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Indian Army Chief: India equipped for deterrence and response

Editorial Staff
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India has the capability of not only deterring but also responding robustly if necessary, according to Indian Army Chief General Manoj Pande. Speaking at the BrahMos User Meet 2023, Pande explained that due to Indian’s unsettled borders, having strategic deterrence instruments was essential. He praised the BrahMos missile and said that BrahMos supersonic missile had galvanised India’s firepower. Meanwhile, Air Chief Marshal VR Chaudhari emphasised how the missile had boosted the Indian Air Force’s deterrence value. Furthermore, it has the potential for land attacks and could be used on smaller platforms like MiG-29, Mirage 2000 or even the LCA in the future.

BrahMos is a joint venture between India and Russia, resulting in the missile acquiring its name from two rivers namely Brahmaputra and Moskva. Designed and developed by the Defence Research and Development Organisation (DRDO) in India and Russia’s NPO Mashinostroyenia, BrahMos is a supersonic cruise missile system with three variants including a naval, land and air version.

Manoj Pande is a four-star general of the Indian Army and has held his position as the Chief of the Army Staff since December 2019. Pande played a vital role in the Indian Army’s planning and execution of the surgical strike in September 2016, in which Indian security forces attacked terrorist encampments in Pakistan-administered Kashmir. Apart from this, he was also awarded the Param Vishisht Seva Medal and the Ati Vishisht Seva Medal for his distinguished service to the Indian Army.

PM Modi’s efforts to eradicate communal politics ruffle Congress feathers

Editorial Staff
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Former Union Minister Mukhtar Abbas Naqvi criticized Congress leader Rahul Gandhi for his recent remarks in the US. Naqvi said that Congress is unhappy because Prime Minister Narendra Modi has eliminated communal vote politics in the country. Speaking to ANI, Naqvi accused Congress of conspiring to attack PM Modi and the country. He added that PM Modi has assured the Muslim community of their inclusion in India’s progress and development. Rahul Gandhi had earlier attacked the BJP-led government for its actions impacting minorities, Dalits, and tribal communities. Gandhi urged people to fight hate with love and affection and not hatred. Naqvi countered Gandhi’s comments, saying that PM Modi has eliminated communal vote politics and that Muslims are part of India’s development.

Company: No company mentioned in the article

Person: Mukhtar Abbas Naqvi – former Union Minister and senior BJP leader

Indian Fugitive Bhadresh Kumar Patel Placed on FBI Most Wanted List

Editorial Staff
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Bhadresh Kumar Patel, a 26-year-old from Gujarat, India, has been on the run since 2015, after allegedly killing his wife in Maryland. Patel’s name has recently been added to the FBI’s Ten Most Wanted Fugitives list, which offers a reward of up to $250,000 for any information leading to his arrest. Patel is described by the FBI as a cold-blooded murderer and an extremely dangerous criminal. In addition to murder charges, Patel is wanted for unlawful flight to avoid prosecution and has managed to evade capture despite being listed on the FBI’s most wanted list since 2017. The FBI is continuing to investigate leads and pursue all possible avenues in its pursuit of Patel, who is believed to be in the Newark, New Jersey area.

The Federal Bureau of Investigation (FBI) is a government agency in the United States responsible for investigating criminal activity and threats within the country. It is also responsible for conducting investigations overseas and works closely with law enforcement agencies around the world to combat crime and terrorism.

Bhadresh Kumar Patel is an Indian fugitive who is wanted for the murder of his wife in Maryland in 2015. Patel allegedly killed his wife at a Dunkin’ Donuts store in Hanover, Maryland, after she expressed her desire to return to India. Patel is described by the FBI as an extremely dangerous criminal who is wanted for multiple charges, including first and second-degree murder, first and second-degree assault, and unlawful flight to avoid prosecution. The FBI has listed Patel on its Ten Most Wanted Fugitives list, and a reward of up to $250,000 is being offered for any information leading to his arrest.

GOC 4 Corps Meets Arunachal Governor

Editorial Staff
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The General Officer Commanding (GOC) of the 4 Corps, Lieutenant General Manish Erry, met with Arunachal Pradesh Governor Lt General (Retd) KT Parnaik at Raj Bhavan to discuss national security and the situation along the borders being guarded by troops of 4 Corps. They also talked about civil-military relationships, with the Governor emphasising the importance of good relationships between the military and civilians to strengthen the border areas. Governor Parnaik expressed his confidence in the security preparedness of the 4 Corps troops maintaining peace and security along the Line of Actual Control (LAC), while advising the GOC on the security of borders and the need for collaborative development between the security forces and the Vibrant villages near the border. The GOC assured the Governor of his best efforts towards strengthening the existing civil-military relationship in Arunachal Pradesh.

