Under deal approved by Defence Advisory Council, first 20,000 AK-203 rifles will be imported from Russia, and then, more than 6 lakh rifles will be manufactured in India.
Strike proposed by employees’ federations of ordnance factories from 26 July, against Modi govt decision to corporatise them, perhaps triggered introduction of the Bill.
OFB is a strategic asset that would flourish post ‘modification and modernisation’. Modi govt’s May 2020 announcement is a step in the right direction.
In a statement, OFB said only 19 per cent of the accidents involving defence ammunition between January 2015 and December 2019 could be attributed to the board.
Pointing out these shortcomings in an internal assessment, the Army has thrown its weight behind government plans to corporatise the OFB to make it more efficient.
Recent data does not support any dramatic shift away from the dollar. As per IMF, the share of international transactions conducted in dollars has declined from 56.90% to 56.77%.
Increase in employment subsidy, Rs 500 crore for estate revamp, new townships in pipeline—but land cost, power breakdowns and inspector raj top among key worries for industry leaders.
CDS Anil Chauhan says future space capability will not be built by government agencies alone. ‘It will be co-developed with industry, start-ups, and technology innovators’.
American objectives are unmet. They neither have muscle nor motivation to resume the war. As for Iran, the regime didn’t just survive, it’s now led by more radical individuals.
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