufacturers Dassault.

Parrikar said after the initial purchase of 36 Rafale aircraft, the country will have more such planes under "Make in India initiative or Rafale kind of mechanism."

The minister said Rafale is the fourth generation aircraft which will add up to the old generation fighter planes like MiG21, MiG27 and Su30 which are currently with India.

"We have old generation aircraft which are upgraded and with limited life. In fact, MiG 21 is at the fag end of its life," he added.

The Defence Minister said Rafale's induction into the IAF may take two years "as 'fly away' does not mean we will get them tomorrow".

"It has to be designed as per India's need," Parrikar said, adding negotiations will be held over their pricing, which are currently valued at Rs 700 crore.

"We need some lighter type of single-engine kind of aircraft, but we also need deep penetration double-engine aircraft which has latest technology and other equipment which can give India a decisive edge over its traditional enemies," the minister said.

He said the purchase of 36 aircraft is for filling in the immediate gap.

Noting that Light Combat aircraft Tejas will undergo final flight testing next month, he said, 'Make In India' is a long-term solution for India's Air Force strength.

"We have to push the development of Tejas and we have to also ensure that we could build some high grade aircraft," Parrikar said.

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Agencies
May 17,2020

New Delhi, May 17: Eight of the 10 most valued domestic firms suffered a combined erosion of Rs 1,37,311.31 crore in market valuation last week, with Reliance Industries (RIL) taking the biggest knock.

Only Bharti Airtel and ITC from the top-10 list managed to close the week with gains.

RIL's market cap plunged Rs 65,232.46 crore to Rs 9,24,855.56 crore.

The market valuation of HDFC Bank declined Rs 22,347.07 crore to Rs 4,87,083.88 crore and that of Hindustan Unilever Limited tanked Rs 13,192.26 crore to Rs 4,77,458.89 crore.

ICICI Bank's market cap dropped Rs 9,770.06 crore to Rs 2,08,900.79 crore.

Infosys witnessed a decline of Rs 9,518.84 crore in valuation to reach Rs 2,77,814.09 crore while that of HDFC tumbled Rs 9,370.38 crore to Rs 2,83,293.70 crore.

The m-cap of Kotak Mahindra Bank slipped by Rs 7,805.2 crore to Rs 2,25,327.22 crore.

Tata Consultancy Services' market valuation dipped Rs 75.04 crore to Rs 7,10,439 crore.

In contrast, Bharti Airtel added Rs 13,147.89 crore to its valuation to stand at Rs 3,02,292.43 crore.

ITC's valuation also rose by Rs 7,744.11 crore to Rs 2,02,330.13 crore.

In the ranking of top-10 firms, RIL retained the number one spot, followed by TCS, HDFC Bank, HUL, Airtel, HDFC, Infosys, Kotak Mahindra Bank, ICICI Bank and ITC.

During the last week, the Sensex declined 544.97 points or 1.72 per cent.

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News Network
February 2,2020

Beijing, Feb 2: India on Sunday temporarily suspended e-visa facility for Chinese travellers and foreigners residing in China in view of the virulent coronavirus that has killed more than 300 people, infected 14,562 others and spread to 25 countries, including India, the US and the UK.

“Due to certain current developments, travel to India on e-visas stands temporarily suspended with immediate effect," the Indian Embassy announced.

“This applies to holders of Chinese passports and applicants of other nationalities residing in the People's Republic of China. Holders of already issued e-visas may note that these are no longer valid," the announcement said.

“All those who have a compelling reason to visit India may contact the Embassy of India in Beijing or the Indian consulates in Shanghai or Guangzhou, as well as the Indian Visa Application Centres in these cities," it said.

On Sunday, India airlifted a second batch of 323 stranded Indians and seven Maldivian citizens from coronavirus-hit Wuhan city, taking the total number of people evacuated to 654.

Air India's jumbo B747 made two flights to Wuhan city - the ground zero of the coronavirus epidemic. In the first flight on early Saturday, 324 Indians were evacuated and on Sunday another 323 Indians and seven Maldivian citizens were flown back.

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dinah
 - 
Friday, 14 Feb 2020

It's not surprising for countries to restrict. it just feels wrong to treat them that way specially those who are not really infected. It could really hurt their feelings.

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News Network
June 26,2020

New Delhi, Jun 26: Petrol prices in the national capital have reached Rs 80.13 per litre on June 26, up by 21 paise from yesterday’s Rs 79.92 per litre; while diesel prices in Delhi also rose to Rs 80.19 per litre – up by 17 paise compared to yesterday’s Rs 80.02 per litre.

This is the 20th consecutive day that fuel prices have been hiked by oil marketing companies (OMCs). The hikes began from June 8 after a 83-day halt on revised pricing during the lockdown period.

The state government’s increased value-added tax (VAT) on diesel since May is causing the fuel’s prices to soar in Delhi. VAT was increased to 30 percent for both petrol and diesel from 27 percent and 16.75 percent, respectively.

Coupled with the Centre’s hiked excise duty of Rs 3 per litre since March 14 and then Rs 10 per litre on petrol and Rs 13 per litre on diesel since May 5 has affected prices.

The hike on diesel prices is unusual, as the government traditionally keeps the price for the fuel low due to its impact on agriculture and other high consumption economic activities.

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