India’s wheat production in 2025-26 is projected at 110 to 120 million tonnes after unseasonal rains and hailstorms damaged crops in major growing states. The government has raised its wheat procurement target to 34.5 million tonnes, even as exports remain allowed but are seeing slow shipments. A new open market sale scheme policy is expected soon.
India has poured billions into drones it largely doesn’t manufacture domestically, even as Indian-made systems find buyers overseas. The contrast raises questions about procurement choices, industrial capacity, and who actually benefits from defense and surveillance spending. With exports growing for some homegrown products, the mismatch between funding and production looks increasingly hard to ignore.
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State-run ONGC cancelled a jack-up rig tender after spotting unusual bid patterns and steep price hikes it suspects are collusive. The company says day rates rose almost 60% in nine months, far above market expectations. ONGC wants fair competition and to protect public money by tightening procurement integrity and preventing cartelisation.
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