Daily Archives: February 27, 2016

Hindustan Aeronautics project of Light Utility Helicopter

By | February 27, 2016

HAL Projects Hindustan Aeronautics Limited (HAL) has planned to set up a manufacturing facility and take up Maintenance Repair & Overhaul (MRO) activities for Light Utility Helicopter (LUH) and other Rotary Wing Platforms near Tumkur, Karnataka. The foundation stone has been laid on 03rd January 2016. HAL plans to manufacture the lighter, three tonne machines… Read More »

Govt steps for Modernisation and Security of Shipyards

By | February 27, 2016

Modernisation and Security of Shipyards Government has plans to modernise and upgrade the shipyards where various types of warships and submarines are produced. A comprehensive assessment of the modernisation needs of the Defence Shipyards have been made based on the requirement of the ongoing and future Projects. The modernisation programme is intended not only to… Read More »

Country wise Import budget of India for defence during last 3 years

By | February 27, 2016

Defence Preparedness The details of the import budget for defence during the last three years, country-wise is as follows: Army (` in crores) Country Financial year   2012-13 2013-14 2014-15 Russia 593.80 936.20 2,110.12 Israel 199.67 412.06 1,023.87 USA 61.77 0.95 0.00 Others 136.43 151.79 318.62 Total 991.67 1,501.00 3,452.61 Navy (` in crores) Country… Read More »

Govt steps for Resettlement of Ex-Servicemen

By | February 27, 2016

Resettlement of Defence Personnel Approximately, 55,000 personnel retire annually from the armed forces. Government is imparting training to the personnel of the Armed Forces before their retirement. Indian Institute of Management (IIM) has also come forward to help them in finding employment. IIM Ahmedabad, Lucknow and Indore are conducting 24 weeks Management Courses regularly for… Read More »

25 Sainik Schools in India

By | February 27, 2016

Sainik Schools As per the Memorandum of Association of the Sainik Schools Society, 1961 the objects of the society include establishment of Sainik Schools in various parts of India to provide special School education of a high standard with the aim of preparing boys academically and physically for entry into the National Defence Academy and… Read More »

Defence Deals of India in Last 3 years

By | February 27, 2016

Defence Deals During the last three years 162 contracts with total value of Rs. 133093.29 Crore have been signed with Indian and foreign vendors for procurement of defence equipment, including Ships, Missiles, Rockets, Simulators, Tanks, Guns, Aircrafts, Helicopters and Radars.  The details are as follows: Year No. of Contracts Value (Rs. in crore) 2012-13 73… Read More »

compensation admissible to Next of Kin of the soldiers

By | February 27, 2016

Rescue Operation at Siachen On the night of 02/03 Feb, 2016, a massive ice wall  facing Sonam Post in Northern Glacier (Siachen) suddenly collapsed and  10 Army personnel were trapped under it. All possible resources of the Army/Air Force were mobilized and directed towards the rescue operation launched to   rescue them. On 08th Feb, 2016,… Read More »

Taxability of Interest on NPAs and Stick Loans

By | February 27, 2016

IN THE HIGH COURT OF JUDICATURE AT BOMBAY BENCH AT AURANGABAD INCOME TAX APPEAL NO. 53 OF 2014 THE COMMISSIONER OF INCOME TAX, AURANGABAD VERSUS M/S. DEOGIRI NAGARI SAHAKARI BANL LTD,AURANGABAD Held Interest on NPAs and Stick Loans, even if accrued as per the mercantile system of accounting by a bank, is not taxable as per prudential norms Download Complete judgement :DEOGIRI NAGARI SAHAKARI BANL LTD