Subhrakant Panda, who is currently the Senior Vice President of FICCI, shall succeed Sanjiv Mehta as President of the apex chamber at the conclusion of the 95th Annual General Meeting to be held on December 16-17, 2022.

While addressing FIBAC on Wednesday, Governor Shaktikanta Das said, "Yesterday, we launched the trial of our digital currency, Central Bank Digital Currency (CBDC) project. It was indeed a landmark moment in the history of currency in our country. Going forward, it will be a landmark moment. It will be a landmark achievement so far as the functioning of the entire economy is concerned."

New Delhi [India], May 10 (ANI): India-Oman joint commission meeting will be held in New Delhi on May 11. The meeting will be co-chaired by Commerce and Industry Minister Piyush Goyal and his Oman counterpart Qais bin Mohammed al Yousef.

New Delhi Dec 18 PTI India has very clearly conveyed to the US Russia France and many of its partner countries that military platforms and equipment required by the Indian armed forces to deal with myriad security challenges have to be manufactured in the country Defence Minister Rajnath Singh said on SaturdayReferring to regional geopolitical developments Singh said that God has given India some neighbours who do not feel good seeing its growth and that the one born out of the partition is becoming weak worrying about Indias developmentIn an address at the annual convention of the Federation of Indian Chambers of Commerce and Industry FICCI he said most of the countries in the world are friends of India including the US Russia and FranceIn this context he said India at the same time made it clear to them that the military hardware required by the Indian armed forces will have to be produced in the countryWe have told every friendly country thatwe want to produce the military platforms weapons and ammunition in India itself keeping in mind the security of the country he saidWe have conveyed this message to the US Russia France and others as well and we do not hesitate to communicate this message he addedThe defence minister said the message to the countries producing military equipment has been that Come Make In India Come Make for India and Come Make for the worldCiting an example Singh said following his talks with French Defence Minister Florence Parly on Friday it was agreed that a major French company will produce an engine in India by joining hands with an Indian company under the strategic partnership model He however did not elaborateSingh said India will maintain friendship with these countries but at the same time will not hesitate to push for the production of key platforms on Indian soilWe will maintain the friendship but at the same time make it clear that whatever military equipment weapons and ammunition are needed have to be produced in India the defence minister saidI tell it very clearly and with confidence And you will be happy to know that I get a positive response from them Singh saidThe defence minister also referred to the governments decision to not import 209 military equipment under a staggered timeline to promote the domestic defence industry and indicated that the items under the list may touch 1000When I talk about India Beyond 75 I believe that this positive list will be around 1000 items in this decade I am very positive about this he saidThe defence minister also talked about the need for fair competition between private and public sector companies and described the corporatisation of the over 200-year-old Ordnance Factory Board as the biggest reform in the defence sector after IndependenceAt present Indias defence and aerospace manufacturing market is worth Rs 85000 crores I believe it will increase to one lakh crore in 2022 he said The government has initiated a series of measures in the last couple of years to encourage the domestic defence industryIn August last year Singh announced that India will stop the import of 101 weapons and military platforms like transport aircraft light combat helicopters conventional submarines cruise missiles and sonar systems by 2024A second list putting import restrictions on 108 military weapons and systems such as next-generation corvettes airborne early warning systems tank engines and radars was issued a few months laterIn May last year the government announced increasing the FDI limit from 49 per cent to 74 per cent under the automatic route in the defence sector PTI MPB ANB ANB

New Delhi [India], December 18 (ANI): The size of India's defence and aerospace manufacturing sector will increase to Rs. 1 lakh crore in 2022 and surge further to Rs.5 lakh crore by 2047, when the country will celebrate 100 years of independence, from around Rs.85,000 crore in the current year, Defence Minister Rajnath Singh said on Saturday.

Gwalior (Madhya Pradesh) [India], December 11 (ANI): Stating that drone technology will bring significant changes in the world's economy, Union Civil Aviation Minister Jyotiraditya Scindia on Saturday informed it is a matter of pride that Madhya Pradesh is the first state in the country in advancing the use of drone technology at such a big scale.

New Delhi [India], December 3 (ANI): Boxing legend Mary Kom on Friday inaugurated the 'National Health Fest for Divyangjan - We Care" and felicitated athletes with intellectual disabilities who have won medals for India at the Special Olympics World Games in 2019, here in the national capital.

New Delhi [India], December 2 (ANI): Stating that the emergence of the Omicron variant of coronavirus is a reminder that the threat from COVID-19 still looms large, Uday Shankar, President, Federation of Indian Chambers of Commerce and Industry (FICCI) on Thursday urged the Centre to adopt a pan-India uniform policy to tackle the variant.

New Delhi [India], November 8 (ANI): Chief of the Army Staff, General Manoj Mukund Naravane, on Monday said that the Indian Army is undergoing rapid modernization and is increasingly looking at indigenous solutions for its operational needs.