Su-57 Sale On Agenda As BRICS Summit Brings Leaders To Delhi
ECONOMY & POLICY

Su-57 Sale On Agenda As BRICS Summit Brings Leaders To Delhi

The Kremlin confirmed that the sale of Russia's Su-57 fighter jets to India is on the agenda for a bilateral meeting between Prime Minister Narendra Modi and President Vladimir Putin on Friday, 11 September, on the sidelines of the BRICS Summit in New Delhi. The discussion was described as part of a broader bilateral agenda that will include trade and economic cooperation, and India has not issued an official response while Hindustan Aeronautics Limited is expected to have a role if the matter advances.

India holds the BRICS presidency for 2026 and will host the 18th summit at Bharat Mandapam on 12 and 13 September, with other leaders such as China’s Xi Jinping and South Africa’s Cyril Ramaphosa among those expected to attend. The two leaders last met in person at the Shanghai Cooperation Organisation summit in Bishkek, and the meeting in New Delhi follows continuing diplomatic engagement between the capitals.

Separately, national infrastructure activity continued with transport and project announcements in Gujarat, where the prime minister launched major rail and road work funded by large allocations. The government said it would spend Rs 855.9 million (mn) on the Berhampore bypass repair, and announced projects amounting to Rs 350 billion (bn) for the state, including Western Dedicated Freight Corridor sections completed at a cost of over Rs 207 billion (bn).

Energy data for August showed total fuel consumption fell two point eight per cent to 18.61 million (mn) metric tonnes, with petrol consumption up eight point two per cent to three point eight four mn tonnes and diesel rising six point eight per cent to seven point zero two mn tonnes. Declines in liquefied petroleum gas and naphtha offset some gains, while bitumen sales rose nineteen point eight per cent, underlining continued road construction activity.

Policy adjustments were also under way as the 57th GST Council meeting was postponed to October 7 because of summit schedules, and officials will consider simplifying registration where businesses pass on tax credit exceeding Rs 0.25 million (mn) a month. The government has also eased foreign direct investment rules to permit inventory held by e-commerce platforms strictly for export, subject to transaction level compliance.

The Kremlin confirmed that the sale of Russia's Su-57 fighter jets to India is on the agenda for a bilateral meeting between Prime Minister Narendra Modi and President Vladimir Putin on Friday, 11 September, on the sidelines of the BRICS Summit in New Delhi. The discussion was described as part of a broader bilateral agenda that will include trade and economic cooperation, and India has not issued an official response while Hindustan Aeronautics Limited is expected to have a role if the matter advances. India holds the BRICS presidency for 2026 and will host the 18th summit at Bharat Mandapam on 12 and 13 September, with other leaders such as China’s Xi Jinping and South Africa’s Cyril Ramaphosa among those expected to attend. The two leaders last met in person at the Shanghai Cooperation Organisation summit in Bishkek, and the meeting in New Delhi follows continuing diplomatic engagement between the capitals. Separately, national infrastructure activity continued with transport and project announcements in Gujarat, where the prime minister launched major rail and road work funded by large allocations. The government said it would spend Rs 855.9 million (mn) on the Berhampore bypass repair, and announced projects amounting to Rs 350 billion (bn) for the state, including Western Dedicated Freight Corridor sections completed at a cost of over Rs 207 billion (bn). Energy data for August showed total fuel consumption fell two point eight per cent to 18.61 million (mn) metric tonnes, with petrol consumption up eight point two per cent to three point eight four mn tonnes and diesel rising six point eight per cent to seven point zero two mn tonnes. Declines in liquefied petroleum gas and naphtha offset some gains, while bitumen sales rose nineteen point eight per cent, underlining continued road construction activity. Policy adjustments were also under way as the 57th GST Council meeting was postponed to October 7 because of summit schedules, and officials will consider simplifying registration where businesses pass on tax credit exceeding Rs 0.25 million (mn) a month. The government has also eased foreign direct investment rules to permit inventory held by e-commerce platforms strictly for export, subject to transaction level compliance.

Related Stories

Gold Stories

Next Story
Real Estate

Landmark Group plans Rs 150 billion NCR expansion

Landmark Group has announced expansion plans across two real estate projects in the National Capital Region (NCR), with a combined estimated sales potential of Rs 150 billion. The projects include Landmark One, a 2.1 million sq ft corporate office development on Golf Course Extension Road in Gurugram, and a proposed integrated hospitality, commercial and residential development on Dwarka Expressway.Landmark One has an estimated sales value of Rs 40 billion. The project involves an estimated construction investment of Rs 10 billion, apart from the underlying land, currently valued at around Rs ..

Next Story
Real Estate

RMZ entities secure 5-Star ratings in GRESB 2026

RMZ has been recognised as a Global and Regional Sector Leader in the 2026 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Development Assessment, with three of its entities scoring 99.6 out of 100. RMZ Nexus LLP, Millenia Realtors Private Limited and Infralogix LLP secured 5-Star ratings in their respective categories across the Office and Industrial sectors.In the 2026 Development Benchmark, RMZ Nexus LLP and Millenia Realtors Private Limited were named Sector Leaders in the Office and Office Non-Listed categories in Asia. Infralogix LLP received the distinction in the Indust..

Next Story
Products

Schneider Electric deploys smart building systems at Jupiter Hospitals

Schneider Electric has partnered with Jupiter Hospitals to deploy connected building technologies aimed at improving energy efficiency, patient comfort and operational performance across its hospital campus. The deployment of its EcoStruxure Building Operation platform and SpaceLogic thermostats is helping the hospital achieve energy savings of up to 28 per cent, according to the company.With heating, ventilation and air-conditioning (HVAC) systems accounting for nearly 60 per cent of the hospital's total energy consumption, improving efficiency while maintaining the conditions required for pa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code