Defence & Security Current Affairs - 2019

Defence Current Affairs of 2018-19 related to India’s Defence, Indian Armed Forces, Defence Production, Defence Acquisition and related matters for SSC, States Civils, UPSC and Other Competitive Examinations.

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Defence Minister on a 2-day visit to France; To receive 36 Rafale fighter jets

Defense Minister Raj Nath Singh to visit France on 7th October, 2019. He will receive the Rafale Fighter Jets manufactured for India. He will meet French President Macron the next day. He will also hold annual defence dialogue with his French counterpart.

The Rafale Issue

The IAF – Indian Air Force announced Rafale fighter jets as preferred bidder in 2012. The proposal was that 18 Rafales would be supplied in fly away condition while remaining 108 would be manufactured by HAL – Hindustan Aeronautics Limited under transfer of technology agreements. The contract negotiations begun but were stalled due to lack of agreement terms. Reasons of stalling were RFP compliance and cost – related issues.

In 2016, issue rose when the stalled deal was provided to a private party (Anil Ambani).

Why was the deal important to India?

After Kargil war, IAF were of the opinion that the its ability to strike targets require radical improvement. Hence, the government stepped on to initiatives to increase its IAF fleet.

About Rafale aircraft

They are produced by the French Air Force. The countries that are currently using aircraft include Egypt, Qatar, Libya, Mali, Afghanistan, Iraq and Syria.

Significance of Rafale

The aircraft has the capability to perform several actions in the same time. It includes firing air – to – air missiles at low altitude, air to ground missile launching. Both the actions can be intercepted at the same time.

FATF report on money laundering: slams Pakistan for terror funding

The Asia – Pacific Group of FATF (Financial Action Task Force) slammed Pakistan as the later failed to take actions against terror groups. On 5th October, 2019, the group published report on Money Laundering and terror financing in Pakistan.

Key statements of the report

  • The watchdog reported that Pakistan failed to implement the UNSC (United Nations Security Council) resolution against Hafiz Saeed, JeM – Jaish – e – Mohammed, LeT – Lashkar – e – Taiba.
  • The report disagreed Pakistan’s self – assessment that it only faces ‘medium’ category risks.
  • It also said that the key banking institutions in the country like the Securities and Exchange Commission of Pakistan and State Bank of Pakistan had very limited or no understanding of the terror financing regimes of the country.
  • The report alerted Pakistan that it could be black listed alongside North Korea and Iran unless it takes actions against the UN – designated terrorists in its soil

FATF

FATF is the Finacial Action Task Force. It is an inter – governmental body that was established in 1989. The main objective of the organization is to set standard and promote implementation of legal regulatory measures for money laundering and terror financing. It issued a series of recommendations as international standard to combat money laundering. It now forms the base for coordinated response to threats faced by financial systems