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
March 11,2020

New Delhi, Mar 11: According to the Union health ministry, there are 62 confirmed cases of coronavirus in the country.

The Delhi High Court Wednesday sought the stand of the Centre and the Delhi government on a PIL seeking proper and adequate measures to combat coronavirus.

A bench of Chief Justice D N Patel and Justice C Hari Shankar issued notice to the Ministry of Health and the Delhi government seeking their replies on the public interest litigation (PIL) filed by an advocate.

The petition, by lawyer Triveni Potekar, seeks directions to the Centre and the Delhi government to make available important and relevant information on access to and availability of medical facilities for testing and treatment for the coronavirus disease.

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Agencies
May 26,2020

The Shopping Centres Association of India (SCAI) on Monday said the sector has lost over Rs 90,000 crore in the last two months, owing to the lockdown, and market players need much more than the repo rate cut and the loan moratorium extended by the RBI.

In a statement, the industry body said that the Reserve Bank of India's (RBI) relief measures are not adequate to support the liquidity needs of the industry.

According to the SCAI, there is a common misconception that the shopping centres' industry is centred around metros and large cities with investments only from large developers, private equity players and foreign investors.

"However, the fact is that most malls are part of the SMEs or standalone developers. i.e. more than 550 are single owned by standalone developers out of the 650-odd organised shopping centres across the country and there are 1,000+ small centres in smaller cities," it said.

Amitabh Taneja, Chairman of SCAI said: "The organised retail industry is in distress and has not earned anything since the lockdown and their survival is at stake. While the extension of the loan moratorium talks about some relief on repayment but won't help the industry in liquidity."

He said that a long term beneficial plan from the government is much required to revive the sector.

"Being the most safe, accountable, and controlled environment, unfortunately, malls have not been permitted to open which will lead to job losses and might even shut shops for a lot of mall developers," Taneja said.

In its representations to the Centre and the Reserve Bank of India, the association has also pointed out that, in absence of financial package and stimulus from the RBI, over 500 shopping centres may go bankrupt, that may lead to the banking industry staring at NPAs of Rs 25,000 crore.

The industry body has put forward its recommendations and requests to the government. It had sought moratorium till March 2021 at the least in terms of repayment of bank loans, interest, EMI and so on, without levy of any penalties or penal interest.

It has also sought a one-time loan restructuring with lower rates of interest, permitted for shopping centres and a facilitative and forward-looking support provision of short-term financing options for a period of six to 12 months, at lower interest rates, to meet the increased working capital requirements.

Among other relaxations, it had also appealed for GST rebates to offset the losses on account of and for the period of closure of business.

It also said that interest rates should be brought down to "manageable levels" of 5-6% in view of the precarious financial situation.

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News Network
May 5,2020

New Delhi, May 5: India registered the biggest jump in numbers of COVID-19 cases and deaths, with 3,900 new cases and 195 deaths being reported in the last 24 hours, according to the Ministry of Health and Family Welfare on Tuesday.

"3,900 COVID-19 cases and 195 deaths have been reported in the last 24 hours, the largest spike till now in both," according to the Ministry of Health and Family Welfare.

The total number of confirmed coronavirus cases in India reached 46,433, including 1,568 deaths, according to the Union Ministry of Health and Family Welfare on Tuesday.

According to the latest update by the MoHFW, 12,727 patients in the country have been cured and discharged, or have migrated, as of today morning. At present, there are 32,138 active cases in the country.

Maharashtra with 14,541 cases is the worst-affected state by the disease, while Gujarat with 5,804 cases is second on the list.

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