#According to the CAG report

[leadertelugunews]

చంద్రబాబు బ్యాచ్ చెప్తున్న అబద్దాలను ప్రజలు తెలుసుకోవాలి -సీఎం జగన్

చంద్రబాబు బ్యాచ్ చెప్తున్న అబద్దాలను ప్రజలు తెలుసుకోవాలి -సీఎం జగన్

ఆంధ్రప్రదేశ్ రాష్ట్రంలో చంద్రబాబు చేసిన అప్పులు… జగన్ ప్రభుత్వం చేసిన అప్పుల వ్యత్యాసమిదే.. అమరావతి : రాష్ట్ర ప్ర‌భుత్వం గ‌తంలో ఎన్న‌డూ లేని విధంగా అసాధార‌ణ స్థాయిలో అప్పులు చేస్తోంద‌ని, త‌ద్వారా దివాళా ప‌రిస్థితులు త‌లెత్తాయ‌ని చంద్ర‌బాబు, ఎల్లో మీడియా చేస్తున్న ప్ర‌చారంలో ఎంత మేర‌కు వాస్త‌వాలు ఉన్నాయో అంద‌రూ తెలుసుకోవాలని ముఖ్యమంత్రి జగన్మోహన్ రెడ్డి అసెంబ్లీ సమావేశాల్లో వివరించారు. రాష్ట్రం…

[poojagblog-blog]

/PRNewswire/ -- Nuclear Power Plant Control System Market is expected to reach USD 825 million by 2028 from USD 636 million in 2023 at a CAGR of 5.3% during the 2023–2028 period according to a new report by MarketsandMarkets™.

[sjsuraj]

According to FMI, the demand for advanced and fuel-efficient generators will accelerate in the coming years. Increasing budget allocation towards strengthening the defense sector will subsequently aid the expansion of the market.

Some of the key takeaways from the report are:

Market players are likely to witness attractive growth opportunities as military agencies focus on establishing integrated power systems. This will invariably fuel the demand for generators

Hybrid generators are likely to comprise an exceptionally lucrative product category. Ensuring environment safety is high on the agenda of military agencies. They are keen on investing in fuel-efficient technologies that will also offer significant cost reduction

Backed by increasing military spending, North America is forecast to emerge as dominant market for power generators

While diesel will remain preferred fuel type, tightening environmental laws will boost growth prospects for natural gases as potential sources of fuel

Demand power generators will remain significantly high in field hospitals and field camps and accommodations

The COVID-19 Impact

The COVID-19 outbreak has sent shockwaves across the globe. Experts even presume it to be the worst crisis the world has witnessed in recent past. The crisis was unprecedented, resultantly it crippled the manufacturing sector of some of the major economic powerhouses.

By the time the global economy recovers from the jolt, manufacturing is expected to be among the worst-hit sectors. The incredible slump in investment, subsequently revenue generated within the industry paints a gory picture.

The power sector too is no stranger to the crisis. It is reeling under payment delays and deficits. Government owned distribution companies are particularly hampered. Nationwide lockdowns have posed unique and devastating challenges. Liquidity crunch is threatening several companies within the industry.

[dsiddhant]

The global Power Management System Market is projected to reach USD 7.5 billion in 2028 from USD 5.8 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™.

[osamudazais-world]

Leverage The Era Of P2E Games With Immense Potential

The gaming market has been a large-scale market pouring tons of revenue for businesses in the field. Being one of the biggest commercial markets in the world, it had nothing to offer back to its gamers apart from fun back then. The current gaming market has evolved into a rewarding ecosystem for gamers. 

The advent of blockchain technology and NFTs have paved new avenues for the gaming sector to introduce P2E games in the market effectively. The commercial market is set to rise to new heights, and according to the report established by Marketsandmarkets it is said that “The global blockchain gaming market is projected to grow from USD 4.6 billion in 2022 to USD 65.7 billion by 2027 at a Compound Annual Growth Rate (CAG) of 70.3% during the forecast period.”

