By A Correspondent New Delhi: In the regular Union Budget of Financial Year (FY) 2024-25 presented by India’s Minister of Finance Nirmala Sitharaman on July 23, the Ministry of Defence (MoD) has been allocated Rs 6,21,940.85 crore (approx. US$75 billion), the highest allocation among Prime Minister Narendra Modi’s […]
New Delhi: Facing a challenge in Ladakh from China since May last, India will arm its defence forces be spending an additional $3 billion (Rs 21,000 crore) this fiscal ending Mar. 2021 to boost capabilities and plug gaps in weapons and military equipment. For the same reason, and […]
(Editor’s Note: Corrections in paragraph 3 and 4, to read the economic package as Rs 2,000,000 crore or Rs 20 trillion or $266 billion, and production target Rs 30,000 crore as $4 billion respectively.) By Ayaskant Das The Ordnance Factory Board (OFB) has fallen short of its production […]
By N. C. Bipindra New Delhi: In a clear indication of its strong will and intent to push ahead with the corporatisation of the state-run ordnance factories, India’s Narendra Modi government today set up a very powerful group of ministers headed by heavyweights such as Rajnath Singh and […]
By N. C. Bipindra New Delhi: In a major boost to the private sector, India‘s defence ministry today said it has signed a Rs 2,580-crore (slightly over $350 million) contract with Larsen and Toubro and Tata Power Company Limited, apart from a public sector enterprise, for the supply […]
New Delhi: India’s top officer responsible for defence acquisition has just dropped the bomb: The recently announced hike in the country’s Foreign Direct Investment (FDI) norms to 74 per cent will not apply to the Strategic Partnership programmes that the armed forces are pursuing. This is big — […]
