Arms purchase up, yet Army faces barrel crunch
The New Indian Express Jeypore|December 26, 2024
AT the time when the Indian Army is modernising its offensive capabilities, specifically in the Artillery and the Armoured Regiments, a Comptroller and Auditor General (CAG) audit exercise has reported "shortfall of barrels and breech mechanisms ranging from 30-100 per cent of the production capacity" during 2015-22. A delay in the supply of ammunition has also been noticed.
MAYANK SINGH @New Delhi

The CAG audit also found that augmentation of production capacity of large calibre weapons in ordnance factories "could not be completed (January 2023)", even though an expenditure of ₹292.32 crore (₹253.13 crore P&M + ₹39.19 crore civil works) was incurred.

The CAG has advised the Ministry of Defence and Defence public sector undertakings to "work out a revised time frame and put in place a strengthened monitoring mechanism to achieve project deliverables."

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The New Indian Express Jeypore

Wrestling continues to grapple for survival

ARLIER this month, a Greco-Roman wrestler from Railway Sports Promotion Board (RSPB), who was representing Rajasthan in the senior national championships in Bengaluru, got a few calls after he won the first bout.

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The New Indian Express Jeypore

Shahrukh, Mohamed help TN down UP

SHAHRUKH Khan's 85-ball 132 not out and Mohamed Ali's 76 not out (75 balls, eight fours, one six) powered Tamil Nadu to a massive 114-run win over Uttar Pradesh at Visakhapatnam in a Group D match of the Vijay Hazare Trophy.

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The New Indian Express Jeypore

Teen Konstas takes bowlers to cleaners on his Test debut

JASPRIT Bumrah had just welcomed Sam Konstas to Test cricket. The youngster, all of 19, walked in as the youngest ever Test opener to have played for Australia.

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December 27, 2024
The New Indian Express Jeypore

Top Gun 4: Oz batters foil India's plans

In front of record number of fans at MCG on Day 1, Australia top-four help

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The New Indian Express Jeypore

City pay penalty, Chelsea stunned

ERLING HAALAND had a second-half penalty saved as Manchester City's astonishing slump continued with a 1-1 draw against Everton at the Etihad Stadium.

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December 27, 2024
The New Indian Express Jeypore

₹21,367 cr lost in banking frauds in H1, up 8-times

THE number of bank frauds has seen a significant increase during the first half of the current financial year to 18,461 cases, according to the RBI report released on Thursday.

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1 min  |
December 27, 2024
The New Indian Express Jeypore

HC bars websites from copying RummyCircle

THE Delhi High Court has passed an order of interim injunction restraining defendants-impugned websites from using the RummyCircle trademark or any other similar trademark in their domain name and social media posts.

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1 min  |
December 27, 2024
The New Indian Express Jeypore

Govt Could Reduce Income Tax Rates in Budget

AMID outcry over the growing tax burden on the middle class, the government might reduce income tax rates for individuals earning up to ₹15 lakh a year, according to a report by Reuters.

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1 min  |
December 27, 2024
The New Indian Express Jeypore

Bank balance sheets robust as NPAs decline

RBI report says continuing focus on cleaning up books has led to gross bad loan ratios dropping to 13-year lows

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3 mins  |
December 27, 2024
The New Indian Express Jeypore

Rupee declines for 3rd straight session, hits low of 85.26

THE rupee continued to bleed for the third consecutive day on Thursday, pressured by a firm dollar and importers' month-end dollar demand.

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1 min  |
December 27, 2024