P2E Game Explained

Unlike traditional games, the new age P2E games reward players with lucrative real-time remuneration for their time and efforts invested in the gaming platforms. However, gamers are not simply rewarded with remunerations upfront. Moreover, interested players have to invest a little into their gaming platforms' NFTs.

These NFTs are the in-game assets of the particular platform, such as avatars, characters, skins, and player emotes, which can be purchased from the NFT Marketplace for Gaming Collectibles. 

Once the player integrates NFTs purchased from the particular NFT marketplace for gaming collectibles, they can complete tasks and missions set in the gameplay to earn lucrative crypto rewards. 

Wrap Up

Games will continue to be an integral part of mankind to spend their leisure time gaming. With the advent of blockchain and NFTs, the way players consume games, and in-game purchases are set to change.

[sounmashnews]

[ad_1] Check out the businesses making headlines earlier than the bell:Conagra (CAG) – The meals producer's inventory added 2% within the premarket after it reported better-than-expected quarterly revenue and gross sales. Conagra additionally reaffirmed its full-year steerage.Peloton (PTON) – Peloton slid 4.1% in premarket buying and selling after announcing it might lower one other 500 jobs, or about 12% of its remaining workforce following a number of earlier rounds of job cuts. CEO Barry McCarthy instructed the Wall Street Journal he is giving the health tools maker one other six months or so to show itself round and if it might't, Peloton is probably going not viable as a standalone firm.McCormick (MKC) – The spice maker reported adjusted quarterly earnings of 69 cents per share, 7 cents beneath estimates, with income basically according to forecasts. McCormick stated it's now recovering prices by means of pricing actions after a interval which noticed its bills outpace product value will increase. McCormick fell 1.1% within the premarket.Compass (COMP) – Compass shares surged 11.4% in premarket buying and selling, following an Insider report saying Vista Equity Partners is exploring a deal to take the true property agency non-public.Eli Lilly (LLY) – Lilly shares added 1% within the premarket after its diabetes drug tirzepatide acquired a "Fast Track" designation from the FDA for doable use to deal with adults with weight problems or obese with weight-related comorbidities.Twitter (TWTR) – Twitter stays on watch as we speak amid a number of reviews on the trouble by Elon Musk and the social media firm to finalize an settlement on his $44 billion takeover deal. The Wall Street Journal reported the 2 sides held unsuccessful talks a couple of doable value lower for the deal, and Reuters reviews that personal fairness corporations Apollo Global and Sixth Street Partners are no longer in talks with Musk to supply financing. Twitter fell 1.8% in premarket motion.Take-Two Interactive (TTWO) – Take-Two Interactive was upgraded to "buy" from "neutral" at Goldman Sachs, which cited bettering videogame business fundamentals. Goldman elevated its value goal for the videogame producer's inventory to $165 per share from the prior $131. Take-Two gained 3% in premarket buying and selling.Splunk (SPLK) – Splunk was downgraded to "neutral" from "buy" at UBS, which stated the information platform supplier faces various extra headwinds except for the general macroeconomic outlook. Splunk slid 3.1% within the premarket.Shell (SHEL) – Shell slumped 5.4% in premarket buying and selling after saying third quarter earnings will take successful from considerably decrease income from buying and selling gasoline. The power producer additionally cites increased prices for delivering gasoline.Pinterest (PINS) – Pinterest rallied 5.2% within the premarket after the image-sharing website's inventory was upgraded to "buy" from "neutral" at Goldman Sachs. Goldman expressed confidence in Pinterest's capacity to additional monetize its operations and seize extra advert dollars. [ad_2] Source link

[neethypaksham]

Delhi govt's debt increased by 7% in four years up FY20: CAG report

The Delhi government's debt increased by nearly seven per cent in the four-year period up to 2019-20 although it maintained a revenue surplus, according to a CAG audit report tabled in the Assembly

The Delhi government's debt increased by nearly seven per cent in the four-year period up to 2019-20 although it maintained a revenue surplus, according to a CAG audit report tabled in the Assembly on Tuesday.

