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.
Following the transaction which is expected to be completed by November, Dassault Reliance Aerospace Ltd will become an associate company, with Reliance retaining a 49% stake.
In its toughest time in decades because of floods, Punjab would’ve expected PM Modi to visit. If he has the time for a Bihar tour, why not a short visit to next-door Punjab?
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