Russia using trained military dolphins to protect warships, satellite pics suggest: Report Russia has a history of training dolphins for military purposes. They are used to retrieve objects or deter enemy divers. MONEYCONTROL NEWS APRIL 28, 2022 / 12:57 PM IST

 

Russians may task the dolphins with counter-diver operations since many of the Russian ships anchored at Sevastopol naval base are vulnerable to undersea attacks, the USNI stated. (Representative pic)

Russia has deployed trained dolphins at its naval base in the Black Sea to possibly protect its fleet from an underwater attack, The Guardian reported.

Russia has a history of training dolphins for military purposes. They are used to retrieve objects or deter enemy divers.

The US Naval Institute (USNI) -- who reviewed satellite imagery of the naval base at Sevastopol harbor in Crimea, and discovered that two dolphin pens were shifted to the base in February when Russia invaded Ukraine.

Sevastopol is the Russian Navy’s most significant naval base in the Black Sea as it sits in the southern tip of Crimea which Moscow had annexed in 2014. The dolphins may be tasked with counter-diver operations since many of the Russian ships anchored there are vulnerable to undersea attacks, the USNI stated.

This could prevent Ukrainian special operations forces from infiltrating the harbor underwater to sabotage Russian warships.

Ukraine had also trained dolphins at an aquarium near Sevastopol, in a programme born out of a Soviet-era scheme but it fell into neglect in the 1990s.

It was revived in 2012 by the Ukrainian navy, but it fell into the hands of the Russians after the invasion of Crimea in 2014. Moscow now plans to expand the scheme.

“Our specialists developed new devices that convert dolphins’ underwater sonar detection of targets into a signal to the operator’s monitor. The Ukrainian navy lacked funds for such know-how, and some projects had to be mothballed,” one source told the Russian news agency, The Guardian reported.

During the cold war, both the Soviet Union and the US used trained military dolphins whose echolocation capabilities would allow them to detect underwater mines, The Guardian report stated.

The US has spent at least $28 million maintaining its own troops of dolphins and sea lions. Currently, the country's 70 dolphins and 30 sea lions -- at a naval base in San Diego -- search for objects and patrol restricted waters.

Both naval animals are intelligent and their natural senses have beat out the capabilities of any machine or computer created by humans, another report stated.

Apart from their echolocation capabilities, sea lions and dolphins have excellent eyesight, and have helped the military find lost devices.

Defence Diary: Eyeing Rs 35,000 crore in export, India's import ban list a good start to tap into foreign markets Making defence PSUs accountable after their modernisation and setting a roadmap for export of platforms de-inducted by the military are a few steps India could take towards meeting this goal. NEWS18

 

                                              Representative image

The chatter lately around India’s arms exports, which has grown louder after India clinched an impressive $375 million BrahMos Supersonic Cruise Missile deal with Philippines, drove me to the thick official data available on the subject.

A quick glimpse at it and up came some impressive numbers throwing light on India’s push towards tapping new foreign markets for export of weapons and sub systems.

Sample this.

Defence exports have grown almost six times from Rs 1,500 crore to Rs 9,000 crore in the past five years.

India exports Personal Protective Equipment, Offshore Patrol Vessels, ALH Helicopter, SU Avionics, Bharati Radio, Coastal Surveillance Systems, Kavach MoD II Launcher and FCS, Spares for Radar, Electronic System and Light Engineering Mechanical Parts, among others, according to the defence ministry.

The exports are going to about 84 countries, with some major export destinations being Italy, Maldives, Sri Lanka, Russia, France, Nepal, Mauritius, Sri Lanka, Israel, Egypt, UAE, Bhutan, Ethiopia, Saudi Arabia, Philippines, Poland, Spain and Chile.

According to a Stockholm International Peace Research Institute (SIPRI) report, India stands 23rd in a list of 25 largest exporters of major arms and has had a 0.2% share of the global arms exports between 2017 and 2021—up from 0.1% in the years prior to that.

