Kautilya

Cabinet Approves Capital Infusion for the Three Public Sector General Insurance Companies

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has approved the capital infusion for an overall value of Rs.12,450 crore; (including Rs. 2,500 crore infused in FY 2019-20) in the three Public Sector General Insurance Companies (PSGICs) namely Oriental Insurance Company Limited (OlCL), National Insurance Company Limited (NICL) and United India Insurance Company Limited (UIICL)

Cabinet Approves Central Sector Scheme of Financing Facility Under ‘Agriculture Infrastructure Fund’

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi today has given its approval to a new pan India Central Sector Scheme-Agriculture Infrastructure Fund. The scheme shall provide a medium – long term debt financing facility for investment in viable projects for post-harvest management Infrastructure and community farming assets through interest subvention and financial support.

India Ranks 34th in JLL’s Global Realty Transparency Index

India’s Global Real Estate Transparency Index ranking has improved by one notch to 34 on the back of regulatory reforms, better market data and green initiatives, as per property consultant JLL. During 2018 bi-annual survey, India ranked 35th in the index, while the country was at 36th position in 2016 and 39th in 2014.

Tactical Air Support Selects Ramco Aviation Suite

Global aviation software specialist Ramco Systems announced that it will implement its Aviation M&E MRO Suite V5.8 at Tactical Air Support, a leading American defense contractor and aviation training and Adversary Air Support provider based in Reno, Nevada. With this landmark partnership for digital transformation, Ramco now counts 3 of the top 4 defense adversary air operators in the United States as its customers.

Indian Army DRDO WhAP 8×8 Armored Vehicle Tested in High Altitude

The Indian company Tata Motors unveiled its Wheeled Armoured Platform (WhAP) at Defexpo 2014 in Delhi. The vehicle platform is developed jointly with the DRDO’s Vehicle Research & Development Establishment (VRDE) in Pune. The WHaP is still in the trial phase including high-altitude and floating tests. Considering the high tension between India and China over border issues, these high-altitude tests get a particular interest.