the defence ministry

Govt permits up to 74% FDI under automatic route in defence sector

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Govt permits up to 74% FDI under automatic route in defence sector

NEW DELHI:The Department for Promotion of Industry and Internal Trade (DPIIT) on Thursday issued a press note permitting foreign direct investment (FDI) in defence production above 74 per cent on the automatic route. This would be subject to access to modern technology or for ‘other reasons’ that needs to be recorded. FDI in defence production … Read more

Independence Day ceremony: Only senior cabinet members to be with PM at Red Fort

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Independence Day ceremony: Only senior cabinet members to be with PM at Red Fort

New Delhi: India’s 74th Independence Day ceremony will be a curtailed affair with strict physical distancing norms and hand sanitisation at Red Fort where Prime Minister Narendra Modi will address the nation. There will also be a special tribute to coronavirus warriors. With the shadow of Covid-19 looming large, the government, for the first time, … Read more