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Dec 16, 2019, 02.01 PM IST



Russia's only aircraft carrier on fire in port: News agencies

The Admiral Kuznetsov has been undergoing repairs for more than two years in Murmansk and suffered previous damage in October 2018 when a crane crashed onto its deck. State news agency RIA Novosti quoted a source in the Zvezdochka shipyard as saying the fire broke out during welding operations. Initial reports said three workers were missing.

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  • Navy Chief Admiral Karambir Singh, speaking at an annual press conference, also assured the nation that the Navy is fully prepared to deal with national security challenges. On the challenges in the neighbourhood, he said no action of any other player in the region should impact us."We are ready to work with like-minded nations in the region," he said.

    The long-delayed project, which was to be completed by 2018, is now back on track, with senior officers saying that the 37,500-tonne aircraft carrier will initially operate MiG 29K fighters and could also feature indigenous combat aircraft.

    The navy has reworked its plan of having 200 warships by 2027, in view of its fund crunch. Navy Chief Admiral said that the navy’s share of the defence budget has decreased to 13 percent this financial year from 18 percent in 2012. Another senior official said that the navy has approached all forums of the government for getting additional funds.

    Naval Officer-in-charge, Bengal Area, Commodore Suprobho De said the Indian Ocean has some choke points which help the Navy in keeping an eye on the activities in the region, including the Bay of Bengal.

    The Navy Chief said the first indigenous aircraft carrier (IAC) will be fully operational by 2022 and it will have a fleet of MiG-29K aircraft. He said the second IAC will be 65,000 ton CATOBAR aircraft carrier with electric propulsion and that Navy will shortly approach the government seeking approval for the project.

    The West Bengal govt is setting up a museum featuring the 'Albatross' and it is likely to be thrown open to the public by mid-2020, Commodore Suprobho De said. "A TU-142 aircraft has been handed over by the Navy to M/S Taneja Aerospace on November 15 for dismantling, transportation and reassembly towards setting up a TU museum at Kolkata," he said.

    Stocks of the airline carrier have been on a losing streak lately, falling over 18 per cent.

    Taiwan's defense ministry said the southbound Chinese fleet passed into the Taiwan Strait but stayed on China's side of the waterway that separates the island from China. The ministry said Taiwan scrambled ships and jets to monitor the fleet. U.S. and Japanese ships were also following the Chinese fleet, the ministry said without giving details.

    Air Costa is the second Indian airline, after Jet Airways, to undergo court-monitored debt resolution process under the Insolvency and Bankruptcy Code. Aviation regulator Director General of Civil Aviation had in June 2017 suspended the flying licence of the airline, making it officially wind up operations.

    Airtel and Vodafone Idea hold the majority of these liabilities, which the DoT has sought through a process started last week. For Airtel, dues are around Rs 35,586 cr - Rs 21,682 cr as LF and Rs 13,904 cr as SUC excluding Tata Tele and Telenor - while for Voda Idea they amount to Rs 53,038 cr, of which Rs 28,309 cr in LF and Rs 24,730 cr in SUC.

    Hindalco Industries is betting big on the packaging and transport containers segment. The move is due to the low per capita use of aluminium in the country which is at 2.6 kg now and being the largest producer of the metal, it gives an added advantage to the AV Birla flagship. The domestic packaging industry is a USD 35 billion and is growing at around 25 percent annually.

    The selloff-bound airline had on October 30 floated bids from banks/ financial institutions to refinance its existing bridge-loan facility worth $819 million or worth over Rs 5,800 crore by November 14. The financial bids were to scheduled to be closed on November 14. The carrier is seeking to refinance six Boeing 787s and one B777.

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