National

Modi’s decision to buy 36 Rafales shot the price of each jet up by 41%

Modi’s decision to buy 36 Rafales shot the price of each jet up by 41%

National
Updates from :  the Hindu : Big increase in price came because a deal bypassing mandated procedures and made in the face of official objections resulted in €1.3 billion ‘non-recurring’ cost attributed to the ‘Design and Development’ of 13 India Specific Enhancements being spread over 36 instead of 126 aircraft Prime Minister Narendra Modi’s decision, announced out of the blue in Paris on April 10, 2015, to buy 36 Rafale fighter jets from France instead of the 126 asked for by the Indian Air Force for six squadrons pushed the price of each fully fitted, combat-ready aircraft up by 41.42%. It was the National Democratic Alliance government’s acceptance of the cost of €1.3 billion claimed for the ‘design and development’ of 13 India Specific Enhancements (ISE), and the distribution of
30 lakh reapply for inclusion in NRC

30 lakh reapply for inclusion in NRC

National
Updates from :  the Hindu : Exercise of claims ends; 600 objections have been filed About 30 lakh of the 40.07 lakh people left out of the final draft of the updated National Register of Citizens (NRC) published five months ago have applied again for inclusion during the claims and objections round that ended on Monday. During the phase, 600 objections also came in from those who doubted the citizenship of others included in the draft. Deadline extended The window for 40.07 lakh of the 3.29 crore applicants excluded from the complete draft was opened on September 25. It was to have closed on December 15, but the Supreme Court, which is monitoring the exercise, extended the last day to December 31 after the Assam government said the panchayat election, held on December 5 an
Nepal caps expenditure of its citizens in India

Nepal caps expenditure of its citizens in India

National
Updates from :  The Hindu : A visiting citizen can’t spend more than one lakh a month Nepal on Tuesday imposed a monthly limit on the amount of Indian currency its citizen can spend in India. A spokesperson of the Nepal Rastra Bank (NRB) said a Nepali citizen would be unable to spend more than ₹1 lakh per month while paying for goods and services in India and that the decision was taken to address the country’s current account deficit. The policy applicable to prepaid, credit and debit cards of Nepali banks came into effect on Tuesday. However, leading economists of Kathmandu are saying that the unprecedented step was prompted by Nepal’s recent experience with the Indian currency that included the demonetisation process launched by Prime Minister Narendra Modi. Central ban
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