India launches its first indigenous aircraft carrier

August 12, 2013

indigenous_aircraft

Aircraft_carrier

Kochi, Aug 12: India today launched its first indigenous aircraft carrier INS Vikrant, joining the elite club of nations with the capability of designing and building a warship of this size and capability.

Defence Minister A K Antony's wife Elizabeth launched the 37,500-tonne carrier at Kochi shipyard almost four-and-a-half years after its keel was laid by the minister.

"It is a red-letter day for the entire nation and a proud moment for the country which has achieved self-reliance in the field of warship design and construction. Only a few advanced countries have capability to design and build such aircraft carriers," he said in his speech on the occasion.

Antony said this was an "important" first step towards a long journey in the area of warship building for the country. Other nations capable of designing and building a ship of equivalent size are the US, the UK, Russia and France.

The Minister said the Navy's capabilities must be enhanced to ensure that it maintains "high operational preparedness to thwart any likely misadventure against our national interest."

He asked all stakeholders including the builder Cochin Shipyards Limited (CSL) to put collective efforts to ensure that the aircraft carrier is delivered on time, observing that many years were lost in the past due to "lack of coordination".

The launch of warship, which has a length of 260 metres and is 60 metres wide, is behind schedule by three years. It is set to go for extensive trials in 2016 before being inducted into the Navy by 2018 end.

Fighter aircraft--Mig-29K, Light Combat Aircraft and Kamov-31 helicopters--will deployed on board the carrier which will also carry an array of other weapons systems.

INS Vikrant is the second aircraft carrier of the same name. Its predecessor was decommissioned in 1997 after having played a significant role in the 1971 war with Pakistan.

India is currently operating one aircraft carrier INS Viraat, which is likely to be decommissioned in 2018-19 after INS Vikrant joins operational service.

The country is expected to get its second aircraft carrier Admiral Gorshkov, now rechristened INS Vikramaditya, from Russia by the end of this year.

India has plans of having at least two aircraft carriers for its eastern and western sea boards and has plans of building more aircraft carriers indigenously, which would be bigger in size than the one launched today.

INS Vikrant's launch will mark the end of the first phase of its construction and it will be now re-docked for outfitting and construction of superstructure.

Antony said the Defence Ministry was ready to provide more support to the Cochin Shipyards Limited (CSL) provided it worked towards adhering to the timelines.

Apart from domestic design and manufacturing work, it is the high-grade warship steel made by the Steel Authority of India which has been used for building the ship.

The indigenous component in the warship would be approximately anywhere between 80 and 90 per cent in floating department, up to 60 per cent in movement and not more than 30 per cent in fighting component of the carrier.

The ship has been designed by Directorate of Naval Design. Its production work had commenced in November 2006.

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News Network
February 19,2020

Feb 19: Pay increases across India’s organized sector will probably grow at the slowest pace since 2009 this year, according to a survey from Aon Plc.

Companies will increase average pay by 9.1% in 2020, down from 9.3% in 2019 and 9.5% the previous year, Aon said in a report published Tuesday. The small increase reflects a deep slowdown in Asia’s third-largest economy, where growing pessimism about job prospects have led many to cut down on consumption -- the main driver to growth.

India still leads the Asia-Pacific region in pay rises, but that is mainly due to higher inflation and a “war for key talent and niche skills,” Aon said.

“There is a general air of caution about the economy as we enter into 2020,” Tzeitel Fernandes, partner for rewards solutions at Aon, told reporters in New Delhi. “Low GDP projection and weak consumer sentiment are the reasons behind our lowest ever prediction.”

E-commerce companies and start-ups will probably get the biggest salary increases, projected at an above-average 10%, while financial institutions will hand out 8.5%. Unsurprisingly, the auto sector witnessed the biggest drop in growth -- down to 8.3% from 10.1% in 2018, according to Aon. The survey covered more than 1,000 companies across over 20 industries.

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News Network
August 6,2020

New Delhi Aug 6: In a new twist in the Vijay Mallya case, a certain document connected with the case in the Supreme Court has gone missing from the apex court files. 

A bench comprising Justices U.U. Lalit and Ashok Bhushan adjourned the hearing to August 20.

It was hearing the review plea filed by Mallya against a July 14, 2017 judgment wherein he was found guilty of contempt for not paying Rs 9,000 crore dues to banks despite repeated directions, although he had transferred $40 million to his children.

The bench was looking for a reply on an intervention application, which it seemed has gone missing from the case papers.Parties involved in the case sought more time to file fresh copies.

On June 19, the Supreme Court sought explanation from its registry regarding Mallya's appeal against the May 2017 conviction in the contempt case for not repaying Rs 9,000 crore dues to banks not listed for the last 3 years.

A bench comprising Justices Lalit and Bhushan had asked the Registry to furnish all the details including names of the officials who had dealt with the file concerning the Review Petition for last three years.

The bench said according to the record, placed before it, the review petition was not listed before the court for last three years. "Before we deal with the submissions raised in the Review Petition, we direct the Registry to explain why the Review Petition was not listed before the concerned Court for last three years," said the bench.In May 2017, the apex court held him guilty of contempt of court for transferring $40 million to his children, and ordered him to appear on July 10 to argue on the quantum of punishment.

The bench said let the explanation be furnished within two weeks. "The Review Petition shall, thereafter, be considered on merits," it added.In 2017, the apex court passed the order on a contempt petition against Mallya by a consortium of banks led by the SBI. 

The banks claimed Mallya transferred $40 million from Daigeo to his children's accounts, and did not use this money to clear his debt. Banks cited this as violation of judicial orders.

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Agencies
March 14,2020

New Delhi, Mar 14: India on Friday was mulling over the option of deporting The Wall Street Journal's South Asia deputy bureau chief for misreporting Delhi riots in which over 50 people were killed last month. However, the government denied that it had made any such decision.

Ministry of External Affairs spokesperson Raveesh Kumar said that a complaint was registered against Eric Bellman, the WSJ South Asia deputy bureau chief based in New Delhi, by a private individual on the government's online grievance redressal platform.

"Referring the complaint to the related office is a routine matter as per standard procedure. No such decision on deportation has been taken by the Ministry of External Affairs," Kumar said.

However, government-funded Prasar Bharati News Services had earlier tweeted screenshots of the complaint which was filed by an undersecretary in the Ministry of External Affairs, Vinesh K Kalra, saying that the ministry has asked the Indian embassy in the US to "look into the request for immediate deportation of Bellman for his "anti-India behaviour".

The official had complained to the embassy about Bellman's controversial reportage on the killing of an Intelligence Bureau staffer named Ankit Sharma.

The WSJ had reported that Ankit Sharma's brother had said that he was killed by a mob belonging to a particular religious community. Ankit's brother later told Indian media that he never spoke to the WSJ reporter.

After the Prasar Bharati tweet got circulated widely on social media, the government backtracked and said that no such decision has been taken.

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