Modi govt has spent Rs 19.3 lakh crore in 5 years on infrastructure. To meet the manifesto promise, it would need to spend over 5 times that amount per year.
IL&FS failed to service principal and interest on loans from banks, inter-corporate deposit and commercial papers totalling 33.9 crore rupees due for the period from Sept 30 to Oct 4
The leaders of the new establishment, including Mohammad Yunus, should realize by now the danger of their single-minded focus on eradicating Sheikh Hasina’s Awami League.
It will be tough for Reserve Bank of India Governor Sanjay Malhotra to get right. Rupee is the worst-performing Asian currency this year against the dollar.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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