7-Jul-2023: Aatmanirbhar Bharat: MoD & HAL sign Rs 458 crore contract for two upgraded Dornier Aircraft for Indian Coast Guard
Ministry of Defence signed, in New Delhi on July 07, 2023, a contract with Hindustan Aeronautics Limited (HAL) for procurement of two Dornier Aircraft for Indian Coast Guard (ICG) along with associated Engineering Support package at an overall cost of Rs 458.87 crore. The aircraft will be procured under the Buy (Indian) Category.
The aircraft will be fitted with a number of advanced equipment viz., Glass Cockpit, Maritime Patrol Radar, Electro Optic Infra-Red device, Mission Management System etc. The addition will further bolster the aerial surveillance capability of maritime areas of responsibilities of the ICG.
13-Jun-2023: PLI Schemes contribute to increase in production, employment generation, and economic growth
The Production Linked Incentive (PLI) Schemes have led to a significant increase in production, employment generation, economic growth and exports in the country. Addressing a press conference in New Delhi today, Shri Rajesh Kumar Singh, Secretary, DPIIT said that due to PLI Schemes, there was a significant increase of 76% in FDI in the Manufacturing sector in FY 2021-22 (USD 21.34 billion) compared to previous FY 2020-21 (USD 12.09 billion).
The PLI schemes as envisioned by the Prime Minister, Shri Narendra Modi with the objective of making India 'AatmaNirbhar' is built on the foundation of 14 sectors with an incentive outlay of Rs. 1.97 lakh crore (about US$ 26 billion) to strengthen their production capabilities and help create global champions.
7-Jun-2023: Union Cabinet approves continuation of Central Sector Scheme of ‘Exploration of Coal and Lignite Scheme’
The Cabinet Committee on Economic Affairs (CCEA) chaired by the Hon’ble Prime Minister Shri Narendra Modi today approved the continuation of the Central Sector Scheme of “Exploration of Coal and Lignite scheme” with an estimated expenditure of Rs. 2980 crore from 2021-22 to 2025-26 co-terminus with the 15th Finance Commission cycle.
Under this scheme, exploration for Coal and Lignite is conducted in two broad stages: (i) Promotional (Regional) Exploration and (ii) Detailed Exploration in Non-Coal India Limited blocks.
The approval will provide an outlay of Rs.1650 crore for Promotional (Regional) Exploration and Rs.1330 crore for Detailed Drilling in Non-CIL areas. Approximately, 1300 sq. km area will be covered under Regional exploration and approximately 650 sq. km area will be covered under Detailed exploration.
Exploration for Coal and Lignite is required to prove and estimate coal resources available in the country which helps in preparing detailed project report to start coal mining. The Geological reports prepared through these exploration is used for auctioning new coal blocks and the cost is thereafter recovered from successful allocatee.