Govt makes it mandatory for armed forces to source military hardware locally

The armed forces will have to source military hardware under the modernisation drive from the domestic industry and their import should only be an exception, the defence ministry said on Monday,......

Petrol, diesel prices drop as govt cuts excise duty

Under pressure, the government on Saturday cut excise duty on petrol by a record Rs 8 per litre and that on diesel by Rs 6 per litre to give relief to consumers battering under high fuel prices......