Supreme Court: Police May Freeze Bank Accounts under S.102 CrPC in Prevention of Corruption Cases  ||  SC: Arbitrator’s Mandate Ends on Time Expiry; Substituted Arbitrator Must Continue After Extension  ||  SC: Woman May Move Her Department’s ICC For Harassment by Employee of Another Workplace  ||  SC: Women’s Representation Requirement Applies to All Bar Associations in Gujarat  ||  SC: Contempt Power isn’t Judges’ Personal Shield nor a Tool to Silence Legitimate Criticism  ||  SC: Statutory Corporation Can Deduct under S.36(1)(viii) Only for Income from Long-Term Finance  ||  NCLT Kolkata: Costs for Compromise or Arrangement Scheme not Part of Liquidation Expenses  ||  NCLT Ahmedabad: Complaints Against Auditors or Company Secretaries Not Grounds for Company Probe  ||  SC: NCLT Can Forfeit Entire Deposit if Purchaser Defaults on Payment for Liquidation Assets  ||  Meghalaya HC: Non-Signatory or Non-Existent LLP Cannot Claim Arbitration via Group of Companies    

#Union Budget 2022-2023: Overview of Domestic Procurement and Development in Defence Sector - (01 Feb 2022)

DEFENCE

Union Budget earmarks 68% capital procurement budget for domestic procurement. Defence R&D will be opened up for start ups, private industry and academia. Independent nodal body to be set up. AI, geo spacial systems, drones, space economy, pharma has immense potential for sustainable development.

Tags : UNION BUDGET   DOMESTIC PROCUREMENT   DEVELOPMENT IN DEFENCE SECTOR  

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