Vision Statement on Defense Cooperation between India and Israel
India and Israel have inked a "vision Statement" with the goal of significantly enhancing their long-standing defence cooperation. This declaration was signed during a meeting between India`s Defence Minister Rajnath Singh and Israel`s Defense Minister Benny Gantz. Israel`s defence minister stressed the importance of increasing investment in bilateral defence cooperation.
Israel is a technological superpower while India is an industrial superpower, thus, cooperation between both nations will help in expanding the individual capabilities. India and Israel are facing similar challenges, including fighting terrorism and border security. Hence, both nations by working together will be able to boost their capabilities and ensure the economic and security interests of both countries. A Letter of Intent was also exchanged between both ministers to enhance cooperation in the field of futuristic defence technologies.
The discussion held included topics such as:
- military cooperation
- strategic global challenges
- joint Research and Development
- defence industrial cooperation
- The ministers also discussed a cooperation agreement that was signed between the Indian Defence Research and Development Organisation (DRDO) and Israel’s Directorate for Defence R&D. This agreement will help enable the expansion of developmental and technological collaboration between both nations. Also, the Ministers discussed partnerships about:
- military training
- defensive capabilities
- technological cooperation focusing on Unmanned Aerial Vehicles (UAV)
Mukesh Ambani is the richest man in Asia, according to Bloomberg Billionaires.
Mukesh Ambani, Chairman and Managing Director of Reliance Industries Limited (RIL), has reclaimed the title of India`s and Asia`s richest man, succeeding Adani Group Chairman Gautam Adani.
Highlights:
- Mukesh Ambani regained the position of India and Asia`s richest man, replacing Adani Group Chairman Gautam Adani.
- Mukesh Ambani has a net worth of $99.7 billion and added $9.69 billion in 2022, according to the Bloomberg Billionaires Index.
- On the global billionaire list, Mukesh Ambani is followed by Gautam Adani. Adani is ranked 9th with a net worth of $98.7 billion in the Bloomberg Billionaire index.
In the midst of the crisis, the UN will provide $48 million in humanitarian aid to Sri Lanka.
Sri Lanka was to receive $48 million in humanitarian aid from the United Nations over a four-month period.
Highlights:
- The United Nations planned to give humanitarian assistance of about $48 million over a 4-month period to Sri Lanka.
- Since January, New Delhi’s financial assistance has been worth over $3 billion to give essential items, including fuel, food, cooking gas, and medicines.
- Sri Lanka now needs $6 billion to keep the country afloat for the next 6 months, adding that $5 billion is needed to ensure day-to-day living and $1 billion to strengthen the Sri Lankan rupee.
- Sri Lanka is almost bankrupt, having suspended repayment of its foreign loans. Its foreign reserves are nearly spent, which has limited imports and caused severe shortages of essential items.