Between 2017 and 2021, India’s 50% of defence exports were to Myanmar, followed by Sri Lanka at 25%, and Armenia at 11%.

Aside from the big-ticket BrahMos deal, the Hindustan Aeronautics Limited (HAL) has signed a contract to export the advanced version of Advanced Light Helicopter (ALH Mark III) to Mauritius, which has been operating the ALH and Do-228 aircraft.

India has been eyeing Malaysia among other markets to sell its indigenous Light Combat Aircraft Tejas.

A closer look at data, however, brought out several grim aspects, too.

The share of the India’s private sector, barely a decade old, is about 90% in the country’s overall defence exports. About 50 Indian companies in the private sector have contributed to that.

Data also shows the value of exports by defence public sector undertakings (DPSUs) such as Mazagon Dock Shipbuilders Limited (MDL), Goa Shipyard Limited (GSL) and Hindustan Shipyard Limited (HSL) was ‘nil’ for the financial year 2020-21.

Even the value of exports for other DPSUs such as BEL, HAL, BEML, GRSE, BDL and MIDHANI in 2020-21 was meagre at Rs 376.46 crore, Rs 194 crore, Rs 463 crore (including deemed exports), Rs 87.49 crore, Rs 145 crore and Rs 19.42 crore, respectively.

This data reiterates a long-standing problem with the DPSUs. Their slow pace of production even for their biggest customer -- the Indian Armed Forces -- even as all of them have registered profits in the last five years.

Interestingly, SIPRI, which had put India among the top 25 arms exporters, has also noted in a recent report that despite reducing imports, India continues to feature among the top importers.

India was the third largest military spender in 2021 at $76.6 billion, just behind the United States and China, according to SIPRI.

So how exactly will India, which has been aggressively working to cut imports, meet its Rs 35,000 crore defence exports goal by 2025?

Positive indigenisation lists: A good starting point

As India looks at an exponential increase in defence exports in the next three years, the three positive indigenisation lists brought out by the defence ministry is perhaps a good point to start.

In the last two years, India has brought out three lists with a total of 310 equipment and weapon systems, which will undergo a phased import ban within specified deadlines.

The lists comprise latest high tech platforms such as light weight tanks, naval utility helicopters, missiles, mounted artillery gun systems as well as medium altitude long endurance unmanned aerial vehicles, and loitering munitions.

While the lists were primarily meant to put an end to defence imports, they were clearly drawn considering the manufacturing capabilities of India’s private industry and public sector working in the field of defence.

For exports, select equipment and weapon systems from these three lists could be narrowed down on—with a focus on making their quality superior to generate demands in foreign markets, while scaling up production to meet export orders.

With the private sector contributing majorly to India’s defence exports, there has to be an increased accountability sought from the DPSUs both in terms of quality and pace of production—from research and development to design and development—to meet strict timelines in efforts towards ramping up exports.

It, however, is only fair to expect this after the DPSUs undergo adequate modernisation. Equally critical is augmenting the existing trial and testing infrastructure for defence equipment.

As a parliamentary panel had recommended in a recent report: Development of state-of-the-art equipment and platforms, aside from timely completion and delivery, superlative quality of the products, platforms and equipment, should be ensured and followed by DPSUs.

Policy interventions:

There have been several policy interventions by the government in the last few years towards encouraging defence exports, aimed at not only bringing revenues to the country, but also at strengthening diplomatic ties with other friendly foreign countries.

Creation of a new cell to coordinate export related activities, including enquiries received from various countries and sharing leads with the private sector & public sector companies, notification of a scheme to provide financial support to India’s defence attaches for them to promote exports, increasing validity of an export authorisation are some.

So has been a scheme for promotion of defence exports, which includes providing manufacturers access to the testing infrastructure of defence ministry for validation of their products.

Aside from strengthening these structures, there is no concrete policy on promoting defence diplomacy through exports at present.

