Sitharaman, Jaitley explain Cabinet colleagues nuclear triad, currency swap with Japan

Image
Press Trust of India New Delhi
Last Updated : Nov 08 2018 | 9:35 PM IST

Defence Minister Nirmala Sitharaman and Finance Minister Arun Jaitley Thursday briefed their Cabinet colleagues on the advantages of India achieving a 'nuclear triad' and the signing of a currency swap agreement with Japan, highly-placed sources in the government said.

The brief took place here after the Cabinet meeting was over, they said.

The ministers, in the presence of Prime Minister Narendra Modi, were briefed about how significant and advantageous the two issues are for India.

The briefing would help ministers put forth the views of the government on the two issues in a comprehensive manner, the sources explained.

Marking the country's nuclear triad, Indian nuclear submarine INS Arihant, or the "destroyer of enemies" has successfully completed its first deterrence patrol.

Modi had described it as a fitting response to those who indulge in "nuclear blackmail".

He had also made it clear that "Our nuclear arsenal are not a part of an aggressive policy, but it is an important means for peace and stability. Peace is our strength, not our weakness. Our nuclear programme must be seen with regard to India's efforts to further world peace and stability."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 08 2018 | 9:35 PM IST

Next Story