India Strikes Deep in Pakistan | India, UK Ink Historic FTA | Synoptics IPO Scam
1. Operation Sindoor: India Strikes Back
In a dramatic pre-dawn move on May 8, India launched Operation Sindoor, striking nine terror camps across Pakistan and Pakistan-occupied Kashmir, including key Lashkar and Jaish hubs in Bahawalpur, Kotli, and Muzaffarabad. The operation was a direct response to the Pahalgam terror attack that killed 26 civilians on April 22.
Executed using fighter jets, loitering munitions, cruise missiles, and tri-service precision, the strikes were conducted entirely from Indian airspace and targeted only terrorist infrastructure. India described the operation as “focused, measured, and non-escalatory,” avoiding Pakistani military installations while showcasing significant firepower and coordination across the Army, Navy, and Air Force.
2. Pakistan Responds: “This Won’t Go Unanswered”
Reacting to the strikes, Pakistan’s military issued a stern warning. The Inter-Services Public Relations (ISPR) stated, “India’s temporary pleasure will be replaced by enduring grief,” vowing retaliation at a time and place of its choosing. Pakistan confirmed strikes in three locations and mobilized its air force, while closing its airspace for 48 hours. Tensions along the Line of Control have since intensified, with reports of heavy artillery exchanges.
3. IAF Combat Drills & Civil Defence Readiness
Parallel to Operation Sindoor, the Indian Air Force began a major combat readiness exercise across the western sector, involving fighter jets, drones, helicopters, AWACS, and refuellers in Rajasthan, Gujarat, Haryana, and UP. Though termed “routine,” the timing—post-Pahalgam—adds strategic weight.
Simultaneously, India conducted nationwide civil defence drills across 244 districts, the largest since 1971. These drills tested air raid sirens, evacuation plans, blackout protocols, and communications, sending a clear message: India is prepared for all scenarios.
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4. India, UK Seal Historic Free Trade Deal
In a major diplomatic win, India and the UK signed a long-awaited Free Trade Agreement after three years of negotiations. The deal unlocks a $45 billion trade corridor, addresses visa access for Indian professionals, and introduces the Double Contribution Convention to ease social security obligations for cross-border workers.
While hailed as a boost for textiles, automotive, and seafood exports, concerns remain over the UK’s upcoming carbon tax that could hurt Indian steel and cement exports. Still, the FTA is expected to double bilateral trade to $100 billion by 2030, marking a new chapter in India’s global trade diplomacy.
5. SEBI Exposes IPO Scam at Synoptics
In a first-of-its-kind action, SEBI has cracked down on Synoptics Technologies and its merchant banker, First Overseas Capital Ltd, for misusing over ₹19 crore from IPO proceeds. The money was diverted to shell entities a day before listing, with ₹2 crore used to buy Synoptics shares and artificially inflate demand.
SEBI called the misuse “shocking and stunning,” banned FOCL from handling any new IPOs, and barred Synoptics’ promoters from the market. A deeper probe has been launched into 20 other IPOs managed by FOCL. The message is clear: tampering with public money won’t go unpunished.
6. India to Overtake Japan as 4th Largest Economy
According to the IMF’s April 2025 Outlook, India is projected to surpass Japan in 2025 with a GDP of $4.187 trillion, becoming the world’s fourth-largest economy. This rise reflects India’s resilience, reforms, and growing domestic demand—even as growth cools to 6.2% in FY25.
Challenges persist: trade tensions, including recent US tariffs, and slowing momentum may test the climb. But India’s long-term trajectory remains upward, with Germany next in its sights.
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