Will India send a military contingent to participate in a war game in Russia? [Flickr]

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Russia has been a major partner of India in the defence sector and the cooperation has been steadily growing further. In a few days from now, a multilateral war game is going to be held in the Astrakhan region in southern Russia from September 15 to 26. The participating countries include India's neighbours - China and Pakistan in addition to a number of other member nations of the Shanghai Cooperation Organisation (SCO), an influential regional grouping.

The SCO is viewed as a counter to NATO. It has emerged as one of the largest transregional international organisations. It accounts for nearly 44 per cent of the world population stretching from the Arctic Ocean to the Indian Ocean and from the Pacific Ocean to the Baltic Sea.

Earlier, India had communicated to Russia that it will participate in the said strategic command-post exercise. India had planned to send around 150 Indian Army troops, 45 Indian Air Force personnel and a number of Navy officers for the exercise. In June 2020, a tri-services contingent from India took part at the Victory Day Parade at the iconic Red Square in Moscow to commemorate the 75th anniversary of the Soviet victory over Nazi Germany in the Second World War. A contingent from China had also attended it.

But India has reviewed its earlier decision now. It may not participate in the exercise.

Also Read: U.S. ncairways.co/russia/

source https://www.flickr.com/photos/165450454@N07/50284066013/

Eight Airlines Still Seek Government Aid to Stay Afloat in Aviation [Flickr]

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Eight airlines - Bangkok Airways, Nok Air, Thai AirAsia, Thai AirAsiaX, Thai Lion Air, THAI Smile Airways and Thai Vietjet- approached the government and requested it to do something for them so that they could remain afloat in the aviation business for at least one more year.

The government seemed to be worried about the airlines regarding liquidity to maintain the employment of their employees. It appeared to be satisfied with the airlines' endeavours - that the airlines did respond to the government’s request to retain their 20,000+ workers through the COVID crisis, despite the fact that their business is limited by travel restrictions and a near-total ban on foreign tourists.

Also Read: Debt in the Airlines Set to Ruin Industry Prospects

Thai AirAsia chairman Tassapon Bijleveld said that the chief expectations of the airlines from the government have been :

allocation of soft loans,
an extension of the excise tax cut for jet fuel and
reduction of airline operation fees such as parking and landing charges.

Prime Minister Prayut Chan-o-cha has pledged to offer 24 billion baht in soft loans to such airlines by October 2020 during the meeting with the airline representatives.

Such a development further endorses the basic fact that the airline industry is not yet out of its troubles. It still has to plead for tax-payers' money to keep it in business. ncairways.co/eight-airlines/

source https://www.flickr.com/photos/165450454@N07/50284711282/

Cummins India Shows Irresistible Accumulative Swing Index [Flickr]

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Cummins: Price breakout from the falling supply line, last three month’s base formations augurs well for next up move

The capital goods space is witnessing fresh momentum after the last three month’s base formation and is expected to witness a catch up with the rest of the market.

Cummins India Ltd., a Mid Cap company, was incorporated in the year 1962. It has a market cap of Rs 12677.74 crores and is operating in Engineering sector. The company, a producer of diesel and natural gas engines, generator sets and their related services operates through two main segments: Engines and Lubes.

In January 2020, its share price fell over 2 per cent. A research house Nomura has downgraded the stock to reduce from neutral and cut target to Rs 570 from Rs 585 per share. Today a consolidation is being witnessed.

o The share price of Cummins India has generated a breakout above the lastthree month’s higher base formation (Rs 311-439). In the process, it has also closed above the falling supply line joining highs since May 2019 (Rs 801) signalling a reversal of the corrective trend and resumption of the fresh up move, thus offers fresh entry opportunity with a favourable risk-reward set up

o Structurally, the stock in the last three months of base formation has constantly been forming higher lows as can be seen in the adjacent chart highlighting the positive price structure. ncairways.co/cummins/

source https://www.flickr.com/photos/165450454@N07/50258514591/

Britannia Industries Continues its Outperformance [Flickr]

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The stock, Britannia Industries (BRIIND), remains a major outperformer within FMCG space and is currently poised to resume its structural uptrend after the four-week breather, thereby offering fresh entry opportunity.
Such a bullish stance on Britannia Industries is anchored on the following observations :

