World Bank retains projections for India's economic growth at 7.5%

Current Affairs

After the weak gross domestic product (GDP) data, India has something to cheer about. The World Bank has retained projections for India’s economic growth at 7.5 per cent for the current fiscal year even as it cut global economic expansion by 0.3 percentage points.
In its Global Economic Prospects report, the World Bank, however, pegged the growth at the same pace of 7.5 per cent for the next two fiscal years.
For the current fiscal year, the growth is quite high, given the fact that India’s economy grew just 6.8 per cent in 2018-19, a five-year low. Also, the growth plunged to 5.8 per cent in the fourth quarter of the fiscal year, also a five-year bottom. Also, the International Monetary Fund (IMF) had earlier cut economic growth of India to 7.3 per cent from earlier projection of 7.5 per cent. The Asian Development Bank (ADB) pegged the growth at 7.2 per cent.
World Bank retains projections for India's economic growth at 7.5%
Without naming Pulwama terror attack and Balakot strike, the Bank made a reference to these incidents between India and Pakistan. “Skirmishes between India and Pakistan in February are a reminder that latent geopolitical tensions can flare up at any time," the Bank said. The Bank said investment rate in India was expected to grow at a slower pace in 2019 than in 2018. It, however, said investment growth was expected to remain robust as benefits of recent policy reforms further materialised.

 “Private consumption and investment will benefit from strengthening credit growth amid more accommodative monetary policy, with inflation having fallen below the Reserve Bank of India’s target," it said.

Can't hide if an F-16 is shot down, says Pakistan; rejects India's claim

Current Affairs

Pakistan Army on Monday once again rejected India's claim of shooting down a Pakistani F-16 fighter jet, saying one cannot hide if a plane is downed in today's age when even if a motorcycle crashes the world finds out.
India has asserted that an Indian Air Force MIG-21 shot down an American-made F-16 on February 27 during the aerial confrontation, a day after Indian fighter jets bombed a JeM terror camp in Balakot, Pakistan.
Pakistan, however, has consistently denied the Indian Air Force's claim, saying none of its aircraft was shot down during the weeks of tensions between the two nuclear-armed countries.Pakistan also claims to have shot a second Indian Air Force jet during the engagement, a claim India has dismissed.
"We downed two Indian planes in the process, the whole world saw their debris and you [India] still claimed that one of the two planes was ours and one of our own pilots died, as we had initially said that two Indian pilots had been captured, and then said that there was only one. You [India] said that we have changed our statement because one pilot was our own," Pakistan military spokesman Major General Asif Ghafoor told reporters in Rawalpindi.
"We got initial information through the proper channel, then on the ground, I personally found out that only one person had been captured and I sent out the correction myself. How is it that you are ready to accept one of our statement, not the other?" he was quoted as saying by the Dawn newspaper.

 "We have not retaliated because we want peace [...] we asked you [India] to ask America about our F-16s' strength. In this day and age, hiding the downing of a plane is impossible. In this time, even if a motorcycle crashes the world finds out," he added...Read More

India gives proof to US on Pak's use of F-16 against it: Official sources

Current Affairs

India has given proof to the US about the use of F-16 fighters and AMRAAM beyond visual range air-to-air missile by Pakistan during its unsuccessful aerial raid targeting four Indian military installations on February 27, official sources said Tuesday.

They said India was confident that Washington was carrying out a thorough investigation into the use of the US-manufactured fighter as well as the missile onboard it in the offensive operation against India.

As part of the purchasing agreement, the US had put restrictions, the US had reportedly barred Pakistan from using the F-16s against any third country and it was only allowed to operate the fighter in self-defence and for anti-terror missions.

The Indian Air Force on February 28 displayed parts of an AMRAAM missile as evidence to "conclusively" prove that Pakistan deployed US-manufactured F-16 fighter jets during an aerial raid targeting Indian military installations in Kashmir. It said Pakistan does not have any other fighters capable of firing an AMRAAM missile.

Pakistan has categorically said that no F-16 fighter jets were used in the aerial combat against India.
The US State Department has said that America is seeking more information from Pakistan on the potential misuse of American-made F-16 fighter jets by it against India in violation of the end-user agreement.


 After the Pulwama attack, the Indian Air Force carried out a counter-terror operation, hitting a JeM training camp in Balakot, deep inside Pakistan on February 26...Read More

IAF hit the target in Balakot; we don't count kills: Air Chief BS Dhanoa

Current Affairs

Speaking on air strikes carried out by Indian Air Force (IAF) across the Line of Control (LoC) in Pakistan, Air Chief Marshal Birender Singh Dhanoa on Monday said that the IAF had hit the target in Balakot, otherwise why would Pakistan Prime Minister have responded.

"If we dropped bombs in the jungles, then why would he respond?", said Dhanoa.

He further added saying, "Death toll depends on the number of people present in the target, IAF doesn't count the number of dead", said the IAF chief.

"IAF is not in a position to clarify the number of casualties. The government will clarify that. We don't count human casualties, we count what targets we have hit or not", clarified Dhanoa.

Air Chief Marshal Dhanoa said that MiG21 used in shooting down Pakistan F-16 is an upgraded aircraft with advanced weapons system and the casualty figure in air strike on Balakot camp will be given by the government.

When asked when IAF Wing Commander Abhinandan Varthaman will be back his fighter jet cockpit, IAF chief Dhanoa said, "Whether he (Wing Commander Abhinandan) flies or not depends on his medical fitness.

That's why post-ejection, he has undergone a medical check. Whatever treatment required, will be given. Once we get his medical fitness, he will get into fighter cockpit," he said.All required treatment will be given to Wing Commander Abhinandan, Dhanoa said.


 The Air Force, Dhanoa said, has to get its act together and find out what caused the mid-air clash ahead of the opening of the Bengaluru air show on February 19 and helicopter crash in Kashmir last week.