A staggering $18 trillion worth unaccounted money is stashed in tax havens.
In 2010, the richest 80 people in the world had a net wealth of $ 1.3 trillion.
The sleek 3.8 metre high missile has a striking range of 25 to 40 km.
Boeing expects the IAF to soon place an inquiry for twin-engine fighter jets to bridge a 200-aircraft gap in its armoury. And the Super Hornet is ready to fly in.
IAF pilots would no longer have to fly deep into heavily defended airspace to strike enemy bases, they can launch a Brahmos from as far away as 295 km.
CBI sources said a case has been registered against UK-based NRI Vipin Khanna, whose named had also figured in another defence deal probed by the agency. They said the kickbacks were allegedly paid in 2009 through subsidiaries of Embraer via a Singapore based company which is owned by the middleman.
The event witnessed by External Affairs Minister Sushma Swaraj in the Bahraini capital.
With 40 per cent of defence procurement still coming from abroad, the government on Friday said it is working to boost indigenous manufacturing capacity to reduce dependence on foreign supplies.
"The equivalent of BrahMos is yet to built. And, in the next 20 years, it cannot be intercepted by an enemy," says A Sivathanu Pillai, scientist, and CEO and MD of BrahMos Aerospace sharing the vision for the future trajectory of growth for the iconic missile technology developed jointly by India and Russia.
As many as nine crore people would be out from the state of abject poverty in next 5 years if India could stop inequality from rising and levy a nominal tax on the super riches to narrow the rich and poor divide, a report said.
The ministry of defence has bought two regiments of the indigenous Pinaka multi-barrelled rocket launcher for Rs 3,230 crore.
Boeing's plan involves setting up an Indian factory and the aerospace ecosystem to build the Block II Super Hornet.
An Indo-French proposed joint venture expected to be worth around Rs 30,000 crore to develop short range air defence missiles seems to have run into rough weather as Indian Air Force feels that its requirements could be met by indigenous Akash surface-to-air missile weapon system.
In a mega-contract worth over $1.6 billion, state-owned Israel Aerospace Industries will provide advanced medium-range surface-to-air missile systems to the Indian Army.
The successful test firing of medium range surface-to-air missiles is welcome news for the IAF.
'Jignesh Mevani has many strengths: Youth, articulation, fearlessness, proficiency with social media, political and ideological flexibility.' 'Also focus, as in targeting the BJP as the one and only enemy for now and using that justification to align with the rest,' says Shekhar Gupta.
The prompt approval to set up a radar station on the Andaman and Nicobar Islands signalled the Modi government's intent to deal with China on its own terms.
Ordering more Akash systems is essential for the Indian defence industry.
Late former President APJ Abdul Kalam's inspiring and motivational message and minimalistic lifestyle forms the basis for a new art based web comic.
In a major milestone in the country's military aviation, indigenous supersonic fighter aircraft LCA-Tejas on Friday received the Initial Operational Clearance, that takes it a step closer to its induction into the Indian Air Force squadron.
The arrest of alleged Lashkar-e-Tayiba sympathiser Dr Imran Ahmed alias Immu Bhai on Friday has breathed new life into the investigation into the plot to assassinate Hindu leaders in Bangalore.
'As a nation we came up short, but that did not deter Kalam. He made it his life mission to exhort the young to greatness.'
'Even though an India-China military conflict scenario seems unlikely, its possibility gets enhanced if our capabilities are seen to be inadequate by the adversary,' warns Vice Admiral Premvir Das (retd).
DGCA panel has proposed tests be conducted even before a candidate is inducted into a flying training institute
Were the May 1988 nuclear tests a success? 20 years after Pokharan, a look back at those decisive atomic tests through the eyes of someone who knew.
Ahead of Prime Minister Narendra Modi's visit to Russia, defence ministry's top acquisition council on Thursday cleared the purchase of an estimated Rs 40,000 crore Russian S-400 Triumf air defence missile systems, besides giving the go-ahead to other projects worth over Rs 25,000 crore.
Modi's visit is aimed at commemorating 25 years of establishment of diplomatic ties between the two countries.
Senior Colonel Liu Degang said the Arjun tank is "very good" and suits Indian conditions.
'India must close the missile technology gap with both China and Pakistan as early as possible, or else the credibility of India's nuclear deterrence will remain suspect,' says Brigadier Gurmeet Kanwal (retd).
'A month after assuming charge, Parrikar promised a policy within six months to "end or at least reduce" terrorist infiltration across the Line of Control.' 'However, infiltration continued apace, leading to high-profile terrorist attacks in Gurdaspur, Pathankot, and Uri.' 'During this phase, he made the controversial suggestion that India should fight terror with terror, hinting at supporting terror groups to strike in Pakistan,' observes Ajai Shukla.
About Rs 12,000 crore are stuck in India's first hotel district, Delhi's Aerocity, because of red tape.
It's a bold marketing move for the locally-produced light combat aircraft.
A political war of words erupted on Thursday over the sudden removal of Sujatha Singh
The report authored by Ashley Tellis, the top American expert on India and South Asia, states that the IAF's fighter force is weaker than numbers suggest.
Defence Minister Manohar Parrikar says global aircraft makers will have to get approval from their own governments to transfer technology and build jets in India.
With the Maharashtra government doling out pieces of the lush green Aarey forest to various utilities, the tribals living in it for generations are feeling increasingly insecure. Hepzi Anthony reports.
Missile's range to cover China, West Asia, South East Asia and large parts of Africa
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.
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