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Armed forces need modernisation: Antony
Taking charge as the defence minister for the second time, AK Antony on Monday laid out the roadmap for India’s armed forces — modernisation and transparency. Antony’s very first day in office was marked by India receiving the state-of-the-art AWACS (Airborne Warning and Control System) platform from Israel. The Indian Air Force (IAF) is slated to get two more AWACS platforms, which is miles ahead of ground-based radars in detecting incoming missiles, enemy aircraft and monitor troop movement.

India agrees to allocate extra funds for 'Gorshkov' refitting
India and Russia have finalised a new price for the aircraft carrier "Admiral Gorshkov" after months of protracted negotiations and the refitted warship would be delivered to the Indian Navy by 2012, top Russian officials said today.

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JLR secures 170 mn pound loan from GE Capital: report
Tata group-owned Jaguar Land Rover (JLR) has secured a 170 million pound (about $284 million) loan from GE Capital in a move to strengthen its financial position, media report says.
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Telangana backlash, govt may mull second SRC

As a political backlash erupted in Andhra Pradesh over the decision to put Telangana on the backburner, the Centre was today said to be considering setting up a States Reorganisation Commission (SRC) amidst pressure mounted by pro-Telangana leaders. - Govt to review FDI rules every six months - One-sided decision can"t be taken: Govt on Telangana - Govt begins hunt for DGH head - Govt approves development of 352 km of highways at Rs 2,973 cr - Sebi well within rights to act against RIL: MCA - Govt likely to issue statement on Telangana Eleven Congress MPs from Telangana region today submitted their resignation to party President Sonia Gandhi in the wake of government statement they feared would delay indefinitely the process forming the new state. The MPs who met in Andhra Bhavan in Delhi later called on Ahmed Patel, Political Secretary to Congress President. One of the MPs Madhu Yashki told reporters after the meeting that Patel assured them that there would be no "deviation" on the December 9 announcement on initiating steps for the creation of Telangana. Yashki said that Patel acknowledged that there were doubts that have arisen following yesterday"s statement. In the state, over 70 MLAs cutting across party lines, two TDP MPs and a state Minister resigned their posts to protest against last night"s announcement by Home Minister P Chidambaram in which he had said that there was need for wide ranging consultations on Telangana. With the issue turning politically volatile, the Centre may be mulling a proposal to constitute the second States Reorganisation Commission to go into Telangana and demands for bifurcation of other states in a bid to buy time. However, TRS Chief K Chandrasekhar Rao has rejected it, saying such a proposal "is not at all acceptable". "We feel it is an insult," he said after the first meeting of the Telangana Joint Action Committee in Hyderabad.


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