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Global Business News

The Economic Times

Global Business / The Economic Times

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Global defence majors hail Rs 7.85 lakh crore defence budget, strategic tax waiver

The nearly 22 per cent hike in capital budget combined with the government's decision to scrap basic customs duty on components and parts for production of civilian and other aircraft is being seen by the industry as a major move.

1 Feb 2026 8:37 pm