Philippine defence secretary Delfin Lorenzana, who signed the contract with BrahMos Aerospace chief Atul Dinkar Rane, said the supersonic missiles will "certainly beef up the firepower of the Philippine Navy".
Lorenzana added the BrahMos missiles will provide “deterrence against any attempt to undermine our sovereignty and sovereign rights, especially in the West Philippine Sea"- the official designation for the eastern part of the South China Sea included in the Philippines' exclusive economic zone and claimed by China.
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RBI approves ₹30,307 cr FY22 dividend to Centre
The Reserve Bank of India (RBI) on Friday approved a dividend payment of ₹30,307 crore to the Centre for the fiscal year ended March 2022, sharply lower than the government's expectations.
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