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Maharashtra unveils policy to draw $5 bn defence investments

Maharashtra unveils policy to draw $5 bn defence investments

The Maharashtra government on Saturday released a draft defence and aerospace policy to attract investments of $5 billion and create 100,000 jobs in the next five years.

White House to propose boosting defence spending

White House to propose boosting defence spending

The White House will propose boosting defence spending and slashing funding for longtime Republican targets like the Environmental Protection Agency in a set of marching orders to agencies as it prepares its budget for the upcoming fiscal year.

India prepares to scrap foreign direct investment agency

India’s finance minister Arun Jaitley has signalled the end for the government’s Foreign Investment Promotion Board (FIPB)

SpiceJet unveils its ‘Great Budget Sale’

The 4 day sale launched today will be open till midnight, 4th February, 2017 whereas the travel period covered is from 19th February 2017 to 12th April 2017.

Streamline Procurements To See That Budget Lapse Is Not More Than 2-3% : Roomie Dara Vakil, Solar Industries India Ltd

Last year the budget was Rs.2.58 Lakh crores of which Rs.88,000 crores was for Capital expenditure. In the last four years Rs.35,000 crores capital expenditure has not been utilized and there is a 10% lapse every year.

In India’s ‘make or break’ Budget, defence may take a back seat

India’s disruptive cash ban may prevent Finance Minister Arun Jaitley from using this week’s budget to quicken the pace of the country’s much-needed military modernization.

AirAsia India Offers Tickets From Rs. 407 Under ‘2017 Early Bird Sale’

Budget carrier AirAsia India has come out with a promotional scheme called “2017 Early Bird Sale”, offering tickets from Rs. 407

Defence sector waits for capex to pick up in budget 2017

The only trouble with the defence business, lamented a chief financial officer of a company that built a new facility to supply components, is paucity of orders.

Government to Fund Defence MSME Work up to Rs 10 crore

More than two years after announcing it, the government has finally kick started its defence technology fund scheme — a cornerstone of the Make in India initiative that will fund research by MSMEs on urgent military technology projects up to a value of Rs 10 crore.

The Flip Side To The Customs Duty Exemptions Announced in the Budget and Ratified In The Finance Bill, 2016

The Finance Bill 2016 –passed on May 5–has removed exemptions on custom duty of 28.7%, earlier enjoyed by foreign Original Equipment Manufacturers (OEMs) thus providing level playing field to private domestic defence sector. Finance minister Arun Jaitley while presenting the Budget for 2016-17 had proposed re-imposing this customs duty and with the passage of the […]