Prime Minister Narendra Modi dedicated seven new Defence PSUs, carved out of OFBs, to the nation. These 7 new companies have been formed following the dissolution of the 200-year-old Ordnance Factory Board (OFB) w.e.f October 01, 2021. Under the OFB there were 41 factories and 9 ancillary bodies.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
Now, these factories will be distributed among the seven newly created companies. Also, the 70,000 employees of these OFBs will be sent to the seven new entities, with no change in the service condition of the employees.
The seven new defence PSUs includes:
India has many cities that are famous for their unique industries, and some of them…
Some deserts are extremely hot, but some remain cold throughout the year. These cold deserts…
In today’s world, news media plays a very important role in sharing information quickly and…
PNB Housing Finance has announced the appointment of Ajai Kumar Shukla as its new Managing…
In a major push towards deepening financial inclusion, the Department of Posts (DoP) and BSE,…
India’s retail inflation, measured by the Consumer Price Index (CPI), increased modestly to 0.71% in…