India has emerged as a rare bright spot for deal-making this year, thanks in large part to $19.5 billion of investments in Mukesh Ambani’s technology ventures.
Despite Covid pandemic, India emerged a prime destination for businesses, with more than 15 companies investing here between April and July, according to Ministry of External Affairs.
India’s largest life insurer LIC has assets of over Rs 31 lakh crore. But value of its investments in firms like New India Assurance, HAL & IDBI Bank has halved.
Sitharaman’s best option to find funds is to recycle public assets, something Australian states have successfully achieved with power grids and other assets.
Congress MLAs Roshan Baig and Zameer Ahmed Khan, who are known rivals, have denied any connection with the alleged Bengaluru con, which affected over 35,000 people.
India should have secured greater savings by pressing Russia for prices nearer the cap while sustaining high volumes. This would have preserved strategic autonomy and served economic logic.
One such website has drawn particular scrutiny for spreading fake stories that have upset not only the Indian but also foreign defence firms by falsely attributing misinformation.
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