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" India on Friday inked the five In a joint statement issued billion dollar deal to buy S-400 after the summit, India and New Delhi: In the first clear Triumf air defence system from Russia agreed to “converge indication of India’s willing- its time-tested and long-stand- their efforts” to eradicate ter- ness to continue trade with ing strategic ally Russia after rorist networks, their sources of Iran despite US sanctions, summit level talks between financing, arms and fighters’ state refiners Indian Oil President Vladimir Putin and supply channels, to counter Corporation and Mangalore Prime Minister Narendra Modi terrorist ideology, propaganda Refinery and Petrochemicals in the national Capital. and recruitment. Ltd have contracted 1.25 mil- The India-Russia agree- “The sides denounced ter- lion tonnes of Iranian oil for ment for the missile system was rorism in all its forms and man- import in November, the signed in the presence of Putin ifestations and reiterated the month when the US sanctions and Modi at the summit. need to combat international against Iran’s oil sector The two countries also terrorism with decisive and kicks in. PTI resolved to fight the scourge of collective response without any terrorism and drug trafficking double standards,” said the even as they inked seven pacts statement titled ‘India-Russia: in the fields of nuclear energy, An Enduring Partnership in a space and railways among oth- Changing World’. ers, besides the S-400 con- “Our two countries have tract. Russia also agreed to train ! " " #$ " % " $ & # ' (" & "($ !*# common interests in cooper- Indian astronauts for India’s + " , ating on countering terror- ambitious human space mis- ism,” Modi said during his sion project Gaganyaan sibility of a presidential waiv- Government deal with Russia with China. joint Press statement with planned for 2022. er of sanction subject to the US in 2014 to procure the lethal As regards to India, the IAF Putin. Talks with Putin have The biggest takeaway, how- Congress approval. missile system. Moscow has will start inducting the S-400s given new direction to the ')-")./! dollar deal was inked, US any sanctions decisions.” ever, from the 19th annual The US urged its allies to already started delivery. two years after the date of ink- bilateral strategic partnership, Embassy spokesperson said “The intent of our imple- summit-level meeting was the forgo transactions with Russia, Two days ago, IAF chief B ing the contract, sources said. Modi said, adding, “Our spe- eacting to the S-400 deal the intent to slap sanctions on mentation of CAATSA is to signing of the S-400 Triumf warning that the S-400 missile S Dhanoa said the induction of The other important issue cial strategic partnership will Rbetween India and Russia, Russia was to impose costs for impose costs on Russia for its contract for the IAF, thereby defence system that India want- S-400 will act as a “booster to figure during Modi-Putin achieve new heights.” the US on Friday said sanc- its “malign behaviour.” malign behaviour, including by ending all speculation about ed to buy would be a “focus dose” for the operational capa- dialogue was the scourge of ter- Recognising the impor- tions were against Russia and Responding to a query on stopping the flow of money to the deal not going through due area” for it to implement puni- bilities of the force. The rorism. Both sides condemned tance of adopting the were not aimed at imposing impact of anti-Russia sanctions Russia’s defense sector. CAAT- to US cautions in the past few tive sanctions against the advanced surface-to-air missile cross-border terrorism and safe Comprehensive Convention damage to the military capa- on India after the conclusion SA is not intended to impose weeks. The US had maintained nation undertaking “signifi- defence system can detect an havens to terrorists as they on International Terrorism, bilities of “our allies or of the S-400 Triumf air defence damage to the military capa- that arms purchases from cant” business deals with incoming target be it an aircraft called for a “decisive” response pending in the United partners.” system contract, the bilities of our allies or part- Russia could invite sanctions Russia. or missile at a range of more to the menace of international Nations, to become part of the The US also said waiver spokesperson said, “Waivers of ners,” the spokesperson added. under the Countering In fact, it did impose sanc- than 600 km and neutralise it terrorism without any “double international law, both sides will be considered on a trans- the Countering America’s However, the US