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A report commissioned by the United States US Congress has placed India as the second largest arms buyer among developing nations, and the claim looked vindicated on Wednesday when outgoing Indian Air Force chief Arup Raha said the country needed Rafale-type war planes instead of the 36 the country had purchased from France.
The report highlights recent Indian efforts to diversify its procurement of arms, of which the US has been a major beneficiary.
InItaly also sold India 12 AW helicopters.
InFrance secured a USD 2. Indeed, India in had eliminated Russia from the international competition to supply a new-generation combat fighter aircraft, a competition won by France. InRussia and India agreed to a contract in which India would procure at least KaT helicopter, the report said.
With India reducing its reliance on Russia on arms purchase, Moscow is looking for other options, it added. He said the IAF would require the medium-weight fighters in the next five to 10 years, stressing the need for setting up a new production line in the country.
India and France signed the Rafale deal on Sept 23,ending long-drawn-out negotiations that began after Prime Minister Narendra Modi announced the deal during a Paris visit in April The paper said that the planes, equipped with latest weapons and tailored for Indian needs, will be delivered to the IAF between September and April It has 33 fighter squadrons, against the sanctioned Published in Dawn December 29th, The usage of e banking by the enterprises came into existence in mid 90’s.e banking came into existence in greater numbers because of low operating costs.
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Andhra Bank was founded by the eminent freedom fighter and a multifaceted genius| Dr.
The newly enacted quality of service regulations for the telecommunications sector have empowered Bangladesh Telecommunication Regulatory Commission to impose up to Tk crore in administrative fine on the access network service operators including mobile phone operators for breaching rules. Jan 11, · Prime bank limited is a fast growing private sector bank and the bank is already at the top slot in terms of quality services to the customers and value addition for the shareholders. Prime Bank Limited has started its operation as a Conventional Bank in April Banking & Finance Modi pitches India as favourite investment destination He was delivering a keynote address at the Singapore Fintech Festival where he stressed India as a favourable destination for fintech companies and startups.
Bhogaraju Pattabhi Sitaramayya.| The Bank was registered on 20th November and commenced business on 28th November with a paid up capital of Rs lakh and an authorised capital of Rs lakhs.
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