Portfolio capital has been moving out of India, and the rupee fell 13 per cent in value despite active RBI intervention, even as rising energy prices affect the trade balance.
Portfolio capital has been moving out of India, and the rupee fell 13 per cent in value despite active RBI intervention, even as rising energy prices affect the trade balance.
The best argument for LNG in emerging Asia is that it isn’t an energy source at all. Instead, it’s best seen as a raw material for fertilizer & oil refining & a source of heat.
Move effectively doubles last year’s 10 percent cut to the 800-odd general and flag officer positions; targets ‘redundant force structure’ and refocus on frontline soldiers.
COMMENTS