The Gajraj Corps, also known as the 4 Corps, is based in Tezpur, Assam. It is a corps of the Indian Army and is responsible for the defence of the eastern sector of the India-China border.

Lieutenant General Manish Erry is the General Officer Commanding (GOC) of the 4 Corps, also known as the Gajraj Corps. He recently met with Arunachal Pradesh Governor Lt General (Retd) KT Parnaik at Raj Bhavan to discuss national security and civil-military relationships in the area.

Karnataka AAP opposes BBMP’s plan to increase property tax for guarantee schemes

Editorial Staff
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The Aam Aadmi Party (AAP) in Karnataka has criticized the new Congress government for increasing property tax in BBMP to provide for its five guarantees. Senior AAP leader Jagdish V. Sadam called the decision shameless, saying the Congress government needed to ensure transparency and honesty, increase revenue collection, and provide freebies without taking loans. The Congress had promised freebies, such as Rs 2,000 for every woman head of the household under the Gruhalaxmi scheme, free bus travel for women, and free electricity up to 200 units. The AAP warned that it would take to the streets if the BBMP increased property tax to provide for these.

The Aam Aadmi Party is an Indian political party that was founded in 2012. It is currently in power in the National Capital Territory of Delhi, after winning the 2020 Delhi Legislative Assembly elections under the leadership of Arvind Kejriwal. The party’s platform is based on anti-corruption initiatives, promoting infrastructure, and improving the standards of education and healthcare.

Jagdish V. Sadam is a senior leader in the Aam Aadmi Party in Karnataka and a vocal opponent of the Congress government in the state. He has criticized the government’s policies on multiple occasions and is frequently featured in the media for his comments on the state’s political landscape.

Glenmark Pharmaceuticals Joins Science Based Targets Initiative, Commits to Reducing GHG Emissions by FY2035

Editorial Staff
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Glenmark Pharmaceuticals Ltd, a global pharmaceutical company, has recently become part of the Science Based Targets initiative, showing a strong commitment to sustainability. As a member of the SBTi business ambition, Glenmark aims to set its Green House Gas (GHG) emission targets at well below 2°C. The ambitious goal is to reduce Glenmark’s absolute scope 1 and 2 GHG emissions by 35% from a FY2021 baseline by FY2035. In addition, the company aims to reduce scope 3 GHG emissions by 28% per ton of pharmaceutical products within the same timeframe.

Glenmark underwent a rigorous 5-stage review process by the SBTi and is only the second Indian pharmaceutical company to receive approval for its GHG reduction targets. This certification by the SBTi is a testament to Glenmark’s commitment to sustainability and enforcing ESG goals as a global company. As a part of the SBTi, Glenmark is joining a partnership between major organizations such as CDP, the United Nations Global Compact, World Resources Institute, and the World Wide Fund for Nature.

Glenmark Pharmaceuticals is an integrated, research-led, global pharmaceutical company headquartered in Mumbai, India. The company has a diverse product portfolio of over 150 products, marketed globally across various therapeutic areas such as respiratory, dermatology, and oncology. Established in 1977, Glenmark has key operations in over 50 countries worldwide, with a team of more than 15,000 employees.

Glenn Saldanha, the Chairman and Managing Director of Glenmark Pharmaceuticals, stressed the importance of SBTi’s validation of Glenmark’s GHG emission targets. This certification supports Glenmark’s leadership in the global pharmaceutical industry and motivates the company to continue pursuing its ESG goals. Saldanha expressed his pride in Glenmark being only the second Indian pharmaceutical company to have its targets certified by the SBTi and believes the achievement will serve as a benchmark for other companies in the industry.

US Housing Market: Home Prices Expected to Drop Less Despite High Borrowing Costs

Editorial Staff
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Despite higher borrowing costs, U.S. home prices are expected to fall less than previously estimated for this year before plateauing in 2024, according to a poll of property analysts conducted by Reuters. Although the Federal Reserve has been implementing its tightest tightening cycle in 40 years, home prices have only decreased slightly, by just over 5% from their previous heights, compared to a rise of 45% during the COVID-19 pandemic. This resilience is attributed to the persistently tight housing supply, which is predicted to remain that way for at least another six months. Consequently, the analysts expect a 2.8% decline in average home prices this year, which is less than the 4.5% drop that was predicted two months earlier.

One major consulting firm mentioned in this article is Capital Economics. Sam Hall, a property economist at the firm, said that they anticipate prices to decrease further in the future.