India could also look at creating a roadmap on the export of platforms or weapon systems, which have been either de-inducted by the Indian military, or some of those which could be provided to a country at a short notice on their urgent requirement.

Several foreign markets could be in need of it and India should aggressively work towards tapping them.

NEWS18

INDIAN JUDICIARY IN THE CLUTCHES OF COURT FIXERS ?

 

" Lawyers decide what you want to decide Some of the country's top lawyers have become the biggest fixers in the Supreme Court today..."_* 
***********************

A few months ago, there was a program on a TV channel featuring former Chief Justice of India Ranjan Gogoi, who was then a Rajya Sabha MP, Trinamool Congress MP Mahua Moitra and many others.

When the anchor questioned former Chief Justice Ranjan Gogoi about the Indian judiciary, former Chief Justice Ranjan Gogoi said that although I wanted to, I could not reform the Indian judiciary because our judicial system is under the control of some big brokers (fixers). And these big fixers run their justice system the way they want it to.

At the event, Justice Ranjan Gogoi raised even bigger questions on the judiciary, such as, if India wants to build a 5 trillion economy, it cannot have a 5 trillion economy unless India changes the justice system because India's judiciary is so fragile and crumbling. It is weakening not only the country but also the economy and the fabric of this country.

 *He further said that India's justice system can never do justice to the middle class or the poor and it is a bitter truth that if you are a billionaire with a lot of money then you will get justice and your lawyers will tell the judges what to do.*

 *Lawyers decide what you want to decide Some of the country's top lawyers have become the biggest fixers in the Supreme Court today.* 

 *Justice Ranjan Gogoi's statement has not been acted upon by the Supreme Court as every Supreme Court judge knows that he is in the clutches of big fixers like Dushyant Dave, Kapil Sibal, Abhishek Manu Singhvi, Prashant Bhushan and these people run the Supreme Court of India as they please* .

 *How bitter Justice Ranjan Gogoi was, I think it would have been better if he had given some examples and some names.* 

 *There are two cases, both are very similar* 

 *BJP leader Kirit Somaiya was accused by the Maharashtra government of accepting donations from the people to save INS Virat and did not give any account of those donations to the government. He applied for pre-arrest bail in three courts, but all three courts did not grant him pre-arrest bail.* 

 *Now look at another example, Teesta Javed Sitalwad, who was baking bread during the Gujarat riots, received donations of around Rs 100 crore from various countries including Gulf countries, US and UK. She used the trust's money to buy gold jewelry at Dubai airport or duty-free liquor at the UK airport, while another trustee of the same trust, Sabrang, lodged a complaint with the police.* 

 *The police initially investigated for 6 months, collected all the evidence, after which the police went to Mumbai to arrest Teesta Javed.* 

Teesta Javed did not open the door of his house for 10 minutes, a police station in the area received a Supreme Court decision in the mail that Teesta had been ordered to stop his arrest.

 It is learned that Kapil Sibal passed the order over the phone to a Supreme Court judge, meaning it was the first time in India's history that the Supreme Court had ordered a telephone hearing and ordered a telephone hearing in just 3 minutes.

Exactly the same happened in the case of Rana Ayub, who also did not audit the donations collected in the name of Gujarat riots and made a term deposit of Rs 5 crore in the name of his father. While she was going abroad, there was all the evidence against her and while stopping her from going abroad, the Mumbai High Court said that the amount of Rs 5 crore was not such a big amount that it should be considered as a big fraud.

 *I remember when a bus conductor had to fight for 40 years because he did not pay 20 paise, then our court system did not say that 20 paise is not a big amount.* 

 *Now look at the example of yesterday's Jahangirpuri* .

