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Time of India
4 hours ago
- Time of India
‘Many laughed. Few believed': Congress attacks govt over ED raids on Anil Ambani; recalls Rahul's old charge
NEW DELHI: Congress on Friday intensified its criticism of Prime Minister Narendra Modi and referred to Rahul Gandhi's 2018 accusations against industrialist Anil Ambani, who is currently under investigation by the Enforcement Directorate (ED) for a loan fraud case. Congress MP Manickam Tagore took to X and pointed to Rahul Gandhi's past allegations, where he accused PM Modi and Anil Ambani of orchestrating a "Rs 1,30,000 crore surgical strike on Indian defence forces." 'In 2018, my leader warned the nation: 'The PM and Anil Ambani jointly carried out a Rs 1,30,000 crore surgical strike on Indian defence forces… You betrayed India's soul.' Many laughed. Few believed,' Tagore said. — manickamtagore (@manickamtagore) 'ED has now summoned Anil Ambani in a Rs 17,000 crore loan fraud case, days after raids on his premises. The same Anil Ambani whose debt-ridden firm was picked for the Rafale offset deal — replacing HAL. Will Modi answer now?' he added. The Enforcement Directorate has summoned Ambani Ambani to appear before its Delhi headquarters on August 5. His statement will be recorded under the Prevention of Money Laundering Act (PMLA), according to agency sources. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 20 Pieces of Clothing Older Women should Avoid Learn More Undo The summons comes amid an ongoing ED probe into allegations of bribery and issuance of unsecured loans linked to the industrialist. Meanwhile, the ED is also conducting searches in Bhubaneswar and Kolkata in connection with a fake bank guarantee racket. The agency filed an Enforcement Case Information Report (ECIR) based on a case registered by Delhi Police's Economic Offences Wing on November 11, 2024. Earlier, the agency carried out coordinated raids in connection with financial irregularities and alleged diversion of over Rs 10,000 crore in loans by various group companies associated with Ambani. According to ED sources, the investigation primarily revolves around the alleged diversion of approximately Rs 3,000 crore in loans extended by Yes Bank to Ambani's companies between 2017 and 2019. Officials said searches covered more than 35 locations in Mumbai, spanning 50 companies and 25 individuals. A Delhi-based ED unit is leading the investigation under the PMLA.
News18
15 hours ago
- News18
Croatia holds military parade as it marks 30 years since key war victory
Zagreb, Jul 31 (AP) Thousands watched a military parade in Croatia's capital on Thursday marking 30 years since a key war victory as the country looks to further boost its forces with a possible loan from a new European Union defence fund. A flyover in Zagreb by French-made Rafale jets was a highlight of the show that included 3,400 army personnel along with police units, emergency service teams and war veterans. Navy battle ships sailed simultaneously by the Adriatic Sea port of Split. Croatian Prime Minister Andrej Plenkovic said that 'we have passed a big process of transition from eastern to western technology in order to be compatible with the capabilities of those armies who are our partners and allies." Croatia joined the EU in 2013, four years after becoming a member of NATO. Back in August 1995, Croatia recaptured lands that had been held by minority Serbs since their rebellion in 1991 against the country's independence from the former Communist-run Yugoslavia. The Operation Storm offensive presented a turning point in the war and also triggered a mass exodus of ethnic Serbs from Croatia. Tensions persist in relations with Balkan rival Serbia, which backed the ethnic Serb rebellion in the 1990s'. Serbia plans to hold a commemoration ceremony for the Serb victims of the offensive, and Belgrade has cautioned Serbian citizens against traveling to Croatia in early August. A military parade in Belgrade is planned for September. Political analyst Zarko Puhovski said he believed the military parade was designed both to garner popular support for further defense spending amid security concerns in Europe fueled by Russia's full-scale invasion of Ukraine in 2022, and as a message of strength in the region. 'It's just putting on a show, to put military equipment on display," Puhovski told The Associated Press. 'This will be presented as Croatia's effort to join the overall trend of increased militarization in Europe." Croatia is among eighteen EU countries that have applied for billions of euros from the bloc's program of cheap loans aimed at helping Europe provide for its own security. Plenkovic has said that Croatia could seek 1.8 billion euros (USD 2 billion) from the fund. The 150-billion-euro (USD 173 billion) Security Action for Europe (SAFE) program was launched after the administration of US President Donald Trump signalled that Europe is no longer a US security priority. Some US allies in Europe worry that President Vladimir Putin could target one of them if Russia wins its war on Ukraine. (AP) GSP view comments First Published: August 01, 2025, 01:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
News18
a day ago
- News18
India Shifts Focus From Rafale To 5th-Gen Fighter Jets Like F-35, Su-57
While Dassault Aviation had lobbied for a large Rafale order and proposed setting up a full assembly line in India, the current deal restricts the purchase to 60 Rafale-F4 units In the aftermath of Operation Sindoor following the Pahalgam terror attack in April this year, India has been fast-tracking efforts to modernise its air force. During Operation Sindoor, which followed the killing of 26 tourists by Pakistan-backed terrorists in Baisaran Valley of Pahalgam, the Indian Air Force destroyed multiple terrorist camps and damaged a Pakistani airbase. A key key part of India's current strategy is the push for fifth generation fighter jets. The focus is now on acquiring advanced stealth fighters both through domestic development and foreign procurement. India had earlier approved the purchase of 114 fighter jets under the Multirole Fighter Aircraft (MRFA) program, with the Rafale F-4 as the leading contender. But in a major shift, the IAF has decided to prioritise fifth generation stealth aircraft over the Rafale. This overhaul has split the procurement process into two parts. India will directly buy 60 Rafale-F4 jets from France under a Government-to-Government (G2G) deal. The remaining 54 jets will be acquired from either the US (F-35) or Russia (Su-57), both of which fall under the fifth generation category. The change is aimed at quickly bridging the gap in the IAF's combat readiness. While Dassault Aviation had lobbied for a large Rafale order and proposed setting up a full assembly line in India, the current deal restricts the purchase to 60 Rafale-F4 units. Some components will be manufactured locally under the Make in India push, with TATA Advanced Systems Limited (TASL) expected to produce major parts like the fuselage. Although the Rafale-F4 does not fully qualify as a fifth generation jet, it includes modern avionics and electronic warfare systems that edge it close to that category. Alongside the Rafale deal, India is moving quickly to finalise procurement of fifth generation stealth fighters for two full squadrons. The F-35 and Su-57 are the two leading options since France's Rafale does not meet fifth generation standards. Russia's Su-57, a true fifth generation aircraft, remains in contention. India's defense strategy now also emphasises domestic capabilities. The focus is on integrating Indian-made avionics, electronic systems, and weapons into any foreign aircraft purchased. This is intended to reduce costs, enhance self-reliance, and build up local defence manufacturing. At the same time, India's indigenous fifth generation fighter project, the Advanced Medium Combat Aircraft (AMCA), is still in development. It may take nearly a decade before AMCA is ready for deployment. To meet immediate needs, the revised MRFA plan will rely on a mix of 60 Rafale-F4 jets, 54 fifth generation fighters, and a stronger push for local production. This realignment may reduce Dassault's prospects of a large Rafale deal but is seen as necessary to meet the IAF's urgent operational requirements. view comments Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
