Trump admin asked to push for F-16 sale to India

March 25, 2017

Washington, Mar 25: Two top Senators have urged the Trump administration to push for the sale of F-16 fighter jets to India to build its capability to counter security threats and balance China's growing military power in the Pacific.f16

Senators Mark Warner from Virginia and John Cornyn from Texa in a joint letter to US Defence Secretary James Mattis and Secretary of State Rex Tillerson said, the Trump administration must make the fighter jet acquisition a priority during initial bilateral discussions with India.

India has launched an effort to expand its combat aircraft fleet and the competition has reportedly narrowed down to Lockheed's F-16 and Saab's Gripen. Noting that the last F-16 for the US Air Force rolled off the production line in Fort Worth in 1999, the two Senators said India remains the only major F-16 prospect customer.

"A primary factor in India's decision will be compliance with Prime Minister Modi's 'Make in India' initiative, which will require establishing some level of local production capacity," Warner and Cornyn wrote.

"Given the strategic significance of India selecting a US aircraft as the mainstay for its future Air Force and the potential for a decision this year, we ask that the administration make the fighter acquisition a priority during initial bilateral discussions," they said.

Warner, who is a Democrat and Cornyn from the Republican Party are the co-chairs of the influential Senate India caucus, the only country specific caucus in the US Senate. "We urge you to weigh in forcefully with the White House on the strategic significance of this deal, both to America's defence industrial base and to our growing security partnership with India," said the letter dated March 23.

Making a strong case for the sale of F-16s to India, the two Senators said this would represent a historic win for America that will deepen the US-India strategic defence relationship and cement cooperation between our two countries for decades to come.

"It would increase interoperability with a key partner and dominant power in South Asia, build India's capability to counter threat from the north, and balance China's growing military capability in the Pacific," they said.

India, they said, increasingly serves as an integral partner in the United States' security architecture in the volatile South Asia region, helping to protect our joint interests and deter common threats, and has emerged as a critical trading partner, they noted.

As such "it is in our national interest to work with India to progress democratic principles through regional security partnership and burden sharing," they said. "To this end, we support the co-production of our legacy F-16 aircraft in India to help sustain the United States' current fleet of aircraft and aid a critical Indian security need with a proven American product," Cornyn and Warner wrote.

The competition for the fighter jets, they wrote, presents an opportunity to solidify and strengthen the significant gains made in the bilateral US-India defence relationship over the two previous administrations, they said.

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News Network
June 22,2020

Geneva, Jun 22: The global count of coronavirus cases has surpassed 8.7 million, with 183,020 new cases recorded on Sunday, the World Health Organisation said in its daily situation report.

Over the last 24 hours, 4,743 people died from COVID-19 worldwide, taking the death toll to 461,715 fatalities, according to the report.

The cumulative global toll of confirmed cases has now reached 8,708,008, as stated in the report.

The WHO Regional Director for Europe, Dr Hans Henri P. Kluge, shared that Europe accounts for 31 per cent of COVID-19 cases and 43 per cent of COVID-19 deaths globally.

Dr Kluge highlighted that several countries continue to face increasing disease incidence and that "preparing for the autumn is a priority now at the WHO Regional Office for Europe"

The United States continues to be worst affected by the contagion with the highest count of cases and fatalities -- 2.2 million and 118,895, respectively.

The novel coronavirus was declared a pandemic by WHO on March 11.

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Agencies
February 16,2020

Wuhan, Feb 16: The death toll from China's coronavirus epidemic has climbed to 1,665 after 142 more people died, mostly in the worst-hit Hubei Province, and the confirmed cases jumped to 68,500, officials said on Sunday, as top WHO experts scramble to assist Beijing contain the virus spread.

China's National Health Commission confirmed 2,009 new cases across the country.

Hubei and its provincial capital Wuhan, where the virus first emerged in December, reported 1,843 of the new cases. The latest report brought the total confirmed cases in Hubei to 56,249 cases.

