habal wrote:my gut feeling is they will sell rupees to buy gold. Far safer long term investment than US$.
Trikaal wrote:Also, if the answer is yes, what stops us from hoarding some Pakistani(or chinese) currency and then selling it in one big swoop and causing their currency to crash? Can this be used as an economic weapon?
Trikaal wrote: ....what stops us from hoarding some Pakistani(or chinese) currency and then selling it in one big swoop and causing their currency to crash? Can this be used as an economic weapon?
Rahul M wrote:sell PKR to whom and for what ? "buy one taliban & get a suicide bomber free" ?
ramana wrote:There are some news reports of about $10B worth of arms deals to be signed when Putin comes visiting.
ramana wrote:Thanks.
Mort that luxury is not there with the opponents.
Mort Walker wrote:If the Russians accept Rupee-Ruble conversion, sure go for it. But they want dollars too.
Rupee is forecast to go down to $1=Rs.80 within a year.
India signed the much-anticipated deal worth $5.43-billion to buy five Russian S-400 Triumf missile shield systems at the 19th India-Russia annual bilateral summit at the Hyderabad House here on Friday.
The Sides noted that Military and Military-Technical cooperation between the two countries is an important pillar of their strategic partnership. They welcomed the forthcoming meeting of the Indian-Russian Intergovernmental Commission on Military-Technical cooperation to be held in December 2018. The Roadmap for Military Cooperation has paved way for greater interaction between the militaries of both countries, including in training, exchange of senior functionaries of the militaries, Staff talks and Exercises. The Russian Side positively evaluated the Indian participation in the Army Games 2018, Army 2018 and Moscow Conference on International Security. Both Sides commended the successful completion of the first ever Tri-Services Exercise INDRA 2017 and committed to continue their Joint Military Exercises – INDRA Navy, INDRA Army and Avia INDRA – in 2018.
The Sides welcomed the conclusion of the contract for the supply of the S-400 Long Range Surface to Air Missile System to India.
The Sides reaffirmed their commitment to enhance military technical cooperation between India and Russia, which has a long history of mutual trust and mutual benefit. Both Sides expressed satisfaction at the significant progress made on the ongoing projects of military technical cooperation and recognized the positive shift towards joint research and joint production of military technical equipment between the two countries. They highly evaluated the Military Industrial Conference process as an important mechanism to promote the "Make in India” policy of the Government of India.
The Sides positively evaluated the meeting of the High-Level Committee on Cooperation in High Technologies set up in November 2017 that identified concrete projects in areas of mutual interest for joint research and development.
http://militarynews.ru/story.asp?rid=1&nid=492464Moscow. October 5th. INTERFAX-AVN - Russia will begin implementing the contract for the supply of S-400 India from October 5, said Rosoboronexport general director Alexander Mikheev.
"From today we have begun to execute it," said A.Mikheyev, whose words on Friday resulted in the press service of the company.
"The contract for the supply of India anti-aircraft missile systems S-400" Triumph "was the largest for the entire period of military-technical cooperation between Russia and India and the largest in the history of Rosoboronexport," he said.
Earlier on Friday it became known that Russia and India signed contract for the supply of systems S-400.
Rosoboronexport noted that the main advantage of the S-400 is versatility. "The system is able to fight with all types of aerodynamic targets, and with ballistic missiles up to medium-range ballistic missiles. Triumph is several times larger than foreign counterparts in basic key characteristics," the company stressed.
*** In India, since 1960, Russian weapons have been delivered for $ 65 billion
Moscow. October 5th. INTERFAX-AVN - Russia and India are preparing new large-scale arms supply contracts, which can be signed soon, said Rosoboronexport head Alexander Mikheev.
Rosoboronexport is ready to cooperate with India in any areas. A number of other large contracts for the supply of Russian weapons to India are in a high degree of readiness, and we hope to sign them soon, "said A.Mikheev, whose words on Friday resulted in the company's press service.
Rosoboronexport noted Military technical cooperation with India has been going on since 1960.
