Three months after the National Democratic Alliance (NDA) was swept to power at the centre in the general elections held in April–May 2014 to the 16th Lok Sabha (the lower house of the Indian Parliament), the Standing Committee on Defence was constituted under the chairmanship of Major General B.C. Khanduri (Retd.), former Chief Minister of the northern state of Uttarakhand and a prominent member of the Bharatiya Janata Party (BJP), which is the main constituent of the NDA.
FDI in Defence: Need for Liberalisation and Simplification
The government should set up a task force to engage with potential investors and investees and evolve a simplified FDI policy, which has different slabs for different kinds of activities and is free from terms and conditions that are difficult to understand and implement.