 *After the bulldozer reached Jahangirpuri at 10.30 am, Ulema's lawyers Kapil Sibal, Dushyant Dave and Prashant Bhushan went straight to the Supreme Court at 10.31 am and at 10:45 am the Supreme Court granted stay.* 


 *I was surprised. How could such a case be heard and ordered so quickly when the judiciary of India, i.e. the lower court, the high court and even the apex court were not taken into consideration?* 

In other words, Justice Ranjan Gogoi rightly said that the Indian judiciary is in the hands of every court fixer in India.


https://youtu.be/08MU_kzONH8 [26/04, 10:04] DEVULAPALLI MURTI:

Japan cancels plan to pick up aid from India :ET BureauLast Updated: Apr 28, 2022, 06:20 AM IST

 Synopsis

The Japan government on Tuesday informed the ruling Liberal Democratic Party of a new plan that does not include India in transporting humanitarian aid supplies to Ukrainian refugees on Japanese Self-Defense Forces (SDF) aircraft, ET has learnt.

Japan has dropped the plan to send its aircraft to India to pick up humanitarian aid destined for Ukraine, after India denied landing permission to Japan's air force planes. It instead allowed commercial aircraft, keeping sensitivities in mind.

The Japan government on Tuesday informed the ruling Liberal Democratic Party of a new plan that does not include India in transporting humanitarian aid supplies to Ukrainian refugees on Japanese Self-Defense Forces (SDF) aircraft, ET has learnt.

Japan will now transfer supplies only from the United Arab Emirates instead of India, according to the new plan.

"The transport will begin in early May, rather than late April as originally planned, and continue until June-end at a pace of one flight per week. Blankets and other supplies will be loaded aboard C2 transport aircraft and flown to Poland and Romania, which have accepted a large number of Ukrainian refugees," according to a Nikkei report. "Japan will send the supplies at the request of the Office of the United Nations High Commissioner for Refugees."

Overflight Request Cleared

Japan will "carry out the mission as a 'humanitarian international aid program' under the law for cooperation in peacekeeping operations. The government originally planned to pick up UN aid supplies aboard the aircraft in India in addition to the UAE," according to Nikkei.

Last week, an external affairs ministry spokesperson stated, "We had received a request from Japan for permission to land in Mumbai to pick up humanitarian supplies from the UNHCR depot for Ukraine and its neighbouring countries. We have conveyed our approval for picking of such supplies from India using commercial aircraft."

Read more at:
https://economictimes.indiatimes.com/news/india/japan-cancels-plan-to-pick-up-aid-from-india/articleshow/91137548.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Can you change your tourist visa into a student or work visa once you've landed in the US? ET

 

The answer is yes, you can, but should you?

A change of status means a change in your intention. For example, when you obtain a visa and enter the USA, you would have expressed to the US government your intention of a brief visit. The change in such intention can be construed to be deliberate and preconceived. If such preconception is deemed misleading, you could be barred from entering the US for ever.

Typically, when you obtain a visitor visa (for business or tourism), you inform the consulate that the duration of your visit will be short, no more than six months. Then, when you arrive at the US port of entry, you again inform the interviewing officer the same. The US State Department (DOS) holds that there is a presumption of misrepresentation if you try to apply for a change of status within 90 days of  entry into the US. Further, the burden lies on you to prove that you did not misrepresent your true intention when you obtained the visa or when you were interviewed at the port of entry.

Activities that May Indicate a Possible Violation of Status or Conduct Inconsistent with Status

The DOS notes the following objectionable activities as examples of violation of the 90-day rule:

• Engaging in unauthorized employment on B1/B2 nonimmigrant status 
• 
  
• Marrying a United States citizen or Green Card holder and taking up residence in the United States. To establish that an applicant took up residence in the United States before/after marriage, the consulate may consider whether: you have signed a long-term lease or a mortgage; there are any bills in your name; you have obtained a local driver’s license; and any other evidence that indicates you have taken up residence in the United States)
• 
  
• Undertaking any other activity for which a change of status would be required without first applying for and receiving a change, such as starting an unauthorized education program without first obtaining a student status.
• 
  
