(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 […]
New Delhi: The COVID-19 pandemic and the lock down announced by the Narendra Modi government has bled the Civil Aviation industry in India. The government today told Parliament of India that the impact of the COVID-19 lock down was so severe on the aviation industry that the domestic […]
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 […]
New Delhi: India’s largest workers union, Bharatiya Mazdoor Sangh (Hindi, translates to Indian Labour Union), today said it will protest Jan. 3 the proposed corporatisation and disinvestment of the defence Public Sector Undertakings (PSUs) and state-owned industries, and has called for a stop to Foreign Direct Investments (FDIs). […]
Bengaluru: India’s lone aircraft manufacturer, Hindustan Aeronautics Limited (HAL), today announced the final settlement of its nearly two-month-old workers’ trouble at all its plants across the nation over wage revision. In a statement, HAL said its management and the workforce entered into an agreement to settle the wage […]
New Delhi: India has signed a cumulative $5.67-billion defence offset from 21 contracts with foreign companies in the last three years. This would mean the Narendra Modi government clinched overseas deals worth at least $20 billion during the period, bringing benefits to the local industry India’s defence offset […]
Bengaluru: An Indian court today ordered the ongoing lock-down protest called by Hindustan Aeronautics Limited workers to be called off, the company said in a statement today. “The High Court of Karnataka has passed an interim order today restraining the Hindustan Aeronautics Employees Association (HAEA), its office bearers/workmen […]
New Delhi: India’s Ministry of Defence today said it doesn’t intend to privatise the 41 ordnance factories, but only provide it a corporate character to ensure efficiency in their functioning. At a meeting between the ministry officials’ committee and labour union leaders today, in continuation of a similar […]
