As part of the "Atmanirbhar Bharat" (self-reliant India) package, the central government had announced on May 16 last year that it would improve autonomy, accountability and efficiency in ordnance supplies by corporatisation of the OFB.
Their success or failure will eventually hinge on how much equipment the services procure, and whether the finance ministry supplements the allocations in the Budget
'For Indian firms supplying global majors, coronavirus is both a threat and an opportunity.'
A combination of factors, including heavy investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trillion to the government for 2023-24 (FY24). The RBI's dollar purchases increased in FY24, supported by robust capital inflows endorsing the economy's health.
We must seize the opportunity provided by the COVID-19 crisis to kick-start indigenous research efforts, recommends Colonel Anil A Athale (retd).
Describing the state visit of Prime Minister Narendra Modi to America as a "watershed moment" in bilateral ties, US Ambassador to India Eric Garcetti has said that this week will be one of those moments that can change the course of history as the two democracies get together for peace and prosperity.
India and the US agreed to continue their cooperation in the areas of defence, space and clean energy as External Affairs Minister S Jaishankar met Secretary of State Antony Blinken here, amid a simmering diplomatic row between India and Canada over the killing of a Khalistani separatist.
Several CII defence committee members confirm this is now the official CII position, which conforms to that of industry bodies, Ficci and Assocham.
Free provision of food, cash transfers, and jobs in villages see enhanced flow of funds despite a precipitous fall in revenue. Till May, defence spend was nearly 30 per cent less than the previous year.
There is unlikely to be a rush towards the country unless New Delhi is ready with fairly applied regulations.
One of the high points of the proceedings was when Indrani Mukerjea's lawyer smartly utilised Dr Zeba Khan's expert status to pose her A Most Curious Question. He asked her if a skull can grow new teeth, even after the person, who it belonged to, had died, three years before. We can be sure that the discrepancy between the number of teeth discovered in the skull unearthed in 2012 and the skull shown in court in September 2019 will come up soon in Courtroom No 51. Vaihayasi Pande Daniel reports from the Sheena Bora Murder Trial.
As India and the United States are set to begin negotiations on two transformational deals -- Security of Supply Arrangement (SOSA) and Reciprocal Defence Procurement Agreement (RDP) -- the Pentagon has said that the defence industries of the two nations will come together once the negotiations conclude.
Calling COVID-19 pandemic and vaccines as one of the most important aspects of his discussions with top officials of the Biden administration, External Affairs Minister S Jaishankar has said the endeavour is to expand production of vaccines in India with assistance from the US.
That would result in the military under-spending about Rs 80,000 crore over the financial year.
'I found it unbelievable that L&T said 45,000 jobs were waiting to be filled because of unavailability of suitable skillsets.' 'So, when the Opposition sweepingly says there are no jobs, I'm sorry... I'm not saying it's raining jobs, but there are jobs. The (skill) gap has to be bridged.'
'Similar to the case of the digital payment system where the government created a public platform and others joined in, we are exploring a similar structure to create a PPP platform where the compute required for AI could be accessed by the small player.'
Defence Minister Nirmala Sitharaman and her American counterpart James Mattis reviewed ongoing initiatives to further strengthen bilateral defence cooperation.
From the seas to the stars, this partnership will now be deepened by the defining role of technology, the statement said.
Defence Minister A K Antony has asked the Navy and the DRDO to maintain highest safety standards in the nuclear submarine fleet of the country after the mishap at the site of an under-construction vessel at Vishakhapatnam in which one person was killed.
Unlike Israeli company NSO, whose sale of Pegasus cyber tech grabbed worldwide attention, and other manufacturers of offensive-cyber products, Cellebrite operates in a grey area between security exports and civilian ones.
Pant, a 1991-batch Indian Administrative Service officer of Rajasthan cadre, is currently secretary in the ministry of ports, shipping and waterways.
With the signing of the pact, the Quad grouping of India, Japan, Australia and the US is set to gain more heft now, notes Dr Rajaram Panda.