The debt increased by Rs 2,268.93 crore (6.98 per cent) from Rs 32,497.91 crore at the beginning of 2015-16 to Rs 34,766.84 crore at the end of 2019-20, said the report.

The Comptroller and Auditor General (CAG) report of the year 2021 on state finances for the year ending March 2020 was presented in the Assembly by Deputy Chief Minister Manish Sisodia.

The audit report on state finances provides an analytical review of the annual accounts of the Government of NCT of Delhi and functioning of Public Sector Undertakings for the year ending 31 March 2020.

The revenue surplus of Delhi government in 2019-20 was Rs 7,499 crore indicating that revenue receipts of the government were sufficient to meet the revenue expenditure, said the report.

The Delhi government has been able to maintain revenue surplus largely on account of pension liabilities of its employees being borne by the central government, it pointed out.

In addition, expenditure of Delhi Police is also borne by the Ministry of Home Affairs, Government of India, it added.

Revenue receipts grew by Rs 4,023 crore (9.33 per cent) over the previous year. In the year 2019-20, about 79.90 per cent of revenue receipts came from government's own resources while Grants-in-Aid contributed 20.10 per cent.

The share of NCTD's own tax revenue to total revenue receipts decreased from 86.36 per cent in 2015-16 to 77.58 per cent in 2019-20.

Expenditure of government on subsidies increased from Rs 1,867.61 crore in 2015-16 to Rs 3,592.94 crore in 2019-20 (92.38 per cent). In 2019-20 expenditure on subsidies increased by 41.85 per cent over the previous year, the report said.

Financial assistance to local bodies and others increased by 7.59 per cent from Rs 15,087.22 crore in 2018-19 to Rs 16,232.97 crore in 2019-20.

The increase in investment in 2019-20 over the previous year was Rs 150 crore on account on investment made in Delhi Metro Rail Corporation Ltd. The return on investment was 0.08 per cent in 2019-20 whereas the government paid interest at the average rate of 8.14 per cent on its borrowings during 2019-20, said the CAG report.

The Delhi government is not empowered to raise loans from the open market. Loans and advances received from the Government of India comprise its debt receipts, added the report

https://wap.business-standard.com/article/current-affairs/delhi-govt-s-debt-increased-by-7-in-four-years-up-fy20-cag-report-122070501396_1.html

[sjsuraj]

The power generator for the military market accounted for a 15% market share of the overall generator market. Power Generator for Military Market is expected to reach US$ 1.09 Billion in 2022, likely to surge at a vigorous 3.5% CAGR during the assessment period

Uninterrupted and reliable sources of power supply are vital for successful military operations. Power generators have applications across diverse segments within the military industry. Against this backdrop, Future Market Insights (FMI) foresees lucrative prospects for power generator producers within the military market.

To remain ‘ahead’ of your competitors, request a sample:  https://www.futuremarketinsights.com/reports/sample/rep-gb-12533

A list of Key Players Covered in the Power Generator for Military Market are:

Cummins Inc.

Caterpillar Inc.

Rolls-Royce Holdings plc

HIMOINSA

Harrington Generators International

Fischer Panda GmbH

Ascot Industrial S.r.l.

GREEN POWER SYSTEMS S.r.l.

Kohler Co.

Kirloskar Oil Engines Ltd.

Ausonia S.r.l.

Power generators are used for various tactical operations within military agencies. On account of changing landscape, the inclination toward compact and lightweight designs is higher. These generators are touted as advanced equipment that offers robust output at a low cost. Driven by the demand for improved fuel efficiency, sales of compact generators are expected to pick up in the coming years.

According to FMI, the demand for advanced and fuel-efficient generators will accelerate in the coming years. Increasing budget allocation towards strengthening the defence sector will subsequently aid the expansion of the market.

