March 2, 2023: Important Current Affairs
S-400 air defence systems Deliveries of five regiments of S-400 air defence systems under a $5.43 billion deal with Russia are expected to be completed by year end or early 2024. In July 2019, the Union government said in a written reply in Parliament that S-400 deliveries were “likely to be made by April 2023”. India has contracted five S-400 regiments under a $5.43 billion or ₹40,291 crore deal as per a conversation rate of ₹74.2 against the dollar at the time, signed in October 2018. The deal has been delayed from the start over payment issues. With the looming threat of U.S. sanctions under CAATSA (Countering America’s Adversaries Through Sanctions Act), the two sides had worked out payments through the rupee-rouble exchange. India calls upon G20 countries for faster extradition of fugitive economic offenders India has called upon G20 countries to adopt multilateral action for faster extradition of fugitive economic offenders and recovery of assets both on domestic front as well as …
