Turkey shoots down Russian Fighter Jet; Putin terms ‘stab in back’

In a major setback to anti-terrorism operations, a Russian warplane was shot down by Turkish F16s on Tuesday in Syrian border. President of Russia Vladimir Putin termed it as ‘stab in the back’ and he warned there would be serious consequences over Russia-Turkey relations.

Two pilots however ejected from the fighter plane, which hit the ground after it was shot down by Turkish F16s. As per the latest reports, one pilot was reportedly killed while parachuting from the flight while another was reportedly under captive.

This incident is going to be a big blow for the anti-terrorism operations as being a NATO nation, Turkey. Media reports suggest that the plane was on Syrian border when it was shot down. The tension between Russia and Turkey could escalate further following this incident. However, Turkey clarified in the NATO’s governing body meeting, which was convened after the fighter plane was shot down, that the Russian war plan violated Turkey airspace.

Over these allegations, Russia denied that the plan did not violate Turkey airspace.

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Russian Delegation calls on Union Minister for Chemicals and Fertilizers

Russian Delegation calls on Union Minister for Chemicals and Fertilizers

A Russian delegation led by Mr. Rustam Minnikhanov called on Union Minister for Chemicals and Fertilizers, Shri Ananth Kumar here Tuesday. Shri Ananth Kumar said that a Joint Working Group will be formed within a week comprising representatives of all three streams of his ministry, namely, Department of Fertilizers, Department of Chemicals and Petrochemicals and Department of Pharmaceuticals and representatives of Republic of Tatarstan (a subject of the Russian Federation). 


The Joint Working Group will cull out issues concerning promotion of trade, strengthening of bilateral relations and exploring possibilities for training and research work for the personnel working in this field. 

Earlier welcoming the delegation the Minister said that it is a very meaningful visit and will pave a way for strengthening trade relations in respect of fertilizers, chemicals and pharmaceuticals between India and Republic of Tatarstan. 


India looks forward to long-term agreement for import of potash, phosphate and natural gas of which Russia has huge reserves. India has set up a couple of joint ventures in various countries for sourcing finished fertilizers as well as raw materials. 

A couple of joint venture projects for setting up urea-ammonia plants and raw materials are planned, the Minister said. 

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BRICS to boost Trading in Local Currencies

Business News: During the fourth summit of BRICS Counties - Brazil, Russia, India, China and South Africa in New Delhi, the member countries have signed two currency pacts that would boost the trading in local currency.

The countries have also expressed their concern over the excess liquidity in the domestic market dampening the hopes of the retain investors and tumbling the stock markets.

The major five countries have been discussing various issues including the global financial crisis in New Delhi. The member countries have reportedly agreed for setting up South-South Development bank, funded by BRICS.

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