23 March 2019 Current Affairs:
The Rs 500 crore proposal comes shortly after the Defence Ministry cleared the acquisition of assault rifles and signed a joint venture with Russia to manufacture AK-203 rifles for the infantry units of the Indian Army.
The new hand grenades will replace the existing inventory, HE-36 grenades manufactured by the Ordnance Factory Board.
The multi-mode grenades have been developed by the Defence Research and Development Organisation (DRDO).
Recently, the government also signed a contract worth Rs 700 crore for procurement of 70,000 Sig Sauer assault rifles with a US manufacturer.