• Inconsistent Conduct After 90 Days
  If you violate your status or engage in conduct inconsistent with your status more than 90 days after admission to the United States, no automatic presumption of willful misrepresentation arises. However, the consulate can still examine the totality of your circumstances to assess if you have made a misrepresentation.
• 
  
• Legal Elements of the Misrepresentation Bar
  To permanently bar a person from entering the US, the government agencies evaluate the following elements:
  
  
  • You affirmatively made a misrepresentation such as in an oral interview, in written applications, or by submitting evidence containing false information. Note that silence or the failure to volunteer information does not in itself constitute a misrepresentation under this set of laws.
  
  
• Misrepresentation Must Have Been Before a U.S. Official, usually either a consular officer or a Department of Homeland Security officer at the port of entry.
• 
  
• The misrepresentation was willfully made. The term "willfully" means knowingly and intentionally, as distinguished from accidentally, inadvertently, or in an honest belief that the facts are otherwise.
• 
  
• The fact misrepresented is material, that is, relevant to your application or the agencies’ examination of thefull facts.
• You must have made the misrepresentation on your own visa application or application for admission to the United States (not someone else’s), including any information provided in support of the application. For assisting someone else in making a misrepresentation, another set of laws could be applicable.
• 
  
• You could be held responsible for misrepresentations made by your agent (such as a travel agent) or lawyer if you were aware of it.
• 
  
• The applicant by using fraud or misrepresentation
• 
  
• You sought to procure or procured a visa, other documentation, or admission into the United States. You are not required to have been successful; even an attempt is sufficient to complete the act of misrepresentation.
• 
  
Note that a timely retraction could protect you from the worst consequences of a misrepresentation. Whether a retraction is timely depends on the circumstances of the case. Generally speaking, a retraction is timely if made at the first opportunity and before the conclusion of the same proceeding during which the misrepresentation was made.
• 
  
• 
  
• Thus, while a status change is a possible option, it may not be the most appropriate one. Departing the US to apply for a new visa for the desired activity may be the best course of action in many, if not most, cases.
  
  
  Read more at:

  https://economictimes.indiatimes.com/nri/migrate/can-you-change-your-tourist-visa-into-a-student-or-work-visa-once-youve-landed-in-the-us/articleshow/91118290.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
• 
  
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• Used here for Educational purposes only.
• 
  
• This article was contributed by Mr.Rajiv Khanna in ET
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THE WEST IS FUMBLING.WE MUST RECLAIM OUR LEADERSHIP

 ॥ उत्तिष्ठ भारत ॥ Vidyalay, Gautam Adani, is worth more than all the graduates of all the IITs, IIMs, St Josephs, and the West Coast success stories combined.

.
Now two of the top ten largest businesspersons in the world eat vegetarian daal-bhaat with their hands, do pooja and touch feet of elders. 
.
India is not about software. The English-medium mentality that we must speak English is founded on the assumption that we were born to serve the West. 
.

FAINTING OR SLUMPING IN THE BATHROOM

 

*What is the cause?*
 
We always hear of people who have stroke after a fall in the bath.  
Why have we not heard of falling elsewhere?

When I took part in a healthy lifestyle course, a National Sports Council Professor, who also participated in the course, advised that:

 👉 the head should not be washed first in the process of taking a bath (even washing of the hair).

👉 other parts of the body should be cleaned first.

This is because when the head is wet & cold, blood will flow to the head to warm it up.

👉 If the blood vessels have narrowed, it is likely to cause the blood vessels to rupture.

Since it usually happens in the bathroom, be sure to raise the awareness to avoid this happening again.

*Cocrrect process of taking bath:*

 👉 Start the wetness from the sole of the foot.

 👉 Progress to the Small legs, the thigh, abdomen & then shoulder.

At this point, pause for 5-10 seconds.

 👉  A feeling like steam/wind overflowing from the body may be observed; & then take a shower as usual.

