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NEW DELHI: Government has increased the wheat procurement target to 34.5 million tonnes (MT), about 15% higher than what it had set for the current Rabi marketing season. This comes amid indications that more farmers are likely to opt to sell their produce to the government at MSP since mandi prices are lower.Recently, the governments…
NEW DELHI: In a major push for defence acquisition, the Rajnath Singh-led Defence Acquisition Council on Friday granted approvals to various proposals worth around Rs 2.38 lakh crore, including for additional units of the Russian-made S-400 long-range surface-to-air missile system and 155mm Dhanush — howitzer — gun systems.“The decisions taken in the Defence Acquisition Council…
NEW DELHI: Paving the way for the ‘mother of all defence deals’, defence minister Rajnath Singh-led Defence Acquisition Council (DAC) on Thursday approved the acquisition of 114 Rafale fighter jets from France, just five days ahead of the arrival of French President Emmanuel Macron in India.Though the defence ministry did not provide the exact cost…
NEW DELHI: The Union defence misiter Rajnath SIngh led Defence Acquisition Council (DAC) on Thursday cleared the procurement of 114 Rafale fighter jets, combat missiles and Air-Ship Based High Altitude Pseudo Satellite (AS-HAPS), and other procurements at an estimated cost of Rs 3.25 lakh crore.The council, granted Acceptance of Necessity (AoN) for the project, which…
Ahead of the Union Budget, India’s fast-growing private space industry has called on the government to step up public procurement of space products and services and formally recognise space assets as critical infrastructure to unlock financing and accelerate scale-up.Industry leaders said assured government demand, along with easier access to long-term capital, is essential for domestic…
NEW DELHI: In a big boost for the Indian Air Force, the Defence Procurement Board, headed by defence secretary Rajesh Kumar Singh, has reportedly cleared a proposal to acquire 114 Rafale fighter jets from French manufacturer Dassault Aviation.The “clearance” by the Defence Procurement Board, as per some agency reports, marks the first formal step towards…
Railways is implementing focused cost-cutting initiatives across maintenance, procurement and energy sectors to fortify its financial position before dealing with increased wage expenses anticipated from the Eighth Pay Commission recommendations.Established in January 2024, the Eighth Pay Commission must submit its recommendations within an 18-month timeframe.The previous Seventh Pay Commission led to wage increases of 14-26%…
