Q. Why is this in news?
A. The Bill was recently passed by the Lok Sabha.
Q. What are the Highlights of the Bill?
A.
Q. Why was this bill necessary?
A. In June the government announced the corporatisation of the Ordnance Factory Board.
Q. Who will it affect?
A. It has a direct bearing on around 70,000 employees of the 41 ordnance factories around the country, who are unhappy with the corporatisation of OFB, fearing that it will impact their service and retirement conditions.
Q. Why does OFB and its production matter?
A. The ordnance factories form an integrated base for indigenous production of defence hardware and equipment, with the primary objective of self-reliance in equipping the armed forces with state of the art battlefield equipment.