Sources say the government is looking to invest in equipment for the armed forces to boost capability in dealing with possible threats from across the border.
Army, Navy and Air Force were hoping for increased allocation as they are in the midst of a modernisation process, with several projects waiting to be kicked off.
A Parliamentary committee has expressed concern that India’s defence expenditure at 1.56 per cent of GDP in 2017-18 — down from 2.6 per cent in 2014-15 — is at its lowest since the 1962 war with China.
The Italian term sprezzatura—a studied nonchalance that conceals intention—best captures the spirit of Trump’s foreign policy so far. The pattern is unpredictability, transactionalism, and disruption as diplomacy.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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