New Delhi: The Reserve Bank of India (RBI) and Bank of England (BoE) have signed a Memorandum of Understanding (MoU) to cooperate and exchange information regarding the Clearing Corporation of India (CCIL).Notably, CCIL is an entity regulated and supervised by RBI.The Indian High Commission in London informed in a press release that the MoU was signed by RBI Deputy Governor T Rabi Sankar and BoE

Delays persist in delivering Lada-class submarines due to technical issues and sanctions impacting Western equipment procurementThe Russian Navy has recently expanded its naval fleet with the delivery of the Varshavyanka-class submarine Mozhaysk, accompanied by two formidable nuclear-powered vessels – the Borei-A-class Emperor Alexander III and the Yasen-M-class Krasnoyarsk. While the recent

The Nashik unit of the Hindustan Aeronautics Limited (HAL) will soon start contributing to the production of Light Combat Aircraft (LCA) TEJAS in the country. The HAL spokesperson in Bangalore, confirmed that the work has started in this regard and at least eight TEJAS aircraft will be produced annually at Nashik. It was also confirmed that the set-up is already available at HAL, Nashik and it

The Astra missile is an air-to-air missile that has attracted global attention. India’s Bharat Dynamics Limited aims to become a global leader in missile and weapon system manufacturing. India has also started the Integrated Guided Missile Development Program (IGMDP) to become self-reliant in missile development.Self-reliance in air launched missiles and particularly in Beyond Visual Range