
As political controversy kicked in over Congress allegations that industrialist Anil Ambani's company was favoured by the government in Rafale deal, Reliance Defence Limited has rebutted the allegations as "baseless and unfounded".
The Defence Minister hit back at the Congress saying the UPA govt sat over the proposed procurement for 10 years and potentially compromised national security interests.
He asked whether it is correct that per aircraft price of Rafale as per the UPA government's negotiations was United States dollars 80.95 million or Rs 526 crore as against the purchase price by Modi government of Rs 1,570.80 crore per aircraft.
"Whether the minister wants to say that the Modi government will not purchase aircraft from Rafale (in future) after the buying these 36 aircraft?" he asked.
The Congress claimed that each aircraft would cost Rs 526.10 crore as per negotiations done by the UPA government, while the cost has now been escalated to Rs 1,570.80 crore. "The government has negotiated a very good deal". But the per unit cost zooms to nearly Rs 1,640 crore if the overall deal is taken into account, which includes a deadly weapons package, all spares and costs for 75% fleet availability and performance-based logistics support for five years, among other things, as reported by TOI earlier.
Defence minister Niramala Sitharaman addressing a press conference on the Rafale deal.
Indian shares end higher as Moody's upgrade cheers
Recognition for recent economic reforms in India & 5000 year track record of no default. This is unedited, unformatted feed from the Press Trust of India wire.
Court orders protesting religious parties to end Islamabad sit
He said assistance could also be sought from the Rangers and Frontier Constabulary to disperse the protesters . However, Justice Siddiqui said that the application will only be heard if the parties ended their sit-in.
Microsoft Corporation (MSFT) Position Decreased by First Manhattan Co
Morningstar, Inc. reaffirmed a "neutral" rating on shares of Microsoft Corporation in a research report on Monday, October 16th. It improved, as 42 investors sold ECL shares while 306 reduced holdings. 41 funds opened positions while 138 raised stakes.
The final agreement for the jets was signed the following year. "All procedures were scrupulously followed".
"A responsible opposition can not come out without checking facts", she said. "The UPA government from 2004-2014 could not arrive on a decision to address this critical necessity of fighters for the IAF". "At least, she should tell what is the price of the aircraft?" he said.
She stressed that the Modi government realised the dire situation and ordered 36 Rafale fighter jets in fly away condition as it was an emergency and the Air Force urgently required the fighter jets. It was not financially prudent to negotiate ToT for just 36 fighters, she said.
Sitharmaman's remarks came a day after the Congress accused the prime minister of changing the "entire deal" for the benefit of one businessman.
Reliance Defence and Dassault have entered into a joint venture but Sitharaman clarified that no offset contracts have been signed so far. "Congress government cared least to strengthen our forces and more in commissions", Rijiju said in his tweet.
Related News:
-
EU TERROR WARNING: US issues winter travel alert amid heightened threat
U.S. citizens should be careful when celebrating events, "he said yesterday in its warning State Department". The State Department cautioned that almost any location could be targeted and by any means.Man arrested on suspicion of murder after teenager (19) goes missing
He continued: I would like to offer my thoughts and thanks to her family, who are going through an incredibly distressing time. The teenager, from Langton Matravers, was staying at an address in Swanage when she disappeared. "To Gaia.NZ family may be paralysed for life from eating wild boar
The three people suffering from botulism after eating freshly slaughtered wild boar meat are responding to treatment. The Indian High Commission and Ministry for Vulnerable Children have been approached to help the family raise money. -
Henry Schein, Inc. (NASDAQ:HSIC) Shares Bought by Trillium Asset Management LLC
If you are reading this story on another domain, it was stolen and reposted in violation of United States & global copyright law. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Henry Schein by 0.3% in the second quarter.Yukon Teacher Accused Of Having Sex With Student
When investigators entered the home, Day was sitting on the floor of her living room with candles lit and all of the lights off. She was arrested on three charges: second-degree rape, possession of child pornography and soliciting a minor using technology.Boston Dynamics' Atlas robot is now so agile it can do backflips
And the humanoid robot stuck its landing better than most professional gymnasts-no hesitation, no wobble, nothing. Atlas can sometimes make mistakes, too. -
As Schlumberger LTD (SLB) Valuation Declined, Wellcome Trust LTD Has Upped Position
The firm owned 132,690 shares of the oil and gas company's stock after purchasing an additional 5,330 shares during the quarter. Hirtle Callaghan Ltd Limited Liability Company reported 538 shares or 0.01% of all its holdings. (NASDAQ:AMTD) or 18,419 shares.Trump Just Named Five New Possible Supreme Court Nominees
Kavanaugh has been reputed before as a conceivable Republican chosen one for the high court. It is unclear when the next vacancy might arise on the high court.Bisexual rapper Lil Peep dies aged 21
The Big Love actress paired the white band T-shirt with bright pink sweat trousers and colorful sliders on her feet. But life had to go on for 20-year-old Bella Thorne , as she head back to work the day after honoring her ex. -
Fidelity National Information Services, Inc. (FIS) Updates FY17 Earnings Guidance
As of now, the increased share price of Fidelity National Information Services, Inc. makes it a lucrative buy for investors. KeyCorp reissued a "buy" rating on shares of Fidelity National Information Services in a report on Wednesday, November 1st.Target Black Friday 2017 Ad Deals
If you're planning to spend a large amount on Amazon, we highly recommend signing up for a Prime Membership . This year Black Friday falls on 24 November, but Amazon has been running deals since 17th November .What's The Story Behind CVS Health Corporation (NYSE:CVS)
Walleye Trading Ltd Liability reported 0.01% in CVS Health Corp (NYSE:CVS). 51,416 are held by Catalyst Capital Advsrs Limited. CVS Health Corporation (CVS) now has 1.01 million shares outstanding, which means that its market capitalization is $70.92B.