FDI limit for defence manufacturing to be raised to 74%
FDI limit for defence manufacturing to be raised to 74% In news- The Union government has decided to raise the limit for foreign direct investment (FDI) for defence manufacturing from 49 to 74 per cent under the automatic route. Speaking to the media here, Finance Minister Nirmala Sitharaman on Saturday said that time-bound defence procurement process and faster decision-making will take place under the new policy. The mega reform announcements are part of the Rs 20 lakh-crore economic package announced by Prime Minister Narendra Modi on …
CAPTAIN KARAM SINGH: THE BRAVE WHO DEFEND 8 ATTACKS WAVE
Date of Birth : Sep 15,1915 Birth Place: Sangrur Dist(Punjab) Service: Army Last Rank: Subedar and Hon Captain Unit: 1 Sikh Arm/Regt : The Sikh Regiment Operation: Indo Pak War 1947-48 Awards: PVC Date of Demise : 20 June, 1993 EARLY LIFE- Honorary Captain Karam Singh was born on 15 Sep 1915, at Bhaliawala village in Sangrur district of Punjab. Son of a farmer Sardar Uttam Singh, Karam Singh always wanted to live a life of thrill and adventure since his childhood. His uncle was …
21 MH-60R Seahawk Maritime Helicopters On Order For The Indian Navy
In News- India becomes the latest country to add the MH-60R Seahawk maritime helicopter to its fleet. The U.S. Navy announced a $905 million contract to Lockheed Martin (Sikorsky) for 21 "Romeo" helicopters for the Indian Navy. PURPOSE- India’s selection of the MH-60R ‘Romeo’ multi-mission helicopter provides the Indian Navy with the most advanced anti-surface/anti-submarine warfare helicopter in operation today. The MH-60R offers the lowest risk and best value option because the aircraft is already in full production …
MAJOR SOMNATH SHARMA: THE LAST MAN LAST ROUND
Date of Birth : Jan 31, 1923 Birth Place: Kangra (HP) Service: Army Last Rank: Major Service Years: 1942 - 1947 Unit : 4 Kumaon Regiment : The Kumaon Regiment Awards : Param Vir Chakra (Posthumous), M entioned in Dispatches Date of Martyrdom : Nov 03, 1947 Qoutes- "The enemies is only 50 yards from us. We are hopelessly outnumbered. I will not withdraw one inch but fight to the last man last round." Major Somnath Sharma was born on 31st January 1923 in the Dadh district of Kangra in Himachal Pradesh (then Punjab provin…
TOUR OF DUTY
In news- The Indian Army has proposed to allow common citizens to join its ranks as officers and soldiers for a three-year short service billed as 'Tour of Duty'. This proposal for:- 1)- It believes that the proposal would be of immense financial benefit to the Army due to reduction in pay and gratuity payouts. If the proposal is approved, it will be voluntary in nature and there will be no dilution in the selection criteria. 2)- The proposal is a shift from the concept of permanent service in the armed forces …
CEREMONIAL TO ARMOURED
In news:- The transition of the regiment to a full-fledged armoured regiment will take around five months time or even more, in view of the Covid-19 restrictions in place. The regiment will be stationed at a new location in an active field formation. "There are three independent armoured squadrons located at various parts of the country and these will be brought under 61 Cavalry to form an armoured regiment. This will entail virtually no extra expenditure as the squadrons are already equipped with tanks,”a senior officer said while confir…
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