Proud That Our Govt Negotiated Cheaper & Much Better Deal: Arun Jaitley
  • WebDesk BTVI
  • Feb 13 2019

Union Minister Arun Jaitley reacting on CAG finding NDA's Rafale jets deal 2.86% cheaper than UPA's, says, “2016 package of weaponry with 9 year advancement of technology is much more sophisticated. Escalation clause in 2007 was 3.5% per yr. In 2016, it is 1.2% which is European rate of inflation. When aircrafts start arriving from 2019, 2.3% gap in the escalation clause will also be compounded every year. So every year, a far cheaper transaction will continue.”