FMI’s report on the power generator for the military market highlights the specific needs of the defence and military sectors. It identifies hidden growth opportunities for the market players, besides cautioning them against potential threats.

[dsiddhant]

The global Power Management System Market is projected to reach USD 7.5 billion in 2028 from USD 5.8 billion in 2023 at a CAGR of 5.4% according to a new report by MarketsandMarkets™.

[ambitiousbaba]

All 4 Public Sector Insurers Faced Losses of 26,364 cr in Health Insurance:

All 4 Public Sector Insurers Faced Losses of 26,364 cr in Health Insurance:

All 4 Public Sector Insurers Faced Losses of 26,364 cr in Health Insurance According to the recent audit report by Comptroller and Auditor General of India (CAG) the all four public sector insurers of India New India Assurance Corporation, United India Insurance Corporation, Oriental Insurance Corporation and National Insurance Corporation have faced a total loss of 26,364 cr rupees in Health…

[usafphantom2]

Sanctions on Russians should lead from bad to worse the maintenance of Indian Air Force jets

More than 50% of all Indian material is of Soviet or Russian origin, requiring sustained assistance from Moscow for its maintenance, repair and overhaul.

Fernando Valduga By Fernando Valduga 03/05/2022 - 10:20 am in Military, War Zones

The optimism of the Indian Air Force (IAFs) about the ability to obtain spare parts to ensure the operability of its fleet of military aircraft, despite the punitive sanctions imposed on Moscow for its invasion of Ukraine, is denied by the recurrent shortage of components that the force has always faced, even when there were no embargoes.

The deputy chief of staff of the IAF, Air Marshal Sandeep Singh, told reporters on Wednesday, March 2, that the sanctions would not greatly affect the Indiana Air Force's ability to obtain Russian spare parts and auxiliary equipment, especially for its Sukhoi Su-30MKI and MiG-29 fighters.

Su-30MKI.

“We are evaluating (the situation) and there will be difficulties, but (sanctions) should not affect us much,” said Air Marshal Singh. He, an unbelieving, added that the IAF would in no way be "significantly affected" in this regard, as its good relations with the US and Russia persevered.

The three-star officer seemed to assume, without a basis, that New Delhi's lasting strategic, defense, diplomatic and political ties with Moscow and Washington before the invasion of Ukraine would make it immune to sanctions forever, despite the US's determination to penalize Russia for its militarism.

And, like most officers in the country, Air Marshal Singh also seems to assume that jugaad (creative innovation) or, better yet, the namesake 'Indian rope trick' of 'hypnotizing' the US, the European Union and other sanctioning countries in ceding Delhi in their efforts to maintain their military trade with Russia, without hindrance.

Resorting to financial jugaad, much like what the IAF achieves on its many platforms, however, does not seem to be an option for India to circumvent sanctions. According to the New York finance website 'Investopedia', sanctions by countries or organizations "provide a political tool without military force to punish or prevent objectionable actions". He goes on to state that sanctions can cost his targets dearly, or simply that trying any sanctions breach ploy can be harmful, not only to Russia as a seller of embargoed goods, but also to India as a buyer.

MiG-29UPG.

It also seems that Air Marshal Singh was denying the very reiteration of the IAF and the Ministry of Defense of the shortage of Russian equipment spare parts, which negatively impacted not only the IAF, but the entire army of India, for decades. More than 50% of all Indian material is of Soviet or Russian origin, requiring sustained assistance from Moscow for its maintenance, repair and overhaul (MRO) and, in some cases, even its updating.

However, these continuously delayed shortcomings and MROs persisted even during what many officers called the "good years" of India-Russia ties and were routinely highlighted by numerous parliamentary defense committees and Comptrollership and General Audit (CAG) audits. But under the recent sanctions imposed on all Russian military and related entities, India's endless problem of obtaining Russian spare parts, despite the confidence of Air Marshal Singh, promises only to get much worse if the acquisition does not cease completely.

