Party accuses the BJP government of promoting financial interests of ‘crony capitalist friends’, says deal signed with France has caused huge loss to exchequer.
By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
The ignoramuses in India are barking at the wrong tree, without understanding the real context or without taking a holistic picture as to why Hollande made this statement that it was Modi’s decision. For the French whether Modi influenced the decision to partner with Ambani is of no significance as the damage that will cause to Desalt, a public institution, by this collaboration with a company with no experience and ill reputation.People in the know there see a security risk for Desalt in its partnership with Reliance.They can not allow to happen to such a national asset, Dessault. And they wanted a to find out how and why Reliance was chosen.They suspected it was because the dealings Ambani had with Hollande’s companion in producing the film.And questions were raised accordingly. Hollande clarified the position visa vis his companion’s purported roll. Go through the full text of the report to find out that it was only a one line mention by Hollande that it was Modi’s decision.That is all.Clarification happens to hit hornet’s nest in India. Hollande was not so much concerned about protecting or causing any harm to Modi as much as protecting his partner’s as well as his reputation. The story is not over. Desalt might have chosen Reliance which is its prerogative..Desalt will have to give proper explanation as to why they chose Reliance.Be sure the French public will bring out the full story, for their sake not for India’s.Then the whole picture will be clear.One thing is certain the French, at least the knowledgeable ones think that Reliance is a liability and catastrophe for Dessault, whatever Modi and his cohorts think .
Thank you
Modi will not talk.So the least he can do is to issue a simple statement that Hollande is lying when he says that it was Indian government’s recommendation that reliance should be the off set partner.if lying is too harsh a word can he state categorically that Hollande was not speaking the truth
Mr. Jaitely is absolutely right. Firstly, in just one article he exposed that Rahul Gandhi’s theory about price variance was just an hoax. Thereafter, RG stopped talking about price variation and has focused on the offset arrangement, even without understanding what the offset arrangement means. Essentially, all defence purchases involve a big outgo of foreign exchange. To offset this outgo the seller agrees to purchase some products from the buyer country. This purchase, though caused by defence purchase need not have any relation with the original purchase. Here, in case of Rafale purchase, the seller Dassault Aviation has agreed to purchase goods worth ₹.30,000 crore for its future needs. Being an aviation company this will be in the form of components and parts for its products, not necessarily for Rafale aircrafts. Due to difference in time scales, none of these parts and components are likely to be used in the 36 planes to be delivered by Dassault. So, how this help our defence preparedness? Except for receipt of 36 aircrafts, none whatsoever. Then what does our country gain – Exports worth ₹.30,000 crore, employment and availability of a foreign technology. Should this be restricted to Public Sector HAL? Not necessarily. Even if the Dassault ties up with a private sector entity, the benefit will no less. Now why Anil Ambani? As per available information, the export orders will distributed amongst many Indian entities including HAL. Should the government have pushed Ambani’s name? Well, we don’t know. Mr Hollande has prevaricated and changed his version. Should the government push names of private sector companies for getting export orders? Certainly yes. If France can go to the extent of signing a deal with India so that it’s private sector entity Dassault gets an export order for supply of planes, does it mean that French government has indulged in corruption? Corruption can only be established if there is an evidence of quid-pro-quo between Anil Ambani and Narendra Modi. Where is the quid-pro-quo Mr.Rahul Gandhi?
“..Corruption can only be established if there is an evidence of quid-pro-quo between Anil Ambani and Narendra Modi..”
Quid pro quo need not always be of TANGIBLE nature. A favor can also be done strictly for EGO SATISFACTION. If that is what gives a person a feeling of fulfillment, then that is a GRATIFICATION OBTAINED by virtue of one’s position. That, in common parlance is “corruption”. If I was the medium through which you gained that sense of happiness or satisfaction or fulfilment, then I GAVE YOU SOMETHING which you couldn’t have gotten by yourself. You were clean in your aloofness, I came and CORRUPTED you by making you misuse your power or influence.
Mr Patil, you argument about government pushing private firm for exports is completely flawed – no law will ever allow you to do. No self-respecting individual will ever do it – if he or she is honest. Government does not push individuals, it creates a policy environment where individuals (and companies) compete with each other to win. Pushing individuals is called cronyism – same ways as the ‘phone banking’ – referred by Modi himself. Why then one rule for himself and other rule for the rest?
