Modi govt's Rafale deal €246.11 mn costlier than UPA's due to lack of bank guarantees from France, reports The Hindu
The Hindu report said that the lack of bank guarantees from France made the cost of the Rafale deal negotiated by the NDA government more expensive by €246.11 million (around Rs 1,962 crore).
Rafale row: Not all previous defence deals between India and other countries had an integrity clause
India has, in the past, inked Defence deals with countries like the USA and Russia without signing an integrity clause or an anti-corruption agreement.
Sitharaman claims PMO only made 'periodic enquiries' into Rafale talks, but Parrikar's note proves otherwise
The Hindu's report on the Rafale deal has unsurprisingly raised the political temperature, and there is no question that the BJP-led Central government is furiously back-pedalling now.
Hindu report proves Narendra Modi govt abruptly altered modalities of Rafale negotiations; Manohar Parrikar ignored objections
The report in The Hindu on Rafale negotiations makes it crystal clear that after the Modi government came to power the modalities of the negotiation process was abruptly changed to the detriment of Indian interests.