Finally! I'm late to post but you will certainly be pleased to know. The MoD signed a contract with HAL for additional 97 Tejas Mk1A aircraft (68 fighters & 29 twin seaters) with associated equipment for the IAF at ₹62370 Cr (excl. taxes).
🚨 "Our GDP today is around ₹330 lakh crore, of which about ₹202 lakh crore is consumption. Even if consumption rises by just 10%, it would mean an additional ₹20 lakh crore contributing to GDP" - Minister Ashwini Vaishnaw on GST reforms.
Biggest move: Individual life & health insurance to be exempt from GST (previously 18%). A tax that should never have been applied. Meltdown of insurers will begin shortly. ndtv.com/india-news/ind…
GE will be ramping up F404 Engine Production to 24 engines that's two per month from 2026 onwards.
97 Tejas MKIA Production will start from 2028 onwards.
So according to reports, acquisition of the 97 Tejas Mk1A at an estimated cost of ₹62000 crore has been cleared. Besides, the number for the future procurement of the LCA Mk2 reportedly stands at 200!
aninews.in/news/national/…
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