 *Wisdom* 

When a glass is filled with hot water & then suddenly emptied & filled with cold water; what happens?
 👉 The glass will burst

Then, with regards to the human body, what happens?

Naturally, the body temperature gets very hot, whereas the water remains very cold,

👉 A cold shower on the body or the head directly would suddenly trap the wind, or deaden it, because the blood vessels get broken.

This is why people often suddenly fall over in the bathroom. And that often causes a stroke or causes a migraine.

 *Advice:*

🚿This bathing method is suitable for all ages, especially those with Diabetes, High Blood Pressure, Cholesterol & Migraine/Headache
Please, don't only just get enlightened by this; kindly share with your families & friends as well.

*( Take Care )*

Yes Bank-DHFL case: Rana Kapoor, Wadhawans laundered money worth Rs 5,050 crore, says ED :-ET

 

The Enforcement Directorate (ED) has alleged that Yes Bank

 co-founder Rana Kapoor and Dewan Housing Finance Limited (DHFL) promoters Kapil and Dheeraj Wadhawan siphoned off funds worth Rs 5,050 crore through suspicious transactions.The ED said this in its second supplementary (third overall) charge sheet filed in special court here recently against Rana Kapoor, his family, Wadhawans and others in a money laundering case.

During the investigation, it came to light that a big part of the proceeds of crime (POC) generated in this case has been siphoned off overseas by Rana Kapoor and hence they are not available for attachment directly under the provisions of Prevention of Money Laundering Act (PMLA), it said.

"Rana Kapoor, DHFL promoters Kapil Wadhawan, Dheeraj Wadhawan and others were involved in criminal conspiracy with each other in illegal diversion and siphoning off of funds through suspicious transaction of Rs 5,050 crore," the central probe agency claimed in its fresh prosecution complaint (charge sheet) filed recently.

The ED said investigation has revealed that Yes Bank had bought debentures worth Rs 3,700 crore between April 2018 and June 2018 from DHFL. Therefore, the amount was transferred to DHFL. Subsequently, DHFL gave a loan of Rs 600 crore to DOIT Urban Ventures Pvt Ltd (an entity, beneficially owned by Rana Kapoor and his family).

Read more at:
https://economictimes.indiatimes.com/news/india/yes-bank-dhfl-case-rana-kapoor-kapil-and-dheeraj-wadhawans-laundered-money-worth-rs-5050-crore-says-ed/articleshow/91026224.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Hina Rabbani Khar, Pakistan's first woman foreign minister, back in key role in Shehbaz Sharif cabinet Hina Rabbani Khar entered politics in Pakistan at 25 after a foreign education, surprisingly winning in her conservative and rural constituency. STELLA DEY APRIL 20, 2022 / 09:58 AM IST MONEYCONTROL NEWS

 

Hina Rabbani Khar was Pakistan's first woman and youngest foreign minister.

Hina Rabbani Khar, Pakistan's first woman foreign minister in the last Pakistan Peoples Party government, was named junior FM in the newly formed Shehbaz Sharif cabinet.

Khar, who at 34 became Pakistan’s first and youngest woman to helm the key position back in 2011, had received celebrity treatment on her maiden visit to India that time with a consistent media frenzy around her lavish style and expensive accessories.

And in her brief two-year tenure as the foreign minister, the US-educated Khar had carved out a foreign policy that was perceived to improve relations with Pakistan’s neighbours India and Afghanistan.

Her return to the crucial deputy’s role, that is likely to see Bilawal Bhutto Zardari, 33, take oath as the foreign minister in the next few days, has triggered significant chatter again. Sharif has not yet named the new foreign minister and announced 34 members so far.

She is just one of the five women ministers to be inducted in Sharif’s cabinet along with Marriyum Aurangzeb, Sherry Rehman, Shazia Marri and Aisha Ghaus Pasha.

