Lack of expertise, research and interest among parliamentarians, existence of lobbies, political opportunism have led to the current impasse in defence deals.
In all high-ticket defence deals, it may be prudent for the government to brief a compressed Parliamentary Committee for Defence, regarding the nuances of the contract.
Party accuses the BJP government of promoting financial interests of ‘crony capitalist friends’, says deal signed with France has caused huge loss to exchequer.
The Narendra Modi government has invested too much time and capital to further its political conquest. Today's crisis shows it may be left with too little time in this term to refocus on governance.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
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