India has been bargaining hard with France over the pricing of the 36 fighter planes; deal to be finalised by May end
Negotiations to bu y 36 French Rafale fighter jets are nearing finish line, says India's defence ministry; sources put price at around $9 billion
Price for 36 Rafales, as per UPA tender, comes to about Rs 65,000 cr; present govt seeks to bring price down Rs 59,000 cr
The Defence Minister also assured that France and India will 'very soon' conclude the deal
Build F-16 in India and supply it to Pakistan, taunts a French official
The disagreement over liability further complicates any early conclusion of the Rafale contract
Union Law Ministry flags concerns over several clauses in the deal, terming them as not in the interest of India, The Indian Express reports
Total defence budget for 2016-17 was Rs 3,41,000 crore including defence pensions coming to 17.23%