Home Business Week RAFALE deal cheaper by 2.86%: CAG

RAFALE deal cheaper by 2.86%: CAG

The Auditor (CAG)’s report on Rafale fighter jet deal has said the contract to acquire 36 fighter jets was 2.86% cheaper than the price negotiated by the UPA Government.

The CAG report on ‘capital acquisition in IAF’ was tabled in Parliament on Wednesday.

CAG said that India has managed to save 17.08 percent money for the India Specific Enhancements.

RAFALE deal cheaper by 2.86%: CAG
Rafale deal cheaper by 2.86%: CAG

The auditor (CAG)’s report on Rafale fighter jet deal has said the contract to acquire 36 fighter jets was 2.86% cheaper than the price negotiated by the UPA government.

RAFALE deal cheaper by 2.86%: CAG
RAFALE deal cheaper by 2.86%: CAG

The story has flagged the drawbacks of settling for a “Letter of Comfort” instead of a sovereign guarantee from the French. The CAG report on ‘capital acquisition in IAF‘ was tabled in Parliament on Wednesday.

CAG said that India has managed to save 17.08 percent money for the India Specific Enhancements in the 36 Rafale contract signed in 2016.