House panel summons defence chiefs

April 10, 2012

New Delhi, April 10: The three defence service chiefs have been summoned by the Parliamentary Standing Committee on Defence, which asked them to appear before it and apprise on the level of the armed forces’ preparedness in case of an enemy attack.

The three chiefs may appear before the panel on April 20, though the date may be changed to ensure their presence.

The committee took this unprecedented step after Army Chief Gen V K Singh's letter to Prime Minister Manmohan Singh, depicting the sorry state of affairs in the Army, found its way to the media.

tank

New Delhi, April 10: The House panel on Monday took the decision of calling the chiefs after it heard Defence Secretary Shashi Kant Sharma, who clarified the government's stand on a newspaper report on the movement of two Army units towards the national capital on the same day when Gen Singh moved the Supreme Court challenging the government's stand on his date of birth controversy.

The Army does not need the government's permission to move units, Sharma reportedly informed the committee headed by Congress member Satpal Maharaj. The defence secretary said that the inference drawn in the report – an attempt to stage a coup or muscle flexing by the Army – was completely wrong. Sharma underlined that no standard operating procedures were violated by the Army.

The media report was “misleading” and drew “wrong inferences,” she added. While a some MPs wanted more details, many wanted a closure of the controversy as it dealt with the Army.

Quizzed by the Parliamentarians on the involvement of retired officers in arms deals, Sharma suggested a moratorium of five years for service officers before they were allowed to take up a job in the private sector, BJP MP Uday Singh, who attended the meeting, told Deccan Herald. The MPs wondered why the Defence ministry lowered the cool-off period for service officers from two years previously to one year, which is in vogue at the moment. The Army Chief claimed recently that a retired Lt Gen offered him a bribe of Rs 14 crore to clear a tranche of sub-standard vehicles.

Besides the defence secretary, the House panel also heard Vice-Chief of the Army Lt Gen S K Singh and officials from the Indian Air Force, Defence Research and Development Organisation and Bharat Earth Movers Ltd, to understand the status of preparedness of the armed forces as the committee was discussing the budgetary proposals for defence. Last month the Centre increased the military budget by 17.63 per cent aiming to improve border infrastructure, purchase new equipment and raise new forces. The rise is possibly the highest since Kargil conflicts.

Munition shortage

Deposing before the panel, the Army vice-chief said the force was facing a shortage of certain anti-tank munitions - an issue flagged by the Army chief in his letter. Though there were reports that tank ammunition might be exhausted in 20 days due to poor reserve rather than the buffer period of 40 days, there was no official confirmation on the extent of shortage.

Following the vice-chief's deposition, the committee decided to call all three service chiefs for an ‘interaction’ which may lead to a separate report on defence preparedness, a member said.

This is an extraordinary step as in the recent past, the three service chiefs have appeared before a House panel only once. In January, 2011, the Army and IAF chiefs and the Navy vice-chief appeared before the Public Accounts Committee when it was examining a CAG report on ration supply to soldiers. BEML chief V R S Natarajan informed the panel that the company dealt with the original manufacturer of Tatra trucks and not an agent. All standard processes were followed.

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News Network
June 17,2020

New Delhi, Jun 17: With an increase of 10,974 new cases and 2,003 deaths in the last 24 hours, India's COVID-19 count reached 3,54,065 on Wednesday while the toll due to the virus stands at 11,903.

This includes 1,55,227 active cases and 1,86,935 cured, discharged and migrated patients, according to the Union Health Ministry.

While the spike in the number of cases has stayed below the 11-thousand mark, the death toll has increased manifold today as compared to the 380 death reported on Tuesday.

Maharashtra with 1,13,445 cases continues to be the worst-affected state in the country with 50,057 active cases while 57,851 patients have been cured and discharged in the state so far. The toll due to COVID-19 has crossed the five thousand mark and reached 5,537 in the state.

It is followed by Tamil Nadu with 48,019 and the national capital with 44,688 confirmed cases.

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News Network
June 4,2020

New Delhi, Jun 4: India on Thursday witnessed a record single-day spike of 9,304 coronavirus cases taking the country's tally to 2,16,919, according to the Union Ministry of Health and Family Welfare.

The ministry informed that 260 more deaths due to coronavirus were reported in the last 24 hours.

The total number of cases in the country now stands at 2,16,919 including 1,06,737 active cases, 1,04,107 cured/discharged/migrated and 6,075 deaths.

Maharashtra has so far reported 74,860 cases, more than any other state in the country.

In Tamil Nadu, 25,872 cases have been detected so far while Delhi has reported 23,645 coronavirus cases.

According to the Indian Council of Medical Research (ICMR), 1,39,485 samples were tested in the last 24 hours whereas 42,42,718 samples have been tested till date.

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Agencies
June 2,2020

Singapore, Jun 2: Moody's Investors Service on Tuesday downgraded 11 Indian banks along with as many non-financial companies and infrastructure majors besides four government-related issuers following a downgrade of the Indian government's issuer rating to Baa3 from Baa2 with a negative outlook.

The rapid and widening spread of the coronavirus outbreak, deteriorating global economic outlook, volatile oil prices and asset price declines are creating a severe and extensive credit shock across many sectors, regions and markets, said Moody's.

The Indian banking sector has been affected given the disruptions to India's economic activity from the coronavirus outbreak, which is weakening borrowers' credit profiles, it added.

The 11 lenders include Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Export-Import Bank of India, HDFC Bank, Indian Overseas Bank, IndusInd Bank, Punjab National Bank, State Bank of India and Union Bank of India.

The 11 non-finance companies are Oil and Natural Gas Corporation, Hindustan Petroleum Corporation, Oil India, Indian Oil Corporation, Bharat Petroleum Corporation, Petronet LNG, Tata Consultancy Services, Infosys, Reliance Industries, UPL Corporation and Genpact.

The 11 infrastructure companies are NTPC, NHPC, National Highways Authority of India, Power Grid Corporation, Gail India, Adani Green Energy Restricted Group (RG-2), Adani Transmission Restricted Group, Adani Ports and Special Economic Zone, Adani Transmission, Adani Electricity Mumbai and Azure Power Solar Energy.

The four Indian government-related issuers are Indian Railway Finance Corporation, Housing and Urban Development Corporation, Power Finance Corporation and REC Ltd.

"Government-related issuers in India have been affected because of disruptions to India's economy which will weaken borrowers' credit profiles," said Moody's.

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