- Indian Defense Minister AK Antony said that 92% of the ministry’s capital account for the current fiscal year were already spent. That makes sense 11 months into a fiscal year that ends on March 31st, but the Rafale deal won’t be finalized by then. With elections coming in April-May for the Lok Sabha (lower house), this will likely be the next government’s problem. Pervasive corruption is one of the election’s hot issues, and led to the Aam Aadmi Party’s meteoric rise within just a year of its birth.
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