Spending News
Ajai Shukla: Dragon soup for the Indian soul
On Sunday Beijing announced that it would raise defence spending this year by 11.2 per cent to 670 billion yuan (Rs 5.26 lakh crore). This is thrice India's allocation of Rs 1.64 lakh crore for the current year, and one-fifth America's allocation of $530 billion (Rs 26 lakh crore) for 2013. Many wonder how a rising and assertive superpower, with the world's largest military in the People's Liberation
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