Kautilya

Defence Ministry Eases Rules for Exporting Components to Select Nations

A statement from the defence ministry said Singh approved the issuance of two open general export licences (OGELs) for the “export of certain parts and components and intra-company transfer of technology to select countries.” The OGEL is a one-time export licence to be granted to a company for a specific period – ie two years initially.

Russian Delegation Visits Naval Base in Kochi

The Russian delegation, which commenced its visit on Wednesday, is headed by Captain 2nd Rank Egor Kitlyar, chief of the hydrometeorological section of the Department of Navigation and Oceanography in the Russian federation. The team visited various Indian Navy Meteorological and Oceanographic (IN METOC) operational/ training facilities here to discuss avenues for mutual cooperation in the field of METOC and consolidate the existing strong foreign cooperation between the two countries and navies, he said in a press release.

IMF Sees Indian Economic Growth Rebounding to 7% Next Fiscal

“We see the Indian economy rebounding from our projected 6.1 per cent growth this fiscal year to something like 7 per cent in the next fiscal year (2020). We see the factors that will support growth, including monetary policy stimulus, working their way through the pipeline,” Jonathan Ostry, deputy director, Asia Pacific Department at the IMF, told reporters.