Union govt approves amendment in Foreign Direct Investment Policy in Defence Sector. FDI is allowed up to 74 per cent through automatic route and beyond 74 per cent to be permitted through government route.
The Rafale aircraft were formally inducted into the IAF with a Sarva Dharma Puja followed by an air display of the fighter jets and a water cannon salute.
The biennial bilateral maritime exercise between Indian Navy and Russian Navy has started the 11th edition of a biennial bilateral maritime exercise “INDRA NAVY” in the Bay of Bengal.
A group life insurance scheme through the Life Insurance Corporation (LIC) named “Chhavni COVID: Yodha Sanrakshan Yojana” launched by the Defence Minister Rajnath Singh for more than 10000 employees working in the 62 military cantonment areas across India.
The scheme will provide a cover of Rs.5 lakhs each in the event of any fatal misfortune.
The Ministry of Defence (MoD) has signed contracts with Bharat Earth Movers Ltd. (BEML), Tata Power Company Ltd. (TPCL) and Larsen & Toubro (L&T) for supply of Six Pinaka Regiments to the Regiment of Artillery of the Indian Army at an approximate cost of Rs. 2580 Crores.
Indian Air Force (IAF) Chief Marshal Rakesh Kumar Singh Bhadauria launched a mobile application ‘MY IAF’ at IAF Headquarters (Vayu Bhawan) to provide career-related information to aspirants as a part of Digital India initiative.
Tamil Nadu Chief Secretary K. Shanmugam commissioned Indian Coast Guard Ship C-44 in Chennai which is a Forty Ninth Interceptor Boat of the series, indigenously built and designed by M/s Larsen and Toubro Ltd, Hazira (Surat).
The Union Defence Minister Rajnath Singh addressed the Naval Commanders’ Conference 2020 which was held in New Delhi, India from August 19 to 21, 2020. He reviewed the innovations by Indian Navy to combat COVID 19 pandemic.
Defence Minister banned the import of 101 defence items with an aim to promote the defence production of our country towards becoming Aatmanirbhar Bharat.
India will take part in the Russian Kavkaz 2020 strategic command-post exercise next month. The invitees for the exercise also include China and Pakistan apart from other member-states of the Shanghai Cooperation Organisation (SCO).