“It is a critical issue for the IAF and it is getting harder every day, in an unlikely situation to correct for several years,” said military analyst Air Marshal V. K. ‘Jimmy’ Bhatia (retired). Sanctions on Russia, warned the former fighter pilot, will be a detrimental disadvantage in keeping Russian IAF platforms operational and may even force it to resort to inadequate purchases of "gray market" components to compensate for asset deficiencies.

Former Chief of Staff of the Indian Navy, Admiral Arun Prakash, takes an apocalyptic step further.

"Severe sanctions on Russia may eventually result in the disarmament of the Indian military due to the shortage of equipment and spare parts," he warned, blaming Indian authorities for the imminent quagmire of material hanging over the country's armed forces. “Indian politicians,” said the former navy chief, “were apparently indifferent to this crisis; the incomprehensible bureaucracy and scientists from the Defense Research and Development Organization (DRDO) were never held responsible for their inability to deliver competent weapons systems on time.”

MiG-21.

The IAF currently operates more than 410 Soviet and Russian fighters comprising a mixture of imported and licensed platforms. These included about 14 Su-30MKI 'Flanker' squadrons of about 260 fighter jets that make up the IAF front line; five MiG-21 'Fishbed' ground attack squadrons representing about 90 aircraft; and five MiG-29 'Fulcrum' (UPG) air superiority squadrons, comprising 60 platforms, including eight All of them rely unanimously on Russian parts and components, whose availability has always been uncertain, although many of them were built locally by Hindustan Aeronautics Limited (HAL) under Russian technology transfer.

In turn, this shortage resulted in low operational availability of IAF Russian fighter jets and several rotary and transport platforms. In a revealing statement in Parliament in December 2015, the Ministry of Defense had declared that the operational availability of the IAF combat fleet was only 55%, mainly due to the unavailability of spare parts even at that time. Little has changed in the following seven years.

Su-30MKI.

This parliamentary disclosure meant that only about 350 of the 700 predominantly Russian combat aircraft in service at the time - many of which have already been retired - were available at any time to carry out operations. In addition, the ministry clearly stated that between 15-20% of fighter jets of Russian origin were "grounded aircraft (AOG) due to the lack of spare parts" and that even the operational availability of the IAF frontline Su-30MKIs was 50%.

After that, the availability of the Su-30MKI rose to about 60%, but the perennial problem of spare parts even for this advanced and multifunctional aircraft and the twin-engine MiG-29s, highlighted in Defense Minister Rajnath Singh's discussions with Russian authorities in Moscow in mid-2020. Ironically, this was three years after HAL signed two agreements with Russia for long-term maintenance and spare parts support for the IAF Su-30MKI fleet.

Beriev A-50EI Mainstay.

The two five-year agreements, worth an estimated $300 million, aimed to provide the fast delivery of about 57,000 spare parts of the Su-30MKI, licensed local manufacture of some components and a logistics center for advanced fighters in Bangalore, where HAL builds them. But IAF sources said little was achieved after that.

"The usual promises were made (by Rajnath Singh in Moscow) and protocols signed as before, but the situation on the ground simply did not change," said a retired three-star IAF officer at the time, refusing to be identified. The operational capacity of fighters, he lamented, remains a chronic problem for the IAF and seemed difficult to overcome, mainly due to the shortage of spare parts.

Under the current sanctions regime, the same officer declared, this would only get worse, as Russia would seek to manufacture equipment for itself, instead of holding the Indian armed forces by sending spare parts.

Problems with spare parts are not limited to IAF fighters

By August 2017, CAG had severely indicted the IAF for 'low' maintenance capacity and 'poor' availability of its fleet of Ilyushin Il-76 'Candid' transport aircraft and Il-78 'Midas' tankers that were negatively affecting the operational efficiency force, due to its inability to obtain spare parts from Russia. CAG reported that the average availability of the 14 Il-76 of the IAF of 2010-16 was only 38%, while that of its six Il-78 for the same period was 49%; significantly lower than the 70% of "wanted" maintenance levels. In addition, the avionics of both platforms dated from 1985, so “it was not allowed to operate in international flight corridors,” CAG said.

