The navy is pushing hard for IAC-2 to be a 65,000-tonne, flat deck carrier that is designed and built in India, with technical and tactical consultation from the US navy -- the global masters in aircraft carrier operations.
The PM-CARES fund, which has been set up to provide relief during the coronavirus pandemic, has contributed over Rs 2,200 crore for the first phase of vaccination drive, which is looking to inoculate frontline healthcare workers, the Expenditure Secretary said on Tuesday.
Boeing is pressing hard to win the Indian Navy contract for 57 aircraft carrier-borne fighters. It could offer the Super Hornet in the ongoing IAF procurement of 114 medium fighters; its upgraded F-15EX fighter also on the list.
Modi told the leaders that Tomar was just a phone call away for protesting farmers and the agriculture minister had conveyed the same to farmer leaders earlier this month.
Shah said that the people of the country will decide about the principal opposition party to BJP in the 2024 polls and they have not given this label to any party.
The government will seek Parliament's approval for Rs 37,000-crore additional spending on infrastructure development in the second batch of supplementary demands for grant. Earlier this month, Finance Minister Nirmala Sitharaman had announced additional budget of Rs 25,000 crore as capital expenditure (capex) on roads, defence, water supply, urban development and domestically produced capital equipment. Besides, the central government approved issuance of a special interest-free 50-year loan to states of Rs 12,000 crore for infrastructure development.
Jhunjhunwala passed away early on Sunday morning due to a cardiac arrest, a source in his newly set up airline said.
'Let us hope that this Budget delivers.' 'It needs 10 per cent plus real GDP growth in 2021-22, the rebound year,' notes Omkar Goswami.
The ban on import of 101 items is a big step towards an Atma Nirbhar Bharat (self-reliant India). This list of negative items contains not only small items but weapon systems of high and critical technology. More such items will be added to this list shortly which will save crores of rupees in imports, the defence minister said.
The Centre on Monday earmarked a separate Rs 2,217 crore for 42 urban centres to tackle air pollution and announced the much-awaited voluntary vehicle scrapping policy to phase out old and polluting vehicles, even as it shrunk the budgetary allocation for the environment ministry from the last fiscal by nearly eight percent. Union Finance Minister Nirmala Sitharaman, in her budget speech for 2021-22, announced a total of Rs 2869.93 crore for the ministry, Rs 230 crore less than the last fiscal. Officials said the outlay has been lesser this time as the economy is recovering from the COVID-19 pandemic.
The additional outgo to combat the impact of COVID-19 will significantly erode the fiscal consolidation achieved by the state governments in the past three years, an RBI report said on Tuesday. In its study of the state budgets of 2020-21, the RBI report which has dwelled on the theme 'COVID-19 and its Spatial Dimensions in India', said that Gross Fiscal Deficit (GFD) of the states would spiral during the current fiscal.
The Opposition on its part wants to corner the government by raising issues like alleged shortcomings in the healthcare system during the second wave of the coronavirus pandemic and the distribution of Covid vaccines to states.
The best available recourse to keep the defence sector healthy, is to source most of our requirement within the country so that procurement outlays under both the Revenue and Capital heads flow within the country, recommends says Brigadier S K Chatterji (retd).
Sri Lankan national Priyantha Kumara Diyawadana, who was lynched by a mob in Pakistan's Punjab province over allegations of blasphemy last week, was buried according to Buddhist and Catholic rites at Ganemulla, a suburb north of Colombo, on Wednesday.
This will be the second all-party meeting called by the government to discuss the COVID-19 situation since the outbreak of the pandemic.
The collection from borrowings and other liabilities will be 20 paise, while income tax will yield 17 paise to every rupee collection.
'The missile mounted near Kailash-Mansarovar is called DF-21. It is a medium-range, 2,200 kilometres ballistic missile. Its advantage is that it can cover all cities of north India, including New Delhi'
At Rediff Labs, we analysed the data on military expenditure by Stockholm International Peace Research Institute.
