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Thu 23rd of November 2017

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Centre clears mega project to acquire 111 helicopters for Navy

The long-pending proposal was cleared at a meeting of the Defence Acquisition Council, chaired by Defence Minister Nirmala Sitharaman, official sources say.

In a major move, the Defence Ministry on Tuesday approved procurement of 111 utility helicopters for the Indian Navy at a cost of 21,738 crore. The long-pending proposal was cleared at a meeting of the Defence Acquisition Council (DAC), chaired by Defence Minister Nirmala Sitharaman, official sources said.

They said, 16 helicopters will be procured at a fly away condition while 95 will be manufactured in India. The acquisition of the helicopters will be made under the strategic partnership model.

The cost of the project will be 21,738 crore, the sources said. The government will now start the process to identify a foreign helicopter maker and an Indian defence firm for a joint venture for the project. In May, the government had unveiled the strategic partnership model under which select private firms will be roped in to build military platforms such as submarines and fighter jets in India in partnership with foreign entities.

The procurement of the helicopters will be the first major acquisition project under the new model.

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Prelims Question of the Day

With reference to 'Natural Rate of Unemployment', consider the following statements.

1. It is the level of unemployment in an economy that is just consistent with a stable rate of Inflation.

2. It is the unemployment that prevails when all markets in the economy are in equilibrium.

 

(a)1 and 2

(b)2 only

(c)1 only

(d)None of the above

Mains Question of the Day

1.GS-No party in power can afford to ignore Directive Principles of State Policy. Comment.(200 Words)

2.Political Science - Explain the role of non state actors, like IMF, World Bank, European Union and MNCs, in modulating and transforming the broad dynamics of international relations. (250 Words).

3.SOCIOLOGY - What is the impact of Globalization on the structure and mobilization of the working class in India? (250 Words).

Sociology - Thinkers