The Defence Acquisition Council (DAC), under the chairmanship of Defence Minister Rajnath Singh on Tuesday accorded Acceptance of Necessity (AoN) for 10 capital acquisition proposals amounting to Rs 1,44,716 crore.
Amid an ongoing standoff with China, the Defence Ministry is set to take up mega projects of building seven most advanced frigates for the Indian Navy along with Indian Army's proposal to replace its T-72 tanks with modern tanks under the Future Ready Combat Vehicles.
The Cabinet Committee on Security approved the proposal for procurement of 240 aero-engines (AL-31FP) for Su-30 MKI aircraft of the Indian Air Force (IAF) under Buy (Indian) category from Hindustan Aeronautics Limited (HAL) at an estimated cost of Rs 26,000 crore.
Uttarakhand Chief Secretary Radha Raturi on Monday approved the proposal for constructing "8.2 km long canal-covering" from Panchakki Square to Kamaluwaganja in Kaladhungi town of Nainital in the meeting of the Expenditure Finance Committee held in the state secretariat
With the objective to develop a vibrant semiconductor ecosystem, the Union Cabinet chaired by Prime Minister Narendra Modi approved the proposal of Kaynes Semicon Pvt Ltd to setup a semiconductor unit in Sanand, Gujarat.
The Cabinet also approved a proposal to set the Annual License Fee (ALF) for FM channels at 4 per cent of Gross Revenue, excluding Goods and Services Tax (GST). This will apply to the 234 new cities and towns.
Many of the approved cities or towns are in aspirational districts and Left Wing Extremism-affected areas. Setting up private FM radio in these areas will further strengthen public outreach in these areas.
India will soon wear a grand necklace of industrial smart cities. In a decision on Wednesday, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi has approved 12 new project proposals under the National Industrial Corridor Development Programme.
Australian officials are pushing for a Pacific-wide policing pact during the Pacific Islands Forum Leaders Meeting, aiming to curb China's influence in the region. Critics argue that the pact prioritizes U.S. strategic interests over the needs of Pacific Island Countries (PICs) and infringes
The Union Cabinet, under the chairmanship of Prime Minister Narendra Modi, approved the proposal for the BioE3 policy, Biotechnology for Economy, Environment and Employment policy for fostering high-performance biomanufacturing on Saturday.