Defence ministry approves arms procurement proposals worth Rs 28,732 cr
New Delhi: The defence ministry on Tuesday approved the procurement of military equipment and weapons worth Rs 28,000 crore that included swarm drones, carbines and bulletproof jackets. The procurement proposals were cleared by the Defence Acquisition Council (DAC) headed by Defence Minister Rajnath Singh. “The Acceptance of Necessity (AoN) for capital acquisition proposals of the […]
Newsprint import dipped to 6.48 lakh kg in 2020-21 from 13.84 lakh kg in 2017-18: Thakur
New Delhi: Import of newsprint dipped by 50 per cent during COVID-19 years when compared to 2018-19, according to data shared by the government in the Lok Sabha on Tuesday. In a written reply to a question, Information & Broadcasting Minister Anurag Thakur said the newspaper industry had imported 13,84,056 kg of newsprint in 2017-18, […]
Rs 494 crore FDI received in defence sector since revising policy: Govt
New Delhi: India has received around Rs 494 crore of foreign direct investment in the defence sector since revising the policy relating to it in September 2020, the government said in Lok Sabha on Monday. In the last few years, the government has taken a series of measures to boost domestic defence manufacturing. In 2020, […]
ED registered maximum money laundering, FEMA cases during 2021-22 fiscal: Govt data
New Delhi: In the last 10 years, the Enforcement Directorate registered the highest number of money laundering and foreign exchange violation cases in the 2021-22 financial year — at 1,180 and 5,313 complaints respectively, according to government data provided to Parliament on Monday. During the financial years between 2012-13 to 2021-22, the federal probe agency […]
Local levies, supply chain distortion trigger widely varying inflation levels across states
New Delhi: Even after five years of a common Goods and Services Tax (GST), retail inflation in India varies widely across states as differences in local levies and supply chain efficacy distort consumer prices. The Consumer Price Index (CPI)-based inflation rate for the month of June was as high as 10.5 per cent in Telangana […]
Space sector startups seek clarity on financing, insurance in space policy
New Delhi: India’s space sector startups are looking forward to the new space policy for easier access to finance and clarity on issues related to liability in case of untoward incidents. At least 100 startups are active in the country’s space sector building satellites, launch vehicles and even designing in-orbit refuellers for satellites that would […]
GST on essential items after states sought levy, aimed to check evasion: Official
New Delhi: GST on pre-packaged goods/ food packets was levied after some states gave feedback of losing revenues they previously earned from levy of VAT on food items, a top government official said. The decision to levy the tax, which came into effect from July 18, is not that of the Union government but of […]
J&K Bank MD meets MoS Finance Dr Bhagwat Karad
SRINAGAR: J&K Bank MD & CEO, Baldev Prakash today called on Union Minister of State for Finance, Dr Bhagwat Karad at his office in Delhi. During his Delhi visit, he also met Secretary, Department of Financial Services (MoF) Sanjay Malhotra. During the meeting, MoS Finance appreciated the Bank’s contribution and plans towards realising the Government’s […]
Punjab Police seizes 7 lakh pharma opioids in raid at godown in Uttar Pradesh
Chandigarh: With the arrest of a main supplier in a raid at an illegal godown in Saharanpur district of Uttar Pradesh, Punjab Police on Saturday claimed to have busted an inter-state pharmaceutical drug cartel and seized over seven lakh pharma opioids. The main supplier has been identified as Ashish Vishkarma, a resident of Khalasi Line […]
MGNREGA helped rural people fend against the pandemic: Official
New Delhi: MGNREGA played a significant role in helping rural people cope with the pandemic stress, generating for them more total workdays in comparison with the pre-pandemic time, a senior official has said. Addressing a session on ‘Women, Ordeal and Opportunity through the Pandemic’ late Friday evening, Secretary at the Ministry of Rural Development Nagendra […]