FDI in the defence sector during 2000-2014 has been a meagre $4.94 billion, despite the total FDI flow into the country across sectors standing at $321.81 billion.
Defence Minister Rajnath Singh on Wednesday conveyed to US Defence Secretary Lloyd Austin India's concerns over Washington's decision to provide sustenance package for Pakistan's F-16 fighter jet fleet.
New Delhi's growing defence partnership with Tokyo could take wing with the US-2 (Utility Seaplane Mark 2), a one-of-a-kind amphibious aircraft that has Indian naval planners goggle-eyed.
One hopes in his next term, Narendra Modi will take up the mission of inculcating respect for following rules in Indians as a mission. Therein lies the chance for India to become a developed country, asserts Colonel Anil A Athale (retd).
United States President Joe Biden and Prime Minister Narendra Modi are expected to make meaningful advancements on the GE jet engine deal and civil nuclear technology during their bilateral talks, National Security Advisor Jake Sullivan was cited in a Reuters report.
Members of his team and industry were right now in India, US Defence Secretary Ash Carter disclosed, 'looking at the potential co-production of fighter aircraft.'
The government, which is celebrating 75 years of India's Independence, has proposed that India@75 tableaux include India's freedom struggle, its achievements, actions and resolves over the past seven decades.
"The proposal for the appointment of the three joint secretaries of the DMA including Major General Narayanan, Rear Admiral RK Dhir and Air Vice Marshal SK Jha has been sent to the government for final approval," defence ministry sources told ANI. Sources said the DMA has also sent a proposal for the appointment of lieutenant general rank officers for appointment as additional secretaries in the ministry.
United States President Barack Obama has signed into law the $618 billion defence budget for 2017, which enhances security cooperation with India and conditions nearly half of the funding to Pakistan on a certification that it is taking demonstrable steps against the Haqqani Network.
According to the Pentagon report, the PLA is creating options for dissuading, deterring, and defeating external intervention in the Indo-Pacific region.
With general elections on the horizon, the government's privatisation bandwagon has almost but stalled as a government wary of being accused of selling family silver opts for minority stake sales on stock exchanges over outright privatisation. The result -- the divestment target for current fiscal year is again likely to be missed. Big ticket privatisation plans such as that of Bharat Petroleum Corporation Ltd (BPCL), Shipping Corporation of India (SCI) and CONCOR are already on the backburner and analysts feel meaningful privatisation can happen only after April/May general elections.
The defence ministry said Maharashtra was voted as the best tableau among the states/union territories in the popular choice category.
The dust over the controversy around foreign direct investment (FDI) in the defence sector appears to have settled.
The hope that the ongoing 13th round of negotiations towards an India-UK free trade agreement (FTA) could conclude with a deal for British Prime Minister Rishi Sunak to sign off in time for the India versus England World Cup cricket clash in Lucknow on October 29 seem to be fading, according to a UK media report on Wednesday. The Financial Times quoted officials briefed on the negotiations to say that a lack of movement towards opening up of the Indian market to British professional services in the field of law and accountancy is among the factors for the slowdown. So much so that cricket fan Sunak's proposed return visit to India after an inaugural visit as UK Prime Minister to New Delhi for the G20 Summit last month is looking "very, very unlikely to happen".
'The US and India continue to use their deepening relationship to build new partnerships within and beyond the Indo-Pacific.'
A powerful senatorial committee on Wednesday is set to consider a bipartisan resolution to recognise Arunachal Pradesh as an integral part of India, pushing back against China's military aggression to change the status quo along the Line of Actual Control.
India and the US on Friday said they have started talks to put in place a strategic framework for human space flight by year-end as they plan to send an Indian astronaut to the International Space Station in 2024.
In most parts of the landlocked northeastern state, items such as rice, potato, onion and egg besides LPG cylinders and petrol are selling at rates much above the ones fixed by the government.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances