Provision to cut down on procurement cycle The Minister of State for Defence Dr. Subhash Bhamrein has elaborated on the Defence Procurement Procedure (DPP) in parliament on 3 Jan 2018.
DEA clears Rs.532 crore proposal The Department of Economic Affairs has approved Canada Pension Plan Investment Board (CPPIB) proposal to invest in India.
Govt approves Rs.1,381 crore facility upgrade The government has approved an investment of Rs.1,381.04 Crores for fast track production of Light Combat Aircraft (LCA) to 16 from eight at Hindustan Aeronautics Ltd (HAL).
Scope of work to enhance river navigation The cabinet has approved a World Bank-supported capacity augmentation of navigation on National Waterway-1 (NW-1) at a cost of Rs 5369.18 crore.
BEML divestment deferred The government has given Budget Estimate (BE) for disinvestment during the year 2017-18 as Rs.72,500 crore.