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Light Combat Helicopter

Light Combat Helicopter: The Prime Minister handed over the indigenously-built Light Combat Helicopter (HAL’s LCH), two small drones (‘SWITCH 1.0 UAV’ and ‘MR-20) built by Indian start-ups to the Air Force. LCH is a truly ‘Make in India’ product built with private industry participation. LCH is a new addition to Hindustan Aeronautics Limited (HAL’s) helicopter […]

Special Credit Linked Capital Subsidy Scheme

Special Credit Linked Capital Subsidy Scheme: The Ministry of Micro, Small and Medium-sized Enterprises (MSMEs) launched the Special Credit Linked Capital Subsidy Scheme (SCLCSS) for the services sector. The scheme will help in meeting the technology-related requirements of enterprises in the services sector. It has a provision of 25% capital subsidy for procurement of plant […]

Cairn’s Offer On Retrospective Tax

Cairn’s Offer On Retrospective Tax: Moving quickly towards ending a retrospective tax dispute with a firm that gave India its largest oilfield, the government has accepted Cairn Energy PLC undertakings which would allow for the refund of taxes. The company will now be issued a ₹7,900 crore refund. In December 2020, a three-member international arbitral […]