'Rafale will give India unrivalled combat capability'

Agencies
October 6, 2019

Paris, Oct 6: Ahead of handing over of the first Rafale jet to India, European missile maker MBDA has said that the aircraft with most advanced weapons package comprising Meteor and Scalp missiles will provide the country unrivalled deep strike capability and air dominance in the region.

MBDA's Meteor beyond visual range air-to-air missile and Scalp cruise missile will be the mainstay of the weapons package of the 36 Rafale jets being procured by India at a cost of Rs 59,000 crore.

"India will get new capabilities with Rafale aircraft which the country never had before. Both Scalp and Meteor missiles will be game-changer for Indian Air Force," MBDA's India chief Loïc Piedevache told PTI here.

Defence Minister Rajnath Singh will receive the first Rafale jet at an airbase in Paris on Tuesday, three years after India sealed the mega-deal for procurement of the aircraft manufactured by French aerospace major Dassault Aviation.

"Rafale is an amazing aircraft fitted with a very superior weapons package. It has been having great success in several important markets. We are happy to be part of the project to supply 36 Rafale to India," he said.

He said Meteor is known to be the best beyond visual range missile in the world while Scalp is a deep strike weapon, and the Rafale with these two missiles will help India achieve unmatched air dominance in the region. "Today, India does not have such capability," he added.

Meteor is a next generation of BVR air-to-air missile (BVRAAM) designed to revolutionise air-to-air combat. The weapon has been developed by MBDA to combat common threats facing the UK, Germany, Italy, France, Spain and Sweden.

Guided by an advanced active radar seeker, Meteor provides all weather capability to engage a wide variety of targets from fast jets to small unmanned aerial vehicles and cruise missiles.

The Scalp is an air-launched long range deep strike missile, designed to deal with pre-planned attacks against high value fixed or stationary targets. Scalp has been part of the UK's Royal Air Force and the French Air Force and was used in the Gulf War.

Newly-appointed IAF Chief Air Chief Marshal Rakesh Kumar Singh Bhadauria last week said the Rafale jets will enhance IAF's combat capabilities over its adversaries in the neighbourhood.

Besides the missile systems, the Rafale jets will come with various India-specific modifications, including Israeli helmet-mounted displays, radar warning receivers, low band jammers, 10-hour flight data recording, infra-red search and tracking systems among others.

Piedevache said MBDA was excited about future acquisition programme of all the three forces and was ready to offer best of technologies to India.

"India is a strategic partner for us. We have the knowledge and technology to match India's requirement. We are also excited about the Indian Navy's submarines and frigates programmes," he said.

MBDA has been supplying range of missiles to the Army, Navy and the Indian Air Force in the last five decades.

Last month, it signed an agreement with defence PSU Bharat Dynamics Limited (BDL) for the final assembly, integration and test (FAIT) of Mistral and ASRAAM missiles in India.

ASRAAM is a new generation close combat missile. The IAF's Jaguar aircraft are the first Indian platform to receive this cutting-edge air-combat missile.

Piedevache said the MoU with BDL will help in further enhancing MBDA's engagement with India.

"It has been MBDA's 50-year-old cooperation with India which has been very fruitful. We are fully committed to meet India's requirement," said the top executive.

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News Network
June 17,2020

New Delhi, Jun 17: Prime Minister Narendra Modi on Wednesday called for an all-party meeting to be held on June 19 to discuss the situation at the border areas with China.

The virtual conference meeting, presided by PM Modi, will be attended by presidents of various political parties in the country.

"In order to discuss the situation in the India-China border areas, Prime Minister Narendra Modi has called for an all-party meeting at 5 PM on 19th June. Presidents of various political parties would take part in this virtual meeting," a tweet by the PMO India read.

At least 20 Indian Army personnel, including a Colonel rank officer, had lost their lives in the violent face-off in the Galwan valley area of Ladakh on June 15.

The violent face-off happened on late evening and the night of June 15 in Ladakh's Galwan Valley as a result of an attempt by the Chinese troops to "unilaterally change" the status quo during de-escalation in Eastern Ladakh and the situation could have been avoided if the agreement at the higher level been scrupulously followed by the Chinese side, India said on June 16.

The Chinese side also suffered casualties, including the death of the commanding officer of the Chinese Unit involved in the violent face-off with Indian troops, sources confirmed to news agency.

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Agencies
January 15,2020

Mumbai, Jan 15: Michael Debabrata Patra took over as Deputy Governor of the Reserve Bank of India (RBI) on Wednesday.

He was an Executive Director of India's central bank before being elevated to the post of Deputy Governor.

An RBI release said that as Deputy Governor, Patra will look after Monetary Policy Department including Forecasting and Modelling Unit (MPD/MU), Financial Markets Operations Department (FMOD), Financial Markets Regulation Department.

He will also look after Market Intelligence (FMRD/MI), International Department (Intl. D), Department of Economic and Policy Research (DEPR), Department of Statistics and Information Management (including Data and Information Management Unit) (DSIM/DIMU), Corporate Strategy and Budget Department (CSBD) and Financial Stability Unit.

Patra, a career central banker since 1985, has worked in various positions in the Reserve Bank of India.

As Executive Director, he was a member of the Monetary Policy Committee (MPC) of RBI, which is invested with the responsibility of monetary policy decision making in India. He will continue to be an ex-officio member of the MPC as Deputy Governor.

Prior to this, he was Principal Adviser of the Monetary Policy Department, Reserve Bank of India between July 2012 and October 2014.

He has worked in the International Monetary Fund (IMF) as Senior Adviser to Executive Director (India) during December 2008 to June 2012, when he actively engaged in the work of the IMF's Executive Board through the period of the global financial crisis and the ongoing Euro area sovereign debt crisis.

The release said that his book "The Global Economic Crisis through an Indian Looking Glass" vividly captures this experience.

He has also published papers in the areas of inflation, monetary policy, international trade and finance, including exchange rates and the balance of payments.

A fellow of the Harvard University where he undertook post-doctoral research in the area of financial stability, he has a PhD in Economics from the Indian Institute of Technology, Mumbai.

He will hold the post for three years or until further orders. The post fell vacant after Viral Acharya resigned on July 23 last year.

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News Network
June 23,2020

New Delhi, Jun 23: The Delhi High Court Tuesday granted bail to Jamia student Safoora Zargar, who is pregnant and was arrested under anti-terror law UAPA in a case related to communal violence in northeast Delhi during protests against the Citizenship Amendment Act, as Solicitor General Tushar Mehta did not oppose it on humanitarian grounds.

At the outset of the hearing, Mehta, representing Delhi Police, submitted that Zargar can be released on regular bail on humanitarian grounds and the decision has not been taken on merits of the case and should not be made a precedent.

Justice Rajiv Shakdher, who conducted the hearing through video conferencing, released Zargar, who is 23-week pregnant, on bail on furnishing a personal bond of Rs 10,000 and surety of like amount.

The court said she shall not indulge in any activity for which she has been charged with and shall not hamper the investigation or influence the witnesses.

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