Current Affairs – March, 2015

Latest Current Affairs March, 2015 with Current Affairs, news summary on current events of National and International importance of March, 2015 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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DAC gives nod to MCMV project

Defence Acquisition Council (DAC) on 28 February 2015 gave approval for afresh Mine Counter Measure Vessel (MCMV) project worth over Rs 32,000 crore.

This decision was taken by DAC meeting chaired by Defence Minister Manohar Parrikar.

MCMV project will built specialized vessels for the Indian Navy as per Make in India policy at Goa Shipyard Limited (GSL) in collaboration with a foreign manufacturer. These ships will weigh around 600 to 1,000 tonnes and will be used to dismantle antiship mines.

DAC also gave approval for

  • Buying one C-130J medium transport aircraft for the Indian Air Force (IAF) at a cost of Rs. 530 crore. This aircraft will replace a C-130 J which had crashed in 2014 near Gwalior.
  • Buying 38 more Pilatus trainer aircraft from Switzerland a cost of Rs. 1,500 crore. These trainer aircraft will train IAF fighter pilots.

It should be noted that DAC is the apex body for clearing defence procurement proposals forwarded by the Indian Army, Navy and Air Force.

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