Topic: arms race

Budget secrecy isn't needed for a number of reasons, and doing away with it would actually benefit India's policymakers.

The rupee was down 0.5% to the dollar and has been an underperformer among Asian peers. The offshore Chinese yuan was up 0.9%, leading Asian currencies higher.

The arms export embargoes on Moscow could create an opportunity for Beijing to supply arms to countries like Myanmar, which are heavily dependent on Russian arms.

Gujarat is the only state where Modi is directly in contention. Even if he wins, the team that runs him closest has much to gain.