The defence ministry had earlier this year sanctioned Army’s project to procure over 4 lakh close quarter battle carbines through the 'atmanirbharta' (self-sufficiency) route.
Army has been trying to acquire CQB carbines since 2008 to replace outdated & ageing 9mm British Sterling 1A1 submachine guns. MoD gave nod to induct new weapons this week.
The CQB Carbines, with short barrel, are meant for operations in urban environment and room interventions, especially in counter-terrorism operations like in Jammu and Kashmir.
UAE govt is likely to push more at the higher level for the deal, which the Defence Ministry had in-principle decided to scrap as it wants to divert it to ‘Make in India’ initiative.
The projects for procuring carbines and self-propelled air defence system had been in the works for long, but were stuck due to price & technical requirements, among others.
Corporate bonds are priced as a spread over the risk-free rate. In India, the reference risk-free rate is unreliable as large institutions are mandated to buy and hold government bonds.
After lapses exposed by terror attacks at Pahalgam and Delhi's Red Fort, Centre has hiked Intelligence Bureau's expenditure for investments in long-term assets from Rs 257 cr to Rs 2,549 cr.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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