Initial allocation of Rs 82,576.57 cr was reduced to Rs 63,669.93 cr in revised estimates. House panel has recommended ministry probe reasons, take corrective measures to utilise funds.
Union Budget announcement aligns with Modi govt's continued focus on improving urban infrastructure for sustainable development of cities. Rs 10,000 crore proposed for 2025–26.
IndiGo showed how a single point of failure can ripple across a sector. In defence, where there is no external fallback, the consequences are far more serious.
With the US-India trade deal yet to get done, rupee depreciation may be helping to mitigate India’s loss of competitiveness. The other problem is extreme despondence among overseas equity investors.
Of the total package, $649 million will be utilised for additional hardware, software, and support services, and the remaining for Major Defence Equipment (MDE).
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
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