Category: Rafale Deal

CAG says Rafale jet deal cheaper than original

NEW DELHI – The Comptroller and Auditor General (CAG) said on Wednesday that 36 fighter jets bought from France’s Dassault Aviation were cheaper than an earlier local deal, offering respite for Prime Minister Narendra Modi. Modi’s 2016 decision to abandon talks on buying 126 Rafale planes, including local […]

Government waived anti-corruption clauses in Rafale deal

By N. Ram It also overruled Financial Advisers’ recommendation for an escrow account after PMO forced a waiver of sovereign or bank guarantee The €7.87-billion Rafale deal between India and France involved major and unprecedented concessions from the Indian government, with critical provisions for anti-corruption penalties and making payments through […]