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  • After Balakot show, government to have more desi eyes in the sky

    After Balakot show, government to have more desi eyes in the sky

    The ‘eye in the sky’ project — an aircraft-mounted radar that can look deep into enemy territory and direct combat assets for a strike — is set to get a boost with the defence ministry likely to clear next week the acquisition of two Airbus A330 platforms that will be modified by the Defence Research and Development Organisation (DRDO).

    MDL is our natural partner for submarine project: Naval Group

    MDL is our natural partner for submarine project: Naval Group

    French firm Naval Group has termed the state-owned Mazagon Dock Shipbuilders Limited (MDL) its natural partner for the Rs 45,000-crore submarine project of the Indian Navy citing the joint production of Scorpeneclass submarines. MDL chairman, RK Shrawat, described France as a strategic partner of India.

    India to fund 250 defence startups over next 5 years

    India to fund 250 defence startups over next 5 years

    The defence ministry will be earmarking at least Rs 500 crore for its Innovations for Defence Excellence (iDEX) initiative. Expressing his support for the initiative, defence minister Rajnath Singh said at a function on Monday that India could emerge as a $10 trillion economy over the next 10-15 years if innovation talent is harnessed.

    Russia ready to start Amethi rifles unit

    Russia ready to start Amethi rifles unit

    Defence minister Rajnath Singh, who met his Russian counterpart General Sergey Shoigu in Moscow, pushed for joint manufacturing of spares, components and aggregates in India to reduce costs and supply timelines. An industry delegation led by Ficci met Russian equipment manufacturers to identify products for which joint ventures would be formed in near future.

    Need to monitor outcome of MoUs with foreign nations: Cabinet Secretary

    Need to monitor outcome of MoUs with foreign nations: Cabinet Secretary

    “It is necessary to put in place an effective and structured monitoring arrangement in all ministries and departments to ensure regular review of concrete outcomes emanating from the MoUs. While the MoUs that are of benefit to India call for proactive follow up, many MoUs may have lost their relevance and obsolete MoUs may be discontinued,” the top bureaucrat has said.

    Customs, GST relief to give Rs 60,000-cr boost to defence

    Customs, GST relief to give Rs 60,000-cr boost to defence

    Around Rs 25,000 cr will be saved over the next 5 years on account of the rollback of customs duty on the import of defence equipment that is not manufactured in India while GST exemptions will augment the defence budget by Rs 35,000 cr.

    China bases to bully neighbours: US Admiral

    China bases to bully neighbours: US Admiral

    Admiral John C Aquilino, commander, US Pacific Fleet said that there has been no reduction in Chinese military activity and that its increased build-up is seen as a threat to all nations in the region.

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Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service