Desert Knight: When Indian and French Rafales will take part in a high voltage exercise

New Delhi, Jan 19: India will deploy its Rafale fighters against the French Rafales for a joint exercise called Desert Knight at Jodhpur this week.

Officials said that the aim of the exercise in which both countries will deploy the fighters and transport planes and mid-air fuelling is to provide operational exposure.

The high-voltage exercise which will take place between January 20 and 24 is also aimed at enhancing combat capabilities. 

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India’s intent on offensive operations showcased by Army’s drone swarms

New Delhi, Jan 16: The Indian Army on Friday carried out a live demonstration of Drone Swarming capability using 75 indigenously designed and developed drones which executed an array of Artificial Intelligence (AI) enabled simulated offensive missions and close support tasks during the Army Day Parade held at Delhi Cantt on 15 January 2021.

The Army Day parade in Delhi saw 75 small to medium size drones execute several Artificial Intelligence enabled simulated offensive and combat support operations. These ranges from Kamikaze strikes to paradrop and hover and drop missions.

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MRSAM will boost combat capabilities of India-Israel

New Delhi, Jan 06: In a major boost to India’s defence capabilities, India and Israel have successfully tested a Medium-Range Surface to Air Missile (MRSAM) defence system.

This has been developed jointly to deal with airstrikes by enemy countries.

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Greater probity, transparency: Indian Army creates Major-General led human rights cell

New Delhi, Jan 02: The Indian Army has created a new Major-General led human rights cell. The aim is to create greater transparency and probity in the functioning of the Army in disturbed areas such as Jammu and Kashmir and northeast.

Major General Gautam Chauhan has taken over as the first additional director general (human rights) at the Army headquarters in New Delhi. He would report directly to the Army Vice-Chief and his branch would be the nodal point to examine all human rights violations.

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Army fast-tracked 12 specialised patrol boats for surveillance of Pangong Lake

New Delhi, Jan 02: The 12 specialised fast patrol boats would be deployed at the Pangong Lake, amidst the standoff with China.

The orders for the boats with advanced surveillance gear and equipment for patrolling were fast-tracked for patrolling the Pangong lake.

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FASTag mandatory for all vehicles from January 1, 2021: How To Buy FASTag Online

New Delhi, Dec 28: FASTags will be mandatory for vehicles from January 1, 2021, Union minister Nitin Gakdari said.

FASTags, which facilitate electronic payment of fee at toll plazas, was introduced in 2016. Making the tags compulsory would also help in ensuring that vehicles pass seamlessly through the toll plazas as fee payment would be done electronically.

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Shock waves in markets as Chinese firms default on record debts

New Delhi, Dec 14: The Chinese state owned companies have defaulted on their debts and the state firms have defaulted on a record 6.1 billion USD worth of bonds between January and October according to Fitch Ratings.

This development has sent shock waves in the debt market. The non-payment of debt payments is only getting worse and a slew of major companies such as BMW’s Chinese partner, Brilliance Auto Group, Tsinghua Unigroup, and Yongcheng Coal and Electricity declared bankruptcy or defaulted on their loans in November.

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To boost IAF, Defence Ministry looking at French mid-air refuellers

New Delhi, Dec 07: A French proposal to acquire six Airbus 330 multi role transport tanker aircraft on a government to government basis to expand the strike capabilities of the Indian Air Force and purchasing the latest mid-air refuellers is under consideration by the Ministry of Defence. 

The Indian Air Force wanted to get an Airbus 33 MRTT on a wet lease from a British company. However the proposal by France involves selling 5 to 7 year old aircraft to the IAF with a certification of another 30 years of platform life. This would be done at a reduced price. 

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BECA to MISTA: How India, US are enhancing maritime intel sharing on the high seas

New Delhi, Dec 07: Thanks a recently concluded pact, India and the United States are gearing up to actively share maritime military intelligence.

Called the Maritime Information Sharing Technical Arrangement (MISTA), the bilateral pact lays down protocols for the exchange of intelligence in real time. This would significantly enhance the level of cooperation. 

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2020: When RBI declared a loan moratorium amidst the pandemic

Several businesses were hit badly, following the outbreak of COVID-19 and the subsequent lockdown.

With the job market being shaky due to the above mentioned reasons, the Reserve Bank of India (RBI) had on March 27 issued a circular which allowed lending institutions to grant a moratorium on payment of instalments of term loans falling due between March 1, 2020, and May 31, 2020, due to the pandemic.

Later, the moratorium was extended till August 31 this year. 

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