The Mongol refinery project is the largest project undertaken by the government of India under its Lines of Credit (LoC) programme and is expected to cut some of Mongolia’s fuel import dependence. The petrochemical refinery to be built at an approximate cost of $1.25 billion utilising the $1.236 billion line of credit from India comes in the backdrop of China’ Belt and Road Initiative (BRI).
While the factory in Amethi was formally inaugurated in March, orders are yet to be placed as they had to go through the acquisition process of negotiating technical and commercial terms. The Indo-Russian Rifles Private Limited joint venture for production of AK 203 assault rifles is likely to get the go-ahead at an acquisition meeting later this month and will move to the next stage of signing of the contract to start manufacturing.
INS ‘Mysore’ (D60) is the second ship of the Delhi-class guided missile destroyers and was commissioned into the Indian Navy on June 2, 1999. One of the largest warships designed and built in India, she displaces 6,700 tonnes and is capable of speeds in excess of 30 knots (about 55kmph). A press statement issued by the embassy noted that Indian naval ships have been frequently visiting Qatar in the framework of the deep-rooted friendly ties and multi-faceted and growing co-operation between India and the State of Qatar”.
The war on inflation has been won decisively by the Narendra Modi led government, thanks to proactive management of the current account balance. The current account deficit (CAD) for 2018-19 stood at 2.1 per cent of GDP, just a tad higher than the 1.8 per cent for 2017-18.
The aircraft—the first of 36 ordered by India—was received by defence minister Rajnath Singh on a day the Indian Air Force (IAF) celebrated its 87th founding day. Singh, who arrived in Paris on Monday, later travelled to Bordeaux in south-western France to the Mérignac facility of Dassault Aviation SA, the maker of the Rafale, for the formal handover event. He was joined by French defence minister Florence Parly and several senior officials. After the handover, Singh also flew a sortie in the aircraft.
The participating contingents, comprising 45 members each, marched in together at the Shivneri Drill ground of the station. The parade was commanded by Major MS Negi, who is part of the participating Indian contingent. The Marine troops of Maldivian National Defence Force represented the Maldivian contingent, while a battalion of the MAHAR regiment represented the Indian side.
The IAF has said Pakistan’s “false claim” of shooting down a Sukhoi-30MKI was an attempt to cover up for the loss of its own aircraft, an American-made F-16, which Wing Commander Abhinandan Varthaman had shot down before the Russian-origin MiG-21 Bison that he piloted fell to enemy fire. Wing Commander Varthaman was awarded the Vir Chakra for shooting down the Pakistani F-16.
A contract of 300 electric buses has just been handed to Tata Motors by Ahmedabad Janmarg Limited (AJL) on an operation expenditure (OPEX) model, i.e. pay-per-km basis. The contract records the biggest ever order of electric buses in India.
The army is examining an internal proposal to turn this historically significant and India’s easternmost inhabited area into the next summer destination, said officials. It is through this place, Kibithu in Arunachal Pradesh, eight kilometres south of the LAC, that one of Brahmaputra’s tributaries, Lohit, enters India and meanders into the Lohit valley, dividing its west and east banks. Though sparsely populated, the Kibithu sector, with its tall mountains running along the banks of the river, is home to the largely Meyor inhabited Dong village, where the sun rises between 3.30 am and 4 am during summer.
The proposed project to be developed by Mundra International Airport Pvt Ltd was recently approved by the Union Environment Ministry after taking into consideration the views of an expert panel.
