Outlining her 2019-2020 budget, Indian financial minister Nirmala Sitharaman ended customs duties against defense imports. That means U.S. and other defense exporters are now more competitive in offering goods to India’s military. Sitharaman made clear her decision isn’t flippant: “Defense has an immediate requirement of modernization … This is a national priority.”
The state of the art virtual museum, offering a 3D view of the world famous Kashi ghats, lanes, classical music and heritage, is the first of its kind in Eastern UP.
A new education policy is in the works to bring about major changes in school and higher education, better governance and greater focus on research and innovation.
Bharat Forge, part of the Kalyani Group – A $3 billion conglomerate with 10,000 global work force — is manufacturing the ATAGS, the first indigenously built 155 mm/52-calibre towed gun and one of the few in the world that has the six-round automated magazine that fires in 30 seconds.
The event will witness participation of mechanised infantry scouts teams of eight countries including China, Belarus, Zimbabwe, Armenia, Kazakhstan, Uzbekistan, Russia and host India. Russia is the founding member of this format of international army games.
For the first time, China will take part in the event.
Defence minister Rajnath Singh, army chief and several VIPs are expected to attend the meet.
Major General Sanjeev Sengar will serve in this role for the next four years, and his team managing the factory will also have other serving officers of the Indian Army in it. It may be possible for this new way of managing defence manufacturing units to be expanded further in the future if the maiden experiment proves to be a success
“This shall serve as a platform for promoting startups, discussing issues affecting their growth, match-making with venture capitalists and for funding and tax planning. This channel shall be designed and executed by startups themselves,” she said.
The two countries have widespread convergence in these areas and this provides the foundation for further boosting cooperation, including working together on these issues bilaterally and at multilateral forums, the people said.
The recommendations for restructuring were made by the army for turning itself into an agile, lethal and capability-based force to tackle the challenges of future warfare. Restructuring is part of transformation plans of Army chief Gen Bipin Rawat for the reorganisation of the amy headquarters which would result in saving of 20 per cent officers posted in Delhi who would now be posted to field fighting formations along the borders.
The economic survey outlined India’s vision of becoming a $5 trillion economy by 2024-25. To meet this objective, India will need to sustain a real GDP growth rate of 8%, which can be achieved by creating a “virtuous cycle” driven by savings, investment and exports, supported by favourable demographics, the survey said. It emphasises on private investment as the key driver.
