News Update

PLI scheme for electronics manufacturing sees incremental investment of Rs 8,390 CrG20 finance leaders agree to tax super-rich but forum not yet readyDPIIT promotes green logistics industry balancing economic growth and environmentIndia, US ink pact to stymie illegal trafficking of cultural propertyRailways expands tracks by 31,180 kmFroth in Yamuna river: Delhi complains to Centre against UP and HaryanaGovt to enhance reach of Indian Digital Public InfrastructureFormer BJP Minister says BJP has totally failed as Opposition in KarnatakaGovt provides incentives to small tea growersEU penalises 5 countries for infringing budget rulesI-T-Transaction involving transfer of unutilised shares cannot be deemed to be sale of shares so as to attract levy of Long Term Capital Gain u/s 112: ITATChina says Relations with Japan at critical stageST - Once the activity of appellant that is of forfeituring the amount of earnest money is not a declared service, question of retaining said money as consideration for rendering such service becomes absolutely redundant: CESTATEU medicines regulator disapproves Alzheimer’s new drugSC says no restrictions on voluntary name banners along Kanwar route eateriesFM favours debt reduction but sans affecting economic growthKargil Victory Day: PM warns Pak against practising terrorismChina pumps in subsidies worth USD 41 bn into car sectorMisc - Payments made to Government cannot be deemed to be a tax merely because statute provides for their recovery as arrears: SC CBMisc - 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 CBMisc - 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 CBCus - Owner of goods has a liability to pay customs duty even after confiscated goods are redeemed on payment of fine - Interest follows: SC
 
Govt to further reform Defence Production: Secretary

 

By TIOL News Service

NEW DELHI, JULY 10, 2024: DEFENCE Secretary, Giridhar Aramane, said that the Ministry of Defence is committed to undertake further reforms in Defence Production and to handhold the eco system by implementing the Industry 4.0/QA 4.0 to bolster the Manufacturing. He was delivering keynote address at a National Level Seminar on Quality Reforms held virtually by Directorate General of Quality Assurance (DGQA) in association with Society of Indian Defence Manufacturers (SIDM) on 9 July, 2024. He underlined the importance of achieving the stipulated goals laying emphasis on the need for achieving Atmanirbharata in defence manufacturing and the key role of all stakeholders, especially domestic Defence Industry in realizing this vision.

Representatives from more than 250 Defence Industries, members of SIDM, FICCI, ASSOCHAM, PHD CCI, Service Headquarter, CMDs of DPSUs, Govt QA agencies, Start-ups and MoD officials took part in the Seminar.

Addressing the participants, Lt Gen R S Reen, DG, DGQA, highlighted various Quality Initiatives and reforms undertaken by DGQA, to facilitate Ease of Doing Business and promote Atmanirbharata.. Rajinder Singh Bhatia, President SIDM, shared Industry perspective on ongoing reforms and need for a collaborative approach.

Eminent Speakers from the Indigenous Defence Manufacturing Sector viz., Arun Ramachandani, L&T Precision Engineering, N Raveeswaran, CEO, A&D Strategic Business, Mahindra Defence, Neeraj Gupta, MD, MKU Ltd and Ms Vrinda Kapoor, CEO 3 rd  iTech, Dr. R Shivaraman, Big Bang Boom Solutions Pvt Ltd put forth the industry perspective on Quality Assurance and provided suggestions to facilitate and improve Indigenous manufacturing in the Defence Sector.

The Seminar culminated with a decision to have such interactions more regularly, among Indigenous Defence Manufacturers, Government QA Agencies and other stakeholders, to facilitate Ease of Doing Business, in the Defence Sector.


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.