The CAG, in its report on the Rafale fighter jet deal with France, has highlighted the drawbacks of settling for a 'Letter of Comfort' rather than a sovereign guarantee by the French government. The report, tabled in Parliament on Wednesday, noted that the 2007 UPA deal included a 15 per cent bank guarantee against advance payments.
from Times of India http://bit.ly/2ByUMES
The CAG, in its report on the Rafale fighter jet deal with France, has highlighted the drawbacks of settling for a 'Letter of Comfort' rather than a sovereign guarantee by the French government. The report, tabled in Parliament on Wednesday, noted that the 2007 UPA deal included a 15 per cent bank guarantee against advance payments. https://ift.tt/eA8V8J February 13, 2019 at 02:38PM http://bit.ly/2hJjhqE
Wednesday, February 13, 2019
Rafale: CAG raises concern on letter of comfort over sovereign guarantee
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