India: Invest in defence modernisation

The only surprise in the defence budget was no surprise: static, in real terms, a negative budget for modernization- the litmus test of capability enhancement for maintaining deterrence in order to meet

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Benefits of Demonetisation Now Lost in India

In November 2016, Indian Prime Minister Narendra Modi sprang surprised the countrymen by announcing the demonetisation of high-value currency notes.  After announcing the decision,  Mr. Modi spoke to the surprised and confused

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