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.
A CAG report points out the Letter of Comfort means India will have to settle a breach of agreement first through arbitration with French vendors and not the government.
The Comptroller and Auditor General will be tabling a report that looks at similar deals struck between 2012 and 2017 by IAF, as well as other offers that competed with Dassault’s Rafale offer.
The CAG report on Rafale made headlines in December 2018 after 'grammatical errors' in the Centre's affidavit suggested it had been examined by the PAC.
Prime Minister Narendra Modi has a reputation for fiscal prudence, so the expectation is that somehow or the other his finance ministry will get the numbers in line.
Perhaps the present crisis and trauma can force our country into something resembling that special moment we found in the sixties. Perhaps we can radically alter our business environment.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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