Rafale deal with France at 8.8 billion dollar finalised, says BJP

The government may have not made a final announcement on the Rafale deal yet but for the BJP it has been “finalised” and the Modi government has saved over Rs 21,000 in the “re-negotiation” with the French government.

India, France closing in on deal to buy 36 rafale fighter jets
Minister of State for Defence Rao Inderjit Singh had said yesterday that the two countries had resolved most of the "hitches" in the multi-billion Euro Rafale deal and the remaining issues will be cleared in the next DAC meet, scheduled to be held tomorrow.

The government may have not made a final announcement on the Rafale deal yet but for the BJP it has been “finalised” and the Modi government has saved over Rs 21,000 in the “re-negotiation” with the French government.

“The deal to buy 36 state of the art Rafale aircraft from France at 12 billion dollar (Rs 80000 crore) was re-negotiated and finalised at 8.8 billion dollar (Around Rs 59000 cr),” a tweet by the BJP said.

The government “saved” public money and the deal resulted in gain of “technological knowledge” and “strengthening the air power to defend the border”, it said.

direct tax, dtcr, taxes, income tax, central taxes, economy
Govt kicks off direct tax code revision
Reserve Bank of India, RBI news, economy, economy news
Extreme weather, geopolitical tensions risk to inflation: RBI
RBI, Reserve Bank of India, RBI news, economy news, Indian economy
Sticky inflation: Govt steps up vigil on food prices
Nagpur Lok Sabha seat, Rahul Gandhi
Not in my NYAY: Rahul Gandhi disowns Sam Pitroda’s selfish middle class remark

Officially, the negotiation between India and France are at an advanced stage.

Minister of State for Defence Rao Inderjit Singh had said yesterday that the two countries had resolved most of the “hitches” in the multi-billion Euro Rafale deal and the remaining issues will be cleared in the next DAC meet, scheduled to be held tomorrow.

Air Force Chief Air Chief Marshal Arup Raha had said, “It (deal) is at a very advanced stage.”

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 20-04-2016 at 22:56 IST
Market Data
Market Data
Today’s Most Popular Stories ×