A salesman watches Prime Minister Narendra Modi addressing to the nation, on TV screens inside a showroom in Mumbai, India, on Wednesday. Francis Mascarenhas/ Reuters
NEW DELHI: Prime Minister Narendra Modi said India had shot down a satellite in space on Wednesday with an anti-satellite missile, hailing the test as a major breakthrough in its space programme.
Modi made the announcement in a television address to the nation. He said India would only be the fourth country to have used such an anti-satellite weapon after the United States, Russia and China.
Such capabilities have raised fears of the weaponisation of space and setting off a race between rival powers.
“Some time ago, our scientists, shot down a live satellite 300 kilometers away in space, in low-earth orbit,” Modi said, calling it a historic feat.
“India has made an unprecedented achievement today,” he said, speaking in Hindi. “India registered its name as a space power.”
Modi faces a general election next month. He went on Twitter earlier to announce his plan for a national broadcast, saying he had an important announcement to make.
India has had a space programme for years, making earth imaging satellites and launch capabilities as a cheaper alternative to Western programmes.
Brahma Chellaney, a security expert at New Delhi's Centre of Policy Research, said the United States Russia and China were pursuing anti-satellite (ASAT) weapons.
“Space is being turned into a battlefront, making counter-space capabilities critical. In this light, India's successful “kill” with an ASAT weapon is significant.”
No comment was immediately available from old rival Pakistan. There was also no immediate reaction from China's foreign or defence ministries.
Despite several challenges including the NBFCs-triggered liquidity crisis as well as global trade tensions and high crude oil prices, the Indian equities market emerged as one of the best performers globally in 2018-19. “The Indian indices − S&P BSE Sensex and NSE Nifty50 − both have outperformed major world indices in 2018-19,” HDFC Securities’ Retail Research Head Deepak Jasani told IANS.
Power and banking stocks rose after the Supreme Court on Tuesday struck down the Reserve Bank of India’s (RBI) February 12, 2018, circular on banks’ non-performing assets (NPAs), or bad loans The RBI circular had directed banks to refer any loan account above Rs 2,000 crore for proceedings under the Insolvency and Bankruptcy Code (IBC) if such an account is not resolved within 180 days of default.
Positive global cues owing to an easing of US-China trade tension pushed the Sensex and Nifty nearly 0.50 per cent higher on Friday led by gains in metals and IT index. The BSE Sensex closed 177.51 points or 0.46 per cent higher at 38,862.23 points while the Nifty finished 67.95 points or 0.59 per cent up. “Nifty ended on a positive note with broad-based gains post two days of consolidation
Playing in his debut match, Mumbai Indians’ West Indies’ quick Alzarri Joseph registered the best-ever IPL bowling figures of 6/12 off 3.4 overs to fire Mumbai Indians to a 40-run win over Sunrisers Hyderabad in a match of modest scores at the Rajiv Gandhi International Stadium in Hyderabad on Saturday.
Under the theme “Emirati Women…Status and Empowerment”, the Al Khaleej Research Unit at Dar Al Khaleej for Press, Publishing and Advertising in Sharjah will hold at its headquarters the 19th edition of its annual conference on Saturday, April 27, 2019 in the presence of officials, dignitaries, academics and university students.
Sheikh Sultan Bin Ahmed Al Qasimi, Head of the inauguration ceremony committee of the Sharjah World Book Capital (SWBC), has noted that the ‘1001 Nights: The Last Chapter’ show will take Sharjah’s cultural and humanitarian message to the world through an untold story of Scheherazade.
Parents who wish their children to fast during the Holy Month of Ramadan should first consult their paediatricians.