japan flag, Japan

The government through the National Security Strategy, vowed to obtain counterstrike capabilities and almost double its annual defense expenditure over five years through fiscal 2027

Joe Biden

The package, which is part of the State Department's foreign military financing (FMF) program, totals $ 80 million and will be paid for by US taxpayers

China Taiwan Flag

The Biden administration has approved a $500 million arms sale to Taiwan as it ramps up military assistance to the island despite fervent objections from China.
The State Department said Wednesday it had signed off on the sale of infrared search tracking systems along with related equipment for advanced F-16 fighter jets. The sale includes the infrared systems as well as test support and equipment, computer software and spare parts, it said.
Although the deal is modest in comparison to previous weapons sales, the move is likely to draw fierce criticism from Beijing, which regards self-governing Taiwan as a renegade province and refuses to rule out the use of force to reunify it with the mainland.
This proposed sale serves U.S. national, economic, and security interests by supporting the recipient's continuing efforts to modernize its armed forces and to maintain a credible defensive capability, the State Department said in a statement.
"The proposed sale will improve the recipient'

weapons

A drop box for returning weapons snatched from security forces has been set up at the home of BJP legislator from Imphal East L Susindro Meitei where anonymity will be ensured.
A large poster at a covered shed outside his home says Please drop your snatched weapons here both in English and Meitei language.
A tagline below this adds feel free to do so, an indication that questions will not be asked how the weapons were in their possession in the first place.
A few weapons including a couple of automatic rifles and live ammunition belts were actually present in the box when a PTI reporter went there.
Large numbers of weapons were looted from police stations in early May when ethnic violence broke out in the state of Manipur.
Since then both Chief Minister N. Biren Singh and Union Home Minister Amit Shah have appealed to people to surrender their weapons.
Army and para-military forces in collaboration with state police have been carrying out combing operations to defang communities 

Photo: Unsplash/ripster8

Pakistani drones carrying arms and drugs have been shot down very often by India's Border Security Force (BSF)

China, China economy

China's deputy ambassador's remarks came after Putin met with China's top diplomat Wang Yi in Moscow

Volodymyr Zelenskyy

A handful of congressional Republicans met with Ukrainian President Volodymyr Zelenskyy in a signal of continued US support even as hard-right members of the party vow to block future aid to the embattled country.
The newly appointed chairman of the House Foreign Affairs Committee led a small delegation to Kyiv on Tuesday to meet with Zelenskyy for the first time since the start of the war a year ago and since Republicans won the majority in the House of Representatives in November.
Chairman Mike McCaul and four other Republican lawmakers said they discussed at length what Ukraine's military needs to fight off Russian aggression. Zelenskyy provided them with a list of weapons, including longer-range artillery and air-to-surface missile systems.
The meeting came one day after President Joe Biden made an unannounced trip to Kyiv to reaffirm US support for Ukraine as the war heads into its second year.
Biden has been trying to keep the allies unified in their support for Ukraine as th

NATO Secretary General Jens Stoltenberg (Photo: Reuters)

NATO will help Ukraine develop a procurement system that is effective, transparent and accountable, the NATO Secretary General added

There are signs of a significant shift away from the world's major weapons-producing region, with impressive gains for China, and to an extent, India

Voting results are seen on the screen during a special session of the UN General Assembly on Russia's invasion of Ukraine, at the United Nations headquarters in New York City (Photo: Reuters)

United Nations arms treaty an example, not an answer

Parliament, Monsoon session

During the discussion, Javadkar attacked the opposition and termed them as weapon of mass disruption

A corresponding proposal, which was passed on Thursday by a vote of 586 to 100, allows the "supply of effective, including heavy, weapons and complex systems" to Ukraine, reports Xinhua news agency

ukraine russia war

Western weaponry pouring into Ukraine helped blunt Russia's initial offensive and seems certain to play a central role in the approaching, potentially decisive, battle for Ukraine's Donbas region.

