Money Ballast Keeps Rafales on Runway

With barely a week left for the arrival of French President Francois Hollande in the national capital, a crucial deal to buy 36 Rafale fighter jets from France has hit turbulence. Nine months after Prime Minister Narendra Modi announced in Paris India’s plans to buy the fighter aircraft directly from the French government, officials of the finance wing of the Ministry of Defence are worried about the high costs of the warplanes, which has turned out to be the way above their calculations.

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