Il-78 Midas and Su-30MKI.

These endless complications ?? about military parts for India were exacerbated after the disintegration of the Soviet Union in the early 1990s, after which many defense manufacturing units and factories fell under the limits of separatist republics such as Ukraine, which were enemies of Moscow. This generated not only a shortage of spare parts, making them difficult, if not impossible, to obtain, but also prohibitively expensive, as some of the production lines had closed due to little or no demand.

This also resulted in the entire Indian army, including the IAF, obtaining spare parts of dubious quality from the parallel market that, in some cases, even led to equipment failures, for which responsibility was rarely attributed.

One thousand Mi-17 of the Indian Army.

Despite Air Marshal Singh's braggart about the imminent resumption of the IAF's uninterrupted military trade with Russia, he also does not seem to take into account the dual sanctions of the Swords of Damocles that hang over force, which also include the Act to Combat the Opponents of America through US Sanctions (CAATSA

This 2017 law, which followed Russia's annexation of Crimea in 2014 and Moscow's alleged interference in the U.S. elections two years later, directly threatens the recent implementation of the IAF of the first of five Almaz-Antey S-400 Triunf S-400 air defense missile systems that India had acquired at the end of 2018 for $5.5 billion

Antonov AN-26.

So far, CAATSA has been invoked against China and Turkey for installing S-400 systems, but not against Delhi, which seems to have received (for now) a silent resignation by Washington. Perhaps in this case, too, the military of India, especially the IAF, and its political and bureaucratic establishment are discreetly betting on administering these calamities collectively, via jugaad or the rope trick, or possibly even both.

Source: The Wire

Tags: Military AviationIAF - Indian Air ForceMiG-29UPGRussiaSukhoi Su-30MKI FlankerWar Zones - Russia/Ukraine

Embraer promotes its Defense & Security portfolio at the World Defense Show in Saudi Arabia

Fernando Valduga

Aviation photographer and pilot since 1992, he has participated in several air events and operations, such as Cruzex, AirVenture, Dayton Airshow and FIDAE. He has works published in specialized aviation magazines in Brazil and abroad. Uses Canon equipment during his photographic work in the world of aviation.

Cavok Brazil - Digital Tchê Web Creation

[monicasharmalove]

Modi govt's Rafale fighter jet deal 2.86% cheaper than UPA's: CAG report

Economy & Policy:

The Narendra Modi government’s agreement with France to buy 36 Dassault Rafale combat aircraft was 2.86 per cent cheaper than the price negotiated by the previous United Progressive Alliance (UPA) government in its aborted attempt to buy 126 of these planes, according to the Comptroller and Auditor General of India’s report tabled in Parliament .

Beyond that headline number, the report gave enough talking points to both the government and opposition parties to validate their respective positions.

While the report on capital acquisitions of the Indian Air Force came down heavily on the original 126 Medium Multi-Role Combat Aircraft (MMRCA) deal, it also raised concern that Dassault or France did not offer any company or a sovereign guarantee for the latest government-to-government deal. And, that this will lead to savings for the French company and limit India’s legal remedies in a breach of contract.

The report drew sharp political responses. “It cannot be that the Supreme Court is wrong, the CAG is wrong and only the dynast is right... Satyameva Jayate – the truth shall prevail. The CAG report on Rafale reaffirms the dictum,” Union minister Arun Jaitley tweeted. “The lies of Mahajhootbandhan stand exposed by the CAG report. How does democracy punish those who consistently lied to the nation?”

Congress President Rahul Gandhi said the CAG report did not mention the dissent note by negotiators, and that the government's argument on price and faster delivery of the Rafale had been demolished. The report states the Rafale jets would be delivered only one month faster than they would have if the original deal went through. “You say there was no scam, then why are you afraid of ordering a JPC?” he said, reiterating his demand for a Joint Parliamentary Committee to look into the deal.