It takes 8-10 years for a selection process to be carried through while the defence services wait. Indeed, in the end, there may be no acquisition at all.
A simulator for the aircraft had been installed in 2012, but could not be used for training because IAF & manufacturer couldn’t finalise a usage contract.
Perhaps the present crisis and trauma can force our country into something resembling that special moment we found in the sixties. Perhaps we can radically alter our business environment.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
The principle enunciated in the argument made by the CAG is sound and logical. However, I would like to make one modification in the above argument. If the off-budget borrowings made by the government is the continuing practice, then the government will have outstanding payables to government owned entities in the beginning as well as at the end of the fiscal year. The government will have to clear the dues outstanding in the beginning of the year during that fiscal year, though the expenditure pertained to the previous year but was not accounted for in that year, By this logic, it is the the difference between the dues outstanding in the beginning and the dues outstanding at the end of the year that needs to be accounted for. Thus impact on the fiscal deficit will be significantly lower than what is stated in the CAG report. Not surprisingly, the presumably higher level of fiscal deficit has hardly made any impact on the inflation numbers, which continue to be moderate.
This fudge is pointless. It does not carry conviction with the people who really matter. Deep pocketed investors, the rating agencies. Expect Surjit Bhalla & Co to go blue in the face, arguing the establishment case.
The principle enunciated in the argument made by the CAG is sound and logical. However, I would like to make one modification in the above argument. If the off-budget borrowings made by the government is the continuing practice, then the government will have outstanding payables to government owned entities in the beginning as well as at the end of the fiscal year. The government will have to clear the dues outstanding in the beginning of the year during that fiscal year, though the expenditure pertained to the previous year but was not accounted for in that year, By this logic, it is the the difference between the dues outstanding in the beginning and the dues outstanding at the end of the year that needs to be accounted for. Thus impact on the fiscal deficit will be significantly lower than what is stated in the CAG report. Not surprisingly, the presumably higher level of fiscal deficit has hardly made any impact on the inflation numbers, which continue to be moderate.
This fudge is pointless. It does not carry conviction with the people who really matter. Deep pocketed investors, the rating agencies. Expect Surjit Bhalla & Co to go blue in the face, arguing the establishment case.