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Bharat Heavy Electrical Limited logo

Under Modi’s ‘swadeshi’ govt, PSU maharatna BHEL saw market cap sink 55% to Rs 26,864 crore

Faulty diversification, expanded workforce & changing requirements of market forces are blamed for sharp deterioration in BHEL’s fortunes.
File image of Vinod Rai | Anthony Kwan/Bloomberg

Vinod Rai found fault with coal allocations where it existed, and where it didn’t

By going to the media, Vinod Rai set a precedent for other CAGs to make their reports a public spectacle.
Pilatus PC 7 MkII trainers

CAG report pokes holes in UPA-era deal for Pilatus trainer aircraft for IAF

The controversial Rs 2,895.63 crore deal for 75 Pilatus basic trainer aircraft is already under the scanner of the CBI.
Weekend Ruminations

Buying complex weaponry is no easy business, but Rafale shows India’s process is broken

It takes 8-10 years for a selection process to be carried through while the defence services wait. Indeed, in the end, there may be no acquisition at all.
A Rafale fighter jet, manufactured by Dassault Aviation SA

France takes responsibility for 36 Rafales, says nothing stronger than Letter of Comfort

The CAG report tabled in Parliament Wednesday had flagged the 'drawbacks' of a Letter of Comfort compared to a sovereign guarantee.
C-130 J Super Hercules aircraft

CAG report blames ‘inadequate training’ for 2014 Super Hercules crash that killed 5

A simulator for the aircraft had been installed in 2012, but could not be used for training because IAF & manufacturer couldn’t finalise a usage contract.
Sandeep Adhwaryu | The Times of India Feat

Voter’s valentine dilemma and Mulayam’s soft push to Narendra Modi

The best cartoons of the day, chosen by editors at ThePrint.
rafale

Why CAG and Modi govt’s claims of Rafale deal being cheaper are open to debate

Unless further details on costs and decision-making emerge, the 2016 NDA Rafale deal will remain in question.
Rafale deal

The day Rahul and Rafale came down on PM Modi, CAG report or not

As soon as the CAG report on Rafale deal was tabled in Parliament, TV channels jostled to get ‘exclusive’ rights.
A Rafale fighter jet, manufactured by Dassault Aviation SA

Dassault was not the lowest bidder — CAG report contradicts Modi govt on Rafale

CAG says a defence ministry panel report stated in March 2015 that Dassault was not L1 in the original bidding process for 126 jets, and so a contract could not be signed with it.

On Camera

Industrialisation only hope to eliminate poverty in Africa

African development is key to a stable world. For if it remains underdeveloped, Africa, with its exploding impoverished population, will fall prey to climate disasters and wars.

Sri Lanka terror attack: Did the world let its guard down on ISIS?

The Islamic State has claimed responsibility for the serial suicide bombings in Sri Lanka, which have killed more than 300 people till last count.

Defence

Indian Coast Guard

Indian Coast Guard increases maritime surveillance following Sri Lanka blasts

More ships and aircraft have been deployed to ensure India faces no security threat after a series of blasts killed 290 in Colombo, a Coast Guard official said.
Graphic by Soham Sen | ThePrint

Modi & Shah have turned India into ‘Jingostan’ & are out to conquer the paranoid country

The Modi-Shah BJP has resurrected dangers & the enemy from the past, and built a scary jingoism. It’s a great diversionary tactic, but it never ends well.