India Budget 2024, presented by Union Finance Minister Nirmala Sitharaman, outlines the BJP’s economic platform for 2024-25, including borrowing tactics, fiscal consolidation, and future taxation laws.
India is increasing domestic defence production, with the Department of Defence Production indigenizing 2,920 out of 4,666 goods through industry-friendly measures and loosening qualifying requirements.
The US State Department is optimistic about the potential of a drone agreement between the US and India to enhance strategic technological cooperation.
The Inspector General of Registration has requested all state deputies to investigate the sales of defence bungalows, take appropriate action, and provide a compliance report.
In June 2023, German Defence Minister Boris Pistorius strongly supported the Thyssenkrupp Marine Systems bid during a high-level discussion between the Indian and German governments.
The Border Roads Organisation (BRO) successfully bored the 700-meter Naushera Tunnel, connecting Akhnoor to Rajouri and Poonch, marking a significant accomplishment.
France and India have signed a historic Defence Space Agreement, potentially launching military satellites with offensive and defensive capabilities.
Safran and DRDO are in discussions to develop the Advanced Medium Combat Aircraft engine, aiming to meet India’s future fighter jet requirements.
The seed funding round also saw participation from industry veterans such as Airbus India former CEO and MD Dwarakanath Srinivasan and former president of Boeing India Pratyush Kumar (Prat) who chipped in as angel investors, Jeh Aerospace said in a statement.
At the same time, External Affairs Ministry spokesperson Randhir Jaiswal said it is a matter between Iran and Pakistan.
