Central to the package is the extension of the Shipbuilding Financial Assistance Scheme (SBFAS) until March 31, 2036, backed by a corpus of ₹247.36 billion. The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a comprehensive package worth ₹697.25 billion to revitalise India’s shipbuilding and maritime ecosystem. The initiative adopts a four-pillar strategy...
Tag: Aatmanirbhar Bharat
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Thales Appoints Ankur Kanaglekar to Lead India Operations, Reinforcing Defence Localisation and Innovation
Kanaglekar will focus on scaling industrial partnerships, strengthening local engineering capabilities, and delivering advanced solutions across defence, aerospace, and digital domains. French multinational Thales, a global leader in aerospace, defence, and digital security, has appointed Ankur Kanaglekar as Vice-President for India, effective September 10. With over 25 years of experience spanning aerospace, defence, and strategic...
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GST on Drones Slashed to 5% in Major Tax Reform, Boosting India’s UAV Sector
Uniform taxation rate to reduce prices and spur drone adoption across agriculture, defence, and infrastructure. In a landmark move to support emerging technologies and industrial growth, the GST Council has approved a uniform 5 per cent goods and services tax (GST) on all categories of drones. The reform, announced at the 56th GST Council Meeting,...
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The Corridor of Opportunity
All emerging economic and military powers require secure trade routes. Take, for example, the Suez Canal, a vital gateway for global trade. It attracts about 12-15 per cent of global trade and about 30 per cent of global container traffic, with more than $1 trillion in goods transiting annually. The blockage of the Suez Canal...
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Govt has no plans to privatise railway sector: Ministry of Railways
Railways need technology to progress under Aatmanirbhar Bharat
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China Powers Spiralling Steel Prices
Domestic steel prices have witnessedan unprecedented rise from the second half of FY2021.The economic support measures unveiled by various countries will keep the demand for steel high. The near absence from the world export market and a higher import by China are among the major factors keeping steel prices at elevated levels. Continued higher demand...
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World’s largest democracy commences work on a new parliament building
India, the world’s largest democracy, will usher in the diamond jubilee celebrations of Independence from British colonial rule with a new Sansad Bhawan or Parliament House in 2022.
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Secondary steel sector to play key role in achieving NSP targets
Minister of State for Steel, Faggan Singh Kulaste has said that the secondary steel sector will play an important role in achieving the 300 million tonne (MT) target of steel capacity by 2030-31, as laid out in the National Steel Policy-2017.
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Govt trying to accelerate EV uptake: Gadkari
Union Minister of Road Transport and Highways & Micro, Small and Medium Enterprises (MSME), Nitin Gadkari on Monday said that the Central Government was aiming at creating core global competencies in India by facilitating the seamless integration of the local automotive industry with the world. In this direction, it was attempting to create an ecosystem to accelerate the uptake of electric vehicles in the country.
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Ministry of Shipping is now Ministry of Ports, Shipping and Waterways
Ministry of Shipping will now be known as the Ministry of Ports, Shipping and Waterways. This was announced by Prime Minister Narendra Modi during the inauguration of the roll-on-roll-off terminal at Hazira on Sunday.
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