October 05, 2020 10:04 am
Effective today, the new Defence Acquisition Procedure removes the clause for offsets for certain kinds of defence contracts. How does the offset policy work, and why has this step been taken?
November 07, 2016 8:41 pm
The DAC also gave Acceptance of Necessity (AoN) to Indian Air Force's plan to purchase 83 Tejas Mark 1A aircraft at a cost of Rs 50,025 crore, Defence Ministry sources said.
February 24, 2016 1:53 am
This was the last meeting of the DAC before the presentation of the Union Budget on February 29. In Budget 2015-16, Rs 93,657 crore had been budgeted for capital expenditure out of an overall defence budget of Rs 2.46 lakh crore.
July 21, 2014 12:30 am
In ending public sector monopoly, defence ministry has laid the foundation for a defence-industrial base.
December 24, 2013 2:30 am
Navy to procure anti-submarine craft; 41choppers cleared
September 14, 2013 2:17 am
The order,worth over Rs 6,000 crore,will be executed by the Avadi Heavy Vehicles Factory.
April 22, 2013 10:41 am
The new policy (DPP) aims to create a strong defence manufacturing base in the country.
April 12, 2013 1:38 am
The upgunning of 130 mm guns was originally awarded to Israeli firm Soltam
October 30, 2012 12:37 am
Puts off decision on chopper deal
June 23, 2012 1:42 am
Sources said besides discussions on new purchases,Antony held an extensive session on creating a more competitive process of procurements.