Given the record of past blunders, under-achievements, vulnerabilities and the manifest influence of stigmatised capital, what India might get is yet another school for scandal.
Besides providing visibility to the investors, the NMP, a four-year pipeline, will serve as a medium-term roadmap for the asset monetisation initiative of the Modi government.
Navy had planned to become a 200-warship force. It cut down this number to 175. Security circumstances may now lead the Navy to recalibrate capital procurements.
Larger govt spending will ignite demand, and it will not add to inflationary pressures in these times, irrespective of the way it is financed, said Rajan.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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