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Army has been trying to acquire CQB carbines since 2008 to replace outdated & ageing 9mm British Sterling 1A1 submachine guns.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.
Meghnad’s interest went much beyond economics and politics. This is reflected in his writing, particularly after his retirement as a full-time LSE professor in 2003.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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