RCB beat CSK by 1 run in 39th match of IPL-12, Dhoni scores unbeaten 84 with 7 sixes

RCB beat CSK by 1 run in 39th match of IPL-12, Dhoni scores unbeaten 84 with 7 sixes

Speed Post News Network Patna : Royal Challengers Bangalore (RCB) beat Chennai Super Kings (CSK) by 1 run in the 39th match of IPL-12 at M Chinnaswamy Stadium, Bengaluru, Karnataka, on April More »

Bhojpur SP orders probe into Mukhia’s complaint against SHO, Charpokhri PS

Bhojpur SP orders probe into Mukhia’s complaint against SHO, Charpokhri PS

Kumar Rajiv Nayan Ara : Bhojpur SP Aditya Kumar taken serious note of the complaint of Mukhia, Thakuri Panchayat under Charpokhari block, Uma Devi against Station House Officer (SHO), Charpokhari police station More »

Saharsa DM, SP exhort voters to participate in poll process in big way

Saharsa DM, SP exhort voters to participate in poll process in big way

  B N Singh ‘Pappan’ Saharsa : Saharsa DM Shailja Sharma and SP Rakesh Kumar on April 21, 2019, staged a roadshow at Saharsa with police and para-military forces on April 21, More »

Police arrest 8 bike lifters in Buxar, seize 4 stolen bikes

Police arrest 8 bike lifters in Buxar, seize 4 stolen bikes

Kumar Rajiv Nayan Buxar : Police on April 21, 2019, arrested eight members of an inter-state gang of bike lifters near Dakhina and Mathia Kali temple under Koransarai police station in Buxar More »

PM Modi speaks to President and Prime Minister of Sri Lanka

PM Modi speaks to President and Prime Minister of Sri Lanka

Speed Post News Network New Delhi : Prime Minister Narendra Modi, in  telephonic conversations with the President and Prime Minister of the Democratic Socialist Republic of Sri Lanka, conveyed heartfelt condolences on More »

Man injured in Semaria clash in Bhojpur dies at PMCH

Man injured in Semaria clash in Bhojpur dies at PMCH

Kumar Rajiv Nayan Ara : Juguni Sah alias Jitendra Sah, 45,  son of late Paras Sah and husband of Poonam Devi, Member, Ward No 5, who was injured in a violent clash More »

 

21 Defence Offset Contracts signed by MOD in last 3 years : Minister

Speed Post News Network

New Delhi : Twentyone defence offset contracts with cumulative value of 5.67 Billion US Dollars approximately have been signed by Ministry of Defence (MOD) in last three years.

The MOD has assigned a study through Institute for Defence Studies and Analysis (IDSA) to ascertain the impact of offsets on Indian Defence Industrial Base.  The interim report has been received.

Defence industry sector was first opened up in May 2001 for 100% manufacturing by Indian Private sector including FDI up to admissible cap both subject to licensing.  Department of Industrial Policy & Promotion (DIPP) vide press note 5 (21016) notified revised FDI policy under which FDI is allowed under automatic route up to 49% and beyond 49% through Government route whenever it is likely to result in access to modern technology or for other reasons to be recorded.

So far, 41 FDI proposals / Joint Ventures have been approved in defence sector for manufacture of various defence equipment, both in public and private sector. Further, the Government has so far issued 430 licenses till December, 2018, for manufacturing of various licensable defence items.

FDI of Rs 1.16 crore has been received under the 3 National Industrial Classification (NIC) Codes of Defence sector as informed by DIPP.  In addition, 6 companies, for which FDI approval had been accorded, received Rs 237.44 crores in Defence and aerospace sector since April 2014. This information was given by Minister of State for Defence Dr Subhash Bhamre in a written reply to Ritabrata Banerjee in Rajya Sabha on February 11, 2019, according to a PIB release.

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