The credit firm noted that adverse events may reduce the group's ability to refinance maturing debt over the next 1-2 years, while Fitch sees no immediate impact on its ratings.
Capital budget increased to Rs 1.62 lakh crore from 1.52 lakh crore. Navy, Army see substantial increase but allocation for procuring aircraft, aero engines goes down.
Most key Hindutva/RSS objectives have been achieved, and Modi & BJP now need social calm, at least till summer of 2024. A de-escalation of some sort is on.