"Since that time, the volume of deliveries to India of Russian military products exceeded $ 65 billion," the company said.
India-Russia Joint Statement during visit of President of Russia to India (October 05, 2018)
October 05, 2018
India-Russia: an Enduring Partnership in a Changing World …………..
The Sides declared their support to Afghan government’s efforts towards the realization of an Afghan-led, and Afghan-owned national peace reconciliation process. Concerned with the unabated violence and severely undermined security situation in Afghanistan and its adverse effect on the region, the Sides resolved to work through the Moscow Format, SCO Contact Group on Afghanistan, and all other recognized formats for an early resolution to the long-term conflict in Afghanistan, end to terroristviolence, external safe havens and sanctuaries for terrorists and the worsening drug problem in the country. Both Sides called upon the international community to join efforts to thwart any external interference in Afghanistan, to restore its economy, contribute to sustaining peace and security, economic and political development of a stable, secure, united, prosperous and independent Afghanistan. The two Sides will direct their activity to launchjoint development and capacity building projects in Afghanistan. ………………………..
The Sides denounced terrorism in all its forms and manifestations and reiterated the need to combat international terrorism with decisive and collective response without any double standards. The Sides agreed to converge their efforts to eradicate terrorist networks, their sources of financing, arms and fighters supply channels, to counter terrorist ideology, propaganda and recruitment. The Sides condemned all kinds of state support to terrorists including cross border terrorism and providing safe havens to terrorists and their network. Recognizing the importance of adopting the Comprehensive Convention on International Terrorism, pending in the United Nations, to become part of the international law, both Sides called upon the international community to make sincere efforts towards its early conclusion. То address the threats of chemical and biological terrorism, the Sides supported and emphasized the need for launching multilateral negotiations at the Conference on Disarmament on an international convention for the suppression of acts of chemical and biological terrorism.
Clicky
Joint Statement on the Inaugural India-U.S 2+2 Ministerial Dialogue
September 06, 2018 ………………………….
Welcoming the expansion of bilateral counter-terrorism cooperation, the Ministers announced their intent to increase information-sharing efforts on known or suspected terrorists and to implement UN Security Council Resolution 2396 on returning foreign terrorist fighters. They committed to enhance their ongoing cooperation in multilateral fora such as the UN and FATF. They reaffirmed their support for a UN Comprehensive Convention on International Terrorism that will advance and strengthen the framework for global cooperation and reinforce the message that no cause or grievance justifies terrorism. The Ministers denounced any use of terrorist proxies in the region, and in this context, they called on Pakistan to ensure that the territory under its control is not used to launch terrorist attacks on other countries. On the eve of the 10-year anniversary of the 26/11 Mumbai attack, they called on Pakistan to bring to justice expeditiously the perpetrators of the Mumbai, Pathankot, Uri, and other cross-border terrorist attacks. The Ministers welcomed the launch of a bilateral dialogue on designation of terrorists in 2017, which is strengthening cooperation and action against terrorist groups, including Al-Qa’ida, ISIS, Lashkar-e-Tayyiba, Jaish-e-Mohammad, Hizb-ul Mujahideen, the Haqqani Network, Tehrik-i-Taliban Pakistan, D-Company, and their affiliates. The two sides further reaffirmed their commitment to ongoing and future cooperation to ensure a stable cyberspace environment and to prevent cyber-attacks.
Clicky
Austin wrote:If US knows Paki operates so many terrorist org in its backyard it would have been under Iran Noko type sanction by now ,.
Even being caught with OBL in their backyard they were left Scot free , shows how much of a key allay Rent boy paki is for US estb.
That’s not happening and just adding Pakistan to some statement won’t change anything , SD will just throw those statement in the bin.
US will use paki to leverage and control india it’s baked into the cake too imp for deep state in the US
arun wrote:While deprived of the joy of seeing a Iran / North Korea type sanctions being applie, at least one can rest content that a Mohammadden Terrorist with roots in the Mohammadden Terrorism Fomenting Islamic Republic of Pakistan, Daood Sayed Gilani aka David Coleman Headley, will spend the greater part, if not all, of 35 years in a US correctional facility.
