Latest News on Ofb
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Sep 18, 2019
Rajnath Singh says defence sector to contribute towards India becoming a $10 trillion economy by 2030The government's aim is to take the Indian economy to $10 trillion by 2030, said Defence Minister Rajnath Singh at the Society of Indian Defence Manufacturers Annual General Meeting.
Sep 05, 2019
OFB employees seek Prime Minister Narendra Modi's intervention against proposal to corporatise PSUThe OFB follows a cost-plus basis for pricing and its turnover was Rs 14,431 crore in 2018-19 with the main customers being the armed forces and the paramilitary forces.
Jun 21, 2019
Union Budget 2019: Size of budgetary allocation for defence reflects a country's ability to fund military activitiesThe defence outlay works out to just about 1.58 percent of the GDP for 2018-19, the lowest such figure since the 1962 war with China wherein it was 1.65 percent.