Reduction in imports and increase in exports will be achieved in the defence sector: Defence Minister Rajnath Singh

Reduction in imports and increase in exports will be achieved in the defence sector: Defence Minister Rajnath Singh

Bengaluru: The government has set a goal to reduce imports of defence equipment by $2 billion by 2022. For this indigenous manufacture of defence, equipment is being encouraged. 137 projects for defence equipment manufacture, with a cost outlay of $37 billion have been approved between 2016 and 2019. Defence Minister Rajnath Singh said that if […]

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HAL working on combat drone on the basis of pseudo-satellite and Skyborg, informs senior official from HAL

HAL working on combat drone on the basis of pseudo-satellite and Skyborg, informs senior official from HAL

New Delhi: Hindustan Aeronautics Limited (HAL) is working on the development of a Pseudo-satellite. The satellite, operating at a very high altitude in the earth’s atmosphere, is known as the atmospheric satellite or high-altitude aircraft. This satellite can be airborne at the height of 70,000 feet for two to three months and can send information. […]

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Provision of USD 130 billion for modernisation of defence forces – Defence Minister Rajnath Singh  

Provision of USD 130 billion for modernisation of defence forces – Defence Minister Rajnath Singh  

Bengaluru: Defence Minister Rajnath Singh announced, ‘India is very cautious regarding its population and activities against its integrity. USD 130 billion will be spent on modernisation of defence forces in the next seven to eight years. The maximum stress will be on indigenous manufacture of defence equipment.’ The Defence Minister made this announcement while inaugurating […]

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China defends the rebel Myanmar army, US Biden Administration takes passive stance 

China defends the rebel Myanmar army, US Biden Administration takes passive stance 

Washington/Tokyo: Myanmar military who illegally acquired power in the country, overthrowing the elected government, is facing worldwide criticism. But China has made preparations to protect the Myanmar military. China clarified in the UN Security Council that it will oppose any strict action against the Myanmar military. Whereas, the Biden administration said that it is watching […]

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Budget 2021-22

Budget 2021-22

New Delhi: The Union Finance Minister, Nirmala Sitharaman presented Budget 2021-22 attaching highest priority to development and making huge provisions for government spending, for this purpose. The courageous decisions taken to provide an impetus to the economy, which has slowed down due to the Coronavirus crisis, are considered the budget highlights. There are enormous provisions […]

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FDI limit raised to 74% in the insurance sector; this decision will strengthen the insurance sector, analysts claim

FDI limit raised to 74% in the insurance sector; this decision will strengthen the insurance sector, analysts claim

New Delhi: A major decision was announced in the Union budget, strengthening the insurance sector. The Foreign Direct Investment (FDI) limit for the insurance sector increased from 49% to 74%. Since the last few years, demand was being made that the FDI limit in the insurance sector should be raised. The decision is welcomed by […]

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