Around the Globe

Around the Globe

Lockheed says US may take 'fresh look' at its India F-16 plan

US defence firm Lockheed Martin wants to push ahead with plans to move production of its F-16 combat jets to India, but understands President Donald Trump's administration may want to take a "fresh look" at the proposal.
With no more orders for the F-16 from the Pentagon, Lockheed plans to use its Fort Worth, Texas plant instead to produce the fifth generation F-35 joint strike fighter that the United States Air Force is transitioning to.

Bill soon on bankruptcy issues in financial sector

Continuing with its economic reform push, the Narendra Modi government plans to enact a law to deal with bankruptcy issues in the financial sector and a bill might be introduced in parliament soon.
The government has, however, not yet taken any decision on the recommendation of the Chandrababu Naidu-led chief ministers panel to impose tax on cash withdrawal of more than Rs 50,000 from banks for promoting digital transactions, economic affairs secretary Shaktikanta Das said on Thursday.

Aadhaar must for PDS ration now

After cooking gas LPG, the government on Thursday made Aadhaar mandatory for availing subsidised foodgrains from the ration shops with a view to better target Rs 1.4 lakh crore subsidy under the food security law. The government has given time to those not having the biometric-based unique identification number to apply for Aadhaar by June 30. The government issued a notification to this effect, but did stop short of saying that subsidised foodgrains will not be sold to anyone not having Aadhaar after June 30.

Amid ongoing tussle in AIADMK, governor meets warring factions

The political imbroglio in the ruling AIADMK in the state, following the revolt by care-taker Chief Minister O Panneerselvam and the hardening of stand by party general secretary V K Sasikala continued to hold sway with no immediate solution in sight.
Governor of Maharashtra, Vidyasagar Rao, who was away from the state for the past few days as political developments in the ruling party boiled over, finally arrived in Chennai on Thursday afternoon. Soon after arriving in the state capital, he gave appointments to the warring faction leaders to present the case to him.

Farmers likely to vote on caste & community lines

When Chaudhary Charan Singh and Bharatiya Kisan Union leader Mahendra Singh Tikait were alive, both Jats and Muslims were together. But the new generation has not been able to achieve this,” said Brahm Singh, 83, a farmer in Meerut district of Uttar Pradesh.
He was talking about the growing distance between the two communities in the past few years that led to the erosion of the voice of farmers not being heard. “Whether it is election time or otherwise, tell me one demand which has been met by the government,” Brahm Singh asked.

Modi popularity faces test from BSP’s Dalit-Muslim combine

The wooing of the Dalit and Muslim vote by the Bahujan Samaj Party (BSP) could give the party an edge over the Bharatiya Janata Party (BJP) in western Uttar Pradesh, where elections will be held on February 11 and February 15.
Samajwadi Party (SP) president and Uttar Pradesh chief minister Akhilesh Yadav does not score poorly among voters at a personal level. However, he could be pulled back by two factors. The public infighting in the party’s first family has not gone down well with the electorate. Then, the alliance in the Congress may not be seen positively as yet.

Tough poll panel takes colour out of polls

Driving in the Shamli region for election coverage has many pitfalls. While at many places, vehicles are closely checked by the central police forces deployed in the state, the potholes on the roads and sugarcane laden tractors and trucks make the journey adventurous.

Oval Office tweets Force CEOs to choose Fight or Flight

President Donald Trump is injecting himself into the daily business of US companies to an unprecedented extent, spurring investors and executives to weigh their exposure to his wrath when making decisions. The latest was Nordstrom Inc, which drew Trump’s public anger on Twitter for discontinuing his daughter Ivanka’s line, saying sales had slumped. Trump shot back, first from his personal account, then retweeted from his official @POTUS account: "My daughter Ivanka has been treated so unfairly by @Nordstrom. She is a great person -- always pushing me to do the right thing! Terrible!"

Battle over travel ban pits Trump against his own words

A US appeals court is weighing arguments for and against President Donald Trump's temporary travel ban, but its decision this week may not yet answer the underlying legal questions being raised in the case.
The 9th US Circuit Court of Appeals in San Francisco is expected to rule only on the narrow question of whether a lower court's emergency halt to an executive order by Trump was justified. Trump signed the order on January 27 barring citizens from seven Muslim-majority countries for 90 days and halted all refugee entries for four months.