Ahead of Macron’s visit, DAC likely to meet next week to approve deal for 114 Rafales India's Defence Acquisition Council is set to consider a major proposal to purchase 114 Rafale fighter jets from France for approximately Rs 3.25 lakh crore. This significant procurement, with a substantial portion to be manufactured in India, aims to bolster the Indian Air Force's fighter squadron strength amidst rising regional security concerns. #lakh_crore #fighter_jets #Defence_Acquisition #Acquisition_Council #Rafales_India #India_Defence #Rafale_fighter #approve_deal #major_proposal #Indian_Air
Railways lowers target for passenger revenue, may earn less from freight too In the freight segment, the ministry has estimated earnings of around Rs 1.88 lakh crore in FY27, the same as the BE of FY26 and about 6% higher than the RE of the current fiscal year. Data also show that railways are likely to end up generating around Rs 1.78 lakh crore by March, around 5.5% less than the target set for the current year. #lakh_crore #freight_segment #passenger_revenue #estimated_earnings #fiscal_year #current_fiscal #Railways_lowers #lowers_target #current_year #freight
Evening news wrap: PM Modi hails Union Budget 2026–27 as ‘historic’; Capital expenditure rises to Rs 12.2 lakh crore & more Prime Minister Modi lauded the Union Budget 2026-27 as "historic," outlining a roadmap for a Viksit Bharat by 2047 and boosting India's reform agenda. The budget, presented by Finance Minister Sitharaman, prioritizes infrastructure and manufacturing with increased capital expenditure, while opposition parties criticized it as lacking substance and ignoring key national crises. #Viksit_Bharat #Prime_Minister #Minister_Modi #Union_Budget #hails_Union #boosting_India #India_reform #Modi_hails #lakh_crore #Modi_lauded
