New Delhi: India‘s air force has signed a $12-million (Rs 90 crore) contract with the public sector RailTel Corporation of India Limited for two-year maintenance of its Air Force Network or AFNET, the company said in a regulatory filing to the bourse on June 25. The deal worth […]
(Editor’s Note: Corrections in paragraph 3 and 4, to read the economic package as Rs 2,000,000 crore or Rs 20 trillion or $266 billion, and production target Rs 30,000 crore as $4 billion respectively.) By Ayaskant Das The Ordnance Factory Board (OFB) has fallen short of its production […]
New Delhi: The COVID-19 pandemic and the lock down announced by the Narendra Modi government has bled the Civil Aviation industry in India. The government today told Parliament of India that the impact of the COVID-19 lock down was so severe on the aviation industry that the domestic […]
New Delhi: Exemptions under Customs Duty and Goods and Service Tax on defence equipment bought by Indian armed forces could save up to Rs 60,000 crore ($8.5 billion) of the military budget over a five-year period, the Economic Times reported today. This saving could be used by the […]
Snap Shot* Minister assures further reduction in tax for defence sector* Invitation extended to French arms industry to help in aeroengines Paris: India’s Minister of Defence Rajnath Singh today said India and France intend to explore ways to strengthen their defence industrial partnership. Addressing the Chief Executive Officers […]
