Rs 20000000000 Deal: Indian Army to get powerful Air Defence Fire Control Radar, capable of detecting..., Pakistan and China in tension because...
Air Defence Fire Control Radar: The methods of conventional warfare have changed, as we witnessed during the Iran-Israel war and even in Operation Sindoor. Now, war is fought with advanced weapons and crucial intelligence. In view of these changes, India is also continuously upgrading its armed forces with the latest weapons. New indigenous weapons equipped with modern and advanced technology are being purchased. Recently, a major agreement has been signed between the Ministry of Defence and BEL. Under the agreement, which is worth Rs 2,000 crore, BEL will make Air Defence Fire Control Radar for the Indian Army.
These Made in India radars will further strengthen the 'Atmanirbhar Bharat' program and decrease India's dependency on foreign weapons and air defence systems.
Major Contract Signed With BEL
The Ministry of Defence (MoD) has signed a Rs 2,000 crore with Bharat Electronics Limited (BEL). Under the agreement, the Indian Army will procure air defence fire control radars from BEL.
Contract Was Signed In The Presence Of The Defence Secretary
The agreement is categorized under Procurement (Indian-Indigenously Designed, Developed and Manufactured). It was formalized and exchanged by high-ranking officials from the Ministry of Defence and Bharat Electronics Limited (BEL) in New Delhi on July 25, 2025, with Defence Secretary Rajesh Kumar Singh in attendance.
Indigenous Defence Industry Will Be Strengthened
These kinds of major deals will further empower indigenous defence industries by encouraging Indian MSMEs to manufacture components and supply of raw materials.
Important Step Towards Modernisation
'This will prove to be an important milestone in the modernisation of air defence regiments and will enhance the operational readiness of the Indian Army. It will also contribute to the economic development of the nation,' the Defence Ministry statement read.
Radars Will Detect Air Threats
These indigenous fire control radars are capable of detecting all types of aerial threats, including fighter jets, military choppers, and suicide drones.
13 New Agreements
Recently, Defence Ministry has approved 13 new contracts worth Rs 1,981.90 crores to strengthen the Indian Army's capacity for anti-terrorism operations. This emergency procurement aims to bolster the operational effectiveness of troops stationed in terrorism affected areas.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Hans India
5 minutes ago
- Hans India
CM: Karnataka ranks number one in per capita income among states
Bengaluru: Chief Minister Siddaramaiah on Saturday asserted that 'due to the implementation of the five guarantee schemes by our government, Karnataka has become number one in the country in terms of per capita income'. He also claimed that BJP leaders do not understand economics. He was speaking at the inauguration and foundation stone laying ceremony of various development works and a beneficiaries' meeting held in the Arasikere Assembly constituency. 'Karnataka is now ranked number one in the country in terms of per capita income. The main reason for this is the increased purchasing power of the people. And the increase in purchasing power is a direct result of our guarantee schemes. BJP leaders don't understand economics. That's why they're spreading false propaganda claiming that the state government has no money for development. Even if they try to mislead the people with politically motivated lies, the people of Karnataka will not be fooled,' CM Siddaramaiah asserted. He said that in the government's performance review meetings, lakhs of beneficiaries had come forward to express their gratitude, which proved that the Congress government had delivered on its promises. He further explained that while Rs 1.20 lakh crore had been allocated for developmental projects, Rs 56,000 crore was being spent on guarantee schemes to deliver development directly to people's doorsteps. Speaking about the national-level conference of backward communities held in Delhi, Chief Minister Siddaramaiah said that the Leader of the Opposition in Lok Sabha Rahul Gandhi had clearly expressed his understanding of the issues faced by backward communities. He stated that the Congress government had formulated programs for the uplift of Backward Classes, women, Dalits, the oppressed, and the poor from all castes. CM Siddaramaiah stated that Congress was the only party that designed and implemented programmes aimed at achieving social justice, uplifting the poor, and upholding the values of the Constitution. He challenged the BJP to look at history and see that only the Congress had consistently worked to implement social justice, both in the state and at the national level. He praised local Arasikere MLA Shivalingegowda, saying he was focused on both carrying out people-centric development works in the constituency and presenting the party and government's pro-people initiatives effectively in the Legislative Assembly. Expressing confidence, he said that Shivalingegowda, already elected four times, will definitely win again in the next election.