J&K Police

Jammu and Kashmir Police personnel will soon get American Sig Sauer assault rifles and pistols to carry out anti-terror operations, officials said.
The Army has already equipped its personnel guarding the Line of Control (LoC) with Pakistan and Line of Actual Control (LAC) with China with the state-of-the-art rifles.
The Jammu and Kashmir Police is probably the first in the country to get the modern weapons, they said, adding that the force will be procuring 500 Sig Sauer-716 rifles and 100 Sig Sauer MPX 9mm pistols.
The special operation group (SoG) and personnel deployed for the security of protected people will be equipped with the weapons, they said.
According to officials, the Jammu and Kashmir Police had recently floated global bids on the government buying portal GeM (Government e-Market) for purchasing the assault weapons.
The Sig Sauer-716 assault rifle has a more powerful 7.62x51mm cartridge as compared to the 5.56x45mm intermediate cartridge of the INSAS (Indian Small A

Indian army

On November 8, 2018, the financial powers of the vice chiefs of the three services were enhanced five-fold for revenue procurement, with an enhanced ceiling of Rs 500 crore

military tanks

India's weapons procurement from the United States jumped from a meagre $6.2 million to a whopping $3.4 billion in the final year of the Donald Trump's administration, according to official data

Nirmala Sitharaman

Ministry officials object to including private consultants in committee

India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region

JPMorgan Chase & Co

Given the relatively small weight in the Bloomberg Global Aggregate Index, analysts expect India's inclusion could take place in one shot

bonds market, currencies, currency, RBI, yield

The rally in PSBs, analysts feel, was more a knee-jerk reaction to the development, and the actual benefits will start to accrue once the addition takes place in 2024

Banks

Air India flew and LIC moved, but a big-bang PSU stake sale programme has proved to be elusive so far

Nirmala Sitharaman,

Closing Bell on Friday, September 22: The Nifty PSU Bank jumped the most, rising 3.5 per cent

BSE, NSE, Sensex, Nifty, stock markets

Insolvency & Bankruptcy Code (IBC) cannot be used as a "tool for recovery", the NCLT observed on Tuesday while dismissing a plea by two unit buyers of a commercial complex.
The Principal Bench of the National Company Law Tribunal (NCLT) was hearing the plea for initiating insolvency against Orris Infrastructure over an alleged default of Rs 3.60 lakh.
The NCLT bench observed that the purchaser of the Office space/Retail Unit has already received full and final payment from Orris Infrastructure in lieu of the assured returns towards the allotted unit, as per the agreement.
The amount has been paid in excess of the default amount and counsel for the applicant has also acknowledged the receipt of the demand draft from the realty firm, which was developing a commercial building complex, known as Floreal Tower, at Sector 83, Gurgaon (Haryana), said insolvency tribunal.
"We are of the view that in the present case, the applicants are already having demands drafts of the amount exceeding

insolvency

The dollar index eased from a six-month peak against its rivals, making gold less expensive for other currency holders

gold, precious metal, gold ingot, gold brick

The devastating storm that dumped torrential rains along the Libyan coast this month was up to 50 times more likely to occur and 50% more intense because of human-caused climate change, according to an analysis released on Tuesday.
Before crossing the Mediterranean, the storm raged for four days and caused extensive damage in central Greece and parts of Bulgaria and Turkey, a region where such extreme storms are up to 10 times more likely and up to 40% more intense because of climate change, scientists said.
Heavy one-day rains from Mediterranean storm Daniel caused massive flooding across eastern Libya that overwhelmed two dams, sending a wall of water through the coastal city of Derna that destroyed entire neighborhoods and swept bridges, cars and people out to sea. The death toll has varied, with government officials and aid agencies giving tallies ranging from about 4,000 to 11,000 dead.
The analysis was conducted by the World Weather Attribution group, which aims to quickly ...

