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Ukraine-Russia War: Likely To Impact Defense Deals With India, Says Defense Experts

Pooja YadavFebruary 25, 20220

Senior military officers said that seeable of the Russian offensive, ongoing projects to upgrade aircraft and provide missiles would be interminably delayed, if not eventually terminated. Ukraine’s invasion by Russia will damagingly impact several of India’s ongoing programs that would, within the medium term, compromise its prospective operational efficiency. These projects include upgrading the Indian Air Force's (IAF) fleet of Antonov An32 ‘Cline’ transport aircraft and supplying critical R-27 air-to-air missiles for its multi-role Sukhoi Su-30MKI fighters. These also involve providing engines for four Indian Navy missile frigates, amongst other assorted bilateral military contracts under review and negotiation because of the Russian offensive. These ongoing projects would be int...

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Sri Lanka Faces Fuel Crisis Amid Foreign Exchange Shortage Due To Pandemic

Sonia SolankiFebruary 23, 20220

Sri Lanka is going through a major fuel crisis at present. The main reason for the crisis is the shortage of foreign exchange to buy fuel. If reports are to be believed, Sri Lanka is left with 5-6 days of fuel only. The nation's economy hits the bottom due to the pandemic. Due to the pandemic, the travel and tourism industry was on halt. That brought a major shock to Lanka's economy, which is highly dependent on tourism. The losses that the country is facing in the last two years due to the pandemic stands at 14 billion dollars. Between July-September 2021 the economy shrinks by 1.5% as per the Central Bank reports. Not only this the Inflation rate also rose to 12.1% in the month of December. To cope with the losses, Sri Lanka has borrowed international sovereign bonds worth 12.5 bi...

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Russia-Ukraine Tensions To Impact Stock Markets, Other Sectors: Experts

Pooja YadavFebruary 22, 20220

The impact of the invasion of Ukraine by neighbouring Russia would be felt across the stock market and other markets from wheat and energy prices, sovereign dollar bonds to safe heaven to the stock markets. In general situations due to uneventful events, people tend to pull out their investments and divert them to safe-haven securities. People will start investing in bonds, especially sovereign bonds. In the present situation, there is anyways a risk of inflation. In the forex market, the Euro currency exchange is considered to be the biggest indicator of geopolitics risk in the eurozone as the Swiss currency has been long seen as safe haven by investors. The swiss currency exchange rate saw hit its highest hit since May 2015 in late January. Gold has also been seen as a shelte...

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Nepal Becomes First To Adopt India’s UPI System

Pooja YadavFebruary 22, 20220

Nepal is the primary country to adopt India's UPI system, which played a pivotal role in transforming the digital economy of the neighbouring country. The National Payments Corporation of India (NPCI) said on Thursday, it'll revolutionalize the digital payment system in Nepal. UPI is a real-time payment system providing simplicity, safety and security in P2P and P2M transactions in India. In 2021, it enabled 3,900 crore financial transactions valuable USD 940 billion which is reminiscent of approximately 31% of India's GDP. According to some reports, UPI is estimated within the yr 2022, making it to cross $1 trillion in overall volumes for the present yr. The international arm of NPCI has joined hands with the gateway payments services and Manam infotech to supply the service...

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IndiaInternationalNews

India-Dubai Conducts Maritime Naval Exercise: Learn Importance Of These Exercises For India’s Diplomacy Policy

Pooja YadavFebruary 22, 20220

India-Qatar has started the 2nd edition of the joint maritime exercise. This exercise includes a three-day harbour phase followed by a two-day sea phase. The sea phase is comprised of tactical maritime exercises involving surface action,anti-piracy exercises, air defence, maritime surveillance, etc. In the sea phase of the exercise, the Indian Navy’s stealth frigate INS Triaknd, QENF missile boat and Rafale fighter aircrafts participated. A joint exercise with one or more nations serves the aim of signalling to a third country the influence we've within the region and an illustration of our resolve to further our diplomatic objectives...It facilitates better coordination between the militaries, observation of enemy's tactics, and familiarisation with new technologies, enabling on-the-...

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IndiaInternationalNewsPolitics

Russia-Ukraine Tensions: India Suggests Peaceful Solution

Pooja YadavFebruary 22, 20220

India is trying to opt for a balanced and preventive approach in the ongoing Russia-Ukraine crisis. Earlier, India remained silent and was appealing to sort out the differences between the countries peacefully in the international community. On January 30, 2022, India abstained from voting in UNSC when the US demanded the Russia-Ukraine crisis discussion. India neither voted in favour of it nor against it. The response, however, was not surprising for many experts as in 2014 when Russia attacked Crimea, India abstained from voting in UNSC on the resolution passed by the US. The country had passed a resolution against Russia in the UNSC. Russia took India's step as a pro-Russian view. India boycotted the Winter Olympics in China where Russia aimed to promote its views on Ukrai...