Time of India
5 minutes ago
- Time of India
Early retirement: How financial planning helped this seasoned market veteran retire early at 55
At 55, CEO of India's 25th largest mutual fund house PGIM, Ajit Menon is walking away from a successful career managing Rs.26,693 crore in assets—not because he has to, but because he planned to. His secret weapon? A 12-year partnership with a financial adviser helped map his path to early retirement . Here's why even seasoned market veterans need someone to dispassionately do their wealth planning. You are retiring at 55, a relatively early age by corporate standards. Was this a calculated decision rooted in a financial plan? Yes. I am simply following our family's financial plan, which we began with our adviser about 12 years ago. I now want to focus more on retail brand building and retirement, while making time for family and personal interests. Explore courses from Top Institutes in Please select course: Select a Course Category PGDM MCA Data Science MBA Data Science Digital Marketing Technology Others Operations Management Public Policy CXO Design Thinking Cybersecurity Degree Product Management Data Analytics Healthcare healthcare Leadership Management Finance Project Management Skills you'll gain: Financial Analysis & Decision Making Quantitative & Analytical Skills Organizational Management & Leadership Innovation & Entrepreneurship Duration: 24 Months IMI Delhi Post Graduate Diploma in Management (Online) Starts on Sep 1, 2024 Get Details Was early retirement always a goal, or did it evolve? It evolved. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » As a CEO of a mutual fund company, you had deep knowledge of markets—why did you still choose to work with a financial adviser? Health and wealth are two areas where we tend to be emotionally invested. Surgeons are not allowed to operate on near and dear ones for the risk of making an error due to being emotionally invested. Similarly, you could make errors of judgment in managing your own money, regardless of how skilled you are. That's why working with a trusted, qualified adviser is often the wiser choice. What surprised you the most about the financial planning process when you became the client? Did a planner uncover any blind spots in your financial behaviour, despite your own professional expertise? Yes. Selecting the proper health and life insurance solutions, factoring in commute time in our buy-versus-rent decision, and providing for pension for our long-time housekeeper from my wife's income. More innovative use of credit card spending and using forex cards, optimising for tax, writing a comprehensive will, and all of these added tremendous value to feeling more confident. Can you share one key advice your financial planner gave you that made a difference? To consider what will keep us happy, not happier. That's a comparison trap with no end. Setting expectations in a way that helps prevent our financial goal posts from shifting made a difference. Were there moments when your professional knowledge conflicted with your adviser's recommendations, and how did you handle those situations? Not in our case. When your adviser is dealing with hundreds of households that have similar hopes, dreams and challenges, that experience has practical applications that help sharpen solutions compared to conventional knowledge. What habits or disciplines helped you the most in building long-term wealth? Trusting the process of the financial plan. Keeping track of the oversized items on the budget. Not second-guessing product choices allocated for each goal. Letting equity investments compound without interruptions. How did you prepare your family for this transition—financially and mentally? My wife, Alinaa, has been involved in the process, as her income is allocated across various goals. My brother and my adviser are the executors and witnesses to our will. My parents are aware of the details of my financial plan and are pleased that I will have time away from my busy schedule. What does the next decade look like for you? Are there new passions you're exploring? Yes. From helping a local community around a farm land we own to pursuing my creative passions, there is much to do. If you could go back to your 40-yearold self, what financial or life advice would you give? You should have appointed your adviser earlier. Use the top-up SIP (systematic investment plan). Read more. Meet more people. How do you think retirement—and financial independence—will look different for the next generation of leaders? The next generation prioritises health significantly better than the previous one. That's the first step to being sorted on most challenges, including financial ones. How do you define 'enough'—and does that evolve over time? It does, but the first step of budgeting is key. Aiming for happiness, rather than being overly happy, helps. Looking back, which decisions or strategies are you most proud of, and which would you approach differently today? I married my best friend. She is my most significant support. In hindsight, the best strategy. Having a good adviser is a close second. And I would guard against concentration, in real estate or equity. PGIM evolved into a respected fund house after the DHFL crisis. How did you manage the ups and downs? We focused on transparency, clear differentiation, and knowing what not to do. Our launches are built for the long term—and all are growing. Talented colleagues and a work culture that values diverse opinions and flexibility helped immensely.
&w=3840&q=100)
Business Standard
5 minutes ago
- Business Standard
Discuss Operation Sindoor by rising above partisan politics: Mayawati
The first week of disruption in Parliament's Monsoon Session is set to give way to a fiery debate on the Pahalgam attack and Operation Sindoor from Monday Press Trust of India Lucknow Bahujan Samaj Party president Mayawati said the discussion on Operation Sindoor, starting in Parliament on Monday, should be approached by both the ruling alliance and the opposition by "rising above partisan politics". The first week of disruption in Parliament's Monsoon Session is set to give way to a fiery debate on the Pahalgam attack and Operation Sindoor from Monday as the ruling alliance and the opposition prepare to lock horns over the two issues steeped in national security and foreign policy imperatives. The BJP-led ruling National Democratic Alliance (NDA) and opposition parties are expected to field their top guns during the discussion in the Lok Sabha and the Rajya Sabha. "The discussion on 'Operation Sindoor' starting in Parliament today should be approached by both the ruling party and the opposition by rising above partisan politics," Mayawati posted on X in Hindi. "Going forward, the government and the opposition should work together under a solid strategy to ensure that no woman's sindoor is wiped away and no mother has to lose her son; this is also the demand of the time," the BSP chief added in the same post. Sources said on Sunday that Home Minister Amit Shah, Defence Minister Rajnath Singh, and External Affairs Minister S Jaishankar would be speaking on the issues amid indications that Prime Minister Narendra Modi may make an intervention to convey his government's "robust" stand against terrorism. Leaders of Opposition in the Lok Sabha and the Rajya Sabha, Rahul Gandhi and Mallikarjun Kharge, respectively, may lead the charge against the government along with Samajwadi Party's Akhilesh Yadav, besides a host of other members. According to the listed agenda of the Lok Sabha, the House will have a "special discussion on India's strong, successful and decisive Operation Sindoor in response to the terrorist attack in Pahalgam". (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
