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Vladimir Putin visits to India $2 billion investment fund Finalised 10 agreements Two military contracts, worth about Rs. 20,000 crore Some issues of disagreement also there To take the initial steps towards operating a “ranging station” that will help accurately fix the location of satellites. Equity participation through ONGC-OVL On Russian president Vladimir Putin’s visit to India, both nations moved further to strengthen their economic relations by inking a pact on a Kremlin-backed $2 billion investment fund and consenting to open talks on a Comprehensive Economic Partnership Agreement (CEPA) that will also involve Belarus and Kazakhstan. At the 12th annual summit, the two countries finalised 10 agreements. Among them were two military contracts, worth about Rs. 20,000 crore.

To encourage investments b/w the two nations, India’s State Bank of India (SBI) and Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) came together to ink an MoU for setting up a$2 billion investment consortium. Both the groups would invest up to $1 billion each in the consortium.

India signs military deal with Russia

• 
  Vladimir Putin visits to India
  $2 billion investment fund
  Finalised 10 agreements
  Two military contracts, worth about Rs. 20,000 crore
  Some issues of disagreement also there
  To take the initial steps towards operating a “ranging station” that will help accurately fix the location of satellites.
  Equity participation through ONGC-OVL

On Russian president Vladimir Putin’s visit to India, both nations moved further to strengthen their economic relations by inking a pact on a Kremlin-backed $2 billion investment fund and consenting to open talks on a Comprehensive Economic Partnership Agreement (CEPA) that will also involve Belarus and Kazakhstan. At the 12th annual summit, the two countries finalised 10 agreements. Among them were two military contracts, worth about Rs. 20,000 crore.

Keshavan bags gold in Asian Championship

Shiva Keshavan of India has won gold medal in luge and has set a new Asian record of 49.590 seconds in the Asian Championship.

What is Luge?

It is a small one- or two-person sled on which one sleds supine (face up) and feet-first. Luge is one of the most dangerous sports in the Olympic games, and the athletes who race down an icy, high-banked track at up to 90 mph (140 km/h). Luge is also an Olympic sport.


Team members: Teams of 1 or 2

Participants compete against a timer; the best timer wins the top position. Lugers compete against a timer and are timed to a thousandth of a second, making luge one of the most precisely timed sports in the world.

Must be some truth in charges against Gadkari: Shinde

New Delhi: There must be some truth in the allegations of wrongdoing against Bharatiya Janata Party (BJP) president Nitin Gadkari, union Home Minister Sushilkumar Shinde said here on Friday.

"If media is reporting that Gadkari has done something wrong then there must be some truth in it," Shinde told reporters on the sidelines of a function here.

India Against Corruption (IAC) member Arvind Kejriwal had last week levelled allegations related to land deals in Maharashtra against the BJP chief.

The latest allegations against Gadkari are about improper business dealings as chairman of the Purti group.

The BJP has said that any competent authority could probe the charges.

(Agencies)

Latest News from India News Desk

Tags: Sushilkumar Shinde, Nitin Gadkari, Charges against Gadkari, Gadkari issue

CBI questions Tejinder Singh, Ravinder Rishi again

New Delhi: CBI on Thursday questioned Lt Gen (retd) Tejinder Singh and Vectra Chairman Ravinder Rishi in connection with alleged bribe offer made by the former to the then Army Chief V K Singh to clear a tranche of allegedly substandard all terrain vehicles.

CBI sources said Managing Director of Vectra group Anil Mansharamani and a city-based businessman were also part of questioning.

The agency sources claimed they had got enough prima facie evidence of Singh's relations with arms dealers, including Rishi, which could have prompted him to make an offer to the then Army Chief.

Singh has denied having any links with Rishi and even said no such offer was ever made by him.

"Investigation will reveal that I am not involved and also the reasons for someone raking it up one and half years after the alleged incident," he had said in reply to an SMS sent for his reaction.

The then Army Chief Gen (Retd) V K Singh had alleged that Singh, who retired as chief of Defence Intelligence Agency in July 2010, offered him a bribe of Rs 14 crore in his office in September, 2010 to clear the purchase of a tranche of 1,676 Tatra BEML trucks, a matter he had reported to Defence Minister A K Antony.

Rishi is a Director in the Tatra Sipox UK which supplied trucks through public sector undertaking BEML.

He is also an accused in CBI FIR related to the truck supply deal.

CBI had initiated a preliminary enquiry in April after getting a formal complaint from the then army chief.

Singh had refuted the allegations and also slapped a defamation case against Gen Singh.

The agency, after six months of preliminary investigation, had converted it into a regular case of alleged violation of Prevention of Corruption Act as it found enough prima facie evidence against Tejinder Singh.

(Agencies)

Latest News from India News Desk

Tags: CBI, Tejinder Singh, Ravinder Rishi, Army bribe case

APJ Abdul Kalam hopes Vision 2020 will be fulfilled in next eight years

Kanpur: Former President APJ Abdul Kalam Azad on Thursday hoped that Vision 2020 would be fulfilled within the remaining eight years in order to bridge the gap between the country's villages and urban areas.

Special attention needs to be paid to villages because till their progress is brought at par with that of the cities, the country cannot develop fully, Kalam said at IIT Kanpur.

While addressing a gathering during the Golden Jubilee celebrations of Student Gymkhana in the institute, he said majority of the country's population resides in villages and their progress is crucial to the integrated development of the country.

This is why necessary developmental programmes need to be undertaken in the villages, which is already happening, he said.

While exhorting students to "pay back the society," he administered oaths to them to use their education in the service of the nation and endeavour for a "corruption free, clean society" for the benefit of future generations.

On the need for financing nuclear tests even as the country faced the challenge of poverty, he said this was a necessity to strengthen India's borders.

Kalam also inspected the wind tunnel faculty of the institute and interacted with teachers on research programmes being carried out here.

(Agencies)

Latest News from India News Desk