Govt committed to reduce imports in defense sector
Administrator_India | February 1, 2022 | 0 | EconomyThe government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister Nirmala Sitharaman said on Tuesday. She said that 68 per cent of capital for the defence sector would be earmarked for the local industry.
Sitharaman also said that 5 per cent of Universal Service Obligation (USO) Fund would be provided for R&D and technology upgradation. “Contracts for laying of optical fibre net to all villages under BharatNet to be provided under PPP mode,” she added.
Related Posts
“Stability Amidst Shifting Tides: Toyota and…
Dubai | May 7, 2024 | 0The automotive industry in Pakistan is witnessing a notable shift as major players like Kia, Suzuki, and Peugeot implement strategies to address sluggish car sales. With Kia and Suzuki slashing…
RBI Data: 16.22% Credit Surge, 12.96%…
Administrator_India | July 14, 2023 | 1Other than hearty interest across sections, rise attached to quarter-end business likewise pushed the advance volumes in fortnight, brokers said Reflecting flood in quarter-end business, Business Bank credit extended…