It is estimated the deal would eventually work out to cost around $9 bn at least for 6 submarines—negotiated down by India. Original bid by state-run MDL & TKMS was over Rs 1.2 lakh cr.
German Ambassador Ackermann says it is not only about defence production but also joint exercises like frigates coming to India, and more exchanges between armed forces of both countries.
With eye on rural votebank, Telangana budget raises allocations for farmers, power & welfare schemes, while introducing new initiatives and relying on borrowings to fund growth.
Rating democracies is a tricky business. I am only using the simple metric of who in the Indian subcontinent has had the most peaceful, stable, normal political transitions and continuity.
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