Bombay HC: Insolvency Cannot be Used to Evade a Family Court’s Maintenance Order  ||  Kerala HC: Forklifts and Factory Cranes Are Motor Vehicles and Must be Registered under MV Act  ||  Guj HC: Edible Crude Palm Kernel Oil Qualifies for Duty Exemption; End-Use Condition not Applicable  ||  NCLAT Delhi: Advance under Land-Development MoU is not Financial Debt and Cannot Trigger CIRP  ||  NCLAT: NCLT Cannot Change Capital Structure of a Legally Compliant Successful Auction Purchaser  ||  Supreme Court: Endless Investigation and Long Delay in Filing Chargesheet Can Justify Quashing Case  ||  SC: Landowners Accepting Compensation Settlements Cannot Later Claim Statutory Benefits  ||  Supreme Court: Provident Fund Dues Have Priority over a Bank’s Claim under the SARFAESI Act  ||  Supreme Court: Indian Courts Cannot Appoint Arbitrators for Arbitrations Seated Outside India  ||  Madras HC: Police Superintendent not Liable For IO’s Delay In Filing Chargesheet or Closure Report    

#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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