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[ad_1] Following the crash of a MiG-21 Bison fighter jet in Rajasthan'a Hanumangarh recently, the Indian Air Force (IAF) has grounded the entire fleet of the MiG-21 fighter aircraft. The planes will be grounded till the checks are carried out and investigations into the reasons behind the crash over Rajasthan, said the IAF. The MiG-21 is the oldest operational fighter jet in India, with a questionable safety record. The fighter is also known as 'Flying Coffin' and 'Widow Maker' for hundreds of crashes in the past 5 decades. "The MiG-21 fleet has been grounded till the investigations are carried out and reasons for the crash are ascertained," senior defence officials told ANI. More pilots of the Indian Air Force have died in the MiG-21 crashes than any other fighter jets in India. Recently, three civilians lost their lives in the crash when a MiG-21 Bison aircraft airborne from the Suratgarh air base crashed over Hanumangarh in a village on May 8. F...

[ad_1] KARACHI/PESHAWAR: When the military was called on to help defend the ailing rupee, licenced foreign exchange traders cheered while their black market rivals in the bazaars of Peshawar, Karachi and other cities shuttered their shops before they got taken away. The campaign against the informal market has worked. Tens of millions of dollars have poured back into interbank and open markets, dealers say, since raids on black market operators began on September 6. The rupee, which plumbed record lows on September 5, recovered to below 300 per US dollar on the open market earlier this week, rallying more than 10% from levels prevailing before the clamp down to stand even stronger than the official rate. While there have been other attempts to curb the black market when the rupee has been under stress, the latest push came after licenced dealers requested army chief General Asim Munir take action, rather than leave it solely to the civilian caretaker government. Called to I...