Rafale deal will bring relief to IAF: Parrikar

April 11, 2015

Panaji, April 11: The deal struck with France for purchase of 36 Rafale fighter jets will bring some relief to the Indian Air Force into which they will be inducted within two years, Defence Minister Manohar Parrikar said today.Manohar Parikkar

He described as "great" India's decision to buy these fighters after talks between Prime Minister Narendra Modi and French President Francois Hollande in Paris yesterday, saying it will go a long way in strengthening the IAF.

"Indian Air Force will get minimum oxygen (relief) it required with this deal...In fact we have not purchased any major new generation aircraft in (last) 17 years.

"It's a great decision taken by Prime Minister Narendra Modi on better terms and conditions. Procuring 36 planes for two squadrons is an extremely positive decision which was needed," Parrikar told reporters here.

Modi had yesterday said in Paris that India will buy 36 Rafale fighter jets in flyaway condition from France at the earliest by "keeping in view the critical operational necessity of fighter aircraft in India."

"The RFP (Request for Proposal) procedure for procuring these aircraft had been dragging on for several years. This was started in 2000 and still it was not getting completed because of a lot of confusion so I am very happy that the PM has taken the initiative," Parrikar said.

He said the fighter jets will be inducted into IAF within a span of two years, adding the ice has been finally broken over the deal.

Parrikar did not give any reasons why it will take up to a maximum of two years for inducting these much-needed fighters into IAF.

Experts feel that time may be needed for further price negotiations and refitting the aircraft in tune with Indian requirements. While the government-to-government negotiations may have ended, the forces may have to fine-tune the deal with the manufacturers Dassault.

Parrikar said after the initial purchase of 36 Rafale aircraft, the country will have more such planes under "Make in India initiative or Rafale kind of mechanism."

The minister said Rafale is the fourth generation aircraft which will add up to the old generation fighter planes like MiG21, MiG27 and Su30 which are currently with India.

"We have old generation aircraft which are upgraded and with limited life. In fact, MiG 21 is at the fag end of its life," he added.

The Defence Minister said Rafale's induction into the IAF may take two years "as 'fly away' does not mean we will get them tomorrow".

"It has to be designed as per India's need," Parrikar said, adding negotiations will be held over their pricing, which are currently valued at Rs 700 crore.

"We need some lighter type of single-engine kind of aircraft, but we also need deep penetration double-engine aircraft which has latest technology and other equipment which can give India a decisive edge over its traditional enemies," the minister said.

He said the purchase of 36 aircraft is for filling in the immediate gap.

Noting that Light Combat aircraft Tejas will undergo final flight testing next month, he said, 'Make In India' is a long-term solution for India's Air Force strength.

"We have to push the development of Tejas and we have to also ensure that we could build some high grade aircraft," Parrikar said.

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News Network
February 28,2020

Feb 28: National oil marketer Indian Oil Corporation (IOC) on Friday said it is ready to supply low emission BS-VI fuels from April 1 and that there will be a marginal increase in retail prices.

The largest oil supplier has spent over Rs 17,000 crore to upgrade its refineries to produce the low-sulfur diesel and petrol, the company's chairman Sanjiv Singh told reporters here.

Without disclosing the quantum of price increase, Singh said, “there will definitely be a marginal increase in retail prices of the fuels from April 1 when the whole country will be run on new fuels, which will have a sulphur content of only 10 parts per million (ppm) as against the present 50 ppm.

“But let me assure you, we will not be burdening the consumers with a steep hike,” Singh said.

He said, state-run oil marketing companies (OMCs) have invested Rs 35,000 crore to upgrade their refineries, of which Rs 17,000 crore have been spent by IOC alone.

Earlier this week, the sell-off bound BPCL said it had invested around Rs 7,000 crore for the same. ONGC-run HPCL has not so far disclosed its readiness for BS-VI supplies or its capex on the same.

HPCL had said from February 26-27 it was ready with BS-VI fuels and that it would sell only the new fuels from March 1.

IOC switched to BS-VI fuel production a fortnight ago and all its depots and containers are ready now, Singh said.

However, he said some remote locations, where the intake is very low, will take some more time to switch. But the company is planning to drain out the entire BS-IV stock and replenish the new fuels at such locations, he added.

Further, it has been reported that the companies will have to increase prices by 70-120 paise a litre, but Singh said, to arrive such a weighted average is not possible given the complexities of each refinery.

He, however, asserted that the price hike will not be a burden on consumers.

We are not looking at this investment from a pure return on investment basis, but this is a national mandate and we have done it.

Having said that, all those countries that moved to low emission fuels are charging higher prices; and from April 1, our prices will also be benchmarked against Euro VI prices as against the present practice of the cost-plus model, Singh concluded.

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News Network
March 4,2020

Mar 4: Prime Minister Narendra Modi said on Wednesday that he has decided not to participate in any 'Holi Milan' programme as experts have advised reducing mass gatherings to avoid the spread of coronavirus.

"Experts across the world have advised reducing mass gatherings to avoid the spread of COVID19 Novel Coronavirus. Hence this year, I have decided not to participate in any 'Holi Milan' programme," the PM tweeted.

This year, Holi is on March 10.

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Agencies
January 7,2020

New Delhi, Jan 7: Services at various bank branches and ATMs are likely to be affected as hundreds of employees will go on a bank strike across the country on Wednesday.

The bank strike is part of the Bharat Bandh call given by trade unions to protest against the labour reforms and economic policies of the Central government, according to reports.

The protestors' main demand during the Bharat Bandh is that the Centre should drop the proposed labour reforms.

A Bill in this regard was passed and proposes to merge 44 labour laws into four codes -- wages, industrial relations, social security, and safe working conditions.

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