The three-day DPG meet will discuss future activities and look at threat perception on a conceptual level.
Sources close to the development said the Tata group had registered revenues of around Rs 1,100 crore from the defence sector in 2006.
Amongst the most aggressive of India's hopeful new Lockheed Martins is the Rs 1,30,000-crore Tata Group, which has launched a carefully crafted bid to become a major player in India's defence industry.
Dalal Street minnows stole the show in 2024, giving handsome returns to investors, helped by a largely optimistic trend in the stock market and impressive retail investors' participation. Analysts attributed the positive trend in the equity markets, where the benchmark indices shattered many records this year, to robust domestic liquidity, strong fundamentals of the Indian economy, and policy continuity.
In what is seen as a significant move, the DAP featured measures to reduce delay in procurement of essential items by the three services as it proposed a new enabling provision to acquire them through capital budget under a simplified procedure in a time-bound manner.
'Not paying workers enough will end up being self-destructive or harmful for the corporate sector itself.'
The ministry of defence in September 2021 signed a Rs 21,935-crore contract with Airbus Defense and Space SA, Spain for supply of 56 aircraft.
IMAGES from the ICC Champions Trophy match played between Bangladesh and New Zealand in Rawalpindi on Monday.
If the fiscal deficit target of 4.9% of GDP has to be met for 2024-2025, which the government must in view of the uncertainties and challenges emerging both domestically and globally, the finance ministry may see in the composition of the current year's capex a sliver of hope, notes A K Bhattacharya.
The government on Tuesday appointed Pradeep Kumar, currently the secretary in the department of Defence Production, as the Defence Secretary.
After being launched, the glide bomb steer towards the target using a highly accurate hybrid navigation scheme, the ministry said.
In less than two months since the announcement in March, the state has mobilised an armada of small and medium enterprises keen on making components for large equipment manufacturers.
The visit of the team assumes significance with Defence Minister AK Antony admitting that New Delhi was facing 'problems' in acquisition of the carrier Gorshkov.
India's Parliament is set to begin its Budget session on Friday, with opposition parties poised to demand a discussion on the alleged mismanagement of the Maha Kumbh festival in Prayagraj, where 30 pilgrims died in a stampede. The opposition also accused the government of politicising parliamentary committees and pushing its agenda through its majority. The session will start with President Droupadi Murmu addressing both houses of Parliament. Finance Minister Nirmala Sitharaman will present the Union Budget on Saturday for the eighth consecutive time.
To boost domestic manufacturing under the Make in India initiative and reduce dependency on imports, the government is expected to announce in the Budget an increase in the minimum local content requirement for public procurement, with certain sectors being granted exceptions. Currently, firms producing goods, services, or works with at least 50 per cent local content are classified as Class-I local suppliers and are preferred the most in government procurement.
Richard Verma, the highest-ranking Indian-American official in the State Department, has expressed optimism about the future of US-India ties and emphasized the need to base the relationship on shared values rather than mere transactional dealings. Verma, who previously served as America's Ambassador to India, stressed the importance of the Quad in defending the international order, highlighting its shared commitment to a free and open Indo-Pacific.
'Trump administration wanted a positive tone at this summit, but there was still some anxiety that there could be some awkward moments -- and there were not.'
Leader of Opposition Mallikarjun Kharge and some other members sought that the bill be referred to a standing committee for scrutiny.
The Quad summit to be hosted by India in 2024 is likely to enhance New Delhi's strategic intent.
The US is making investments in defence ties with India to uphold a favourable balance of power in the Indo-Pacific, a top Pentagon official told lawmakers Thursday indicating that strengthening ties with New Delhi is one of the key factors to address the pacing challenge from China.
President Trump made these remarks on Monday while talking to reporters aboard Air Force One on his way back to Joint Base Andrews from Florida.
China on Monday said cooperation between countries should not undermine regional peace and stability and target any third party, as it reacted to a host of defence and commercial pacts recently signed between India and the US including joint production of jet engines in India to power military aircraft and a deal on armed drones.
The Congress on Monday alleged that a Chinese national played a 'dubious role' in the Adani Group's activities and asked the government if it was not concerned that the conglomerate may be involving that person in important defence contracts.
India also went on an overdrive in expanding its military engagement with like-minded countries in its neighbourhood and beyond in the face of China's relentless attempts to become a regional hegemon and establish its primacy in South Asia.
Defence Minister A K Antony called upon the private and public sector on Tuesday to join hands to help India achieve self-reliance in defence production, asking them to set up a large, modern manufacturing base in the country.
'You don't need massive industry or huge energy resources.' 'You could start with just 3 or 4 people in a coffee shop and invent the world.'
'Market corrections are a natural part of investing, so it's essential to remain focused on long-term financial goals.'
Take purposeful breaks, practise self care, advises Sweta Bothra, lead psychologist at Amaha Health.
The Indian government has initiated the process of procuring All-Terrain Vehicles (ATVs) for deployment along the northern borders for the Indian Army. The Ministry of Defence has issued a Request for Information (RFI) seeking vendors who can supply the vehicles. The RFI outlines operational and technical specifications for the ATVs, including a minimum seating capacity of four personnel, disc brakes, automatic transmission, and heliportability by Chinook/Mi26 helicopters.
The defence minister also said India is moving quickly from being the world's largest importer of defence equipment to an exporter.
Trump spoke approvingly of his recent telephone conversation with Xi Jinping. This could indicate the possibility of America and China reaching some level of tactical accommodation, which would not be good news for India, points out Ambassador Shyam Saran, a former foreign secretary.
Sri Lankan President Anura Kumara Disanayaka assured Prime Minister Narendra Modi that his country's soil will not be used against India's interests, addressing concerns over China's growing influence in Colombo. The two leaders discussed a range of issues, including a defense cooperation agreement, energy ties, and debt restructuring. They also agreed to initiate a ferry service between Rameshwaram and Talaimannar, and to adopt a "humanitarian approach" to the fishermen issue.
The defence minister has 20 months to learn the military's ethos, culture and to publicly bat for an organisation that feels increasingly marginalised and underappreciated.
She says her priority areas would be military preparedness, defence indigenisation, and the welfare of soldiers.
'Tata A&D, when formed, will be better equipped to execute larger and more complex projects and be more globally competitive as part of the global supply chain.'
The defence ministry has lost sight of what it intended to achieve -- which was to nurture private defence firms that would compete on equal terms with the 9 defence PSUs and the 41 Ordnance Factory Board factories.
If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.
'You must have heard that Pakistan is going bankrupt or that a default or meltdown is taking place. It (default) has already taken place. We are living in a bankrupt country,' Defence minister Khawaja Asif said.
Asserting that Pakistan developing sophisticated missile technology will give it the capability to strike targets well beyond South Asia, including in the United States, a top White House official said on Thursday that the Asian country's actions are an emerging threat to the United States.
A piece of slightly negative news can cause a serious setback, warns Debashis Basu.
