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Wednesday Morning News Brief, April 25

Apr 25, 2018
Wednesday morning brief Apr 25 2018
Good morning!
Here’s everything you need to know to start your day…
Testing its war-fighting drills, the IAF flew as many as 11,000 sorties during the GaganShakti exercise. The IAF conducted the drills on both the western front with Pakistan and the northern one with China, with even chemical, biological, radiological and nuclear attack scenarios coming into play. According to an officer, around 9,000 sorties were by fighters like Sukhoi-30MKIs, Mirage-2000s, Jaguars, MiG-29s, MiG-21s, MiG-27s, Tejas and the Hawk advanced jet trainers. Read
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The prices of petrol and diesel hit a new high as crude oil price rose to Rs 5,314 per barrel. In Delhi, the sample market considered by the government, petrol price rose to Rs 74.63 a litre, the highest since September 2013. Diesel was selling at Rs 65.93 a litre. Several factors indicate that oil prices are going to remain on fire, including high excise duty, which the Centre had raised by Rs 11.77 per litre on petrol and Rs 13.47 on diesel, when crude went on a free fall between November 2014 and January 2016.
Three projects each in Andamans and Lakshadweep are ready to be launched through public-private partnership to boost tourism. This partnership is the Centre’s initiative for sustainable development of islands for tourism promotion. Under this project, an investment of Rs 650 crore is expected from companies in the tourism and IT sector in these islands. Some key tourism projects include a treehouse resort on Andamans’ Smith Island and a premium resort in Long Island’s Lalaji Bay.
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India won’t soften its position on Pakistan’s terror exports during the meeting between PM Narendra Modi and Chinese President Xi Jinping. Foreign minister <a href=”https://timesofindia.indiatimes.com/india/india-wont-soften-on-terror-from-pakistan-during-modi-xi-talks/articleshow/63902528.cms”>Sushma</a> Swaraj, in her address at the Shanghai Coperation Organisation meeting, reiterated India&rsquo;s position directly. &ldquo;Our fight against terrorism shouldn&#39;t only seek to eliminate terrorists but should also take strong measures against states that support &amp; finance terrorism,&rdquo; she said. The reference to Pakistan, which was not named, was clear enough.
The Enforcement Directorate has moved to confiscate properties of Vijay Mallya, Nirav Modi and Mehul Choksi. According to sources, the ED decided to approach the Prevention of Money Laundering Act (PMLA) court to seek that Mallya, Modi and Choksi be declared &lsquo;<a href=”https://timesofindia.indiatimes.com/india/ed-moves-to-seize-vijay-mallya-nirav-modis-assets/articleshow/63903060.cms”>fugitives</a>&rsquo; who had defied non-bailable arrest warrants to stay abroad. It will argue that they are liable to be covered under the stringent provisions of the new law against economic offenders. Mallya&rsquo;s assets, estimated to be worth Rs 9,000 crore, have been provisionally attached under PMLA.
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