India’s ‘big-bang’ reforms in defence; foreign OEM’s allowed 74 % stake

IDD explainer In a long-pending reform, India,  has allowed foreign original equipment manufacturers (OEMs) to invest upto 74 percent stake in Defence equipment manufacturing sector in India via the Foreign Direct Investment (FDI) route, allowing the OEM’s, a controlling stake in production. India is the second largest importer of weapons and equipment, accounting for 9.2

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India caps military spending for three months

IDD exclusive Reeling under the impact of the COVID-19 virus and the resultant country-wide lockdown,  India has announced a ‘capping’ of military spending for the next three months. The impact of capping — not cutting down spending —  for now, would be insignificant. However,  how India emerges from the lockdown, ending April 15, will determine

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