Banking services chronicle

Banking services chronicle

Banking services chronicle Published this article page no   93 For the first time as part of the Ease of Living Index Assessment a Citizen Perception Survey is being conducted (which carries 30% of the marks of the EoLI).  This will help in directly capturing perception of citizens with respect to quality of life in their cities. INTEGRATED AIR DEFENCE WEAPON SYSTEM (IADWS) Why in news? The US has approved the sale of an Integrated Air Defence Weapon System (IADWS) to India at an estimated cost of $1.9 billion. Integrated Air Defence Weapon System (IADWS)  The Integrated Air Defence Weapon System (IADWS) is called as the National Advanced Surface to Air Missile System (NASAMSII). o It is an upgraded version of the NASAMS developed by the US firm Raytheon.  It will be a combination of different weapons like Stinger missiles gun systems and advanced mediumrange airtoair missiles (AMRAAMs) backed by 3D Sentinel radars firedistribution centres and commandandcontrol units. Significance of deal  Modernise Indias armed forces It helps to modernise Indias armed forces and to expand its existing air defence architecture to counter threats posed by air attacks.  Multilayered missile shield over the National Capital Territory (NCT) of Delhi It will be used along with indigenous Russian and Israeli systems to erect an ambitious multilayered missile shield over the National Capital Territory (NCT) of Delhi against aerial threats.  Strengthen the USIndian strategic relationship It helps to improve the security of a major defensive partner which continues to be an important force for political stability peace and economic progress in the IndoPacific and South Asia region.  Regional Balance The proposed sale comes amidst the massive military modernisation by China which is also flexing its military muscles in the strategic IndoPacific region Banking services chronicle buy.

Banking services chronicle