India’s August trade deficit is likely to remain at $17-$18 billion, while Fed reserve is set to raise rates again, both of which will weigh on the rupee.
FM Sitharaman also announced the govt will set up 5 university townships in the vicinity of major industrial logistics centres, and set up or upgrade 4 Telescope Infrastructure.
The surge in capital budget considers a slew of mega contracts set to be signed next fiscal, including the one for 114 Rafale jets for the Indian Air Force.
The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.
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