Prime minister Modi had announced a deal to buy 36 fighter jets in Paris on Friday
GN Bureau | April 11, 2015
Rafale fighter jets will be inducted in IAF in a span of two years. Defence minister Manohar Parrikar said on Saturday that French Rafale jet deal, announced by prime minister Narendra Modi on Friday in Paris is a great decision taken on the terms and conditions that are better. India has finally broken the ice over the Rafale deal which has been pending for 17 years, said Parrikar
India will buy 36 fighter planes that are ready to fly, citing critical operational requirement of the IAF. The announcement was made by Modi at a joint news conference with French president Francois Hollande after their summit talks at Elysee palace. The deal is under the government to government agreement.
India and France were locked in negotiations for three years over the purchase of 126 Rafale fighter jets valued at $12 billion but has been bogged down over cost and Dassault Aviation's reluctance to stand guarantee for 108 planes to be made by Hindustan Aeronautics Limited in India.
An agreement on the stalled 10,000 MW nuclear project in Jaitapur in Maharashtra was among the 17 pacts signed after the talks between Modi and Hollande. The deal was signed between India's Larsen and Toubro and France's AREVA and it is aimed at cost reduction by increasing localisation.
Another pact related to Pre-engineering agreementsbetween NPCIL and AREVA in connection with studies that is intended to bring clarity on all technical aspects of the plant so that all parties (AREVA, ALSTOM and NPCIL) can firm up their price and optimise all provisions for risks still included at this stage in the costs of the project.
It will also enable transfer of technology and development of indigenous nuclear energy industry in India.
Other decisions include a scheme for expedited 48 hours visa issuance by France for Indian tourists.
France also announced an investment of about $1 billion in India as Modi invited French companies to pump in money in technology in the fastest growing economy.
Union Minister of Road Transport and Highways Nitin Gadkari has emphasised deciding driving hours for truck drivers of commercial vehicles, similar to pilots, to reduce fatigue-induced road accidents. In a Na
In a step towards Telecom Reforms which aim to provide internet and tele connectivity for the marginalised section, the Department of Telecommunications, Ministry of Communica
Raising concerns over rising seawater levels and climate change, Mumbai First, a 25-year-old public-private partnership policy think tank, has written letters to Maharashtra chief minister Uddhav Thackeray, minister for environment and climate change, tourism and protocol, Aditya Thackeray and Mumbai munic
After the recent announcement of the government guarantee for Security Receipts (SRs) to be issued by a public sector-owned National Asset Reconstruction Company Ltd (NARCL), there is a surge of interest around this desi version of a super bad bank. The entity will acquire around ₹2 trillion bad debts fr
The notion of a V-shape economic recovery is an exaggeration, and the informal economy and the poor have been terribly hurt during the Covid-19 period, says Gurcharan Das, author, commentator and public intellectual. “A V-shape recovery is an exaggeration. The informal economy and the
As many as 86.64% citizens of the city of Greater Mumbai have antibodies, according to the fifth sero-prevalence survey. Among the people who are fully or partially vaccinated, the antibodies were found in 90.26%, while among the unvaccinated citizens, 79.86% had antibodies. The Municipal C