The proposed exemption in customs duty on import of lithium, cobalt and other rare minerals in the Union Budget 2024-25 is likely to lower the battery production cost and help in making electric vehicles more affordable for the buyers, auto industry leaders said on Tuesday.
The defence minister clearly asserted that there will be no budgetary constraints to enhance the capability of the Army and meeting its other requirements.
Sources said the equipment is being brought to India through both sea and air routes.
'With the new DPP, there will be greater transparency and faster clearances.'
Seen as a major initiative, the 'strategic partnership model' aims to create a vibrant defence manufacturing ecosystem in the country through involvement of both the major Indian corporates as well as the MSME sector.
The reservation would include a 10 per cent horizontal quota for Agniveers in the posts of constable, mining guard, forest guard, jail warden, and special police officers.
An expert committee has recommended to Defence Minister Manohar Parrikar that supply of equipment need not be blocked even if bribery charges emerge.
Total indigenous production between 2011 and 2015 would need to expand from about $30 billion to more than $70 billion.
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.
The $10.5 billion arms and equipment deal helped to arrest the recent drift in the 'special and privileged' strategic partnership, observes Brigadier Gurmeet Kanwal (retd).
'Defence does not new 'planning commissions'; it needs an implementation commission.'
In the last four months, the Centre has been reviewing all the "Buy-Global" cases that are in the contracting phase right now, Jaju said.
On Tuesday, Pompeo and Esper will hold the 2+2 talks with External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh, covering the entire expanse of defence and security ties as well as key regional and global issues.
Throwing its weight behind actor-cum-MLA M Mukesh, the ruling Communist Party of India-Marxist in Kerala on Saturday said that he need not resign from his post as legislator merely because a rape case has been registered against him.
Most of the scanty 6.35% rise in the defence budget is accounted for by manpower and running expenses.
The Akash missile systems have over 96 percent indigenous components and the weapon can hit targets at a range of 25 km.
Naval Group's announcement comes a day before Prime Minister Narendra Modi's visit to Paris where he is scheduled meet recently re-elected French President Emmanuel Macron.
Rostec, a Russian state corporation set up to promote development, production and export of hi-tech industrial products for civil and defence sectors, has strongly backed Prime Minister Narendra Modi's 'Make in India' pitch.
I am happy I didn't knock anyone down, driving recklessly or trying to show off. However, in one instance of road rage (the consequence of arguing with a driver who disrespected my right to cross the road peacefully) I did find a man in a SUV taking his anger out on me by driving his vehicle over my feet, recalls Shyam G Menon.
In his address, the air chief marshal underlined that with a massive surge of new technologies and opening up of space to private players, there is a "disruption in the established scheme of things".
His absence will be felt because of his decision taking ability and rapport with armed forces.
The ministry of defence has set a goal of $26 billion, including export of $7 billion for the industry by 2025-26 through its Defence Production Policy 2018.
'Investors looking at the next 6-12 months can be certain that the Fed will maintain its easing cycle, and we expect the overall environment to be conducive for fixed income investments for portfolio diversification.'
A bench of Justices Bela M Trivedi and Satish Chandra Sharma issued notices to the Kerala government and the victim in the case and sought their replies within two weeks.
The Indian Army is enhancing the combat prowess of its artillery units along the frontier with China by procuring an array of weapons systems, including an additional batch of 100 K9 Vajra howitzers, swarm drones, loitering munitions and surveillance systems.
When the internal security situation spirals out of the control of the provincial law and order machinery, the CAPFs can be called in, providing a security buffer before the Army is deployed.
Research Fellow and Director at Initiative on the Future of India and South Asia Aparna Pande, said that Beijing and Moscow will be keenly watching Prime Minister Narendra Modi's visit to the United States.
The Modi government's flagship initiative 'Make in India' launched 10 years ago has helped the country boost exports, push investments and promote manufacturing. Under the initiative, launched on September 25, 2014, a series of measures have been taken by the government to boost local manufacturing. These initiatives include the rollout of production linked incentive (PLI) schemes for 14 sectors, easing foreign direct investment (FDI) norms, reducing compliance burden to improve business climate, all approvals through single window, and rolling out of the national logistics policy.
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.
In line with the government's vision of 'Aatmanirbhar Bharat', the ministry of defence on Thursday signed contracts with Indian shipyards for the acquisition of 11 next generation offshore patrol vessels and six next generation missile vessels at a cost of nearly Rs 19,600 crore, officials said.
"The meeting demonstrated the depth of India-France bilateral partnership, especially in the defence sector, that has significantly strengthened in recent times. Both leaders resolved to take the relationship to the next higher level," said a statement issued by the ministry after the 35-minute meeting.
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.
In all likelihood, the next conventional Chinese attack on India would be preceded by a massive cyber attack designed to cripple Indian networks and interfere with our disaster-relief programmes.
'Like every Budget, this time, too, there is chatter around tinkering with the long-term capital gains tax.' 'Investors may not want to jump into the markets until there is clarity on this front.'
Unperturbed by the US entry into the Indian market, the defence official said it would not make a dent in Israeli defence sales to New Delhi.
The Nagpur district court on Monday handed life imprisonment to former BrahMos Aerospace Pvt Ltd engineer Nishant Agarwal under the Official Secrets Act for spying for Pakistan's intelligence agency Inter-Services Intelligence (ISI).
New Delhi has reached out to Moscow while waiting for a new president in Washington. New Delhi knows well that in international relations, there are no permanent friends or foes, only permanent national interests, points out Dr Rup Narayan Das.
The approved proposals included "procurement of night sight (image intensifier), light vehicles GS 4X4, air defence fire control radar (light) and GSAT-7B satellite," it mentioned.
The Aero India 2007 international aerospace and defence exposition began today with India pitching itself as a global outsourcing destination offering competitive prices and a huge pool of skilled manpower.
'We are confident that over the next few years the government will strike a fine balance between populist measures and growth, and manage coalition partners well.'
