Parliamentary panel to review self-reliance, modernisation of Defence Public Sector Undertakings briefing today
New Delhi, July 8
The Parliamentary Standing Committee on Defence is expected to meet at 3 PM at the Parliament House Annexe in New Delhi on Wednesday to discuss the transformation of the Defence Public Sector Undertakings.
The Committee is chaired by BJP MP Radha Mohan Singh.
The meeting will witness a briefing by the representatives of the Ministry of Defence/DPSUs on the subject 'Review of Self-reliance and Modernisation of Defence Public Sector Undertakings (DPSUs) - Old DPSU'.
Earlier on July 2, the Parliamentary Standing Committee on Finance held an extensive review meeting with officials of the Reserve Bank of India (RBI) and representatives of the Institute of Chartered Accountants of India (ICAI) to assess the progress of India's Central Bank Digital Currency (CBDC), popularly known as the digital rupee
They also examined the broader regulatory and operational landscape surrounding virtual digital assets (VDAs).
The meeting assumes significance at a time when India is attempting to strike a balance between encouraging financial innovation and maintaining monetary and financial stability.
While the RBI has been steadily expanding pilot projects for its sovereign digital currency, privately issued cryptocurrencies and other virtual digital assets continue to pose regulatory, taxation and enforcement challenges.
The committee discussed what further policy interventions may be required to strengthen India's digital financial ecosystem while ensuring adequate safeguards for consumers, financial institutions and the broader economy.
On June 24, the Parliamentary Standing Committee on Defence heard the views of senior defence and Army officials on 'Role of Indian Army in ensuring defence of the Country'.
CDS Gen NS Raja Subramani and Army Chief Designate Lt Gen Dhiraj Seth were among the senior officials present.
The committee heard oral evidence from the representatives of the Ministry of Defence.
Sources said that officials informed the committee about various steps taken for technology adoption in line with modern requirements and the moves towards innovation.
Sources said that during the presentation, the officials also informed about the robust defence of India's borders, which cover diverse geographic domains and have specific requirements.
— ANI
Reader Comments
The digital rupee discussion is also critical. Moving towards CBDC while managing crypto risks shows India is serious about financial innovation with proper guardrails. Hope our defence sector gets similar forward-looking reforms.
I appreciate the effort, but let's be honest - how many times have we heard about 'modernisation' and 'self-reliance' in defence? Ground reality is different. The imported spare parts and foreign collaboration still dominate. Real change needs more than meetings, it needs execution 🤷♂️
This is a smart move. India's defence sector has huge potential for indigenous manufacturing. With Make in India push, DPSUs can become global players if they modernise properly. The border situation makes this even more urgent.
Good to see the parliamentary committee taking defence and digital economy seriously. These two areas will define India's future strength - military and financial. The dual focus of the committee shows holistic thinking. ✨
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