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IAF operationalises no.18 Squadron, equips it with LCA Tejas

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New Delhi, 27 May : The Indian Air Force (IAF) on Wednesday operationalised its no.18 Squadron, the “Flying Bullets”, at Sulur near here, equipping it with the fourth generation Mk1 LCA (Light Combat Aircraft) Tejas.

The indigenous tailless compound delta-wing aircraft was inducted at an official ceremony in the presence of Air Chief Marshal RKS Bhadauria at the Sulur Air Force Station.

The No.18 Squadron will be the second one to have the home-made Tejas, after the 45 Squadron based here.

An all-faith prayer was held and a coconut broken to mark the induction of Tejas today.

The No 18 Squadron, formed in 1965 with the motto “Teevra aur Nirbhaya” meaning “Swift and Fearless,” was earlier flying MiG 27 aircraft.

India

Indian economy to contract by 10.3% in 2020; may show 8.8% growth in 2021: IMF

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New Delhi, 13 Oct. : The Indian economy, severely hit by the coronavirus pandemic, is projected to contract by a massive 10.3 percent this year, the International Monetary Fund said on Tuesday.

However, India is likely to bounce back with an impressive 8.8 percent growth rate in 2021, thus regaining the position of the fastest growing emerging economy, surpassing China’s projected growth rate of 8.2 percent, the IMF said in its latest ‘World Economic Outlook’ report.

Released ahead of the annual meetings of the IMF and the World Bank, the report said global growth would contract by 4.4 percent this year and bounce back to 5.2 percent in 2021.

America’s economy is projected to contract by 5.8 percent in 2020 and grow by 3.9 percent the next year, the IMF said.

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Johnson & Johnson Pauses COVID-19 Vaccine Trial Participant Became Unwell

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New Delhi, 13 Oct.: US pharmaceutical giant Johnson & Johnson announced that it has temporarily paused its Covid-19 vaccine trial after a participant became unwell.

“We have temporarily paused further dosing in all our Covid-19 vaccine candidate clinical trials, including the Phase 3 ENSEMBLE trial, due to an unexplained illness in a study participant,” company as saying in a statement on Monday.

The patient’s condition was being reviewed and evaluated by the ENSEMBLE independent Data Safety Monitoring Board as well as internal clinical and safety physicians, it added.

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Govt LTC scheme: Employees may have to spend over Rs 1 lakh for reimbursment

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New Delhi, 12 Oct : The government’s measures to boost consumption demand by providing more money into the hands of individuals would require a central government employee to spend in excess of Rs 1 lakh to claim leave travel concession reimbursement of just over Rs 30,000.

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