He claimed the NDA government bought the planes at Rs 1,600 crore a piece as against the Rs 526 crore for each aircraft fixed by the UPA.
India and Russia underlined their determination to deepen their "time tested" relationship on Monday, as they inked a path-breaking civil nuclear agreement that will ensure transfer of technology and uninterrupted uranium fuel supplies to its nuclear reactors and signed three pacts in the defence sector.
India and South Africa on Friday agreed to deepen engagement in key areas of defence production, manufacturing, mining and minerals and combating terrorism.
In his customary state of the union address to the Chinese parliament, Premier Wen Jiabao said the country's economy was the first in the world to have staged a recovery after the global economic slowdown in 2008, thanks to the $586 billion stimulus package announced last year.
India already allows 100 per cent ownership of greenfield pharma businesses.
The FIPB, headed by Finance Secretary Arvind Mayaram, at its meeting on Tuesday considered 35 proposals.
Before leaving on a 10-day foreign visit starting Monday, Sharma said he would address concerns of foreign retail sector investors and ensure help in setting up stores.
He said India has also opened its defence industry 'like never before' and sought investments in the sector.
UK-based metals major Vedanta Resources came under more pressure as it was revealed on Tuesday that one of its group companies, Balco, is a supplier of refined aluminum to the Indian defence sector. This information is now being used by human rights campaigners to urge investors like the Church of England to divest from Vedanta Resources to keep in line with the church's policy of not investing in companies that are involved in any way in armament production.
A beautiful rendition of 'Vaishnav Jan To Tene Kahiye', a favourite bhajan of Mahatma Gandhi, was sung on the occasion.
The Defence Procurement Policy of 2008, unveiled on August 1 by Defence Minister AK Antony, tries for the first time to lay down a list of defence products. A single page annexure specifies 13 generic categories that will be treated as defence products for offset purposes. The list confines itself to broad categories like 'vessels of war, special naval systems, equipment and accessories' and 'high velocity kinetic energetic weapons systems and related equipment.'
''We want to make Vibrant Gujarat the global business hub,' says Gujarat Minister Saurabh Patel.
Indians laid off by the current recession tell their stories in this gripping rediff.com series.
During his visit, first by an Indian prime minister in 34 years, Modi will seek to enhance cooperation in energy and trade and reach out to investors to hardsell India as an attractive business destination.
He said the NDA's work culture was different from that of the previous governments.
Conveying that there will be no let up in India's drive to modernise its energy and defence sectors, prime minister's special envoy Shyam Saran said on Tuesday this should encourage Washington to look at New Delhi as a source of demand for its goods and services.
Indian Ambassador to the US Harsh Vardhan Shringla said India has stopped importing oil from Iran after the United States refused to extend exemption from sanctions earlier this month.
The gross domestic savings rate increased from 29.8 per cent in 2003-04 to 30.7 per cent in 2007-08. The tax to GDP ratio increased from 9.2 per cent 2003-04 to 4.5 per cent 2007-08, Pranab Mukherjee said.
PM says FDI decision shows 'unwavering' commitment to reforms.
The defence and aerospace sectors have seen at least over Rs 10,000 crore worth of MoUs being signed during the summit.
India must also not rule out dialogue with Pakistan. However, talks with Pakistan must be structured, and further progress must be based on visible results.
Also the companies should be self-sufficient in product designing and have maintenance and life cycle support facilities.
Finance Minister Arun Jaitley underlined that defence of every square inch of our mother land comes before anything else.
The aerospace technology outsourcing market in India will touch $1 billion by 2009, according to Nasscom.
Excise duty reductions will help lower prices and stimulate demand for 2&3 wheelers and small cars
'She must first change the Rules of Business 1961 that makes the defence secretary and not the defence minister responsible for the defence of the country!' says Colonel Anil A Athale (retd.)
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
'Romania fully understands and supports India's intention to expand its possibilities to generate civil nuclear power.'
Experts say this is a landmark deal that tackles a long-pending issue and will boost Russian investment in India's energy, minerals and defence sectors. The debt, accumulated over several years till April 15, 2007, is parked with the Reserve Bank of India. Explaining the agreement, Indian officials said a Russian company planning to invest in India would deposit rouble funds equivalent to their proposed investment with the Russian central bank.
In a two-page letter written on December 12, 2017, the Reliance head said he was "personally saddened" by the "unfortunate statements" against him and his group by several functionaries of the Congress party.
Taking the BPO-KPO wheel forward, the offshoring industry is looking to tap the $750 billion-a-year global engineering services industry.
Senior officials of India and the US will meet after the forthcoming Budget session to identify and prioritise sectors for investments and technology sharing.
Arms dealer Sanjay Bhandari, who is under the scanner of multiple investigating agencies, may have fled the country, a media report claimed on Thursday.
India must revive public sector firms.
'India has seen that whenever dynastic politics has been powerful, institutions have taken a severe beating'
The move is in keeping with the group's target of achieving Rs 2,200 crore revenues from the defence sector by 2007-2008.
An agreement to expedite the Jaitapur nuclear plant was expected to be signed.
'These medicines will ensure that our brave soldiers do not suffer from unwanted blood loss while being taken to a better healthcare from war zones'
India on Monday signed a nearly USD 3 billion (around Rs 198 crore) deal for purchase of 22 Apache attack helicopters and 15 Chinook heavy-lift choppers with American aviation giant Boeing and the US government.
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