The Navy’s original plan was to procure the 127 mm guns from the Italian firm Oto Melara, but the deal got stuck due to the VVIP chopper scam.
US-manufactured guns were shortlisted after Modi govt decided not to deal with VVIP chopper-scam tainted Finmeccanica, the main supplier of guns to the Navy.
It may be fear of recession that’s driving today’s obsession with all things early ‘90s. The period was characterised by a dismal economy and large-scale unemployment.
The S&P BSE Sensex Index has fallen more than 15% from its October high, nearing the 20% loss that denotes a bear market.
These registrations pertain to the Indian Air Force's Agniveer Vayu programme. The online portal for the first phase was opened at 10 am Friday, and will close on 5 July.
Modi govt's biggest flaw has been its disinclination to accept limitations of electoral majorities. This ruined land acquisition and farm reform, stalled labour codes.