Kautilya

Faceless e-Assessment for Income Tax Payers Launched

Shri Pandey said that with the launch of National e-Assessment Centre (NeAC), the Income Tax Department will usher in a paradigm shift in its working by introducing faceless e-assessment to impart greater efficiency, transparency and accountability in the assessment process. He said that with NeAC, there would be no physical interface between the taxpayers and the tax officers.

Army Plans to Buy 350 Helicopters Over 10 Years to Modernise its Aviation Corps

The Army is working on a 10-year modernisation plan for its Aviation Corps and aims to induct at least 350 helicopters, including the indigenous Light Combat Helicopter and the battle-proven Apache. The long-pending plan includes increasing the surveillance features of the choppers already in the Aviation Corps’ inventory, with the induction of the Remotely Piloted Aircraft System (RPAS).

India Helps Mongolia for its First Petrochemical Refinery

The Mongol refinery project is the largest project undertaken by the government of India under its Lines of Credit (LoC) programme and is expected to cut some of Mongolia’s fuel import dependence. The petrochemical refinery to be built at an approximate cost of $1.25 billion utilising the $1.236 billion line of credit from India comes in the backdrop of China’ Belt and Road Initiative (BRI).

Amethi Factory to Get Orders for 6.7 Lakh Kalashnikovs Soon

While the factory in Amethi was formally inaugurated in March, orders are yet to be placed as they had to go through the acquisition process of negotiating technical and commercial terms. The Indo-Russian Rifles Private Limited joint venture for production of AK 203 assault rifles is likely to get the go-ahead at an acquisition meeting later this month and will move to the next stage of signing of the contract to start manufacturing.