CURRENT AFFAIRS

Detailed explanation-1: -The joint venture between India and Russia, Indo-Russian Rifles Private Limited (IRRPL), has started producing AK-203 Kalashnikov assault rifles at Korwa in Uttar Pradesh, according to Alexander Mikheev, Director General of Rosoboronexport of Russia. Last week, Army Chief Gen.

Detailed explanation-2: -The AK-203 is a 7.62×39 mm assault rifle that is based on the AK-47 design. It was developed by Kalashnikov Concern, a Russian firearms manufacturer, in collaboration with the Indian Ordnance Factory Board (OFB).

Detailed explanation-3: -Indo-Russian Rifles Private Limited, a joint venture of Russia and India, has started producing AK-203 Kalashnikov assault rifles at Korwa ordnance factory in Uttar Pradesh’s Amethi.

Detailed explanation-4: -Around 671, 000 AK-203 rifles (7.62Ã-39mm) will be manufactured at the Korwa Ordnance Factory in Amethi. India and Russia had, in 2019, inked an inter-governmental agreement under which the joint-venture Indo-Russian Rifles Private Limited (IRRPL) was formed.

Detailed explanation-5: -The ‘5, 124-crore deal was signed between India and Russia in December-the biggest defence deal between the two nations in recent time.