20 yrs of Kargil clash: IAF turns Gwalior Air Base into ‘war theatre’, reenacts milestones

Agencies
June 24, 2019

Gwalior, Jun 24: Commemorating 20 years of the Kargil War, the IAF on Monday turned the Gwalior air base virtually into a conflict theatre, with dramatic reenactment of some of the milestones of the operation in 1999.

In a symbolic ‘recreation’ of the Tiger Hill attack in Jammu and Kashmir’s Drass-Kargil area, the air force used the Mirage 2000 aircraft and explosives were blown up on a ‘model hill’ to recreate the crucial events of the war.

The chief guest for the event is Air Chief Marshal BS Dhanoa.

The IAF has planned several activities at the air base to commemorate the 20 years of the war and the symbolic ‘recreation’ of the Tiger Hill attack was one of them.

Five Mirage 2000, two MiG 21s and one Sukoi 30 MKI were on static display at the base.
 
One of the Mirage 2000s showcased the Spice bomb carrier. The bomb was used in the Balakot airstrike in February.

“The Kargil conflict offers an exemplary experience in the use of air power in warfare in high mountains conditions and is key to full understanding of India’s emerging posture,” a senior IAF official said.

Several gallantry award winners, both serving and retired, who had participated in ‘Operation Vijay’, are attending the event.

The Indian armed forces displayed exceptional valour to successfully dislodged the enemy from the strategic hill in the Drass-Kargil area, an official said.

The Mirage-2000 aircraft played a crucial role in the battles fought during the war and also hit enemy targets bunkered in at the Tiger Hill.

During the war, the IAF had conducted operation Safed Sagar as a part of operation Vijay of the army.

A number of events has been planned by the army in Delhi and Dras in Jammu and Kashmir next month to mark the 20th anniversary of the ‘Kargil Vijay Diwas’, officials had earlier said.

The anniversary celebrations for this year will be spread over three days from July 25-27.

“However, as part of the build up to the main event, numerous activities have been planned to be organised all over the country from the first week of July,” an official said.

The celebrations in the national capital will begin on July 14 with the illumination of a ‘Victory Flame’ from the National War Memorial in Delhi, which would traverse through 11 towns and cities to finally culminate at Dras where it will be merged with the eternal flame at the ‘Kargil War Memorial’, he said.

The objective of these celebrations is to evoke feeling of patriotism through nationwide campaigns especially amongst youth and to pay homage to the valiant soldiers.

“The Kargil War will always be remembered for its strategic and tactical surprises, the self-imposed national strategy of restraint in keeping the war limited to Kargil-Siachen sectors, and the swiftly executed tri-services military strategy and plans,” the Army had said.

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News Network
January 21,2020

Jan 21: Indian policymakers may make it easier for companies to tap foreign funding, as a prolonged cash squeeze makes it tough for firms to borrow at home.

Investors are speculating about potential steps Finance Minister Nirmala Sitharaman could unveil when she presents the nation’s budget on Feb. 1. These measures may include freeing up firms to borrow at higher rates and offering tax breaks to global funds.

“The government will need to relax local rules to make it easier for Indian companies to raise debt overseas and tide over the funding crunch in the onshore market,” said Raj Kothari, London-based head of trading at Jay Capital Ltd. “At the same time, they need to ensure that the borrowers tapping offshore markets abide with stricter corporate governance so as to avoid further defaults.”

A prolonged crisis in India’s shadow bank sector and a pile of bad loans at traditional lenders is making it expensive for Indian companies, other than the best-rated firms, to access funding. The government has tried a series of measures to spur domestic credit, including providing so-called credit enhancement and allowing tiny firms to restructure debt.

Here are some steps Sitharaman may consider to spur foreign borrowing:

• She could raise the cap of 450 basis points above Libor, which limits overall foreign debt costs for Indian companies

• This could help lower-rated firms sell bonds abroad. Indian companies rated BBB currently borrow at more than 10%, about 3.8 percentage points more than their top-rated peers;

• Sitharaman could waive the withholding tax foreign investors need to pay on holdings of rupee-denominated debt sold by Indian companies abroad

• The waiver was offered between September 2018 to March 2019, but wasn’t extended as the highest global interest rates since the financial crisis deterred Indian borrowers. Since then, the three-month Libor has dropped by about 1 percentage point

• She could permit Indian property developers and housing finance lenders to sell overseas bonds for reasons beyond affordable housing projects

• New funding lines to the real estate sector, arguably ground zero of India’s economic slowdown, could help kickstart consumption and investment as the industry is the nation’s biggest job-creator.

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News Network
May 10,2020

Thiruvananthapuram , May 10: Issuing latest order in view of coronavirus outbreak, the Kerala government has ordered complete shut down on all Sundays.

"With a view to prevent the spread of COVID-19, improve the quality of life, reduce the carbon emissions, protect the environment and greenery of the State, the following protocol would be observed on Sundays across the State. Sundays will be observed as total shut down days until further orders," the order read.

Following activities will be permissible on Sundays:

A) Shops selling essential items

B) Collection and distribution of milk

C) Supply of Newspaper, media, hospitals, medical stores, medical labs and related institutions

D) No social gathering is permitted except for marriages and funerals

E) Departments, agencies and activities connected with the containment of COVID-19

F) Movement of goods vehicles

G) Agencies in the field of waste disposal

H) All manufacturing and processing activities of continuous nature and ongoing construction activities will be permitted

I) Take away counters of the hotel from 8 a.m to 9 p.m, online delivery up to 10 pm

J) Walking and cycling will be permitted.

K) In addition, the following roads mentioned in Annexure will be closed for motorised traffic except for movement of essential goods and emergency vehicles from 5 am to 10 am. During this time, non-motorised traffic such as walking and cycling will be permitted.

L) Movement of persons on Sundays are allowed only for health emergencies, Government servants on emergency duties and persons engaged in activities connected with Covid-19 containment, persons involved in the activities from (a) to (k) above, priests and other religious persons responsible for conducting rituals in worship places.

M) Any other movement of persons, if any in exigencies, shall only be with the travel passes obtained from District Collector or Police authorities concerned.

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News Network
March 26,2020

New Delhi, Mar 26: Ujjwala beneficiaries will get free gas cylinders (LPG cylinders) in the next three months, Finance Minister Nirmala Sitharaman announced on Thursday. Addressing a press briefing amid coronavirus pandemic, the finance minister said the announcement is set to benefit 8.3 crore BPL families. 

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