H1 FY25 FINANCIAL RESULT HIGHLITS
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Arun Jaitley says armed forces’ demands for more funds to be accepted in Union Budget

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Ministry of Defence
Ministry of Defence

The “slow pace” of acquisition of weapon systems is a matter of concern and the new government will work towards “expediting” the procurement process to meet the requirements of the armed forces, Defence Minister Arun Jaitley said here today.
After attending the Naval Commanders’ Conference, he hinted that demand of the armed forces for more funds in the Union Budget was likely to be accepted as the “entire resource of the country, notwithstanding various pressures, has to make available a significant amount for those in defence of the country”.
“The key subject matter of concern appears to be the slow pace of acquisition of whatever equipment and assets are required. The Navy has highlighted that…. Hope of the forces is that their requirements should be fulfilled and the process should also be expedited. The effort of the government would be to work in that direction,” Arun Jaitley said.
Talking to reporters after a detailed interaction with the top brass of the Navy at the commanders’ conference, the Minister said, “There are several decisions in the pipeline and I think there is a good case for these processes to be expedited.”
The Navy has several acquisition projects stuck for many years due to slow procurement process, including the Rs 6,000 crore 16 multirole helicopter project and the acquisition of torpedoes for the Scorpene submarines.
Its tender for acquiring six new submarines under Project-75 India, estimated to cost over Rs one lakh crore, is also stuck as the government has to alter a 1999 decision to build all future submarines only indigenously.
The Navy is also waiting for final clearance to acquire 16 mine countermeasure vessels from a South Korean firm which has been stuck after complaints were filed against the fairness of the process under the previous government.
On whether the new Government will do a full review of the defence acquisition process to expedite procurements, Jaitley said, “I would not use the word full review but even under the present procedures also, expediting processes is still possible. Every file need not move up and down indefinite number of times.”

GovTech India : The New Government is Serious About These 3 Things

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ravi shankar prasad_
ravi shankar prasad_

India’s new IT Minister Ravi Shankar Prasad spent a couple of hours listening to product startups and folks from ISPIRT yesterday. Earlier in the day, he spent time with the technology services companies.

The 3 key takeaways? Government is serious about

Broadband: The National Optical Fiber Network,  Local manufacturing of electronic goods and  E-governance reforms.

Read More : http://www.nextbigwhat.com/3-things-technology-new-government-serious-297/

 

MOD raises concerns over the cost escalation in jet deal

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Rafale fighter
Rafale fighter

As the French foreign minister Laurent Fabius met Indian political leadership, including prime minister Narendra Modi, pressing for sealing the multi-billion Rafale combat aircraft deal, New Delhi has raised serious concerns over the cost escalation of the fighter jet deal. Struggling to pay the heavy cost of the deal, the ministry of defence (MoD) is considering an option of down-sizing the deal from 126 to 80 fighter jets.

According to officials, who are privy to the development, defence ministry has asked the French government to revise the price structure because the deal has gone much beyond the expected lines. And during course of negotiations with the Dassault, which manufactures Rafale jets, the defence ministry has been asking for price revision. Due to difference of opinion, the cost negotiation committee, which was set up in February 2012 to work out the modalities for the deal, has not been able reach conclusion and the committee is yet to submit its report to the ministry.

Officials claim that in 2007, when the tender was floated, the cost of the programme was $12 billion. When the lowest bidder was declared in January 2012, the cost of the deal shot up to $18 billion (Rs1.08 lakh crore). And now with inclusion of transfer of technology, life cycle cost and creating assembly line, the deal has virtually cross whopping $20 billion.

A top official told dna that if the government signs the deal in the next couple of months, it has to pay advance payment of at least $1.5-2 billion (Rs.9- 12,000 crore) to Dassault. And for the newly-elected BJP-led NDA government will have to compromise on other defence equipment, as major chunk of defence budget will go in for the advance payment. And it is also believed to understand that new government is also not comfortable with the life cycle cost method adopted by the previous UPA-II government and even a senior BJP leader and former finance minister Yashwant Sinha had objected to the life cycle criteria.