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North Korea Tests Biggest Missile After 4 Years, US Gets Worked Up

Pooja YadavFebruary 19, 20220

North Korea has verified on Monday that it had launched a Hwasong-12 intermediate-range ballistic missile. It is the identical armament it had formerly hovered to concentrate on the US home of Guam, sparking fears the nuclear-fortified state could renew long-range testing. The launch of the intermediate-range ballistic missile (IRBM) was first reported by South Korean and Japanese authorities on Sunday. It was the seventh test conducted by an Asian country this month and thus the first time a nuclear-able missile of that size has been launched since 2017. The US seems worried due to North Korea’s raising bullet tests which may be precursors to proceeded tests of nuclear munitions and multinational ballistic dumdums (ICBMs) and pledged an unidentified response “designed to point out...

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ArticleEventsInternational

“Yamana Language Dies With The Death Of Cristina Calderon Being The Last Guardian”

Pooja YadavFebruary 19, 20220

Cristina Calderon died on Wednesday, aged 93. She had mastered the Yamana language of the Yagan community and after the death of her family in 2003 was the last person within the world who could speak it An indigenous language from South America’s remotest south has near vanished after the death of its last living speaker and guardian of its ancestral culture. Cristina Calderon failed on Wednesday, aged 93. She had learned the Yamana language of the Yagan community and after the death of her family in 2003 was the last person within the world who could speak it. She worked to save lots of her knowledge by creating a wordbook of the language with paraphrases to Spanish. “ With her, a veritably important part of the artistic memory of our people is gone,” said Lidia Gonzalez, Calderon...

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ArticleIndiaInternationalNews

Kashmir-Iran Dispute Over Apples: Producers Demand Imposing Import Duty On Iranian Apples

Pooja YadavFebruary 14, 20220

Whenever we talk about apples, the name that comes into our mind is Kashmiri apples. The contribution of apples in boosting the economy of Kashmir has played a vital role. However, in recent years, the Kashmiri apple vendors have faced heavy losses due to the illegal imports of Iranian apples. Kashmiri apple growers are up in arms against the import of illegal apples from Iran which has been selling at cheaper rates than the local apples in markets outside the valley. The apple growers and those associated with apple farming appealed to the government of India to ban the import of Iranian apples into the Indian market. The illegal import of Iranian apples happening in the Indian market has severely damaged the rates of Kashmiri produce in the apple market. The Iranian apples ar...

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Ford Motors Mulls Discontinuing; Exploring Possibilities As EV Manufacturer In India

Pooja YadavFebruary 13, 20220

Ford Motors has recently decided to quit the Indian market due to some taxation and low sales issues. It has now decided to take a U-turn and return to India with the PLI scheme. When Ford decided to leave, it shook the market as its presence is felt all over the world economy. Ford will enter the market under the government's PLI scheme. What Has Happened? Ford declared on February 11 it is considering its production of electric vehicles in India for exports and probably for local sale. It came just a month after the American automaker announced its decision of discontinuing its selling and manufacturing in the country. It was said that in September 2021 the decision was under consideration and taken back as the company could not see any future profits. Ford's Take Accord...

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ArticleEventsInternational

Ukraine Crisis Escalates: An Analysis Of Reasons Motivating Russia To Reach A War Situation

Pooja YadavFebruary 13, 20220

The erstwhile USSR, in the 1990s, disintegrated and Russia came out as a successor. But, have you ever wondered what kind of political system was established in Russia after the downfall of the communist ideology? Whenever we think of Russia, one man who comes into our mind is Vladimir Putin. Is Russia a dictatorship or a democratic or a communist country? Let's decode what kind of political system formed there after the end of 75 years of communist ideology. Many independent countries were formed out of USSR and the then President of Russia Boris Yeltsin was constantly working on reforms for the country. But it was challenging because they had started from zero. They had a baby country in front of them whose growth and prosperity was new concept that needed to be decided. In n...

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Elon Musk’s Sad Story and His Unsuccessful Mission With 49 Satellites

Pooja YadavFebruary 12, 20220

Elon Musk's space exploration technologies corporation, SpaceX, said no debris is predicted to hit the bottom as 40 satellites are re-entering or already entered the Earth's atmosphere. There's no risk of collision with other satellites, the company said. The 49 satellites were launched from the Kennedy Space Centre in Florida on February 3 and were placed in initial orbit, closer to Earth. the company said it placed the satellites in a close-by orbit to hold out final checks before flying them into space. Around 40 of them were struck and destroyed by a geomagnetic storm on Feb 4. A geomagnetic storm is a space weather event, caused by ejections of the solar corona into space, resulting in disturbances in the Earth's upper atmosphere and increased drag on objects in low orbits. ...

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