With the group’s attention focused on paying off its existing loans to retain financial credibility, funding ambitious new projects must take a back seat until finances stabilises.
Experts believe prices are likely to go down as harvest season approaches & assert that government must release strategic reserve in open market to enhance supply.
Capital budget increased to Rs 1.62 lakh crore from 1.52 lakh crore. Navy, Army see substantial increase but allocation for procuring aircraft, aero engines goes down.
If the political establishment responds to a situation like this as if it’s something that must only play out between a corporate & the market, it's coming of age of Indian capitalism.