December 2016 Current Affairs

November 2016 Current Affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS

October 2016 Current Affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current Affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current Affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS

Union Government approves liberalised blacklisting norms for arms companies

Union Government approves liberalised blacklisting norms for arms companies
09 November 2016 Current Affairs: The Defence Acquisitions Council (DAC), under the Union Government, on 7 November 2016 approved the guidelines for suspension or banning of business dealings with arms companies.

With the passage of new guidelines, the Union Government will no longer impose blanket bans on armament companies suspected of corruption.

Highlights of the blacklisting norms : The armament companies will be blacklisted only for a year at a time, instead of the existing norm of 10 years at a go, with fast-track investigations into the charges against them.

The decision to blacklist a company will not be an executive one. It will be done in a collegiate manner by a committee which will also include the vice-chiefs of the Army, Navy and IAF.The operational implications of blacklisting a company will be considered before a final decision is taken. Blacklisting will be for a specific equipment or service, without blanket bans.

Under the new nuanced blacklisting norms, procurement of spares for platforms and equipment already purchased from a company under the scanner will be allowed. Moreover, companies already blacklisted will now also be able to appeal to the government for a review, based on merits of a case.

Moreover, blacklisting will be done for a specific period of not more than a year at a time, with the aim to complete investigations into the charges against a company within six months. 

This easing of the blacklisting norms will be a marked departure from the indiscriminate 10-year blanket bans imposed earlier. 

Presently, four major global firms like Singapore Technologies Kinetics, Israeli Military Industries, Rheinmetall Air Defence, Zurich, and Corporation Defence, Russia are blacklisted till 2022.

Major Approvals : The DAC also accorded initial approvals or acceptance of necessity to modernisation projects worth 82117 crore rupees. 

Tejas Light Combat Aircraft :  It accorded initial approval for procurement of 83 Tejas Mark-1A fighters from Hindustan Aeronautics for 50025 crore rupees.The improved 83 Mark-1A jets will be inducted from 2020 to 2026.IAF has inducted 2 Tejas till now. By 2018, it will get the 1st full squadron (20 jets).

T-90 Bhishma main-battle tanks :  It accorded initial approval for procurement of 464 T-90 tanks from Ordnance Factory Board (OFB) for 13448 crore rupees.

657 T-90S tanks were imported from Russia for 8525 crore rupees from 2001 onwards. Next 1000 tanks will be licensed by Avadi Heavy Vehicles Factory.New 464 tanks will add to 536 already ordered tanks from OFB (300 inducted till now).

Pinaka multiple-launch rocket systems :  It approved the tender for 6 more Pinaka regiments for 14633 crore rupees.Army has already inducted 2 of the 4 Pinaka regiments cleared earlier. Pinaka, with 40-km strike range, was developed by DRDO and was manufactured by Tatas and L&T.

Light Combat Helicopters : It provided initial approval for procurement of 15 helicopters from HAL for 2911 crore rupees It also provided approval to acquire 10 choppers for IAF & 5 for Army. Over 100 to be progressively ordered.

Mini-UAVs :  It accorded initial approval for procurement of 598 mini-UAVs for Army for 1100 crore rupees. Earlier, India rejected Raven/Cheel mini-UAVs being offered by the US. Now, tender will be issued to Indian companies for the mini drones. Man-portable drones, with operational radius of 10-km, will provide surveillance for infantry soldiers.

 


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



FreshersLive - No.1 Job site in India. Fresherslive Current Affairs 2016 section offers informative quiz questions with answers regarding latest current affairs today for all sorts of competitive exams like UPSC, TNPSC , IFS, IAS, IPS, railway exams (RRB) and banking exams like IPBS PO, IPBS clerk, Federal Bank PO, ICICI, SBI, RBI legal officer & Grade officer posts and much more. Register with us to get latest Current Affairs Updates. Also get latest Current Affairs news and quiz Updates for free alerts daily through E-mail

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.

Get Daily Current Affairs to your Email

You can Unsubscribe us at any time.