Tag: Cabinet Committee

Advanced Medium Combat Aircraft

India Clears Project To Develop AMCA 5th Gen Stealth Fighter Craft

By LokMarg

In a major development, the Cabinet Committee on Security has cleared the project to design and develop the Advanced Medium Combat Aircraft fifth generation stealth fighter jet project to be undertaken by the DRDO.

Under the around Rs 15,000 crore project, Defence Research and Development Organisation’s Aeronautical Development Agency would develop the stealth fighter jet and its technologies in partnership with various private and public sector agencies and build around five prototypes in around five years, government sources told ANI.

The project would see the prototype manufactured by industry including the public sector unit Hindustan Aeronautics Limited, they said.

The government has been working towards the development of indigenous technologies and the military industry.

The Defence Ministry envisages that the fifth generation aircraft project would generate lakhs of jobs and the Indian Air Force orders can generate business worth lakhs of crores for Indian entities and also generate jobs at a mass scale.

The indigenous fighter aircraft projects have received a major boost from the Indian Air Force under the Narendra Modi government as the government has ordered over 200 Light Combat Aircraft along with clearance for engines for the LCA Mark-2 project.

The AMCA is expected to start getting inducted in operational roles beyond 2030 and the first two squadrons are planned to be powered by the GE-414 engines while discussions are still on to codevelop more powerful engines for the remaining squadrons.

India is likely to induct over 200 of these powerful fifth-generation fighters and the planes would also help India to develop future generations of fighter jets within the country. (ANI)

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Fair and Remunerative Price (FRP) of sugarcane

CCEA Decides To Increase Sugarcane FRP

By LokMarg

After the Cabinet Committee on Economic Affairs increased the Fair and Remunerative Price (FRP) of sugarcane, Prime Minister Narendra Modi said on Thursday that the government is committed to fulfilling every resolution related to the welfare of our farmer across the country.

“Our government is committed to fulfilling every resolution related to the welfare of our farmer brothers and sisters across the country. In this context, a historic increase in the price of sugarcane has been approved. This step will benefit crores of our sugarcane-producing farmers.,” PM Modi posted on X.

Earlier on Wednesday, the Cabinet Committee on Economic Affairs chaired by Prime Minister Narendra Modi approved the Fair and Remunerative Price (FRP) of sugarcane for Sugar Season 2024-25 at Rs 340 per quintal at a sugar recovery rate of 10.25 per cent. This was the historic price of sugarcane, which is about 8 per cent higher than the FRP of sugarcane for the current season (2023-24). The revised FRP will be applicable from October 1, 2024.

“At 107 per cent higher than the A2+FL cost of sugarcane, the new FRP will ensure the prosperity of sugarcane farmers. It is noteworthy that India is already paying the highest price of sugarcane in the world and despite that, the government is ensuring the world’s cheapest sugar for domestic consumers in Bharat,” a Cabinet Committee on Economic Affairs release said.

“This decision of the Central Government is going to benefit more than 5 crore sugarcane farmers (including family members) and lakhs of other persons involved in the sugar sector. It re-confirms the fulfilment of the Modi ki Guarantee to double farmers’ income,” the release said.

With this approval, sugar mills will pay FRP of sugarcane at Rs 340 per quintal at recovery of 10.25 per cent. With each increase of recovery by 0.1 per cent, farmers will get the additional price of Rs 3.32 while the same amount will be deducted on the reduction of recovery by 0.1 per cent. However, Rs 315.10 per quintal is the minimum price of sugarcane which is at recovery of 9.5 per cent. Even if sugar recovery is lesser, farmers are assured of FRP at Rs 315.10 per quintal.

According to the Cabinet Committee on Economic Affairs, In the last 10 years, the Government has ensured that farmers get the right price of their crops at the right time. 99.5 per cent of the cane dues of the previous sugar season 2022-23 and 99.9 per cent of all other sugar seasons are already paid to farmers leading to the lowest cane arrears pending in the history of the sugar sector.

With timely policy interventions by the government, sugar mills have become self-sustainable and no financial assistance has been given to them by the government since 2021-22. Still, the Central Government has ensured ‘Assured FRP and Assured Procurement’ of sugarcane to farmers, the CCEA said.

The FRP has been determined based on the recommendations of the Commission for Agricultural Costs and Prices (CACP) and after consultation with state governments and other stakeholders. (ANI)

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Indian Navy Cabinet Committee CCS

CCS Approves Rs 19,000 Cr Mega Indian Navy Deal For BrahMos Missiles

By LokMarg

In a mega boost for the Indian Navy, the Cabinet Committee on Security has cleared the acquisition of over 200 BrahMos extended-range supersonic cruise missiles for deployment on its warships.

The deal worth around Rs 19,000 crore was cleared in a meeting held on Wednesday evening, top government sources told ANI.

The contract is set to be signed in the first week of March between the BrahMos Aerospace and Ministry of Defence.

The BrahMos is the main weapon for anti-ship and attack operations for the Indian navy warships which have been regularly firing the weapon system.

The BrahMos Aerospace is a joint venture of India and Russia and produces supersonic cruise missiles that can be launched from submarines, ships, aircraft, or land platforms.

The BrahMos missile has been indigenised in a big way by the BrahMos corporation and more parts are being indigenised.

The BrahMos missile is also set to be exported soon to the Philippines which is its first global customer.

Many countries in the Southeast Asian region have started showing serious interest in the missile system for deployment in multiple ways.

Brahmos Aerospace, headed by Atul Rane, is also working towards achieving the USD 5 billion export target set by Prime Minister Narendra Modi. The BrahMos Chairman had stated that after the first export deal with the Philippines at 375 million dollars, his team was targeting USD 5 billion by 2025.

The Indo-Russian joint venture company had conducted test firings of the missile with a high level of indigenous content, and the missile is being equipped with an indigenous seeker.

The BrahMos missile system sale to the partner countries is also set to open many more windows for other successful weapon systems like the Akash, ATAGS howitzers and other equipment from the Indian industry.

This Indian defence industry is also working on improving its hardware quality to match global competition and achieve success in export markets.

Indian systems are also being showcased in foreign countries and some of the public sector units have also opened up offices in prospective markets for sales and support. (ANI)

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