A debt laden company with no defence experience winning a contract to be defence supplier to a world leading manufacturer – what does it tell you? Let us not get blinded by the silly arguments that are being thrown at us by self-serving politicians. Mr Ambani called Mr Modi a “king of kings’ – which world are we living in? Is it a democracy or a medieval age where people suspended the use of their brain on praise by others. Mr Modi decided the deal without consulting anyone and without following the due process. What does he think? Is he God or the King? Why do we need get fooled?
The confusion is being caused by the continued use of the name, RELIANCE even when the two sons of Dhirubhai Ambani, Mukesh and Anil have parted ways, and now head two DIFFERENT sets of companies which are vastly different in financial strength.
Mukesh Ambani’s Reliance industries was in the picture when the Rafael deal was being talked about by the UPA government. THAT Reliance company was financially very strong, but UPA’s discussions couldn’t be brought to fruition, so the matter ended there.
Now in the second version of the same discussions the protagonists from Indian side have changed: government has changed from UPA to NDA, and Mukesh Ambani has been replaced by his younger brother Anil Ambani who too runs a company called “Reliance” (Infrastructure Ltd.), but which is a dwarf in financial strength compared to Mukesh’s company by the same name.
And this is what everyone is crying foul about. In a lighter vein, it’s like showing the picture of one brother for marriage and actually sending the other brother for the actual ceremony!
The Dassault-Reliance manufacturing facility that was inaugurated on 27 October 2017 was IN THE PRESENCE of the current Dassault chairman and Anil Ambani, and after the deal had been signed. Mukesh Ambani, the owner of the SOLID Reliance was, and is, no where in the picture.
The moot point therefore is, “Is Mukesh Ambani UNDERWRITING the ambitious venture of his younger brother?”
To the best of everyone’s knowledge, NO. That’s why common men and politicians alike are asking this question — “why overrule an EXPERIENCED HAL in favor of a company that knows not even the ABC of plane manufacturing, let alone a state of the art fighter jet?
The present NDA government is going to great pains to say that the offset partner had been chosen by Dassault itself. That well might be true. But the question then arises is, knowing the “reality” of Mr Anil Ambani’s Reliance, why didn’t the NDA government caution Dassault — why did it NOT VETO THAT ALLIANCE in national interest?
What is the great genius involved in making this statement, Sir. Tell us what the truth is without hiding behind national security and without putting out silly arguments about confidentiality – 1. how can price be confidential and 2. How are some retired services officers defending the self-serving politicians with details that should not be public domain? I am sure that you are intelligent enough to know that an average Indian is not foolish.
The ignoramuses in India are barking at the wrong tree, without understanding the real context or without taking a holistic picture as to why Hollande made this statement that it was Modi’s decision. For the French whether Modi influenced the decision to partner with Ambani is of no significance as the damage that will cause to Desalt, a public institution, by this collaboration with a company with no experience and ill reputation.People in the know there see a security risk for Desalt in its partnership with Reliance.They can not allow to happen to such a national asset, Dessault. And they wanted a to find out how and why Reliance was chosen.They suspected it was because the dealings Ambani had with Hollande’s companion in producing the film.And questions were raised accordingly. Hollande clarified the position visa vis his companion’s purported roll. Go through the full text of the report to find out that it was only a one line mention by Hollande that it was Modi’s decision.That is all.Clarification happens to hit hornet’s nest in India. Hollande was not so much concerned about protecting or causing any harm to Modi as much as protecting his partner’s as well as his reputation. The story is not over. Desalt might have chosen Reliance which is its prerogative..Desalt will have to give proper explanation as to why they chose Reliance.Be sure the French public will bring out the full story, for their sake not for India’s.Then the whole picture will be clear.One thing is certain the French, at least the knowledgeable ones think that Reliance is a liability and catastrophe for Dessault, whatever Modi and his cohorts think .
