The liberalisation of the Arms rules will encourage investment in the manufacturing of arms and ammunition and weapon systems
GN Bureau | October 30, 2017
The home ministry has liberalised the Arms rules to boost Make in India manufacturing policy.
The liberalisation of the Arms rules will encourage investment in the manufacturing of arms and ammunition and weapon systems.
The salient features of the liberalised rules are:
(i) The licence granted for manufacturing shall now be valid for the life-time of the licensee company. The requirement of renewal of the license after every 5 years has been done away with.
(ii) Similarly, condition that the small arms and light weapons produced by manufacturer shall be sold to the central government or the state governments with the prior approval of the ministry of home affairs has been done away with.
(iii) Further, enhancement of capacity up to 15% of the quantity approved under licence will not require any further approval by the government. The manufacturer will be required to give only prior intimation to the licensing authority in this regard.
(iv) The licence fee has been reduced significantly. Earlier the licence fee was Rs. 500/- per firearm which added up to very large sums and was a deterrent to seeking manufacturing licenses. The licence fee will now range from Rs. 5,000/- to the maximum of Rs. 50,000/-.
(v) The fee for manufacturing licence shall be payable at the time of grant of license rather than at the time of application.
(vi) Single manufacturing licence will be allowed for a multi-unit facility within the same State or in different States within the country.
Read the notification for the Arms (Amendment) Rules, 2017
Contrast prime minister Narendra Modi’s first Independence Day speech in 2014 with his latest, the first in the second term, and you know the difference. His first speech was less about future and much about the basic needs like Swachch Bharat (clean India). His speech on Thursday, on the other hand,
With Mumbai city battling myriad civic issues and annual flooding year after year, stakeholders and experts came together to discuss ways of dealing with these issues as community work. The discussion was held at the TEDxVersova Salon- Vibrant Civic Participation, an independent TED event organized by the
Addressing the nation from the ramparts of the Red Fort for the first in his second term, prime minister Narendra Modi highlighted the new beginnings his government has made in recent days, and underlined the hopes of a new India in the making. “Things that could not happen in the past
India has told China that the legislation changing the status of Jammu and Kashmir was “an internal matter. External affairs minister S Jaishankar, visiting China Monday, told foreign minister Wang Yi that the legislative measures were aimed at promoting better governance and socio-ec
When considering climate change, one of the greatest threats before the humanity, discussions usually focus on air and water, but land too is affected by and in turn affects global warming as much as those two elements. A new report from the Intergovernmental Panel on Climate Change (IPCC), out early Augus
To revive bus ridership, the BMC-run Brihanmumbai Electric Supply and Transport (BEST) reduced its bus fares in Mumbai to minimum Rs 5 for non-AC buses as against Rs 8 earlier for the first five kilometres and capped maximum fare at Rs 20. For its AC buses the minimum fare has been brought down from Rs 20