The Rafale deal signed by the Modi government to procure 36 fighter jets from France’s Dassault was 2.86 per cent cheaper than what was negotiated during the UPA regime in 2007, the much-awaited CAG report on the controversy-hit transaction showed on Wednesday. Without disclosing pricing details in absolute terms, the Comptroller and Auditor General (CAG) […]
Category: The Telegraph
Telegraph
ED aims to make co-accused on Agusta chopper deal to turn approver
The Enforcement Directorate is likely to make Rajeev Saxena, a co-accused in the AgustaWestland chopper scandal, an approver in the case to look into a possible larger conspiracy and ascertain the names of politicians who were allegedly bribed. “Saxena, an aide of prime accused Christian Michel, knew about the bribes paid to Indian counterparts, including […]
Coal India Q3 net profit up 50%
Coal India has posted a 50 per cent rise in net profit in the October-December quarter of 2018-19. Better realisations from the sale of coal both through auction and fuel supply agreements have propelled the earnings of the public sector miner. The consolidated net profit of the public sector miner for the quarter was Rs […]
Jharkhand power utility on the mat at tariff hearing
Industry leaders came out strongly against a proposal to hike power tariffs on Tuesday, their argument predictably based on irregular supply and erratic billing by Jharkhand Bijli Vitran Nigam (JBVNL) that has approached regulators for an increase in charges from the next fiscal across all categories of consumption except agriculture. “Dar nirdharan se pahle hamara […]
Ravi Shankar Prasad calls Rahul a lobbyist
The BJP on Tuesday accused Rahul Gandhi of being a “lobbyist of competitive plane supplier companies”. “It is our very serious charge with full sense of responsibility that Rahul Gandhi is working as a lobbyist of competitive plane supplier companies,” law minister Ravi Shankar Prasad said. The retort was in response to Rahul Gandhi’s fresh […]
Rahul Gandhi alleges treason by Narendra Modi
Congress president Rahul Gandhi on Tuesday accused Prime Minister Narendra Modi of acting as a middleman for Anil Ambani in the Rafale jet deal. He cited an email to claim that the businessman was aware of the MoU before India and France signed it. Ambani’s knowledge of a defence deal under preparation, which even the […]
Modi can be jailed over Rafale, says Rahul
Congress president Rahul Gandhi on Tuesday said Narendra Modi had violated the oath of secrecy by informing Anil Ambani of his intention to change the Rafale deal and that is enough to send the Prime Minister to jail. “There are three issues: One, corruption; two, procedural aspect and three, revealing a defence secret. Forget the […]
Rafale row: Congress leaders protest with paper planes
Raising slogans against the Narendra Modi government, Congress lawmakers protested outside Parliament on Wednesday over the Rafale deal. Party president Rahul Gandhi led the demonstration in which Congress lawmakers were seen carrying paper planes and posters. UPA chairperson Sonia Gandhi and former Prime Minister Manmohan Singh were also present in the protest near the Gandhi […]
Parama flyover two-way all day
Cars are being allowed to take the Parama flyover from Park Circus during daytime for the first time in three years, the unannounced change taking effect immediately after the west-bound ramp linked to the AJC Bose Road flyover opened. Till that afternoon, that flank of the Parama flyover would be open to EM Bypass-bound traffic […]
Calcutta flyover’s ramp aces weekday test
A resident of Narendrapur took only nine minutes to reach the Race Course crossing from Science City around 1.30pm on Tuesday by taking the new ramp connecting the Parama and AJC Bose Road flyovers. Rewind to a month ago, it would take her the same time just to reach the AJC Bose Road flyover from […]
NCLAT allows 22 IL&FS arms to start debt servicing
The National Company Law Appellate Tribunal (NCLAT) has allowed 22 domestic arms of the IL&FS group to service their debt obligations, providing a much needed relief to the lenders. Additionally, the appellate tribunal lifted the moratorium on debt payments on 133 IL&FS firms incorporated outside the country even as they were allowed to continue with […]
Committee to examine levy of toll at Lakhanpur
As the government on Monday ordered constitution of a committee to examine imposition of toll tax levied at Lakhanpur post, the industrialist bodies in both Kashmir and Jammu divisions have opposed revocation of the entry tax arguing “it would prove fatal for local industry.” While as the Kashmir Chamber of Commerce and Industries has “questioned […]