Thank you
Modi will not talk.So the least he can do is to issue a simple statement that Hollande is lying when he says that it was Indian government’s recommendation that reliance should be the off set partner.if lying is too harsh a word can he state categorically that Hollande was not speaking the truth
Mr. Jaitely is absolutely right. Firstly, in just one article he exposed that Rahul Gandhi’s theory about price variance was just an hoax. Thereafter, RG stopped talking about price variation and has focused on the offset arrangement, even without understanding what the offset arrangement means. Essentially, all defence purchases involve a big outgo of foreign exchange. To offset this outgo the seller agrees to purchase some products from the buyer country. This purchase, though caused by defence purchase need not have any relation with the original purchase. Here, in case of Rafale purchase, the seller Dassault Aviation has agreed to purchase goods worth ₹.30,000 crore for its future needs. Being an aviation company this will be in the form of components and parts for its products, not necessarily for Rafale aircrafts. Due to difference in time scales, none of these parts and components are likely to be used in the 36 planes to be delivered by Dassault. So, how this help our defence preparedness? Except for receipt of 36 aircrafts, none whatsoever. Then what does our country gain – Exports worth ₹.30,000 crore, employment and availability of a foreign technology. Should this be restricted to Public Sector HAL? Not necessarily. Even if the Dassault ties up with a private sector entity, the benefit will no less. Now why Anil Ambani? As per available information, the export orders will distributed amongst many Indian entities including HAL. Should the government have pushed Ambani’s name? Well, we don’t know. Mr Hollande has prevaricated and changed his version. Should the government push names of private sector companies for getting export orders? Certainly yes. If France can go to the extent of signing a deal with India so that it’s private sector entity Dassault gets an export order for supply of planes, does it mean that French government has indulged in corruption? Corruption can only be established if there is an evidence of quid-pro-quo between Anil Ambani and Narendra Modi. Where is the quid-pro-quo Mr.Rahul Gandhi?
“..Corruption can only be established if there is an evidence of quid-pro-quo between Anil Ambani and Narendra Modi..”
Quid pro quo need not always be of TANGIBLE nature. A favor can also be done strictly for EGO SATISFACTION. If that is what gives a person a feeling of fulfillment, then that is a GRATIFICATION OBTAINED by virtue of one’s position. That, in common parlance is “corruption”. If I was the medium through which you gained that sense of happiness or satisfaction or fulfilment, then I GAVE YOU SOMETHING which you couldn’t have gotten by yourself. You were clean in your aloofness, I came and CORRUPTED you by making you misuse your power or influence.
Mr Patil, you argument about government pushing private firm for exports is completely flawed – no law will ever allow you to do. No self-respecting individual will ever do it – if he or she is honest. Government does not push individuals, it creates a policy environment where individuals (and companies) compete with each other to win. Pushing individuals is called cronyism – same ways as the ‘phone banking’ – referred by Modi himself. Why then one rule for himself and other rule for the rest?
A debt laden company with no defence experience winning a contract to be defence supplier to a world leading manufacturer – what does it tell you? Let us not get blinded by the silly arguments that are being thrown at us by self-serving politicians. Mr Ambani called Mr Modi a “king of kings’ – which world are we living in? Is it a democracy or a medieval age where people suspended the use of their brain on praise by others. Mr Modi decided the deal without consulting anyone and without following the due process. What does he think? Is he God or the King? Why do we need get fooled?
The confusion is being caused by the continued use of the name, RELIANCE even when the two sons of Dhirubhai Ambani, Mukesh and Anil have parted ways, and now head two DIFFERENT sets of companies which are vastly different in financial strength.
Mukesh Ambani’s Reliance industries was in the picture when the Rafael deal was being talked about by the UPA government. THAT Reliance company was financially very strong, but UPA’s discussions couldn’t be brought to fruition, so the matter ended there.
Now in the second version of the same discussions the protagonists from Indian side have changed: government has changed from UPA to NDA, and Mukesh Ambani has been replaced by his younger brother Anil Ambani who too runs a company called “Reliance” (Infrastructure Ltd.), but which is a dwarf in financial strength compared to Mukesh’s company by the same name.
And this is what everyone is crying foul about. In a lighter vein, it’s like showing the picture of one brother for marriage and actually sending the other brother for the actual ceremony!
The Dassault-Reliance manufacturing facility that was inaugurated on 27 October 2017 was IN THE PRESENCE of the current Dassault chairman and Anil Ambani, and after the deal had been signed. Mukesh Ambani, the owner of the SOLID Reliance was, and is, no where in the picture.
The moot point therefore is, “Is Mukesh Ambani UNDERWRITING the ambitious venture of his younger brother?”
To the best of everyone’s knowledge, NO. That’s why common men and politicians alike are asking this question — “why overrule an EXPERIENCED HAL in favor of a company that knows not even the ABC of plane manufacturing, let alone a state of the art fighter jet?
The present NDA government is going to great pains to say that the offset partner had been chosen by Dassault itself. That well might be true. But the question then arises is, knowing the “reality” of Mr Anil Ambani’s Reliance, why didn’t the NDA government caution Dassault — why did it NOT VETO THAT ALLIANCE in national interest?
What is the great genius involved in making this statement, Sir. Tell us what the truth is without hiding behind national security and without putting out silly arguments about confidentiality – 1. how can price be confidential and 2. How are some retired services officers defending the self-serving politicians with details that should not be public domain? I am sure that you are intelligent enough to know that an average Indian is not foolish.