In insight into PNS Ghazi, the Pakistan Navy's prized submarine that now lies embedded in the Vizag seabed about 1.5 nautical miles from the breakwaters.
Replying to a question in Rajya Sabha, Minister of State for Finance Nirmala Sitharaman said the drive against tax evasion is an ongoing process and the government has taken various steps under a multi-pronged strategy to deal with the issue of black money.
Indian naval personnel observed the 46th Navy Day on Monday with various parades across the country. On the occasion, Prime Minister Narendra Modi, President Ram Nath Kovindand many others extended their greetings to the Indian Navy with a feeling of utmost happiness and pride.
The terrorist attack on Karachi's Mehran Naval Station on May 22 was conceived and launched by India with the primary objective of killing the Chinese engineers present there, a Pakistani newspaper has claimed, citing 'informed sources'.
The Patel quota agitation leader formed the Patel Navnirman Sena bringing together the Patels, Kurmis and Gujjars.
Stock indices slip on fears that income tax department will go after offshore derivatives
A Chinese-made fast attack craft armed with missiles was inducted into the Pakistan navy on Thursday, with Joint Chiefs of Staff Committee chairman Gen Khalid Wynne saying the vessel's firepower would help strengthen the defence of the country's territorial waters.
Three senior Pakistani Naval officers will face court martial for their alleged negligence during a terrorist attack on Mehran airbase in Karachi that left 10 security personnel dead and two surveillance aircraft destroyed.
The Indian Navy on Saturday dismissed Pakistan's allegation that an Indian warship had brushed PNS Babar escorting MV Suez, a merchant vessel released by Somali pirates, saying the "reports of aggression" are "incorrect and based on misinformation".
Foreign institutional investors (FIIs) will have to provide more details of their activities in Indian equity markets to the capital markets regulator from April.
A Pakistani marine commando posted at the PNS Mehran naval airbase, which was attacked by terrorists on Sunday, was arrested in January for his links with militants. The marine commando had warned about an impending attack.
The terrorist attack on a key Pakistani naval airbase last month during which 10 security personnel were killed and two maritime surveillance aircraft destroyed was carried out with "inside support", senior Pakistani military officials told a Parliamentary panel.
The recent attacks against military installations in Pakistan, including the recent attack on the Mehran naval base, point to the role of some insiders. However, renowned Pakistani commentator Amir Mir says the jihadist elements with the military are sprinkled on among the lower-rung.
US supplied surveillance jets were the "prime targets" of Taliban militants who possibly received "inside support and help" for their Rambo-style attack on Mehran naval airbase in the Pakistani port city of Karachi
Pakistani senior journalist Syed Saleem Shahzad, who went missing on Sunday, is in the custody of Inter-Services Intelligence, according to the Human Rights Watch. He invited the wrath of the powerful intelligence agency after he wrote an investigative piece about the recent attack by the Al Qaeda on the PNS Mehran naval base in Karachi.The HRW has learnt through credible sources that Shahzad is in custody of the ISI.
Pakistan on Wednesday suspended a top commander of the country's major naval air base, three days after a brazen attack by Taliban militants, which killed 10 navy personnel and destroyed two spy planes in the port city Karachi, television channels reported.
The navy sent its warships away from the main base in Karachi as a "precautionary measure" after the 16-hour siege of PNS Mehran airbase on May 22, The Express Tribune reported on Friday, quoting navy sources.
Six Indian sailors, who were part of the 22-member crew of MV Suez vessel that was recently freed by Somali pirates, on Thursday reached Karachi harbour and would be sent back to India soon.
The 22 crew members, including six Indians, of Egyptian merchant vessel MV Suez will reach Karachi before being sent back to their respective countries, Pakistani human rights activist Ansar Burney has said. Burney, who has played a pivotal role in securing the release of the crew, hoped the return of the Indian sailors would be a "gift" to India. Besides the six Indians, there are five Pakistanis and one Sri Lankan among the crew.
The United States will replace two P-3C Orion maritime surveillance planes of the Pakistan Navy that were destroyed in a terrorist attack on a naval airbase in Karachi last month, according to a media report on Saturday.
A day after shifting the base commander, the Pakistani Navy on Thursday said that all personnel deployed at Mehran airbase would be probed following reports that the attackers might have had inside help.
Suspected militants stormed an airbase in Karachi late on Sunday night, rocking one of Pakistan's heavily guarded military installations with fiery explosions and leaving at least 10 people dead just three-weeks after the death of Al Qaeda leader Osama bin Laden.
Market regulator SEBI on Tuesday relaxed the reporting requirement on lending of securities by FIIs for the purpose of short selling.
The Pakistan Navy is considering setting up an organisation assigned to oversee all the maritime authorities of the country to minimize the chances of a terrorist attack being launched from its land and waters.
Pakistan has signed a $65 million deal with the United States for the "hot transfer" of refurbished American frigate USS McInerney by August 31.
Pakistan Navy's surface warfare capabilities got a boost as it received first of the three missile-carrying Chinese F-22P frigates.
The government on Friday said total value of Participatory Notes holding Indian shares was Rs 1,03,579 crore (Rs 1.03 trillion) at the May-end and there is no definite trend in the PNs issued since November.
Today, the Sensex crossed the 19,000-mark again and hit new heights on the back of brisk buying by funds, after Sebi cleared its stand on P-notes.
So what are these participatory notes? And why do they have this huge impact on the Indian securities markets? Read on
The move is aimed at arresting the surge in foreign inflows through PNs, which are offshore derivative instruments that allow foreign investors to invest indirectly in a country's stock market (see table), which has seen the benchmark BSE Sensex zoom more than 5,000 points in two months.
Ghazi is made in Telugu and Hindi and it will dubbed in Tamil.
China has completed building the first of the four frigates ordered by Pakistan three years ago. The warship, capable of operating in a multi-threat environment, will be launched at the Shanghai shipyard on April 7.It is for the first time that Pakistan's navy is purchasing a major fighting unit from China, in a deviation of earlier trend of procuring such military hardware from the West, including Britain and France.
The announcement made by Sebi chairman M Damodaran that new rules on Offshore Derivatives Instruments such as PNs have come into effect in-line with the proposals made last week has put to rest all the confusion over the whole issue and normalcy is set to return to the bourses, a broker said.
"The CPI(M) is of the firm opinion that PNs should be prohibited, as has been recommended by the RBI," a statement issued by the CPI (M) Politburo said, coinciding with the market meltdown on the SEBI's proposals to curb such offshore derivatives. The CPI (M) said massive pull-out of funds which induced a huge fall in the market reflected defiance of regulatory institutions by the FIIs.
Reserve Bank has expressed dissent at the finance ministry panel's suggestion on allowing foreign institutional investors to issue Participatory Notes and allowing them to take exposure in India's debt instruments.
The stock market nearly made up for the 1,744 points it tanked on Wednesday after the government and regulator SEBI reassured investors there was no move to ban Participatory Notes (PNs) but only curb funds inflow.
The proposed clampdown on participatory notes (PNs) by Sebi had its desired impact on the markets - the Sensex opened with a huge negative gap of 5.3% (1,014 points) at 18,038. The index soon plunged to a low of 17,308 - down 9.2% (1,744 points) - following which trading was suspended for one hour - only the 3rd instance in the last three years.The Sensex finally ended with a loss of 336 points (1.8%) at 18,716.
Reiterating that there was no change in policy on foreign institutional investors' investment in India, Securities and Exchange Board of India said on Friday that FIIs will have to phase-out derivative instruments like participatory notes
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