Khar was a cabinet member in the government of General Pervez Musharraf and seamlessly transitioned to being a popular minister in President Asif Ali Zardari’s government a decade ago.

She entered politics at 25 after a foreign education surprisingly winning in her conservative and rural constituency. Coming from a wealthy, landowning family from southern Punjab in Pakistan, the scrutiny around Hina Rabbani Khar’s lineage, money and looks reached the peak during her India visit.

Her sophisticated clothes, Cavalli sunglasses and a $9,000 Hermes-made Birkin bag drew significant attention with casual sexism thrown around in headlines that time. She dismissed the scrutiny and had refused to change how she was in interviews back then.

Her comments on Kashmir in 2016 also became a talking point after she said how “conquering” the Indian union territory through war was not an option.

“I believe that Pakistan cannot conquer Kashmir through war and if we cannot do that, the option we are left with is dialogue, and dialogue can only proceed with a partner with which we have normal relations and a certain level of mutual trust,” she told a news channel in Pakistan. She has consistently batted for better ties with India.

She quit active politics after her two-year stint as foreign minister in 2013 but remained a public speaker. She returned to politics in 2018 and was elected on a reserved seat for women in the National Assembly in the 2018 election by the PPP.

Used here for educational purposes only as it not a commercial blog.

JUST AS IN INDIA WE HAVE RAJNIKANT JOKES, IN RUSSIA IT SEEMS THEY HAVE PUTIN JOKES-

*When Putin was late for school, the teacher punished the whole class for being early*

*When Putin's phone rings in the theater, they pause the movie.*

*Doctor: "You have* *Cancer".*
*Putin: "Tell it, it has two weeks to live".*

*When Putin looks in the mirror, there's no reflection because there is only 1 Putin.*

*When Putin was born, he named his parents.*

*Putin Arriving at Foreign Country's Airport:*
*Customs Officer: "Occupation?"*
*Putin: "No, just visiting."*

*Putin calls 911 to ask what is their emergency.*

*This guy never flushes the toilet, he just scares the shit out of it.*

*When Putin was born, he slapped the doctor for not crying.*

*When Putin didn't go to school, the school declared it a Holiday.*

*Stop calling him Russian James Bond. James Bond is British Vladimir Putin.*

*When Putin creates an account, the terms and conditions agree with him.*

*When Putin coughs, Covid wears a mask.*🤣😂😂🤣😂🤣😂🤣

CESTAT nod for ₹253-crore Central VAT credit to Jio By Anuradha Shukla , ET BureauLast Updated: Apr 22, 2022, 12:11 AM IST

 

In a relief to Reliance Jio, the Mumbai bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that 4G mobile towers are movable in nature and eligible for central value added tax (CENVAT) credit.

It allowed the telecom major CENVAT credit worth ₹253 crore.

The tax department objected to the claim saying that goods on which CENVAT credit had been taken by the appellant did not qualify either as 'capital goods' or 'inputs' under the 2004 Rules.

"...telecom towers in the present case are not immoveable property, and since immovability of such towers was the only ground for rejection of the refund claim, it has to be held that all such items on which CENVAT credit was taken as 'inputs' are eligible for credit as inputs," the CESTAT order said.

Reliance Jio had availed CENVAT credit of ₹253 crore during the period March 2014 to June 2017. Of this, ₹244 crore credit was availed as 'inputs' and credit of ₹9.49 crore was claimed towards capital goods.

Read more at:
https://economictimes.indiatimes.com/industry/telecom/telecom-news/cestat-nod-for-253-crore-central-vat-credit-to-jio/articleshow/90988508.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

Meet Russian actor supporting Ukraine. Was disowned by mother, called traitor Russia-Ukraine war: Jean-Michel Shcherbak, 30, regularly posts videos from besieged Ukrainian cities to counter Russia's version of the conflict. MONEYCONTROL NEWS APRIL 20, 2022 / 01:04 AM IST

 

                                     (Image credit: iam_jeanmichel/Instagram)

Jean-Michel Shcherbak, a Russian actor and model, is contesting his country’s version of the events in Ukraine by sharing photos and videos from the ground of Russian onslaught -- forwarded to him by his Ukrainian friends.“When the Russian army says it doesn’t attack properties, I post (videos and photos) of destroyed areas,” he told CNN in an interview.

