Tag Archives: Defence Procurement Procedure

India has Rs 1,500 cr bank guarantee on offsets in Rafale deal

India has Rs 1,500 cr bank guarantee on offsets in Rafale deal

India has secured a bank guarantee for about Rs 1,500 crore from Dassault in the Rafale jet deal as a safeguard against any violations of the offset policy prepared in accordance with the Defence Procurement Procedure (DPP), a leading financial …

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Rafale is not government-to-government deal: Congress

Rafale is not government-to-government deal: Congress

The Congress on Wednesday claimed the agreement to purchase the 36 French Rafale jets was not a government-to-government deal. Keeping up the attack over the Rafale “scam”, Congress also said the French defence major was a “non-compliant” company and the …

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