News Update

G20 finance leaders agree to tax super-rich but forum not yet readyIndia, US ink pact to stymie illegal trafficking of cultural propertyFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaEU penalises 5 countries for infringing budget rulesChina says Relations with Japan at critical stageEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesNew Capital gains regime: CBDT issues FAQsFM favours debt reduction but sans affecting economic growthMisc - Royalty not a tax; royalty is contractual consideration paid by mining lessee to lessor for enjoyment of mineral rights & liability to pay royalty arises out of contractual conditions of mining lease: SC CBDGFT simplifies EPCG Scheme procedures to enhance Ease of Doing BusinessKargil Victory Day: PM warns Pak against practising terrorismPM GatiShakti Group evaluates five key infrastructure projectsMisc - Since power to tax mineral rights is provided for in Entry 50 of List II, Parliament cannot use its residuary powers in this subject matter: SC CBLadakh's Budget has increased from Rs 1100 Cr to Rs 6000 Cr in last 5 yrsChina pumps in subsidies worth USD 41 bn into car sectorCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SCIndia's installed Nuclear Power Capacity to triple by 2031-32: MoS
 
MoD inks MoU with BEML, BEL & MIDHANI for indigenous development of Advanced Fuelling System

By TIOL News Service

NEW DELHI, MAR 04, 2024: MINISTRY of Defence has signed a tripartite Memorandum of Understanding (MoU) with BEML Limited, Bharat Electronics Limited (BEL) and Mishra Dhatu Nigam Limited (MIDHANI) for indigenous development of Advanced Fuelling and Control System for Engines for heavy duty applications. The MoU was inked with Chairman & Managing Director, BEML Limited  Shantanu Roy; CMD, MIDHANI Dr SK Jha; and CMD, BEL  Bhanu Prakash Srivastava, in the presence of Defence Secretary Giridhar Aramane in New Delhi on March 04, 2024.

This collaborative initiative will focus on leveraging indigenous capabilities to design, test, and manufacture an Advanced Fuelling and Control System that offers enhanced efficiency, performance, and reliability. By harnessing the latest advancements in engine technology and control systems, the companies aim to extend their domain expertise for development of engine systems which will ensure self-reliance in the field of Combat vehicles. The MoU corroborates the resolve of the Government to develop complex technologies within the country under the ‘Aatmanirbhar Bharat' initiative.


POST YOUR COMMENTS
   

TIOL Tube Latest

Dr. Shailendra Kumar, Chairman, TIOL Knowledge Foundation, addressing the gathering



Shri Ram Nath Kovind, Hon'ble 14th President of India, addressing the gathering at TIOL Special Awards event.