In the light of India's increasingly 'darkening' threat environment and the convergence of strategic interests between China and Pakistan, the IAF's declining combat capabilities are a cause for concern, says Brigadier Gurmeet Kanwal (retd).
'The travesty of recent Indian strategic thought is it emerges not from our brains, but from whatever part of the anatomy that secretes the prickliest hormones,' says Shekhar Gupta.
'Let's get a woman to be the antagonist, who really throws me around and hammers the s**t out of me. That would be fun.'
Ban on purchase of vehicles, except for defence, continues.
He said the aim has been to create firewalls to deal with the cyber attacks and that the issue is being addressed in a "serious way".
Finance Minister Nirmala Sitharman on Monday announced a Rs 12,000 crore interest-free 50-year loan to states for spending on capital projects in a bid to boost economy. The loan is over and above borrowing ceilings of the states and the repayment will be one bullet payment after 50 years, she said.
Get ready to walk into an airport minutes before a flight, check in your own luggage, walk on to the tarmac to board a plane.
US Defence Secretary Llyod Austin described China as a pacing challenge for the United States.
The finance ministry on Wednesday reimposed expenditure curbs on ministries and government departments for July-September quarter. There will be no spending restrictions on the ministries of health, rural development, agriculture, MSME (micro, small and medium enterprises) and railways as part of a two-pronged strategy. "The existing guidelines for expenditure control have been reviewed. "Keeping in view the evolving situation arising out of Covid-19 and anticipated cash position of the government, it is felt essential to regulate Quarterly Expenditure Plan (QEP)/Monthly Expenditure Plan (MEP) of specific ministries/departments for July-September, 2021," the Department of Economic Affairs in the finance ministry said in a notification.
Prime Minister Narendra Modi on Saturday exhorted farmers to adopt natural farming saying it will help not only save water but also produce better crops, and invited them to join a mega programme on it on December 16 as it would prove beneficial for them.
'Power sits lightly on Arun Jaitley's shoulders. Just because earth-shaking election results have brought his party in power, he has not gone recklessly ambitious. "Too soon, too fast" is not what he likes,' says Sheela Bhatt/Rediff.com about Budget 2014.
Sunak joins fellow Indian-origin candidate Suella Braverman, the UK Attorney General who is among the early Tory MPs to announce her plan to contest.
It's time Rahul Gandhi became attuned to the reality of the 21st century instead of recycling failed political jargon of the 20th century,' argues Virendra Kapoor.
There is no direct impact of the Russia-Ukraine crisis on India in terms of bilateral trade but a surge in oil prices poses considerable risk to the economy, an analyst report said on Friday. International oil prices which have surged past $100 per barrel "pose risks to external stability and currency movement," a Bank of Baroda Economics Research report said. Russia has launched military operations against Ukraine, stoking fears of significant disruption in the region, including loss of life. The West is ramping up financial sanctions against Russia and support for Ukraine.
The crisis in Indian banking has now reached a point where the NPAs of many public-sector banks are higher than their net worth
He said in almost all areas of security-related activities, the space -- earth observation, communication and electronic intelligence, among other things -- plays a very major role.
Finance Minister Nirmala Sitharaman on Tuesday said the interest of all employees of state-owned banks which are likely to be privatised will be protected, even as bank unions observed a two-day strike against the government's privatisation decision. Replying to a query during a press conference, she clarified that public sector presence will continue in the banking space. "...we have announced public enterprise policy based on which we have identified those four areas in which we said government presence, public sector presence will be there, and bare minimum presence is what we have said, in that financial institutions are also there. "Meaning, even in financial sector we will still have the presence of public sector enterprise...not all of them are going to be privatised," she said.
Jaitley's tenure as defence minister saw clearance of a number of big ticket reform measures and simplification of military acquisition process.
The company will raise $1.8 billion for the under construction and contracted portfolio of 12 GW, which includes the country's first manufacturing-linked solar power plant of 8 GW.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
Corporation tax is the single largest source of income, contributing 21 paise to each rupee earned.
Since jobs will remain scarce for the foreseeable future, an unemployment allowance should be the next big social-security initiative, suggests T N Ninan.
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