Since March 2020 panic lows of Rs 2100, price rallies are stronger while corrections have remained shallow underscoring strong appetite to own the stock and robust price structure
Over Past four weeks stock retraced is preceding five-week rally (Rs 3305 – 4010) only by 38.2%, signifying elevated buying demand
The share price has consistently garnered buying support at a rising 10-week average in each correction since March 2020.
This rhythm is expected to be maintained and stock to rally higher from current levels

Analysts expect a significant demand zone is now placed ~3570 which is 61.8% retracement of June-July rally, which is expected to be held. ncairways.co/britannia-industries/

source https://www.flickr.com/photos/165450454@N07/50257653863/

EasyJet Establishes Severity Terms for Voluntary Redundancy [Flickr]

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EasyJet pilots have been offered alternative contracts. The airline also warns of upcoming cuts.

In Q3 of last year, budget carrier EasyJet served 26.4m fliers and earned £1.76bn as revenue. One year later, the story became entirely different. EasyJet flew just 117,00 passengers and could earn revenue of only £7m as it could not utilise its resources.

The EasyJet (LSE: EZJ) share price has crashed this year. The stock has fallen 65% from its 52-week high of 1,500p witnessed at the end of February.

The coronavirus crisis has hit the airline sector like a storm. Several air carriers were forced to ground their planes as travel restrictions were imposed around the world.

Following the grounding of its fleet, EasyJet had to deal with the nightmare scenario of having no income and persistent expenditures. Additionally, it also has a number of other liabilities.

The dire financial predicament of the discount airline EasyJet has forced the company to consider strange steps for its survival.

EasyJet shall extend its pilots “seasonal” contracts. That is, work for 26 weeks continuously, and do not draw any salary for the rest of the year.

EasyJet has over 2200 pilots. As the global airline companies battle the collapse in the air travel business, EasyJet may terminate a third of its pilot workforce in an attempt to make severe cuts in its expenditures. ncairways.co/easyjet/

source https://www.flickr.com/photos/165450454@N07/50258496452/

India's Foreign Policy: Influence in global affairs grows [Flickr]

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www.youtube.com/watch?v=0-seLpAP-j4

India's influence in global affairs has been increasing since it is rising economically and militarily stronger. India is becoming the centre of world major power politics. In such a scenario, it is important to have an overview of India's foreign policy. Understanding India's Foreign Policy from the mouth of an international personality itself - Shri Vishnu Prakash Sir who has served Indian Foreign Service as Ambassador to Canada and South Korea.

He is being interviewed by Shri K.Siddhartha Sir who is a Strategic thinker, International speaker, Author of 43 books and Mentor of 1553 successful civil servants.

EMAIL - civilservicestv@gmail.com ncairways.co/foreign-policy/

source https://www.flickr.com/photos/165450454@N07/50128558246/

Dubey ji Bounces Back [Flickr]

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Dubey ji Bounces Back

by Vivek Atray (Goodreads Author)

Synopsis:

Meek and morose is what Raghav Dubey has been all his life but when Sarla Koppikar wallops him on his head and almost kills him, Dubey ji decides to undergo a complete makeover. He shaves off his moustache, sheds his reticence in female company and even learns to play the guitar! His career graph now rockets skywards with his newfound zest and energy enabling him to work wonders at Mumbai's Bonny Bank. The beauteous Avni Singh bowls him over and he is left utterly lovestruck. Even the very charming Paulomi Bose fails to distract him. Dubey ji's bête noire is found dead and our hero is in deep trouble. Will he be able to bounce back again?

Vivek Atray, the Author

Vivek Atray is an Author, Advisor, Motivational Speaker, Formerly of the Indian Administrative Service, IAS and Mentor. He retired voluntarily from the IAS in 2017. He is an ex-under 19 cricketer. He speaks all over India on topics such as Emotional Intelligence, Leadership, People Skills and Behavioural Issues. He has over 20 Lakh (2 million) views on YouTube.

He is the founder of SUVICHAR Think Tank, Professor at Shoolini University, member of the CSR Advisory Board of ACTION AID and a member of the Governor’s Advisory Council for Chandigarh. He is also a founder of the Vibrant Networking Forum and the Chandigarh Literary Society, and Co-Convenor of INTACH Chandigarh. ncairways.in/amazon-books/

source https://www.flickr.com/photos/165450454@N07/50086492631/