Russia has called for introduction of rupee-rouble trade to boost bilateral trade with India, and has said it is creating a strategy to increase economic cooperation with India.
"Our country is looking at an investment protection and avoidance of double taxation agreement with India....We are also looking at trade in national currencies and a strategy for economic cooperation," Russian Economic Development Minister, Maxim Oreshkin, said addressing a joint business council organised by CII on Thursday.
The Russian Trade Minister is part of a high-level delegation accompanying Russian President Vladimir Putin to India.
A rupee-rouble mechanism will help the two economies hedge against foreign currency risks and by-pass banking sanctions from the US against trade with Russia.
Commerce & Industry Minister Suresh Prabhu, who also addressed the gathering, proposed an agreement with Russia for diamond imports in a manner that does not adversely impact balance of payment of India. He said India is the hub for cutting and polishing of diamonds and Russia has huge diamond reserves.
The Minister also announced the setting up of a fast-track, single-window mechanism for Russian companies, which would be chaired by the Secretary, Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry.
"The two countries could promote cooperation in areas such as Digital India and pharmaceuticals, among others," said Sergei Cheremin, Moscow Government Minister, Chairman of the Board of the Business Council for Cooperation with India.
India-Russia bilateral trade jumped 42 per cent in 2017-18 to touch $10.68 billion, compared to $7.48 billion in 2016-17. India’s exports, however, were valued at just over $2 billion, while Russia exported goods worth $8.5 billion. Two-way investments have already crossed $30 billion and a fresh target of $50 billion for 2025 could be set.
Indian Prime Minister Narendra Modi made a proposal to create a Russian defense industry complex in the country as part of expanding bilateral cooperation.
Speaking at a business meeting with the Russian delegation, which was attended by President of the Russian Federation Vladimir Putin, Indian Prime Minister Narendra Modi said that mutual trade between the two countries increased over the 2017–18 fiscal year by 20%.
According to the Indian news agency Jagran , the statement by the Prime Minister of India contained a proposal to create a Russian specialized defense industrial complex in the country to further strengthen bilateral relations.
Listing numerous opportunities for business development in India, the Prime Minister mentioned the modernization of ports in India in the framework of the Sagarmala project, as well as the construction of a subway in 50 cities and the expansion of transport infrastructure.
help integrate the S-400 with India’s indigenous Akash surface to air missile system (which was made with Russian hand-holding and is still not more than 40% accurate);
Austin wrote:Very interesting news coming in that Doval tried to be the spoiler and Modi had over ruled him in the end.
S-400 deal announced quietly after Doval’s opposition, Modi’s approval
HIGHLIGHTS
India and Russia signed a deal for S-400 missile system
US has threatened to impose restrictions on India for dealing with Russia
We follow an independent policy, Army chief said
Stressing on India's independent policymaking, Army chief Bipin Rawat on Sunday said that the Russian Army is "very keen" on associating with the Indian Army.
Speaking at an event in New Delhi, Rawat said, "Russians are very keen on associating with the Indian Army because we are a very capable army. We are capable of standing for what is right for us."
The statement comes amid fears of US sanctions over the S-400 missile deal with Russia. Russian President Vladimir Putin and Prime Minister Narendra Modi signed a $5 billion deal for India to procure one of the world's most advanced air-defence systems, the S-400 Triumf missile shield on Friday.
The US has threatened to impose restrictions on India for dealing with Russia which is already under sanctions. The deal could attract sanctions under the Countering America's Adversaries Through Sanctions Act (CAATSA) that is primarily aimed at countering Russia, Iran and North Korea.
On this Rawat said, "Yes, we do appreciate that there could be sanctions on us, but we follow an independent policy.
Assuring Russia, Army chief said that while India may be associating with the US for some technology, but it follows an independent policy.
He also added that India is very much looking forward to procuring Kamov helicopters and other weapon systems and technology from Russia.
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