New Delhi, Feb 1 (IANS) The 15 per cent hike in defence sector allocation in Budget 2026-27 will not only help modernise the armed forces and finance their regular requirement but also cater for the financial requirements that have arisen due to the emergency procurement of arms and ammunition made subsequent to Operation Sindoor under both the categories — Capital and Revenue, the government said on Sunday.In the Union Budget, defence services have received an unprecedented allocation amountin…
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Seoul, Jan 2 (IANS) Bank of Korea (BOK) Governor Rhee Chang-yong on Friday projected the economy, when excluding the information technology (IT) sector, to grow 1.4 percent this year, forecasting widening disparities across sectors.”The IT sector is expected to lead growth this year on the back of a global semiconductor upcycle. If we exclude its contribution, economic growth would be limited to 1.4 percent,” Rhee said in his New Year’s address, reports Yonhap news agency.In its latest outlook r…