Shcherbak has visited Ukraine in the past and still cannot believe the horror that is unfolding there.

He has become a trusted voice for Ukraine but his advocacy has come at a cost: a strained relationship with his mother.

Shcherbak is now in Germany. Before he left Russia, he had written a letter to his mother and sent some money. What she told him in response was shattering.

“I don't communicate with Russophobes and traitors to the Motherland," she said, according to Business Insider’s translation of her text messages to Shcherbak, which he shared on his Instagram page. "I sincerely wish you would give up your Russian passport and leave this country in any direction. You are no longer my son. There will be no traitors in my family."

RHI Magnesita's capex plans timed well to tap surging demand ;-Source ET Prime -Used here for educational purposes only.

 Synopsis

RHI's parent has committed to supply magnesite, a raw material, from its global mines. This will give RHI an edge over domestic peers such as Vesuvius, IFGL Refractories and Tata Krosaki - none of which are backward-integrated and are dependent on Chinese imports for raw material.

ET Intelligence Group: The stock of RHI Magnesita India, which provides refractory products to the manufacturing industry including steel, non-ferrous metals, cement, and glass, has gained 58% so far in 2022, notwithstanding the broader market volatility.

Despite the gain, the stock still trades at a valuation below some of the other multinational manufacturing companies.

The company's multinational parent has plans to make the Indian subsidiary its global manufacturing hub. RHI has a nearly 20% market share in the Indian refractories segment.

The domestic steel sector is expected to grow by 8% annually in the current decade, which bodes well for the company.

The company plans to double the capacity to 280,000 tonnes by FY23 for an investment of ₹450 crore. It is also looking at acquisitions for a speedy expansion.

ET Bureau

RHI's parent has committed to supply magnesite, a raw material, from its global mines. This will give RHI an edge over domestic peers such as Vesuvius, IFGL Refractories and Tata Krosaki - none of which are backward-integrated and are dependent on Chinese imports for raw material. Due to higher raw material costs, the profitability of peers suffered in the December quarter.

On the other hand, RHI's sales and operating profit before depreciation and amortisation (Ebitda) for the December quarter grew 41% and 62% year-on-year and 26% and 61% quarter-on-quarter, respectively.

Despite the cyclicity in the steel industry, the refractory segment has shown consistent growth in the past six years. RHI has been the leader in terms of Ebitda margin, which ranged between 16% and 19% and return on equity was in the range of 25% to 30%.

At around ₹590, the stock trades at 39 times FY22 estimated earnings. Other MNCs supplying to the manufacturing industries such as Kennametal, Grindwell Norton and ESAB India trade at 57, 66 and 55 times FY22 estimated earnings, respectively, despite lower growth, margins and return ratios.

(Originally published on Mar 22, 2022, 04:16 PM IST)

IT IS HARD TO BEAT ISRAELI TECHNOLOGY :-SHALOM

 What a simple and brilliant idea! I particularly like the 'spare' seat announcement!!

 It's hard to beat Israeli technology!
 
 TEL AVIV, Israel - The Israelis are developing an airport security device that eliminates the privacy concerns that come with full-body scanners.  

It's an armoured booth you step into that will not X-ray you, but will detonate any explosive device you may have on your person.

Israel sees this as a win-win situation for everyone, with none of this crap about racial profiling. It will also eliminate the costs of long and expensive trials.
 
You're in the airport terminal and you hear a muffled explosion.  Shortly thereafter, an announcement:   "Attention to all standby passengers, El Al is pleased to announce a seat available on flight 670 to London.  Shalom!”