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Guns and butter

Govt must review its military spending

India China
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India has also extended similar incentives to pharmaceutical businesses, and plans to cover more sectors, which may include automobiles, textiles, and food processing under the program.

Business Standard Editorial Comment Mumbai
It has been 10 days since the People’s Liberation Army clashed with Indian Army jawans in the Tawang sector of the Line of Actual Control (LAC), and the political furore as a consequence of the confrontation has not yet died down. Parliament has been repeatedly paralysed about the government’s response to the clashes, which the Opposition criticises as being too weak. Yet the fact is that the government is caught in something of a dilemma. It cannot at this point in time afford a high-profile clash with China along the LAC that would lead to an actual military test. The