climate change

In a regulatory filing, Signature Global informed that under Anchor Investors (AIs) portion in the public issue, 82,72,700 equity shares have been subscribed at Rs 385 per equity share

Crude imports fell 3.9% month-on-month to 18.73 million metric tons in August, Petroleum Planning and Analysis Cell (PPAC) data showed

Russian Oil, crude oil, oil, oil prices

Overseas institutions are also a better bet for Adani. Tapping Indian banks, especially state-run lenders, would be a tad cheaper, but might invite greater political scrutiny ahead of general election

Adani, Adani Group

India's ambitions for green hydrogen are riding the coat-tails of Chinese equipment, with Beijing's global stranglehold on the green hydrogen business now extending to New Delhi

green energy targets in mind, but is India technology-ready?

green energy

While posing a complex challenge, slums also offer a unique opportunity for morally and economically imperative urban development

Dharavi

As part of the partnership, Infosys will have access to NVIDIA's full-stack gen AI program and will set up a NVIDIA Centre of Excellence

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani (Photo: Infosys)

NVIDIA Founder & CEO, Jensen Huang with Infosys Co-founder & Chairman, Nandan Nilekani

The board of the private sector lender is scheduled to meet on Friday, September 22, 2023 to consider the raising of funds by issue of equity shares / any other equity linked securities.

Karnataka Bank

In a meeting with officials of the DHI, the company has said the period for which the government is demanding a refund of subsidies of Rs 130 crore does not apply to it

Hero Electric to raise capacity at Ludhiana plant to 500k units in 6 months

Hero Electric

Latest model can log 40-50% higher sales in India than iPhone 14, say retailers

Apple Store Saket

Can detective stories be a clever gateway to learning complex subjects? Two American professor show the way

spy, espionage, detective, mystery,

Prime Minister Narendra Modi on Friday said the G20 Summit's success has given the nation the confidence to organise such global events and urged those involved in the planning and execution of the summit to document their experiences.
The G20 Summit, under India's presidency, was held here from September 9 to 10.
Addressing those involved in organising of the summit at the event's venue, Bharat Mandapam, Modi also credited ground-level functionaries for the success.
Drawing parallels between the organising of the G20 Summit and the Commonwealth Games, he said the sporting event in the national capital in 2010 got mired into things that brought disrepute to the country and infused a sense of despondency in the governing system.
"On the other hand, the cumulative effect of the G20 Summit has been that of success in showcasing the strength of the country to the world. I am not concerned with the praise in editorials. For me, the real happiness lies in the fact that my country is now 

PM Modi addresses media on the first day of the special session of Parliament, in New Delhi, Monday, Sept. 18, 2023. (PTI Photo/Manvender Vashist Lav)

The India-Canada row highlights our double-edged soft power

Khalistan posters target Indian diplomats in Canada

Heatmap

Weapons procurements

Japan's Defence Ministry seeks record 7.7 trn yen budget for FY 2024

US approves funding for first-ever transfer of military equipment to Taiwan

US approves new $500 mn arms sale to Taiwan as tension from China surges

Dropbox set up in Imphal valley to deposit snatched weapons anonymously

India facing challenge of illicit weapons using drones: Amb Kamboj at UNSC

Sending weapons to Ukraine will add fuel to war, says China at UN

House GOP meet with Zelenskyy as far-right oppose future aid to Ukraine

EU, NATO, Ukraine to ramp up arms production, procurement: Officials

Global arms sales: Change is underway

United Nations arms treaty an example, not an answer, says Owen Greene

Monsoon session: RS defers passage of bill for banning funding of WMD

German Parliament approves delivery of heavy weapons to Ukraine

Russia makes little headway in slowing a Western arms express into Ukraine

J&K Police to get American assault rifles, pistols for anti-terror ops

Army's financial powers enhanced to speed up weapons procurement

India's weapons procurement from US jumps to $3.4 billion in 2020

Committee to review critical weapons procurements mired in delays