Explanation:

• Defence Minister Rajnath Singh attended the joint meeting of the Defence Ministers of the Shanghai Cooperation Organization (SCO), Commonwealth of Independent States (CIS) and the Collective Security Treaty Organization (CSTO) in Moscow. Russia on 4 September 2020.
• During his visit, Rajnath Singh, on behalf of India finalised a major deal with Russia on 3rd September 2020 for the manufacturing of AK-47 203 rifles.
• The deal says that the Indian Army has a requirement of 7,70,000 AK-47 203 rifles. Of this total number, 1,00,000 will be imported and the rest will be manufactured in India.
• The AK-47 203 is the latest and most advanced version of the AK-47 rifle.
• It will replace the Indian Small Arms System (INSAS) 5.56×45 mm assault rifle.