What good are submarines without torpedoes

How will the navy's six Scorpenes fight, when their primary weapon -- the Black Shark torpedo -- is blocked by a ministry of defence ban on the company chosen to supply these? This gloomy scenario......

All fiscal deficits are not evil

There is a case for analysing the fiscal deficit, separately for expenditure and investment, says A V Rajwade. Earlier this week, the Reserve Bank of India came out with yet another mechanism to......