BENGALURU — India is trimming defense spending for its current fiscal year, which ends March 31, but Defense Minister A.K. Antony says spending on operational preparedness will not suffer. “The government is passing through a difficult phase. The recession is affecting us. There will be a cut in the capital and revenue budget. However, we will not cut the expenditure on operational preparedness,” Antony said Feb. 6 at the kickoff of the 9th Aero India exposition in Bengaluru. For the ...
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