Another person mentioned in this article is Sal Guatieri, the senior economist at BMO Capital Markets, who said that despite the doubling of mortgage rates since 2021, property owners have not been compelled to sell as they have jobs and are happy with their prolonged mortgage deals.

MPID Court orders Economic Offences Wing to investigate former FMC Chairman in NSEL case

Editorial Staff
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The Maharashtra Protection of Interest of Depositors (MPID) Court has ordered the Economic Offences Wing (EOW) in Mumbai to investigate the involvement of former Forward Markets Commission (FMC) chairman, Ramesh Abhishek, in the 2013 National Spot Exchange Limited (NSEL) case. The court has given the EOW 40 days to submit a report on the matter. The NSEL case arises from a payment default involving Financial Technologies India Ltd that led to the closure of the exchange in July 2013. The court has asked the EOW to investigate Abhishek on the basis of an application filed by NSEL, which claims that the final chargesheet filed by the EOW last December did not investigate the role of FMC and Abhishek in the NSEL payment crisis. In 2020, NSEL had submitted a detailed representation to the EOW highlighting several instances of Abhishek’s negligence and failure, which the agency did not investigate. NSEL is hopeful that the investigation will be fair and impartial.

National Spot Exchange Limited (NSEL) is an Indian commodities exchange based in Mumbai, India. It was founded in 2005 and is owned by Financial Technologies India Ltd.

Ramesh Abhishek is an Indian civil servant and former chairman of the Forward Markets Commission (FMC), the commodity market regulator in India. He served as the FMC chairman from 2014 to 2017.

NIA Conducts Search and Seizure Operations for PLFI Terror Funding Across Jharkhand

Editorial Staff
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The National Investigation Agency (NIA) in India has seized an arsenal of arms and ammunition from Naxal hideouts in Jharkhand in the People’s Liberation Front of India (PLFI) terror funding case. The cache of weaponry was discovered following disclosures made by recently arrested Dinesh Gope, a PLFI member, who revealed the locations of the hideouts. The seizure was made in searches conducted with the help of Jharkhand police and comprised 62.3 kg of gelatin, ammunition, including a pistol, and two improvised explosive devices (IEDs). This was the third such seizure in less than a week. Gope’s previous activities include referring to himself as a PLFI commander, extorting money, and executing attacks to terrorize and intimidate businessmen, contractors, and the public at large. The accused had deposited demonetized currency using a bank account at a petrol pump linked to close associates and family members and invested it through banking channels and dubious shell companies.

The People’s Liberation Front of India is a proscribed Naxal outfit of Jharkhand that used to be known as the Jharkhand Liberation Tigers (JLT). The group has been responsible for hundreds of terror incidents in Jharkhand, Bihar, and Odisha, including several murders using weapons. The organization previously lured unemployed youth by providing them with motorcycles, mobile phones, and easy money.

Dinesh Gope, a native of Khunti in Jharkhand and a member of the PLFI, was arrested in New Delhi on May 21. He earlier appeared in an NIA charge sheet on a case relating to the recovery of demonetized currency from PLFI operatives. Gope was absconding and finally apprehended by the NIA, who also declared a reward of Rs 5 lakhs for information leading to his capture, in addition to the reward of Rs. 25 lakhs announced by the Jharkhand government. The accused is currently in NIA custody for his activities with the PLFI.

Inspection of Kiratpur-Manali road project by Himachal Pradesh Governor

Editorial Staff
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Himachal Pradesh Governor, Shiv Pratap Shukla, inspected the Kiratpur-Manali road project and the Bhanupalli-Bilaspur-Beri rail line project by Rail Vikas Nigam Limited. The Governor inspected the 1.8-kilometer long tunnel number one at Kiratpur and the underground railway crossing at Bharari. Shukla mentioned that the Kiratpur to Manali road project is of strategic importance and will contribute to the growth of the tourism sector in the state. He also expressed gratitude towards Union Minister for Road Transport and Highways, Nitin Gadkari, for the project. Varun Chari, Project Director of National Highway Authority of India, and Anmol Nagpal, Project Director of Rail Vikas Nigam Ltd, apprised the Governor about the progress of the project.

Rail Vikas Nigam Limited is a public sector enterprise established by the Indian government for the fast and efficient development of Indian railways. The company provides efficient and effective railway maintenance and modernization services, consultancy services, and more.

Shiv Pratap Shukla is a politician and member of the Bharatiya Janata Party. He is currently serving as Governor of Himachal Pradesh. Shukla has also served as a member of Parliament in the Rajya Sabha and as a member of the Uttar Pradesh Legislative Assembly.

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