First C-295 aircraft inducted into IAF
Ghaziabad (PTI): The first C-295 medium tactical transport aircraft was inducted into the Indian Air Force on Monday, boosting its logistics capabilities.
The induction ceremony took place at the Hindan Air Force Station here in the presence of Defence Minister Rajnath Singh. He later took part in a 'Sarva Dharma Pooja' that was performed in the hangar to mark the occasion.
IAF chief Air Chief Marshal V R Chaudhari along with senior officials of the IAF as well as of Airbus attended the induction ceremony.
The first C-295 aircraft was inducted into Squadron No. 11 of the IAF. It is one of the oldest squadrons of the Indian Air Force (IAF) and is currently based at Vadodara Air Force Station.
The aircraft was unveiled at the hangar after two sliding screens, bearing '11 SQN: Pioneers of C-295 MW', 'Rhinos: The Trailblazers of C-295 MW', and image of the newly-inducted aircraft, moved sideways. One-horned rhino is the emblem of Sqn. No. 11.
The IAF chief had on September 13 received the first of the 56 C-295 transport aircraft two years after India sealed a Rs 21,935-crore deal with Airbus Defence and Space to procure the jets to replace its ageing Avro-748 fleet.
The aircraft had landed in Vadodara on September 20, days after it was handed over to the IAF in the southern Spanish city of Seville.
Airbus will deliver the first 16 aircraft in fly-away condition from its final assembly line in Seville by 2025 and the subsequent 40 aircraft will be manufactured and assembled by Tata Advanced Systems (TASL) in India as part of an industrial partnership between the two companies.
The production of components of these aircraft has already started in the Main Constituent Assembly facility in Hyderabad. These parts will be shipped to the Final Assembly Line in Vadodara which is expected to be operational by November 2024.
Prime Minister Narendra Modi had laid the foundation stone of the manufacturing facility for C-295 planes in Vadodara in October last year. It will be the first military aircraft to be manufactured in India by a private consortium.
The IAF is procuring the C-295 aircraft to replace its fleet of ageing Avro-748 planes that entered the service over six decades ago.
The C-295 is known to be a superior aircraft used for tactical transport of up to 71 troops or 50 paratroopers and for logistic operations to locations that are not accessible to current heavier aircraft. The aircraft can airdrop paratroops and loads, and also be used for casualty or medical evacuation.
The aircraft is capable of performing special missions as well as disaster response and maritime patrol duties.
VIDEO | Defence minister Rajnath Singh formally inducts IAF’s first C- 295 MW transport aircraft into the Indian Air Force at Hindon Airbase in UP's Ghaziabad. pic.twitter.com/MOR5l46KWr
— Press Trust of India (@PTI_News) September 25, 2023
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Trump threatens BRICS countries of 100% tariff if they drop dollar as currency
Washington: President-elect Donald Trump on Saturday warned BRICS countries against any move to replace the US dollar and has sought a commitment from the nine-member group that includes India, Russia, China, and Brazil.
BRICS, formed in 2009, is the only major international group of which the United States is not a part. Its other members are South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates. Over the past few years a few of its member countries, in particular Russia and China, are seeking an alternative to the US Dollar or create own BRICS currency. India has so far not been part of the move.
On Saturday, Trump warned BRICS nations against such a move.
“The idea that the BRICS Countries are trying to move away from the Dollar while we stand by and watch is OVER,” the president-elect said in a post on Truth Social, a platform owned by him.
“We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs and should expect to say goodbye to selling into the wonderful U.S. Economy,” Trump warned.
“They can go find another 'sucker!' There is no chance that the BRICS will replace the US Dollar in International Trade, and any Country that tries should wave goodbye to America,” he said. At the 2023 summit in South Africa, BRICS countries committed to study the feasibility of a new common currency. A proposal in this regard was made by the Brazilian President Luiz Inacio Lula de Silva.
India, an important pillar of BRICS, has said it is against de-dollarisation.
"…ask you about de-Dollarization as a possibility for the world. At times India has expressed interest in alternative currency. It can serve as a reserve mechanism. I wonder how do you see that right now what you see as the role of the dollar and these discussions about your national policy," India’s External Affairs Minister S Jaishankar said during his appearance at the Carnegie Endowment for International Peace this fall.
“I think you have us confused for someone else because we have never actively targeted the dollar. That's not part of either our economic policy or our political or our strategic policy. Some others may have,” Jaishankar said.
“What I will tell you is a natural concern there. We often have trade partners who do not have dollars to take. So, we now have to look at whether we forgo dealings with them or do we find some settlement which works otherwise. So, there's no, I can say malicious intent vis-a-vis the dollar in business. WE are trying to do our business,” he said.
“Sometimes you make it difficult in the use of dollars. We have some trade partners with whom trade in dollars becomes difficult because of your policies. We have to obviously look for workarounds. But for us, as we spoke about rebalancing, we spoke about multiple obviously all of this is also going to reflect on currencies and economic needs,” said the External Affairs Minister on October 1 this year.
