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Monthly Archives: April 2024

India Secures Second Overseas Port: Sittwe Agreement Approved by MEA

India Secures Second Overseas Port: Sittwe Agreement Approved by MEA

In a strategic move to bolster its maritime presence and enhance regional connectivity, India has gained operational control over the Sittwe Port in Myanmar, following approval from the Ministry of External Affairs (MEA). The agreement allows India Ports Global (IPGL), a company fully owned by the Ministry of Ports, Shipping and Waterways, to manage the …

China Surpasses India as Largest Importer of Russian Crude

China Surpasses India as Largest Importer of Russian Crude

China has surpassed India as the primary importer of Russian crude oil via sea routes, with China importing 1.82 million barrels per day (bpd) in March compared to India’s 1.36 million bpd. This shift is attributed to India’s slowdown in imports due to sanctions and rising prices. China’s Rising Imports In March, China imported 1.82 …

Indian Army Enhances Air Defence with Igla-S MANPADS

Indian Army Enhances Air Defence with Igla-S MANPADS

The Indian Army has bolstered its Very Short Range Air Defence (VSHORAD) capabilities with the acquisition of Igla-S Man Portable Air Defence Systems (MANPADS) from Russia. This procurement, part of a larger deal for 120 launchers and 400 missiles, signifies a significant upgrade over outdated systems. Capabilities of Igla-S The Igla-S system, comprising the 9M342 …

Aleksei Navalny and Yulia Navalnaya Honoured with Freedom Prize

Aleksei Navalny and Yulia Navalnaya Honoured with Freedom Prize

The late Russian dissident Aleksei Navalny and his wife, Yulia Navalnaya, will receive the Freedom Prize of the Media from a leading German forum, the Ludwig Erhard Summit. The award is presented annually to public figures who have made significant contributions to freedom of expression, dialogue, and democracy. Recognizing Navalny’s Legacy Aleksei Navalny, a prominent …

Mudra Loans Surge Past ₹5 Lakh Crore Mark in FY24

Mudra Loans Surge Past ₹5 Lakh Crore Mark in FY24

In FY24, small business loans under the Pradhan Mantri Mudra Yojana (PMMY) witnessed a record surge, crossing the ₹5 lakh crore milestone, as per recent government data. Disbursements totaled ₹5.20 lakh crore, a significant increase from ₹4.40 lakh crore in the previous fiscal year. Notably, nearly 70% of the beneficiaries of these loans are women. …

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Legendary Cinematographer Gangu Ramsay Passes Away at 83

Gangu Ramsay, the second-eldest son of FU Ramsay, passed away in Mumbai. He was 83 years old. Gangu Ramsay was a renowned cinematographer and filmmaker who was part of the iconic Ramsay Brothers banner. He contributed to over 50 iconic films under their production house. Iconic Filmography Gangu Ramsay’s filmography includes several horror classics like …

Centre Appoints Manoj Panda as New Finance Commission Member

Centre Appoints Manoj Panda as New Finance Commission Member

The appointment of Manoj Panda fills a vacancy in the Sixteenth Finance Commission, allowing it to commence its duties. Panda, an esteemed economist and former director of the Institute of Economic Growth, joins as a full-time member. Appointment Details Manoj Panda, renowned economist and former director of the Institute of Economic Growth, has been appointed …

IPS Officer Love Kumar Appointed as IG in Special Protection Group

IPS Officer Love Kumar Appointed as IG in Special Protection Group

Indian Police Service (IPS) officer Love Kumar has been appointed as the Inspector General (IG) in the Special Protection Group (SPG) for a period of two years, according to an official notification issued by the Department of Personnel and Training (DoPT). The Appointments Committee of the Cabinet (ACC) has approved this proposal from the Office …

Sagar Kavach 2024: Coastal Security Exercise in Lakshadweep Islands

Sagar Kavach 2024: Coastal Security Exercise in Lakshadweep Islands

A two-day coastal security exercise called Sagar Kavach 01/24 was conducted off the Lakshadweep Islands from April 1-2, 2024. The exercise involved the participation of all maritime security agencies, including the Indian Navy, Indian Coast Guard, Marine Police, Fisheries, Customs, and other security agencies. Objectives and Outcomes The primary objective of the exercise was to …