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Modi’s defense budget leaves gaping holes for military

Platitudes over the Indian government’s budget for the 2018-19 fiscal year are coming in thick and fast from the usual suspects. It is being described by some as reformist, a master stroke, agriculture-friendly, health-care-friendly, hailing Finance Minister Arun Jaitley as the key protagonist. There is also criticism, however, including talk of indexation in capital gains […]