India sets ball rolling for Rs 13,000 crore Air Force deal

May 10, 2013

Air_ForceNew Delhi, May 10: India has set the ball rolling for another mega defence deal by floating the global tender for over Rs 13,000-crore acquisition of 56 transport aircraft to replace the ageing Avro fleet of the Indian Air Force.

The tender, or request for proposal (RFP), was issued to eight aviation majors, including Embraer, Lockheed Martin and Airbus, on Wednesday. In the first such move to get Indian private companies to enter the military aviation sector, the RFP specifies that while 16 aircraft will be bought off-the-shelf from the foreign vendor, the remaining 40 will be manufactured in India by a private Indian Production Agency (IPA).

The foreign aviation company will select the IPA based on qualification criteria for the IPA stipulated in the RFP. Defence PSU Hindustan Aeronautics Ltd, which dominates the Indian military aviation sector and is overburdened with fighter, helicopter and other projects, is being kept out of the project.

IAF chief Air Chief Marshal Norman Anil Kumar Browne had earlier held that IAF was keen to exploit the Indian private industry for the programme to replace ageing Avro aircraft.

On Thursday, a defence ministry official said, "The project ensures inflow of production technology to the IPA in phases wherein the value addition in the manufacture by the IPA will gradually increase from 30% to 60%." "The IPA will also obtain the transfer of technology for maintenance, which will allow it to provide life time product support and maintenance up to the depot level. The project is aimed to provide the Indian private sector a unique opportunity to enter and enhance their traction in the Aerospace sector," he added.

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January 23,2020

Patna, Jan 23: "They should go wherever they want," Bihar Chief Minister and JDU supremo Nitish Kumar said on Thursday when asked of Prashant Kishor and Pavan Verma's repeated questions about the party's stand's on the newly enacted Citizenship Act.

"It is their personal decision. They should go wherever they want. We don't have an objection. Don't look at JDU in the context of statements by some people. JDU works with determination. We have a clear stand and don't have any confusion," the Chief Minister told reporters here.

"If they have something to tell, they should come and discuss it within the party. They should go wherever they want. They have my good wishes," he said.

JDU spokesperson and national general secretary Pavan Verma has questioned his party's alliance with the BJP in Delhi Assembly polls while Kishor has more than once made his differences with the party known on the issue of the amended Citizenship Act, and National Register of Citizens.

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News Network
March 6,2020

Mumbai, Mar 6: Harried Yes Bank depositors rushed to ATMs to withdraw cash but faced multitude of problems including closed down machines and long queues, after the RBI placed the bank under a moratorium, capping maximum withdrawals at Rs 50,000 per account for a month.

Aggravating the problems of depositors were difficulties accessing the internet banking channel, which ensured that they can't transfer the funds online as well. At an ATM in south Mumbai's Horniman Circle, with the RBI headquarters overlooking it, the shutters were pulled down.

The guard on duty said the machine was non-operational before he reported to work late in the evening and he was ordered to shut it after 2200 hrs. In the residential area of suburban Chembur, one ATM was dispensing cash but had a long queue of anxious depositors.

One man said it was still possible to withdraw up to Rs 50,000 in multiple transactions from the machine.

However, another machine nearby had run dry within minutes of the RBI announcement, a woman said.

The regulatory actions, undertaken by the RBI and the government, came hours after finance ministry sources confirmed that SBI was directed to bail out the troubled lender.

For the next month, Yes Bank will be led by the RBI-appointed administrator Prashant Kumar, an ex-chief financial officer of SBI.

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January 18,2020

New Delhi, Jan 18: The Supreme Court Friday refused to entertain a PIL seeking conferment of 'Bharat Ratna' on Mahatma Gandhi saying that people hold the father of the nation in “high esteem”, beyond any formal recognition.

A bench, comprising Chief Justice S A Bobde and justices B R Gavai and Surya Kant, however asked petitioner Anil Dutta Sharma to give representation to the central government in this regard.

“Mahatma Gandhi is the father of nation and people hold him in high esteem, beyond any formal recognition,” the bench said.

The issue of directing the government to award Bharat Ratna to the father of the nation was not a “justiciable issue”, it said.

The bench however said that it agreed with the sentiments of the petitioner for granting official decoration to Mahatma Gandhi.

Disposing of the petition, the top court said, “We will allow you to give a representation to the Centre in this regard.”

Sharma, in his PIL, had sought a direction to the government to give “official decoration” to Mahatma Gandhi to honour him for the contribution to the nation.

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