File photo of Congress leader P Chidambaram. India has a 30% compensation policy, which means that any equity purchase above Rs 300 crore made from a foreign defense provider requires the provider to invest at least 30% of the purchase value in India in return. . This clause is intended …
Read More »Prime Minister Modi hilariously asks Milind Soman ‘are you really that old?’ During the Fit India Dialogue, he praises his mother for doing push-ups at 81
The first anniversary of the Fit India Movement saw Prime Minister Narendra Modi interacting online with fitness experts and influencers from across the country, including Milind Soman. Addressing him as’ Made in India Milind ‘after the’ 90s song that shot the actor to fame, Prime Minister Modi acknowledged how the …
Read More »CAG report opening can of worms
Congress has been attacking the government for the purchase of the Rafale planes. New Delhi: Congressional leader P Chidambaram attacked the government this morning after India’s Comptroller and Auditor General (CAG), in a report, called for a review of the Defense Ministry’s policy for offsets on the Rafale deal in …
Read More »Jaishankar, NSA and Naqvi attend Saudi Arabia’s national day
At a time when diplomatic receptions are a rarity, both Foreign Minister S Jaishankar and National Security Adviser (NSA) Ajit Doval attended Saudi Arabia’s national day, reflecting the importance India attaches to its ties to the kingdom. In addition to Jaishankar and Doval, the event held at the Saudi embassy …
Read More »Chidambaram on Rafale manufacturers failing to meet compensation obligations: Opening a can of worms?
By: Express Web Desk | New Delhi | Updated: September 24, 2020 11:23:10 am In a series of tweets, Chidambaram said the French manufacturer should have completed its first annual commitment to meet compensation obligations as of Wednesday. Former union minister P Chidambaram criticized the government on Thursday saying whether …
Read More »CAG Puts Holes in Helicopter Upgrade, Points to Concerns About Navy Ships
The modernization of the Indian Air Force Mi-17 medium-lift helicopters, proposed in 2002, has not been achieved, compromising the operational readiness of the fleet, India’s chief auditor said in a report presented at Parliament on Wednesday. The Comptroller and Auditor General (CAG) said the helicopters were flying with limited capacity, …
Read More »PM Modi: See: The true scale of Modi’s agricultural bet, a move that carries significant political risk
By Andy Mukherjee Big changes are taking place in Indian agriculture, driven by Prime Minister Narendra Modi at considerable political risk. Freeing up agricultural markets can be just as important as dismantling industrial licenses in 1991. However, if the protection of the state fades only to reveal a few great …
Read More »Tata Motors Stock Price: Stocks in the News: RIL, Tata Chemicals, Coal India, TechM, HDFC, Tata Motors DVR and Airtel
Ingenious futures on the Singapore Stock Exchange were trading 176.50 points, or 1.57 percent lower, at 11,050, in signs that Dalal Street was headed for a gapped bearish start on Thursday. Here are some stocks that may be the most vibrant in today’s trading: Dependency Industries: India’s antitrust body will …
Read More »Toyota Urban Cruiser Vs Kia Sonet
The Kia Sonet shares its fundamentals with the Hyundai Venue, while the Toyota Urban Cruiser is based entirely on the Maruti Suzuki Vitara Brezza. Two new SUVs under 4 meters were launched in the Indian market in quick succession, namely the Kia Sonet, which went on sale on September 18, …
Read More »Dassault Aviation still has to meet key compensation obligation for DRDO in Rafale deal, says CAG
Rafale Compensation: The CAG has filed a report on Dassault Aviation’s obligation to DRDO. New Delhi: India’s Comptroller and Auditor General has harshly criticized the Defense Ministry’s policy for offsets, which also governs the deal with France for 36 Rafale jets made by Dassault Aviation. So far, the French firm …
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