SU-30MKI to be Equipped with BrahMos

India is moving towards joining the air-launched cruise missile club achieving the capability to deliver a deadly-blow to enemy formations from stand-off ranges of around 300 km.

Two SU-30 MKI of the IAF will be modified indigenously by the Hindustan Aeronautics Limited (HAL) at its Nasik facility where the missile will also be integrated with the aerial launcher developed by BrahMos.

In doing so, one of the two speed boosters in the missile has been removed for the air version but the missile will reportedly automatically gain momentum and maintain a speed of mach 2.8.

BrahMos representatives say that the range and speed of the missile will remain the same as its land and ship-launched variants.


Arvind Kejriwal asks Mukherjee to face independent probe

Early this month Arvind Kejriwal, a former IRS officer and grassroots activist, became a key member in the Anna Hazara team when he was spotted alone representing Team Anna in their agitation posters.

Recently, his comments asking Pranab Mukherjee to face independent probe have been all over India’s local media.

In light of his comments, Gopal Rai, Kejriwal and Manish Sisodiya have already announced a fast unto death at Jantar Mantar on July 25 for three major demands — SIT probe against tainted” ministers in UPA government, handing over pending CBI cases against Mayawati, Mulayam Singh Yadav, Lalu Prasad and J Jayalalithaa to an independent agency and setting up of fast track courts to try MPs accused of corruption.

(TOI 19JUN12)

**The campaign ‘The Enemies of Jan Lokpal’ on the India Against Corruption website was launched on Tuesday (5JUN12) after Hazare announced that his team will tour to educate people about the corruption charges against the PM and other ministers.

Dell to sell Ubuntu-installed laptops, netbooks in India

Dell, the second-largest computer seller in India, will sell personal computers loaded with the free operating system Ubuntu.

UK-based Canonical, the company that sponsors Ubuntu, also enters India with the launch of these computers. The company is owned by South African entrepreneur Mark Shuttleworth, who earlier founded Thawte, the digital certificate issuer, now owned by Symantec.

Canonical and Dell had jointly launched Ubuntu loaded computers in China last year in October. Starting with 220 outlets, the number of stores retailing Ubuntu has reached 350, and is increasing, Canonical stated on its blog. Dell stores in South Delhi have already started displaying Ubuntu installed computers.

In India, Canonical is also targetting the small and medium business sector, with a focus on building private cloud computing systems. Companies can build their own clouds on the Ubuntu Cloud Infrastructure as a ready to deploy Infrastructure-as-a-Service. It also promises to deliver a working cloud in five days for $9000.

(TOI 19JUN12)

India announces $10 billion for debt-wracked Eurozone

India announced a $10 billion contribution to the IMF’s additional $430 billion financial firewall to help the debt-wracked 17-nation Eurozone so that the faltering world economy is protected against the spread of any financial contagion.

The announcement of the contribution was made by Prime Minister Manmohan Singh in his address at the Plenary Session of the seventh summit of the Group of developed and developing countries (G20) in Los Cabos, Mexico.

The G20 account for 80% of the World’s GDP.

(TOI 19JUN12)

Iran plans to export 1,000 MW of electricity to Pakistan

Iranian Deputy Energy Minister Mohammad Behzad says Tehran and Islamabad have reached an agreement to increase the export of Iran’s electricity to energy-starved Pakistan to 1,000 megawatts (MW).

He said the new transmission line would be built between Iran’s southeastern port city of Chabahar and Pakistan’s Gwader port

It is expected that Iran’s electricity export to Pakistan will reach more than 200 MW by next year, Behzad added.

He emphasized that a new power transmission line between Iran’s southeastern city of Zahedan and Pakistan’s Quetta would be established to increase electricity exports to 1,000 MW.

Iran is currently exchanging electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Nakhichevan, Turkey and Turkmenistan.

( 01JUN12)

Fitch Ratings Change Credit Outlook From Stable To Negative

Fitch Ratings cut its credit outlook for India to negative from stable, nearly two months after rival Standard & Poor’s made a similar call, citing risks that India’s growth outlook could deteriorate if policymaking and governance don’t improve.

The agency estimated general government debt for India of 66 percent of GDP at the end of the most recent fiscal year, compared with a median of 39 percent for BBB-rated countries.

The rupee weakened further to 56 per dollar from around 55.82 before the Fitch statement. Bond yields were range-bound, while stocks were already shut for the day.

(Reuters 18JUN12)

Further bad news for traders: RBI dashes hopes of interest rate cut, plunging the Sensex 244 points lower making investors poorer by Rs 75,000 crore, after shares notched up with handsome gains in early trade on the victory of pro-reforms parties in Greece elections.

The interest rate remains at 8% as the RBI pointed to a rise in inflation in May as a key constraint.

The GOI announced last week that the wholesale prices index rose 7.55 per cent in April, as food and fuel prices rose 10.74 percent and 11.53 percent respectively last month.

(Zeenews/Financial Times 18JUN12)