The rifles will be manufactured in India as part of the joint venture Indo-Russia Rifles Private Limited (IRRPL), established between the Ordnance Factory Board (OFB), the Kalashnikov Concern and Rosoboronexport—the Russian state agency for military exports. Read More
Hyderabad is one of our very important centres for defence R&D and Ministry of Defence. The laboratories in Hyderabad have been contributing immensely and most of my budget today goes to Hyderabad only,” DRDO Chief G Satheesh Reddy said. Read More
How to file Nil GSTR-1 Returns through SMS: In a big relief to GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has allowed the filing of NIL GSTR-1 return just by sending a SMS. It would substantially improve ease of GST compliance, according to the tax experts. Read More
Govt bans 59 Chinese Apps: The government on Monday banned 59 mobile apps including TikTok, UC Browser and other Chinese apps which it considered 'prejudicial to sovereignty and integrity and defence of the country' and 'security of the state and public order'. Read More
FDI in Defence: Modi government Saturday allowed increase in the cap in Foreign Direct Investment (FDI) in defence sector from present 49% to 74%. Read More
US Department of Defense has awarded a $905 million contract to US defence giant Lockheed Martin Sikorsky to supply 24 MH-60 Romeo Seahawk helicopters to Indian Navy under a foreign military sale (FMS) route. Read More
Rs 20 lakh crore Atma Nirbhar Bharat Package: Prime Minister Narendra Modi Tuesday announced special economic package of Rs 20 lakh crore, nearly 10 per cent of the country’s GDP, to make the country a manufacturing giant and self-reliant. “The crisis that has emerged due to COVID-19 is unprecedented, but in this battle, we not... Read More
Special Shramik Trains: Indian Railways, which has shut passenger movement since March 25, said that it has operated a total of 542 Shramik Special trains till May 12, transporting nearly 6.5 lakh (6,50,000) passengers. Read More
Dassault Reliance Aerospace Ltd (DRAL) on Monday resumed operations at its Mihan special economic zone (SEZ) in Nagpur in Maharashtra. The JV between Dassault Aviation and Reliance ADA Group manufactures part for Falcon 2000 and Rafale fighter jet at DRAL facility. Read More