Jay Menon

India Correspondent

Delhi, India

Summary

Articles

Jay Menon (New Delhi)
As India prepares to spend nearly $100 billion during the next decade on the modernization of its armed forces, Defense Minister A.K. Antony is warning suppliers and vendors of stringent action against corruption in defense deals.

Jay Menon
NEW DELHI — India’s Polar Satellite Launch Vehicle (PSLV) injected a new communication satellite into orbit July 15, completing its 18th successful mission in a row. An extra-large PSLV rocket, PSLV-XL, was used to boost the GSAT-12 communication satellite into space. The launcher was similar to the one used for the launch of India’s Chandrayaan-1 Moon mission in 2008.

Jay Menon
India’s federal government is committed to saving ailing national carrier Air India and clearing the airline’s huge debt, a senior civil aviation ministry official says. Air India has about 400 billion rupees ($9.07 billion) of debt, including 180 billion rupees in working capital loans taken from a consortium of banks and 220 billion rupees borrowed to acquire new aircraft. “The government is committed to Air India. We are bound by that commitment to revive Air India,” says Nasim Zaidi, secretary, Ministry of Civil Aviation.