“Cost escalations and disagreements over production sharing with Hindustan Aeronautics Limited(HAL) has led to the delay in freezing the contract. French have been asked to re-look at the price factor,”said an officer.

IAF officials maintain even if the deal is signed by the end this year, first lot of Rafale aircraft will arrive India by 2017. And by the time, IAF has to phase out its MiG 21 squadrons.

The air force is seeking to replace its ageing MiG-21s with a modern fighter and MMRCA fits between India’s hig-end Sukhoi-30MKIs and its low-end Tejas LCA lightweight fighter. The IAF has a sanctioned strength of 45 fighter jet squadrons. However, it only has 30 squadrons operational as old aircraft have been retired.

Eighteen of the 126 planes will be purchased directly from Dassault, while Hindustan Aeronautics Limited will manufacture the other 108 under a licence, at an upcoming facility in Bangalore.

Shortage of Officers in the Services

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Indian Army
Indian Army

Currently, the Indian Army is facing a shortage of 11,238 officers, a huge 24.1 percent of its authorization of 46,615 officers. The other two services face similar problems. The situation seems to be worsening as is evident from the fact that only 172 of the available 300 seats have been taken up for entry into the National Defence Academy (NDA) recently.

The current state of affairs is certainly a cause for major concern both for the government and the services. A number of studies have been carried out to identify reasons for under-subscription of the available vacancies. Unfortunately, most studies have concentrated on establishing linkages between tough service life and inadequate financial packages. They have concluded that the services are unable to attract suitable youth due to better emoluments offered by the corporate world. If these studies are to be believed, a massive hike in pay packets would solve the problem and attract youth in droves.

Kaspersky Internet Security rated 1st stood up to an independent 6 month test and took 1st place

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kaspersky labs
kaspersky labs

Kaspersky Internet Security was rated as the best protection solution following an endurance test carried out from September 2013 to February 2014 by the experts of the independent laboratory AV TEST. Kaspersky Lab’s product achieved top scores for malware detection while maintaining a lower system load than any other tested product.

AV-TEST’s endurance test is an extended study in which different internet security suites are tested over three two-month periods on three different operating systems — Windows XP, Windows 7 and Windows 8.1. This testing method helps to find the best solution by analyzing its effectiveness on a long- term basis, unlike traditional tests that can only demonstrate the capabilities of the protection at a given moment in time.

The experts evaluated 24 security suites from different vendors in three categories. The first category, Protection, tested the combined ability to detect a reference set of malware and to identify new pieces of previously unknown malware. The second one, System Load, demonstrates impact of the security suite on system performance and measures delays in the installation or execution of programs, website responses and data downloads. The last category, Usability, assesses the correct identification of legitimate programs and websites.

Kaspersky Internet Security suite boasted the best results over the six months of testing and was able to score 17.8 of a maximum possible total of 18 points. It got 6.0 out of 6.0 points in Usability and Protection categories, detecting 100 % of 60,000 known pieces of malware and identifying all of about 400 samples of zero-day malware in a real-world test conducted by visiting recently infected websites and opening suspicious e-mail attachments. Furthermore, Kaspersky Internet Security also got 5.8 out of 6 in System Load, beating its nearest rival by 0.3 points.

“Users of modern security suites don’t want to be disturbed either by viruses or by antiviruses. The solution’s ability to avoid excessive drain on system resources and avoid false positives is just as important as its primary function of detecting and neutralizing malware. Kaspersky Internet Security’s impressive results in this test reflect the optimal comfort level our customers enjoy in addition to unquestionable security for their systems,” commented Oleg Ishanov, Director Anti-Malware Research, Kaspersky Lab.

