Stocks of defence firms surged in past few yrs, by over 1,000% in some cases, driven by narrative that they would gain from govt’s domestic procurement push. Now, those stocks are tanking.
Project is being processed through Make-I procedure, which involves govt funding of up to 70% of the project with the rest being put in by selected firm or firms.
EP or emergency procurement power was extended to Army, Navy and Air Force. In case of Army, EP has been instrumental in capital procurement through 140 schemes across 4 tranches.
PM Modi visits France next week for Bastille Day. Talks between NSA Ajit Doval & the diplomatic adviser to French President, Emmanuel Bonne, part of preparations for Modi’s visit.
The first ‘made-in-India’ C-295 will be rolled out in 2026 and the entire order is slated to be completed by 2031, at the rate of eight aircraft per year.
Under emergency powers, which were first given to the forces after 2016 Uri attack, the three services can on their own ink contracts worth Rs 300 crore each.
Defence ministry gives nod for capital acquisition under new category of Buy Indian-IDDM. HAL emerges big winner as Navy proposals constitute more than Rs 56,000 cr.
Rather than be perturbed by the controversy surrounding the Rafales, the Modi government should quickly move in and decide on more fighters for the Air Force.
One has to be incredibly credulous to buy BJP spin masters’ argument that the government got rid of Vice President Jagdeep Dhankhar for harmonious relationship with the judiciary.
Modi government had also made numerous efforts to establish peace with Pakistan but has now adopted a different path, militarily, to establish peace, adds defence minister.
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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