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    ARMY TRANSFORMATION

    In 1950, Clint Eastwood was a 21-year-old soldier visiting a Carmel dairy ranch; in 1986, he bought it to save it from condo developers

    Mission Ranch was once part of a 160-acre property. It became one of California's early dairy farms in the 1850s. It covered a much larger area, with parts subsequently sold to the Carmel School District and the State. Meanwhile, Clint Eastwood's connection to the Carmel area goes back to his time in the US Army.

    Agnipath reset puts age, talent & pension goals to test

    Agnipath, introduced in 2022, aimed to reform military recruitment by allowing soldiers to serve for four years. Recent changes now allow all Agniveers to retain permanent service after their tenure. This shift could affect the average age of soldiers, previously intended to decrease. The decision may also impact the annual pension bill and the creation of trained ex-soldiers for civilian roles.

    Displeased by spotty obedience, Xi Jinping continues culling party leaders

    A record number of officials have been expelled from the Chinese Communist Party during the recent plenum. Among those removed were senior military officials and party secretaries, indicating a significant ongoing purge. Xi Jinping's anti-corruption campaign remains aggressive as he attempts to assert control over the party. The plenum's focus highlights the challenges Xi faces in maintaining party governance amidst internal dissent.

    India aiming to achieve Rs 3 lakh crore defence production, Rs 50K crore defence exports by 2029: Rajnath Singh

    India aims to build a self-reliant defence ecosystem to meet national security challenges effectively. Defence Minister Rajnath Singh highlighted budget increases and production goals during a recent meeting. The focus includes modernizing military capabilities and enhancing personnel preparedness for contemporary warfare. Strategic autonomy, technological advancements, and operational readiness are crucial for India's military future. The objective is a military that can handle various security challenges through continuous modernization efforts.

    These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 25%

    Oil prices matter to the Indian economy, and the market responded with a smart rally as Brent crude cooled significantly on Monday. The rally was broad-based and involved all segments. But too much should not be read into one day’s showing. The thing to watch remains the results of the US mid-term elections which will be known in India through Wednesday. It will decide which way the market will move in the coming days and weeks.

    A win that defied all odds

    Luiz Inacio Lula da Silva won the Brazilian presidential election on October 25 after trailing in the first round. His victory was supported by massive rallies and social media strategy, especially in Minas Gerais. Lula appointed allies as key partners to strengthen his government while also facing significant opposition in Congress. Global leaders, including Narendra Modi, quickly congratulated him on his election.

    The Economic Times
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