India & Israel discuss Defence Deals

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Military deals including a key missile development programme and procurement of two more AWACS aircraft are understood to have been discussed between India and Israel during Defence Secretary R K Mathur’s ongoing three-day visit to Tel Aviv.

The two sides have close defence ties and Israel is one of the largest weapons suppliers to India after Russia and has provided it with sophisticated systems such as the long-range radars for the anti-ballistic missile defence system and the Airborne Early Warning and Control Systems (AWACS) aircraft.

The Long Range-Surface to Air Missile (LR-SAM) project being jointly developed by the DRDO and the Israeli Aircraft Industries (IAI) has been delayed by several years due to some reasons and its status is understood to have been discussed by the two sides.

France concerned over delay in JV

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Flag Pins India France
Flag Pins India France

Even as France remained confident over a deal to supply 126 Rafale fighter jets to India, its foreign minister Laurent Fabius expressed concern over a prolonged delay of an Indo-French joint venture to develop short-range, surface-to-air missile (SR-SAM) project.

In 2007, India’s DRDO and France’s MBDA began talks on a Rs 30,000 crore project named ‘Maitri’ to jointly development and produce the short-range, surface-to-air missile. After six years of negotiations, in February 2013, a MoU to co-develop these SR-SAM was signed.

The venture aims to fill the capability gap of air defence with the Indian Air Force and Indian Navy; the Navy and the Air Force are estimated to require at least 100 Maitri systems each. Sources say that the signing of SR-SAM project will demonstrate the NDA government’s priority.

“The French delegation headed by their foreign minister raised concern over the delay of critical SR-SAM deal, which has been in limbo for years.

S N Tripathi gets additional charge as Chairman of Coir Board

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coir board
coir board

S N Tripathi IAS, a joint secretary in MSME Ministry, has been given additional charge as Coir Board chairman,on expiry of the tenure of the Chairman, Coir Board, a Statutory Body under the Ministry of MSME.

NBCC Navratna Status sees surge in share prices

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NBCC
NBCC

National Building Construction Corporation (NBCC) got the ‘Navratna’ status on Tuesday. The CPSE under urban development ministry saw a surge in its share price post the announcement. With this NBCC became the 15th company amongst 250 central public undertakings in the country. NBCC CMD A K Mittal said, “We, now, plan to increase our footprints in global market, beginning with Middle-East and CIS countries.”

NBCC provides civil engineering construction services in a wide gamut of projects of varied nature, complexities and at socio-political geographical locations, both at home and overseas, an official release said.

The company has been granted “Navratna Status” w.e.f. June 23, 2014 on the basis of its performance upon fulfilling the criteria prescribed by Department of Public Enterprises, NBCC said in a regulatory filing.

The stock opened at Rs 302 and touched a record high of Rs 332 on NSE. The counter has seen huge trading activity with a combined 1.19 million shares changing hands on the counter till noon deals on NSE and BSE.

Ram Sewak Sharma takes additional charge as Telecom Secretary

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Ram sewak Sharma
Ram sewak Sharma

Ram Sewak Sharma IAS, (JH 78) who is presently serving as IT & Communications Secretary, has been given additional charge of Secretary, Telecom

AMK Sinha takes additional charge as Chairman- Indian Oil Corporation

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Indian Oil Limited
Indian Oil Limited

In an Indian Bureaucracy PSU news update, Shri A M K Sinha has been entrusted the additional charge of the post of Chairman, Indian Oil Corporation Limited. He continues to discharge his function as Director, Planning and Business Development in  Indian Oil.

Gen KG Krishna as DG- Military Intelligence

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Indian Army
Indian Army

Veteran infantry officer Lt Gen KG Krishna on Monday took over as the new Director General of Military Intelligence succeeding Lt Gen RN Singh, who retired from service.

A Grenadiers Regiment officer, Lt Gen Krishna was serving as Additional Director General Military Intelligence in the Army Headquarters prior to his new appointment.