Corruptmodi.com Website Review

The Modi govt signed A bargain to purchase 3 6 Rafale jets in a rate more than that which the UPA government negotiated. Modi government has refused to create public the price of the aircraft,'' saying that a secrecy clause exists between India and France. However, India is simply bound by this secrecy clause from revealing the technical specifications and operational capabilities of the air craft, and also perhaps not the purchase. Manufacturer Das*ault has released the total price. This produces the air craft price to be $1,660 crore, as. The UPA's price comprised transfer of tech (ToT), and also the state-owned Hindustan Aeronautics Limited (HAL) was to produce 108 air craft. There isn't any ToT, also Reliance Aerospace, superseded HAL, that features a great record in defence production. Additionally, as Das*ault Aviation's Annual Report, Qatar and Egypt attracted the same aircraft at R S 13 19 crore. Regardless of approval of the Cabinet Committee on Liabilities of just one more provider, Infrastructure Leasing & Financial Services(IL & FS), as a result of steady default, is leaving a direct effect on the Indian economy. The company made $91,000 Cr into finance institutions, banks and investors at the time of 31st. The company's net profit has fallen by 900%. Its debt jumped by 44% now does not need the funds to pay the loans back. Its equity has been clas*ified as'junk' by the rating agencies dismissing any chance of repaying the mortgage. India's biggest insurance company, LIC, SBI the lender and the Central Bank of India maintain 40 percent of their equity of IL&FS. How did a company, together with 40 percent of its share possessed by LIC, SBI and also Central Bank of India, collect a debt of $91,000Cr? How can this go undetected by the agents of LIC, SBI, etc.? Adding fuel to fire, the PMO and the Finance Ministry are currently pressurising NHAI, SBI, LIC and also the RBI to bail the Business out. Here, it's to be