Of the new deaths, 139 were in Hubei, two in Sichuan, and one in Hunan, the state-run Xinhua news agency reported.

The number of new cases, however, appears to have started dropping and a top Chinese health official has said efforts to control the outbreak have reached the “most crucial stage".

The report said 9,419 infected patients had been discharged from hospital after recovery so far.

The coronavirus has posed a severe threat to the medical staff as more than 1,700 Chinese health officials have been infected by the virus while treating the patients and six of them have died.

Experts from the World Health Organisation are expected in Beijing on Sunday to join Chinese health authorities in containing the virus, which has spread to several other countries forcing them to temporarily stop tourist arrivals from China.

The health commission said a joint mission with WHO experts will pay field visits to China's three provincial-level regions to learn the effectiveness of the epidemic control measures.

One task of the mission will be to come up with standard medicine to cure the disease, according to the health commission.

Several antiviral drugs are under clinical trials and Chinese researchers have narrowed down their focus to a few existing drugs, including Chloroquine Phosphate, Favipiravir and Remdesivir, said Zhang Xinmin, director of the China National Centre for Biotechnology Development.

Experts have asked people to frequently wash hands and face, and wear masks.

Authorities have begun quarantining large quantity of bank notes and coins in the affected areas and sanitising them with UV light before releasing them back into circulation to stop the virus from spreading.

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News Network
June 25,2020

Jun 25: Tencent Holdings Ltd.'s $40 billion surge this week and the recent ascent of Pinduoduo Inc. have reshuffled the ranking of China's richest people.

The country's largest game developer has surpassed Alibaba Group Holding Ltd. as Asia's most-valuable company, with its shares rising above HK$500 in intraday trading Wednesday for the first time. Pinduoduo, a Groupon-like shopping app also known as PDD, has more than doubled this year.

The rallies have propelled the wealth of their founders, with an added twist: Tencent's Pony Ma, worth $50 billion, has surpassed Jack Ma's $48 billion fortune, becoming China's richest person. And Colin Huang of PDD, whose net worth stands at $43 billion, has squeezed real estate mogul Hui Ka Yan of China Evergrande Group out of the top three earlier this year, according to the Bloomberg Billionaires Index.

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies. Now tech tycoons are dominating the ranks of China's richest people. They occupy four of the top five spots: Ding Lei of Tencent peer NetEase Inc. follows China Evergrande's Hui.

‘Perform Strongly'

Tencent has come a long way since hitting a low in 2018, when China froze the approval process for new games. Since then, the stock has almost doubled, and last month the tech giant reported a 26 per cent jump in first-quarter revenue.

“Tencent's online games segment will probably perform strongly through the Covid-19 pandemic, and most of its other businesses are relatively unscathed,” said Vey-Sern Ling, a Bloomberg Intelligence analyst.

That has been a boon for Pony Ma, 48, who owns a 7 per cent stake in the company and pocketed about $757 million from selling some 14.6 million of his Tencent shares this year, data complied by Bloomberg show.

The native of China's southern Guangdong province studied computer science at Shenzhen University and was a software developer at a supplier of telecom services and products before co-founding Tencent with four others in the late 1990s. At the time, the company focused on instant-messaging services.

It has been a long comeback for Pony Ma. He overtook real estate tycoon Wang Jianlin as China's second-richest person in 2013 and topped Baidu Inc.'s Robin Li as the wealthiest in early 2014. Later that year, Alibaba went public in the U.S., catapulting Jack Ma's fortune.

Bloomberg Intelligence's Ling notes, however, that Tencent's jump this year has lagged behind some internet peers, especially those in e-commerce, games and online entertainment. Just consider: Tencent shares have climbed 31 per cent in 2020, while PDD's American depositary receipts have more than doubled. Alibaba, meanwhile, has advanced just 6.9 per cent.

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