Embassy America’s Adversaries Through tions against China some days at 400 km. India wants the standards.” called upon the international action by transaction basis Adversaries Through spokesperson said, “The waiv- Sanctions Act (CAATSA) insti- after it procured six S-400 long-range missile systems to The statement came community to make sincere and that it cannot prejudge any Sanctions Act (CAATSA) er authority is not for a blan- tuted by the US Congress. Triumf systems from Russia. tighten its air defence mecha- against the backdrop of India efforts towards its early con- sanction decisions. Section 231 will be considered ket waiver. It is transaction- The US lawmakers, China was the first foreign nism, particularly along the accusing Pakistan of indulging clusion, Making this assertion here on a transaction-by-transac- specific. There are strict crite- though, have allowed the pos- buyer to seal a Government-to- nearly 4,000-km-long border in cross-border terrorism and it said. shortly after the five billion tion basis. We cannot prejudge ria for considering a waiver.” !" O P #R * +# % 2,.2 ')-")./! *!+ he Calcutta High Court ongress president Rahul he president of Interpol, a Ton Friday put a stay on ')-")./!011 ! the broader NSE Nifty dropped CGandhi on Friday minced Tformer senior Chinese Mamata Banerjee 282.80 points to 10,316.45. P ! no words in asserting his prime security official, has been Government’s decision to dis- fter back-to-back hike With five of its six mem- " "#$% ! ministerial ambitions as he reported missing after he trav- tribute funds to Durga Puja Asince June, the Reserve bers voting for a status quo, " said he could assume the top elled to his native country at the committees. Bank of India (RBI) on Friday RBI’s monetary policy com- " " $ job if the allies wanted him. But end of September, a French While hearing a Public kept interest rates unchanged, mittee left repo rate at 6.50 per ! %!& the first step is for all parties to judicial official said on Friday. Interest Litigation filed by surprising markets that had cent and changed policy stance ' get together and defeat the rul- Meng Hongwei’s wife advocate Saurabh Dutta chal- expected a rate hike to support to “calibrated tightening” from ing BJP, he outlined adding it’s reported on Friday that she had lenging the Government’s deci- tumbling rupee and combat “neutral”, which RBI Governor ( a two-stage process and a deci- not heard from her 64-year-old sion, the court of Acting Chief inflationary pressures from Urjit Patel said meant there ) " sion on who will be Prime husband since he left Lyon, Justice Debashis Kar Gupta high oil prices. would be no rate cut in the cur- * !" Minister comes second. France, where Interpol is based, and Justice Shampa Sarkar The RBI decision struck a rent cycle. " $ “We have had discussions temple visits and the RSS. said a single, suffocating ide- said the official, who spoke on wondered whether there was blow for the rupee and stock Bankers have rued the + ! , with allies and what we decid- He said he has been going ology is being imposed upon condition of anonymity to pro- any specific guideline based on markets, with the rupee skid- RBI’s unexpected decision. " $ ed is that this is a two stage to temples, gurdwaras and 1.2 billion Indians. “The ideo- vide details of an ongoing which the Government was ing by 18 paise to finish at a “This is a risky move by the ) ! %"$)!& process — one is to get togeth- mosques for years, but the logical centre that is fighting investigation. granting special funds to the fresh lifetime low of 73.76 RBI since the market was posi- er and defeat the BJP and stage issue of his visits to temples has the BJP can only be the The French official said Durga Puja committees. against the US dollar after tioned for a rate hike, purely as two is, once the election is over suddenly been publicised. Congress,” he said. Meng did arrive in China. As Advocate General falling below 74 mark, and the a rupee defence,” HDFC Bank then we will decide what hap- “I guess BJP doesn’t like it. “I am ready to take criti- There was no further word on Kishor Dutta failed to provide BSE Sensex plunging 792.17 chief economist Abheek Barua pens,” the Congress chief said. It infuriates them. The BJP feels cisms and questions. Why can’t Meng’s schedule in China or any satisfactory reply, the HC points to end at a near six- said. Insisting further about the only they can go to temples,” he the Prime Minister do the what prompted his wife to directed the Government to put month low of 34,376.99, while Related reports on P10 possibility of him becoming the said even as he maintained that same.