Kerala CM Vijayan writes to PM Modi to withdraw VGF repayment for Vizhinjam seaport
Saturday, 14 December 2024 Kerala CM Pinarayi Vijayan has urged PM Modi to waive the repayment of Rs 817.80 crore Viability Gap Funding (VGF) for the Vizhinjam International Seaport project. Vijayan argues that requiring repayment contradicts VGF guidelines and would impose a significant financial burden on the state, which has already invested Rs 5,554 crore.
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India has reportedly declined a U.S. offer to buy F-35 stealth fighter jets, according to Bloomberg. The offer was made by President Trump during Prime Minister Modi’s visit to Washington in February. Instead of purchasing American jets, India is prioritizing joint defense manufacturing initiatives and has shown greater interest in the Russian Su-57, especially after its debut at Aero India.
The Indian Ministry of External Affairs downplayed Bloomberg’s report, confirming no formal talks on the F-35 have taken place yet. Meanwhile, the U.S. has slapped 25% tariffs on Indian imports due to a failed trade deal, escalating tensions. Trump also announced India would face a penalty over its continued defense ties with Russia. This deepening rift could impact U.S.-India defense cooperation and reshape future arms procurement.
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Saturday, 14 December 2024
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