Breaking News

Investigative News

Govt Planning Fertilizer Subsidies Directly to Farmers

New Delhi (ABC Live): Fertilizer subsidies paid during the last three years and current years (up to October 2015), year-wise, are as in table below:                                                                       …

Read More »

India Constitutes NMET for Mineral Exploration

New Delhi (ABC Live): The Central Government has established the National Mineral Exploration Trust , NMET vide Gazette Notification No. G.S.R.633 (E) dated 14th August, 2015. The NMET has a Governing Body chaired by the Union Minister In-charge of Ministry of Mines and an Executive Committee chaired by Secretary, Ministry of Mines. Further, vide Gazette Notification No. G.S.R.632 (E) dated 14th August, …

Read More »

Amended MMDR Act Empowers States for Granting Mining Leases

New Delhi (ABC Live): As per the provisions of the Mines and Minerals (Development and Regulation)  MMDR Act, 1957, State Government is empowered to grant mining leases for all minerals. However, before the MMDR Amendment Act, 2015, prior approval of the Central Government was required under Section 5(1) of the MMDR Act for granting mineral concessions in respect of minerals …

Read More »

Bank Board Bureau to Improve Banks Governance

New Delhi (ABC Live): With a view to improve the governance of Public Sector Banks (PSBs), the Government has decided to set up an autonomous Bank Board Bureau (BBB). The Bureau will search and select heads of Public Sector Banks and help them in developing differentiated strategies and capital raising plans through innovative financial methods and instruments. The BBB is …

Read More »

Suicidal Tendency in Indian Armed Forces Alarming

New Delhi (ABC Live): Indian Army had taken serious note of Suicidal Tendency in Indian Armed Forces.Number of incidents of suicide and fratricide in Armed Forces during last three years and the current year is as under:- Year Army Navy Air Force   Suicide Fratricide Suicide Fratricide Suicide Fratricide   2012 95 01 01 Nil 15 Nil 2013 86 03 …

Read More »

India Loses 869 Soldiers in Siachen Glacier 31 years

New Delhi (ABC Live): In order to fast track procurement of Clothing and Equipments for defence  personnal deployed in very high altitude areas like Siachen Glacier, an Empowered  Committee  under  the  chairmanship of Master General of  Ordnance (MGO) has been set up with full powers of Competent Financial Authority.  Special dispensation for placing 100% repeat order has also been given …

Read More »

India Invests Crores in Defence Forces Modernization

New Delhi (ABC Live): India has invested Rs 65,862 crores for Defence Forces Modernization during the year 2014-15. Details of the amount allocated for Defence Forces Modernization during the year 2014-15 is as follows:- ( ` in crores) Year Budget Estimates Revised Estimates Actual Expenditure Savings Savings as % of Revised Estimates 2014-15 75,148.03 66,151.73 65,862.38 289.35 0.44   Only …

Read More »

Bullet Proof Jackets Purchased in AoN Failed in Trails

New Delhi (ABC Live): The Defence Acquisition Council (DAC) had accorded Acceptance of Necessity (AoN) in October, 2009 for Capital procurement of Bullet Proof Jackets (BPJs).  The Request for Proposal (RFP) for the Capital procurement of BPJs was retracted in October, 2015 as the BPJs fielded by vendors failed in the trials.  Government has taken action to procure 50,000 bullet …

Read More »

DIPP Approves Kinfra Defence Park

New Delhi (ABC Live):Department of Industrial Policy and Promotion (DIPP) under the Ministry of Commerce and Industry has accorded ‘in principle approval’ for the project at Kinfra Defence Park, Ottapalam (Distt.-Palakkad), Kerala. The major activities as envisaged in proposed park as per Detailed Feasibility Report are creation of facilities like CETP, storm water drainage, rain water harvesting, internal roads, boundary …

Read More »

India Gifted ICGS Varaha to Sri Lanka

New Delhi (ABC Live): Indian Coast Guard Ship, ICGS Varaha was transferred on lease to Sri Lankan Navy in April, 2006. The lease was extended from time to time. On the request of Sri Lankan side, the ship was gifted to Government of Sri Lanka on a permanent basis in August 2015 as a goodwill gesture in line with our …

Read More »