Don’t miss the latest developments in business and finance.

Sitharaman, Jaitley explain Cabinet colleagues nuclear triad, currency swap with Japan

Image
Press Trust of India New Delhi
Last Updated : Nov 08 2018 | 9:35 PM IST

Defence Minister Nirmala Sitharaman and Finance Minister Arun Jaitley Thursday briefed their Cabinet colleagues on the advantages of India achieving a 'nuclear triad' and the signing of a currency swap agreement with Japan, highly-placed sources in the government said.

The brief took place here after the Cabinet meeting was over, they said.

The ministers, in the presence of Prime Minister Narendra Modi, were briefed about how significant and advantageous the two issues are for India.

The briefing would help ministers put forth the views of the government on the two issues in a comprehensive manner, the sources explained.

Marking the country's nuclear triad, Indian nuclear submarine INS Arihant, or the "destroyer of enemies" has successfully completed its first deterrence patrol.

Modi had described it as a fitting response to those who indulge in "nuclear blackmail".

He had also made it clear that "Our nuclear arsenal are not a part of an aggressive policy, but it is an important means for peace and stability. Peace is our strength, not our weakness. Our nuclear programme must be seen with regard to India's efforts to further world peace and stability."

Also Read

First Published: Nov 08 2018 | 9:35 PM IST

Next Story